How Meredith plans to wring more dollars out of Time Inc. titles
Now that it’s bought Time Inc., Meredith is focusing on wringing more revenue out of Time Inc. titles. This week at the Food & Wine Classic in Aspen, Colorado, a team of seven writers, producers and videographers has been holed up in a house paid for by San Pellegrino, churning out branded content for advertisers from Patrón Tequila to Microsoft.
The Classic has always been sold as one of the crown jewels of Time Inc.’s events, but this is the first year that Food & Wine’s editors used it to generate content for brands or editorial use. That capability brought in dollars from new and existing advertisers, including KitchenAid.
“[The Classic] is a gold mine,” said Hunter Lewis, Food & Wine’s editor-in-chief. “The strategy is about maximizing the value of what we’re doing.”