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Posts Tagged ‘Forbes.com’

Morning Media Newsfeed: Redbox Ends Streaming Service | Mukpo Returns to U.S.

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Redbox Ending Instant Streaming Service (THR)
Streaming video service Redbox Instant, a joint operation between Verizon Communications and Outerwall’s Redbox, is shutting down. Deadline Hollywood The statement announcing the shutdown read, “Thank you for being a part of Redbox Instant by Verizon. Please be aware that the service will be shut down on Tuesday, Oct. 7, 2014, at 11:59 p.m. Pacific Time. Information on applicable refunds will be emailed to current customers and posted on Oct. 10. In the meantime, you may continue to stream movies and use your Redbox kiosk credits until Tuesday, Oct. 7 at 11:59 p.m. Pacific Time. We apologize for any inconvenience and we thank you for the opportunity to entertain you. Sincerely, The Redbox Instant by Verizon Team.” Variety Outerwall (then called Coinstar) and Verizon formed Redbox Instant by Verizon in February 2012, with Verizon owning 65 percent of the joint venture. The companies debuted the service in March 2013. Under the most recent subscription plan, the $6 monthly service provided access to 6,000 movies across different devices, as well as rentals and purchases of select titles. GigaOM The shutdown comes after the service had disabled new sign-ups for three months due to a credit card fraud issue, which not only prevented Redbox Instant from acquiring new customers, but also resulted in existing customers with expiring or revoked credit cards being booted from the service because they weren’t able to add any new payment information. Redbox Instant’s catalog was also significantly smaller than Netflix’s or even the Amazon Prime Instant streaming video catalog, and the service never really gained traction with consumers, leading the CEO of Outerwall to remark that both his company and Verizon were “not pleased” with the subscriber numbers. In that context, the credit card fraud issue may have just have been the final straw. Re/code But Verizon is not done playing around with video services. Earlier this year the company bought Intel’s never-launched Web TV business, and while it doesn’t look like it’s going to try launching that one itself, it is planning some sort of video service that it plans on delivering via phones and other mobile devices. Recently Verizon announced it had secured programming rights from Viacom, and promised to say more soon. Meanwhile both Sony and Dish Network say they plan on launching their own Web TV services this year; Sony has also announced a Viacom deal, while Dish has signed up Disney/ESPN, A&E and Scripps.

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Morning Media Newsfeed: Polk Awards Announced | Interview Upsets Skiier | Forbes.com Hacked

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Journalists Who Broke NSA Story Receive George Polk Awards (The Guardian)
The three journalists who broke the National Security Agency revelations from Edward Snowden in The Guardian are among the recipients of the prestigious 2013 George Polk Awards in Journalism. Glenn Greenwald, Ewen MacAskill and Laura Poitras will receive the award for national security reporting, along with Barton Gellman of The Washington Post. Janine Gibson, Guardian U.S. editor-in-chief, said: “We’re honored by the recognition from the Polk awards and delighted for Ewen, Glenn, Laura, Barton and their colleagues that their work has been recognized. NYT In all, 30 reporters representing 15 news organizations were recognized in 13 categories. Reporters from The New York Times won three of the awards, as did reporters from the Post. “In the tradition of George Polk, many of the journalists we have recognized did more than report news,” said John Darnton, the curator of the Polk Awards, referring to the CBS News correspondent who was killed while covering the civil war in Greece in 1948. FoxNews.com The award for political reporting will go to Rosalind Helderman, Laura Vozzella and Carol Leonnig of the Post for reporting on the relationship between former Virginia Gov. Bob McDonnell and a wealthy entrepreneur. Their stories spurred a federal investigation that resulted in a 14-count indictment of McDonnell and his wife, Maureen. Politico / AP Columnist, author and editor Pete Hamill will be honored with the George Polk Career Award, which is named in memory of Professor Robert D. Spector, chair of the George Polk Awards for 32 years until his death in 2009.

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A New Direction For Forbes?

forbescover.jpgNow that the latest round of brutal layoffs is under way at the publication known as the Capitalist Tool, word on the street is that Forbes is looking to take its content in a new direction.

This week’s cuts — which were said to affect as many as 100 employees company wide — are just the latest in a series of changes Forbes has made in the past year. Last November, the company shuttered ForbesAuto.com, laying off its employees. A sister site, ForbesTraveler.com, remained open — until this week. We’re told that site has now been shut down as well, with its content being woven into Forbes.com.

