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Posts Tagged ‘Daily News’

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: 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: Coulson Gets 18 Months | SiriusXM Fires Opie & Anthony‘s Cumia

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Andy Coulson Gets 18 Months in Tabloid Phone Hacking (NYT)
Andy Coulson, a former senior editor in Rupert Murdoch’s news empire and a onetime adviser to Prime Minister David Cameron, was sentenced on Friday to 18 months in prison for his part in the phone hacking scandal that convulsed Britain’s press, police and political elite and inspired calls for tighter regulation of journalists. HuffPost / AP Coulson was convicted June 24 after an eight-month trial triggered by a tabloid-wrongdoing scandal that led Murdoch to shut down the News of The World in 2011. Another former editor, Rebekah Brooks, and four others were acquitted. The Guardian The offense carries a maximum sentence of two years’ imprisonment, but Coulson received a discount of several months for his previous good character. He could be out in less than nine months because, as a non-violent offender, he is required to serve just half his sentence. THR Three other former News of the World staffers and one private investigator who hacked phones for the paper also pleaded guilty to hacking and also received their sentences Friday. They are former news desk editors Greg Miskiw, James Weatherup and Neville Thurlbeck, as well as Glenn Mulcaire, a private investigator who was used for hacking. Miskiw and Thurlbeck were sentenced to six months each, Weatherup got a suspended sentence of four months, and Mulcaire was given a suspended sentence of six months. Variety Coulson faces a retrial along with former royals editor Clive Goodman on separate charges that they made illegal payments to police officers to obtain royal phone directories. Over a period of more than a decade, journalists at the now-shuttered Sunday paper listened in on thousands of voicemails belonging to celebrities, politicians and crime victims.

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Morning Media Newsfeed: ABC News Expands to Apple TV | AT&T, DirecTV Sell Merger

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ABC News on Apple TV ‘for Everyone’ (LostRemote)
As of 10 a.m. ET Tuesday morning, ABC News is officially available on Apple TV. TVNewser The new ABC offering features a 24/7 livestream made up of news events and anchored reports, a wide variety of video-on-demand-clips, local content from various ABC News affiliates, content from ABC’s 50-year-old archives, and more. The ABC News Apple TV product also offers an extension of ABC News’ broadcast coverage. TVSpy It also offers a local news section, which showcases top video-on-demand clips from some of the country’s biggest markets. At launch, content from eight ABC-owned stations — including WABC in New York, KABC in Los Angeles, WLS in Chicago, WPVI in Philadelphia, KGO in San Francisco, KTRK in Houston, WTVD in Raleigh and KFSN in Fresno — can be found under the “Local” tab. Variety ABC lacks a cable news channel, unlike broadcast peers Fox and NBC. Now, through Apple TV, ABC News has a 24-hour over-the-top network of sorts available on big-screen TVs. CBS, meanwhile, which also doesn’t have a cable news net, has been exploring a similar digital news service for several years. Capital New York Even when there isn’t live rolling coverage, the app will continue to be updated with segments from ABC News programming, as well as live video feeds from events like speeches or a shot of Earth from the International Space Station. On Apple TV, there are already apps for Bloomberg, The Wall Street Journal and Sky News, among others, but ABC marks the biggest bet by far from a U.S. TV news outlet, at least in terms of live coverage and original content. Other channels, like CNN and Fox News, are available for streaming online, but they require viewers “authenticate” that they are pay-TV subscribers. The ABC News app will not require authentication, making it free for everyone.

