Time Inc. CEO as Sale Talks End: 'This Company Has Largely Under-Exposed Its Brands'

It's official: Time Inc. has not found a buyer -- and is no longer considering offers. In an announcement that put a cap on months of speculation over who would buy the publishing giant and when, Time Inc. said Friday morning that the "Company will continue to pursue its strategic plan."The magazine group, home to brands including Sports Illustrated, People and Time, outlined said strategic plan in corporatespeak that veered from predictable to scary. As any good publisher plan would, it calls for an emphasis on video and "continued growth in digital audiences and digital revenues." It also promised "selective portfolio rationalization" and "continued aggressive reengineering of the cost structure of the Company."These are trying times for magazine publishers. Magazines' print ad revenue, still a crucial source of revenue for the industry, will decline 2% to $12.4 billion this year, according to a recent forecast from eMarketer, and slip another 0.5% next year. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2017-04-28 00:00:00 UTC ]
News tagged with: #friday morning #strategic plan #magazine group #continued growth #digital audiences #digital revenues #magazine publishers

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Small Bookstores Struggle for Niche in Shifting Times

Morgan Entrekin, holding book, publisher at Grove/Atlantic, met with booksellers at the Winter Institute book fair last week. Continue reading at The New York Times

[ The New York Times | 2011-01-24 00:00:00 UTC ]
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Writers Are Asked Not to Talk About Author of O

Simon & Schuster requested that journalists and other writers not comment if asked whether they were responsible for the novel O, about a fictional 2012 presidential campaign. Continue reading at The New York Times

[ The New York Times | 2011-01-19 00:00:00 UTC ]
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Report: Verso and NewPage Back in Merger Talks

NewPage Paper and Verso--the largest makers of coated paper and the subject of merger rumors last year--are b Continue reading at Folio Magazine

[ Folio Magazine | 2011-01-18 00:00:00 UTC ]
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Time to Change Co-op?

After several stark years in which stores like Cody's in San Francisco and Davis-Kidd Booksellers in Nashville closed and the nation's second largest chain is teetering more than ever, publishers and booksellers are looking for new ways to work together. Continue reading at Publishers Weekly