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Posts Tagged ‘CBS’

Morning Media Newsfeed: Bloomberg Cancels Hunt | CNN Politics Makes Cuts

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Bloomberg Media Makes Cuts in Three Cities, Cancels Political Capital (TVNewser)
Bloomberg Media made cuts in Washington, D.C., Los Angeles and New York City Thursday. FishbowlDC Bloomberg announced several layoffs in its D.C. bureau, relocating a few TV production positions to New York, where its daily politics show with Mark Halperin and John Heilemann — slated to launch in October — will be produced. Amid news of the layoffs, Bloomberg spokeswoman Amanda Cowie shared the following statement: ”Our TV operation — in the U.S. and around the world — is growing in size. We are changing how, and where, the TV operation is run.” NYT Some political and finance reporters were dismissed and the company will move some European television production jobs to London. It will also close its small television bureau in Los Angeles and focus its resources on San Francisco. Politico / Dylan Byers on Media Bloomberg Media has decided to cancel its weekly political talk show, Political Capital With Al Hunt. Hunt will continue to write his weekly column for Bloomberg View, the site’s opinion vertical. Several print staff will also be laid off. Staffers will have the option to apply for other jobs at the company. TheWrap “We will continue to expand our Washington coverage. We’re launching a new politics platform — including for the first time a daily political show — expanding initiatives like First Word DC, investing in financial crimes reporting and the changes are a part of the overall new structure being put into place,” Cowie said.

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Morning Media Newsfeed: Murdoch Withdraws Time Warner Bid | New Leaker Emerges

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After Pushback, Murdoch Abandons Fox’s Pursuit of Time Warner (NYT / DealBook)
At 4:07 p.m. Tuesday, the chief executive of Time Warner Inc., Jeffrey L. Bewkes, received an unexpected email. “On behalf of our board and senior management team, I am writing to inform you that we are withdrawing our offer to acquire Time Warner, effective immediately. Sincerely, Rupert Murdoch.” A hand-delivered letter bearing the same message arrived soon after. TVNewser In short, Murdoch’s 21st Century Fox withdrew its bid for Time Warner, CNN’s parent company. FishbowlNY Early last month, word leaked that Murdoch’s bid of $80 billion was rejected, which raised speculation that he’d try everything in his power to make it happen. Instead, the opposite has occurred. Politico / Dylan Byers on Media Subsequent reports speculated that Murdoch, dogged in his pursuit of an acquisition, would consider upping the offer by as much as $13.5 billion. Had such a deal gone through, it would have merged the country’s top-two cable providers, giving Murdoch control of several top-rated cable networks, including TNT, Fox News, TBS and Cartoon Network. WSJ Fox cited both Time Warner’s unwillingness to “engage with us” and a sharp drop in Fox’s stock price which made a deal “unattractive to Fox shareholders.” Fox’s stock had fallen about 11 percent since news broke last month that it had made a takeover offer for Time Warner, valued at $85 a share.

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Morning Media Newsfeed: Major Changes Hit Condé Nast | MTP May Oust Gregory

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Major Executive Changes at Condé Nast (FishbowlNY)
Big changes have just hit Condé Nast. Editorial director Tom Wallace and COO and CFO John Bellando are both leaving the company, while David Geithner — a former veteran of Time Inc. — is joining as CFO. Capital New York Wallace, who had previously served as editor-in-chief of Condé Nast Traveler, had been editorial director since 2005, helping to craft a consistent brand across the company’s many glossies and its many special editions. WWD / Memo Pad Several other major management changes were revealed, including the expansion of responsibilities of Robert A. Sauerberg Jr., president of Condé Nast. According to a memo, Sauerberg “will assume a leading role in all revenue generation activities, including taking direct responsibility for the Condé Nast Media Group, as well as brand revenue growth.” This will expand his areas of responsibility beyond the management of digital, technology, consumer marketing, business development, corporate administration and Condé Nast Entertainment. THR Bellando joined the company’s executive ranks in 1999. Geithner had spent more than two decades at Time Inc. prior to the appointment at Condé Nast. Most recently, Geithner served as the EVP and president of Time Inc.’s Entertainment Group, and exited the company earlier this year as part of the reorganization prior to the spinoff of the publisher from Time Warner. Time Inc. chairman and CEO Joe Ripp announced Geithner’s departure in a memo on Feb. 4, singling out his contributions to People, Entertainment Weekly and InStyle. WSJ The changes come as Condé Nast, a unit of Advance Publications Inc., is pushing to capture more digital related advertising dollars. Earlier this month, Condé Nast launched a new online video hub called The Scene, intended to serve as a home for all its video channels, including original programming such as The Single Life and Strictly Ballet.