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Morning Media Newsfeed: Daily News Layoffs | News Corp. Soars | AOL Revenue Up


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Pink Slips For A Dozen-Plus Daily News Staffers (Capital New York)
The New York Daily News is now undergoing what employees of the tabloid have been fearing for weeks: Multiple insiders tell Capital that layoffs hit the newsroom Wednesday. FishbowlNY Two veterans of the paper — Albor Ruiz and Joanna Molloy — were among those let go. Ruiz had been with the Daily News for 19 years; Molloy for 15. Other names in the bunch include Christina Boyle and Robert Gearty, both reporters. NY Observer Rumors have been circulating for some time that a round of pink slips was imminent at the Daily News. Although this is the most significant number of layoffs since editor-in-chief Colin Myler took over in November 2011, there has been a slow trickle of departures over the past months. Features editor John Oswald left in March and features reporter Jacob Osterhout vented his rage in a goodbye email after he was let go earlier this spring. Read more

Kobe Bryant Joins Twitter Again

 

Well, well, well.

Look who decided to rejoin Twitter finally.

Los Angeles Lakers guard Kobe Bryant has finally caved in and joined the social media platform again. A source close to Bryant confirmed to Mark Medina of the Daily News that the account was legit and No. 24 was the man behind it.

Medina also points out that Bryant was on the ropes about returning to Twitter as recently as last week:

“Maybe,” Bryant said on Dec. 30. “The one thing about me is when I’m doing it, I enjoy doing it myself and putting the time into it. I don’t know if I have the time available to give the fans the attention they deserve.”

Bryant’s first time on Twitter was in September 2011 before suspending his account shortly thereafter.

Max and Marcellus Moving to Drive Time

ESPN 710AM  is reshuffling their radio lineup starting next week when the Max and Marcellus show moves to the drive time slot of 3-7 p.m. and Mason and Ireland moves to noon-3 p.m.

Hosted by Max Kellerman and Marcellus WileyMax and Marcellus is moving to a later time slot in order to accommodate Wiley’s new job as co-host of ESPN’s SportsNation next year, according to Tom Hoffarth of the Daily News. The show is making the move to Los Angeles from ESPN’s headquarters in Bristol, Conn. Wiley will replace Colin Cowherd, who is leaving the show on Dec. 31.

To fill the morning void, Mark Willard will get his own show from 10 a.m.-noon.

Tom Kelly Named SVP of Los Angeles News Group

The Los Angeles News Group has named Tom Kelly senior vice president and chief revenue officer.

Kelly will be responsible for the advertising revenue operations of all nine newspapers owned by LANG, including the Daily News, Daily Breeze, and Long Beach Press-Telegram.

“Tom Kelly has a keen understanding of the Southern California advertising community as well as the competitive landscape,” LANG President Jack Klunder told Muhammed El-Hasan of the Daily Breeze via email. “He will attract new talent to our organization to drive digital and print advertising growth over the next several years. He is a strategic thinker and problem solver with a flair for creative advertising solutions for our clients.”

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Tom Hoffarth Ranks His Best and Worst TV Anchors

It’s that time of the year when local sports personalities cringe as Daily News columnist Tom Hoffarth rolls out his annual “Best and Worst of the L.A. Sports Media.”

First up, the Top 10 anchors/reporters:

1. Curt Sandoval, KABC Channel 7 reporter/anchor

2. Jim Hill, KCBS Channel 2/KCAL Channel 9 anchor/reporter

3. Fred Roggin, KNBC Channel 4 anchor

4. Patrick O’Neal, FSW/Prime Ticket reporter/host

5. John Ireland, KCAL Channel 9/KCBS Channel 2 reporter/anchor

6. Gary Miller, KCAL Channel 9 anchor/reporter/ studio host

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Daily News Executive Editor Expands Duties

In a true sign of the times for the newspaper industry, Daily News executive editor Carolina Garcia has expanded her management duties to include the Daily Breeze and the Press-Telegram.

Publisher Jack Klunder, who oversees the same three MediaNews publications, made the announcement earlier in the week.

Garcia replaces Daily Breeze editor Toni Sciacqua, who is now the digital managing editor for the metro group of MediaNews’ Los Angeles Newspaper Group. Press-Telegram editor and general manager Sue Schmitt decided to leave the company.

“I’m really looking forward to getting an opportunity to know the community, the newspaper and the staff,” Garcia told Daily Breeze reporter Larry Altman.

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