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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Incest story by Pinocchio author published in English for the first time

Carlo Collodi’s version of Donkey Skin, by French author Charles Perrault, will appear in a new collection of Italian fairytalesCarlo Collodi is remembered today for Pinocchio, his 1881 children’s story about a puppet who turns into a real boy, immortalised on screen by Disney. Now another... Continue reading at The Guardian

[ The Guardian | 2021-10-01 13:46:15 UTC ]
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After 125 Years, Hearst Brand House Beautiful Launches Its First Podcast

When it comes to haunted houses, House Beautiful thinks the ghosts have gotten all the attention. To compensate, on Wednesday the Hearst title launched the first podcast in its 125-year history, a free, five-episode product called Dark House, which will explore the stories and architecture... Continue reading at AdWeek

[ AdWeek | 2021-10-01 12:00:00 UTC ]
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Canada’s Guest of Honour time finally comes

The team behind the Canadian Guest of Honour programme at the Frankfurt Book Fair has had to be patient and nimble, but the nation’s time in the spotlight is finally upon us. Continue reading at The Bookseller

[ The Bookseller | 2021-09-30 21:51:47 UTC ]
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When the Times Book Review Panned the Classics

Some of today’s best-loved books — think “Catch-22,” “Tender Is the Night” and even “Anne of Green Gables” — had a rocky reception in our pages. Continue reading at The New York Times

[ The New York Times | 2021-09-29 09:00:26 UTC ]
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How To Celebrate Latinx Heritage With Your Kids All Year Round

Take the conversation beyond Latinx Heritage Month and beyond the classroom. Continue reading at The Huffington Post

[ The Huffington Post | 2021-09-27 22:25:43 UTC ]
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This year’s National Book Awards ceremony will be online-only after all.

In July, the National Book Foundation announced that the 2021  National Book Awards Ceremony would be held in person, with proof of vaccination required for guests. Now, due to ongoing uncertainty related to the coronavirus, the ceremony has been moved back online. “Although we were cautiously... Continue reading at Literrary Hub

[ Literrary Hub | 2021-09-24 14:33:59 UTC ]
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The 2021 Business Book of the Year Award Announces a Shortlist

Issue-driven nonfiction brings cultural and science topics into the business context in the 16th Business Book of the Year Award shortlist. The post The 2021 Business Book of the Year Award Announces a Shortlist appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-09-24 14:26:05 UTC ]
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For American Agents, It’s Another Year of Managing the Frankfurt Book Fair from Home

For American agents, the 2021 Frankfurt Book Fair brings another year of hoping, and waiting, for the real thing. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-09-24 04:00:00 UTC ]
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Holly Smale | 'Change happens one story at a time, reminding the world what autism is from the inside'

Holly Smale, bestselling author of the Geek Girl series, discusses how autistic characters, and authors, should no longer be seen as ‘niche’ Continue reading at The Bookseller

[ The Bookseller | 2021-09-23 18:27:19 UTC ]
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'At long last, Idunit!' Wole Soyinka on his first novel in nearly 50 years

The Nigerian writer, the first sub-Saharan winner of the Nobel Prize, discusses 'Chronicles from the Land of the Happiest People on Earth.' Continue reading at Los Angeles Times

[ Los Angeles Times | 2021-09-23 13:00:36 UTC ]
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T.C. Boyle captures the intersection of folly and progress. This time, it’s the ill-fated Project Nim.

‘Talk to Me,’ by T.C. Boyle, was inspired by a 1970s experiment in which researchers tried to teach a young chimpanzee American Sign Language. Continue reading at The Washington Post

[ The Washington Post | 2021-09-20 12:00:00 UTC ]
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Quercus looks to its future after pandemic-delayed anniversary

M.d. Jon Butler, who this week unveiled a rebrand of the imprint to mark its 15th anniversary, reveals why it is embracing both leftfield titles and the A-list this autumn Continue reading at The Bookseller

[ The Bookseller | 2021-09-17 23:30:15 UTC ]
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Begum reflects on Lit in Colour’s first year as initiative looks to push systemic change

Launched a year ago in a collaboration between Penguin Random House and The Runnymede Trust, Lit in Colour seeks to make the books taught in classrooms more representative of modern life in Britain Continue reading at The Bookseller

[ The Bookseller | 2021-09-17 18:08:18 UTC ]
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Quercus looks to its future after pandemic-delayed anniversary

M.d. Jon Butler, who this week unveiled a rebrand of the imprint to mark its 15th anniversary, reveals why Quercus is embracing both leftfield titles and the A-list this autumn. Continue reading at The Bookseller

[ The Bookseller | 2021-09-17 11:45:35 UTC ]
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Nick Cave to publish book about the years after his son’s death

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[ The Guardian | 2021-09-17 08:54:05 UTC ]
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Beijing International Book Fair Now Open, After COVID-19 Delay

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[ Publishing Perspectives | 2021-09-15 17:29:36 UTC ]
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What is the role of art in times of turmoil? ‘A Play for the End of the World’ offers no easy answers.

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[ The Washington Post | 2021-09-14 13:00:00 UTC ]
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After 22 Years, Gayl Jones Returns

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[ The New York Times | 2021-09-14 09:00:08 UTC ]
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Caldwell shortlisted for BBC National Short Story Award for third time

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[ The Bookseller | 2021-09-10 09:37:40 UTC ]
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