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Media Publishing

  • A unit of Koch Industries has been backing Meredith's bid with $600 million in financing, sources previously told Reuters. Koch Industries, which owns brands such as Brawny paper towels, Dixie Cups and Lycra, is controlled by Charles and David Koch, two of the worlds richest men. They have previously expressed interest in buying media properties such as the Los...

  • Nov 26- U.S. media group Meredith Corp is nearing a deal to acquire Time Inc, the U.S. publisher of Sports Illustrated and Fortune magazines, for about $2 billion, people familiar with the matter said on Sunday. Meredith, whose bid for Time is backed by an affiliate of billionaire brothers Charles and David Koch, may announce an agreement as early as this week, the...

  • Tim Ferriss: Life lessons from the world's best mentors

    Tim Ferriss, "Tribe of Mentors" author, shares the key pieces of wisdom he got by asking leaders from every industry the same eleven questions.

  • Charles and David Koch

    Koch Industries tentatively agrees to back an offer by magazine publisher Meredith Corporation for Time Inc., reports The New York Times.

  • Nov 16- Meredith Corp is in talks again to buy Time Inc in a potential deal backed by billionaire brothers Charles Koch and David Koch, a source familiar with the situation told Reuters on Thursday. Spokesmen for Koch Industries, Meredith and Time declined to comment. Deal talks between Time, the publisher of Time and People magazines, and Meredith, the publisher of...

  • FEDERAL COMMUNICATIONS COMMISSION VOTES 3-2 TO OVERTURN RULE BARRING OWNERSHIP OF NEWSPAPER, LOCAL TV STATION IN SAME MARKET.

  • Charles and David Koch

    The Koch brothers are said to have tentatively agreed to support the publisher Meredith’s offer with an equity injection of more than $500 million.

  • Three movies made of the trilogy in the early 2000 s, filmed in New Zealand and based on Tolkien's novels, garnered nearly $3 billion at the box office and 17 Academy Awards. New Line Cinema, which distributed the film trilogy, the Tolkien Estate and Trust, and publisher HarperCollins will work with Amazon to produce the television series. That was a winning formula...

  • Journalist Liz Smith attends the 'Elaine Stritch: Shoot Me' screening at Paley Center For Media on February 19, 2014 in New York City.

    Syndicated gossip columnist Liz Smith died Sunday at the age of 94.

  • Radhika Jones

    Jones would replace Graydon Carter, who has been in place 25 years. She will be the first woman to edit the magazine since Tina Brown.

  • The silhouette of a pedestrian is seen walking past the headquarters of Time Inc. in New York.

    Time's revenue fell short of analysts' third-quarter forecasts as an uptick in online advertising failed to offset a decline in print ads.

  • In the third quarter, however, the company's selling, general and administrative expenses fell 14.4 percent to $279 million, helping it to earn 36 cents per share compared to analysts' average forecast of 29 cents. Analysts had also expected the New York- based publisher to abandon its $400 million forecast for adjusted operating income before depreciation and...

  • Shares of the New York- based owner of Time, Sports Illustrated and People magazines, rose 8 percent to $10.80 on Thursday morning. Amid the downtrend in print, Time has said it would look at selling assets including Time Inc UK and a majority stake in Essence magazine. "With print under tremendous pressure and digital not yet growing fast enough, the company is a long...

  • The New York- based publisher of Time, Sports Illustrated and People magazines said on Thursday its total advertising revenue fell 11.5 percent to $369 million in the quarter ended Sept. 30, led by a 17.7 percent decline in print advertising revenue. The results come weeks after Time said it would sell assets worth $488 million including Time Inc UK and a majority...

  • Nov 9- Magazine publisher Time Inc's revenue fell 9.5 percent in the third quarter, as an uptick in online advertising failed to offset a decline in print ads. The publisher of Time, Sports Illustrated and People magazines said on Thursday its revenue slipped to $679 million in the quarter ended Sept. 30, from $750 million, a year earlier. Net income attributable to...

  • Nov 8- Hong Kong stocks retreated from a 10- year peak on Wednesday as investors took profit from a rally in tech stocks although the red-hot debut by digital publisher China Literature kept sentiment in the wider market buoyant. "More and more' new economy' stocks are being warmly embraced by investors... and are gradually changing the market structure," said...

  • CBS, like its peers, is looking to diversify its revenue away from advertising as more advertisers shift spending to online from television. "CBS makes money through subscriptions and advertising and both of these are at risk," said Brett Harriss, an analyst at Gabelli& Co, a Rye, New York- based firm that is the second largest shareholder of controlling shares of CBS.

  • Like its peers, CBS too has been looking for new sources of revenue as advertisers allocate more budget for online than television. CBS's share of revenue from advertising, which stood at more than 70 percent 10 years ago, has been falling. CBS, which owns cable channel Showtime and publishing house Simon& Schuster, said revenue from affiliate and subscription...

  • *Revenue $385.6 mln vs. est $389 mln. Key holiday-quarter total advertising revenue is expected to decrease to low-double digits with digital advertising flat or decreasing slightly, Chief Financial Officer James Follo said in a post-earnings call. If the company monetizes additional drivers of growth like price increases for its digital product with its...

  • The New York Times building in New York City.

    The New York Times Co. reported a better-than-expected quarterly profit, as it signed up more advertisers and subscribers for its digital publications.