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Transcontinental Inc Predicts Slow Magazine Growth

first_img“For fiscal 2013, we continue to see some headwinds in the soft advertising market,” said Oliver. “We expect the media sector profitability to only slightly improve year-over-year.”Additionally, Transcontinental’s acquisition of Quad Graphics-Canada has allowed the company to further consolidate its printing network by using the group’s most productive assets. The deal, which was completed in March 2012, is expected to generate close to $200 million in annual revenues. “Over the last several years we have sold over $300 million of our print business—our goal is to focus on niches that will provide the most value,” added Oliver.Transcontinental Inc. also reached a $200 million deal with the Hearst Corporation for new terms and conditions to print the San Francisco Chronicle. “What happened in this market, particularly in the Bay area, instead of growth we got a decrease in circulation,” added Oliver. “The factory was over built—we needed to adjust the contract to the new reality of the Chronicle. In this new contract, it is a lot simpler to use all the potential assets for a fixed amount of dollars.”Oliver adds that the $200 million upfront payment by Hearst is to compensate for the depreciation and interest expenses related to the company’s original investment. Transcontinental will no longer charge Hearst because the company has now recouped 100 percent of its original investment. Under this new agreement Hearst benefits from price reductions of approximately $30 million per year. Transcontinental Inc., the largest printer in Canada and the fourth largest in North America, and publisher of over 30 magazines, saw a mixed end to 2012, reporting an increase in its revenues by 12 percent and adjusted operating income by 21 percent in the fourth quarter. The company’s community newspaper business remained strong and performed better than expected, but the same cannot be said for its portfolio of glossies. “The magazine side of the publishing business has remained challenging,” said François Oliver, the company’s president and CEO, in a Q4 earnings call last week. “As we stated last quarter, we were anticipating a soft national advertising market in Q4 and that is what happened. As a result, our [media sector] results were down year-over-year. As part of our strategy to build on our core multiplatform consumer brands we reviewed our portfolio of titles and made a decision to close [some of our] publications. This will enable us to focus on our more than 30 industry leading titles and expand our footprint in the market.”In November, the company announced that it would be closing More Magazine and Vita. The December/January 2013 issues of these titles are the last printed issues of the magazines. The company plans to focus more heavily on developing multiplatform media properties and digital editions.last_img read more

WILMINGTON REC REMINDERS Treat Mom This Mothers Day With A Trip From

first_imgWILMINGTON, MA — Mother’s Day is right around the corner! This year, why not celebrate your mom and/or grandmother with a fun day (or two) together? Consider a trip with the Wilmington Recreation Department as we will take care of all the details so you can enjoy your day!For the adventurous mom! How about spending a day in the Big Apple? We’re headed to NYC on Saturday, May 5. Plan to see a show, tour the 9/11 museum, visit the Statue of Liberty, or just take in all the sights of the city at your leisure. The time is yours to explore at your own pace. Cost is $65.For the game-loving mom! On Thursday, May 17 we’re off to Wright’s Farm Restaurant for our ‘Bingo Bonanza’ trip. This exciting day trip includes an all-you-can-eat chicken dinner and some Bingo action complete with prizes in the form of gift cards. Not only will you have a great afternoon complete with a delicious meal, you may even win something to take home with you! Cost is $62.For the musical mom! On Thursday, June 7, join us for a day trip to the acclaimed Venus de Milo Restaurant for a performance of “The King Returns”, an Elvis tribute by the popular Mark Shelton and his band. Our residents have raved about Mark’s performance on the Town Common and at the Beacon and Indian Head Resorts. A plated luncheon is included. Cost is $88.All of the above trips include roundtrip transportation, a tour escort, taxes and service charges.To register, visit https://www.wilmingtonma.gov/recreation, call 978-658-4270, or stop by Town Hall, Room 8, Monday through Friday, 8:30am to 4:30pm.(NOTE: The above announcement is from the Wilmington Recreation Department.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedWILMINGTON REC REMINDERS: Day Trip To New York City On October 19In “Community”WILMINGTON REC REMINDERS: Get Discounted Admission Tickets To 8 AttractionsIn “Community”WILMINGTON REC REMINDERS: Registration Now Open For SNL Flag Football & Rec BasketballIn “Community”last_img read more

