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Posts Tagged ‘Chris Hughes’

Morning Media Newsfeed: Sony Demands News Orgs. Delete Data | Denby to Step Down

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Sony Pictures Demands News Agencies Delete ‘Stolen’ Data (NYT)
Sony Pictures Entertainment warned media outlets on Sunday against using the mountains of corporate data revealed by hackers who raided the studio’s computer systems in an attack that became public last month. THR Sony Pictures Entertainment lawyer David Boies sent a letter to news organizations Sunday, referring to leaked Sony documents as “stolen information” and demanded that the files be ignored, or destroyed if they had already been downloaded. “We are writing to ensure that you are aware that SPE does not consent to your possession, review, copying, dissemination, publication, uploading, downloading or making any use of the stolen information, and to request your cooperation in destroying the stolen information,” the letter reads. Variety The security breach and subsequent data dump has made public such internal financial documents as film budgets, earnings statements and emails from top Sony executives. It’s also resulted in a series of embarrassing revelations such as an email exchange between Sony Pictures Entertainment co-chair Amy Pascal and producer Scott Rudin in which the two made a series of racially charged jokes about President Barack Obama’s favorite movies. Both Rudin and Pascal have since apologized. Deadline The Sony information continues to be released in batches from unknown sources, including one Sunday in an email to news organizations that included a link to more information cached in online sites and promised an unspecified “Christmas gift” to come. Re/code A group claiming responsibility for the devastating hacking attack against Sony Pictures Entertainment on Sunday offered to selectively hold back on releasing email correspondence of its employees, provided that they write in and ask. The offer, apparently from the Guardians of Peace, a group that says it has carried out the attacks, marks a new twist in its ongoing campaign of embarrassing leaks of data stolen from the studio’s computers, now entering its third week.

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Chris Hughes Clarifies New Republic New York Plans

NewRepublic100YrsLogoThere’s damage control. And then there’s supreme damage control.

In the wake of all that New Republic business, owner Chris Hughes has been talking to “remaining staffers,” NPR’s David Folkenflik and Fusion’s Felix Salmon. Here’s what the media exec now being compared to The Newsroom‘s B.J. Novak character told Salmon about reports of TNR relocating to NYC:

Hughes rejects the idea that he’s moving the magazine to New York: The New Republic is still going to have politics at its core, he says, and as such the DC bureau isn’t going anywhere. But the fact remains that the owner, the CEO and the editor are all going to be based in New York — and anybody who’s ever worked at a publication with New York and DC offices knows what that means. There will be tensions and turf wars, the New Yorkers will win those battles and the DC crew will grow ever-larger chips on their shoulders.

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Morning Media Newsfeed: Crowley to Leave CNN | Mass Exodus at TNR, Issue Canned

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Candy Crowley Leaving CNN (TVNewser)
Candy Crowley, a 27-year CNN veteran, is leaving the network. The move was announced in an email from CNN Worldwide president Jeff Zucker. FishbowlDC Crowley’s career at CNN began in 1987 as a political correspondent, where she covered a handful of successful and unsuccessful presidential campaigns, including those of Pat Buchanan, George H.W. Bush, George W. Bush, Bill Clinton, Hillary Clinton, Barack Obama, Ronald Reagan and Mitt Romney, among others. In 2012, she became the first woman to moderate a presidential debate. THR Crowley currently serves as CNN’s chief political correspondent and anchor of its Sunday morning show State of The Union With Candy Crowley. Staffing has been relatively stable at CNN over the last year. Though the arrival of Zucker marked several departures, politicos James Carville and Mary Matalin among them, other changes have been gradual. Piers Morgan notably left after sinking ratings for his 9 p.m. telecast earlier in 2014. Capital New York Crowley, Zucker wrote, “has let us know that she has made the decision to move on… As difficult as it is for us to imagine CNN without Candy, we know that she comes to this decision thoughtfully, she has our full support,” the email said. The reason for Crowley’s departure was not made clear. Politico / Dylan Byers on Media Zucker did not mention who would replace Crowley on State of The Union. The network will be keeping the show, a spokesperson confirmed.

