Time Out New York Goes Free
Time Out New York will drop its paid newsstand sales and move to a free weekly distribution model this spring.
The nightlife and entertainment magazine said it will more than double its print run to 305,000, following sister publication Time Out London's similar move in 2012.
Time Out Group CEO Tim Arthur said the change is expected to grow the TO brand. " "In making the magazine a free opportunity, we anticipate the brand recognition will significantly increase amongst our target audience in New York and place us in a strong position for growth in New York, as well as elsewhere in the U.S.," he said.
TONY will be distributed on Wednesdays at commuter hubs and other points around New York, in addition to Barnes and Noble stores and at Madison Square Garden. Current subscribers will be asked to cover a "nominal" charge for postage.
Meredith Targets Latina Millenial Parents
Meredith has launched Parents Latina, an English-language magazine targeting US Hispanic millennial moms. Rate base is 700K. The magazine includes content from Parents and Ser Padres with topics like kid's health and nutrition, women's healthy and beauty, home and lifestyle, cooking and finance. Grace Bastidas (Latina, New York Magazine Weddings) is editor.
Newsweek Launches Asia Edition
Newsweek, which was bought by IBT Media last year, is launching an English-language Asia edition this month.
The first book, its April 24th edition, is slated for sale on April 17th and will include content from the American edition with a focus on the region, including China, South Korea, Taiwan, Hong Kong, Indonesia, Singapore and Malaysia.
It is the third major market for Newsweek under IBT, alongside the Americas and Europe-Middle East-Africa.
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
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