Sept 22- Time Inc said on Friday it was looking to sell several assets, including Time Inc UK, and warned it experienced more-than-anticipated softness in both print and advertising revenue during the current quarter. The publisher, which said in April that it would not sell itself, said assets identified for sale include Time Customer Service and a majority...
Sept 22- Time Inc said on Friday it was looking to sell several assets, including Time Inc UK, and warned it experienced more-than-anticipated softness in both print and advertising revenue during the current quarter. The assets identified for sale include Time Customer Service and a majority stake in the Essence magazine, the company said in a regulatory...
Sept 22- Magazine publisher Time Inc said it was looking to sell several assets, including Time Inc UK, Time Customer Service and a majority stake in the Essence magazine. The New York- based publisher of Sports Illustrated, People and namesake Time also said it experienced softness in both print and advertising revenue during the current quarter relative to the...
ANCHORAGE, Alaska— Reporters, editors and other employees at Alaska's largest newspaper have been laid off as the new owners attempt to stop the financial hemorrhaging that saw the paper losing $125,000 a week. Alaska Dispatch News co-Publisher Ryan Binkley wouldn't disclose how many of the newspaper's 212 employees have been laid off since the Binkley Co....
PARIS, Sept 21- French publishers La Martiniere Groupe and Media-Participations announced talks over a merger that could create a group with combined revenues of more than 560 million euros, in the latest sign of consolidation in the industry. La Martiniere, which owns the well-known Parisian literary publishing house Le Seuil, had 2016 revenues of 206...
EL PASO, Texas— The executive editor of the El Paso Times is leaving the newspaper after being directed by its parent company to cut newsroom staff. His resignation coincides with the departure of Lilia Castillo Jones, the president of the Times and several sister properties in New Mexico, whose position was eliminated by the USA Today Network, a division of the...
NEW YORK, Sept 19- A federal appeals court on Tuesday revived a defamation lawsuit brought by three University of Virginia graduates against Rolling Stone magazine over a now-retracted article describing an alleged gang rape at their fraternity. The 2nd U.S. Circuit Court of Appeals announced its decision two days after Rolling Stone publisher Jann Wenner...
Sept 17- Wenner Media said it is exploring strategic options for its majority interest in the Rolling Stone magazine, as the New York- based publisher continues to shift from its print media business amid falling ad revenues. Rolling Stone, the top brand in music publishing, brings out 12 international editions in Australia, Argentina, Brazil, Colombia, France,...
The New York Times reported Sunday that Wenner and his 27- year-old son, Gus, the president and chief operating officer of Wenner Media, hope to stay on at the magazine, but it's a decision for the buyer. The company's other magazines, Us Weekly and Men's Journal, were sold recently to American Media Inc., helmed by publisher David J. Pecker. Information from: The New...
NEW YORK, Sept 17- Snap Inc has been asked by the Saudi Arabia government to remove the Al Jazeera Discover Publisher Channel in that country because it violated local laws, the social media company said on Sunday. The decision to remove the channel was reported earlier on Sunday in the Wall Street Journal. The conflict is the latest example of a technology company...
SAO PAULO, Sept 17- The Batista family, which controls JBS SA, will nominate Wesley Batista Jr. as the meatpacker's next chief executive officer on Monday, newspaper O Globo reported on Sunday. The move comes after Brazil's federal police detained JBS CEO Wesley Batista on Wednesday following an investigation into the role played by him and his younger brother in...
CAIRO, Sept 17- Egypt plans to start a new eurobond program worth a total of $10 billion and will issue eurobonds worth 1.5 billion euros in November and eurobonds worth between $3 billion to $4 billion in the first quarter of 2018, the Boursa newspaper said on Sunday quoting the finance minister.
CAIRO, Sept 17- Egypt plans to start a new eurobond programme worth a total of $10 billion and will issue eurobonds worth 1.5 billion euros in November and eurobonds worth between $3 billion to $4 billion in the first quarter of 2018, the Boursa newspaper said on Sunday quoting the finance minister.
CAIRO, Sept 17- Egypt plans to start a new eurobond program worth a total of $10 billion and will issue eurobonds worth 1.5 billion euros in November and eurobonds worth between $3 billion to $4 billion in the first quarter of 2018, the Boursa newspaper said on Sunday quoting the finance minister.
CAIRO, Sept 17- Egypt plans to start a new eurobond programme worth a total of $10 billion and will issue eurobonds worth 1.5 billion euros in November and eurobonds worth between $3 billion to $4 billion in the first quarter of 2018, the Boursa newspaper said on Sunday quoting the finance minister.
KINGSTON, N.Y.— Kevin Corrado, publisher of the New Haven Register in Connecticut for the past three years, has been named publisher of the Daily Freeman in Kingston. The Hudson Valley newspaper reports that Corrado also will oversee operations at the Denver- based Digital First Media's other New York properties, including the Oneida Daily Dispatch; The...
MELBOURNE, Australia— A judge awarded Rebel Wilson record damages of 4.56 million Australian dollars on Wednesday over magazine articles the actress said cost her roles in Hollywood films. A Supreme Court jury in Australia's Victoria state had decided in June the articles claiming she lied about her age, origins of her first name and her upbringing in Sydney...
A federal bankruptcy judge has approved the sale of Alaska's largest newspaper for $1 million, saving the paper from folding this week. Judge Gary Spraker made his decision Monday after hearing hours of testimony over the financial liabilities of the Alaska Dispatch News. Former publisher Alice Rogoff bought the Anchorage Daily News for $34 million from The...
ANCHORAGE, Alaska— A federal bankruptcy judge on Monday approved the sale of Alaska's largest newspaper for $1 million, saving the paper from folding,. Judge Gary Spraker made his decision after hearing hours of testimony over the financial liabilities of the Alaska Dispatch News. The new owner of the Anchorage newspaper is the Binkley Co., a family owned firm in...
BUDAPEST, Hungary— Hungarian-American film producer Andy Vajna has added a newspaper publisher to his media portfolio, further increasing the influence over Hungarian media by allies and supporters of Prime Minister Viktor Orban. Vajna's Avalue company said Monday it had bought Lapcom, the publisher of tabloid newspaper Bors and two daily newspapers in...
