Time Inc. is abandoning its midtown Time & Life Building corporate headquarters of the past 55 years for 700K sq. ft. in the former World Financial Center complex in downtown Manhattan, across the street from the World Trade Center.
Tribune Company reported first quarter gains in its broadcasting operations offset declines in publishing as revenues climbed 21% on the $2.5B acquisition of Local TV, but net income fell 29.6% to $41.1M.
News Corp. CEO Robert Thomson reports third-quarter revenues dipped five percent to $2B, largely due to lower sales at its news and information services unit and the divestiture of the Dow Jones Media Group.
Martha Stewart Living Omnimedia reports that its Q1 publishing operating loss grew to $2.8M as revenue dipped 20 percent due to a fall-out in digital advertising and the absence of the Whole Living supplemental issue of Everday Food.
*O'Dwyer's is the only PR firm ranking which requires the top page of the latest corporate income tax return and W-3, establishing particpants as PR firms rather than ad agencies or other types of businesses.