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Archives: April 2011

With The First Pick | Money Moves | Keep Doing Your Thing

  • SportsNewser: The NFL Draft lost viewers this year, but it was still the second most watched draft ever. People need more hobbies.
  • UnBeige: Ralph Lauren not only has a massive car collection, he’s showing them all off in a museum. This seems like a totally normal thing to do if you’re a very annoying rich person.
  • GalleyCat: May 12th is National Doodle Day, so don’t forget to encourage your kids’ worst drawings on that day. Actually, don’t forget to encourage their drawings every day.
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Royal Wedding Caused Record-Breaking Spike in Web Video Traffic

Even though the Royal Wedding was broadcast in the U.S. in the wee hours of Friday, Broadcast & Cable reports that “a few early numbers are showing that the event boosted live video streams to record levels for some providers.”

Akamai, which handled the transmission of live streams from the Royal Wedding for Fox News, CBS and about two dozen outlets from around the world over its network, reported peak traffic of about 2.9 million live streams over its network during the event.

This is well above the 16 million streams during the last World Cup.

YouTube traffic also saw “a clear spike,” though usage dropped off after 6:30 a.m. Eastern time… [and] CNN numbers also saw a significant spike, with about 575,000 live video streams through 10 a.m. ET.

Web aside, current estimates also show that a record-breaking 2 billion people tuned in to the Royal Wedding on television as well, but those figures won’t be confirmed till later.

Now that it’s over, whatever will we do with ourselves?

LA Weekly Corrects Its Lara Logan Correction

On March 14th, LA Weekly‘s Simone Wilson corrected a previous February 15th report on the attack in Egypt of 60 Minutes correspondent Lara Logan. This afternoon, she takes that correction back.

Her original correction followed a trio of anonymously sourced reports claiming Logan had not been raped and “only poked by flagpoles.” Unable to get confirmation from CBS and facing vocal criticism from other media outlets, Wilson eventually wrote: “We conclude that we erroneously interpreted CBS’ report of what happened to Logan on February 11, 2011.” However, based on the following generally accepted international definition of rape, it appears Wilson was right:

The widest definition of rape in international law was provided by the International Criminal Tribunal for Rwanda, which stated that rape consists of a physical invasion of a sexual nature, committed on a person under coercive circumstances. Sexual violence, including rape, is not limited to physical invasion of the human body and may include acts that do not involve penetration or even physical contact.

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Westwood One Sells Metro Networks Division to Clear Channel; Will Remain ‘Business as Usual’

Metro Networks has a presence in most New York City TV and radio stations. Chances are the traffic reports you’re hearing or seeing are either done at Shadow/Metro studios in Rutherford, New Jersey or the stations pay a service to use their information. (Certain newscasts are also farmed out to Metro.) 

Now comes word that Clear Channel has purchased that portion of Westwood One.

Wendy Goldberg, Clear Channel EVP of Marketing and Communications tells FishbowlNY that for now, though, Metro employees will not be affected by the sale.

“It’s business as usual, “Goldberg says. “In the next few months, we will be assessing how the teams and product work together.”

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More Editorial Appointments at The Wall Street Journal

A couple hours ago we told you about The Wall Street Journal snagging The Financial Times’ Francesco Guerrera, and now we have a few more moves to report. Alix Freedman has been named Page One Editor, Elyse Tanouye is taking over Freedman’s spot as Deputy Managing Editor, and Dennis Berman will replace Tanouye as Corporate Editor. Rick Brooks was also named Senior Deputy Editor of the paper’s Money & Investing section.

Robert Thomson, Editor-in-Chief of Dow Jones & Company and Managing Editor of the Journal, had this to say about these moves:

Alix and Elyse are both great journalists and leaders. There was no tougher reporter than Alix Freedman, and her commitment to investigative reporting and enterprise journalism are renowned. Elyse transformed the Marketplace section of the Journal and is a beacon of integrity for all at Dow Jones. Dennis is a legendary reporter who will bring energy and deep knowledge to his new role, which is at the very heart of the paper. Rick, a talented and wise editor, will work closely with Francesco Guerrera, our new Editor of Money & Investing.


TIME Magazine Features Royal Wedding Kiss for Commemorative Edition Cover

TIME magazine, like the rest of us, has Royal Wedding fever, and moved up its publication schedule next week to release a special edition featuring the royal wedding kiss on the cover. It will hit newsstands and iPad on Monday, May 2 (instead of the magazine’s usual Friday on sale date).

The special issue features heavier paper and a heavier, glossy cover, and the iPad edition will feature extra content, including photos and video coverage of the wedding. Because we can never get enough of this wedding!

Here is the cover, in all its glory:

Patch Hires Local Brooklyn Blogger

Brooklyn residents like to be exclusive and hip, so the local news bloggers that are part of the network built by blogger Liena Zagare probably aren’t too happy to hear that she’s been hired by Patch to be its National Community Editor.

According to paidContent, Zagare – who is married to Ben Smith of Politico – does not know what she’s going to do with the network, which includes Ditmas Park Blog, Kensington Prospect, The Windsor Terrace Blog, the Midwood Blog, and the Flatbush Blog.

We assume Zagare is being paid by Patch, but lately, you never can tell.

Most Popular FishbowlNY Stories for the Week

Can Online News Revenue Ever Equal Newspaper Revenue?

Newspaper ad revenue is shrinking, and signs look bleak as to whether it will make a comeback. But the silver lining, many believe, is that online news sources make news more and more available to readers, so reader engagement with the news should be on the rise. As soon as we figure out a way to effectively monetize online news consumption, the revenue slump for news will be over. Right?

Well, before you get too hopeful, recent data is showing that overall engagement with the news is actually shrinking in the digital era. Matt Shanahan at Digital Equilibrium takes a look at the grim numbers:

According to the Newspaper Association of America data at, the average user spent 1 minute and 12 seconds with online news last month.  That is 0.6% of the 3 hours and 25 minutes an average user spent online in 2010 according to eMarketer.  And when compared to average time spent with the print newspaper, online news engagement is 4.1% of the reported 29 minutes per day of Nielsen Media Research Study of 2006.

So not only have subscription rates and advertising gone down, but actual engagement with the news is falling. The takeaway? “Online news will never equal the revenues or profits of a newspaper.”

So, any other new ideas?

The chart showing lost engagement and lost revenue is after the jump.

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The Wall Street Journal Hires New Money and Investing Editor

Francesco Guerrera will leave his position as the U.S. based Finance Editor for The Financial Times to become The Wall Street Journal’s new Money & Investing Editor.

Talking Biz News says that Guerrera will replace Ken Brown, the Journal’s current Money & Investing Editor, who is moving to Asia to bolster the paper’s Asian edition.