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Posts Tagged ‘Time Inc.:’

Morning Media Newsfeed: ISIS Claims to Execute Journalist | Condé Nast Sells Fairchild

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Kidnapped Journalist, Apparently Executed by ISIS (NBC News)
The Islamic State of Iraq and al-Sham (ISIS) claims to have beheaded an American photojournalist and has threatened the life of another American journalist if President Obama doesn’t stop airstrikes in Iraq. TVNewser In a gruesome video, James Wright Foley, a freelance journalist for Global Post, is apparently beheaded by ISIS militants. The militants claim they are also holding journalist Steven Soltoff. HuffPost The YouTube video and photos purportedly of Foley emerged on Tuesday. Titled “A Message to #America (from the #IslamicState),” the video identified a man on his knees as “James Wright Foley” and showed his beheading. “This is James Wright Foley, an American citizen of your country,” an Islamic State militant says in the video, which has since been removed by YouTube. “As a government, you have been at the forefront of the aggression towards the Islamic State. You have plotted against us and have gone far out of your way to find reasons to interfere in our affairs. Today, your military air force is attacking us daily in Iraq, your strikes have caused casualties among Muslims.” Politico / Dylan Byers on Media Foley disappeared in northwest Syria on November 22, 2012. The White House said they have not yet confirmed the authenticity of the video. NYT In Washington, a National Security Council spokeswoman, Caitlin Hayden, said in a statement: “We have seen a video that purports to be the murder of U.S. citizen James Foley by ISIL. The intelligence community is working as quickly as possible to determine its authenticity. If genuine, we are appalled by the brutal murder of an innocent American journalist,” she said, using an alternative name for ISIS.

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Gawker Shares Egregious Time Inc. Spreadsheet [Updated]

SICrowdSourceCoverWow. Via the Newspaper Guild, Gawker’s Hamilton Nolan has obtained an internal Time Inc. spreadsheet that was used to help decide which Sports Illustrated writers to lay off.

It is column “J” that is already reverberating across social media. The column is titled: ‘Produces content that [is] beneficial to advertisers:’

Anthony Napoli, a union representative with the Newspaper Guild, tells us: “Time Inc. actually laid off Sports Illustrated writers based on the criteria listed on that chart. Writers who may have high assessments for their writing ability, which is their job, were in fact terminated based on the fact the company believed their stories did not ‘produce content that is beneficial to advertiser relationships.’”

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People Accounts for 20 Percent of Time Inc.’s Revenue

A lot of people are dependent on People. The glossy — according to magazine consultant John Harrington  raked in about $1.5 billion last year; meaning it accounts for 20 percent of Time Inc.’s revenue.

With that much riding on one magazine, Harrington told The New York Times that People needs to adapt, and do so quickly. “It’s got to do something that is uniquely different from what it used to do because that information is available so much quicker from other sources,” he said.

Despite People being Time Inc.’s best performing brand, Jess Cagle, People’s editor, insisted he’s not stressed. “I certainly don’t think that I am responsible for the survival of Time,” he told the Times.

No word on what everyone else at the publisher thinks.

Jill Abramson Added to NYC Re/code Event

Right after Labor Day, former New York Times executive editor Jill Abramson will make her first non-commencement-address stage appearance since being booted from the Grey Lady. As part of a Thursday September 4 Re/code Code/Media series event.

ReCodeMediaSeries_09_04

From co-producer Peter Kafka’s note:

You may not be familiar with [Meredith] Valiando Rojas. But there’s a good chance your kids have been to one of her shows, or want to go: she’s the CEO of DigiTour, the Live Nation for the Web video generation, which puts on sold-out concerts featuring YouTube and Vine stars. And if that seems odd to you, that’s just fine with her: Ryan Seacrest and Conde Nast’s Advance Publications are already believers.

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Time Inc. Testing Higher Prices for People

Time Inc. has come up with a brilliant idea to increase revenue: Make rich people pay more for the pleasure of reading about other rich people.

According to The New York Post, the publisher is currently charging different prices for People — single copies of the glossy are more expensive in affluent cities and less expensive in other areas. The move comes on the heels of People raising its cover price to $4.99 — its first price hike in five years.

“Magazines are one of the few products that have one price nationally,” Time Inc.’s CEO, Joe Ripp, told the Post. “That makes no sense to me.”

We agree. Hopefully the wealthy readers of People somehow manage to cope with this dramatic change in their lives.

