Time Warner spinning off Time Inc. magazine biz this year

Time Warner Inc. will spin off its magazine business later this year, turning the nine-decade-old publisher of Time, People and Sports Illustrated into a separate publicly held company.The board authorized management to proceed with the plan after a review of options, the New York-based media company said yesterday in a statement. As part of the move, Time Inc. Chief Executive Officer Laura Lang will step down from the role.“A complete spinoff of Time Inc. provides strategic clarity for Time Warner Inc., enabling us to focus entirely on our television networks and film and TV production businesses,” Jeff Bewkes, CEO of the parent company, said in the statement. “Time Inc. will also benefit from the flexibility and focus of being a stand-alone public company and will now be able to attract a more natural stockholder base.”The move represents Time Warner’s third major spinoff since Mr. Bewkes became CEO in 2008, letting the company focus on faster-growing businesses. Time Warner Cable Inc., the second-largest U.S. cable company, became independent in March 2009. Time Warner spun off AOL, the dial-up Internet service that is remaking itself as a Web publisher, later that year.Time Warner’s magazine assets could be worth as much as $3.2 billion, based on estimates published last month by John Janedis, an analyst at UBS AG in New York.The spinoff decision follows an attempt to divest some of Time Warner’s magazines to Meredith Corp., the Des Moines, Iowa-based publisher of... Continue reading at 'Crains New York'

[ Crains New York | 2013-03-07 00:00:00 UTC ]
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The 10 Most Popular Lit Hub Stories of the Year

The literary world may have a complicated relationship to popularity—see every literary novelist’s love/hate (and almost always unrequited) relationship with the bestseller list—but the internet does not. Simply: it’s good to be read, and so we thank you, our readers, for consuming, commenting... Continue reading at Literrary Hub

[ Literrary Hub | 2023-12-18 09:52:49 UTC ]
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Five years and 2m copies later, self-published author lands UK book deal

Norfolk-based crime writer JM Dalgliesh topped the Amazon and Kindle bestsellers before being signed by a traditional publisher In 2018, JM Dalgliesh was a stay-at-home father when he sent his first crime novel to six literary agents, only to receive polite rejection letters – or no response at... Continue reading at The Guardian

[ The Guardian | 2023-12-17 09:00:23 UTC ]
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Some Parting Words for the Book Biz from Jim Milliot

PW’s outgoing editorial director reflects on how tech and consolidation have reshaped the publishing industry. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-15 05:00:00 UTC ]
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PW’s 2023 People of the Year: Valerie Koehler and Charley Rejsek

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[ Publishers Weekly | 2023-12-15 05:00:00 UTC ]
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Sales Rose at PRH During a Difficult Year, Says CEO Nihar Malaviya

PRH global CEO Nihar Malaviya thanked employees in a memo for their efforts during a year which saw sales rise over 2022 despite the host of internal challenges the world's largest trade publisher faced in 2023. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-14 05:00:00 UTC ]
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California Poet Laureate Lee Herrick opens up and performs at the L.A. Times Book Club

On Dec. 12, California Poet Laureate Lee Herrick talks about life on the road at the L.A. Times Book Club. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-12-12 20:24:33 UTC ]
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Year End: Cambridge University Press Reports Record £1 Billion in Revenue

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[ Publishing Perspectives | 2023-12-12 20:15:01 UTC ]
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B&T’s Aman Kochar Reflects on the Changes He Has Made Since Buying the Company Two Years Ago

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[ Publishers Weekly | 2023-12-08 05:00:00 UTC ]
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Ireland: Paul Murray Wins the An Post Irish Book of the Year

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[ Publishing Perspectives | 2023-12-07 16:15:46 UTC ]
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12 of the Most Prolific Children’s Book Authors of All Time

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[ Book Riot | 2023-12-07 11:30:00 UTC ]
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A Book Club Took 28 Years to Read ‘Finnegans Wake.’ Now, It’s Starting Over.

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[ The New York Times | 2023-12-07 10:40:10 UTC ]
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Telling tales: Zimbabwe’s Weaver Press celebrates 25 years of championing truth-telling fiction

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[ The Guardian | 2023-12-07 07:00:02 UTC ]
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Amy Edmondson’s ‘Fail’ is a Win: England’s Business Book of the Year

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[ Publishing Perspectives | 2023-12-05 21:52:47 UTC ]
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This is the Word of the Year, According to Oxford

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[ Book Riot | 2023-12-05 16:03:44 UTC ]
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[ Book Riot | 2023-12-05 11:31:00 UTC ]
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[ Engadget | 2023-11-30 14:00:50 UTC ]
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The 2023 Stocking Stuffer of the Year Award! (shelftalker)

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[ Publishers Weekly | 2023-11-30 13:00:00 UTC ]
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[ Literrary Hub | 2023-11-29 09:51:35 UTC ]
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