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Time Inc. Labor Negotiations Break Down [Updated]

time-inc-logo1The Newspaper Guild of New York, which represents about 600 200 Time Inc. staffers, has announced that labor negotiations with the publishing giant have broken down.

The main sticking point? Time Inc. wants to outsource more than 100 jobs. Bill O’Meara, the Guild’s president, issued a strong statement attacking Time Inc.’s plans.

“Time Inc.’s proposal to hollow out its own company is simply not acceptable,” said O’Meara. “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. Many of Time Inc.’s proposals are not only outrageous, we believe they’re illegal. We are filing charges over these labor law violations to force management to return to the bargaining table and negotiate in good faith.”

According to the Guild, Time Inc. is claiming that negotiations have now reached a legal impasse, which the Guild disputes.

Update (6:30 pm):
Time Inc. has issued the following statement:

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Travel Writing

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Gawker Media Moving to Flatiron District

GawkerOn the heels of Nick Denton scoring the #7 spot on Joe Pompeo‘s list for The Advocate of “The 50 Most Influential People in LGBT Media,” there is a larger and much more significant multiple-of-seven Gawker number: 114.

That’s the address on Fifth Avenue where the company will soon relocate. From Kara Bloomgarden-Smoke‘s report:

“We will be moving out of the walk-up Nolita loft space that has been our home since 2008. Earlier today, we signed a lease for three floors of 114 Fifth Avenue,” Denton wrote in a staff memo that will go out this afternoon. Gawker Media signed a 15-year lease on three floors of the building, with plans to sublet one floor for the time being.

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Forbes Deal Finalized

forbes_logo_mainForbes Media officially has a lot less Forbes involved in it. In late July, a deal was struck with Hong Kong-based Asset Management (the number being thrown around was $475 million) and now it is done.

Asset Management now owns a majority of the company, officially pushing the Forbes family aside for the first time since the publisher was founded in 1917. The Forbes family still owns a minority stake that some are placing at around 20 percent.

For now, Forbes staffers can breathe easy, as no changes are planned. Until October 8, at least. The New York Post reports that’s when Forbes CEO Mike Perlis will hold a meeting with everyone to discuss what — if any — alterations are coming. Perlis is now in Hong Kong meeting with Forbes’ new owners.

Elevation Partners, which previously held about 44 percent stake in Forbes Media, has been bought out.

Arianna Celebrates Major HuffPost Milestone

For Arianna Huffington, a comScore traffic report can sometimes be much more than a simple amalgamation of numbers. Per a memo circulated today to staff, it is also in some instances a flashpoint for a wave of prideful memories about how her company started and has grown.

HuffPosters,

Huffington-Post-150x150Today I’m delighted to share the news of a major HuffPost milestone: in August we reached 115 million global unique visitors – the first time we’ve surpassed 100 million UVs on comScore – making us the #1 news site in the United States. (Our internal numbers, at 368 million UVs, are of course much higher) So much for the dog days of summer! August was also the fourth consecutive month HuffPost was recognized as the largest publisher on Facebook – with more than double the social actions of the second-largest publisher. In every significant growth area of the media business – social and mobile and video and native and global – HuffPost continues to lead the way.

I have to say, this news made me a lot more emotional than a comScore stat usually does. It’s the same feeling I get when I walk into our newsroom and see how a group of five has become a teeming team of hundreds – or when I visit one of our 11 flourishing international editions. It’s a lump-in-the-throat combination of gratitude and amazement; of satisfaction at what we’ve accomplished and surprise at how fast it all happened; of nostalgia for the early days when we celebrated every small spike in traffic and a delight in knowing that our best days, without question, still lie ahead.

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SpinMedia Cuts 19, Folds Vibe

The tumultuous times at SpinMedia continue. According to Capital New York, the company has laid off 19 staffers and has decided to fold Vibe.

Stephen Blackwell, SpinMedia’s CEO, said the cuts came mostly from the company’s video, photo, and sales divisions. On Monday, the company let go of Tom Morrissy, its chief revenue officer, after only five months.

The decision to fold Vibe comes almost exactly one year after SpinMedia’s previous CEO — Steve Hansen — announced he was resurrecting the title by printing four issues per year.

