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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A Year in Reading: Adam O’Fallon Price

I’m not sure The Black Prince is my favorite book of all time, but it might be the most indelible, the most neuron-rewiring. The post A Year in Reading: Adam O’Fallon Price appeared first on The Millions. Continue reading at The Millions

[ The Millions | 2021-12-04 11:00:03 UTC ]
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And the Oddest Book Title of the Year goes to . . .

Roy Schwartz’s Is Superman Circumcised?, a look at Superman’s Jewish influences, has won U.K.-based Bookseller/Diagram Prize for Oddest Title of the Year, beating out The Life Cycle of Russian Things: From Fish Guts to Fabergé for the honor. Is Superman Circumcised? won in a landslide, taking... Continue reading at Literrary Hub

[ Literrary Hub | 2021-12-03 18:03:46 UTC ]
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The year that was

The m.d. of the Booksellers Association pays tribute to its members and the shop-floor staff who have ensured bookshops remain central to high streets.   Continue reading at The Bookseller

[ The Bookseller | 2021-12-03 07:18:45 UTC ]
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‘Lens of the West Coast’: Inside the L.A. Times’ new head of audio’s plan to focus the publisher’s podcasts

Aguilera wants people to one day associate the newspaper publisher with its podcasts and their West Coast "vibe and tone." But first, she is tasked with growing the L.A. Times' daily news show "The Times." The post ‘Lens of the West Coast’: Inside the L.A. Times’ new head of audio’s plan to... Continue reading at Digiday

[ Digiday | 2021-12-03 05:01:00 UTC ]
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Debut novel by ‘Russian Proust’ to be published in English for the first time

The translation of Deceit by ‘groundbreaking’ author Yuri Felsen, who died in Auschwitz in 1943, is set to come out next MayThe debut novel by Yuri Felsen, an author once regarded as the “Russian Proust” whose work has been forgotten since he died in Auschwitz in 1943, is set to be published in... Continue reading at The Guardian

[ The Guardian | 2021-12-01 14:12:48 UTC ]
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Book Returned To Idaho Library 110 Years Past Due Date

If the Boise Public Library were still enforcing the late fee printed in the book, it would have racked up more than $800 in fines. Continue reading at The Huffington Post

[ The Huffington Post | 2021-11-27 19:13:28 UTC ]
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Ramsey seeks to sculpt post-pandemic plan for Edinburgh after ‘whirlwind’ time

After 26 years at Edinburgh University Press, Nicola Ramsey was named its interim c.e.o. five months ago, and has wasted no time looking to the future. Continue reading at The Bookseller

[ The Bookseller | 2021-11-27 02:50:31 UTC ]
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University presses report robust year despite challenges of the pandemic

University presses have had to adapt to the challenges brought on by Covid-19 and delays in the supply chain but many are making the most of new opportunities.     Continue reading at The Bookseller

[ The Bookseller | 2021-11-26 19:13:57 UTC ]
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After 200,000 years, we’re still trying to figure out what humanity is all about

In “The Dawn of Everything,” two scientists set out to discover where inequality began Continue reading at The Washington Post

[ The Washington Post | 2021-11-26 13:00:00 UTC ]
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Amazon loses physical retail VP after 14 years with the company

Cameron Janes, an Amazon veteran who has overseen Prime Video, retail and Kindle ventures left the company earlier this week. Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2021-11-24 22:24:32 UTC ]
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Trump Is Publishing a Photo Book of His Time in Office

“Our Journey Together” includes more than 300 photographs, along with captions written by the former president. Continue reading at The New York Times

[ The New York Times | 2021-11-20 00:37:09 UTC ]
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Amazon's Kindle drops to an all-time low of $50 ahead of Black Friday

As ever, Amazon is discounting many of its products for the Black Friday shopping period. Like many other companies, Amazon is getting out of the gate a little early with deals on Kindles. The standard Kindle is down from $90 to $50, which is the lowest price we've seen for the e-reader. Back in... Continue reading at Engadget

[ Engadget | 2021-11-19 09:00:22 UTC ]
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Barnes & Noble Names Their 2021 Book of the Year

Barnes & Noble names their Book of the Year and a Speculative Book of the Year. Continue reading at Book Riot

[ Book Riot | 2021-11-18 14:57:13 UTC ]
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Cambridge Dictionary crowns 'perseverance’ as 2021 word of the year

Cambridge Dictionary has announced "perseverance" as its Word of the Year 2021, after a spike of searches as NASA’s Perseverance Rover made its final descent to Mars in February.  Continue reading at The Bookseller

[ The Bookseller | 2021-11-17 09:39:04 UTC ]
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‘America’s Librarian’ knows why people turn to libraries in times of need

Nancy Pearl, possibly America’s best-known librarian and recommender of books, shares her thoughts on choosing what to read, and when to stop reading. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2021-11-16 23:20:31 UTC ]
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Cast of Harry Potter will reunite in special after 20 years — but no mention of J.K. Rowling

Harry Potter stars Daniel Radcliffe, Emma Watson and Rupert Grint are reuniting with other cast members from the blockbuster film franchise for a special 20th anniversary TV retrospective, movie studio Warner Bros. said on Tuesday. Continue reading at CBC

[ CBC | 2021-11-16 22:10:32 UTC ]
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How Elizabeth Hardwick Spent Her “Starving Artist” Years in the Big City

In September 1939, Elizabeth Hardwick took a Greyhound bus to New York to pursue a doctorate in 17th-​century English literature at Columbia University. A few years earlier she had visited the city with two high school friends, staying at the Hotel Taft in Times Square. The women’s accents had... Continue reading at Literrary Hub

[ Literrary Hub | 2021-11-16 09:55:56 UTC ]
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Amazon Names 'The Lincoln Highway' Best Book of Year

'The Lincoln Highway' by Amor Towles (Viking) was named the Best Book of the Year by Amazon Books editors. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-11-16 05:00:00 UTC ]
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Goth-rock queen PJ Harvey is publishing a book-length narrative poem that took six years to write.

PJ Harvey is trying her hand at poetry again. In April 2022, Picador Poetry in the UK will publish the hardcover edition of Orlam, Harvey’s book-length narrative poem. A special collector’s edition featuring the musician’s original artwork will follow in October 2022. The long-form poem, which... Continue reading at Literrary Hub

[ Literrary Hub | 2021-11-12 18:12:55 UTC ]
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PS5 vs. Xbox Series X: How They Compare 1 Year Later

Sony and Microsoft have had a year to address supply shortages and improve game libraries for their new consoles. Here's how they stack up. Continue reading at Wired

[ Wired | 2021-11-12 12:00:00 UTC ]
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