Time Warner is in talks to sell a large portion of its Time Inc. magazine division, including People, InStyle and Real Simple, according to a report Wednesday afternoon by Fortune.Headed for Meredith, Berkshire Hathaway or nowhere new after all?Fortune is itself a Time Inc. magazine but reported that it isn't part of the deal being discussed. Neither is the flagship Time or Sports Illustrated, Fortune said. People is a huge profit center and the crown jewel in the portfolio.A spokesman for Time Warner declined to comment. Spokeswomen for Time Inc. and BDT Capital Partners, a bank reportedly involved in the talks, did not immediately return calls.Speculation immediately turned to the identity of the potential "serious buyer" mentioned but not named in the article. Former Time Warner CEO Dick Parsons once told a "town hall" meeting of 400 staffers about a conversation he'd had with Warren Buffett."As your friend, don't do that, it's a good business," said Mr. Buffett, according to people who heard Mr. Parsons tell the story. "But," he added, "if you do sell it, sell it to me."A media investment banker, however, argued that getting Time Warner to sell its magazine portfolio in pieces would probably require a little extra incentive -- while Mr. Buffett tends to look for bargains. "These are the premier brands in the world in magazine publishing, and to split them up is surprising," said Reed Phillips, CEO at DeSilva & Phillips. "I would've thought they would've wanted to... Continue reading at 'Crains New York'
[ Crains New York | 2013-02-14 00:00:00 UTC ]
James Grant’s biography shows why Bagehot was called ‘the greatest Victorian’ — and why we should pay attention to him now. Continue reading at The Washington Post
[ The Washington Post | 2019-07-03 12:00:00 UTC ]
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AT&T Inc. is weighing a sale of its regional sports networks as part of a plan to cut as much as $8 billion in debt by the end of the year, according to people familiar with the matter. The four regional networks, which includes rights to teams such as the hockey’s Pittsburgh Penguins,... Continue reading at Advertising Age
[ Advertising Age | 2019-07-02 19:54:11 UTC ]
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WPP confirmed on Monday it is in exclusive talks with Bain Capital to sell its majority stake in Kantar to the Boston-based private-equity firm, following "press speculation." The potential deal values the data, insights and consulting giant at $4 billion, according to WPP's statement that... Continue reading at Advertising Age
[ Advertising Age | 2019-07-01 20:08:21 UTC ]
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L.A. Times Today airs Monday through Friday at 7 p.m. and 10 p.m. on Spectrum News 1. Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-06-28 23:02:32 UTC ]
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“Unlike some of my hard science fiction books, such as ‘Seveneves’ — where I sweated the details of orbits, rocket engines, etc. — ‘Fall’ is meant to be read as more of a fable,” he says. Continue reading at The New York Times
[ The New York Times | 2019-06-28 09:00:08 UTC ]
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The business news publisher has laid off 11 commercial-side employees over two stints in 2019. Some of those roles remain unfilled, as Quartz pours more resources into its nascent membership program. The post Quartz lays off business-side employees for second time this year appeared first on... Continue reading at Digiday
[ Digiday | 2019-06-28 04:01:26 UTC ]
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Many thriving poetry publishers in the North have likened its recent boom to its popularity under Margaret Thatcher in the 1980s, arguing the form offers a unique type of human connection. Continue reading at The Bookseller
[ The Bookseller | 2019-06-27 18:24:04 UTC ]
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The Los Angeles Times Book Club has selected "The Other Americans" as its next book and hosts a July 30 conversation with author Laila Lalami at the Skirball Cultural Center. Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-06-27 14:00:03 UTC ]
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The Los Angeles Times Book Club has selected “The Other Americans” as its next book and hosts a July 30 conversation with author Laila Lalami at the Skirball Cultural Center. The novel is a mystery and family drama that unfolds in a Southern California desert town after a Moroccan immigrant... Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-06-27 14:00:00 UTC ]
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In her research for "The Library Book," Susan Orlean was surprised to learn how many people call the Los Angeles Library on a daily basis with outlandish questions. Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-06-26 21:09:36 UTC ]
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In her research for “The Library Book,” Susan Orlean was surprised to learn how many people call the Los Angeles Library on a daily basis with outlandish questions. Some people want help cheating on crossword puzzles. Others have more personal queries. “There is a guy who calls the library... Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-06-26 20:35:00 UTC ]
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UK news publishers want to make it easier for advertisers to buy directly and keep control of their data. Continue reading at Media Week
[ Media Week | 2019-06-26 08:28:48 UTC ]
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In a Times report on counterfeited book sales online–and a ringing response from Amazon–a long-growing publishing retail debate moves into the spotlight. The post Point-Counterpoint: Amazon Responds at Length to a New York Times Critique appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-06-25 11:20:27 UTC ]
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AT&T Inc. named Ann Sarnoff as the first woman to lead Warner Bros., filling a key vacancy created by the departure of Kevin Tsujihara following a sex scandal. Sarnoff is currently president of BBC Studios America and has more than 30 years of business and media experience, AT&T’s... Continue reading at Advertising Age
[ Advertising Age | 2019-06-24 21:32:18 UTC ]
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A Polk Award winner, he edited the Op-Ed page, The Book Review, The Week in Review and also oversaw coverage of the New York area. Continue reading at The New York Times
[ The New York Times | 2019-06-24 21:24:11 UTC ]
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A M Homes, Emma Cline, Toby Litt, Joe Dunthorne and Kevin Barry are among the writers nominated for the £30,000 2019 Sunday Times Audible Short Story Award. Continue reading at The Bookseller
[ The Bookseller | 2019-06-23 16:06:29 UTC ]
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The new update to the format fixes the problems with ePub 3.1. Publishers should get on board ASAP. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-06-21 04:00:00 UTC ]
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Finding the perfect reading light can be a challenge, no matter the time of day. Amazon's latest Kindle Oasis comes with a new color adjustable front light that can switch from cool to warm hues as the day progresses. Adjustable lighting isn't a new... Continue reading at Engadget
[ Engadget | 2019-06-19 13:00:00 UTC ]
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The site’s journalists took part in an IRL protest after a series of tweets criticized the company’s refusal to recognize their affiliation with the News Guild. Continue reading at The New York Times
[ The New York Times | 2019-06-18 22:31:39 UTC ]
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The United Nations High Commissioner for Human Rights is urging Canadian authorities to implement a plan to address violence against Indigenous women and girls. Continue reading at CBC
[ CBC | 2019-06-17 22:05:04 UTC ]
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