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CBS Outdoor Buys Van Wagner’s Billboards

CBSOutdoorLogoSo how much is one of those big advertising billboards worth in the open market? Well, if you do the math – dividing the $690 million paid by CBS Outdoor for 1,100 Van Wagner billboards – it works out to a little over $672,000.*

Per AP, the deal is subject to regulatory approval and won’t take effect until 2015. The transaction involves prime impression-real-estate from coast to coast:

About 600 of the billboards are in Los Angeles and 294 are in New York. The rest are in Boston, Chicago, Dallas, Miami, Minneapolis, Philadelphia, San Francisco and Washington.

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Slate Names Dan Kois Culture Editor

Dan Kois GSlate has named Dan Kois its new culture editor. Kois, a senior editor at Slate, was most recently editor of the site’s Book Review section. He is also a contributor to The New York Times Magazine.

As the founding editor of New York’s culture blog, Vulture, Kois has plenty of pop culture chops. His work has also appeared in The New York Times, The Awl, Oxford American and Television Without Pity.

Julia Turner, Slate’s new editor-in-chief, announced Kois’ appointment on Twitter.

Fred Armisen Jangles NYC Payphone

As you might expect, when Late Night band leader Fred Armisen – on behalf of Heineken – started calling a New York City payphone and anonymously inviting those who answered to “come across the street,” only a few agreed.

Per E.J. Schultz‘s write-up in Ad Age, these brave souls as a reward got to join Armisen on stage at the Comedy Cellar comedy club. The teaser clip above precedes Tuesday’s full unveiling of Ringing Payphone at routineinterruptions.com.

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Janet Mock Named Marie Claire Contributing Editor

Marie Claire has added Janet Mock, a New York Times best-selling author and transgender rights activist, as a contributing editor. Mock will contribute print and online articles and act as a Marie Claire brand ambassador.

The move marks a bit of a return to Marie Claire for Mock. In a 2011 piece, she publicly came out as transgendered in a piece she wrote for the magazine told her story of growing up as a trans girl.

Mock is the author of the bestseller Redefining Realness: My Path to Womanhood, Identity, Love & So Much More and previously served as a staff editor for People.

“Janet is an incredibly smart and articulate writer,” said Marie Claire’s editor, Anne Fulenwider, in a statement. “Her ideas about identity, youth culture, and society’s changing norms about beauty illuminate the ever-evolving definition of the modern woman. I look forward to adding her unique point of view to our pages.”

The New Yorker Launches Revamped Website

The New Yorker’s website has a brand new look. The revamped newyorker.com has a good amount of white space — which makes reading easier — and highlights one featured article on the homepage and each subsection.

The updated newyorker.com is less difficult to navigate than the previous version. Each subsection is listed at the top of the page and new content is clearly marked under a section titled “The Latest.” The new site, according to a note from the glossy’s editors, gives staffers more flexibility when reacting to the news of the day.

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FishbowlNY Newstand: Your Morning at a Glance

Morning Media Newsfeed: Forbes Sells Majority Stake | Kindle Unlimited Unveiled

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Forbes Media Sells Majority Stake to Hong Kong Investor Group (FishbowlNY)
In the past six years, Forbes has expanded its international publishing reach from nine licensed local editions to 36. Content is now consumed in 63 countries, in 21 different languages. Friday, the company solidified its international reach with the announcement that a majority stake has been sold to a group of Asian investors. NYT / DealBook The terms were not disclosed, but the transaction values Forbes Media at $475 million, said a person close to the deal. Forbes’ new controlling shareholders will be Integrated Whale Media Investments, a group that includes the Hong Kong investor Tak Cheung Yam and Wayne Hsieh, the Singaporean co-founder of AsusTek Computer. Forbes The Forbes family will retain a significant ownership stake, will stay actively involved in Forbes Media and will work with the investor group to further increase market share of the existing Forbes Media product lines in media, digital, technology, as well as brand extensions. Upon closing, Elevation Partners will fully exit its investment in Forbes Media. Mashable In a statement, the family and its new majority owners framed the deal as a way to ensure Forbes‘ brand and journalistic operations continue to expand. “Our partners respect our brand and values, and support our longstanding mission of championing entrepreneurship and free market capitalism through quality, independent business journalism,” Steve Forbes said in a statement. Capital New York Forbes Media will remain headquartered in the U.S., and there will be no change at the top — Steve Forbes will continue as chairman and editor-in-chief, and Mike Perlis will remain CEO. The company reported that it made a profit in 2013; the company projected a revenue of $144.6 million for the year, according to a report.

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45 Years Ago Today

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In Praise of Philip Seymour Hoffman

PhilipSeymourHoffmanAMostWantedManReaction to John le Carré‘s essay in this Sunday’s New York Times is cascading forth on Twitter.

From San Francisco, Nelle Engeron opines that the piece is “the brilliant and heartbreaking obituary he [Philip Seymour Hoffman] deserves.” In Madison, Wisconsin, Dave Martin dubs le Carré’s “Staring at the Flame” the “best read of the week.” And from London, singer David Albury calls the article: “Touching and honest. And sad.” They’re all correct.

From le Carré’s essay:

No actor had ever made quite the impact on me that Philip did at that first encounter: not Richard Burton, not Burt Lancaster or even Alec Guinness. Philip greeted me as if he’d been waiting to meet me all his life, which I suspect was how he greeted everyone. But I’d been waiting to meet Philip for a long time.

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8th Grade Superstars | Exiting ET | Abramson’s M.O.

GalleyCat: No matter what you were doing at the halfway point of middle school, it can’t hold a Zippo lighter to the achievements of the three youngsters who make up Brooklyn heavy metal group Unlocking the Truth. We’re talking Coachella, a Sony Music deal and now, a Penguin Books memoir.

TVNewser: Rob Marciano‘s decision to trade Entertainment Tonight for GMA‘s weekend weather leaves the door wide open for some lucky journalist. The search for a replacement is all about chemistry with Nancy O’Dell, but wouldn’t it be great if ET producers opted at this stage for a little co-host diversity?

PRNewser: There was a lot of Jill Abramson news fit to print this week. In her conversation with Katie Couric, the fired New York Times executive editor acknowledged that she “pushed hard” with reporters and editors to “get the story behind the story.”

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