Time Inc. Posts Ad Revenue Increase, But Big Net Loss

timeinc_logo_2.25.10In Time Inc.’s first quarterly report since becoming an independent company, the publisher posted a three percent gain in ad revenue. That jump was mostly due to a 12 percent increase in digital ad revenue. The company was also helped by — believe it or not — print. Time Inc.’s acquisition of American Express Publishing, which included Food & Wine, Travel & Leisure and Departures, led to a year-over-year bump in ad dollars.

Despite this good news, the company posted a net loss of $32 million, compared to a $75 million profit last year. Which is probably why Joe Ripp, Time Inc’s CEO, used dreaded words such as “leaner” and “nimble” in his statement. Those words translated: layoffs are on their way.

“Time Inc. is undergoing a significant transformation as we extend our powerful brands across platforms, work to develop adjacent business opportunities, and move toward a leaner and more nimble operating culture,” said Ripp. “We had a solid second quarter, we are making real progress, and we are executing.”

Morning Media Newsfeed: Murdoch Withdraws Time Warner Bid | New Leaker Emerges

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After Pushback, Murdoch Abandons Fox’s Pursuit of Time Warner (NYT / DealBook)
At 4:07 p.m. Tuesday, the chief executive of Time Warner Inc., Jeffrey L. Bewkes, received an unexpected email. “On behalf of our board and senior management team, I am writing to inform you that we are withdrawing our offer to acquire Time Warner, effective immediately. Sincerely, Rupert Murdoch.” A hand-delivered letter bearing the same message arrived soon after. TVNewser In short, Murdoch’s 21st Century Fox withdrew its bid for Time Warner, CNN’s parent company. FishbowlNY Early last month, word leaked that Murdoch’s bid of $80 billion was rejected, which raised speculation that he’d try everything in his power to make it happen. Instead, the opposite has occurred. Politico / Dylan Byers on Media Subsequent reports speculated that Murdoch, dogged in his pursuit of an acquisition, would consider upping the offer by as much as $13.5 billion. Had such a deal gone through, it would have merged the country’s top-two cable providers, giving Murdoch control of several top-rated cable networks, including TNT, Fox News, TBS and Cartoon Network. WSJ Fox cited both Time Warner’s unwillingness to “engage with us” and a sharp drop in Fox’s stock price which made a deal “unattractive to Fox shareholders.” Fox’s stock had fallen about 11 percent since news broke last month that it had made a takeover offer for Time Warner, valued at $85 a share.

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Marie Claire Names Fashion Director, Time Inc. Names SVP of Sales

A couple Revolving Door items to note this morning, involving Marie Claire and Time Inc. Details are below.

    • Libby Conover has been named Marie Claire’s international fashion director, a publishing-side role. Conover comes to the magazine from GQ, where she served as style and entertainment director since 2012. She starts August 18.
    • Time Inc. has named Mark Ellis senior VP of corporate sales. He comes to Time Inc. from Yahoo, where he spent the past three years as VP of North American sales. This marks a return to Time Inc. for Ellis, as he previously served as publisher of Time Inc. New Media and publishing director of Sports Illustrated.

Norman Pearlstine Opens Up

Norman Pearlstine, Time Inc.’s chief content officer, is not afraid to speak his mind. When Time began selling ads on its cover, Pearlstine brushed aside the notion that the practice was a bad thing, even though it broke ASME’s number one guideline.

In a wide-ranging interview with WWD, Pearlstine shares some more thoughts about the industry. Below are a few highlights, but be sure to read the entire piece.

On the future of Time, EW, SI and People:

You can’t just reprise the news. You have to have journalism that makes a point and you have to be in sync with your audience. When I think about Sports Illustrated, when I think about People, Entertainment Weekly, Time — all four of them have editors who are very much in touch with their readers and that’s a comfort to me.

On replacing Andy Serwer, Fortune’s longtime editor, with Alan Murray:

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Norm Pearlstine Chats with the Observer

The transcribed Q&A is relatively brief. But when the interviewee is Time Inc. executive vice president and chief content officer Norm Pearlstine, much of it can be mulled.

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In answering Kara Bloomgarden-Smoke‘s second question, Pearlstine paints a wonderfully accurate and vivid picture. It’s something we too have noticed – in this case, truly, as non-media critics – at the neighborhood supermarket checkout line:

“If you stand at a checkout counter, you’ll see people on their tablets, on their cellphones. Traditional media has to respond to that…”

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