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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We speak with Ben Schrank, the former head of Henry Holt and now head of upstart publisher Astra House, about the latest developments at the press and other bookish matters. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-10-26 04:00:00 UTC ]
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After a large job cut in mid-July, Callisto Media made another significant staff reduction on Monday in a move to cut costs during an uncertain economic climate. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-10-25 04:00:00 UTC ]
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As the world book industry gathers in Frankfurt, UK executives share insights on today’s top publishing concerns—chief among them is cost. The post UK Execs: When Business is Booming and So Are the Costs appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-10-20 12:25:15 UTC ]
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Novelist Silvia Moreno-Garcia discusses "The Daughter of Doctor Moreau" at the L.A. Times Book Club. Continue reading at Los Angeles Times
[ Los Angeles Times | 2022-09-27 22:03:43 UTC ]
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The United Kingdom-based business book competition is in its 18th year. Its shortlist deals with economics, business, and politics. The post Financial Times Announces a Shortlist in the £30,000 Business Book of the Year Award appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-09-26 10:02:34 UTC ]
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Mantel, whose bestselling trilogy on the life of Thomas Cromwell earned her critical acclaim and three bestsellers, died on September 22. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-09-26 04:00:00 UTC ]
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'Hope for the Flowers' and 'The Jesus Storybook Bible' are marking milestones this year after years as backlist backbones for their publishers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-09-23 04:00:00 UTC ]
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Buckley’s “Has Anyone Seen My Toes?,” a novel about a screenwriter who’s gone off the rails, takes aim at pandemic-fueled neuroses. Continue reading at The Washington Post
[ The Washington Post | 2022-09-04 11:00:00 UTC ]
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Keith Corbin talked about growing up in Watts, going to prison and finding an unexpected career as a chef. Continue reading at Los Angeles Times
[ Los Angeles Times | 2022-08-23 19:57:41 UTC ]
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Did you know streaming TV was the future? Nielsen data shows streaming TV viewership in the US surpassed cable for the first time this July. About 34.8 percent of viewing time went to shows on internet services — slightly more than the 34.4 percent for cable.Breaking it down further, Netflix had... Continue reading at Engadget
[ Engadget | 2022-08-19 11:15:00 UTC ]
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It was seemingly just a matter of time before streaming overtook at least one form of conventional TV, and now that moment has arrived. Nielsen data indicates that streaming TV viewership in the US surpassed cable for the first time this July. About 34.8 percent of viewing time went to shows on... Continue reading at Engadget
[ Engadget | 2022-08-18 16:44:57 UTC ]
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July viewership hours soar for streaming, in large part thanks to Netflix’s "Stranger Things." Continue reading at Advertising Age
[ Advertising Age | 2022-08-18 14:23:15 UTC ]
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The first major review for Breaking History—odious lickspittle Jared Kushner’s memoir about his tenure at the Trump White House—has dropped, and it is a doozy. Published by Broadside Books (a lamentable neocon imprint of Harper Collins which boasts a stable full of prize grievance ponies like... Continue reading at Literrary Hub
[ Literrary Hub | 2022-08-17 15:19:36 UTC ]
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After a lengthy presentation by Manuel Sansigre, PRH's global v-p for mergers and acquisitions, Judge Florence Pan decided to exclude his testimony, ruling that the data had not been independently verified. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-16 04:00:00 UTC ]
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Is there anything better than a series that has you immediately reaching for the next book? The best book series of all time deliver. Continue reading at Book Riot
[ Book Riot | 2022-08-04 10:34:00 UTC ]
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Mr. Cruz has been the Culture editor at The Times since January 2018, leading coverage of arts and culture. Continue reading at The New York Times
[ The New York Times | 2022-07-28 22:22:00 UTC ]
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Jennifer Grey discusses her bestselling memoir, "Out of the Corner," and the "Dirty Dancing" sequel. Continue reading at Los Angeles Times
[ Los Angeles Times | 2022-07-27 22:08:56 UTC ]
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National and regional news publisher says Ukraine war coverage is turning off brands. Continue reading at Media Week
[ Media Week | 2022-07-26 10:13:19 UTC ]
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Michelle Pearson and her husband kept a significant development from their guests to ensure their wedding day remained carefree and special. But eventually, they brought others into their secret. Continue reading at CBC
[ CBC | 2022-07-26 08:00:00 UTC ]
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Less than a month after the publisher and v-p of creative and business development were laid off at the comics publisher, a new round of dismissals hit the company last week, casting uncertainty over its future. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-07-18 04:00:00 UTC ]
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