Newsweek Reports $2.3M Loss During Q1
Two days after announcing that it was putting Newsweek up for auction, the Washington Post Co. says the magazine lost $2.3 million through the first quarter of 2010, which ended April 4.
Articles by Jason Fell
Who Would Buy Newsweek?
After years of hefty losses, the Washington Post Company Wednesday said it had hired media and entertainment investment bankers Allen &
Cost Reductions Help Curb Playboy’s Losses Through First Quarter
About five months after farming Playboy magazine’s advertising sales, circulation, marketing, production and all other business operations to American Media Inc., parent company Playboy Enterprises reported a net loss during the first quarter of
RBI Tells Third Party Buyers to Wait for Shuttered Titles
More and more of the 23 shuttered Reed Business Information titles are finding new lives as deals continue to pop up that have their former RBI managers assuming ownership.
Art & Antiques Sold
CurtCo Publishing has sold Art & Antiques to Phillip Troy Linger, the founder and former publisher of Brentwood magazine. Financial terms of the deal were not disclosed.
Newsweek Put on the Block
The Washington Post Company has put Newsweek magazine on the block. The newspaper publisher said today that it has retained Allen & Company to explore a potential sale.
Ad, Sub Revenues Increase at Time Inc.
Time Inc. parent Time Warner today reported that total adjusted operating income jumped 37 percent to $1.4 billion through the first three months of 2010—what it says is its highest quarterly profit in company history.
Paper Prices on the Rise Again
Last week, the American Spectator sent a letter asking some 60,000 e-mail subscribers to cough up donations to help offset increased paper costs.
People Managing Editor Elected ASME President
The American Society of Magazine Editors has elected People magazine managing editor Larry Hackett as president. Hackett [pictured] succeeds Runner's World editor-in-chief David Willey.
Hachette Creates ‘Emerging Platforms’ Position
In a move to further manage its content across platforms like the iPad, Hachette Filipacchi Media U.S. has created a new position called vice president of emerging platforms. Florent Peyre, Hachette’s vice president of business and corporate development, will assume that new position.
