More job cuts could soon hit Time Inc., company executives told their top 300 managers at a quarterly meeting on Monday.The warning came during a question-and-answer session with Norm Pearlstine, Time Inc.'s newly appointed chief content officer. Asked by Time magazine Managing Editor Nancy Gibbs whether there will be layoffs, Mr. Pearlstine answered "yes" and said the decision would be a difficult one."He spoke compassionately," said one Time Inc. staffer who attended the meeting.Time Inc., publisher of magazines such as People and Sports Illustrated, began the year by cutting about 5% of its workforce, about 500 positions, in its biggest staff reduction since 2008. It is entering 2014 trying to get in shape for its spinoff from parent company Time Warner.Third-quarter revenue at Time Inc. decreased 2% to $818 million, fueled by a 4% decline in subscription revenues and 2% drop in ad revenue.A Time Inc. spokeswoman declined to comment for this story.Contrary to a report this weekend, the spinoff is still on track for the second quarter of 2014, according to Time Inc. CEO Joe Ripp, who appeared at the meeting along with Mr. Pearlstine and Chief Financial Officer Jeff Bairstow. The website 24/7 Wall Street wrote Saturday that the separation will mostly likely be delayed until the second half of next year to give Time Inc. time to overcome poor financial results coming in the fourth quarter.The move, originally envisioned for this year, has already been delayed once.Mr.... Continue reading at 'Crains New York'
[ Crains New York | 2013-12-10 00:00:00 UTC ]
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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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Like every publisher, Hearst Magazines has had to adapt to creating content in an all-remote world, from putting out magazines Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-04-13 16:58:44 UTC ]
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Like every digital publisher, Hearst Magazines has had to adapt to creating content in an all-remote world. "My motto is 'enter smiling,' and I believe there is opportunity in everything," CCO Kate Lewis said on the inaugural episode of The New Normal, a weekly interactive discussion show where... Continue reading at Digiday
[ Digiday | 2020-04-13 04:00:00 UTC ]
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Winners of the L.A. Times Book Prizes will be announced in a special, virtual Twitter ceremony this year because of the global health crisis. Continue reading at Los Angeles Times
[ Los Angeles Times | 2020-04-09 17:53:22 UTC ]
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Gannett, the owner of USA TODAY and more than 260 other daily publications, appointed a new chief financial officer as Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-04-08 17:34:12 UTC ]
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The Times Literary Supplement is offering free advertising to independent bookshops in the light of the Covid-19 pandemic. Continue reading at The Bookseller
[ The Bookseller | 2020-04-08 04:53:42 UTC ]
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In a virtual meet-up, "Almost Home" author Fanny Singer and mother and famed chef Alice Waters join book club readers April 21 for a kitchen conversation. Continue reading at Los Angeles Times
[ Los Angeles Times | 2020-04-07 20:33:16 UTC ]
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The bestselling crime novelist plans a virtual book tour for his new title, "Broken," as the coronavirus keeps him home in Southern California. Continue reading at Los Angeles Times
[ Los Angeles Times | 2020-04-07 15:00:38 UTC ]
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Diamond Distributors founder Steve Geppi outlined the terms under which the distributor of comics, graphic novels, and prose books would resume payments to publishers and other vendors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-07 04:00:00 UTC ]
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I woke early this morning in the coronatime in which we all now exist - the brief respite of sleep ruined yet again by the inevitable jolt of reality. It was, I believe, 7am. My phone buzzed with a text message from my bank, informing me that my account was in arrears. Continue reading at The Bookseller
[ The Bookseller | 2020-04-06 01:18:34 UTC ]
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In remarkable moments throughout history, news organizations have been there to inform the masses and accurately chronicle what’s happening for posterity’s sake. This is a responsibility TIME magazine has been devoted to for 97 years. The news magazine was a trusted source during The Great... Continue reading at Folio Magazine
[ Folio Magazine | 2020-04-02 15:20:28 UTC ]
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Kawai Strong Washburn’s debut novel envisions an archipelago of Indigenous peoples who refuse to be erased. Continue reading at The New York Times
[ The New York Times | 2020-03-31 12:43:39 UTC ]
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It's no surprise that as Americans across the country are being told to stay home or shelter in place, national television usage is up. But new data from Nielsen shows that kids are spending considerably more time in front of the television than other audience demos--and many of them are playing... Continue reading at AdWeek
[ AdWeek | 2020-03-27 17:50:19 UTC ]
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Join author Steph Cha and Joe Ide for a streaming conversation about new L.A. noir. The March 30 event will be live. Continue reading at Los Angeles Times
[ Los Angeles Times | 2020-03-25 19:15:02 UTC ]
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As part of a new virtual book club, publisher Sharmaine Lovegrove will be in conversation with a Dialogue author about their book on Instagram live every Thursday at 8 p.m. for the next 10 weeks. Continue reading at The Bookseller
[ The Bookseller | 2020-03-23 22:24:25 UTC ]
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Pearson has warned its profits will be hit, and paused its share buyback, after the Covid-19 pandemic closed testing centres and saw US state assessments postponed or waived. Continue reading at The Bookseller
[ The Bookseller | 2020-03-22 23:25:19 UTC ]
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Waterstones Children's Laureate Cressida Cowell has launched a digital hub with reading charity BookTrust to keep youngsters busy while schools are closed. Continue reading at The Bookseller
[ The Bookseller | 2020-03-22 17:38:05 UTC ]
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Just three weeks ago I had all been ready and excited for the Live From London event to announce the recipients of the Windham-Campbell Prizes at Simpsons in The Strand. Continue reading at The Bookseller
[ The Bookseller | 2020-03-20 07:06:32 UTC ]
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Barnes & Noble boss James Daunt has sent a letter to staff warning of potential lay offs if stores are closed due to the coronavirus. Continue reading at The Bookseller
[ The Bookseller | 2020-03-20 01:04:03 UTC ]
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Denver's Tattered Cover is the latest bookstore to report job losses, putting 100 employees on unpaid temporary leave. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-18 04:00:00 UTC ]
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