Cordcutters delight The AirTV is just 4999 today

first_img The Cheapskate Walmart Best Buy See it $699 Mentioned Above Sonos Playbar $665 $699 Review • Sonos Playbar review: A sound bar for Sonos disciples Share your voice Media Streamers Gadgets Wireless & Bluetooth Speakers See It Bonus deal No. 2: Get an electric arc lighter for just $6.36tacklife-ely01-close-upCan your lighter do this? Tacklife Still lighting candles with matches? Go back to the 1800s, grandma! For a limited time, Red Baby AI (via Amazon) has the Tacklife ELY01 rechargeable arc lighter for just $6.36 with promo code GZ2Y24C4. That’s even less than the Father’s Day deal from last month. The lighter normally runs $13.See it at AmazonThis thing blows matches and propane lighters out of the water. For starters, it has a gooseneck, so it can light where you need it to light. It’s windproof, because there’s no actual flame to blow out. And it won’t ever run out of propane, because it relies on a rechargeable battery that’s good for up to 1,000 uses (!) between charges.The only caveat: If you use it to light candles, wax can get on the tip, which can prevent the arc from lightning. Just scrape off the wax with your thumbnail and you should be back in business.CNET’s Cheapskate scours the web for great deals on PCs, phones, gadgets and much more. Note that CNET may get a share of revenue from the sale of the products featured on this page. Questions about the Cheapskate blog? Find the answers on our FAQ page. Find more great buys on the CNET Deals page and follow the Cheapskate on Facebook and Twitter! A sound bar for Sonos disciples Now playing: Watch this: Tags Preview • The Sonos Playbar is official: A sleek sound bar that streams all your music for $700 CNET may get a commission from retail offers. Sonos Playbar At just $50 refurbished, the AirTV is one of the cheapest ways to keep local TV channels. And no monthly fees! AirTV Update, July 11: The refurb AirTV is sold out at the $50 price. You can pick up a new AirTV at Amazon for $80 ($40 off), or you can check out the similar Amazon Fire TV Recast for $130 ($100 off). That latter product costs more — and only works with a Fire TV streamer — but it includes a built-in 500GB DVR. Like the AirTV, however, it requires no monthly fees.Read the Air TV review | Read the Fire TV Recast reviewFor many a cable TV cord-cutter, local channels are the final piece of the puzzle. How can you continue to watch (or record) those stations without piling on more monthly fees and defeating the whole point of cutting the cord?Here’s how: Today only, and while supplies last, Woot has the refurbished AirTV dual-tuner local-channel streaming box for $49.99, with free shipping for Amazon Prime subscribers. (Others pay $5.)See it at WootEverything you need to know about this product, you can find in CNET’s AirTV review. However, allow me to sum up: Connect an antenna to the AirTV box, then link the box to your Wi-Fi network (or plug it into your router’s Ethernet port). Presto! Now you can watch live local channels via your streaming devices (Fire TV, Roku and so on) and mobile devices (even if you’re away from home).Better still, the AirTV can pull DVR duty, though it’s BYO USB hard drive. If you have an extra one lying around, great. If not, here’s a Toshiba Canvia 1TB drive for just $49. (My point: Adding your own storage is extremely affordable.)Although the box was “built for SlingTV,” you definitely don’t need a SlingTV subscription. If you have one, those channels will populate the program guide alongside your local ones, which is nice. Even nicer? There’s no monthly fee for AirTV’s program guide.So, yeah, you’re in for $50 for the box. And if you already have an antenna and hard drive, you’re done. The latter is optional, and here’s an indoor HD antenna for just $17.Cord-cutting solutions don’t get much cheaper than this. Even if Woot’s supply of refurbs runs out, the AirTV is quite reasonable at $79.99.If you’ve used one and have thoughts to share, hit the comments section!Bonus deal: The Sonos Playbar drops to $549 (save $150)Sonos Playbar Jason Jenkins/CNET Speaking of refurbished gear for your TV viewing pleasure, the Sonos Playbar sound bar normally sells for $699, but for a limited time, you can get a refurb Playbar for $549. That’s a rare deal and one of the biggest discounts I can recall seeing on this speaker.See it at SonosEverything you need to know about it, you can learn in CNET’s Sonos Playbar review. (Wow, did this thing really come out way back in 2014?)One thing worth adding: All refurbished Sonos gear is guaranteed to be good as new, right down to the full one-year warranty. Sure, at $549 the Playbar is still a pricey addition to a home theater — but at least it’s a little less outrageous. Best laptops for college students: We’ve got an affordable laptop for every student. Best live TV streaming services: Ditch your cable company but keep the live channels and DVR. 3:19 See It Amazon Bluetooth Roku Toshiba Comments $699 Crutchfield See It 33last_img read more

