“At Time Inc.—which already has launched apps for Time and Entertainment Weekly—the vibe among upper management is of sheer enthusiasm,” Fell reports. “By upper management, I’m referring specifically to CEO Ann Moore.”
Fell reports, “During parent company Time Warner’s “Investor Day” last week, Moore updated attendees on the division’s recent performance (it reported an operating income of $50 million during the first quarter 2010, versus a loss of $32 million during the same period last year) and gushed about providing paid content through mobile and portable devices. In addition to the Time and Entertainment Weekly apps, Moore said the company is readying several more from its other magazine brands, including a People app and food, beauty and cleaning apps for Real Simple.”
Full article, featuring soundbites from Moore’s presentation and the Q+A session that followed, here.
[Thanks to MacDailyNews Reader “Brawndo Drinker” for the heads up.]
Yes if the price doesn’t go down. IF they don’t give a decent yearly subscription price, I’ll continue to waste paper and get my yearly subscription to Time for $30. I”m looking at Zinio and their subscriptions seem fair. I definitely would like to move to digital subscriptions, but until they get it right with price and function, the old model works.
$5 issue?!? Frak off!!!
I bought the first issue of Wired cuz I was curious. Last one til the price comes down to the $12/yr I was paying for my now-cancelled print subscription.
These greedy suits need to wise up soon. They’re only hastening their demise with this price structure.