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Posts Tagged ‘Bloomberg’

Thanks to $72 Million Blunder, Bloomberg Gets Way More Than They Bargained For

NYMagReasonsLogoDeck the halls with bows of expletive. That might well describe the mood at Bloomberg today, given that a journalist they just hired has been tarred with the latest MSM fact-check scandal.

Ultimately, it is Jessica Pressler who is responsible, as the bylined author of the New York magazine item, for this note at the top of a New York Post pick-up:

Mohammed Islam has since admitted he lied to New York magazine and did not make any money on the stock market, an Observer interview reveals.

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Morning Media Newsfeed: Gawker Shakes Up Leadership | Guardian EIC to Step Down

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Gawker Makes Leadership Changes (FishbowlNY)
Nick Denton has announced some major changes to the leadership structure at Gawker Media. Instead of Denton having all the oversight, a collective of seven managing partners (including Denton) “will consult on major matters such as tech investments and the reassignment of department heads,” according to a memo. NYT The move was in part because of the company’s editorial failures in the last year. Denton said he would stay on as chief executive and remain involved in the company’s future, but that recent failures in management had shown he needed more support. Politico / Dylan Byers on Media The move, Denton said, was part of an effort to scale back his day-to-day managerial roles and return to blogging, which he called “the only truly new media in the age of the Web” and “the essential act of journalism in an interactive and conversational age.” The move also suggests that Gawker Media may be gearing up for an acquisition or merger of some sort. Denton said that no such activity was afoot. GigaOM The new management structure will make it easier to respond to the increasing competitive threat from sites like BuzzFeed and Vox, Denton said, since decisions will be made by the committee as a whole rather than everyone having to try and get the founder’s attention at the same time. The new group includes former Deadspin editor Tommy Craggs as head of editorial operations, effectively replacing editor-in-chief Joel Johnson, who announced recently that he had been fired. Capital New York The rest of the managing board includes president Heather Dietrick, chief strategy officer Erin Pettigrew, advertising head Andrew Gorenstein, chief operating officer Scott Kidder and chief technology officer Tom Plunkett, who will continue to work on the product side but shed the title of CTO. The memo also mentions that Gawker’s revenues are up 30 percent year-over-year and the company has hired Paul Sundue to head Studio@Gawker, the company’s in-house native advertising agency.

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Morning Media Newsfeed: Gregory Joins Yahoo! for Election Coverage | FCC May Revive Aereo

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David Gregory to Join Katie Couric for Election Special on Yahoo! (NYT)
David Gregory, who was replaced as host of NBC’s Meet The Press in August, will appear in a Yahoo! midterm election program with Katie Couric, the company said Tuesday. TVNewser Gregory is not joining the company, but these appearances often can lead to more permanent placements. Matt Bai, who left The New York Times for Yahoo! last year, and Politico’s Mike Allen are also a part of Yahoo!’s coverage. TVNewser Mark Halperin and John Heilemann will lead Bloomberg’s election night coverage, dubbed Election All-Nighter, which begins at 5 p.m. ET with a special edition of With All Due Respect. Primetime coverage starts at 7 p.m. ET, with Halperin and Heileman joined by Al Hunt and analysts Kim Alfano, Bill Burton, Lanhee Chen, Fred Davis, Patti Solis Doyle, Anita Dunn, Michael Feldman and John Sununu. FishbowlDC Coverage will also extend to an “Election Night dashboard” on BloombergPolitics.com, comprising a Bloomberg TV livestream, website coverage and real-time election data. TVNewser CNN will turn to Wolf Blitzer and Anderson Cooper — along with the Empire State Building — to headline the network’s election night coverage, dubbed Election Night in AmericaMediaite As they have done in the past, Jon Stewart and Stephen Colbert will be airing their respective Comedy Central shows live on Election Night next Tuesday so they can react to midterm results as they happen instead of being hopelessly behind the curve with pre-taped comedy.