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Morning Media Newsfeed: Time Warner Plays Defense | Netflix Hits 50 Million Subscribers

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Time Warner Cancels Shareholders’ Ability to Call Special Board Meeting, Guards Against Fox Acquisition (NYT / DealBook)
Time Warner is playing defense. On Monday, the company amended its corporate bylaws and removed a provision that allowed shareholders to call a special board meeting. In a filing with the Securities and Exchange Commission, Time Warner said the change was effective immediately. Variety The media company’s board approved a measure to temporarily prevent a fraction of shareholders, some 15 percent, from forcing a vote on 21st Century Fox’s $85 per-share offer, according to public filings. The so-called special meeting provision may be re-instated at the company’s 2015 shareholders meeting. Deadline Hollywood The fear was that Rupert Murdoch — or anyone — could have tried to stampede short-term investors into accepting a deal even if the board concluded that it would not serve their long-term interests. Time Warner shares were down 1.6 percent in post-market trading following disclosure of the change. THR Murdoch’s 21st Century Fox has bid about $80 billion to acquire Time Warner, but Time Warner’s board and CEO Jeffrey Bewkes have rejected the proposal. Some analysts predict that 21st Century Fox will eventually offer $100 a share for Time Warner. The conglomerate’s stock has climbed 23 percent in the past week on such speculation, and Monday it closed at $87.36. TVNewser People familiar with the original $80 billion proposal that was rejected said if 21st Century Fox took over Time Warner, it would sell CNN to prevent antitrust issues stemming from Fox News and CNN’s direct competitor relationship.

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Morning Media Newsfeed: SI Scores LeBron James Scoop | The View Considers Cupp

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LeBron James Announces Cleveland Return Via Sports Illustrated (FishbowlNY)
Everyone in the sporting world — and many others outside of it — were awaiting word on where LeBron James would play next season, and Sports Illustrated got the scoop Friday. In an article by James (as told to SI’s Lee Jenkins), James explained his reasons for returning to Cleveland to play for the Cavs. LostRemote After the story went up, James posted on Instagram a photo of himself with the caption “I’m Coming Home.” #GoodforLebron and #Cleveland also started trending on Twitter quickly. TVSpy Cleveland CBS affiliate WOIO reported the news at 12:25 p.m. Friday, just after James’ announcement was posted to SI.com. “The newsroom is abuzz right now,” Paul Orlousky said. The station remained in coverage through the 1 p.m. hour. PRNewser Jenkins reportedly helped James write the essay Thursday night, and the mag didn’t let any of its advertisers know about what will almost surely be the biggest traffic driver in recent history. HuffPost “My relationship with Northeast Ohio is bigger than basketball,” James told Jenkins. “I didn’t realize that four years ago. I do now.” James, an Akron, Ohio native, was selected by the Cavs with the No. 1 overall pick in the 2003 NBA Draft. After reaching the NBA Finals just once in those seven seasons, James infamously announced that he would be joining the Miami Heat in July 2010 during a televised interview dubbed “The Decision.” Both James’ choice of team and his choice of venue for the announcement led to a virulent backlash in Ohio that included fans burning his jersey and a public repudiation from Cavaliers owner Dan Gilbert.

