Meredith Acquires Allrecipes.com, Money Magazine Redesigns, NBC Publishing Forms, & Tablet Ownership Doubles:
Welcome to TFP’s weekly roundup of interesting and noteworthy stories from the publishing world. This week we’re discussing Meredith Corp.’s new purchase, how Money magazine redesigned, NBC News’ new venture, and increases in the tablet and e-reader markets.
- In a big move, Meredith Corp. purchased top recipe website AllRecipes.com from The Reader’s Digest Association on Tuesday. According to publishing industry news site Min, the transaction is valued at $175 million. Meredith also recently purchased Every Day with Rachael Ray, Eating Well, and FamilyFun. There are no plans to combine the company’s Recipes.com with the newly acquired Allrecipes.com at this time.
- Money magazine turned 40 years old in 2012 and decided it was time for a new look. The print edition of the magazine got a complete redesign, while a tablet edition of Money entered the company’s workflow for the first time. Take a look at the process Money went through in order to redesign its print edition, and how it designed and implemented the tablet edition.
- NBC News announced the creation of NBC Publishing, a new business unit focusing on digital publishing and e-books. Hoping to take advantage of the growing tablet and e-reader market, NBC Publishing will repurpose the company’s news coverage to create e-books and digital singles.
- The holiday season was good to the tablet and e-reader markets. Nearly 29% of Americans now own either a tablet or an e-reader, whereas only 18% of Americans owned one of those devices prior to the holidays.
This Week in Publishing appears every Friday on the TFP blog. Every week we compile interesting and noteworthy stories from the publishing world and put together a wrap-up to help our readers stay up-to-date. Think we missed something great? Leave a comment below and let us know.
Posted by: tfpadmin