Will 'King of Magazines' Spin Off Print Unit? Execs 'Not Opposed'

Media companies have been streamlining their businesses by cleaving off underperforming print units from more lucrative TV, film and digital businesses. Just this year, Time Warner spun off magazine division Time Inc., Tribune Company split apart its TV and newspaper businesses and Gannett announced plans to divide TV and print, all following similar moves from other companies in years prior.But Meredith Corporation, publisher of magazines like Better Homes and Gardens as well as the owner and operator of 15 local TV stations, has not joined the movement. During an investor call Thursday to discuss its most-recent earnings report, an analyst asked Meredith executives whether it would ever follow the trend."We are not opposed to it," said Meredith Chairman and CEO Stephen Lacy. But the Des Moines, Iowa-based company would need to "feel there's a larger opportunity on one side of the house that would create value for shareholders" instead of just separating for the sake of it, he added. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2014-10-24 00:00:00 UTC ]
News tagged with: #newspaper businesses #similar moves #meredith corporation #des moines #iowa-based company

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[ Publishers Weekly | 2018-11-16 00:00:00 UTC ]
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ShortList magazine to close amid declining revenues

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[ The Guardian | 2018-11-16 00:00:00 UTC ]
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Publisher pulls plug on ShortList magazine

Free men's mag with 500,000 circulation ends print edition as publisher focuses on Stylist. Continue reading at BBC News

[ BBC News | 2018-11-16 00:00:00 UTC ]
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[ AdWeek | 2018-11-16 00:00:00 UTC ]
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[ Stuff | 2018-11-13 00:00:00 UTC ]
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[ Los Angeles Times | 2018-11-11 00:00:00 UTC ]
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Meredith sells 'Fortune Magazine' to Thai businessman for $150 million

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[ Crains New York | 2018-11-09 00:00:00 UTC ]
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Fortune magazine sold to Thai businessman for $150 million

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[ Los Angeles Times | 2018-11-09 00:00:00 UTC ]
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[ Digiday | 2018-11-06 00:00:00 UTC ]
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[ The New York Times | 2018-11-01 00:00:00 UTC ]
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Creative Loafing Charlotte Abruptly Ceases Print Production

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[ Folio Magazine | 2018-11-01 00:00:00 UTC ]
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The Brightest Minds in Magazine Media Named to the Folio: 100

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[ Folio Magazine | 2018-11-01 00:00:00 UTC ]
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[ Digiday | 2018-10-25 00:00:00 UTC ]
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[ Folio Magazine | 2018-10-25 00:00:00 UTC ]
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[ Folio Magazine | 2018-10-19 00:00:00 UTC ]
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[ Publishers Weekly | 2018-10-19 00:00:00 UTC ]
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[ Folio Magazine | 2018-10-16 00:00:00 UTC ]
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[ Folio Magazine | 2018-10-16 00:00:00 UTC ]
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