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Posts Tagged ‘BSkyB’

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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Morning Media Newsfeed: Tebow Joins GMA | EU Regulators Approve BSkyB Acquisitions

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Tim Tebow Joins Good Morning America as Contributor (TVNewser)
With football dominating much of the news this week, Good Morning America is adding another former NFL star to its roster. THR / The Live Feed Already ingrained in the Disney-ABC family as an ESPN analyst, Tim Tebow officially makes his debut on the current No. 1 morning talk show as the newest contributor on Sept. 15. HuffPost ABC News said that Tebow will help with the morning show’s “Motivate Me Monday” series, reporting from the studio and towns across the country on inspirational stories. The Sentinel Tebow’s first story will focus on 10-year-old Deven Jackson of Perry County, Pa. Two weeks ago, Jackson played in a midget football game, three years after losing both legs to a rare illness. Tebow spent the day with Jackson and his family at their home. Tebow also spoke to Jackson’s midget football team. The league is trying to raise $10,000 to purchase the proper equipment for Jackson. The Wire Tebow, 27, played college football at the University of Florida from 2007-2009, during which time he became the first underclassman to win the Heisman Trophy. Despite early success in the NFL with Denver Broncos, Tebow struggled in subsequent stints with the New York Jets and New England Patriots.

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Morning Media Newsfeed: Journalists Under Threat in MO | Broadcasters Aim at Aereo

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Ferguson Police Threaten Journalists (FishbowlNY)
Police in Ferguson, Missouri, have once again clashed with reporters covering the aftermath of the Michael Brown shooting. One cop, who was being filmed by local radio journalist Mustafa Hussein, threatened to shoot if Hussein didn’t stop. MSNBC’s Chris Hayes was also threatened by an officer who said “Get back! Or next time you’re gonna be the one maced.” Three other journalists – Sports Illustrated’s Robert Klemko, The Telegraph’s Rob Crilly and The Financial Times’ Neil Munshi — tweeted that they had been briefly arrested and then released. TVNewser Three more reporters were arrested in Ferguson overnight Sunday, with several more reporting being detained or threatened. FishbowlDC Last Wednesday, The Washington Post’s Wesley Lowery and HuffPost’s Ryan Reilly were arrested inside a McDonald’s and later released. The same night, tear gas was shot at an Al Jazeera America crew in Ferguson. TVNewser As the National Guard arrived in Ferguson, where the overnight curfew has been lifted, the broadcast and cable networks had set plans to continue coverage of the escalating violence there Monday. Brian Williams anchored Nightly News from Ferguson Monday night, and correspondents Ron Allen and Mark Potter reported from Ferguson. ABC News had Steve Osunsami and Alex Perez, CBS News sent Mark Strassmann and Vladimir Duthiers, and MSNBC deployed Hayes and MSNBC.com reporters Trymaine Lee and Amanda Sakuma. CNN’s Anderson Cooper, Don Lemon and Jake Tapper were also in Ferguson, as well as Fox News’ Mike Tobin and Shepard Smith. PRNewser In the wake of the violence, the town of Ferguson has hired a PR firm, Common Ground Public Relations, for communications help. According to a rep from Common Ground, the firm is only handling the deluge of media requests that the city has been getting since protests began about a week ago.

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Morning Media Newsfeed: Zakaria Joins The Atlantic | The Hill Names Cusack Editor-in-Chief

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Fareed Zakaria to Join Atlantic Media as Contributing Editor (FishbowlDC)
Atlantic Media announced Monday that Fareed Zakaria will join The Atlantic and Quartz as a contributing editor in September. In this role, he will write for The Atlantic and participate in AtlanticLIVE and Quartz events. FishbowlNY Zakaria will continue his current roles as host for CNN and a columnist for The Washington Post. HuffPost “I have read The Atlantic with pleasure for three decades,” Zakaria said. “It is the best forum for ideas in the world and I’m delighted to be a part of it and Quartz.” Poynter / MediaWire Zakaria will cover “pressing world matters and culture”, and his work will appear both in the magazine and on TheAtlantic.com, according to Atlantic Media. Politico / Dylan Byers on Media Zakaria’s first event with the company will be Quartz’s The Next Billion: A Connected World conference in New York in November.

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Morning Media Newsfeed: WaPo Reporter Detained in Iran | Bloomberg Hires Topolsky

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WaPo Reporter, Other Journalists Appear to Have Been Detained in Iran (The Washington Post)
Three American citizens, including the Washington Post’s correspondent in Iran, appear to have been detained this week in Tehran, U.S. officials and the newspaper said Thursday. FishbowlDC Jason Rezaian and his wife, Yeganeh Salehi, are among four individuals — including two unnamed American freelance photojournalists — detained without explanation. Mediaite Salehi, an Iranian citizen, works for a paper out of the United Arab Emirates. The Post does not know why they were detained or by whom; Rezaian’s family has not issued a comment. The State Department said it was aware of the incident but revealed no further information. HuffPost Rezaian has been based in Iran since 2008 and with the Post since 2012. He most recently reported Friday from Vienna on talks over Iran’s nuclear program. Laura Rozen, a reporter with Al Monitor, tweeted that she saw Rezaian on Saturday and that he was planning to fly back that night to Tehran. NYT Hamid Babaei, a spokesman for Iran’s mission to the United Nations, said it, too, was “following up on the case” and would notify reporters when it had any news. The Committee to Protect Journalists, a press freedom advocacy group, called on the Iranian authorities to explain their actions, and to release those it was holding. The U.S. does not have diplomatic relations with Iran. The Swiss government, which has an embassy in Tehran, acts on behalf of American citizens in the country.

