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Fortune Lists 50 ‘Most Powerful Women in Business’

unnamedFortune’s annual list of the 50 Most Powerful Women in Business is here. Somehow, Iggy Azalea didn’t make the cut. Ginni Rometty, IBM’s chairman and CEO, did though. For the third year in a row, she held down first place. The runner-up was Mary Barra, GM’s CEO.

The top 10:

1) Ginni Rometty
2) Mary Barra
3) Indra Nooyi – PepsiCo’s chairman and CEO
4) Marilyn Hewson – Lockhead Martin’s chairman and CEO
5) Ellen Kullman – DuPont’s chairman and CEO
6) Meg Whitman – HP’s chairman and CEO
7) Irene Rosenfeld – Mondelez International’s chairman and CEO
8) Pat Woertz – Archer Daniels Midland’s chairman, CEO and president
9) Abigail Johnson – FMR’s president
10) Sheryl Sandberg – Facebook’s COO

For the entire list, click through.

Food + Wine Cuts Six Staffers

Food + Wine has let go of six editorial staffers in an attempt to cut costs. WWD reports that the restructuring will allow Food + Wine’s editor, Dana Cowin, to focus more on the digital side of the glossy.

The cuts are just the latest moves by Time Inc. CEO Joe Ripp to turn around the now independent publishing house. Time Inc.’s first quarterly report since being shed by Time Warner wasn’t pretty — it came with a net loss of $32 million. Obviously things have to change, and one easy way (well, not exactly easy) to do that is trim staffers across the board.

When Ripp was recently asked about layoffs, he responded like a politician. “It’s not about downsizing, it’s about are we making the appropriate investments in our products,” said Ripp at the time. In other words, there are more layoffs to come.

Huffington Post to Launch HuffPost Greece

Huffington Post Logo 1-18The Huffington Post Media Group is preparing a homecoming of sorts. Well, at least for Arianna Huffington. The company is launching a Greek-language edition of HuffPost in collaboration with 24Media, Greece’s largest digital publisher.

“For me personally, it’s the ultimate homecoming, not only because of my Greek heritage, but because HuffPost is, not coincidentally, very much rooted in a Greek tradition of bringing people together and facilitating interesting conversations,” Huffington said, in a statement.

HuffPost has had a busy couple of months. The company announced an Arabic-launguage site, followed by HuffPost India. Huffington also declared the collection of sites had passed 100 million unique views in August. All that and the company even suckered readers into paying one of its reporters salaries! Well done, HuffPost. Well done.

Layoffs Coming to Parade

Now that Parade has been purchased by Atlhon Media, the bad news comes — about 85 staffers are likely to get cut. The New York Post reports that the layoffs will come as Athlon moves operations to its headquarters in Nashville, Tennessee.

Only about 20 Parade staffers are expected to be offered jobs. The glossy’s editor Maggie Murphy and CEO Jack Haire will not be among them.

“I was honored to have had this job,” Murphy, who had been with Parade since 2010, told the Post. “I just want people to know I have an amazing staff here.”

FishbowlNY Newsstand: Your Morning at a Glance

Morning Media Newsfeed: Sky Deutschland Slows Takeover | Vidra Named CEO of TNR

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Sky Deutschland: BSkyB Takeover Offer Too Low (THR)
BSkyB’s plans to build a European pay-TV empire hit some opposition on Wednesday. The supervisory and executive boards of 21st Century Fox-controlled German pay TV operator Sky Deutschland advised minority investors not to accept a multi-billion dollar takeover offer from BSkyB. NYT / DealBook The move comes after BSkyB, which is 39 percent owned by 21st Century Fox, agreed in July to acquire the 57 percent of Sky Deutschland that is owned by 21st Century Fox, for £2.9 billion, or $4.7 billion. As part of the deal, BSkyB, one of Europe’s largest pay-television providers, also offered to buy the shares of Sky Deutschland’s minority shareholders for €6.75, or $8.75, each, a small premium on the company’s current share price. Reuters But with only a small premium on the table, analysts have doubted that many will sell. Sky Deutschland would thus retain its stock market listing and BSkyB has not indicated any desire to squeeze out minority shareholders above and beyond the offer which it has set out. Management of the German company, advised by Bank of America Merrill Lynch, on Wednesday argued the offer fell short of its true value. WSJ On issuing its recommendation to minority holders on Wednesday, Sky Deutschland said its chief executive Brian Sullivan, the only executive board member holding shares, wouldn’t participate in the offer, which runs until Oct. 15. Two supervisory board members holding shares also don’t intend to accept the offer, the company said in a statement. Financial Times BSkyB has argued that it can implement its vision for Sky Europe, regardless of how many minorities tender their shares. Buying all minorities’ shares — 43 percent of the company — would cost the U.K. operator £2.1 billion, further increasing its leverage. The company raised £3.25 billion this month to help finance the acquisition of 21st Century Fox’s stakes in Sky Deutschland and Sky Italia. BSkyB said it welcomed Sky Deutschland’s “supportive comments on the strategic rationale for the transaction.” BSkyB shareholders are due to vote on the European deal on Oct. 6.

