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Posts Tagged ‘Atlantic Media’

Quartz Expands to India

Quartz, the online business brand from Atlantic Media, has expanded its operations to India. The site — available to users in India at qz.com and all others at qz.com/india — will be lead by Sruthijith KK, a reporter who previously worked for The Economic Times.

“We’re deeply committed to providing sophisticated coverage of India to our readers there and around the world,” said Quartz’s editor-in-chief, Kevin Delaney, in a statement. “And we’re very optimistic that through Quartz India, more Indian business people will come to value Quartz’s creative, digital, visual, data-rich approach to covering the region and the global economy.”

Quartz launched in 2012, and according to The Atlantic, it’s doing great. This year’s ad revenue is projected to be up more than 400 percent compared to 2013.

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Morning Media Newsfeed: Fox’s 49th Quarter Win | 60 Minutes Owns Up | RIP, @ColbertReport

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2014 Ratings: Fox News No. 1 for 49th Consecutive Quarter (TVNewser)
Fox News finishes its 49th consecutive quarter and 147th consecutive month as the top-rated cable news network, besting the competition in both total day and primetime during the first quarter of 2014. In addition to delivering cable news’ top 14 programs in total viewers and top seven programs in the adults 25-54 demographic, Fox News was the only cable news network to grow compared to the year-ago quarter. Despite a strong March for CNN, MSNBC held on to the second-place spot among the cable news networks in both total day and primetime. HuffPost The disappearance of Malaysia Airlines flight 370 was one of the biggest stories of the month, and CNN — whose obsessive coverage of the plane has brought it both ratings victories and repeated criticism — reaped the rewards in March. The network beat MSNBC in weekday primetime in the demo at the end of the quarter, averaging 240,000 viewers in the 25-54 category to MSNBC’s 201,000. Those numbers represent a 71 percent increase in the demo compared to March 2013. Variety The numbers come as MSNBC pushed hard during the period to cover the “Bridgegate” scandal surrounding New Jersey governor Chris Christie, and they raise the question of whether CNN will be able to sustain its March momentum when and if the MH 370 story loses the interest of news audiences.

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Morning Media Newsfeed: Facebook Buys Oculus | Atlantic Makes Changes | Amazon Credits eBooks

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Facebook Bets $2 Billion on Virtual Reality (Financial Times)
Facebook is making a $2 billion bet that virtual reality headsets will be the next big social platform after computers and smartphones, with the sudden acquisition of Oculus VR. The deal marks an unexpected move by the world’s largest social network into the hardware business, at a time when arch-rival Google is investing in robots, its own Google Glass headset and other long-term ventures. Facebook believes that virtual reality’s applications could extend beyond gaming into entertainment and education. AllFacebook The transaction is expected to close during the second quarter, and it is comprised of $400 million in cash, 23.1 million shares of Facebook class-A common stock (worth $1.6 billion based on the average closing price of $69.35 for the 20 trading days leading up to March 21) and $300 million in potential cash and stock based on reaching certain unspecified milestones. Facebook said in its announcement that more than 75,000 orders have been placed for Oculus Rift development kits, adding that it plans to help Oculus expand into verticals including communications and media. Adweek The Irvine, Calif.-based company’s Rift headset covers the eyes of users and plants them in a virtual reality world in which they can play games, watch movies and interact in new ways. GigaOM Facebook CEO Mark Zuckerberg said that he sees Oculus as an opportunity to move beyond the console and toward ubiquitous computing. He doesn’t expect Facebook to make money off of selling Oculus hardware; instead, it might become a ubiquitous world for communication that might contain advertising. “Imagine enjoying a court side seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face — just by putting on goggles in your home,” Zuckerberg explained. Bloomberg The deal follows a spate of acquisitions that Facebook has used to build up its mobile business. Last month, the company agreed to purchase messaging application WhatsApp for $19 billion. In 2012, Facebook bought mobile photo-sharing program Instagram for about $700 million. Facebook had $11.4 billion in cash and investments at the end of 2013.

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Atlantic Media Names Four Co-Presidents

atlanticmedia_logo_rgb.PRAtlantic Media has named four new co-presidents. Details are below.

    • James Bennet and Bob Cohn have been named co-presidents of The Atlantic. Bennet — who has been editor-in-chief of the magazine since he joined in 2006 — will retain that role. Cohn, most recently The Atlantic’s digital editor, will now serve as co-president and chief operating officer of The Atlantic. He has been with the company since 2009.
    • Kevin Delaney and Jay Lauf haven been tapped as co-presidents of Quartz, the business site from Atlantic Media. Delaney has been Quartz’s editor-in-chief since the site launched in 2012. He will retain that role. Lauf — Quartz’s publisher — will also continue with that role. Delaney joined Atlantic Media in 2012 and Lauf joined in 2008.

