Call it the greatest endorsement you can get. Isnt this the biggest indictment of ibm that you could find . I would say that an indictment, but he didnt completely sell his entire position. He sold 30 . At 180, not 160, so the reaction were seeing today is an overreaction in my opinion, scott. Because 160 stock got into the 153 range, now, i think its around 155, but he didnt sell at 160, nor did he say he would sell it at 160. He did comment about how he has revalued this stock low eer so he once thachlt and he was the largest shareholder, hes no lopger that. Vanguard now has a larger position. But seems to me like this was a shot across the bough telling the board at ibm something needs to change because this stock is not reacting the right way. Heres what buffett told becky quick the reasons why he sold a big part of that stake. I dont value ibm the same way that i did six years ago when i started buying. I mean, overall, i think six years that the value went somewhat downward. When
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The Week Kick-off: UK magazine industry worth £3.74bn
We kick-off the week with the news that the UK magazine sector is worth a whopping £3.74bn, according to a new report published by the countryâs Professional Publishers Association (PPA) on Friday. Weâve also got the newly appointed MD of Apple Nigeria on African tech, Harperâs Bazaar and Esquire making waves in Saudi Arabia, and Marie Claire US jumping across the pond to the UK, to bring us back full circle⦠welcome to another week in the global media network!
UK magazines remain strong
A new report published by the PPA in partnership with management consultancy firm Vendigital has shown that the UKâs magazine sector contributed £3.74bn in Gross Value Added (GVA) to UK PLC in 2019, taking into consideration both consumer and business media. This represents 35% of UK publishing and accounts for 55,000 jobs. Within this, the industry generates £518.9m of net inflow to UK PLC through exports
Media Company Future Acquires Marie Claire
Future plc, the global platform for specialist media, has acquired
Marie Claire US, a women’s lifestyle brand. Previously a joint venture between
Hearst Magazines and
Marie Claire UK.
Zillah Byng-Thorne, CEO of Future, said, “With nearly 17.5 million visitors a month, this is a flagship women’s lifestyle brand and I’m delighted that we are adding it to our already strong Women’s Lifestyle Vertical. Our continued growth and success is proof of our strategy in action. We’ve had fantastic results expanding the Marie Claire UK brand and we believe that with our expertise in terms of audience, ecom and platform, we can develop the offering to grow the Marie Claire US audience significantly.”
Future plc Acquires Marie Claire US
The acquisition strengthens Future s position in the women s lifestyle vertical in North America and expands its offering for advertisers Future plc, the global platform for specialist media, today announces the acquisition of Marie Claire US, the iconic global brand that connects confident, influential and successful women. Previously a joint venture between Hearst Magazines and MC International, the new license agreement sees Future produce Marie Claire US in addition to Marie Claire UK.
With an audience reaching nearly 17.5 million monthly unique users, Marie Claire US expands Future s reach to 22 million readers in the US Women s Lifestyle Vertical in which it has already achieved extraordinary growth and to just under 30 million readers globally across all of its women s lifestyle brands.
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