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Forbes Media Launches ForbesLife.com

forbeslife

An event last night at the Forbes Galleries (the last hurrah at this venue before staffers at Forbes Media move across the river) celebrated the launch of ForbesLife.com, the digital component of luxury lifestyle magazine ForbesLife. The new vertical, which we reported on in July, has a minimalist design with bold, beautiful — and clickable — photo imagery throughout.

According to the official announcement:

ForbesLife.com covers the world of luxury and is expected to leverage content from Forbes staff writers and more than 150 expert contributors based around the globe — including journalists who have written for The New York Times, Vogue, Esquire, The New Yorker and more. Content on the site is divided by channel topic, such as: Travel, Cars & Bikes, Style, Planes & Boats, Homes, Watches & Jewelry, Tech, Food & Drink, Arts, and Video.

Another focus appears to have been making sure the site was optimized for mobile. A ForbesLife app is planned for release later this month. Check out event pics after the jump.

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Jay Penske Tells WWD Employees About the Money They’ve Been Losing

FFMLogoNew York Times reporter Laura M. Holson has the details of meetings chaired by Jay Penske with Women’s Wear Daily staff the day after the announcement of his acquisition of Fairchild Fashion Media.

The meetings took place on Third Avenue, in a seventh floor conference room. But the number that jumps out from Holson’s article is much larger: $50 million, or the amount Penske told gathered employees that Fairchild has lost over the past five years:

Through a spokeswoman, Mr. Penske declined to be interviewed. But Gerry Byrne, the vice chairman of Penske Media Corporation, confirmed Mr. Penske’s plans for WWD’s digital and overseas expansion.

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Bauer Media Creates Digital Division

Bauer Media has announced a new branch of the company — Bauer Xcel Media – which will focus entirely on the digital side of Bauer’s brands, like In Touch Weekly and Life & Style.

Christian Baesler, who most recently served as VP of new media, has been tapped as president of Bauer Xcel Media. One of his first big tasks is the relaunch of InTouchWeekly.com. The new site is expected to debut next month.

“After a year of incredible achievements in the digital space, we are thrilled to announce the launch of Bauer Xcel Media – catapulting our online presence to the next level,” said Hubert Boehle, CEO of Bauer Media, in a statement. “Bauer is the market leader in print in many countries and the No. 1 seller of magazines at retail in the U.S. We are confident that Bauer Xcel Media will bring that same success to our online business as we continue to evolve and grow in all areas of media.”

BuzzFeed HR Exec: ‘You Can’t Have an Ego Here’

BuzzFeedLogoThe latest installment of Cosmopolitan‘s “Interview Insider” is most apt, since it relates to a media company that has – per the interview subject – ‘hired a new employee every day for months.’ We’re talking BuzzFeed.

When writer Heather Wood Rudulph asked senior vice president of talent Joel Greengrass what BuzzFeed looks for in job candidates, he gave this very useful reply:

“You need to be self-directed and know how to solve a problem on your own. But you must be excited about the opportunity to work with others and understand that you’ll become better by bouncing ideas off of colleagues.”

“You can’t have an ego in a collaborative environment such as this. If you have too much pride of ownership of an idea, this is going to be a difficult place for you to work. The other piece I look for is leadership. I want to sit across my desk from someone — whether just out of college or working in the industry for 20 years — and think, I want to work for you!”

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Spin Media Improvises a New CEO

SpinMediaOfficesThis ranks as one of the more unusual rises to the CEO chair at an Internet content company. Not to mention speediest.

Per Peter Sterne‘s Capital New York report, Stephen Blackwell started roaming the halls of Spin Media Group last month after Spin acquired the website he founded, deathandtaxes.com. Blackwell enthusiastically articulated his vision for the newly stabilized operation and, well, now he’s running the place:

“When I first got to Spin, and I started talking to everybody about, we’ve got an incredible brand here and a lot of opportunity for growth, I saw nothing but upside,” Blackwell said in a telephone interview with Capital. “I started expressing my vision on how we could help the brand grow, and that’s kind of when the conversation started about, well how does the CEO position look to you?”