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Ed Rollins, Norah O’Donnell and New England’s Next Late Night Star

LunchAtMichaelsThe mood was downright festive at Michael’s today as the usual suspects celebrated various milestones between bites of their Cobb salads. On Table One, Politico Ed Rollins and his wife, Shari Rollins, toasted Ed’s good health and the close-knit circle of good friends who stuck by the couple’s side during Ed’s heath issues last year. Nearby, best-selling author Linda Fairstein donned a bridal veil (albeit briefly) to celebrate her nuptials with several girlfriends, including Lynn Scherr and Faye Wattleton. Across the room, The Wall Street Journal‘s David Sanford helped hubby Lewis Stein celebrate his 70th, while Michael’s GM Steve Millington serenaded the birthday boy. It was almost too much fun for one lunch.

Diane Clehane and Bianca de la Garza

Diane Clehane and Bianca de la Garza

I was dining today with Bianca de la Garza, who was celebrating a milestone of her own. (Thank you to Steven Stolman, who after lunching with Bianca at Michael’s, decided the two of us should meet and made an introduction.) After 17 years in television news, the last seven spent as co-host of New England’s top-rated newscast, The Eye Opener, at WCVB-TV and anchor of the midday news for the Hearst-owned ABC affiliate in Boston, Bianca signed off in May to start her own production company, Lucky Gal. Now Bianca is about to launch her own lifestyle show that highlights the latest trends in everything from travel to fashion “for New England and beyond.” In her first interview about her latest venture, Bianca gave me exclusive details about the program, which will air in a “late-night weekend spot” on WCVB and will be taped in front of a live studio audience. “It’s not a talk show,” Bianca told me. “It’s more of an entertainment-variety show.” A press conference at The Four Seasons in Boston is scheduled later this fall to reveal more details.

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All About Beer Magazine Gets New Ownership Structure

AllAboutBeerLogoThe magazine that is widely viewed as “the bible” of the U.S. craft beer industry will remain headquartered in Durham, North Carolina. But moving forward, All About Beer will be overseen by Christopher Rice/All About Beer LLC rather than Daniel Bradford/Chautauqua, Inc.

From today’s announcement:

“I have been a loyal follower of All About Beer magazine’s work during my 20 years connected to the beer industry,” said Rice. “It has a substantial position not only as the best-selling beer publication in the U.S. and Canada, but also telling great beer and brewing stories since 1979.”

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Bad Choices | Misfired | All In

apple logo GPRNewser: A breakdown of all the ways Apple screwed up with that free U2 album. Spoiler: They screwed up a lot.

FishbowlDC: RIP CNN’s Crossfire. We knew you — not well, since we were some of the many people who didn’t watch.

AllTwitter: A study found that 92 percent of marketers consider social media important. We’re still waiting the results of the study that shows how many of those marketers will do something stupid on social media.

Fashion Editor Recalls Cosmopolitan Power Play

At age 31, Zoey Washington is sitting pretty. She’s worked for Marie Claire, Vogue and Essence, and is currently a senior fashion editor at People Style Watch, an accessories editor for Elle and more.

GarrisonForestMotto

Washington, who attended Maryland’s Garrison Forest high school, spoke to the Baltimore Sun about her steady, impressive rise. Her answer to how she got it started reminds of the value of perseverance:

“At Garrison Forest, every senior completes a [senior project]. I wrote to the fashion director of Cosmopolitan magazine every day for roughly two months until she agreed to let me do my [project] with her (she was a graduate of Garrison). I don’t recommend that anyone repeat my behavior.”

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