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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Vere departs News From Nowhere radical bookshop after 45 years

A steadfast member of the radical bookselling community is to retire after 45 years at Liverpool store News From Nowhere. Continue reading at The Bookseller

[ The Bookseller | 2021-08-10 05:23:08 UTC ]
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Jeffers book delayed after Suez Canal blockage

The latest picture book from illustrator Oliver Jeffers will hit bookshops later than planned this year because hardbacks are still at sea after the "Ever Given" ship became lodged in the Suez Canal in March. Continue reading at The Bookseller

[ The Bookseller | 2021-08-09 14:36:13 UTC ]
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HarperNorth acquires journalist Bright's 'timely' debut on regional equality

HarperNorth has acquired a book on regional inequality in the UK by journalist Sam Bright, chief politics and investigations reporter for Byline Times. Continue reading at The Bookseller

[ The Bookseller | 2021-08-09 10:36:32 UTC ]
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Internet Archive Seeking 10 Years of Publisher Sales Data for Its Fair Use Defense

In their filing August 9, IA lawyers insist the sales data is crucial to its fair use defense in a lawsuit filed last year, while the plaintiff publishers have balked at the extraordinary request. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-08-09 04:00:00 UTC ]
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The Binc Foundation: 25 Years of Supporting Booksellers

As it celebrates its 25th anniversary, the Book Industry Charitable Foundation has never had a bigger part to play in supporting booksellers and comics stores Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-08-06 04:00:00 UTC ]
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With Another Big Year, HarperCollins Sales Near $2 Billion

Sustained increases in book reading and book buying were the underlying factors in driving up sales by 19% and profits by 42% in HarperCollins's latest fiscal year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-08-06 04:00:00 UTC ]
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Ilex Press to publish Landscape Photographer of the Year title

Ilex Press will publish a book to accompany the Landscape Photographer of the Year competition, to showcase the winning and commended entries in each of the competition’s sections. Continue reading at The Bookseller

[ The Bookseller | 2021-07-31 15:20:44 UTC ]
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Reading Time Rose 21% in Second Half of 2020

The U.S. Department of Labor's American Time Use survey found that the time Americans spent reading daily increased 21% in the May-December period in 2020 over the comparable period in 2019, rising to 34 minutes per day. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-07-29 04:00:00 UTC ]
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Area man hangs on to dream, reopens bookstore after 25 years.

Well, this is kind of heartwarming. A full quarter-century after shuttering his old store in Bloomington, Indiana, Rick Morgenstern has opened what suddenly becomes the state’s largest independent bookstore. The reboot of the eponymous store has been in the works for years and is reopening in a... Continue reading at Literrary Hub

[ Literrary Hub | 2021-07-28 18:29:10 UTC ]
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The Children’s Bookstore set to close after 43 years in Baltimore

After four moves and 43 years as a hub for children’s books and visits by local and nationally renowned authors, The Children’s Bookstore is closing. Continue reading at Baltimore Sun

[ Baltimore Sun | 2021-07-23 20:26:06 UTC ]
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Print Book Sales Could Grow by 2% This Year—Or by 8%

In a presentation on July 21, NPD BookScan said that, based on current trends, unit sales of print books are likely to finish 2021 with a gain over 2020. How high that gain will be depends on several factors, including the future course of the pandemic. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-07-22 04:00:00 UTC ]
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Kelly Ripa's First Book, 'Live Wire,' Is Coming Next Year

The essay collection will show what “really makes her tick” as she writes about marriage, motherhood and her career in show business. Continue reading at The Huffington Post

[ The Huffington Post | 2021-07-20 13:34:18 UTC ]
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Nicholas Kristof, Times Columnist, Weighs Bid for Oregon Governor

Mr. Kristof, a two-time Pulitzer Prize winner known for his coverage of human rights abuses and women’s rights, said friends were trying to recruit him into the race to replace Gov. Kate Brown, a Democrat. Continue reading at The New York Times

[ The New York Times | 2021-07-19 17:22:47 UTC ]
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Lauren Child | 'It felt like a time to write about what we wish for'

Lauren Child's latest story focuses on Christmas in a Clarice Bean story that is full of empathy and hope Continue reading at The Bookseller

[ The Bookseller | 2021-07-17 02:08:43 UTC ]
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Print Unit Sales Fell in Early July

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[ Publishers Weekly | 2021-07-16 04:00:00 UTC ]
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Time for tea

I am a regular reader of @PublishingTea. This is a pastime I share with many others. Continue reading at The Bookseller

[ The Bookseller | 2021-07-16 02:15:14 UTC ]
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Former Trump officials share alarming inside accounts of his final year in office

They offer vivid details, and try to save their reputations, in a new book by Post reporters. Continue reading at The Washington Post

[ The Washington Post | 2021-07-15 08:42:00 UTC ]
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Ruth Ozeki | 'As an artist I have relationships with fictional voices all the time'

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[ The Bookseller | 2021-07-09 19:27:08 UTC ]
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Choi wins £30k Sunday Times Audible Short Story Award

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[ The Bookseller | 2021-07-09 16:07:00 UTC ]
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