Magazine Publishers Announce Joint Venture For Digital Future, Salvation?
There have been whispers in the publishing world for months now about a group solution to the print problem, in which all of the big dogs -- including Condé Nast, Hearst, Meredith and Time Inc. -- would come together to offer competitive marketplace solutions to widespread magazine woes. First, there was the leaked Time Inc. memos that considered a publishers partnership to compete with Amazon's Kindle, followed by an Observer piece floating even more details of the mag world Voltron. (more...)
Condé Nast, Hearst, Time Inc. Form Super-Conglomerate To Save Print
Some of the biggest rivals in magazine publishing are close to a deal that would combine their forces in an effort to resuscitate a dying print industry. Titans of the media world -- including Condé Nast, Heart and Time Inc. -- are working to form an alliance that would recreate magazines for a digital age, in a plan that includes new mobile iterations sold in an iTunes-like store, as well as print magazines, according a report in The Observer. It's like a publisher's version of Voltron. (more...)
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