TVNewser Show TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Posts Tagged ‘AOL’

AOL Revenues Increase, Profits Plummet

AOL logo GAOL reported its third quarter earnings today. The good news is that revenue increased by six percent, from $532 million last year to $561 million this year. The bad news is that profits dropped 90 percent, to only $2 million.

The decline in net income was mostly due to Patch, AOL’s hyperlocal news sites that never quite panned out. AOL reported a $19 million pretax restructuring cost and a $25 million impairment charge, both related to Patch.

At some point, you would think AOL would stop the Patch experiment. The company regularly cuts employees and even shutters sites, yet Patch continues to be deadweight.

Tim Armstrong, AOL’s CEO, is either much smarter than everyone realizes, or much more naive. He claims that Patch will be profitable by the end of the year. Somehow, we just don’t see that happening.

Business Insider Welcomes Four New Media Figures to the ‘Silicon Alley 100′

The website’s annual “Silicon Alley 100″ list is set to post Thursday at 8 a.m. However, to whet everyone’s appetite, the BI folks were kind enough to give FishbowlNY an advance peek at the media folks represented.

BusinessInsiderLogoNew to the list:

Eli Pariser, Peter Koechley / Upworthy
Rich Antoniello / Complex Media
Bryan Goldberg /  Bustle

Read more

EW Welcomes New Associate Publisher, Marketing

AnnetteGalloHeadshotAnnette Gallo starts today, replacing Jackie Cuddeback, who was named associate publisher, marketing for sister publication People.

After earning a BFA in Photography from the Savannah College of Art and Design and attending Tufts University as an MFA candidate in Studio Arts, Gallo first made her mark at CondéNet. As director of ceative services, she worked mainly on branded campaigns for style.com, vogue.com and men.style.com.

Then it was on to AOL, where her titles included global sales development director and head of editorial partnerships for the Women and Lifestyle brands. Gallo was instrumentally involved in heidiklum.aol.com, Gail Simmons sponsored by Kraft, GMC Trade Secrets with Tyler Florence and a site for one of Mark Burnett’s many productions.

Read more

Morning Media Newsfeed: Greenwald Moves On | Huffington’s Payout | Vox Raises $34 Million


Click here to receive Mediabistro’s Morning Media Newsfeed via email.

Glenn Greenwald Will Leave The Guardian to Create New News Organization (BuzzFeed)
Glenn Greenwald, the lawyer and blogger who brought The Guardian the biggest scoop of the decade, is departing the London-based news organization, for a brand-new, large-scale, broadly focused media outlet, he told BuzzFeed Tuesday. Greenwald, 46, published revelations from former National Security Agency contractor Edward Snowden about the extent of American and British domestic spying and about officials’ deception about its scope. NYT In a statement on his website, Greenwald did not say where he was going. “I was presented with a once-in-a-career dream journalistic opportunity that no journalist could possibly decline,” Greenwald wrote on his blog Tuesday evening. The Washington Post / Erik Wemple Greenwald was careful not to divulge any telltale details about the organization, saying only that it would have outposts in New York, Washington and San Francisco. As to its headquarters, we asked Greenwald whether any consideration had been given to locating it outside of the United States, given the legal sensitivity of the reporting he has done in recent months. He declined to answer, but noted that it’s an “important and good question.” Reuters Two sources familiar with the new venture said the financial backer was eBay founder Pierre Omidyar. It was not immediately clear if he was the only backer or if there were other partners. Omidyar could not immediately be reached for comment. Omidyar, who is chairman of the board at eBay Inc but is not involved in day-to-day operations at the company, has numerous philanthropic, business and political interests, mainly through an investment entity called the Omidyar Network. FishbowlNY BuzzFeed reporter Ben Smith’s exclusive ends with this tantalizing sentence from Greenwald: “When people hear what it is, there is almost no journalist who would say no to it.” The departing Guardian star also says that a “fair number” of people have been hired already.

Read more

Court Document Reveals Details of Arianna’s AOL Windfall

So it was nowhere near $100 million, the loosely reported territory that had many unpaid Huffington Post bloggers seeing red at the time of the site’s acquisition by AOL. Still, for Arianna Huffington, the February 2011 transaction amounted to some very nice Brentwood trickle-down.

TheSmokingGunLogoPer a nine-page internal AOL document filed in court and obtained by The Smoking Gun, Huffington scored around $21 million when AOL purchased HuffPo. Eighteen million in cash and the rest in the form of AOL stock options with a 20-month vesting period:

Additionally, her employment agreement – which was then being negotiated – called for Huffington to receive another $3 million in equity grants (stock options and restricted stock units)…

Read more

Patch Editor Bids Readers a Second Fond Farewell

PatchLogoAcross the Patch network last night and this morning, there are messages of thanks from local editors departing as part of the October 15 downsizing. Significantly, and commendably, the AOL powers-that-be decided in this case to allow LEs to post a proper goodbye.

