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Posts Tagged ‘CNBC’

Morning Media Newsfeed: Leno Set to Launch CNBC Show | NBC Courted Stewart for MTP

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Jay Leno Nears Deal to Launch CNBC Show (THR / The Live Feed)
Jay Leno is lining up his first regular television hosting gig since leaving The Tonight Show in February, and he’s staying in the NBCUniversal family. TVNewser Leno’s new show would air on CNBC in primetime and focus on his longtime love of cars. WSJ / CMO Today A CNBC spokesperson declined to comment. Both NBC and CNBC are units of Comcast Corp. Since he stepped down from The Tonight Show, he has continued to work as a stand-up comic. He is known for his love of automobiles and has a large collection of rare and classic cars. NYT No other details have been released pending completion of the contract, though the executives confirmed the show would not be comedy-based. Leno has been a regular presence on NBC.com with a motor-vehicle-obsessed show called Jay Leno’s Garage. Deadline Hollywood The news comes as the cable business network comes off its lowest-rated quarter of the year in primetime and the lowest-rated quarter in its history in the demo for the business day, 9 a.m.-5 p.m. CNBC has been looking to broaden its primetime slate with reality TV formats. To date, its most successful such bid has been its reruns of ABC’s Mark Burnett-produced Shark Tank.

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Former CNBC Reporter Mines Mercantile Exchange Days for Debut Novel

DangerousTradesCoverIt’s been a while since Jeff Leshay earned his living as a journalist. But the newsroom and field notes he took in the 1990s, prior to easing into PR, proved invaluable for the writing of his first novel.

From an interview feature by Sun-Times Media columnist Jackie Pilossoph:

“I think it makes sense — write about what you know, as the saying goes,” said Alec Sirken, who worked with Leshay at CNBC and is now a producer for CBS News in New York. “Jeff certainly knows about the oil industry. He’d always talk about the characters he met who worked in the industry, so it’s not surprising that he remembered some of the tales and embellished them in a novel.”

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Morning Media Newsfeed: Amazon Adds McGrath to Board | Gifford Pens Today Musical

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Amazon Adds Former MTV CEO Judy McGrath to Board (Re/code)
As Amazon continues its push into becoming a big creator of online TV shows, it’s adding some serious media expertise to its board. The company said on Friday that it had elected longtime former MTV CEO Judy McGrath to its board of directors, effective Oct. 1. Deadline Hollywood As an incentive to stay, she received rights to 2,520 shares convertible at a rate of 840 a year over three years beginning August 2015. Variety Since June 2013, McGrath has been president of Astronauts Wanted: No Experience Necessary, a digital-content joint venture between McGrath and Sony Music Entertainment. She had run Viacom’s MTV Networks from July 2004 until May 2011, and had been part of the startup team that launched the music cabler in 1981. THR McGrath was also appointed to the Leadership Development And Compensation Committee at Amazon, according to a Friday SEC filing. On Friday, Amazon’s shares were trading at $308 each. Amazon launched a streaming music service called Prime Music earlier this year, and it said a week ago it will be spending $100 million on original content this quarter to beef up its Prime Instant Video Service, which competes with Netflix, Hulu and other streaming video services. Forbes The appointment makes McGrath the third woman out of 10 current directors to sit alongside CEO and chairman Jeff Bezos, joining Patricia Stonesifer, CEO of non-profit Martha’s Table, and Jamie Gorelick, former deputy U.S. Attorney General.

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Morning Media Newsfeed: NYT Profit Plummets | Twitter Beats Street, Stock Soars

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NYT Profits Plummet 21 Percent (FishbowlNY)
As usual, the New York Times’ earnings report features both good and bad news. While the Times’ digital subscriptions continued to grow, the lack of print ad dollars weighed the paper down. HuffPost / AP The New York Times Co. on Tuesday reported earnings that declined by 54 percent in its second quarter, and missed analysts’ expectations. The New York-based company said net income declined to $9.2 million, or 6 cents per share, from $20.1 million, or 13 cents per share, in the same quarter a year earlier. Financial Times Adjusted operating profit, which strips out some one-time items including retirement costs and depreciation, fell 21 percent to $55.7 million. A fall in advertising sales and stepped-up investment in digital products sapped second-quarter profit at the Times as the publisher forecast flat circulation revenue and further declines in advertising in the coming months. Poynter / MediaWire The Times added 32,000 digital subscribers in the second quarter of 2014. The number was driven by its new products — the NYT Now and NYT Opinion apps and the new Times Premier subscription tier. Paid digital-only subscribers now total 831,000, the company said. Revenue from those subscriptions jumped 13.5 percent, to $41.7 million, from the same period a year ago. Total circulation revenue increased 1.4 percent. Mashable During the quarter, the company’s flagship newspaper fired top editor Jill Abramson and replaced her with former managing editor Dean Baquet. A Times spokesperson said at the time that Arthur Sulzberger Jr., publisher of the Times and chairman of The New York Times Company, was spurred by a desire to change how the newsroom was managed.

