Byron Allen seriously interested in buying Tribune Media

Byron Allen, the comedian turned media mogul, is in the hunt to buy Tribune Media, the 42-station TV network, which went on the block for a second time earlier this year. Allen, who paid $300 million for the Weather Channel in April, owns LA-based Entertainment Studios, an independent movie production company, and has been on the prowl to expand his […]

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Talks collapse between Daily News drivers union, Tronc

Talks have collapsed between the struggling Daily News, Tronc management and its drivers union, the Newspaper and Mail Deliverers Union, sources tell Media Ink. The union, which opened negotiations seeking a buyout of $500,000 per driver, had cut that demand in half to only $250,000 per driver. It also sought to preserve about one third of the current union workforce, […]

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Condé Nast chief expects several more years of losses

Condé Nast is trying to be more transparent as it grapples with what is expected to be several more years of losses at the glitzy publishing house. On Wednesday, CEO Bob Sauerberg held a town hall meeting where he told employees that the company expected to cut losses in 2018 but would still be operating in the red in 2019 […]

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Top Meredith exec mysteriously leaves job

At Meredith, the chief creative officer of The Foundry, a video and native advertising division, was out rather mysteriously recently. Chris Hercik, a former creative director at Sports Illustrated, moved into the Foundry job only in November as the Meredith takeover was nearing its conclusion. Hercik did not return an email via LinkedIn, where he had recently updated his entry […]

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Bidding for Time, Fortune, and Money surprisingly strong

Selloff activities and employee purges continued at Meredith this week. Sources say Citigroup is lining up management presentations for next week for potential suitors interested in buying Time, Fortune and Money, three of the four titles that are being divested. Sources say that bidding for the three has been surprisingly strong with the Fortune/Money combo and Time drawing bids close […]

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Men’s magazines may boost focus on fashion

Men’s Health Editor-in-Chief Richard Dorment made his first appointment since taking over the title a month ago, making an aggressive push into fashion with the hiring of Ted Stafford to be the fashion director. Stafford was the fashion market director at GQ from 2012 to 2018. Meanwhile, at GQ, cutbacks continued on Wednesday, with Senior Fashion Editor and Grooming Director […]

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