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Archives: February 2007

Martha Stewart Execs Can Take Their Bonuses in Extra Stock

stewart_lyne.jpgAccording to a filing today with the SEC, Martha Stewart Omnimedia CEO Susan Lyne, CFO Howard Hochhauser and “other designated senior officers” can take up to $100,000 of the bonus they’d be entitled to in stock valued at 15 percent more than the cash would have been.

They do have to be continuously employed and wait three years to get it all, according to the filing. The stock conversion is valued at $19 per share, the Feb. 21 price, which means they’d lose a bit, according to today’s quoted close of $18.05.

The idea, of course, is that if they have stock instead of cash, they’ll want to make sure the company performs well for shareholders.

The full, boring filing details:

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Is AOL Dumber Than a 5th Grader? Yes!

AOL picks FOX’s Are You Smarter than a Fifth Grader? as their TV pick of the evening.


That’s grammar, not grammer. Morons.

MPA Digital: Dwell Gets It Wrong — Then Right?

247_magazines.jpgFishbowlNY reports from the Digital Magazine Conference, “Magazines 24/7,” in New York:

A couple lessons from Dwell today: On the Web, give lots of choices and be careful how you name your stuff.

The magazine’s online director, Perry Nelson, stopped by the MPA’s Digital conference this morning to talk about how they messed up on the Web, and hoped their relaunch a week ago would make things better.

She said their mistakes originally were in thinking their beautiful mod-leaning pictures (which is something Dwell is all about) were enough — without showing their depth and breadth of content. So they went from a static page with, essentially, three ways to enter, to something like 28 links on the homepage, while still preserving their Dwell-y design sensibility.

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Wendy, What Went Wrong?–Santa Barbara NewsPress Pogrom Continues


Up in sunny Santa Barbara, the plucky editors of the Santa Barbara Independent publish a letter from former NewsPress editor Bob Guiliano to Mayor Marty Blum. Seems Wendy McCaw(ful) wasn’t happy with a story written by Anna Davison about a downtown renovation project, and wanted Davison reprimanded for bias–she’d quoted the Mayor more than once, and that was too much for the Empress of the NewsPress.

Guilano wrote:

I advised Wendy that having Anna write a news story saying there’s a controversy, when none exists except for the one on our editorial page, would make the newspaper look bad, as if we were creating a controversy to sell newspapers.

So you can clearly see McCaw(ful) had no choice but to fire the guy. That whole journalistic integrity thing? That’s for the little people. He’s lucky he’s still got his head.

But, Wendy–you’re never going to get an invitation to Oprah’s. Never.

Wake Up Wendy Wednesday
Did Wendy McCaw Break the Law? Protest Planned for Valentine’s Day
Breaking: Wendy McCaw(ful) Strikes Again, Firing Three News-Press Staffers This Morning

MPA Digital Awards: ‘F’ing Awesome!’

247_magazines.jpgFishbowlNY reports from the Digital Magazine Conference, “Magazines 24/7,” in New York:

Accepting Magazine Publishers of America digital award for best entertainment/celebrity website, managing editor Jay Woodruff wanted to prove he hadn’t had anything prepped. He had emailed his staff, he said, and gotten an answer from Jason Adams on what to say.

“‘I’m pleasantly surprised but not shocked,” Woodruff said, reading from Adams’ missive on a handheld device, “as this award shows you are f’ing awesome.”

The only thing more prevalent at the first-ever MPA digital awards [full list here and below] than the funky pseudo-pop played between announcements,was the number of runners up. Four, count ‘em, four tied for second place in the “Web Only Tool” category (kind of describes our personal lives, that one), and five for “Magazine Blog of the Year,” won by’s Gearlog.

More on the conference in a bit.

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$19.6M? NBC Bends To Beckhams


NBC is close to a signing a reality TV show deal with Victoria Beckham. The show would focus on Beckham’s move to Los Angeles with husband David Beckham, who will play for Major League Soccer’s Los Angeles Galaxy this summer.

The Daily Mail says the deal is worth $19.6 million.

Sounds reasonable.

