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 ]
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Sebastian Barry has been named winner of the Costa Book of the Year for a second time for his novel Days Without End (Faber & Faber), following a unanimous decision by the judges. The book, which follows character Thomas McNulty, who has crossed the Atlantic to rebuild his life, was praised... Continue reading at The Bookseller
[ The Bookseller | 2017-02-01 00:00:00 UTC ]
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For the first time in the nearly 25-year history of the PW Bookstore of the Year Awards, a children’s only bookstore, Wild Rumpus in Minneapolis, was named one of five finalists. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-31 00:00:00 UTC ]
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This year’s bookstore finalists represent a broad range of independent bookstores, from across the country, both newer stores and long-established ones. The winner will be announced in March. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-30 00:00:00 UTC ]
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The LibScan top 20 may be the only year-end chart not to be conquered by Paula Hawkins, with male-authored crime fiction dominating the list. Continue reading at The Bookseller
[ The Bookseller | 2017-01-30 00:00:00 UTC ]
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J K Rowling’s original Harry Potter septet, vocalised by Stephen Fry, dominated the audio download chart in 2016, but their magic fell short of displacing Paula Hawkins’ pre-eminent psychological thriller. Continue reading at The Bookseller
[ The Bookseller | 2017-01-30 00:00:00 UTC ]
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The Library club on St Martin’s Lane was the chic venue for Icon Books’ celebration of “25 Years of Big Ideas”. Continue reading at The Bookseller
[ The Bookseller | 2017-01-27 00:00:00 UTC ]
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Another record year for the children’s sector in revenue terms, led by Middle Grade fiction from burgeoning brand David Walliams and dependable diarist Jeff Kinney, underpinned the print market’s continued growth in 2016 . Continue reading at The Bookseller
[ The Bookseller | 2017-01-27 00:00:00 UTC ]
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Publishers expressed dismay, confusion and surprise at the 'New York Times' decision to eliminate some bestseller lists. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-27 00:00:00 UTC ]
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Martha Stewart has always been on top of trends, often setting them herself. Before she became a social media star (and landed a show with Snoop Dogg) she was known as a pioneer in the print magazine business. Her publication, Martha Stewart Living, has been on stands for 26 years and it's... Continue reading at AdWeek
[ AdWeek | 2017-01-26 00:00:00 UTC ]
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As part of its effort to revamp its coverage of publishing, the 'New York Times' has eliminated a number of bestsellers lists, among them graphic novels/manga and mass market paperback lists. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-26 00:00:00 UTC ]
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Children aged 9-16 spend as much time reading online as reading print materials, although the number of young people reading books, comics and magazines drops in the teenage years, according to a new report. Continue reading at The Bookseller
[ The Bookseller | 2017-01-25 00:00:00 UTC ]
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Tom Kerridge’s Dopamine Diet (Absolute) has leapfrogged two Joe Wicks titles to claim the UK Official Top 50 number one spot, shifting 15,279 copies for £160,976. Continue reading at The Bookseller
[ The Bookseller | 2017-01-25 00:00:00 UTC ]
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As Time Inc. continues to pivot from being seen as a print magazine publisher to a digital media player, the company has acquired programmatic ad-tech company Adelphic. Adelphic will join Viant, a marketing company that Time Inc. acquired a year ago that uses first-party data and programmatic... Continue reading at AdWeek
[ AdWeek | 2017-01-24 00:00:00 UTC ]
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The top three ebooks in the seven days to 7th January held firm from the list covering the previous week, with Paula Hawkins’ The Girl on the Train steaming into its 16th week at the top; Lee Child’s Night School chalking up a fifth week in the runner-up position; and Jeffrey Archer’s This was a... Continue reading at The Bookseller
[ The Bookseller | 2017-01-24 00:00:00 UTC ]
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With eye-popping growth of 26.8% in 2016, Pan Macmillan usurped the Indie Alliance and staked its claim as a ‘Big Four’ publisher. Continue reading at The Bookseller
[ The Bookseller | 2017-01-20 00:00:00 UTC ]
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It was another year of digital contraction for the UK’s biggest publishers, who experienced a second consecutive year of declining ebook volumes in 2016. Continue reading at The Bookseller
[ The Bookseller | 2017-01-20 00:00:00 UTC ]
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In Poland, publishing stakeholders stay the need for protective regulation—liked fixed book prices—and IP protection are needed to curb declining book sales. The post A Cold Start to the Year for Poland’s Publishers: Waiting for Regulatory Help appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-01-19 00:00:00 UTC ]
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Indies are leading the shortlist for the Stanford Dolman Travel Book of the Year, with five of the six books vying for the £5,000 prize hailing from independent presses. Continue reading at The Bookseller
[ The Bookseller | 2017-01-18 00:00:00 UTC ]
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President Obama in the Oval Office during an interview with Michiko Kakutani on Friday. Continue reading at The New York Times
[ The New York Times | 2017-01-16 00:00:00 UTC ]
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Jo, Julia, Joe, Jason-and-Joel (and David) all sold more than £10m worth of print books in 2016, as the big names just kept on getting bigger. Continue reading at The Bookseller
[ The Bookseller | 2017-01-16 00:00:00 UTC ]
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