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Morning Media Newsfeed: Media Cover Cantor Loss | RTDNA Announces Winners

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Right-Wing Radio’s Win on Cantor (Politico)
Dave Brat didn’t have much money, staff or name recognition — but he did have Laura Ingraham. In the weeks leading up to Tuesday’s primary, the conservative talk radio host did more to raise Brat’s profile in his Virginia district than his own campaign could ever have done with its paltry budget and paid staff of two, political experts in the state and Washington said Wednesday. TVNewser Cable news networks went into overdrive with the stunning news Tuesday night. At 8:06 p.m. MSNBC’s Rachel Maddow interrupted Chris Hayes‘ show, which had been pre-recorded. Maddow called it “a shocking development in American politics.” (Hayes returned live at 8:38 p.m.). CNN’s Anderson Cooper called the race at 8:11 p.m. and FNC’s Trace Gallagher broke into The O’Reilly Factor at 8:14 p.m. ET, before Bret Baier and Megyn Kelly picked up coverage and filled out the 8 p.m. ET hour. NYT Few people did more than Ingraham to propel Brat, a 49-year-old economics professor who has never held elected office before, from obscurity to national conservative hero, defeating house majority leader Eric Cantor in the Republican primary held Tuesday night. And few stories better illustrate how his out-of-nowhere victory was due in large part to a unique and potent alignment of influential voices in conservative media. New York Daily News / Mouth of The Potomac Ingraham likened a rally she held for Brat to what she saw in 2008 when freshman senator Barack Obama was campaigning in the Iowa caucuses. She left Iowa knowing Obama would win. “The national media totally missed this,” said Ingraham, a nervy and entertaining conservative, noting how little coverage the rally got, mostly via the local NBC station and a conservative website. TVNewser Nearly 4 million people tuned into one of the cable news networks during the 8 p.m. ET hour Tuesday night as news broke that Cantor had been defeated in his Virginia primary race. As usual, Fox News led the way in both ratings metrics, averaging 2,794,000 total viewers and 485,000 adult 25-54 viewers in the 8 p.m. hour.

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Morning Media Newsfeed: WH Probes CIA Press Leak | Katz, Lenfest Win Inquirer Bidding | New Abramson/NYT Details

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White House Launches Probe Into CIA Station Chief Disclosure (Politico)
The White House has launched an investigation into how the name of the CIA’s station chief in Afghanistan was released to the press Sunday during President Barack Obama’s surprise visit to U.S. troops there, officials said. TVNewser White House counsel Neil Eggleston will oversee the investigation. FishbowlDC On Sunday as President Obama spoke at Bagram Air Base in Afghanistan, a pool report sent to upwards of 6,000 journalists included the name of a CIA station chief in the country, as one of many briefing the President during his visit. HuffPost The Washington Post’s Scott Wilson, who wrote the pool report, had received the list from White House officials. Wilson included the list as part of a pool report from Obama’s visit to Afghanistan that was distributed Saturday by the White House press office, which later sent out a revised version not including the station chief’s name. Despite the pool report appearing in thousands of inboxes, all major news outlets have continued to withhold the covert agent’s name at the government’s request. Time The CIA official operates under a cover, though their identity is known to the Afghan government. The release of the name is not only a faux pas in intelligence circles, but could jeopardize the CIA officer’s career and safety.

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Morning Media Newsfeed: NYT Axes Abramson | Snowden Book Rights to Sony | CBS Touts Tradition

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The New York Times Replaces Abramson as Executive Editor (NYT)
Jill Abramson has been dismissed as executive editor of The New York Times and is being replaced by Dean Baquet, the managing editor, an abrupt change in leadership at one of the nation’s largest daily newspapers. FishbowlDC Abramson served as executive editor since 2011 and was the first woman in the role. According to the Times‘ coverage of the announcement, Arthur Sulzberger Jr., the publisher of the paper and the chairman of The New York Times Company, told a stunned newsroom that had been quickly assembled that he had made the decision because of “an issue with management in the newsroom.” Politico / Dylan Byers on Media Despite significant achievements, Abramson’s tenure was marred by tension with Sulzberger and disagreements with Times Co CEO Mark Thompson, who took an unprecedentedly hands-on approach to managing the paper’s editorial resources. Abramson also suffered from perceptions among staff that she was condescending and combative. Mashable Abramson previously served as the Times‘ Washington bureau chief and managing editor before taking the executive editor role. People with knowledge of the Times newsroom said some staffers questioned how much Abramson enjoyed running the paper. She was sometimes conspicuously absent from the newsroom; one notable occasion was the day after Hurricane Sandy slammed into the New York region. New York Post / AP Baquet, 57, who is the first African-American to hold the newspaper’s highest editorial position, received a Pulitzer Prize for investigative reporting in 1988. Baquet originally joined the Times in 1990 as a reporter and held positions including deputy metropolitan editor and national editor. He left the paper for the LA Times in 2000, where he served as managing editor and then editor. Baquet rejoined the Times in 2007 and was Washington bureau chief before becoming the managing editor for news in Sept. 2011. FishbowlNY Former FishbowlNY editor Dylan Stableford was prophetic when he covered a breakfast event in 2008 and wrote: “Dean Baquet looked an awful lot like the next executive editor of The New York Times.” The New Yorker / Currency As with any such upheaval, there’s a history behind it. Several weeks ago, I’m told, Abramson discovered that her pay and her pension benefits as both executive editor and, before that, as managing editor were considerably less than the pay and pension benefits of Bill Keller, the male editor whom she replaced in both jobs. “She confronted the top brass,” one close associate said, and this may have fed into the management’s narrative that she was “pushy,” a characterization that, for many, has an inescapably gendered aspect.

