Award-winning foodie magazine Saveur drops print edition (nypost.com)

Meredith Corporation announced that early termination of the waiting period has been granted under the Hart-Scott-Rodino Antitrust Improvement Act of 1976 applicable to its acquisition of Time Inc. As a result, Meredith plans to complete the transaction – first announced on November 26, 2017 – within the next 30 days, subject to satisfaction of the other terms and conditions of the tender offer. Meredith also announced that it intends to offer, subject to market and other customary conditions, up to $1.4 billion in aggregate principal of new senior unsecured 8-year notes (the "Notes"). Meredith intends to use the net proceeds of the proposed offering to fund a portion of its proposed acquisition of Time Inc.; to repay existing Meredith and Time Inc. indebtedness and credit facilities; and pay other fees and expenses related to Meredith's acquisition of Time Inc. and the related refinancing. Click Read More below for additional information.

Fiction rode to the rescue again to lift up unit sales of print books 6.4% last week over the week ended June 27, 2020, at outlets that report to NPD BookScan. Adult fiction sales increased 28.1%, young adult fiction sales jumped 49.6%, and juvenile fiction sales were up 11.2% over last year. The jumps offset continued weakness in adult nonfiction, the industry’s biggest category, where sales fell 8.7%. The big gain in adult fiction unit sales was notable since the increase was achieved without any new releases making a splash. The President’s Daughter by James Patterson and Bill Clinton remained #1 on the category list, selling more than 30,000 copies. Two books released early this spring had good weeks: People We Meet on Vacation by Emily Henry, released on May 11, sold over 21,000 copies, good enough for fourth place on the adult fiction list; and Malibu Rising by Taylor Jenkins Reid, which came out on June 1, was fifth on the list, selling over 18,000 copies.

No such thing as too much good news… Right? Congratulations to our New York office for their double win at the Min - Magazine Awards last week. The National for Amtrak won “Launch of the year” and Rhapsody for United won "Cover of the Year" for a beautiful shoot with Oscar winner Eddie Redmayne by Jason Bell. Magazine Launch for the National Cover Design Portfolio - for Rhapsody Also in the pipeline are the upcoming Eddie and Ozzie in October where we have a phenomenal and unprecedented 11 nominations. Is it the taking part right? Congratulations to the Oryx, American Way, Hemispheres, The National and Mabuhay teams and to Kerstin Zumstein and Jamie Trendall for their personal nominations for editor and designer of the year respectively. The Awards ceremony will be held in New York in mid-October and we have our fingers crossed in anticipation. Click Read More below for more of the story.