Time Warner in talks to sell part of Time Inc.

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 ]

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Talking Pictures Awards Submissions Open

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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Picture books perfect for story time

A collection of recent releases celebrates the joy of connecting with a grandparent, remembering the Moon landing, and slowing down to appreciate life, and much more. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2019-01-05 00:00:00 UTC ]
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Review of 2018 Part I: The Bestsellers

At the end of 2017, Waterstones boss James Daunt bemoaned that too few of that year's books were blow-the-doors off bestsellers that “packed a wallop”. That all changed in 2018, with many titles showing impressive punching power. Continue reading at The Bookseller

[ The Bookseller | 2019-01-05 00:00:00 UTC ]
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'The Singularity of Sleep' – runner-up in the Sunday Star-Times Short Story Awards 2018

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[ Stuff | 2019-01-05 00:00:00 UTC ]
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Administrators in talks over ‘new arrangements’ with HMV book suppliers

Administrators are in “ongoing” talks with book suppliers to HMV and trying to “make new arrangements” after the music retailer collapsed for a second time. Continue reading at The Bookseller

[ The Bookseller | 2019-01-04 00:00:00 UTC ]
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‘Becoming’ Is Top-Selling Title In 2018

In the year of nonfiction, ‘Becoming’ was one of 10 nonfiction books among 2018’s 20 bestselling titles. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-01-04 00:00:00 UTC ]
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HMV goes into administration for a second time

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[ The Bookseller | 2018-12-29 00:00:00 UTC ]
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United Airlines sells a cookbook inspired by onboard meals

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[ Los Angeles Times | 2018-12-28 00:00:00 UTC ]
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The best part of Christmas? Reading

As part of the anthology 'On Christmas,' writer Sue Townsend remembers how the Christmases of her childhood included plenty of books. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2018-12-26 00:00:00 UTC ]
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Fortune Magazine Officially Sells to Thai Businessman

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[ AdWeek | 2018-12-21 00:00:00 UTC ]
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'Phenomenal' Hammad debut sells to Cape and 11 other territories

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Audible to produce new anthology as new sponsor for The Sunday Times Short Story Award

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[ The Bookseller | 2018-12-16 00:00:00 UTC ]
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[ Los Angeles Times | 2018-12-15 00:00:00 UTC ]
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Tribune Publishing deal to sell itself to McClatchy is off

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[ Los Angeles Times | 2018-12-14 00:00:00 UTC ]
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It's Time the Book Business Took Music Lessons

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[ Publishers Weekly | 2018-12-07 00:00:00 UTC ]
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Edith Thompson: The Innocent Woman Who Was Executed in Part Because of Her Writing Talent

"Had she had not written as she did, would her lover have killed her husband? Almost certainly the answer is no." Continue reading at Publishers Weekly

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Time's editor-CEO shares his vision for a magazine under new ownership

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[ Advertising Age | 2018-12-06 00:00:00 UTC ]
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Time's editor and CEO shares his vision for a magazine under new ownership

When Meredith Corp. put Time magazine on the block following its purchase of Time Inc. in Nov. 2017, it tapped editor-in-chief Edward Felsenthal to spearhead the process. Perhaps an unorthodox role... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2018-12-06 00:00:00 UTC ]
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