Another round of layoffs hit the company in January, as Forbes prepared to merge its print and online editorial operations. Comparing lists of names of those cut then compared to this week, however, it became obvious that there was a shift in the weather. And speaking with some of those employees who got the boot yesterday, we knew we were on to something.

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Breaking: More Layoffs Hit Forbes

forbescover.jpgThere have been rumors for the past few weeks that Forbes would be cutting more staff sometime soon, and it looks like the time has finally come.

We just learned that a memo went out to staff this afternoon from Steve Forbes explaining the situation:

“We — and the entire media world — have been hit hard by both the severe recession and the seismic shifts wrought by the Web. Given these dramatic events, further layoffs, unfortunately, are necessary across the entire organization…While these are acutely challenging times, Forbes Media is making the strategic and organizational changes that will enable us not only to weather these storms, but ultimately to emerge as a stronger company, well-positioned to expand and prosper in the years ahead.”

Although the layoffs are promised to come from “across the entire organization” reporters from Forbes magazine and Forbes.com might have a glimmer of hope: BusinessInsider.com is hiring.

Update: We’ve heard that layoffs haven’t started yet, but it looks like the top level managers may already know who they have to cut and the bloodletting might start tomorrow.

Know anything? Send us an email.

Forbes’ full memo, after the jump

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Daily News‘ Zuckerman Vies For BusinessWeek|NYT Looks To Chicago|Three Reality Stars Get Their Own Shows|Forbes.com’s New Chief|Stacked Up

BusinessWeek: New York Daily News owner Mort Zuckerman has made a bid for BusinessWeek.

The New York Times: The New York Times plans local editions for Chicago and other markets, in addition to a recently announced San Francisco edition.

Variety: Three reality show starsBethenny Frankel from “Real Housewives of New York,” “Project Runway” winner Christian Siriano and Fabio Viviani from “Top Chef” — have been offered their own shows on Bravo.

Folio: Forbes.com has named a new president, Mike Smith.

Video: Former Glamour editor and author Laurie Sandell reveals what’s on her bookshelves as the first subject in this new Web video series Stacked Up.

Paying Tribute To Safire

safire.jpgSince his death yesterday, William Safire‘s colleagues have been offering tribute. Here’s a few of our favorites:

Former New York Times columnist Leslie H. Gelb writes on Forbes.com about advice Safire offered him on column writing many years ago:

“Half the columns you write will be no better than C+. Write them and go home…And make sure that at least twice a year you make somebody bleed in your column.”

In its obituary, The Washington Post called the former Nixon speech writer “rapier-witted”:

“His catchy turns of phrase often outlived the context in which they were delivered. Perhaps the most memorable was the acidic and alliterative putdown he crafted for Vice President Spiro T. Agnew to describe those in the press who opposed the Vietnam war. They were, Agnew said, ‘nattering nabobs of negativism.’”

In its short and sweet tribute, The Wall Street Journal lauded Safire for as a conservative and a wordsmith:

“Unlike many columnists, Safire did not soar at 35,000 feet bemoaning what fools these mortals be. He did his own reporting, digging up stories and anecdotes that embarrassed politicians who deserved to be embarrassed. He was a master of his craft, a student of the English language who loved the playful use of words.”

But no one can be quite as eloquent as the man himself, who is best paid tribute to through his own work, like this tongue-in-cheek column from 2005, reprinted by the Times today, that instructs readers who to digest a political column with 12 simple rules. Like number 10:

“Resist swaydo-intellectual writing. Only the hifalutin trap themselves into ‘whomever’ and only the tort bar uses the Latin for ‘who benefits?’ Columnists who show off should surely shove off. (And avoid all asinine alliteration.)”

