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Thursday, November 19, 2009

Can Adobe and Apple Play Nicely When–And If–The Tablet Shows Up?

kid fight

Adobe is preparing to put magazines on Apple’s purported wondertablet. But what if that device, like Apple’s iPhone, doesn’t want to work with Adobe?

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Wednesday, November 18, 2009

Condé Nast’s Offering for Apple’s Mystery Tablet: Wired Magazine

cover_wired_190Here’s yet another content creator that’s convinced Apple has a tablet device in the works: Condé Nast says it will have a digital version of Wired magazine ready for the purported gadget by the middle of next year and will eventually create similar versions for all of its 18 titles.

But Condé, like other publishers, says Apple won’t actually talk to the company about its plans for the device–or even acknowledge that it has plans.

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Thursday, November 12, 2009

AOL’s Mass Layoffs Will Cost $200 Million

AOL formally acknowledged that it plans on a round of very large cuts: In a filing with the Securities and Exchange Commission, the Time Warner unit said it plans on taking up to $200 million in restructuring charges through the first half of 2010. Earlier this week, Kara Swisher reported that AOL’s coming spinoff would be followed by layoffs of up to 1,000 employees.

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Wednesday, November 11, 2009

Strength in Numbers? News Corp. May Join Time Inc.’s “Hulu for Magazines.”

rupert-murdochWhile Rupert Murdoch is busy thumbing his nose at Google, he is making more friendly overtures to other media players. Sources tell me his News Corp. may join the digital e-reader storefront that Time Inc. and other magazine publishers are putting together.

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Wednesday, November 4, 2009

Why Time Inc. Is Slashing Jobs: The Chart

Time Warner CEO Jeff Bewkes kicked off his quarterly earnings call by explaining why the company is cutting hundreds of jobs in its Time Inc. magazine unit.

But if you’re impatient, you can simply look at this grim chart, which details the publisher’s Q3 performance

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Time Warner Gives Wall Street a Pleasant Surprise, but Has Bad News for Time Inc. Employees

bewkesYesterday, Viacom told Wall Street that its third quarter had been better than most analysts expected. Today Time Warner delivered a similar report: Revenue was on track, but cost savings improved the bottom line. That won’t help hundreds of Time Inc. employees who face job cuts this quarter. Meanwhile, the company can’t ditch AOL soon enough: It has already spent $100 million prepping it for a spinoff this year.

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Friday, October 30, 2009

BusinessWeek’s Future Is Cloudy, but Better Than It Could Have Been: The Grim Non-Bloomberg Scenario

clint-escapesBusinessWeek employees are waiting to hear if they’ll have jobs once Bloomberg takes over the publication, and I’m told that staffers expect to hear their fate shortly after Thanksgiving. That has to be unnerving, but I can at least offer a little bit of comfort in the worst-case scenario employees would be facing had they been purchased by private equity firm ZelnickMedia. The short version: Almost everybody gets fired.

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Bad News From the Washington Post: Ad Sales Slide Again

newspaperlessMany newspaper publishers say the ad sales slump has stopped, but not at Wapo: Both print and Web ad declines accelerated over the last quarter. Newsweek, meanwhile, saw its ad sales drop by half.

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Wednesday, October 28, 2009

Whoops! Are Reports of the Ad Recovery Greatly Exaggerated?

sunshine-cloudHere’s the counterpoint to Publicis’s mildly optimistic take on the ad market yesterday: Rival ad-holding company Interpublic Group’s report, which is mildly pessimistic. But the takeaway is the same: If things get better, anyone who’s not Google won’t see much real sign of it until next year.

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Tuesday, October 27, 2009

What Does the New York Times Really Know About Apple’s Tablet? “I Ain’t Sayin’,” Says Editor Bill Keller.

bill-kellerAll the news we can’t tell you about? Most publishers can’t even get Apple to acknowledge that it’s working on a tablet, but maybe the newspaper of record has more pull. In any event, its top editor is staying mostly mum.

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Tuesday, October 13, 2009

Bloomberg Buys BusinessWeek For a Song, Plus Up to $5 Million

newstandWhat’s one of the biggest names in magazine publishing worth? These days, maybe $5 million.

That’s the high end of the range Bloomberg will be paying for BusinessWeek, reports BusinessWeek. Next question: How many of the magazine’s employees stay on once the deal closes later this year? BusinessWeek publisher Keith Fox can’t make any assurances. But he does call the deal “exciting.”

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Fighting Words! Time Warner Says Comcast/NBCU as Dumb as…Time Warner/AOL.

bewkesJust in case anyone thought Time Warner had any lingering interest in NBC Universal, this ought to put it to rest: Time Warner CEO Jeff Bewkes just compared the proposed Comcast/NBCU deal with the disastrous one his company made with AOL nearly a decade ago.

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Friday, October 9, 2009

Condé Cuts Continue: 15 at Digital, More to Come

conde-nast-buildingCondé Nast, which shuttered four magazines this week, said it won’t be cutting any more titles. But that won’t be the last of its cuts: The publisher is looking to cut costs by roughly 25 percent at all the magazines it publishes, likely leading to layoffs in many cases.

Today’s example doesn’t come from a magazine per se, but from the company’s digital group, which let go of “more than” 15 people, Expect more to come from Condé, and from other publishers, in coming weeks.

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Monday, October 5, 2009

Here Are the Condé Nast Cuts: Modern Bride, Elegant Bride, Gourmet, Cookie Closing

conde-nast-buildingHere are the long-awaited cuts that Condé Nast has been mulling: Modern Bride, Elegant Bride, Gourmet and Cookie are all closing. More details via an internal memo from CEO Chuck Townsend.

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Friday, October 2, 2009

Publishers Like Time Inc.’s “Hulu for Magazines” Pitch. What Will Apple and Amazon Say?

genieTime Inc. has spent the past few months convincing other publishers to join a new joint venture aimed at a market that doesn’t really exist yet–magazine-like publications to be delivered via e-readers like Amazon’s Kindle and Apple’s rumored tablet. Publishers like the idea. What will Apple and Amazon say?

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About Peter

Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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