The COVID-19 pandemic has been devastating to several industries, and publishing has been no exception. Among those hardest hit have been titles serving local markets. With public spaces temporarily shutting down, regional titles have little leverage to sell advertising, and readers have little interest in learning about activities they can no longer partake in. This has led to print suspensions (temporary and permanent) , furloughs, layoffs and left some on the brink of bankruptcy or closure. The Time Out Group, which serves 328 cities in 58 countries around the world, was not immune to the impacts of the pandemic. The company took swift action when stay-at-home orders were put in place and temporally halted its print in its cities that still offered it. Further, given immediate and forecasted decreases in revenue, CEO Julio Bruno says the company also made some salary reductions, and furloughed an undisclosed number of employees. The company was also forced to lay off hourly employees at its six Time Out Markets food courts, since they were unable to remain open. However, despite these difficult times, Time Out has been proactive in pivoting its business, and establishing more secure footing to stabilize and eventually grow once the crisis is behind us. Its first initiative was to rethink its content strategy. “Time Out is a brand that people come to explore and experience the best of the city when they go out,” Bruno says. “All of a sudden, our audience was homebound.... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2020-05-28 16:08:28 UTC ]
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Brad Stone's The Everything Store: Jeff Bezos and the Age of Amazon (Bantam Press) has won... Continue reading at The Bookseller
[ The Bookseller | 2013-11-18 00:00:00 UTC ]
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The Washington Post Co. announced Monday that it will change its name to Graham Holdings Company, acknowledging the Oct. 1 sale of the company’s flagship newspaper and several other publishing businesses to Amazon.com founder Jeffrey P. Bez ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-11-18 00:00:00 UTC ]
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Novelist John Grisham talks about his return to Ford County in 'Sycamore Row' and an unpleasant stint as a politician.John Grisham is the world's most successful author of legal thrillers (and one baseball novel, last year's "Calico Joe") with sales of more than 275 million copies to his credit.... Continue reading at Los Angeles Times
[ Los Angeles Times | 2013-11-16 00:00:00 UTC ]
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David Henderson is managing director of Top That Publishing, and also the m.d. of Tide Mill Media... Continue reading at The Bookseller
[ The Bookseller | 2013-11-11 00:00:00 UTC ]
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The world's biggest magazine publisher still makes a lot of money. But it's shrinking every quarter. Tough sell for a Q2 spinout. Continue reading at AllThingsD
[ AllThingsD | 2013-11-06 00:00:00 UTC ]
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The Perseus Books Group had “strong” financial results for the fiscal year ended June 30, 2013, results which “surpassed our budgeted goals,” company CEO David Steinberger wrote to Perseus' 675 employees. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-11-05 00:00:00 UTC ]
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Storied magazine publisher Time Inc. surprised its editors on Thursday by assigning them to report to division presidents instead of an editorial executive, leading some to wonder whether business interests would now trump those of edit.Time Inc. CEO Joe Ripp said the restructuring will make the... Continue reading at Advertising Age
[ Advertising Age | 2013-11-02 00:00:00 UTC ]
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By Lynn Rosen It was a powerhouse session at our magazine keynote presentation this year at the Publishing Business Conference. We asked four top execs to speak to the topic of Facing the Future, and to share some... Continue reading at Publishing Executive
[ Publishing Executive | 2013-11-01 00:00:00 UTC ]
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Time Inc. CEO Joe Ripp began putting his stamp on the publishing company Wednesday, when employees were told that editors will begin reporting to the organization's business side, a reversal that sent a ripple of anxiety through its editorial offices. Editors of the company's magazines, which... Continue reading at Crains New York
[ Crains New York | 2013-11-01 00:00:00 UTC ]
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Confusing licensing rules, walled gardens, limited bundling, subscriptions, and library borrowing, buggy platforms. Why do we put up with this ebook nonsense? Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-10-31 00:00:00 UTC ]
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Newly installed Time Inc. CEO Joe Ripp announced some major management changes at the company, especially on the content side. Norm Pearlstine, who's been chief content officer at Bloomberg LP for the last five years, will be returning to Time Inc. in a newly created role of executive vice... Continue reading at Folio Magazine
[ Folio Magazine | 2013-10-31 00:00:00 UTC ]
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When Chevrolet launches its 2014 Corvette Stingray this fall, it will rely as much on data as a big creative idea to reach its target audience of affluent sports-car owners.Instead of widely blanketing the country with expensive national TV and print ads, Chevy is microtargeting owners of the... Continue reading at Advertising Age
[ Advertising Age | 2013-10-30 00:00:00 UTC ]
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The New York Times is planning to step off the sidelines and into the world of native advertising online, where a growing list of traditional publishers have thrown their arms around sponsored or branded content.Meredith Kopit Levien, exec VP-advertising, said the Times is planning to introduce... Continue reading at Advertising Age
[ Advertising Age | 2013-10-29 00:00:00 UTC ]
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In the main section of today's print edition of The New York Times, readers will notice a whole lot of nothing on pages 9 and 10. The two virtually blank, back-to-back pages are actually an ad for 20th Century Fox's upcoming film adaptation of Markus Zusak's best-selling novel, "The Book Thief,"... Continue reading at Advertising Age
[ Advertising Age | 2013-10-23 00:00:00 UTC ]
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The Mainstreet Trading Company has won a competition to feature in a new book in the Busy Books... Continue reading at The Bookseller
[ The Bookseller | 2013-10-21 00:00:00 UTC ]
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'To Kill a Mockingbird' author Harper Lee alleges that her hometown is exploiting her trademark and personality rights. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2013-10-18 00:00:00 UTC ]
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Judging by the number of TED talks or books bouncing up and down the bestseller lists offering to help us bottle that elusive djinn, we should be living in the Age Of Creativity. If that's true, though, why are so many books and talks about creativity filled with so many clichés? How can books... Continue reading at Fast Company
[ Fast Company | 2013-10-16 00:00:00 UTC ]
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The 2013 Frankfurt Book Fair was a busy one, despite another modest decline in trade visitors Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-10-15 00:00:00 UTC ]
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