Is Time Inc Inching Toward a Sale

first_imgAddressing a media conference in London, Time Inc.’s chieffinancial officer John Martin said he expects the Time Inc. publishing unit tobe a “growth business,” despite a “difficult secularenvironment” in print advertising, according to a Marketwatch report.Here’s the important part: “Digital revenues are now close to 15% of allrevenues at Time Inc.”:Martin did not rule out the sale of certain magazine titles,but added that one thing necessary to make the business grow is “economiesof scale,” and thus Time Inc. must maintain a strong roster ofpublications.It seems like every time a Time Warner executive speaksabout the future of Time Inc., it’s in decidedly cryptic drips and drabs, andno real numbers attached. So Martin’s were, at once, refreshing/maddening.But he’s clearly been following the path Jeff Bewkes, TimeWarner CEO [pictured], his boss, has been laying out ahead of him. Here’s what Bewkes said inFebruary: “We’re good at publishing. We’re a leader in theindustry. It’s a good business we think. As it expands out beyond print intodigital we think it can turn into a growth business,” Bewkes said, addingthat keeping Time Inc. intact “depend[s] on our being able to demonstrate thatto ourselves and our investors.”All of this is reason enough to dust off this post, entitled”What aTime Inc. Spin-Off Might Look Like.”last_img read more

The Wilmington Insider For July 7 2018

first_imgWILMINGTON, MA — Below is a round-up of what’s going on in Wilmington on Saturday, July 7, 2018:Happening Today:Weather: Sunny, with a high near 77. Light northwest wind.In The Community: Wilmington High School Class of 1968 celebrates its 50th Reunion tonight at the Wilmington Knights of Columbus Hall (112 Middlesex Avenue). For more information, contact organizer Steve Gerhartz at wilmingtonhs1968[at]gmail.com.In The Community: Town Beach is open. Lifeguards are on duty from 10am to 8pm. Here’s what you need to know.In The Community: The Friends of the Wilmington Memorial Library’s Book Store Next Door (183 Middlesex Avenue) is open from 10am to 4pm. All books are $2 or less! Every penny of every sale benefits the Wilmington Memorial Library.In The Community: The Wilmington Food Pantry (142 Chestnut Street) is open from 10am to noon for food donation drop-offs. Learn which food items the Pantry is most in need of HERE.MBTA Reminder: Beginning today, there will be no weekend commuter rail service on the Lowell Line (Wilmington Center) until December. A free shuttle bus will be available. Learn more HERE.(NOTE: What did I miss? Let me know by commenting below, commenting on the Facebook page, or emailing wilmingtonapple@gmail.com. I may be able to update this post.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… Related5 Things To Do In Wilmington On Saturday, July 27, 2019In “5 Things To Do Today”The Wilmington Insider For September 29, 2018In “5 Things To Do Today”5 Things To Do In Wilmington On Saturday, July 6, 2019In “5 Things To Do Today”last_img read more