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Getting To Know BuzzFeed’s Latino News Team

AdrianCarrasquilloTwitterProfilePicOn the heels of accepting a special award at the 2014 convention of the National Association of Hispanic Journalists (NAHJ), BuzzFeed editor Adrian Carrasquillo is getting some nice ink on the west coast.

LA Weekly staff writer Dennis Romero ambled over to BuzzFeed’s west coast headquarters on Beverly Blvd. to meet some of Carrasquillo‘s young charges and learn about the U.S. side of the outlet’s evolving approach to Hispanic news:

Appointed to the position in April, Carrasquillo has been covering the shooting of an unarmed black teenager in Ferguson, reporting on the child immigration crisis on the border and sorting BuzzFeed’s Latino content so that it gets to the virtual front-pages of the site.

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Condé Nast Kicks Lucky to the Curb

Dakota FanningIt appears the reports of Lucky’s demise were not greatly exaggerated. In a major move, Condé Nast has spun off Lucky into a new company, titled The Lucky Group.

The Lucky Group is a joint venture between Lucky and BeachMint, an e-commerce platform. The print version of Lucky will continue, but make no mistake about it — this is a turn toward the digital for the brand.

The Lucky Group will be led by BeachMint’s Josh Berman as CEO, Lucky’s Eva Chen as chief creative officer, and Gillian Gorman Round as president. Even Anna Wintour is staying on as an “advisor,” though we wouldn’t be surprised if that arrangement didn’t last long.

Anyone who has been paying attention probably isn’t that surprised by this news. Lucky has been struggling for awhile, and its dismal September ad page showing might have been the final nail in the coffin. The glossy’s all-important September issue only featured 90 ad pages, a whopping 34 percent decline from last year’s issue.

Please keep all Lucky puns/jokes (Lucky wasn’t so lucky, Lucky was unlucky, Lucky could’ve used more luck, etc.) to yourself.

Louise Blouin Tells Media Reporter to Stop the Harassment

ArtInfoLogoNever a dull moment at Louise Blouin Media. Especially when the New York Post‘s Keith J. Kelly inserts himself into the mix.

Per Kelly’s latest LBM dispatch, he dropped by the company’s offices late last week to inquire about an outage of the outfit’s main website (since fixed). The receptionist informed Kelly that Blouin was in a meeting, so he left his business card:

Later Thurday afternoon, Blouin e-mailed me to say, “We had someone hack in. I will ask you to stop harassing us. And never to email us [or come] to our premises again.”

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Time Inc. Posts Ad Revenue Increase, But Big Net Loss

timeinc_logo_2.25.10In Time Inc.’s first quarterly report since becoming an independent company, the publisher posted a three percent gain in ad revenue. That jump was mostly due to a 12 percent increase in digital ad revenue. The company was also helped by — believe it or not — print. Time Inc.’s acquisition of American Express Publishing, which included Food & Wine, Travel & Leisure and Departures, led to a year-over-year bump in ad dollars.

Despite this good news, the company posted a net loss of $32 million, compared to a $75 million profit last year. Which is probably why Joe Ripp, Time Inc’s CEO, used dreaded words such as “leaner” and “nimble” in his statement. Those words translated: layoffs are on their way.

“Time Inc. is undergoing a significant transformation as we extend our powerful brands across platforms, work to develop adjacent business opportunities, and move toward a leaner and more nimble operating culture,” said Ripp. “We had a solid second quarter, we are making real progress, and we are executing.”

Rupert Murdoch Gives Up Trying to Buy Time Warner

It’s over. Rupert Murdoch and his company, 21st Century Fox, have officially given up on trying to buy Time Warner. Early last month, word leaked that Murdoch’s bid of $80 billion was rejected, which raised speculation that he’d try everything in his power to make it happen. Instead, the opposite has occurred.

In a statement, Murdoch essentially blamed it all on Time Warner:

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