Time Inc. spinoff could lead to more deals

The spinoff of Time Inc. to create the world's largest publicly-traded magazine publisher may be just the beginning of deals for the owner of People and Sports Illustrated.With analysts estimating an enterprise value of about $3.9 billion—a measure of what it could cost to buy a company—an independent Time Inc. will be bigger than any other publicly held enterprise focused on magazine publishing, according to data compiled by Bloomberg. Following a failed attempt to divest some magazines to Meredith Corp., Time Inc. could actually buy Meredith, which is half its projected size, to consolidate costs, said Wunderlich Securities.Or, Time Inc.'s titles and its more than $3 billion in annual revenue may lure private-equity interest, said Wedbush Inc.Time Inc. "could either be an acquisition target for a larger, traditional publishing company or it could itself be an acquirer," Brett Harriss, an analyst at Gabelli & Co., which owns Time Warner shares, said in an interview. "It's clear that magazine publishing is likely in secular decline. That being said, it doesn't mean it's valueless."The spinoff, planned for this year, will shield Time Warner's cable networks and film studio from the publishing industry's struggles with the transition to the Internet and lower online advertising rates, according to Argus Research Co. Time Warner shares already have risen 7.9% since talks of separating the magazine unit emerged, almost eight months after Rupert Murdoch's News Corp.... Continue reading at 'Crains New York'

[ Crains New York | 2013-03-15 00:00:00 UTC ]
News tagged with: #jeff bewkes #declining revenues #evolving industry #makes sense #strategic alternatives

Other Publishing stories related to: 'Time Inc. spinoff could lead to more deals'


Time Inc. spinoff could lead to more deals

The spinoff of Time Inc. to create the world's largest publicly-traded magazine publisher may be just the beginning of deals for the owner of People and Sports Illustrated.With analysts estimating an enterprise value of about $3.9 billion—a measure of what it could cost to buy a company—an... Continue reading at Crains New York

[ Crains New York | 2013-03-15 00:00:00 UTC ]
More news stories like this | News stories tagged with: #jeff bewkes #declining revenues #evolving industry #makes sense #strategic alternatives


The AirPods Pro drop back to an all-time low, plus the rest of this week's best tech deals

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Amazon's Kindle Scribe is on sale for the first time, plus the rest of the week's best tech deals

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[ Engadget | 2023-01-06 19:05:41 UTC ]
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How Did AT&T’s $100 Billion Time Warner Deal Go So Wrong?

At Time Warner, executives saw AT&T as just a “big phone company from Texas.” At AT&T, they thought Hollywood would play by their rules. That combination led to strategic miscalculation unrivaled in recent corporate history. Continue reading at The New York Times

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It's a Great Time to Buy a Kindle (and 10 More Tech Deals)

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TIME Names New Sales, Marketing Leads | People on the Move

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[ Folio Magazine | 2019-09-05 19:34:18 UTC ]
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[ Publishing Perspectives | 2019-08-01 21:05:58 UTC ]
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Mitchel Levitas, Editor in Leading Posts at The Times, Dies at 89

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[ The New York Times | 2019-06-24 21:24:11 UTC ]
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Daunt to split time between London and New York in Barnes & Noble deal

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[ The Bookseller | 2019-06-08 16:19:54 UTC ]
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Zommer time for OUP as tree title leads nature trio

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[ The Bookseller | 2019-04-03 00:00:00 UTC ]
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AT&T's Randall Stephenson tries to close the deal on Time Warner merger at antitrust trial

AT&T Inc.’s top executive gave a vigorous defense of the proposed $85.4-billion deal to buy Time Warner, describing it as key to the company’s ability to compete with a new generation of high-tech competitors. “This world is changing fast,” said Randall Stephenson, who took the witness stand... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-04-20 00:00:00 UTC ]
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Gardner’s Head of Zeus deal leads flurry of indie publisher signings

Zephyr, the new children’s imprint at Head of Zeus, has bought a young fiction series by Carnegie Medal-winning author Sally Gardner. Continue reading at The Bookseller

[ The Bookseller | 2018-02-13 00:00:00 UTC ]
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Facebook just signed another music licensing deal–this time with Sony/ATV

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[ Fast Company | 2018-01-08 00:00:00 UTC ]
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Meredith to buy Time Inc. for upward of $2.8 billion in deal backed by Koch brothers

Time Inc., the steward of some of the country's most circulated and storied magazine brands, will be sold to the lifestyle-magazine publisher Meredith Corp., the companies announced Sunday. Meredith will pay $18.50 per share in the all-cash deal for a company that counts such titles as Time,... Continue reading at Baltimore Sun

[ Baltimore Sun | 2017-11-27 00:00:00 UTC ]
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Time Warner, AT&T deal contingent on CNN sale: report

AT&T’s proposed $85-billion purchase of Time Warner Inc., which owns CNN, HBO and Warner Bros. studios, is encountering resistance from the U.S. Department of Justice. For months, the Dallas telecommunications giant has been confidently predicting that it would finalize the takeover of Time... Continue reading at Los Angeles Times

[ Los Angeles Times | 2017-11-09 00:00:00 UTC ]
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[ Publishers Weekly | 2017-10-13 00:00:00 UTC ]
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