Done in by digital? What will the sale of Time mean for the industry?2017-11-29
On Monday, a once mighty media juggernaut was sold off for $2.8 billion dollars. Time Inc. – the publisher of Time, Fortune, Sports Illustrated and People was now property of the Meredith Corporation. The Des Moines, Iowa-based company better known for its Better Homes and Gardens, Family Circle, Parents and Family Fun magazines.
It’s a bitter and sad end for Time. The company was once the industry leader in magazines and world-respected periodicals. The magazines were’ must-reads’ for the informed. But times have changed, and Time never did catch on or catch up with the digital wave that has transformed journalism as we know it.
So, what will all of this mean?
Can the world of print media survive and adapt to changing times and tastes?
As well, with shrinking circles of media ownership – will regulators let this sale proceed?
And what will this mean for the many journalists? More job cuts and shrinking news rooms? Will they move from NYC to Iowa? Has the lustre and allure of being a New York based journalist lost its shine?
There are a lot of questions that still need to be addressed and answered. That’s where the experts from Cedarville University can help.
Dr. Marc Clauson is a professor of history and law at Cedarville. Marc is an expert in the fields of anti-trust regulation and the economic impact of mergers and takeovers like this. Dr. Clauson is available to speak with media – simply click on his icon to arrange an interview.