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Morning Media Newsfeed: Ben Bradlee Dies at 93 | Pew Finds Partisan News Consumption

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Former Washington Post Editor Ben Bradlee Dies at 93 (FishbowlDC)
Former editor of The Washington Post Ben Bradlee died Tuesday of natural causes at the age of 93 at his home in Washington. Bradley served as executive editor of The Washington Post from 1968-1991, a time that included the resignation of President Richard Nixon and the Watergate scandal. The Washington Post Bradlee’s most important decision, made with publisher Katharine Graham, the Post’s publisher, may have been to print stories based on the Pentagon Papers, a secret Pentagon history of the Vietnam War. The Post’s circulation nearly doubled while Bradlee was in charge of the newsroom — first as managing editor and then as executive editor — as did the size of its newsroom staff. NYT With full backing from Graham, Bradlee led the Post into the first rank of American newspapers, courting controversy and giving it standing as a thorn in the side of Washington officials. When government officials called to complain, Bradlee acted as a buffer between them and his staff. “Just get it right,” he would tell his reporters. Most of the time they did, but there were mistakes, one so big that the paper had to return a Pulitzer Prize. Boston Globe It was Bradlee who guided the Post through its coverage of the Watergate scandal — “the story of our generation,” he later called it, “the story that put us all on the map” — and his unwavering leadership was crucial to the success of the paper’s investigations during the nine months between the break-in at Democratic National Committee headquarters on June 17, 1972, and the sentencing of the Watergate burglars on March 23, 1973, a period during which the Post was far out in front of the rest of the media in covering the scandal and, as a result, dangerously exposed to criticism from the Nixon administration. Reuters Bradlee’s death at his Washington home of natural causes was announced by the Post, which reported late last month that he had begun hospice care after suffering from Alzheimer’s disease for several years.

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Morning Media Newsfeed: Turner to Cut 10% of Staff | Politico Names Executive Editor

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Turner to Cut 10 Percent of Workforce (TVNewser)
As part of Turner 2020, the cost-cutting and reorganization plan announced earlier this year, the parent company of CNN, HLN, TBS and others has announced it plans to cut 1,475 jobs. CNNMoney Turner Broadcasting, a unit of Time Warner Inc., will cut its total workforce by about 10 percent in the coming weeks through a mix of buyouts, layoffs and other measures, the company said Monday. Capital New York The headcount reduction will include buyouts of staff over the age of 55, layoffs and unfilled open roles. Staff that will be laid off will be informed within the next two weeks. That number also takes into consideration the addition of 150 new jobs in “growth areas” at the company. THR The cuts will come at all levels from across the news, entertainment, kids, young adult and sports networks and businesses as well as corporate functions, in 18 Turner locations around the world. About 300 positions will be eliminated within CNN Worldwide, or about 8.5 percent of the roughly 3,500-strong workforce. WSJ This summer, Time Warner rebuffed a takeover bid from 21st Century Fox Inc. Time Warner CEO Jeff Bewkes is under pressure to show Wall Street the company can deliver growth — and a higher stock price — on its own.

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NewsWhip Compiles Some Impressive Harvard Business Review Stats

Check out the following graph, one of many highlighted in a post today by NewsWhip. From September 1-24, the site sliced, diced and analyzed the social media metrics of seven leading business news sites.

NewsWhipeFacebookSharesPerStory

In terms of overall Facebook engagement, Business Insider is the winner. But as you can see above, when it comes to the social network’s rough equivalent to a per-capita metric, The Harvard Busines Review (HBR) is way ahead.

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Morning Media Newsfeed: Freedom Shutters LA Register | ISIS Releases Journalist Video

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Layoffs Hit Freedom Communications as It Ceases Publication of LA Register (LA Times)
Layoffs hit the Orange County Register on Tuesday after owner Freedom Communications ceased publication of its Los Angeles daily five months after it debuted. TheWrap A spokesperson for the LA Register said that 29 newsroom positions have been eliminated as a result of the paper’s shutdown. An unspecified number of employees will be transferred to the Orange County Register. WSJ / CMO Today The owner of Freedom Communications Inc., Aaron Kushner, who turned heads last year when he announced he was launching the daily newspaper, admitted Tuesday that the move was a failure. “As strong a newspaper as our team produced, our business model is a virtuous circle,” Kushner said in a statement. “If the support is not at a level that matches our investment, we have to adapt and make adjustments as we’ve done today.” HuffPost / AP Freedom said it will focus on markets in Orange, Riverside and San Bernardino counties. It owns the Riverside Press-Enterprise, which it bought in November for more than $27 million. NYT The LA Register ceased publication with its Monday issue. Monday evening, Kushner sent a memo to his employees announcing the news. An article about the shutdown ran on the newspaper’s front page.

