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Posts Tagged ‘Carl Quintanilla’

Morning Media Newsfeed: Time Inc. Struggles | Netflix Shareholders Back Hastings

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Time Inc. Stock Falls in Its Debut (NYT)
Shares of Time Inc., the magazine company that began trading Monday after being spun off from Time Warner, got off to a rough start, falling nearly 7 percent before recovering somewhat. Bloomberg The shares, trading under the ticker symbol TIME, slid less than 1 percent to $23.30 at the close in New York, after earlier dropping by as much as 6.7 percent. Shares of Time Warner, which owns the Warner Bros. movie studio and cable networks such as HBO and CNN, rose 1.2 percent to $68.99. FishbowlNY Last week, Time Inc.’s execs met with editors and asked them to begin the process of cutting 25 percent of editorial spending. That means staffing cuts are coming by the bunches. HuffPost Time Inc. laid off hundreds of employees in 2013 and earlier this year. Some titles, such as People, appear to have already started with their layoffs. Time Inc. is also set to leave its longstanding home, the Time-Life Building, for a cheaper downtown pad. THR Dealmaking could be on the agenda, but unlikely in the form of big acquisitions. Time Inc. was spun off with $1.3 billion in debt. Analysts have compared that to the lack of debt that Rupert Murdoch’s News Corp got when the mogul’s empire was split into two last year. Moody’s recently rated Time Inc.’s debt below investment grade, but other observers said the debt will also allow Time Inc. to show that it can be trusted financially.

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The Search for Matt Lauer’s Replacement Begins

Matt Lauer is probably going to be on the Today show for a very, very long time. Sure, he took quite a hit when people blamed him for the Ann Curry drama, but the guy is good at his job, and we imagine he enjoys being paid $800 billion a year. Nevertheless, Lauer’s contract does run out in 2015, and so speculation has begun on who will succeed him.

According to The Hollywood Reporter, here are the most likely candidates to take Lauer’s spot on the Today show, should he decide to leave: Willie GeistCarl Quintanilla and David Gregory.

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Manhattan’s A-List Turns Out for Harvey Weinstein’s Giants Pep Rally

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I’ve been covering  Wednesday’s at Michael’s for five years and have never seen anything like the head-spinning scene that unfolded there today. Harvey Weinstein and Steve Tisch threw a pep rally to end all pep rallies, and the media A-list all came out to cheer on their favorite team. Peggy Siegal and her minions descended on the place before the crowd rushed in with plenty of New York Giants paraphernalia, transforming the California cool decor into an indoor tailgate party.

By noon, I counted at least a dozen paparazzi staked out at the entrance, and they certainly weren’t disappointed. Drew Nieporent was the first to arrive (“What’s for lunch?”), and in short order the lounge was flooded with famous folks, including Brian Williams, Gayle King, Piers Morgan, Kathie Lee Gifford and Hoda Kotb (wearing newly identical red dresses and looking fabulous), former governor George Pataki, Matt Lauer and various members of the Tisch family.

Katie Couric and Harvey Weinstein
Katie Couric and Harvey Weinstein

Everyone’s mind was on the big game; conventional wisdom says the Giants will be this year’s Super Bowl champs, but it’s going to be a close one.  (All except Jerry Della Femina, who predicts the Patriots will take it 27-24.) “I think it’s going to be a squeaker,” offered Andrew Ross Sorkin. “At least I hope so because it will be a better game.”

Not surprisingly, Giants legend Frank Gifford, who will be watching the game from his home in Greenwich with family and friends, predicts a 30-10 win for his former team. “Eli Manning has really come into his own as a quarterback,” he told me. “But a quarterback is only as good as his team. They’re a great team. If you were playing for the Giants, you’d be a great quarterback.” Doubtful, but we appreciate the sentiment. Brian Williams, who’ll be going to the game, refused to speculate on the final score for fear of tempting the gods. ”You just don’t do that,” he told me.

Diane Clehane and Brian Williams
Diane Clehane and Brian Williams (Credit: Dimitrios Kambouris)

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Jared Cohen: The Guy Who Kept Iranians Twittering|It’s Twin Girls For Quintanilla|Keller Googles In Iran|Boston Globe Union Optimistic About Deal As Negotiations Continue|Newsweek Cuts An Issue

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Jared Cohen
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Colbert Report Full Episodes Political Humor Stephen Colbert in Iraq

Baynewser: A profile of U.S. State Department employee Jared Cohen, who called Twitter to ask them to postpone scheduled maintanence.

TVNewser: CNBC‘s Carl Quintanilla and his wife Judy Chung, a former CNBC and MSNBC producer, welcomed twin girls.

New York Times: In Bill Keller‘s latest dispatch from Iran he tries Googling “Hooker.”

MarketWatch: As negotiations continue today, Boston Globe union leader Dan Totten is “optimistic” that an agreement will be reached soon between the Boston Newspaper Guild and the New York Times Co.

Wall Street Journal: Newsweek cuts an issue in August.