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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Real-Time Advertising Bidding Offers Publisher Control

As publishers attempt to make online advertising a profitable and engaging business model, real time bidding on Web inventory by prospective clients is becoming more prevalent. Conde Nast launched a private Web ad exchange with AdMeld for select clients in late 2011, and now smaller publishers... Continue reading at Folio Magazine

[ Folio Magazine | 2012-02-23 00:00:00 UTC ]
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Athill, Donoghue on Sunday Times story longlist

A story told through the texts of two lovers is up against tales written by bestselling authors... Continue reading at The Bookseller

[ The Bookseller | 2012-02-20 00:00:00 UTC ]
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Eventful Year For NBN

In December 2010, National Book Network CEO Jed Lyons made the decision to cut back on the number of distribution clients NBN represented while also realigning its sales and marketing teams. The changes led to the departure of some NBN executives including NBN president Rich Freese, who moved to... Continue reading at Publishers Weekly

[ Publishers Weekly | 2012-02-13 00:00:00 UTC ]
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Sherborne's Booklore closes after 35 years

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[ The Bookseller | 2012-02-07 00:00:00 UTC ]
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Is the Time Right for Bundling?

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[ Publishers Weekly | 2012-02-03 00:00:00 UTC ]
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BBC Books in two-year deal with "The Voice"

BBC Books has signed a two-year publishing deal with the BBC's upcoming talent show "The... Continue reading at The Bookseller

[ The Bookseller | 2012-02-02 00:00:00 UTC ]
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Apple's iTunes education gamble is about building loyal consumers early

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[ Betanews | 2012-01-20 00:00:00 UTC ]
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Pearson reports 'competitive' year

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[ The Bookseller | 2012-01-19 00:00:00 UTC ]
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Viking: early book sales ‘promising’

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[ The Bookseller | 2012-01-17 00:00:00 UTC ]
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Mirror launches year-long reading campaign

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[ The Bookseller | 2012-01-16 00:00:00 UTC ]
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Hitchens memoir delayed to September

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[ The Bookseller | 2012-01-16 00:00:00 UTC ]
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The New York Times, The Daily and New Yorker Top Performing Titles on Apple’s Newsstand

In 2011, one phrase defined the magazine industry: digital editions. Whether publishers were deciding to take the leap into digitizing their publications, or deciding on what app to develop next, digital was top of mind for publishers of all kinds. Continue reading at Folio Magazine

[ Folio Magazine | 2012-01-13 00:00:00 UTC ]
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Needed: Bookseller/Rep Of the Year

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[ Publishers Weekly | 2012-01-13 00:00:00 UTC ]
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[ Publishers Weekly | 2012-01-13 00:00:00 UTC ]
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News Corp. for First Time Details Tabloid Bribe for Story on Child Killer

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[ Editor & Publisher | 2012-01-12 00:00:00 UTC ]
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[ The Bookseller | 2012-01-03 00:00:00 UTC ]
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[ The Bookseller | 2012-01-03 00:00:00 UTC ]
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Strong Finish to a Tough Year

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[ Publishers Weekly | 2011-12-30 00:00:00 UTC ]
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