Two Billion Dollar Vice
In a bid to buy both cool and a digital media presence, Time Warner is reportedly talking to Vice Media about a deal. The details are murky, but could involve Time Warner infusing Vice with up to $1 billion in cash and spinning off its HLN cable news network. The reports, which value Vice at around $2 billion, follow Time Warner's spin off of its legacy magazine unit, Time Inc.
Moneymen Are Taking Over Time Warner
Phil Kent, the longtime head of Turner Broadcasting, announced Wednesday that he was leaving the company, to be replaced by John Martin, the current chief financial officer of Time Warner. The elevation of Martin puts another business, rather than creative, executive in charge of a Time Warner division.
Former "InStyle" Publisher Said To Be Heading Back To Condé
Industry rumors peg Connie Anne Phillips, who left her role at InStyle' earlier this month, as returning to her previous employer: Condé Nast. “Condé’s been trying to get her back since the day she left. She’s a great marketing executive we shouldn’t have let go,” said one source at the company.
The Future of Magazines
First the Kindle, then the Nook, now Time Inc. has unveiled their own touch screen interactive Tablet with a video demonstration of a tabletized Sports Illustrated. Features include being able to re-arrange the pages in the order you want to read them, more photos, a social media integration for sharing articles and video elements (think swimsuit issue). The link takes you to a pretty cool video explaining everything.