Time Inc. spinoff delayed until early next year

Time Warner said Tuesday that it won't complete its plan to separate Time Inc. division into an independent company this year as anticipated, prolonging a period of uncertainty at the publishing division just a little bit longer.Executives now intend to complete the spinoff early next year, Time Warner CEO Jeff Bewkes said during a conference call with analysts to discuss the company's second quarter results, to ensure the best position for Time Inc. as it starts life on its own. Mr. Bewkes also said he didn't want to rush Joe Ripp, who was named Time Inc.'s latest CEO last month and doesn't officially start until September.Time Warner reported second-quarter profit that topped analysts' estimates, boosted by higher advertising revenue at its cable networks, which include TNT, HBO and CNN.Excluding some items, earnings were 83 cents a share in the period, surpassing the 76 cents that analysts predicted on average, according to data compiled by Bloomberg. Network advertising sales rose 11%, helped by the National Basketball Association playoffs on TNT and the college basketball tournament, the company said.Net income increased to $771 million from $413 million a year earlier. Revenue advanced 10% to $7.4 billion, topping the $7.1 billion estimate.Mr. Bewkes has focused Time Warner's growth strategy on its TV business, which accounts for more than 70% of operating income."Our networks businesses, Turner and HBO, continued to shine, reflecting the success of our increased... Continue reading at 'Crains New York'

[ Crains New York | 2013-08-08 00:00:00 UTC ]
News tagged with: #tv studio #tv stations #entertainment businesses #media companies

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Time Warner spinning off Time Inc. magazine biz this year

Time Warner Inc. will spin off its magazine business later this year, turning the nine-decade-old publisher of Time, People and Sports Illustrated into a separate publicly held company.The board authorized management to proceed with the plan after a review of options, the New York-based media... Continue reading at Crains New York

[ Crains New York | 2013-03-07 00:00:00 UTC ]
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In ‘This Time Tomorrow,’ a 40-year-old gets to be 16 again

Emma Straub's novel follows a woman who can revisit the past and reshape the future. Continue reading at The Washington Post

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Announcing The Sunday Times Charlotte Aitken Young Writer of the Year Award shortlist

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[ British Council global | 2022-02-16 14:40:41 UTC ]
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Blackwell’s up for sale for first time in 143-year history

The UK’s largest independent bookshop chain Blackwell's is up for sale for the first time in its 143-year history. Continue reading at The Bookseller

[ The Bookseller | 2022-02-01 12:20:05 UTC ]
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Azumah Nelson and Nolan vie for Sunday Times Young Writer of the Year Award

The Sunday Times Charlotte Aitken Trust Young Writer of the Year Award shortlist has been revealed featuring Megan Nolan, Costa Prize-winning Caleb Azumah Nelson and Cal Flynn among others.     Continue reading at The Bookseller

[ The Bookseller | 2022-01-23 07:16:43 UTC ]
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The New York Times Announces Their Readers’ Pick for Best Book of the Past 125 Years

The New York Times Book Review marked their anniversary by asking readers to nominate the best book of the past 125 years. Here's the result. Continue reading at Book Riot

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Waterstones partners with Sunday Times Young Writer of the Year Award

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Kazuo Ishiguro: ‘Some awful things have happened in the last year . . . but these are not uninteresting times’

The Nobel Prize winner talks about the pandemic, his novel “Klara and the Sun,” fatherhood and more. Continue reading at The Washington Post

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‘The Double Life of Bob Dylan’ is the definitive account of a shape-shifting genius’s early years

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Hachette makes Times' Top 50 Employers for Women for second year

Hachette UK has been selected as one of the Times Top 50 Employers for Women for the second year running. Continue reading at The Bookseller

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New York Times's Book Review Podcast Celebrates 15 Years

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Marcus Rashford's book club couldn't come at a better time – children's reading is at a 15-year low

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UK and USA: Financial Times and McKinsey Announce a Business Book of the Year Shortlist

Eligible for books originally published in English or in translation, the FT-McKinsey program looks for work to 'stand the test of time.' The post UK and USA: Financial Times and McKinsey Announce a Business Book of the Year Shortlist appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-09-23 20:22:39 UTC ]
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The best new audiobooks include a 30-year-old novel that’s as timely as ever

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Black Bookstore Selling Out of Books For First Time in 30 Years: Critical Linking, June 14, 2020

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Studio Press acquires two 'important' early years series

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Kennedy shortlisted for Sunday Times Audible Short Story Award for consecutive year

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Madeleine L’Engle’s early short stories presage ‘A Wrinkle in Time’

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Madeleine L’Engle’s early short stories presage ‘A Wrinkle in Time’

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