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 ]
Zaffre has bagged an "unbelievably timely" debut novel from Helly Acton, which has already been optioned for TV, in a two-book deal. Continue reading at The Bookseller
[ The Bookseller | 2019-06-14 12:23:54 UTC ]
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Longtime Christian publishing executive Dave Lewis reflects on 43 years in the book business and discusses what he calls the changing but promising future for the industry. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-06-12 04:00:00 UTC ]
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Independent bookshops and wholesalers Gardners are adopting a new technology to help book-buyers discover which physical copies are located in bookshops near them. Continue reading at The Bookseller
[ The Bookseller | 2019-06-10 10:34:50 UTC ]
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James Daunt will split his time between London and New York after Waterstones' parent Elliott Advisors (UK) announced that it had agreed to acquire the giant US bookseller Barnes & Noble for $683m. Continue reading at The Bookseller
[ The Bookseller | 2019-06-08 16:19:54 UTC ]
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The one-time bookselling giant is being acquired by a hedge fund for $476 million. The national chain that many blamed for the demise of independent bookstores has been ravaged by Am…; and other... To view the full story, click the title link. Continue reading at Crains New York
[ Crains New York | 2019-06-07 15:58:20 UTC ]
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With librarians preparing to gather in Washington for the 2019 Annual Conference, PW recently caught up with ALA's Kathi Kromer to talk about navigating today's unusual political climate, and why 'year-round advocacy' is the office's defining strategy. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-06-07 04:00:00 UTC ]
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I want my kid to treasure that magical reading time as much as I did growing up. Continue reading at The Huffington Post
[ The Huffington Post | 2019-06-06 15:39:29 UTC ]
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Just in time for summer reading, the Los Angeles Times Book Club has chosen "The Library Book" as our first community read and will host a June 25 forum with bestselling author Susan Orlean. Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-06-06 10:00:06 UTC ]
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Just in time for summer reading, the Los Angeles Times Book Club has chosen “The Library Book” as our first community read and will host a June 25 forum with bestselling author Susan Orlean. Join us as we explore Orlean’s bestseller, a whodunit about the mysterious 1986 fire that gutted Los... Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-06-06 10:00:00 UTC ]
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According to a report in the 'Wall Street Journal,' the private equity firm Elliott Management, which bought U.K. bookstore chain Waterstones in April 2018, is close to acquiring Barnes & Noble. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-06-06 04:00:00 UTC ]
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Supreme Court Justice Sonia Sotomayor came down from the stage and walked among the tables at her BookExpo appearance Thursday evening. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-05-31 00:00:00 UTC ]
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Women dominated the opening Leadership Roundtable at Book Expo, as the panel suggested audio is no longer a competitive format and called for greater diversity in publishing. Continue reading at The Bookseller
[ The Bookseller | 2019-05-30 21:39:50 UTC ]
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A Pulitzer Prize winner at The Wall Street Journal, he wrote the best sellers “Blue Latitudes” and “Confederates in the Attic” and seven other books. Continue reading at The New York Times
[ The New York Times | 2019-05-30 16:33:57 UTC ]
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Leading film scouts and agents spoke on New York Rights Fair panel, explaining how they make a piece of content come alive for a producer or studio executive. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-05-30 04:00:00 UTC ]
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Publishers are still challenged by digital media's limitations, but a few have found solutions. The post Magazine Media: Talking About a Better User Experience Isn’t Enough appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2019-05-28 14:20:54 UTC ]
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Adults in the U.S. will spend the same number of average minutes per day on Facebook and Snapchat this year as they did in 2018, but they will devote more time to Instagram, according to the latest figures from eMarketer. The consultancy found that U.S. adult Facebook users are spending an... Continue reading at AdWeek
[ AdWeek | 2019-05-28 10:00:50 UTC ]
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As measles cases continue to rise in Canada and the U.S., experts are calling on social media platforms to ban anti-vaccination posts, saying the risks to public health created by misinformation outweigh the right to free speech. Continue reading at CBC
[ CBC | 2019-05-22 08:00:00 UTC ]
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Amid the rising popularity of audiobooks, several Christian publishers are increasing title output and exploring production options. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-05-22 04:00:00 UTC ]
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Talks are underway for a film adaptation of Helen Fielding's Bridget Jones: Mad About the Boy (Vintage). Continue reading at The Bookseller
[ The Bookseller | 2019-05-20 21:56:32 UTC ]
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His critics could be brutal, but he enthralled millions of readers with novels like “The Winds of War,” “The Caine Mutiny” and “Marjorie Morningstar.” Continue reading at The New York Times
[ The New York Times | 2019-05-18 05:37:00 UTC ]
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