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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Melissa Lee-Houghton's Costa Award shortlisted collection Sunshine (Penned in the Margins) has been named one of The Poetry School's 2016 Books of the Year, alongside four titles each from Picador and Sheffield-based publisher and writer development agency The Poetry Business. Continue reading at The Bookseller
[ The Bookseller | 2016-12-23 00:00:00 UTC ]
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It was a busy year for digital media companies. New features like Facebook Live and Instagram Stories introduced publishers to new content formats and the potential to reach massive audiences. On the flip side, platforms’ priorities constantly seemed to be shifting, which often led to dramatic... Continue reading at Digiday
[ Digiday | 2016-12-22 00:00:00 UTC ]
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Publishers’ first messenger bots primarily served to send out the day’s news, but some are branching out. BuzzFeed and Time Inc. have both launched holiday gift guide bots on Facebook Messenger. For Time Inc., it's a way to see if there's an appetite for its vast library of lifestyle content on... Continue reading at Digiday
[ Digiday | 2016-12-21 00:00:00 UTC ]
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It seems like every new year brings the same old batch of resolutions: lose weight, join a gym, organize that closet once and for all. But according to consumer research firm Nielsen, there’s another self-improvement pledge that’s nearly as popular as fitness: “Enjoy life to the fullest.”That... Continue reading at PC World
[ PC World | 2016-12-21 00:00:00 UTC ]
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Authors and publishers condemn push to repeal parallel import restrictions and say there will be fewer Australian titlesThe federal government should move to make books cheaper in the next year and save Australians about $25m annually, the Productivity Commission believes, but the move is... Continue reading at The Guardian
[ The Guardian | 2016-12-20 00:00:00 UTC ]
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Maydo Kooy Literary Agency is taking over from the Jan Michael Literary Agency, following the decision of agent Jan Michael to retire after 40 years in the business. Continue reading at The Bookseller
[ The Bookseller | 2016-12-20 00:00:00 UTC ]
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It's a challenging time for magazine publishers, right? Of course, because it's a challenging time for anyone in the business of creating content and attracting audiences -- even (or especially) pure-play digital companies.The truth is, there are countless Silicon Valley startups, propped up by... Continue reading at Advertising Age
[ Advertising Age | 2016-12-19 00:00:00 UTC ]
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For those upset after hearing Google senior vice president Hiroshi Lockheimer dispel the long-circulated rumors that the two operating systems would one day merge, there may be a sliver of hope that doesn't involve Google.Lenovo's Yoga Book is a 2-in-1 tablet/laptop hybrid that runs either... Continue reading at PC World
[ PC World | 2016-12-19 00:00:00 UTC ]
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Led by Bruce Springsteen's bestselling 'Born to Run,' S&S CEO Carolyn Reidy reports a profitable year at S&S and a "period of relative stability in the publishing marketplace.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-12-19 00:00:00 UTC ]
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Hubert Burda needs consent from BBC Worldwide before it can acquire publisher of Top Gear magazine and other titlesThe Radio Times is poised to go into foreign ownership, as German publisher Hubert Burda finalises a deal to buy its parent company.Immediate Media, which struck a £121m deal with... Continue reading at The Guardian
[ The Guardian | 2016-12-19 00:00:00 UTC ]
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James Patterson's first three Alex Cross detective novels are being released in e-format for the first time by Arrow. Continue reading at The Bookseller
[ The Bookseller | 2016-12-17 00:00:00 UTC ]
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When Lisa Lucas, the new executive director of the National Book Foundation, climbed on the podium at the National Book Awards ceremony in November, her presence and her remarks marked a change at the NBF. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-12-16 00:00:00 UTC ]
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Following record revenue of over $182 million in 2015, Quarto posted an 8% sales increase in the first half of 2016 over the comparable period of 2015, and CEO Marcus Leaver is hopeful that the publisher will have a fourth straight year of sales increases in 2016. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-12-16 00:00:00 UTC ]
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In the Slate Plus bonus segment of Wednesday’s edition of the Culture Gabfest, host Stephen Metcalf chats with Dana Stevens and Laura Miller about their top 10 favorite books and films of 2016. Continue reading at Slate
[ Slate | 2016-12-16 00:00:00 UTC ]
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Rupi Kaur, a Canadian poet, writer, and spoken-word artist, may only be 24 years old, with only one book published to date. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-12-16 00:00:00 UTC ]
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Watching attacks against free speech mount in the Western Hemisphere, Suzanne Nossel will not sit idly by. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-12-16 00:00:00 UTC ]
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On October 21, just weeks after she was sworn in as the nation’s 14th librarian of Congress, Carla Hayden stunned observers by removing register of copyrights Maria Pallante. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-12-16 00:00:00 UTC ]
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In recognition of her determination, creativity, and energy in making Sourcebooks one of the country’s leading independent publishers, Dominique Raccah is PW’s Person of the Year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-12-16 00:00:00 UTC ]
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English PEN has reported a deficit of close to £90,00 in its annual report for the year ending 31st March 2016, describing it as "a challenging year". Continue reading at The Bookseller
[ The Bookseller | 2016-12-16 00:00:00 UTC ]
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Author, historian and broadcaster Professor Kate Williams has been selected to chair the nine-member judging panel that selects the overall winner of the 2016 Costa Book of the Year. Continue reading at The Bookseller
[ The Bookseller | 2016-12-15 00:00:00 UTC ]
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