Wednesday, November 14, 2018

Mag world view:Breaking China's fashion; Tracking guys; Guardian model pays off; 17 cuts frequency; New York to paywall itself

Monday, November 12, 2018

First Time, now Fortune sold off

Meredith Corporation has sold Fortune magazine for $150 million in cash in a deal that will close by year end. The sale comes just a week after that of Time magazine for $190 million in cash.  These two major titles were part of the acquisition of Time Inc. by Meredith earlier this year and the sell-off two other important titles, Sports Illustrated and Money, are expected imminently.  Meredith has said that it was in particular unloading four titles titles didn’t align with Meredith’s core audience of American women.

Chatchaval Jiaravanon, Thai business tycooon and owner of Fortune Media Group Holdings Limited of Bangkok bought Fortune as a personal private investment; according to a story in Media Post, he intends to grow the brand's digital capabilities, geographic expansion and editorial team.  
“Our vision is to establish Fortune as the world’s leading business media brand, with an always-on reach and global relevance:” Jiarovenon stated. He believes “the demand for high-quality business information is growing,” which will lead to profitable growth for both the publication and its events branch.  
Tech billionaire Marc Benioff and his wife Lynn Benioff bought Time

Labels: , ,

Tuesday, November 06, 2018

Toronto Life special edition features city's 100 Best Restaurants

Toronto Life has revealed its list of the City’s 100 Best Restaurants. The list will be featured in The City’s 100 Best Restaurants special edition, which is on newsstands today (November 6). Subscribers will receive the issue in addition to their regular monthly copies.
Toronto Life's no. 1
"At the top of the list is chef Patrick Kriss’ Alo, located at Queen and Spadina [said the magazine in a release.]. "The fine-dining restaurant, now three years old, seems to be improving with age: it’s home to one of the most singular restaurant experiences in this city, or any other." 
“There’s so much depth in Toronto’s restaurant scene right now that choosing only 100 was a real challenge,” said Alex Baldinger, Food Editor of Toronto Life. “But when it came to naming the No. 1 restaurant, our assessment was unanimous. Alo is thoroughly deserving, and consistently exceptional.”
The top 10 are
  1.  Alo (163 Spadina Ave., Toronto)
  2.  Edulis (169 Niagara St., Toronto)
  3.  Sushi Kaji (860 The Queensway, Toronto)
  4.  Actinolite (971 Ossington Ave., Toronto)
  5.  Jacobs and Co. (12 Brant St., Toronto)
  6.  Buca Yorkville (53 Scollard St., Toronto)
  7.  La Banane (227 Ossington Ave., Toronto)
  8.  Brothers Food and Wine (1240 Bay St., Toronto)
  9.  Canoe (66 Wellington St. W., Toronto)
  10.  Quetzal (419 College St., Toronto)
[The full list is available online at torontolife.com/TL100.]

In addition to the top 100 Restaurant list, the special issue also includes rankings of the city’s 30 best bars, 10 amazing out-of-town restaurants and 120 excellent wines.

Labels: , , ,