The Hollywood Reporter today launched its East Coast magazine, The Hollywood Reporter: Premier Edition-the result of a ballpark $5 million investment by parent company Nielsen Business Media.
Articles by Joanna Pettas
An imminent rise in paper costs is not a shock for most publishers. While prices have been falling for about two years now, Verso-the current largest supplier of coated mechanical paper-reported a $63.8 million net loss in the first six months of this year, down from a net income of $5.7 million during the same period of 2006. On top of that, supply is down.
After 37 years at Newsweek, Rick Smith has decided that it’s time to “loosen up [his] track shoes,” as he wrote in a memo. Smith is giving up, as he wrote, “most of his titles,” including CEO, held for 16 years.
Edwin S. Grosvenor, the great-grandson of telephone pioneer Alexander Graham Bell, purchased a 75 percent share of American Heritage magazine from the Forbes family earlier this week for $11 million.
After January, the United States Postal Service can’t raise postage by a rate higher than that of inflation—or around 3 percent, which is significantly less than the 10 to 15 percent or higher jump seen by many mailers last year. On top of that, under new postal reform, mailers are being guaranteed a standard of service on flat-mail rates.
Verso Paper—a major supplier of coated mechanical paper—may be getting ready to buy Sappi, the top supplier of coated freesheet, a number of sources tell Folio:. “It’s a rumor that’s been kicking around for a while,” says one source.
Meredith has made its latest “win-win” deal, according to chief development officer John Zieser.
The focus of Thursday’s DeSilva + Phillips Healthcare Media M&A Summit was the need for media to respond to the many changes on the health care front. One key change is the growing threat of communicational disconnect between doctors and their patients, information sources and pharmaceutical companies.
After nearly two decades in the publishing marketplace, Reprint Management Services has been acquired by the YGS Group, a graphics communications firm.
CMP has appointed Joseph Braue senior vice president and group director of Light Reading. Braue has worked 20 years in the industry, most recently as senior vice president of CMP Integrated Marketing Solutions. Before that, he was vice president and group publisher for Data Communications magazine.