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Morning Media Newsfeed: Apple to Buy Beats | Time Inc. Spin-off Set | House Questions Comcast Merger

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Apple in Talks for $3.2 Billion Beats Deal (Financial Times)
Apple is closing in on its largest ever acquisition with the planned $3.2 billion purchase of Beats Electronics, the headphone maker and music streaming operator founded by music producer Jimmy Iovine and the hip-hop star Dr. Dre. The deal could be announced as early as next week, people familiar with the negotiations said, but they cautioned that some details had yet to be agreed upon and talks could still fall apart. GigaOM While Beats Electronics is best known for its premium headphones, it launched a streaming music service, Beats Music, in January. According to the report, the streaming service would be included in the deal. Apple runs its own streaming music service, iTunes Radio. NYT / DealBook For Apple, whose revenue growth has slowed sharply in the last few years, the deal could point to a headlong move into the frontier of streaming music. iTunes Radio has been slow to enter the streaming world. At over $3 billion, the Beats acquisition would be a major departure for Apple, which under Steve Jobs favored smaller deals. CNET Beats Music debuted with a powerful billing and marketing partnership with AT&T and it has reportedly been growing quickly. Although the company has yet to disclose hard and fast subscriber numbers, industry estimates peg the total at about 200,000. The talks come as trends in music purchasing are shifting to subscription services. Data from the Recording Industry Association of America found that paid subscription services grew the fastest of all digital formats last year, rising to 57 percent, while revenues from permanent digital downloads that are iTunes’ specialty declined 1 percent. Mashable Apple has ramped up its pace of acquisitions in recent months. CEO Tim Cook has said in the past that he’s open to the idea of making 10-figure acquisitions. Apple stock was down by a little less than 0.5 percent in after-hours trading following the report.

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Morning Media Newsfeed: Netflix to Up Prices | NBC Evaluates Gregory | Slate Plus Launches

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Netflix Plans Price Raise as Streaming Subscribers Grow (Reuters)
Video streaming service Netflix Inc. said it intends to raise its subscription price for new customers by $1 or $2 a month to help the company buy more movies and TV shows and improve service for its 48 million global subscribers. WSJ Netflix said the price increase for the $7.99 a month service, the first since 2011, would help pay for its continued investment in original programs, including series such as House of Cards and Orange Is The New Black. Netflix has committed to spend billions of dollars in programming in the past few years as it has grown to become the biggest stand-alone subscription programming service in the U.S., passing some long-standing traditional TV outlets like HBO in terms of subscribers. Mashable Current subscribers would stay at the $7.99 price for a “generous time period,” the company wrote in a statement to investors. “Our current view is to do a one or two dollar increase, depending on the country, later this quarter for new members only,” the company wrote. The news came as Netflix announced that it added 4 million new members in the first quarter of 2014, as the company beat revenue and profit expectations. Variety In after-hours trading Monday, Netflix’s stock climbed as much as 7 percent to $372.05 per share, after closing up 0.8 percent for the day at $348.49. Netflix also said that in the second quarter of 2014, it will launch the first pay-TV integration of its service in the U.S. That’s after lining up deals with European providers including the U.K.’s Virgin Media to provide access to the unlimited streaming-video service through operator-supplied boxes. Deadline New York The company generated $53.1 million in net income in the first quarter of 2014, up from $2.7 million in the same period in 2013, on revenues of $1.27 billion, up 24 percent.

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