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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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Morning Media Newsfeed: Clinton Begins Media Tour | NYT Magazine Adds Wasik

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Diane Sawyer’s Clinton Interview Draws 6 Million Viewers (TVNewser)
According to preliminary Nielsen data, Diane Sawyer’s interview with Hillary Clinton averaged 6.079 million viewers in the 9 p.m. ET hour Monday night. Sawyer had the first interview with Clinton as the former Secretary of State began her press tour for Hard Choices, out Tuesday. FishbowlDC ABC led CBS and NBC in viewers for the hour. On top in ratings Monday night was Fox, which aired 24 and averaged 6.333 million viewers in the 9 to 10 p.m. hour. Deadline Hollywood However, the interview drew a 1.0 in the demo, finishing last in the 9 p.m. hour among the Big 4 networks. CNN Clinton also appeared on ABC’s Good Morning America Tuesday to promote her book. Hard Choices is about Clinton’s years as President Barack Obama’s first secretary of state, which she stepped away from early last year. In her ABC appearances, she honed what is likely to be her book tour message — one of a thoughtful diplomat who is prepared to reintroduce herself to voters, especially women. With her book lining the walls of booksellers nationwide, Clinton also stopped at a Barnes & Noble in Manhattan Tuesday for her first book signing of the two-week tour. NBC News While Clinton has been traveling the country doing paid speeches in recent months, this book tour will put her on a much more rigorous — and campaign-like — schedule. She will visit at least 15 different cities over the next two weeks, including Washington, Philadelphia, Seattle, Los Angeles, Kansas City and Austin. Plus, she is doing a host of television interviews to promote the book, including with NBC News, CBS News, CNN and Fox News.

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Morning Media Newsfeed: MSNBC Cancels Finney | Colbert Blasts Amazon

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Karen Finney’s Disrupt Cancelled (TVNewser)
Disrupt With Karen Finney won’t be celebrating its one-year birthday this weekend, as the 4 p.m. ET weekend show has been cancelled. FishbowlDC Disrupt debuted June 8, 2013. Finney is the former communications director for the Democratic National Committee and was previously with the NYC Department of Education. Mediaite As of Thursday afternoon, MSNBC’s listed online schedule shows that the 4 p.m. hour will now be filled by documentaries instead of an extension of the network’s news programming. THR / The Live Feed “Our thanks to Karen and her team for their great work. Finney will remain with MSNBC as a contributor,” the network said in a statement. Deadline Hollywood Lousy ratings did in the weekend show, which regularly ranked No. 4 in its time slot among cable networks.

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Morning Media Newsfeed: NPR Appoints CEO | Colbert’s Successor Named | Clippers Tap Parsons

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Jarl Mohn Becomes NPR President and CEO (FishbowlDC)
The board of directors of NPR announced Friday that it has selected Jarl Mohn to become its next president and chief executive officer. WSJ Mohn is becoming the fifth leader in a five-year stretch marred by scandal and financial woes. Mohn hails from a flashier background than some of his predecessors at NPR. He spent years as a radio DJ, under the pseudonym Lee Masters, and served as an executive at MTV and VH1 before creating and running E! Entertainment Television. He subsequently served as chief executive of Liberty Digital Inc., a subsidiary of Liberty Media Group focused on interactive and cable television. Politico / Dylan Byers on Media Mohn, who currently serves as chairman of Southern California Public Radio, will begin his tenure as CEO on July 1. He was recruited by acting CEO Paul Haaga, who had been running the network since September after the unexpected resignation of Gary Knell, who left to join National Geographic. Deadline New York Knell left NPR after 21 months on the job, succeeding Vivian Schiller, who was forced to resign over a string of controversies. In September NPR hoped to cut its staff by 10 percent by offering staffers a voluntary buyout. It was part of a two-year plan to eliminate an operating cash deficit expected to hit $6.1 million. HuffPost / AP Board chair Kit Jensen says Mohn has a keen ability to identify media and consumer trends and has a strong track record on diversity and fairness. Mohn said in a statement that he considers the new position a mission, not a job.

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Morning Media Newsfeed: CNN Slashes Jobs | Networks Cover Benghazi Emails | Viacom Profit Up

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50 Positions Cut Across CNN (TVNewser)
CNN has eliminated at least 50 positions across several divisions. Employees in New York, Washington, D.C. and Atlanta at CNN Digital, CNN Money, Newsgathering and the CNN Library were told their positions are changing. Thursday’s cuts follow the elimination of 16 positions last month from the image and sound unit in Atlanta. A CNN insider said the changes are related to the integration of television and digital newsgathering. Capital New York There is not expected to be any reduction in employee headcount. While some positions are being eliminated, the same number of new jobs will be created, albeit with different descriptions or responsibilities. CNN is encouraging affected employees to apply for the new jobs, which are expected to start posting as early as this week. TheWrap CNN president Jeff Zucker met with newsroom reporters on Thursday to tell them the bad news. The cuts mainly affect news producers and managers, some of whom will be invited to reapply for new or “updated” positions at lower salaries. The insider said Zucker’s plan is to reduce packaged news stories to three or four per day and described the reaction in the newsroom as “shell-shocked.” Variety Under Zucker, the news network has been placing more emphasis on live coverage of breaking events as well as documentaries, leaving less room for the creation of pre-taped video packages that had been more of a staple on the network. THR / The Live Feed With the Time Inc. spinoff from Time Warner set for later this year, the CNN Money website is planning on separating Fortune magazine into a standalone entity on June 1. Fortune and Money magazines are currently housed on the CNN Money site.

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