WINSTON-SALEM, N.C. (AP) — The chancellor of the University of North Carolina School of the Arts says he is resigning to become chief executive of UNC-TV Public Media North Carolina.
NEW YORK (AP) — Media and publishing giant Meredith Corp. says it is selling its Fortune brand for $150 million in cash to Fortune Media Group.
The deal, subject to regulatory approval, is expected to close by the end of the year. Meredith said Friday it will use the proceeds to pay down debt.
Fortune Media Group is owned outright by Thai businessman Chatchaval Jiaravanon, a part owner of the international conglomerate Charoen Pokphand Group.
WASHINGTON (AP) — Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, it was announced Sunday.
Meredith announced that it was selling Time magazine for $190 million in cash to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer.
Meredith had completed the purchase of Time along with other publications of Time Inc. earlier this year.
DES MOINES, Iowa (AP) — Magazine and broadcasting company Meredith is laying off 200 more people as it continues to cut costs after buying Time Inc. earlier this year.
Meredith spokesman Art Slusark said Thursday that most of the job cuts are in the New York area, but 25 will be eliminated in Birmingham, Alabama, and another 15 will be cut at the company's headquarters in Des Moines.
Since the Time acquisition, Meredith has eliminate about 1,800 jobs and 800 other employees have left the company.
DES MOINES, Iowa (AP) — A day after announcing major job cuts, magazine publisher Meredith Corp. said it plans a $21 million remodel of its corporate headquarters in Iowa to accommodate 41 jobs it's transferring from New York.
The project announced Thursday comes as the company merges with Time Inc., which Meredith bought for $1.8 billion in January.
DES MOINES, Iowa (AP) — Magazine and broadcasting company Meredith laid off an additional 200 workers on Wednesday and announced it would eliminate another 1,000 jobs over the next 10 months as it integrates the operations of Time Inc., which it bought six weeks ago.
LONDON (AP) — British music magazine NME, which helped mold musical tastes for several generations, will stop publishing its weekly print edition.
Publisher Time Inc. UK said Wednesday that it will be "focusing investment on further expanding NME's digital audience." The final weekly edition will appear Friday.
Founded in 1952 as New Musical Express, the magazine became essential reading for fans and a coveted platform for musicians through the eras of Beatlemania, prog-rock, punk, indie and more.
DES MOINES, Iowa (AP) — Magazine and broadcasting company Meredith says it's closing a customer service center in Tampa, Florida, as it integrates the operations of Time Inc., which it acquired last week.
DES MOINES, Iowa (AP) — Magazine and broadcasting company Meredith is shuffling its top executives into new roles as it works to integrate its Time Inc.'s portfolio of magazines.
The Des Moines, Iowa-based company said Monday that current CEO Steve Lacy will become Meredith's executive chairman. The company's president and chief operating officer, Tom Harty, will become chief executive.
NEW YORK (AP) — Donald Trump paid $1.375 million in 1998 to settle a class action lawsuit involving Polish laborers who demolished a building at the site of Trump Tower, according to a settlement unsealed by a judge.
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:
Meredith Corp., up $6.55 to $67.55
The Better Homes & Gardens publisher agreed to buy Time Inc. for $1.8 billion, or $18.50 a share.
Barracuda Networks Inc., up $3.90 to $27.59
The cloud-based security and storage services company agreed to be bought by Thoma Bravo for $1.47 billion.
American Outdoor Brands Corp., up 45 cents to $13.73
Firearms makers rose on indications of strong gun sales on Black Friday.
NEW YORK (AP) — Magazine and broadcasting company Meredith is buying magazine publisher Time for about $1.8 billion, with help from the billionaire Koch brothers, to bulk up on readers as the publishing industry navigates the difficult transition to digital from print.
NEW YORK (AP) — Time Inc. is considering selling itself to fellow publisher Meredith Corp., according to media reports.
The New York Times initially reported that the New York-based publisher of Time and People is involved in a new round of negotiations with Meredith, the publisher of Family Circle and Better Homes and Gardens.
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday:
Time Inc., up $3.55 to $16.20
The New York Times reported that Meredith Corp. will make another offer for the publisher.
Wal-Mart Stores Inc., up $9.79 to $99.62
The retailer said online sales climbed in its latest quarter and food sales were strong as well.
Cisco Systems Inc., up $1.77 to $35.88
The internet gear maker forecast revenue growth for the first time in two years.
NEW YORK (AP) — Time Inc. says it will publish fewer print issues for seven of its magazines, including Fortune, Entertainment Weekly and Sports Illustrated.
The biggest change is at Sports Illustrated, which will drop to 27 issues annually from 38.
Time is also reducing how many copies it prints of its namesake weekly magazine to 2 million from 3 million.
NEW YORK (AP) — Magazine publisher Time Inc. says it's cutting 300 jobs as it struggles to adjust to readers' shift online.
The New York company behind its namesake publication, People, Sports Illustrated and Fortune says about half the jobs eliminated are in the U.S. About 60 percent are layoffs; the rest are staff buyouts. The cuts amount to about 4 percent of the company's staff as of the end of December.
NEW YORK (AP) — Time's stock tumbled Friday after the publisher said its board is not considering a sale of the company.
The New York-based company said that a number of parties expressed interest in the business. But Time's board decided the company was better off continuing with its current plan, which includes increasing revenue from its digital operations and using its brand on other platforms such as TV, events and new products.
NEW YORK (AP) — Human rights lawyer Amal Clooney, who represents victims of rape and kidnappings by members of the Islamic State group, urged a United Nations meeting to step up the pressure on the extremists, so why did her yellow dress and her "baby bump" also make headlines?