Rolling Stone's Kanye West Cover Concept Deja Vu for Howard Stern
Articles by FOLIO: Magazine Staff
If this week is any indication, it seems publishers are beginning to move past talking about the Web in 2006 to actually producing stuff to talk about. New online product announcements;from Ziff Davis, Penton, Inc. and New York, among others;ranged from core to cosmetic, but the fault-lines along which publishers are moving are utterly clear.
On the heels of a pre-Christmas layoff of 105 management-level staffers, during which its CEO hinted at more to come, Time Inc. is moving this week to cut nearly 100 more from its ranks, the company confirmed.
Meredith announced today that CEO William Kerr will step down from his post in July. President and COO Steve Lacy will succeed him.Kerr will remain on the company's board as non-executive chairman.
buyer: JP Morgan | seller: Veronis Suhler Stevenson | price: $650 million | date: May takeaway: The largest magazine deal of the year (and second largest b-to-b deal ever) will be worth every penny;if Hanley Wood continues to grow.
buyer: Lebhar-Friedman | seller: Dowden Health Media | price: $41 million | date: March takeaway: Lebhar-Friedman diversifies beyond its longtime core markets, but did it make the right choice as a line extension?
Despite the influx of technologies that should make magazine workflow easier, the process of producing a magazine and bringing together all the components;editing, advertising, art;and sending it in a workable file to the printer is getting no less difficult or complicated.
I'm a publisher who started as an editor. I've been an editor in chief, a group publisher, even an editor/publisher. It would stand to reason, then, that I would be an advocate for organizations promoting their top editors to publisher positions when practical.
q: What were your thoughts coming into last year?
buyer: Wasserstein & Co. | seller: Primedia Business, Kohlberg Kravis Roberts | price: $385 million | date: August takeaway: Primedia's sale of its business division left the shrinking company with only its top breadwinners;enthusiast and consumer guides. Freshly renamed Prism Business Media gives Wasserstein, now a major publishing player, an instant platform for bolt-on deals.