Time Inc. today announced that it has signed a major partnership deal, allowing distribution of its original video content across Hulu, Yahoo and Zealot Networks platforms.
Time launched its digital video partner network in 2013, allowing the publishing giant’s media brands to distribute digital programming across multiple sites and platforms. Hulu, Yahoo and Zealot Networks now join Time’s network of nearly 20 partners, which includes Amazon, AOL, CBS, Gannett/USA Today and Nextstar Broadcasting. The company soon plans to expand its network overseas.
The move signals Time’s increasing forays into video frontiers. Recent programming from the company’s brands include documentary series “Building Hope,” “A Year in Space,” and “New Orleans Here & Now." The company acquired several live media and digital properties this year.
This year, Time’s video network was the source of more than 1 billion video streams. The company in August hired Michael Erlinger of WPP's GroupM unit to help develop a business plan for the publisher’s heralded video expansion.
Time Inc. is soon set to open a video production studio at its new lower Manhattan headquarters. The company moved to its 225 Liberty Street address in November.
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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