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Posts Tagged ‘Budget Travel’

Budget Travel Names Gillian Telling EIC

Arthur Frommer’s Budget Travel has named Gillian Telling its new editor-in-chief. Telling comes to BT from Front Desk New York, where she served as editor-in-chief as well. Previously Telling had been a staff editor at Details and Rolling Stone.

“I am excited that we were able to attract someone of Gillian’s caliber to our magazine, and certain that she will continue to provide Budget Travel’s audience or more than two million readers with the award-winning brand of travel journalism they’ve come to expect,” said BT’s vice president and publisher, Elaine Alimontiin a statement.

“As a longtime budget traveler myself, I can’t say how thrilled I am to now be editing what has always been one of my favorite magazines,” added Telling.

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Budget Travel Names New Publisher

Michael Carroll has been named publisher of Arthur Frommer’s Budget Travel. Carroll was the former director of multimedia advertising sales at The Wall Street Journal.  He joined the newspaper in 2006, as director of travel and tourism advertising sales.

Beginning today, Carroll assumes his new duties with Budget Travel.  Those responsibilities include overseeing the magazine’s worldwide advertising sales and marketing efforts. He will report directly to Nancy Telliho, president of Budget Travel.

“Michael is a highly respected member of the advertising and travel communities and he brings Budget Travel a rare client-side perspective on our business,” Telliho said. 

Carroll joins the most recent expansion of new hires including Lisa Schneider, who joins as the digital general manager; Robert Perino, as art director; Laura Michonski, as the deputy online editor; and Angelo Lombardo, who joins as the New York advertising account executive.

“I’m thrilled to lead a travel magazine that inspires real action – not just day dreaming – among its audience,” Carroll said. “The passion of our loyal fan base serves our advertising partners well.”

After Sale, Budget Travel Keeps President

budget travel.jpgLast month we reported on Newsweek Inc.’s sale of Budget Travel to Fletcher Asset Management. Today, Fletcher proudly announced that the deal had closed, and that the travel magazine’s president, Nancy Telliho, and the rest of its senior management team will be staying on as the title moves to its new owner.

Additionally, Harold Shain, former president of Washington Post Co.-owned Newsweek and former president of Newsweek Budget Travel Inc. will be rejoining the magazine as chairman.

Said Telliho:

“We are thrilled to find ourselves under new ownership with a firm that recognizes the strength of the Budget Travel brand in both print and online. With Fletcher’s support, and Harold’s involvement, we are well positioned for even greater growth than we’ve experienced in our first 10 years. Fletcher’s confidence in the senior team is gratifying and we look forward to great success together.”

Full release after the jump

Previously: Budget Travel Sold

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Budget Travel Sold

budget travel.jpgOne month after denying death rumors, Newsweek-owned Budget Travel has been sold to Fletcher Asset Management for an undisclosed amount.

In a release about the deal, Fletcher said it plans to “support the current management team, which will be responsible for the day-to-day operation of Budget Travel magazine and budgettravel.com” and will “keep essentially all” of the mag’s current staff.

Last month, after rumors of Budget Travel‘s demise were squashed, word leaked out that Newsweek was seeking a buyer for the travel mag. Now, it looks like Budget Travel will live on, just under new ownership.

Full release after the jump

Previously: Budget Travel Looking For Investors

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Budget Travel Looking For Investors

budget travel.jpgOver the weekend, rumors started swirling about the possible closure of Newsweek-owned Budget Travel. Thankfully, we learned yesterday that the magazine is safe. But we wondered, if the pub was not going out of business, what was the source of the nasty rumors?

Today, Advertising Age‘s Nat Ives reports that Newsweek “is seeking new equity investors for the title or even an outright sale”. Staffers on either side of the sale — within the magazine or Newsweek or at potential buyers — could have taken this to mean the pub is close to folding.

Could that be the source of the recent rumors? Know anything? Let us know.

