Time Inc rejects $1.8bn bid from media executives

According to the FT, Time Inc, the publishing company that owns Sports Illustrated, People and Time magazines, has rejected an unsolicited bid worth close to $1.8bn from a consortium backed by Len Blavatnik, the billionaire owner of Warner Music Group, according to people briefed on the offer.

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Flashes&Flames: Here is the answer newspapers are not looking for

Display and classified revenues once swelled the profits of daily newspapers but also wrecked the relationship with their readers who became mere statistics with which to sell advertising. Readers (sometimes attracted as much by classified jobs ads as by journalism) became less important than advertisers who provided up to two-thirds of revenues and often 100% of profits

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Still in vogue: luxury magazines defy print market gloom

With 100-year-old Vogue and design and lifestyle bible Wallpaper producing their biggest-ever issues – and “handbag” size pioneer Glamour seeking to bulk up to a bigger, glossier edition – the luxury magazines appear to be defying the advertiser and reader exodus rapidly eroding the rest of the magazine market

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Haymarket acquires British Home Awards

Press Release: Haymarket Media Group and Tee to Green Marketing are pleased to announce Haymarket’s acquisition of the British Homes Awards (BHA). Each year, the British Homes Awards (currently in partnership with the Sunday Times) champions the best in contemporary design. This year’s Awards took place in October 2016.

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Vivendi chief stokes hopes of Havas merger

Arnaud de Puyfontaine, chief of the French media company, told delegates at the Morgan Stanley Technology, Media and Telecom Conference that he had been working closely with Yannick Bolloré, head of Havas and son of Vivendi’s chairman and main shareholder Vincent Bolloré, and that he believed a tie-up made sense. “It is a fine line between the two operations,” he said

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How the FT grows subscriptions by focusing on journalism

It’s a solid business model, and combined with its unique position in Europe makes its acquisition by Nikkei in July of last year easy to understand. There isn’t another publication quite like the Financial Times, and its 805,000 paying subscribers are testament to that. Speaking at Web Summit earlier this week, its chief product and information officer Cait O’Riordan explained how the publication’s focus on accurate journalism encourages people to move along the funnel from free user to paid subscriber

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