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Saturday, September 20 2014 6:07am ET - U.S. Markets Closed.
Industry Center - Publishing - Periodicals
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Industry Market Summary
Publishing - Periodicals
Composite Value: 1114.2
Today's Change: -0.17%
S&P 500: -0.05%
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[Publishing - Periodicals (^YHOh833)]
Publishing - Periodicals News
Newspaper Guild Talks With Time Inc. Break Down Over Extreme Demands, Including Offshoring Core Journalism
Fri 3:42 pm ET (PR Newswire)
NEW YORK, Sept. 19, 2014 /PRNewswire/ -- After months of negotiations between the Newspaper Guild and Time Inc. (TIME) on a new contract for more than 200 newsroom employees, talks broke down on Wednesday as management claimed they were at impasse after delivering a "last, best, and final" offer that would enable the company to send dozens of editorial jobs overseas, further consolidate editorial functions across its magazines and end healthcare benefits for retirees. "Time Inc.'s proposal to hollow out its own company is simply not acceptable. Management wants the ability to send 160 editorial jobs overseas, which would be a massive blow to some of the nation's most important and respected magazines," said Newspaper Guild of New York President Bill O'Meara. "Many of Time Inc.'s proposals are not only outrageous, we believe they're illegal. At Wednesday's bargaining session, Time Inc. management representatives insisted that if Guild negotiators did not unanimously recommend that members approve their "final" package, the company would consider its offer to have been rejected, and talks would be at an impasse.
Moody's Upgrades Five, Affirms Three and Downgrades One Class of MSC 2003-IQ5 - ()
Thomson Reuters Recommends Shareholders Reject TRC Capital's "Mini-Tender" Offer - (CNW Group)
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Industry Top Performers
Intraday Price Performance% ChangeMarket Cap
Value Line, Inc. [VALU] +3.21% $148.3 M
Reed Elsevier NV PLC New ADS [RUK] +0.39% $18.9 B
Reed Elsevier NV American Depos [ENL] +0.09% $16.3 B
More Top Intraday Price Performers...
Market Capitalization% ChangeMarket Cap
Thomson Reuters Corp Ordinary S [TRI] -0.56% $29.9 B
Reed Elsevier NV PLC New ADS [RUK] +0.39% $18.8 B
Reed Elsevier NV American Depos [ENL] +0.09% $16.3 B
Time Inc. Common Stock [TIME] -0.92% $2.6 B
Meredith Corporation Common Sto [MDP] -0.65% $2.0 B
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Industry Calendar
Recent Events
Date Co Event
08/05/14 TIME Time Inc. Common Stock upside earnings surprise (+87.50%)
07/31/14 MDP Meredith Corporation Common Sto upside earnings surprise (+3.53%)
07/30/14 TRI Thomson Reuters Corp Ordinary S upside earnings surprise (+10.87%)
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Industry Statistics
Market Capitalization:70B
Price / Earnings:14.9
Price / Book:-9.3
Net Profit Margin (mrq):29.5%
Price To Free Cash Flow (mrq):-45.4
Return on Equity:21.1%
Total Debt / Equity:35.8
Dividend Yield:2.5%
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