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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White House Historical Association Marks 60 Years of Publishing

This year, 'The White House: An Historic Guide,' coedited by first lady Jacqueline Kennedy, celebrates its 60th year in print and, with it, the WHHA’s 60th year in publishing. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-04-29 04:00:00 UTC ]
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An author investigates the disappearance of an early movie luminary

Louis Le Prince, arguably the creator of the first motion picture, disappeared in 1890. What happened? Continue reading at The Washington Post

[ The Washington Post | 2022-04-27 11:00:43 UTC ]
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3 great new audiobooks for your walk, commute or chill-out time

This month’s picks: ‘Mecca,' by Susan Straight, ‘Funny Farm,’ by Laurie Zaleski and SJ Bennett’s ‘All the Queen’s Men’ Continue reading at The Washington Post

[ The Washington Post | 2022-04-25 11:00:29 UTC ]
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L.A. Times Book Festival: Janelle Monáe feels like she's living her 'second Earth life'

Janelle Monáe was joined by Times columnist Erika D. Smith to discuss her book 'The Memory Librarian' on Saturday at the L.A. Times Book Festival. Continue reading at Los Angeles Times

[ Los Angeles Times | 2022-04-24 17:01:01 UTC ]
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Rep. Adam Schiff, Véronique Tadjo and Paul Auster among winners of the L.A. Times Book Prizes

After a few years of virtual ceremonies, the 42nd Los Angeles Times Book Prizes was held in person Friday at USC, kicking off the Festival of Books. Continue reading at Los Angeles Times

[ Los Angeles Times | 2022-04-23 04:25:08 UTC ]
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Neo-Romanticism fell out of fashion. It’s time for another look.

"Theatres of Melancholy," by Patrick Mauriès, presents an alternative history of modern art which makes the case for the importance of a loosely aligned group of painters termed the Neo-Romantics. Continue reading at The Washington Post

[ The Washington Post | 2022-04-19 12:00:00 UTC ]
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Very Short Stories to Devour in Record Time

Very short stories–also known as flash fiction, micro fiction, drabbles, and the like–are a delightful form of fiction. Start with these. Continue reading at Book Riot

[ Book Riot | 2022-04-19 10:34:00 UTC ]
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One Hundred Years and Counting: Spotlight on Walter Foster

After a century of success and growth—and on PW’s 150th anniversary—the imprint looks to the future by leveraging the latest technology and remaining true to its origin. (Sponsored) Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-04-19 04:00:00 UTC ]
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HBO Max exec admits to the app’s early flaws

Viewers have long complained about the early HBO Max app’s tendency to crash, and its lack of discoverability features. There have been a number of overhauls and fixes since then. Now we know why. Turns out that HBO Max launched its apps before they were ready in order to keep up with its... Continue reading at Engadget

[ Engadget | 2022-04-14 23:32:58 UTC ]
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The winner of this year’s Story Prize is Brandon Taylor’s Filthy Animals.

Tonight, The Story Prize announced that the 2021 winner is Brandon Taylor for Filthy Animals. The Story Prize’s $20,000 top prize is among the largest first-prize amounts of any annual U.S. book award for fiction. Now in it’s 18th year, The Story Prize annually honors the author of an... Continue reading at Literrary Hub

[ Literrary Hub | 2022-04-14 01:11:02 UTC ]
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The National Book Foundation has announced this year’s 5 Under 35.

The National Book Foundation has released its annual list of the “5 Under 35,” a group of five fiction writers under the age of 35 “whose debut work promises to leave a lasting impression on the literary landscape.” Each winner was chosen by a judge who has won a National Book Award, been... Continue reading at Literrary Hub

[ Literrary Hub | 2022-04-13 15:03:17 UTC ]
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What will we be reading next year? Five biggest trends from the London book fair

The publishing jamboree was finally back after a two year break with clues of what we can expect in bookshops once all the deals are signedAfter two years off because of the Covid-19 pandemic, the London book fair, one of the biggest international literary events, returned in full force last... Continue reading at The Guardian

[ The Guardian | 2022-04-13 12:56:37 UTC ]
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The 100-year-old story of South Africa's first history book in the isiZulu language

Magema Fuze’s book was a radical act of publishing. It contained histories of chiefdoms and kingdoms - from the Zulu to the Ngcobo. Continue reading at The Conversation

[ The Conversation | 2022-04-07 14:10:22 UTC ]
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The Best Short Stories of All Time

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[ Book Riot | 2022-04-05 10:32:00 UTC ]
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PRH Had a Record Year in 2021

Revenue at Penguin Random House increased 6% in 2021 over 2020, to €4.0 billion, and earnings rose 9.2%, to €755 million. Sales at PRH US topped $2.5 billion. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-03-31 04:00:00 UTC ]
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I like unusual books. Here’s what I’d read — if I had time.

If I could, I’d delve into undeservedly forgotten novels, works of intellectual history and biography -- and so much more Continue reading at The Washington Post

[ The Washington Post | 2022-03-30 16:51:25 UTC ]
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London Book Fair: This Year, a Main Stage in Pillar Hall

Headliners Ben Okri and Louise Moore are to give keynote addresses on London Book Fair’s new Main Stage. The post London Book Fair: This Year, a Main Stage in Pillar Hall appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-03-28 12:47:19 UTC ]
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Amazon's Kindle sale brings the Paperwhite back to an all-time low

Amazon's latest Kindle Paperwhite is one of the nicest (and newest) e-readers out there, and you can now pick one up at an all-time low. It's on sale for just $105, for a savings of $35 (25 percent) off the regular $140 price. You'll also find deals on the regular Kindle with a built-in front... Continue reading at Engadget

[ Engadget | 2022-03-22 10:35:35 UTC ]
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Celebrating 75 Years: Close-up Globe Pequot

Globe Pequot publisher Judith Schnell spoke to PW about the company’s longevity, what’s new across the company’s numerous imprints, and how Globe is celebrating its 75th. (Sponsored) Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-03-22 04:00:00 UTC ]
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Bologna 2022: Publisher of the Year Winners

The Bologna Children's Book Fair announced the winners of its 10th annual BOP – Bologna Prize for the Best Children's Publishers of the Year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-03-22 04:00:00 UTC ]
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