Television giant Media General to buy Meredith in $2.4bn merger

Combined company to be called Meredith Media GeneralMerger to create ‘powerful multiplatform and diversified media company’Broadcaster Media General announced on Tuesday that it is buying TV and publishing company Meredith Corp in an approximately $2.4bn cash-and-stock deal.The combined company, called Meredith Media General, will have 88 television stations in 54 markets and media brands including Better Homes and Gardens, Allrecipes, Parents and Shape. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2015-09-08 00:00:00 UTC ]
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Watch live Thursday at 10 a.m. EDT: Condé Nast's Pam Drucker Mann on the state of media in the pandemic

In this live episode of Ad Age Remotely, Condé Nast's chief revenue officer discusses how the publishing giant is navigating managing costs and ad revenue. Continue reading at Advertising Age

[ Advertising Age | 2020-04-29 22:14:12 UTC ]
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BNP Media to Take Most of Its Magazines Digital-Only By August

The fallout from the COVID-19 pandemic is accelerating a planned shift from print to digital at Michigan-based BNP Media, where management has informed staffers that the company will be phasing out the print editions of all of its controlled-circulation trade magazines by the end of July. The... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-28 15:18:48 UTC ]
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What needs to be done to help the media industry?

If it wasn’t already obvious that the media industry was in dire straits before the coronavirus came along, it has become abundantly obvious now. Every day, it seems, news outlets large and small are announcing waves of furloughs, salary cuts, and layoffs for significant numbers of their... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2020-04-24 11:57:00 UTC ]
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The Pandemic Is Changing Book-Buying Patterns

The Covid-19 outbreak is altering what books consumers buy and where they buy them. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-24 04:00:00 UTC ]
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Vivendi buys stake in Lagardere

Vivendi, parent company of French publisher Editis, has acquired 10.6% of Lagardère. Continue reading at The Bookseller

[ The Bookseller | 2020-04-23 10:26:48 UTC ]
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G/O Media Promotes Deadspin EIC Jim Rich to Editorial Director | People on the Move

[caption id="attachment_180020" align="alignright" width="150"] Jim Rich[/caption] G/O Media announced Wednesday that Deadspin editor-in-chief Jim Rich has been promoted to editorial director across the company's entire portfolio, which also includes sites like The A.V. Club, Gizmodo, Kotaku,... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-22 19:47:03 UTC ]
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Vigliano Buys Back His Agency

David Vigliano has bought back the assets of his eponymous literary agency from Y Entertainment Group. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-22 04:00:00 UTC ]
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Meredith Cuts Salaries, Expands Ad Guarantee to Make Up for Revenue Decline

Facing what it called "a significant decline in advertising revenues" as a result of the COVID-19 pandemic, Meredith Corp. says it's implementing sweeping pay cuts across 60% of its approximately 5,000 employees, suspending quarterly dividends and withdrawing the 2020 fiscal outlook it... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-20 17:45:12 UTC ]
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Coronavirus continues to take its toll on the media industry

It’s hard to imagine an industry more poorly prepared for the arrival of a global pandemic than the media business. Even before “coronavirus” became a household word, the industry was already reeling from a series of body blows, most of them delivered by Google and Facebook and their dominance... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2020-04-20 11:45:00 UTC ]
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Literature on Lockdown 2: #CultureConnectsUs

As quarantine continues, we’re all noticing that we respond to lockdown differently. While many spend each day providing care, food and other necessities, those of us privileged enough to be 'stuck at home' are seeing our friends’ and family members’ behaviour change under the new... Continue reading at British Council global

[ British Council global | 2020-04-17 15:42:05 UTC ]
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The right-wing media’s rallying cry: anti-lockdown edition

On Monday, Joshua A. Bickel, on assignment for the Columbus Dispatch, took a photo that went viral. Bickel was in the Ohio statehouse, where he’d been sent, in the absence of a furloughed colleague, to film a briefing by Mike DeWine, the governor. His photo captured a group of protesters,... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2020-04-17 12:00:34 UTC ]
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New manga subscription service launches with a quarantine-friendly 2-month free trial

Read "Attack on Titan," "Somali & the Forest Spirit," "Fire Force," "Arte" and more with Mangamo, a new mobile manga subscription service. Continue reading at Los Angeles Times

[ Los Angeles Times | 2020-04-15 13:00:12 UTC ]
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Panel Mania: Giant by Mikaël

Set in 1930s depression-era New York City, 'Giant' by Mikaël, follows the story of a massive, laconic Irish immigrant with a deep secret as he works high above Manhattan on the construction site of the new Rockefeller Center. A ten page excerpt. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-15 04:00:00 UTC ]
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Modern Luxury Media Furloughs Staff, Combines Issues

Modern Luxury Media, publisher of more than 40 high-end regional lifestyle magazines, has furloughed a significant number of staffers across the company through at least the end of June as a result of the COVID-19 pandemic. CEO Michael Dickey—who noted that he and other executives are forgoing... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-14 18:53:14 UTC ]
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Meredith Is Latest Presenter to Drop Out of Postponed NewFronts Week

Yet another company has pulled out of June's postponed Digital Content NewFronts. Meredith, the magazine publisher with publications that include People, Better Homes & Gardens and Allrecipes, will not court advertisers with a NewFronts presentation this year due to the "current climate,"... Continue reading at AdWeek

[ AdWeek | 2020-04-14 17:34:21 UTC ]
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Fundraiser Buys City Lights Time to Plan

San Francisco's City Lights raised nearly half a million dollars on GoFundMe. The money was necessary to cover short term costs and buy time to form a viable strategic and succession plan for the future. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-14 04:00:00 UTC ]
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Egmont buys Matt Lucas picture book, as NHS support initiatives multiply

Egmont has snapped up world rights to a picture book of Matt Lucas' coronavirus version of his charity comedy single, "Thank You, Baked Potato", with proceeds for the book going to his #FeedNHS campaign. Continue reading at The Bookseller

[ The Bookseller | 2020-04-08 11:15:05 UTC ]
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Group Nine Media Lays Off 7% of Staff

Group Nine Media, whose digital media properties include PopSugar, The Dodo and NowThis, laid off dozens of employees, or 7% of its more than 700-person staff, across the company. It's the latest publisher to take drastic action as COVID-19 has drastically altered the media landscape. As the... Continue reading at AdWeek

[ AdWeek | 2020-04-07 20:39:10 UTC ]
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New Launches at Meredith and Penske; Trade Show M&A “Evaporates” | News & Notes

Call it a case of fortuitous timing: as the nation's unemployment rate approaches historic levels and Americans brace for the second major economic downturn in a decade, Meredith Corp. announced this week that it just so happens to have a new personal-finance-focused print and digital magazine... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-07 17:21:16 UTC ]
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