Cygnus Business Media today announced to employees that it is entering a restructuring under Chapter 11 of the U.S. Bankruptcy Code that will result in a secured debt-equity exchange to reduce the company's debt.
Articles by Matt Kinsman
Magazine publishing revenue fell 27 percent to $45.5 million in the second quarter for The Washington Post Company, with Newsweek seeing a 40 percent drop in ad pages for the second quarter of 2009 and a 32 percent decline for the first six months of the year.
When Harbor Communications got wind in 2007 that Penton Media had decided to shutter Convenience Store Decisions, it pounced with an acquisition offer.
A group of investors suing Entrepreneur have filed an opposition to the magazine’s motion to dismiss its $178 million lawsuit.
Advertisers have publishers over a barrel and many are starting to make requests that could have long-term competitive consequences, such as sharing the subscriber list.
Digital editions have been positioned as value-added for so long that first attempts at developing an advertising rate card can leave publishers at a loss.
The wisdom of paid online content is still debatable but blog sponsorships and paid content are the most profitable e-media revenue streams, with more than 50 percent of respondents saying they see a profit margin of more than 30 percent from these two areas, according to the 2009 FOLIO: E-Media Survey.
When Wenner Media plucked Steve Schwartz last December from Reader’s Digest to be its new chief digital officer, Gawker took a swipe at Schwartz’s previous company, facetiously referring to it as “that
Digital editions have been positioned as a value-add for so long that first attempts at developing an advertising rate card can leave publishers at a loss.
UPDATE: Spanfeller Denies Being Pushed OutForbes.com president and CEO Jim Spanfeller is stepping down to focus on setting up his own media management company.