Blackwell said vibe.com will continue as a digital-only publication. ”When I look at what was going on here prior to my tenure, I think that some of the resources… if we’re directing resources toward print, that intrinsically means that we’re directing resources away from digital,” he told Capital New York. “I’m here to commit to directing all of our resources toward the digital side of Vibe.”

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Condé on the Hunt for Digital Executive

CondeNastLogoCondé Nast is on the hunt for a digital executive. According to Ad Age, the company’s president — Bob Sauerberg — is leading the search for either a digital president of chief digital officer.

If Condé does hire someone to focus soley on the digital side of the publisher’s brands, it will be taking a page from its rivals’ book. Hearst tapped Troy Young as president of Hearst Magazines Digital Media last year, and Time Inc. hired Scott Havens as senior vice president of digital in February. Havens even went so far as to proclaim that Time Inc. wasn’t a magazine company, it was a “media company with a portfolio.”

We imagine plenty of people would be excited to lead Condé’s digital efforts. We’ll be watching to see who gets the honor (and the workload).

Fox’s Chase Carey on Time Warner: ‘We’ve Moved On’

Chase Carey GChase Carey, president and COO of 21st Century Fox, wants everyone to know that his company is already healing from the heartbreak of not acquiring Time Warner. “We’ve moved on,” Carey said, during a London TV industry conference. “We don’t want to be revisiting something that is in the past or implying that we are continuing to be engaged.”

Carey and 21st Century Fox had tried to purchase Time Warner for $80 billion last month, but the offer was rejected. At the time, Rupert Murdoch put the blame squarely on Time Warner’s shoulders. “Time Warner management and its Board refused to engage with us to explore an offer which was highly compelling,” he explained.

According to Variety, Carey added that for now, at least, there are no other companies worth pursuing. “We don’t have an acquisition list,” he said. “Time Warner was a unique opportunity for us.” Hey, buck up buddy. There’s other media companies in the sea.

Bloomberg Has No Comment on Bloomberg

Bloomberg News will not be commenting on Michael Bloomberg returning to Bloomberg LP. According to The New York Times, Bloomberg LP has a policy to never report on itself, and that includes when the sheriff returns to town. Even if that town was founded by — and named after — the sheriff.

Bloomberg’s policy reads that “Bloomberg News doesn’t originate stories about the company” and therefore will not cover the “wealth or personal life” of its 72-year-old majority owner and founder.

Matthew Winkler, Bloomberg News’ editor-in-chief, told the Times in an email that self-reporting was “an inherent conflict of interest and no outlet does it well.”

Even if that were true (we beg to differ, because the Times does it quite well), it’s not much of a reason. A media company should be as transparent as possible, even if it feels awkward to do so.

[Image: Liv Radin/Shutterstock/com]

SpinMedia Cuts Tom Morrissy After Just Five Months

SpinMediaLogoSpinMedia has cut its chief revenue officer, Tom Morrissy, after only five months on the job.

Morrissy, a former publisher of Entertainment Weekly and OK!, came to the company from Selectable Media, where he served as chief revenue officer as well.

The New York Post reports that Morrissy was let go in an effort to cut costs at the still unprofitable company.

SpinMedia is nothing if not well, spinning. The company named its fourth CEO in less than two years just a few weeks ago.

Time Inc. Has its Sights Set on TV

timeinc_logo_2.25.10We finally have some insight into how Joe Ripp, Time Inc.’s CEO, plans to save the company. During the Code/Media discussion series, Ripp told Recode that the key to reviving Time Inc. was expanding its offerings, and his inspiration was National Geographic. In other words: Expect Time Inc. brands to show up on your story box in the near future.

NatGeo was once nothing more than a stack of dusty magazines in your grandfather’s study. It’s now a multimedia empire, with multiple TV networks and a successful film studio. If Ripp says NatGeo has provided a blueprint for Time Inc., TV and online videos are definitely on their way.

Ripp was confident enough in his plan that he told the audience to “Check back in six months to see how we’re doing.” We definitely will. Perhaps by turning on the TV.

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