Newsweek Seeks Investors for Arthur Frommer’s Budget TravelAdvertising Age

Earlier: Update:Budget Travel Not Closing

FIshbowlNY Editor Has Nothing But Good News For The Menu

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It seems like there’s only bad news in the media world these days. But this morning on the mediabistro.com Morning Media Menu, FishbowlNY editor Amanda Ernst and hosts Jason Boog of GalleyCat and AgencySpy‘s Matt Van Hoven only had good things to report.

That good news included a conversation about Sarah Palin‘s memoir Going Rogue, out today, and Levi Johnston‘s Playgirl photo spread, which is giving the out-of-print magazine buzz that will hopefully propel upcoming print issues.

Other good news: Budget Travel is not closing, despite recent rumors; Daily News owner Mortimer B. Zuckerman has invested in expanding the paper’s printing plant; and YouTube has launched a new channel to better help news organizations like The Huffington Post and NPR manage video submissions from citizen journalists.

You can listen to all the past podcasts at BlogTalkRadio.com/mediabistro and call in at 646-929-0321.

Update: Budget Travel Not Closing

budget travel.jpgEarlier today, we reported on rumors that Budget Travel may be closing up shop. Turns out, those rumors were just that, a Newsweek spokesman tells FishbowlNY.

Budget Travel is not shutting down nor is it laying off staff,” Newsweek spokesman Frank J. De Maria told us via email this afternoon. “It’s business as usual at Budget Travel and we are currently working to produce the February issue and beyond. It’s also important to note that we have a growing and engaged audience which, in this difficult economic climate, is no small feat.”

Earlier: Magazine Deathwatch: Budget Travel

Magazine Deathwatch: Budget Travel

budget travel.jpgWill Budget Travel be the next title to go the way of Domino and so many other magazines this year?

That’s the sad news being reported by New York Magazine‘s Daily Intel, which claims that the magazine, which is owned by Newsweek publisher Washington Post Co., is already clearing out. (Update: We received word from a Newsweek spokesman that Budget Travel is not folding. Read the full update here) The reported closure is likely due to rapidly declining ad revenue, something many magazines have been experiencing. Said Daily Intel:

“The company had a 33 percent drop in revenue for their magazine division in the most recent quarter, compared to the third quarter last year — but they attributed it publicly to losses in ad revenue at Newsweek.”

Our sister blog MediaJobsDaily adds that, if the magazine is closing up shop today, January’s issue may be its last: “staff were in the midst of closing ad sales for February when ‘suddenly told to hold on the usually tight closing date.’”

Know anything? Send us an email or leave a tip in the box on the right.

UPDATE: A Newsweek spokesman tell us that Budget Travel lives on.

Budget Travel Shuttering? –Daily Intel

Budget Travel To Close Soon? — MediaJobsDaily

Norman Mailer Colony Gala: A Night of Media, Literary Superstars

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It takes a lot to bring America’s greatest living fiction, non-fiction, and journalism writers into one room, but if one woman could do, it’s Tina Brown. The Daily Beast editor-in-chief hosted the first ever Norman Mailer Colony soiree at Cipriani last night, to celebrate the non-profit in which promising young writers get to live in Norman Mailer’s house in Massachusetts for a week to a month.

Guests included Salman Rushdie, Joan Didion, Richard Goodwin, Michael Cunningham, Jeffrey Eugenides, Annie Leibovitz, New Yorker editor-in-chief David Remnick and master of ceremonies, Calvin Trillin.

Among the revelers were also editors and writers from The Nation, Budget Travel, The New Yorker, The New York Times and The Week.

A few pictures from the night after the jump.

Earlier: Norman Mailer Writers Colony To Honor Toni Morrison, David Halberstam

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Layoffs at Budget Travel

logo_magazine_budgetTravel.gifFishbowlNY is hearing there were a number of layoffs at Budget Travel last week. A spokesperson for the company would only confirm “minor staff reductions” had been announced internally and that the reductions were “part of the company’s plan to control costs and restructure the business to better position the magazine for growth.”

However FBNY has heard from more than one source that the layoffs included may have included as many as 10 people including a number of senior editors, an Ad Director, and several other high level positions. If you have any further details we’d love to hear them.