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: #media companies #entertainment businesses #tv stations #tv studio

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PW Notables Of the Year: Geoff Kloske

No publishing imprint had the kind of commercial and critical success in 2015 that Riverhead Books did. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-12-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #pw notables #publishing imprint #riverhead books


Time Inc. Partners with GumGum to Overlay Ads on Images

In-image advertising will arrive across the publisher's digital portfolio. The post Time Inc. Partners with GumGum to Overlay Ads on Images appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2015-12-04 00:00:00 UTC ]
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Girl on Train named WHS 'Book of the Year'

The Girl on the Train by Paula Hawkins (Doubleday) has been named as the WH Smith ‘Book of the Year’. Continue reading at The Bookseller

[ The Bookseller | 2015-12-04 00:00:00 UTC ]
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PW Notables Of the Year: Chris Jackson

It’s hard to point to an editor that has had a better run than Spiegel & Grau’s Chris Jackson. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-12-04 00:00:00 UTC ]
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Children's 'elegant fable' wins Waterstones Book of the Year

Children’s book The Fox and the Star by aPenguin cover designer Coralie Bickford-Smith has beaten Harper Lee and Paula Hawkins to be crowned The Waterstones Book of the Year 2015. Continue reading at The Bookseller

[ The Bookseller | 2015-12-01 00:00:00 UTC ]
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HarperCollins Struggles with Shipping Delays in Canada

During the first holiday shopping season without its Toronto-area warehouse, HarperCollins has been struggling to get shipments to Canadian booksellers in a timely manner, causing frustration and impacting sales. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-12-01 00:00:00 UTC ]
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Bone Broth Redux: New Cookbooks Keep Last Year’s Craze Simmering

If this season’s cookbook shelf is any indication, bone broth—last winter’s superfood supreme—is here to stay. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-12-01 00:00:00 UTC ]
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'Once Upon a Time' recap: Captain Hook enters a dark place in 'Broken Heart'

Memories being returned and love being rekindled (or not) were the draw for Oncers in the "Broken Heart" episode of "Once Upon a Time," but it may not have brought clarity and it definitely opened up cans of worms for the rest of the season. As we begin, Dark Emma Swan still can't move. Squid... Continue reading at Los Angeles Times

[ Los Angeles Times | 2015-12-01 00:00:00 UTC ]
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US journalist's account of time in West Bank to Granta

Granta Books has acquired US journalist Ben Ehrenreich's The Way to the Spring: Life and Death in Palestine, the story of his time in the West Bank. Continue reading at The Bookseller

[ The Bookseller | 2015-11-28 00:00:00 UTC ]
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Michel Faber wins Saltire Book of the Year

Michel Faber has won the 2015 Saltire Book of the Year award for The Book of Strange New Things (Hogarth). Continue reading at The Bookseller

[ The Bookseller | 2015-11-27 00:00:00 UTC ]
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Enright wins Irish novel of the year award

Anne Enright has won the Irish novel of the year award at the Bord Gáis Energy Irish Book Awards 2015, during a ceremony which also saw prizes given to J P Donleavy, Louise O’Neill, Eoin Colfer and Niall Breslin. Continue reading at The Bookseller

[ The Bookseller | 2015-11-27 00:00:00 UTC ]
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In the age of Corbyn, is the time right for another Road to Wigan Pier?

It’s no surprise that the Left Book Club is being relaunched now, with the imprimatur of the Labour leader and Ken Livingstone. It began in the anxious 1930s, a decade that has all too many parallels with the current oneAiming to “set the agenda for a new age of political debate”, the Left Book... Continue reading at The Guardian

[ The Guardian | 2015-11-21 00:00:00 UTC ]
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Time Inc UK to move dozens of titles out of London in restructuring

Publisher of Marie Claire and NME to announce major changes that will involve 300 staff being relocated The publisher of Marie Claire and NME is set to announce a major restructure of its UK business that will see 30 titles and brands and 300 staff relocated outside London.Time Inc UK owns more... Continue reading at The Guardian

[ The Guardian | 2015-11-18 00:00:00 UTC ]
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Waterstones reveals 'richly diverse' Book of the Year shortlist

The shortlist for the Waterstones Book of the Year 2015 has been revealed, featuring a list that would  "not have been produced by an algorithm,” the chain's m.d. James Daunt has said. The eight-strong selection nominated by Waterstones booksellers across the UK encompasses four novels, three... Continue reading at The Bookseller

[ The Bookseller | 2015-11-13 00:00:00 UTC ]
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Henning Mankell's 'memoir of sorts' due out next year

Quicksand, to be published in February 2016, comprises a series of autobiographical essays ‘about what it means to be human’A “memoir of sorts” by Henning Mankell, which the late author said was “not a book about death and destruction but about what it means to be human”, will be published next... Continue reading at The Guardian

[ The Guardian | 2015-11-11 00:00:00 UTC ]
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40-year-old Browsers Bookshop up for sale

Browsers Book Shop in Woodbridge, Suffolk is up for sale, after bookseller and owner Martin Whitaker, 57, has decided to retire after 10 years at the store’s helm. Continue reading at The Bookseller

[ The Bookseller | 2015-11-11 00:00:00 UTC ]
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Saltire Publisher of the Year shortlist unveiled

The 2015 Saltire Publisher of the Year shortlist has been revealed, featuring two past winners and three Edinburgh-based publishing houses. Continue reading at The Bookseller

[ The Bookseller | 2015-11-10 00:00:00 UTC ]
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Counterpoint Press Marks 20 Years

Many things have changed in the two-decade life of independent publisher Counterpoint Press. Its mission, however, hasn't: "Publish books that matter." Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-11-06 00:00:00 UTC ]
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Libby McGuire to Leave Random House at Year's End

Libby McGuire will be stepping down as executive v-p and publisher of Ballantine Bantam Dell at the end of the year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-11-05 00:00:00 UTC ]
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'Banned' Judge Dredd satire to be reprinted for first time

Previously unpublished episodes of the comic book series Judge Dredd from the late 1970s, part of the 2000 AD anthology, are going to be reprinted for the first time by Rebellion Publishing following a change in the law. Continue reading at The Bookseller

[ The Bookseller | 2015-11-05 00:00:00 UTC ]
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