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Morning Media Newsfeed: Big Changes at TNR | CBS, Dish Deadline Passes Without Blackout

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Big Changes at The New Republic (FishbowlNY)
In this, the New Republic’s 100th year, a new direction. FishbowlDC Franklin Foer, editor of TNR, sent out a staff email Thursday announcing his resignation from the magazine. Capital New York Literary editor Leon Wieseltier is also out. Gabriel Snyder, a former editor of The Atlantic Wire and most recently a digital adviser at Bloomberg, has been tapped to succeed Foer, TNR chief executive Guy Vidra wrote in an email to staff. Furthermore, the magazine will be reducing its frequency from 20 to 10 issues a year, moving from Washington D.C. to an office in New York City’s Union Square and “making some changes to staff structure,” Vidra added. HuffPost Speculation had run rampant that Foer might leave the magazine, which he returned to edit in 2012 following its sale to Facebook co-founder Chris Hughes. Some staffers fear that Hughes and chief executive Vidra are too focused on increasing Web traffic, and that such a strategy could pull the magazine away from its legacy of narrative journalism and criticism. In his memo to staff Thursday, Foer acknowledged the competing plans for the magazine’s future. “Chris and Guy have significant plans for this place,” he wrote. “And their plans and my own vision for TNR meaningfully diverge.” Politico / Dylan Byers on Media Hughes bought TNR in 2012 at the age of 28 with ambitions of restoring its esteemed place in Washington media. Instead, TNR failed to hire marquee names, struggled to attract advertisers and failed to gain a prominent place in the conversation.

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Big Changes at The New Republic

In this, the D.C. publication’s 100th year, a new direction. Tweeted out just a few moments ago by NPR media correspondent David Folkenflik:

FolkenflickTNRTweet1

FolkenflickTNRTweet2

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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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Guy Vidra Named CEO of The New Republic

TNR logo GThe New Republic has named Guy Vidra its chief executive officer. Vidra most recently served as general manager of Yahoo News, a role he held since 2012. He previously served as WaPo’s head of business development and emerging media.

“One thing I’ve learned over the past two years is that to preserve and strengthen great institutions, you have to change them,” said Chris Hughes, TNR’s owner, in a statement. “Guy is a highly respected innovator with deep experience who will build on our recent progress in redefining The New Republic for a new time.”

In related news, TNR announced an investment division, The New RepublicFund. The investment arm will “back early-stage technology companies predominantly in the digital media, analytics, and video spaces,” according to TNR.

Vidra begins October 13.

The New Republic is Confused

The New Republic’s latest cover boldly states “Don’t Send your Kid to the Ivy League.” The accompanying piece has caused quite a stir, mainly because typically, going to Harvard or Princeton is what is known as a Good Thing. The stance is also interesting because — as Newsweek reported — over 50 percent of TNR’s editorial team has either an undergraduate or graduate degree from an Ivy League school.

Harvard leads the way, with 18 TNR editorial staffers (including owner and editor-in-chief, Chris Hughes) as alumni. Columbia comes in second place with 14 and Yale comes in third, with nine.

If having an Ivy League education is obviously helpful when applying for a job at TNR, wouldn’t that mean you should send your kids to one of those schools? After all, TNR is a great magazine. We imagine most writers looking for employment would be quite happy working there.

We’re confused. And so is TNR, apparently. You’d think all those Ivy Leaguers would have been able to figure this out.

Chris Hughes: Separation of Business and Editorial ‘Anachronistic’

Chris Hughes, the owner and editor-in-chief of The New Republic, thinks that he needs to oversee both advertising and editorial in order for the magazine to excel. In a talk with pandoDaily, Hughes said that the days of keeping those sides separate are over“I knew that in buying a content and media company, the idea that business sits over here and lets a newsroom do whatever it wants over there is anachronistic,” explained Hughes.

For many in the media world, that’s a controversial stance. And since Hughes doesn’t have much journalism experience (he did edit his high school paper!), it must be difficult for the TNR’s editors to trust him. However, Hughes does have plenty of business savvy, so maybe he’s doing the magazine a favor by controlling both sides.

Whatever ends up happening, you can count on The New York Times saying it was great.

The New York Times Hearts Chris Hughes

The New York Times is love struck. Today the paper ran yet another gushing piece about Chris Hughes (and his husband, Sean Eldridge), the co-founder of Facebook and editor and publisher of The New Republic. You can practically feel the Emoji hearts emanating from it.

This isn’t to say that we fault the Times. You cannot help who you love, love is blind, I’m here for the right reasons, etc. We just wish the Times would come out and admit its feelings, which would make it less awkward for the rest of us.

Haven’t noticed the Times’ constant mentioning of Hughes? Here are just a few examples.

Hughes’ beauty:

The fresh-faced and sandy-haired Mr. Hughes.

All aboard the dream boat! Next stop, Sexy Island!

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