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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 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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Morning Media Newsfeed: Risen Appeal Rejected | Top Social TV Shows

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Supreme Court Will Not Review Risen Case (The Guardian)
The U.S. Supreme Court on Monday declined to review a lower court’s order requiring a New York Times reporter to testify in a criminal case against a former source, deepening the court’s silence on the question of protections for journalists and confidential sources. FishbowlDC The issue dates back to a May 2011 subpoena received by James Risen to identify a source for his 2006 book State of War: The Secret History of The CIA and the Bush Administration. NYT The court’s one-line order gave no reasons but effectively sided with the government in a confrontation between what prosecutors said was an imperative to secure evidence in a national security prosecution and what journalists said was an intolerable infringement of press freedom. NPR / The Two-Way Risen has said he would refuse to testify in order to protect the identity of his source. Federal prosecutors argued that they need him to testify to pursue their criminal case against Jeffrey Sterling, a former CIA officer. WSJ A divided U.S. appeals court based in Richmond, Va., sided with the government last year, ruling that Risen didn’t have a reporter’s privilege allowing him to refuse to testify about the source and scope of classified information allegedly disclosed to him. The court said there is no privilege in criminal cases that protects a reporter from testifying about conduct the reporter allegedly witnessed or participated in. USA Today Since Obama took office, federal authorities have filed at least seven leak-related criminal cases, including against former National Security Agency contractor Edward Snowden for leaks about government surveillance programs and Army Pfc. Bradley Manning for giving classified information to the website Wikileaks.

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Morning Media Newsfeed: Walters Signs Off | Abramson/NYT Fight Unfolds | FCC Approves Proposal

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Two Dozen Women of TV News, Barbara Walters’ Legacy, Join Her on Her Final View (TVNewser)
Thursday afternoon, the legacy of Barbara Walters came to life in the finale of her final The View, taped at ABC’s Westside studios and set to air Friday. Mediaite All 11 current and former co-hosts of The View turned up to send off Walters. In an emotional segment, the hosts shared their fondest memories of the program’s founding member and some of the advice that they said guides them in their present careers. THR / The Live Feed Oprah Winfrey and Hillary Clinton were among the surprise guests who showed up to say goodbye. After more than 50 years in TV news, Walters is officially retiring, leaving her co-hosting gig on The View, but she’ll continue to serve as the show’s executive producer and contribute to ABC News on an as-needed basis. The Associated Press Walters brought the hour to a close with a heartfelt statement looking back with amazement on her career, then signing off with a pledge to “take a deep breath and enjoy my View.” But a more telling moment took place during a break, as the throng of women she had paved the way for posed with her for a group portrait. TheWrap The cadre of A-List media stars who gathered for the photo included Winfrey, Katie Couric, Joan Lunden, Robin Roberts, Connie Chung, Gayle King, Maria Shriver, Paula Zahn, Jane Pauley, Savannah Guthrie, Elizabeth Vargas, Lara Spencer, Tamron Hall, Diane Sawyer, Cynthia McFadden, Natalie Morales, JuJu Chang, Amy Robach, Deborah Norville and Hoda Kotb, as well as Walters’ co-hosts, Whoopi Goldberg, Joy Behar, Rosie O’Donnell, Elisabeth Hasselbeck, Debbie Matenopoulos, Lisa Ling, Star Jones, Jenny McCarthy and Meredith Vieira.

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Morning Media Newsfeed: Comcast Pleads Case | DirecTV Restores TWC | Breitbart Loses Whip

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As Comcast Takes Next Step in TWC Merger, Opposition Groups Band Together (TVNewser)
Comcast took the next step in its $45 billion acquisition of Time Warner Cable Tuesday morning by filing a joint Applications and Public Interest Statement with the FCC. In a blog post about the filing, Comcast EVP David Cohen argued that the deal is good for consumers, especially current TWC customers. Those opposed to the deal, understandably, don’t think so. Fifty groups sent a letter to the attorney general and FCC chairman Tuesday asking that the deal be blocked. Capital New York The 650-page document filed with the FCC outlines the reasons Comcast believes the proposed merger with TWC would be in the public interest. Much of the document spelled out in granular detail arguments made by Comcast in its original announcement of the proposed deal, but there are some notable new takes. Comcast now sees itself as a tech company, in competition with Google, Facebook and Netflix just as much as traditional competitors like DirecTV and Verizon. Comcast argues that it doesn’t compete with TWC, as they do not operate in the same areas. Variety Critics have claimed the Comcast-TWC merger, which would create an entity that controls 30 percent of the country’s pay-TV market, is decidedly not in the public interest because it would result in fewer choices and higher prices for consumers. Moreover, the combination “could compromise the open nature of the Internet,” Sen. Al Franken told Justice Department officials last month. CNET Last week, Comcast filed a Hart-Scott-Rodino notification with the U.S. Department of Justice, which will begin the antitrust review of the merger. And on Wednesday, Cohen will testify about the merger before the U.S. Senate Judiciary Committee. Now that the official filing has been made in the merger, which was announced in February, the FCC will have a self-imposed deadline of 180 days to review and make its decision. USA Today Facing a growing number of customers flocking to streaming video and content providers demanding more payment for programs, TWC agreed in February to be bought by Comcast for $45 billion. The acquisition would give Comcast access to key media markets that it has coveted, including New York and Los Angeles, and occupy about 40 percent of the Internet service market, or about 32 million customers.

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Another Year, Another Staged China Prime Minister Press Conference

NTYSinosphereLogoEvery March in the Great Hall of the People near Tiananmen Square in Beijing, a live-TV press conference with the Prime Minister of China caps an annual conference known as the National People’s Congress. And as New York Times Beijing bureau reporter Andrew Jacobs notes, every year it’s the same bogus drill:

But unbeknownst to many people in China, all the questions had been vetted in advance, with foreign reporters and Foreign Ministry officials having negotiated over what topics were permissible, and then how the acceptable questions would be phrased.

This year CNN, Reuters, CNBC, The Associated Press and the Financial Times were among the outlets permitted to ask questions. Most of those who covered the event agreed it was a lackluster affair, without even a nugget of bona fide news.

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