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Posts Tagged ‘Emily Steel’

Morning Media Newsfeed: AT&T to Acquire DirecTV | NYT Publisher Speaks | CNN Fires Editor

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AT&T to Buy DirecTV for $48.5 Billion (NYT / DealBook)
AT&T formally agreed on Sunday to buy DirecTV for about $48.5 billion, striking another transaction meant to overhaul the American telecommunications landscape. CNNMoney The boards of the two companies met on Sunday to approve the plan. “This is a unique opportunity that will redefine the video entertainment industry and create a company able to offer new bundles and deliver content to consumers across multiple screens — mobile devices, TVs, laptops, cars and even airplanes,” said Randall Stephenson, the chief executive of AT&T, in a statement. WSJ Just months ago, Comcast Corp. announced a $45 billion agreement to buy Time Warner Cable, a combination that would serve close to 30 million video subscribers, after proposed divestitures. Meanwhile, Sprint Corp. continues to work on a bid for smaller rival T-Mobile US Inc., people familiar with the matter say. The deal for DirecTV gives AT&T almost 26 million pay TV subscribers and a national footprint in the business at a time when the telecom carrier sees video delivery as core to its future. The Associated Press Dallas-based AT&T’s proposed combination could improve its Internet service by pushing its existing U-verse TV subscribers into video over satellite service, and thereby free up bandwidth on its telecommunications network. AT&T currently offers a high-speed Internet plan in a bundle with DirecTV television service. The acquisition would help it further reap the benefits of that alliance. DirecTV would continue to be based in El Segundo, Calif., following the merger. The companies expect the deal to close within 12 months following a government review.

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Emily Steel Headed to the New York Times

EmilySteelTwitterProfilePicIf you’re the New York Times, how do you hope to fight against a week of historically bad PR? Well, one way certainly is to herald – heading into the weekend – the imminent newsroom arrival of another talented woman.

Here’s today’s memo confirming that Emily Steel, in the wake of Brian Stelter‘s flight to CNN, will be moving over from the Financial Times to join the paper’s media desk:

The cheers you’re now hearing around the newsroom are from our colleagues who once worked with Emily at the Wall Street Journal and Financial Times. They had urged us to hire Emily, and having competed against her, it didn’t take much convincing.

Emily spent six years at the Journal and the last two at the FT as its media and marketing correspondent. At the Journal, she contributed several stories to the paper’s Pulitzer-finalist “End of Privacy” series about the pervasive tracking of Americans online, including her high-impact piece about privacy breaches at Facebook. Her media reporting at the FT has been topnotch, including her recent coverage of the proposed Comcast-Time Warner Cable merger.

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Charles Townsend on Steering the Condé Nast Ship

CharlesTownsendThumbEmily Steel, who covers the marketing and media beats for the Financial Times, recently had the opportunity to sit down with 69-year-old Condé Nast chief executive officer Charles Townsend. The resulting feature is perfect MLK Monday holiday reading.

Townsend, a past commodore of the New York Yacht Club who named his own vessel Current Issue, sounds like he’s describing some very bad sailing weather when he talked to Steel about the past few years at the Condé Nast helm (he came on board in 2004). Challenges come “from every direction” and the horizon is “so different now.”

Townsend tells Steel that he loves it when creative director Anna Wintour previews upcoming issues with him. He also notes that the publishing company was a little late to the Internet party:

Townsend admits that it has taken a long time for Condé Nast to develop the right attitude towards the Web. “We did it the hard way,” he says. “We learnt with black eyes and bloody noses.”

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Who Will Buy the Boston Globe?

For east coast media watchers, that’s a big question today, the deadline for getting a bid in to the Boston Globe‘s NYT parent company.

Emily Steel, U.S. media and marketing correspondent for the Financial Times, shared a definitive rundown Wednesday of today’s likely bidders. Today, it’s the turn of Stacey Vanek Smith, a senior reporter for Marketplace Morning Report:

Bids for the Globe are expected to be in the $100 million range. The New York Times company paid more than a billion dollars for the publication 10 years ago.

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2012 Mirror Awards Finalists Announced

The S.I. Newhouse School of Public Communications has unveiled the 2102 Mirror Awards finalists. Winners will be announced June 13, at an event hosted by Anderson Cooper.

Below is the complete list of finalists.

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Bloomberg News, Others, Take Home Multiple Loeb Awards

Bloomberg News, The New York Times and The Wall Street Journal each won multiple Gerald Loeb Awards, which recognize excellence in business journalism. Matthew Winkler, Bloomberg News’ Editor-in-Chief, said of grabbing multiple wins, “As there is no greater measure of respect than to be honored by our peers, we are grateful to be recognized with seven Loeb finalists and three Loeb winners, all of them advancing the public interest.”

The awards were presented last night. Below are the winners, congrats to all.

Bloomberg News:

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Shrinking Fashion Mags Will Hopefully Drive Publishers To Focus On The Web

vogue sept.jpgThe Wall Street Journal‘s Emily Steel has a story today about thin September fashion magazines and dwindling revenue from fashion marketers.

The sad truth is, this year’s September fashion books are paltry shadows of what once were the biggest, fattest magazines of the year. But, are fashion marketers diverting funds once pumped into glossy, full-page ads into online advertising options? Not exactly, although marketers like Louis Vuitton North America and Diane von Furstenberg had upped their online ad spending, Steel said.

“It doesn’t amount to much yet, but it represents one of the few slices of the industry’s marketing budget that are expanding.”

Magazines need ad revenues to survive. And marketers will hopefully still go to magazines to advertise, even if they’re buying Web ads, as long as the pubs can promise a consistent audience. This means that publishers and editors will have to work to keep improving their Web sites to draw readers with fresh content and innovative ideas.

We’ve seen a few Web site relaunches in the past year, but we imagine there will be more as magazine publishers start to understand the importance of the Web as as source of revenue and exposure. Magazines will be able to survive in print form if their leaders can think beyond the business model where print ads are king. It’s about time.

Thick Fashion Magazines Are So Last Year Wall Street Journal

LA Times Scorecard and Why O’Shea Was Dropped

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Emily Steel, in the Wall Street Journal, covers why LA Times publisher David Hiller and newly-axed editor Jim O’Shea couldn’t agree:

It seemed to Mr. Hiller that Mr. O’Shea was “unable to make the hard choices” by asking that the newsroom budget increase to about $123 million from $120 million. “They were proposing an increase in a year when, like all newspapers, revenue was down dramatically,” the publisher said in an interview yesterday. “The idea that a newsroom budget would be increased was regrettably totally unrealistic.”

And then there’s O’Shea’s memo.

According to the Dec. Scorecard for the paper, the decline in advertising and circulation revenue continued. Online was healthier, though, with page views totaled 75.1 million, down 2.8 millions from
November. Page views to prior year were up by 18%. Unique visitors
increased by 21%, of which local unique visitors were up by 35%.

The online edition got 50 new staffers, with another 50 hired elsewhere. 130 left the paper, and the staff is now around 800.

Top stories below—

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