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Morning Media Newsfeed: Ravens Cut Rice Following TMZ Video | Todd Wins on MTP

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Ray Rice Cut by Ravens Following TMZ Video Release (TVNewser)
At 4 a.m. ET Monday morning, TMZ posted a video showing Baltimore Ravens running back Ray Rice knocking out his fiancée Janay Palmer — now his wife — in an Atlantic City elevator last February. By 2:30 p.m., Rice had been suspended indefinitely by the NFL and cut by the Ravens. PRNewser The NFL’s SVP of communications Greg Aiello explained things to CNN: “We requested from law enforcement any and all information about the incident, including the video from inside the elevator. That video was not made available to us and no one in our office has seen it until today.” Mashable The video shows a man believed to be Rice and a woman in a lobby at the Revel Casino Hotel in Atlantic City, New Jersey, on Feb. 15, 2014. The woman is believed to be Palmer, now Janay Rice, whom Rice married in March. After entering an elevator, the two briefly scuffle. The man then hits the woman with his left hand, causing her head to appear to hit the handrail in the elevator. The woman then slumps to the ground and does not move. The man then proceeds to drag her out of the elevator while she still appears to be unconscious. Security arrives after that. Variety ESPN host Keith Olbermann has accused the NFL and commissioner Roger Gooddell, among others, of covering up the Rice domestic violence situation. Rice was given a two-game suspension by the NFL last month over the incident, but on Monday, the league suspended the football player indefinitely as a result of the graphic video. Mediaite TMZ founder Harvey Levin said Monday that none of this would have happened, and Rice would have gotten away with it scot-free, had TMZ not put the video online.

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Morning Media Newsfeed: Bloomberg Back to Lead Company | Obama Vows Justice for Sotloff

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Michael Bloomberg to Return to Lead Company He Founded (NYT)
Michael R. Bloomberg has decided to reassume the leadership of his business empire only eight months after ending his final term as mayor of New York. Late Wednesday, Bloomberg told close confidants and senior executives of Bloomberg LP, a financial data and media company, that Daniel L. Doctoroff, its chief executive and a longtime friend and lieutenant, would leave the company at the end of the year and that he would take over. FishbowlNY It seems like only yesterday that Bloomberg was chiding us for drinking large sodas and eating too much salt. In fact, that was about nine months ago. During the time since he vacated the mayor’s office, Bloomberg has become bored. And so he’s returning to a little company called Bloomberg LP, as its CEO. WSJ In a statement, Bloomberg said he hadn’t intended to return to Bloomberg LP after his mayoral stint was completed. “However, the more time I spent reacquainting myself with the company, the more exciting and interesting I found it — in large part, due to Dan’s efforts. I have gotten very involved in the company again and that led to Dan coming to me recently to say he thought it would be best for him to turn the leadership of the company back to me.” NPR / The Two-Way Both Bloomberg and Doctoroff, a former deputy mayor under Bloomberg before being tasked with running the company, told the Times that there was no animosity between them regarding the shift. Forbes Bloomberg only had praise for his former deputy, who took revenues from $5.4 billion in 2007, just before he became president, to more than $9 billion this year.

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Morning Media Newsfeed: Journalist Sotloff Beheaded by ISIS | WaPo Publisher Out

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American Journalist Steven Sotloff Reportedly Beheaded by ISIS (TVNewser)
Two weeks after James Foley was beheaded by ISIS, American journalist Steven Sotloff has reportedly been executed by the same group. FishbowlDC “This is something that the administration has obviously been watching very carefully since this threat against Mr. Sotloff’s life was originally made a few weeks ago,” said White House press secretary Josh Earnest Tuesday afternoon. Earnest went on to say, “I’m not in a position to confirm the authenticity of that video or the reports at this point since I obviously just walked out here. If there is a video that has been released, it is something that will be analyzed very carefully by the U.S. government and our intelligence officials to determine its authenticity.” ABC News In a new video, which appeared online Tuesday, Sotloff addresses the camera, saying, “I’m sure you know exactly who I am by now and why I am appearing.” Later the video then cuts to the militant who says, “I’m back, Obama. I’m back because of your arrogant foreign policy towards the Islamic State [ISIS].” Politico Sotloff, 31, grew up in Florida and was a freelance journalist, having worked for publications like Time magazine and Foreign Policy. He was taken hostage while reporting in Syria last year. WSJ The Islamic State video also showed a man identified as Briton David Cawthorne Haines. He is kneeling and wearing an orange jumpsuit as the militant threatens to kill him next. A U.S. official said there is no reason to believe the video isn’t authentic. USA Today The U.S. intelligence community has concluded that a video appearing to show the beheading of Sotloff is genuine.

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