Earlier: William Safire, NYT Columnist, Dies At 79

(Photo by Fred R. Conrad)

AP Publishes Notes On Polanski Arrest

polanski.jpgYesterday, when news broke that film director Roman Polanski had been arrested in Switzerland after decades on the lam, the Associated Press‘ report on the matter was a headline and then a few lines of reporters’ and editors’ notes:

Swiss arrest Polanski on US request in sex case

Associated Press, 09.27.09, 10:41 AM EDT

OK, can you do some more probing? New York will want to know

frank’s out today.

i checked already, and so did zurich. they say the question is irrelevant. he answered me with the quote i used, about we knew when he was coming this time. he’s been here many times in the past, we think.

thx brad. aptn is aware, but unfortunately won’t make it in time, but is hoping to catch tail end.

i’m pushing out another writethru with some more background details before press conference.

no surprise, new york is really hot on this.

they particularly want to know why now. (has he never set foot in switzerland before?) sheila, theorizes that’s because they’re under intense pressure over ubs and want to throw the U.S. a bone, but can yo ucheck with justice department sources there?

is frank around too, or are you alone?

u can tell aptn press conf 1700 (15 gmt) in bern at the parliament

i’ll watch it live on internet

As The Business Insider noted, other news sites took the story down, but this link on Forbes.com still directed readers to the story as recently as an hour ago. An AP spokesman told us human error and technical issues caused the internal communication to be published yesterday, and noted it has since been taken down from the Forbes.com site.

But the AP’s mistake reveals the many questions that Polanski’s arrest has raised for journalists and legal experts. And what is this possible UBS connection?

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Brown’s Tome Hits Stands|Wasserstein Pulls Out Of BusinessWeek Bidding|Forbes.com Tries Palm Pre App|WSJ Ready To Charge For Mobile Content|”Regis & Kelly” Producer Gelman Dishes

GalleyCat: Dan Brown‘s long-awaited novel, The Lost Symbol hit bookstores today.

BusinessWeek: New York magazine owner Bruce Wasserstein has dropped out of the running to buy BusinessWeek.

Min Online: Forbes.com launched an app for the Palm Pre.

Paid Content: News Corp. CEO Rupert Murdoch told attendees at the Goldman Sachs Communacopia XVIII Conference that The Wall Street Journal will soon start to charge for mobile access on the Blackberry and iPhone.

Julie Menin’s Give and Take: A four-part interview with “Live with Regis and Kelly”‘s longtime producer Michael Gelman, once the youngest producer of any national talk show. In the first part (above) Gelman says he thinks Regis Philbin will never retire. “Being the host of our show is the closest thing to retirement you can have,” he said.

London Think Tank IPN Announces Journalism Prize Finalists

bastiat.jpgThe International Policy Network is a think tank based in London whose mission is promote free market solutions to our social ailments. Since 2002, IPN has been doling out the Bastiat Prize for Journalism and they’ve just announced this year’s finalists. And, for the first time this year, IPN had created a new category for online journalists.

The journalists up for the award this year all hail from print media, including Matthew Kaminski of The Wall Street Journal and The Economist‘s Robert Guest. There are three finalists up for the online award: Shikha Dalmia of the Reason Foundation, for her Forbes.com column, Daniel Hannan, U.K. Member of European Parliament and Rohan Samarajiva, for columns written on LankaBusinessOnline.

The award itself is named after Frédéric Bastiat who was, for those of you in need a refresher on 19th century French politics, a philosopher who used satire to explain complex economic principles to the masses. Former winners include former U.K. Prime Minister Margaret Thatcher and economist Milton Friedman. PJ O’Rourke, the conservative humorist and Rolling Stone writer, will bring the star power to this year’s awards dinner, which will take place on October 26 in New York.

Winners of the Bastiat Prize will receive $10,000 and winners on the online prize will get $3,000. Both winners will also be awarded a set of engraved crystal candlesticks, which is a reference to Bastiat’s famous satirical political essay, “A Petition,” IPN said.

A full list of the finalists after the jump

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Recessionwire Founder And Former Portfolio.com Lifestyle Editor Moves To Post

Another Portfolio vet has scored a sweet gig.

Sara Clemence, the former lifestyle editor of Portfolio.com and co-founder of Recessionwire.com, has been appointed deputy business editor at The New York Post.

According to her Recessionwire bio Clemence’s job at Portfolio.com disappeared in a round of layoffs at the magazine at the end of last year. She was moved over to Conde Nast publication, shelter magazine Domino, which folded the same day. Clemence then went on to found Recessionwire with another former Portfolio.com staffer Laura Rich and freelance writer Lynn Parramore.

Clemence formerly worked for Forbes.com, The Albany Times Union and The Anniston Star. After working for the past few years in online media, it will be interesting to see what changes Clemence will bring to bear at New York’s News Corp.-owned tabloid paper.

Related: Former Portfolio.com Staffer Lands TV Gig

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