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 ]
Jill Abramson responded to plagiarism accusations about her latest book, “Merchants of Truth,” by saying errors were unintentional. Continue reading at The New York Times
[ The New York Times | 2019-02-08 00:00:00 UTC ]
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Michael B. Jordan’s Outlier Society and Warner Bros. have acquired the film rights to the epic fantasy novel “Black Leopard, Red Wolf” by Marlon James. The first novel of the Dark Star trilogy, “Black Leopard, Red Wolf” is based on African mythology. Set in a world of competing kingdoms and... Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-02-07 00:00:00 UTC ]
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Workers at print firm CPI William Clowes are taking strike action for the fourth time in a dispute over pay. Continue reading at The Bookseller
[ The Bookseller | 2019-02-07 00:00:00 UTC ]
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Audible is bringing the novels and short stories of A.S. Byatt to audio for the first time this month. Continue reading at The Bookseller
[ The Bookseller | 2019-02-07 00:00:00 UTC ]
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Mastering Linux Security and Hardening is a comprehensive guide to preventing your Linux system from getting compromised. This book from Packt Publishing has extensive coverage of techniques that will help prevent attackers from breaching your system, by building a much more secure Linux... Continue reading at Betanews
[ Betanews | 2019-02-06 00:00:00 UTC ]
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The owner of Canadian music business Sunrise Records, Doug Putman, is in rescue bid talks for HMV. Continue reading at The Bookseller
[ The Bookseller | 2019-02-05 00:00:00 UTC ]
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Women’s lifestyle website The Pool is reportedly in crisis talks, with staff yet to receive their January wages. Continue reading at The Bookseller
[ The Bookseller | 2019-01-31 00:00:00 UTC ]
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Media mergers between BuzzFeed and other top digital publishers are exciting to think about. But don't bet on them happening anytime soon. The post Video Briefing: BuzzFeed layoffs prompt new talk of mergers appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2019-01-30 00:00:00 UTC ]
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As tech companies face mounting pressure to address their role in the California housing crisis, a band of corporations, philanthropies and foundations — including Facebook as well as the personal philanthropic company of Chief Executive Mark Zuckerberg — are seeking to raise $540 million to... Continue reading at Baltimore Sun
[ Baltimore Sun | 2019-01-25 00:05:00 UTC ]
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As tech companies face mounting pressure to address their role in the California housing crisis, a band of corporations, philanthropies and foundations — including Facebook as well as the personal philanthropic company of Chief Executive Mark Zuckerberg — are seeking to raise $540 million to... Continue reading at Baltimore Sun
[ Baltimore Sun | 2019-01-25 00:05:00 UTC ]
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“The demand for gender equality is growing louder, and it is coming from all over the world,” Gates told attendees at the opening of the ALA meeting. But progress is not inevitable, she warned. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-01-25 00:00:00 UTC ]
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The Facebook CEO is trying to clear up some misperceptions about the social network’s business model as data regulation looms on the horizon. Facebook CEO Mark Zuckerberg published an op-ed in the Wall Street Journal late Thursday to explain his company’s business model and address some... Continue reading at Fast Company
[ Fast Company | 2019-01-25 00:00:00 UTC ]
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The conversations at Winter Institute 14 in Albuquerque, N.M., on Wednesday focused on commerce, covering sales data, and the best ways to capture pre-order sales. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-01-24 00:00:00 UTC ]
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Swedish publishing conglomerate Bonnier has sold US children’s publisher Little Bee Books to its founding executive management. Continue reading at The Bookseller
[ The Bookseller | 2019-01-18 00:00:00 UTC ]
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Hachette Children’s Team has hired Tig Wallace, formerly commissioning editor at Penguin Random House Children’s, as senior commissioning editor in the fiction team. Continue reading at The Bookseller
[ The Bookseller | 2019-01-18 00:00:00 UTC ]
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A new guide provides best practices for making books readily available to the visually impaired. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-01-18 00:00:00 UTC ]
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Penguin Random House completed moving its Penguin staff members that had been working on Hudson St. to 1745 Broadway, where Random House has long had its headquarters, on January 2. PW talked with PRH US CEO Madeline McIntosh about the move. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-01-18 00:00:00 UTC ]
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Subscribe to us on iTunes, check us out on Spotify and hear us on Stitcher, Google Play and iHeartRadio too. This is our RSS feed. Tell a friend!It is, to hear Bloomberg Media's Keith Grossman tell it, both the best of times and the worst of times to be a publisher, depending on who you ask. On... Continue reading at Advertising Age
[ Advertising Age | 2019-01-17 00:00:00 UTC ]
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Pamela Drucker Mann discusses how Condé Nast plans to give advertisers what they want, not what publishers think they should have. The post ‘You have to sell advertisers what they need, not what you want’: Q&A with Conde Nast chief revenue officer, Pamela Drucker Mann appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2019-01-14 00:00:00 UTC ]
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The contest, part of a cultural initiative of the New York Rights Fair celebrating excellence in book design in five categories, is now open for submissions for its 2019 awards. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-01-08 00:00:00 UTC ]
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