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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Amazon, Publishers Seek to Delay Discovery in E-book Price-Fixing Case

In a filing this week, Amazon and the Big Five publishers said the plaintiffs' claims of an e-book price-fixing conspiracy are "implausible." Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-07-07 04:00:00 UTC ]
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The shortlist for this year’s Arthur C. Clarke Award is all debuts.

The Arthur C. Clarke Award, which recognizes the best science fiction novel first published in the United Kingdom during the previous year, has released their 2021 shortlist—and for the first time in the award’s 35-year history, the shortlist is entirely made up of debut novels. “As we announce... Continue reading at Literrary Hub

[ Literrary Hub | 2021-06-30 16:03:59 UTC ]
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Bloomsbury lands 'heart-racing' account of Trump's last year in office

Bloomsbury is to publish I Alone Can Fix It, a behind-the-scenes account of former US President Donald Trump’s final year in office, by Carol Leonnig and Philip Rucker. Continue reading at The Bookseller

[ The Bookseller | 2021-06-24 12:07:21 UTC ]
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Jones departs Gardners after 27 years

Gardners business development manager Roy Jones is retiring after 27 years at the company.  Continue reading at The Bookseller

[ The Bookseller | 2021-06-24 10:36:38 UTC ]
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Fifty Years Later, a New Novel Emerges

The winner of the 1986 Nobel Prize for Literature, Soyinka is coming out with his first novel in almost 50 years, Chronicles from the Land of the Happiest People on Earth. The post Fifty Years Later, a New Novel Emerges appeared first on The Millions. Continue reading at The Millions

[ The Millions | 2021-06-24 09:59:45 UTC ]
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Stephen McGann delivers 10-year celebration of Call the Midwife for W&N

Weidenfeld & Nicolson has signed Call the Midwife — A Labour of Love: Ten Years of Love, Life and Laughter by actor Stephen McGann, an anniversary book celebrating 10 years of BBC One's hit drama.  Continue reading at The Bookseller

[ The Bookseller | 2021-06-21 07:55:38 UTC ]
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Books in the Media: Galgut's latest promises to be 'one of the best novels of the year'

Damon Galgut's The Promise (Chatto & Windus) came out on top in this week's reviews, with the twice Booker-shortlisted author picking up nods from the Guardian, Times and New York Times.  Continue reading at The Bookseller

[ The Bookseller | 2021-06-20 22:03:08 UTC ]
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W&N delays Cohen's The History Makers by nine months

Weidenfeld & Nicolson has pushed back the publication of Richard Cohen’s The History Makers for nine months, days before its UK publication, following concerns by its US publisher it did not include enough Black perspectives.  Continue reading at The Bookseller

[ The Bookseller | 2021-06-20 15:28:22 UTC ]
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Publication delayed of epic history book amended after being called ‘too white’

Richard Cohen’s work, revised after criticism of its viewpoint, will not be published this week after a new row over its titleBilled as an “epic exploration of who writes about the past”, The History Makers was due out this Friday before being serialised on Radio 4 in the UK. But publication has... Continue reading at The Guardian

[ The Guardian | 2021-06-19 18:20:01 UTC ]
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Nielsen to Release Monthly Snapshot of Total TV Time

Nielsen's ongoing quest to measure the fast-changing television landscape will now include a monthly snapshot into how consumers around the country are spending their TV screen time. A new monthly graphic, which Nielsen is calling The Gauge, will offer a window into total TV time, including both... Continue reading at AdWeek

[ AdWeek | 2021-06-17 21:56:31 UTC ]
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Bologna Book Fair Names Its Children’s Publishers of the Year

The winners of this year's publishing-house awards are based in Tanzania, Switzerland, Iran, the United States, Colombia, and New Zealand. The post Bologna Book Fair Names Its Children’s Publishers of the Year appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-06-15 03:51:41 UTC ]
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Author Lucinda Riley dies after four-year cancer battle

Bestselling Irish author Lucinda Riley, best known for the Seven Sisters series, has died after battling cancer for four years.   Continue reading at The Bookseller

[ The Bookseller | 2021-06-12 03:14:18 UTC ]
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Take part in the third Young Sportswriter of the Year competition

The Guardian and Football School are inviting 7- to 12-year-olds in the UK and Ireland to see if they can pen the piece that comes topThe Guardian and the book series Football School are launching our third Young Sportswriter of the Year competition, open to all seven- to 12-year-olds in the UK... Continue reading at The Guardian

[ The Guardian | 2021-06-09 09:00:45 UTC ]
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Shortlist revealed for £30k Sunday Times Audible Short Story Award

The final six stories competing for the £30,000 Sunday Times Audible Short Story Award have been revealed, featuring British author Jonathan Gibbs and Scottish writer Rachael Fulton alongside four US writers. Continue reading at The Bookseller

[ The Bookseller | 2021-06-06 11:11:42 UTC ]
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The backstory for ‘A River Runs Through It’ has arrived, 45 years later

John Maclean’s “Home Waters” is about life in Montana, and his father’s famous book. Continue reading at The Washington Post

[ The Washington Post | 2021-06-03 12:00:00 UTC ]
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How to watch Charles Yu explore his award-winning novel at the L.A. Times Book Club

National Book Award winner Charles Yu discusses 'Interior Chinatown' with Times film critic Justin Chang at the L.A. Times Book Club Continue reading at Los Angeles Times

[ Los Angeles Times | 2021-05-27 20:58:15 UTC ]
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Author Tayari Jones on Timing at Abu Dhabi International Book Fair

The author speaks with Emirates Airline Festival of Literature director Ahlam Bolooki, asserting 'You don't have to write every day.' The post Author Tayari Jones on Timing at Abu Dhabi International Book Fair appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-05-26 14:44:41 UTC ]
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Eso Won and Crockett Named PW’s Bookstore and Sales Rep of the Year

Publishers Weekly has named the L.A.-based indie bookstore Eso Won Books its Bookstore of the Year, and Simon & Schuster sales rep Toi Crockett has been named PW Sales Rep of the Year. The announcement was made at the inaugural U.S. Book Show. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-05-25 04:00:00 UTC ]
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One year on

A few years ago a friend and mentor of mine asked one of the nation’s foremost blue-chip journalists, a broadcaster on a flagship show, why their programme had never had a Black presenter. The jovial response was that the show was “not a sociological laboratory”. And that brought a polite, if... Continue reading at The Bookseller

[ The Bookseller | 2021-05-20 15:05:16 UTC ]
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The plot of ‘The Plot’ — the best thriller of the year (so far) — is too good to give away

The new novel by Jean Hanff Korelitz, the author behind “The Undoing,” is a sharp and twisty tale of literary paranoia. Continue reading at The Washington Post

[ The Washington Post | 2021-05-16 12:00:00 UTC ]
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