  • NBC Close to a Deal for Victoria Beckham Reality Show [B&C]
  • Media Events: 02.27.07

    media_events_logo_sm.jpgTUESDAY 02.27.07

    WHAT: Suze Orman: Women & Money
    WHEN: 6:30PM
    WHERE: Barnes & Noble Union Square, 33 E 17 Street
    WHY YOU SHOULD GO: The 50-something “never been with a man” financial guru reads from her book. Now’s your chance, guys.

    WHAT: 7th Annual More/Wilhelmina 40+ Model Search
    WHEN: 7:00PM
    WHERE: Cipriani 42nd Street, 110 E 42nd Street
    WHY YOU SHOULD GO: “With hors d’oeuvres and cocktails at the landmark Cipriani 42nd Street, mixing and mingling with VIPs, MORE editors, former Model Search winners, and the press. There will be a runway show hosted by Angela Bassett and featuring the 10 Model Search finalists wearing fashions by designer Carmen Marc Valvo. Then the big finish: the announcement of the three Wilhelmina modeling contract winners. An exciting event!”

    WHAT: Financial Times 10th Anniversary
    WHEN: 7:00PM
    WHERE: Mandarin Oriental Hotel, 80 Columbus Circle
    WHY YOU SHOULD GO: To feel like you know something about finance.

  • Events Listings []
  • Post Your Own Event
  • In The Trades: Remakes, Retreads, Rewards


    Remaking a Hong Kong movie paid off once, so Oscar-winning writer William Monahan will do it again, adapting Confessions of Pain for Warners. Leonardo DiCaprio will star and produce under his Appian Way company.

    The CW offers Hell on Earth as a pilot from CBS Paramount. A mean girl gets hit by a bus, goes to purgatory and is given a second chance but this time on the wrong side of the tracks. From the team that gave us The Shaggy Dog and Raising Helen, who haven’t had an original thought in their entire lives.

    Nickelodeon Movies continues the trend with Unicorn, a family comedy centers on a man who wakes up with a unicorn in his apartment. And a horn in his ass.


    Jeffrey Immel, chairman and chief executive of General Electric, parent company of NBC Universal, received $15.2 million in compensation last year, and Bob Wright, who until recently headed NBC Universal, received more than $15.6 million in compensation. The company had an excellent year, according to the compensation committee as quoted in a proxy statement.

    Univision will pay $24 million in fines to settle complaints over children’s programming. A group of investors, led by Haim Saban offered $12.3 billion for the network. So, instead of continuing to argue that soap operas in Spanish are, too, educational, the fines will be paid.

    Sorkin Meets TV Inventor’s Kin, At Least One of Them Is Giddy About It

    farnsworth.gifAaron Sorkin is clearly head-over-heels about television — his Studio 60 on the Sunset Strip is nothing but a big mash note to the importance of the boob tube.

    But with everyone making fun of his lil’show (except this half FBLA, which still maintains it’s fabulous), Sorkin felt he must pronounce his love in a bigger, better, more accessible medium than network televsion could ever hope to provide: A play. That opened in San Diego.

    OK, maybe the move is a bit misguided, but, apparently The Farnsworth Invention, which tells the story of how farm boy Philo Farnsworth was robbed of the recognition (and money) for inventing television, is a damn good play.

    And staging it afforded Sorkin the opportunity to meet Chris Farnsworth, a screenwriter and Philo’s great-nephew, who was quite accidentally seated next to Sorkin on opening night.

    Farnsworth says “Aaron Sorkin and the director, Des McAnuff, were incredibly kind and gracious to us, as were the entire cast and crew. Even though they were all busy with the rush of opening night, they took the time to talk to us (and listen to me babble incomprehensibly about just how really, really cool this was).”

    ‘Anthrax’ Scientist Drops $10M Suit Against RD, Vanity Fair | ‘Girlie Gawker’ | Out Publisher Out


    • ‘Anthrax’ Scientist: Drops $10M suit against Reader’s Digest, Vanity Fair. [NY Sun]

    • ‘Girlie Gawker’: Readying launch. [Radar]
    • NBA: Strikes deal with YouTube. [Sports Business Journal]
    • Karmazin On Stern: Sirius-XM merger chances “better than 50%.” [B&C]
    • Fox News’ New Blogger Show: Reviewed. [ETP]
    • Out Publisher: Out. [Queerty]