Pawan Hans IPO Helicopter firm plans fleet expansion ahead of public issue

first_imgPawan Hans, a state-owned helicopter service company, is accelerating plans for an initial public offering (IPO) listing by the end of 2017 or early 2018. However, before that, the company is taking measures to expand its services to pose itself as an attractive entity for investors.Keen to join the regional connectivity scheme of the central government, the Delhi-based helicopter services firm aims to increase its revenues threefold to Rs 1,600 crore over the next decade from Rs 500 crore during the last financial year (2015-16), the Business Standardreported.Pawan Hans is planning to raise about Rs 350 crore from the market listing. The company has charted out a new expansion plan wherein it would increase its fleet size, diversify business and invest in MRO (maintenance, repair and overhaul) facility, according to BP Sharma, chairman and managing director of Pawan Hans.In an interview to the publication, Sharma further said that the IPO preparation is on in full swing. The State Bank of India (SBI) is currently carrying out a risk assessment survey for the company and the report is awaited. The concrete proposal for the market listing is likely to be out by March next year.Civil Aviation Minister Ashok Gajapathi Raju previously said the public listing will help Pawan Hans a transparent and efficient firm.Expansion plansThe company, which is known for offering helicopter services for VIP movement, now plans to make the service available for the common man. With the proceeds from the IPO and financial backing from the government, the company plans to spend about Rs 4,000 crore to increase its fleet size, which at present stands at 43.According to Sharma, Pawan Hans may acquire around 100 helicopters over the next six years and is reportedly in talks with Bell Helicopters and Airbus Helicopters for the acquisition.Additionally, the company plans to provide connectivity to the Northeast region of the country. “Northeast is a region where the company already has a strong presence through helicopter service. We plan to connect the northeast capitals as well,” Sharma said.last_img read more

Chinese Streamer iQIYI Squeezed by Changing Content Context

first_imgThe company described the result as “another solid quarter of performance” and said that its strategy remains unchanged. “With the fast development of China’s entertainment industry and the approaching 5G commercialization, we are confident in our growth prospects and look forward to capturing the enormous opportunities ahead,” said Gong Yu, iQIYI founder and CEO.The company acknowledged “some recent challenges facing our industry” without elaborating on regulatory changes that made production more onerous, and the slowing rate of China’s economic growth.iQIYI itself paid $732 million for content in the quarter, an increase of 7%. But its sales of content to third parties dropped by 4%, due to delayed content deliveriesOn a conference call with analysts, Gong said that iQIYI had generally benefited from the film and TV production slowdown that began in the second half of 2018. “We have regained bargaining power and are more in control of our content costs,” he said, referring specifically to a reduction of talent costs, following the Fan Bingbing tax scandal. He said that where talent costs might previously have accounted for RMB 80-120 million per show, that has now fallen back to RMB40-50 million. CFO Wang Xiaodong said that content costs were likely to remain within the guidance that the company has previously provided, albeit at the upper end.Advertising revenues dropped by 16% “mainly due to the challenging macroeconomic environment in China, the delay of certain content launches and slower-than-expected recovery of (its) in-feed advertising.”Baidu, which has lost some of its tech sector dominance, made operating profits of RMB233 million ($33 million) in the April to June period. In the equivalent period last year it made operating profit RMB5.42 billion. In the January to March period it lost RMB936. Baidu’s quarterly revenue grew to RMB26.3 billion ($3.84 billion), a 1% increase on last year.Indicative prices after normal stock trading hours showed iQIYI ADR shares slumping by 9% to $16.40, compared with a Tuesday official close of $18.08. Baidu ARD shares moved in the opposite direction, rising from $104.22 at close to $113 in after hours trading. Popular on Variety YouTube Yanks 210 Channels for Spreading Propaganda Against Hong Kong Protests Related China Box Office: ‘Hobbs & Shaw’ Roars to Top With $101 Million Debut ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15 Chinese video streaming giant iQIYI saw its losses deepen, in the April to June second quarter of its financial year. The company grew subscriptions, but was hit by rising content costs and lower advertising revenueIts parent company, Chinese search leader, Baidu saw its year on year profits drop, though it recovered from loss in the first quarter. Both companies are listed on the U.S.-based NASDAQ stock market.Revenues at iQIYI grew to RMB7.1 billion ($1.01 billion), an increase of 15% that exceeded financial analysts’ consensus estimates of 7%. The company confirmed that subscriptions narrowly topped 100 million at the end of June.But iQIYI’s operating losses grew to $272 million (RMB1.9 billion in the quarter, with the loss margin worsening from 22% to 26% reflecting increased spending on content. Net losses increased to $339 million (RMB2.3 billion) up from RMB2.1 billion in the same quarter last year.last_img read more