News Corp. reported better circulation figures for its Dow Jones unit for the quarter ending in June, but that was offset by one-time write-downs on its overseas print units. NY Post reports… http://nypost.com/2017/08/10/circulation-up-at-dow-jones/
Modern Luxury Acquires GreenGale Publishing
According to “ADWEEK” Incoming magazine titles include Gotham, Hamptons and Los Angeles Confidential….
Hamptons Newspaper “The Independent” is Sold
NY Post reports that billionaire investor, Ron Perelman has purchased the Haptons newspaper from legendary ad man, Jerry Della Famina…
“Us Weekly” $old for $100-million
According to NY Post, Us Weekly has been purchased by American Media…
Time Inc to Cut Dividend
Reuters article discusses Time Inc’s (TIME.N) shares plunging after the magazine publisher slashed its dividend amid a push to cut costs, following its decision to not sell itself.
Trade Magazine Group Sold
Irving Azoff and partner are buying music trade publications further validating the power of print supporting a resurgent music business. According to Scoop Marketing
Meredith Corp Still In The Running To Buy “Time”
March 25, 2017 Meredith leads the pack of potential Time Inc. buyers The sale of Time Inc, valued at about 2-billion dollars, is imminent. Meredith is considered the favorite. Time Inc’s stock has risen 40% since November. The deal is said be at $20/share. According to Media Life