One of the more unusual of these Patch posts can be found in Lemont, IL. Under the headline “Lemont Patch Editor Bids Farewell – Again,” Amanda Luevano writes:

It was just over a year ago that I sat at this very laptop and said farewell to Lemont Patch, the site I launched way back in September 2010. I had no idea I would be back seven months later or that I would be forced to issue a second goodbye to the town I’ve come to love so much.

Read more

Morning Media Newsfeed: Inquirer Owners Sue | Munro Wins Nobel | AOL Cuts Cambio Staff

Click here to receive Mediabistro’s Morning Media Newsfeed via email.

2 Philly Inquirer Owners Sue Company, Publisher (Philadelphia Inquirer / AP)
Two owners of The Philadelphia Inquirer sued their company and publisher Thursday over this week’s firing of Pulitzer Prize-winning editor Bill Marimow, in just the latest sign of internal warfare at the storied newspaper. Former New Jersey Nets owner Lewis Katz and cable TV mogul H.F. “Gerry” Lenfest accuse publisher Robert “Bob” Hall of overstepping his authority, and demand his ouster and Marimow’s return. Reuters According to the filing, Katz and Lenfest said that “Hall lacked the authority to fire the editor of the newspaper, a major business decision that should not have been — and could not be — taken without the unanimous approval of the management committee.” Bloomberg Businessweek Marimow said he’s willing and able to return to his position immediately, according to the complaint, which seeks a court order declaring the firing null and void. Philadelphia The fight over Marimow’s job is not a fight for the future of the Philadelphia Inquirer. It’s a fight over how much dignity the Inquirer will be allowed to retain as it slowly dies. And it is shocking how many people inside the Inquirer — from the ownership to the newsroom — don’t seem to understand that.

Read more

Leadership Changes at AOL

AOL logo GAOL has announced two leadership changes: Maureen Sullivan has added oversight of AOL’s homepage to her role and Graham Moysey has been named head of international, a new role at the company.

Sullivan has been leading AOL’s Women’s and Lifestyle Group, and she’ll continue in that role. In a memo, Susan Lyne, CEO of AOL’s Brand Group, described Sullivan as “a tremendous brand builder and a results-oriented executive.”

In the same note, Lyne said Moysey will operate under a dual reporting structure. He’ll report to both Lyne and Bob Lord.

Morning Media Newsfeed: More NSA Stories to Come | Breaking Bad‘s Finale | More Patch Sites to Close


Click here to receive Mediabistro’s Morning Media Newsfeed via email.

Glenn Greenwald, Jeremy Scahill Working on New NSA Revelations (HuffPost / AP)
Two American journalists known for their investigations of the United States’ government said Saturday they’ve teamed up to report on the National Security Agency’s role in what one called a “U.S. assassination program.” The journalists provided no evidence of the purported U.S. program at the news conference, nor details of who it targeted. Jeremy Scahill, a contributor to The Nation magazine and the New York Times best-selling author of Dirty Wars, said he will be working with Glenn Greenwald, the Rio-based journalist who has written stories about U.S. surveillance programs based on documents leaked by former NSA contractor Edward Snowden. RT USA “The connections between war and surveillance are clear. I don’t want to give too much away but Glenn and I are working on a project right now that has at its center how the National Security Agency plays a significant, central role in the US assassination program,” Scahill said in Rio de Janeiro, as cited by Associated Press. NYT As the nation’s spy agencies assess the fallout from disclosures about their surveillance programs, some government analysts and senior officials have made a startling finding: The impact of a leaked terrorist plot by Al Qaeda in August has caused more immediate damage to American counterterrorism efforts than the thousands of classified documents disclosed by Snowden.

Read more

Mike Hogan Returning to Vanity Fair

MikeHoganHeadshotHere’s our first suggestion for Mike Hogan, set to rejoin the VF fold as digital director after a couple of years with AOL and The Huffington Post (where he is currently executive culture and entertainment editor). Expand to other more universal reader comments platforms.

The general paucity of comments for VF blog items has a lot to do with the fact that the magazine requires readers to use a Conde Nast Digital account. Open it up to DISQUS and Facebook as well, we say. Hogan will report directly to Graydon Carter:

“I’m delighted that Mike is returning to Vanity Fair,” said Carter. “He was not only a gifted story editor at the magazine, he was instrumental in the creation of VF.com. I look forward to his future contributions to VF.com in collaboration with our very talented digital team, led by editor Chris Rovzar.”

Read more

<< PREVIOUS PAGENEXT PAGE >>