Morning Media Newsfeed: Newsweek Controversy | Mexico Moves on Telco | NJ President Out

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Controversy Marks Newsweek’s Comeback (The Associated Press)
A mystery man. A splashy reveal. A media frenzy. Newsweek staked its return from the dead Friday on a story it knew would get attention. A cover story claiming it had uncovered “the face behind Bitcoin,” the world’s most popular digital currency. Twenty-four hours after identifying Bitcoin’s creator as a 64-year-old former defense contractor employee living in Los Angeles, the controversy over whether or not Newsweek had outed the right man was so furious that Newsweek reporter Leah McGrath Goodman made the rounds on Bloomberg TV and CBS Morning News to defend her reporting against Dorian Nakamoto’s denials that he is the father of Bitcoin. Mashable For the first few hours after the article was published online Thursday, Newsweek enjoyed the kind of attention that most publications would kill for. The Bitcoin story dominated the conversation on social media; 700,000 readers had viewed it as of 5 p.m. ET on Thursday. It went on to top 1 million views. FishbowlNY Within the first few hours of the story’s release, however, Nakamoto emerged to deny any involvement with the digital currency, prompting a media frenzy. In a two-hour interview with the AP Thursday, Nakamoto denied having any involvement in Bitcoin, and the only reason he had ever heard of it was because a Newsweek reporter contacted his son three weeks ago. Nakamoto also said that during a brief interview at his home, McGrath Goodman misunderstood him (English isn’t Nakamoto’s first language). Politico / Dylan Byers on Media The account that created Bitcoin in 2009 has also suggested that the Newsweek story is inaccurate: “I’m not Dorian Nakamoto,” said the account holder, whose online name is Satoshi Nakamoto, according to USA Today. Newsweek In a statement released Friday, Newsweek defended the story: “Goodman’s research was conducted under the same high editorial and ethical standards that have guided Newsweek for more than 80 years. Newsweek stands strongly behind Goodman and her article”

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Peter Beinart Leaves Daily Beast for Atlantic Media

Peter Beinart is leaving The Daily Beast for Atlantic Media, where he’ll serve as a contributing editor. His work will appear in The Atlantic, TheAtlantic.com and National Journal. He’ll also participate in Atlantic Live and National Journal Live events.

Beinart served as a senior political writer and editor of the Daily Beast’s Open Zion blog. He is an associate professor of journalism and political science at CUNY and a senior fellow at the New America Foundation. His work has appeared in publications such as The New York Times, The Wall Street Journal, and The Financial Times.

Beinart will join Atlantic Media in January 2014.

Justin Smith Named Bloomberg Media CEO

Justin Smith, often credited with saving The Atlantic, is departing the company to become the new CEO of Bloomberg Media Group. Smith had been with Atlantic Media since 2007; serving as president since 2010.

In a lengthy “Letter of Appreciation,” sent to staffers, David Bradley, chairman of Atlantic Media, heaped praise upon Smith:

In my frame, Atlantic Media was earning its doctoral degree in modern media from one of modern media’s master practitioners. What Justin believed, he taught, and, as with Michael again, Justin’s beliefs were fierce: That the revolution underway in media is more radical than we—the industry—appreciate. That the contest between legacy and insurgent players is mortal, with advantage to the insurgents. That surviving legacy properties will have had to learn the disciplines of the insurgents—and that they can. That velocity is first among the virtues. That the speed of change is unprecedented. That ideas have their season but not more. From search to social media to native advertising to the next advantage. And, that Atlantic Media could and would and has leapt to the frontier.

At Bloomberg, Smith will be succeeding Andrew Lack, who had served as Bloomberg Media’s CEO since 2008. Lack will become chairman of Bloomberg Media Group.

Below is Bradley’s full note.

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Atlantic Media Launches ‘Defense One’

Defense One, Atlantic Media’s new site catering to those involved (or just interested) in the national security and defense world, went live this morning. If that’s your idea of fun, then you’ll likely find something worthwhile.

Content on Defense One is broken into five categories: global threats, politics, management, technology and ideas. There are no paywalls, so everyone is free to browse as much as they want.

Kevin Baron, executive editor of the new site, writes in a letter that Defense One, “Will be a news and conversation destination for the national security leaders, influential professionals, stakeholders and citizens who are navigating that change.” In other words, don’t expect any think pieces proclaiming that Iceman was more pivotal to Maverick’s success than Mav overcoming the shadow of his father’s career and properly processing his father’s death. But do us a favor, if you do come across that, email us.

Here’s the rest of Defense One’s editorial team:

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Linda Douglass Reduces Role at Atlantic Media

Linda Douglass is reducing her role at Atlantic Media. Douglass had been with the company since 2010, serving as senior VP, global communications. According to a memo, she is shifting to a part-time, consulting position, because she wants to “experiment with the concept of more free time.”

Succeeding Douglass is Emily Lenzner, who comes to Altantic Media from her own consulting firm. She also served as executive director of communications for ABC News’ Washington DC bureau.

Below is the note announcing the change, from Atlantic Media’s president, Justin Smith.

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Atlantic Media Launches ‘Defense One,’ Covering Defense, National Security

Atlantic Media is expanding its brand with Defense One, a site that will cover United States defense and national security news. This doesn’t exactly get us excited, although we’d be interested in checking out a “The 27 Coolest Top Gun Call Signs” piece.

However, if you consider yourself among the “influentials in the national security community,” maybe Defense One is the site for you. Here’s how Justin Smith, president of Atlantic Media, sells the site:

Defense One will bring to this important market the disruptive combination of intelligent, indispensable journalism and leading edge digital expertise that is the hallmark of all of Atlantic Media’s properties. We see Defense One as a major growth venture and a core Atlantic Media brand.

Alright! Anyway, Defense One will launch late this summer if you’re curious.

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