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Posts Tagged ‘Forbes’

Forbes Media Buyer Might Come from Far East

The bids for Forbes Media — which has been up for sale since last November — are all in, and word is that the frontrunners are both from the far East. According to Bloomberg News, China’s Fosun International, which publishes Forbes China, and Singapore’s Spice Global Investments, a diversified company, are both leading the pack.

Other potential buyers include Joe Mansueto, the billionaire founder and CEO of investment research firm Morningstar, and Germany’s Axel Springer, which publishes Forbes Russia.

Forbes wants $400 million for the company, and at least one media analyst believes that if an international buyer pays that much, it would be well worth it.

“Forbes used to just be a magazine, now it’s a worldwide business brand,” Ken Doctor, from Outsell Inc., told Bloomberg News. “How many people in their twenties and thirties are in emerging business markets — Asia, Africa, Latin America? That’s my sense of the great growth potential of the Forbes brand.”

‘Dumb Starbucks’ Makes Venti Media Waves

DumbStarbucksLogoWhatever the nature of the bizarre coffee shop that opened Friday at 1802 Hillhurst Avenue in Los Angeles’ Los Feliz district, it’s brewing up – two days later – some very impressive east coast coverage. Following an initial report by LA public radio station KPCC, the “Dumb Starbucks” has today been written up at Gawker, Forbes and The Wall Street Journal. With no doubt more such coverage to come before the java-jig is up.

From Luke O’Neil‘s Gawker dispatch:

The odds are that this is some sort of dumb viral marketing stunt or other, and the fact that Dan Harmon of Community and Rainn Wilson were among some of the first to post about it on social media suggests a dumb TV show angle. Further casting suspicion are the dumb store’s dumb disclaimers on their dumb FAQ, where they qualify themselves as a work of parody art in order to circumvent the very, very likely trademark infringement suit they could be subject to.

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Didn’t Like That Sexist Super Bowl Ad? There’s an App for That

NotBuyingItAppRemember last year’s Super Bowl hashtag #NotBuyingIt? Per Clare O’Connor‘s Forbes item, it was borne out of some public resentment towards – mostly – a 2013 GoDaddy spot.

A year later, there’s a free iPhone 5/iPad/iPod App with the same name, designed to make it easier for viewers of Super Bowl XLVIII to call personal fouls on Madison Avenue:

“We’re calling out brands using offensive, genedered, hyper-sexualized images in their advertising,” said Imran Siddiquee of The Representation Project, the non-profit behind acclaimed Sundance documentary Miss Representation and the brainchild of filmmaker Jennifer Siebel Newsom.

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Forbes Names Terrible, Awful, Dammit What The Hell are You Doing New York Knicks Most Valuable NBA Team [Updated]

According to Forbes, The New York Knickerbockers are the most valuable team in the NBA. The Knicks have lost their last four games in a row by an average of 19 points. They paid millions to Andrea Bargnani, a free agent no other team wanted, perhaps because he seems to think spinning like a top is the same thing as playing defense. The Knicks also employ a man named JR Smith. We lack the cognitive ability to comment sanely on Smith, so we’ll just move along.

Despite all this, James Dolan, owner of the Knicks, must be happy. Forbes claims that the Knicks are worth about $1.4 billion, making them number one in the league.

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Morning Media Newsfeed: Net Neutrality Invalid | Poynter Losing Money | Forbes Moves to NJ

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Court Strikes Down FCC’s Net Neutrality Rules, Agency May Appeal (GigaOM)
An appeals court in Washington on Tuesday ruled that the FCC’s “net neutrality” rules, which prevent companies like Verizon from favoring some types of Internet traffic over others, are invalid. The 81-page ruling, which was decided by a 2-1 vote with one judge dissenting in part, has big implications for content providers, consumers and the future of the Internet. Bloomberg U.S. Circuit Judge David Tatel, writing for a three-judge panel, said that while the FCC has the power to regulate Verizon and other broadband companies, it chose the wrong legal framework for its open-Internet regulations. “Given that the commission has chosen to classify broadband providers in a manner that exempts them from treatment as common carriers, the Communications Act expressly prohibits the commission from nonetheless regulating them as such,” Tatel wrote. NYT Internet service providers are free to make deals with services like Netflix or Amazon, allowing those companies to pay to stream their products to online viewers through a faster, express lane on the Web, the judges ruled. Federal regulators had tried to prevent those deals, saying they would give large, rich companies an unfair edge in reaching consumers. But since the Internet is not considered a utility under federal law, the court said, it is not subject to regulations banning the arrangements. BuzzFeed For years, the net neutrality nightmare scenario was as follows: Carriers, such as Comcast, could charge different amounts for access to different tiers of the Internet. The basic tier might include email and basic browsing; the next could include Facebook and Twitter; the final tier could include Netflix, YouTube or Spotify. These tiers would be divided not by bandwidth or speed requirements, but by content type. The Internet would become a club with various VIP sections, arbitrarily laid out to benefit providers. Wired / Threat Level If the decision stands, broadband providers are likely to implement pay-to-play plans like the one AT&T announced last week — plans that many said violated, at a minimum, the spirit of net neutrality.

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Chinese Tycoon’s Interest in New York Times Undone by Media Attention

ChenGuangbiaoHeadshotThe young new year’s strangest NYC media story has come to a predictable end. Chinese billionaire Chen Guangbiao is moving on from his briefly articulated aspirations to become a local newspaper baron.

What’s not so expected is the way this pie-in-the-Chinese-sky came crashing down. From a report by Forbes blogger Heng Shao:

In an interview with Forbes in New York on Tuesday, Chen said he had scheduled a meeting on January 5 with “a small shareholder” of the Times who was introduced to him by a Chinese-American friend and supposedly would help “coordinate the deal from the top.”

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Forbes Unveils ’30 Under 30 in Media’ List

forbes_logo_mainForbes has unveiled its annual 30 Under 30 in Media list, and it’s filled with people who you will publicly praise and then curse under your breath.

This year’s list might as well be subtitled Yo, Young People Own Companies, because of the 34 people included (Forbes treats co-founders as one entry), 22 of them are entrepreneurs.

Some of the more notable 30 Under 30 include Matt Galligan, CEO of Circa; Pete Cashmore, founder of Mashable; Kelly Evans, CNBC anchor; and Fernando Vila, VP of programming at Fusion.

For the full Forbes list, click through.

Morning Media Newsfeed: Stelter Gets Movie | Profane Anchor Fired | Time Drops Forbes Bid

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Brian Stelter’s Top of The Morning Being Developed as Lifetime Movie (TVNewser)
Brian Stelter‘s Top of The Morning, which chronicled the rise of Good Morning America and the fall of Today, will soon join the pantheon of Lifetime original movies including Deadly Honeymoon, Romeo Killer and, more recently, Bonnie & Clyde. Top of The Morning: Inside The Cutthroat World of Morning TV has been optioned by Lifetime for a made-for-TV movie, TVNewser has learned. Production company DiGA Vision had previously bought the rights to the book. Lifetime confirms it is in the early development stage for the film. THR / The Live Feed The buzz-worthy book was published in April 2013, and met with mixed reviews. As part of the reporting process, Stelter, who recently moved to CNN as host of Reliable Sources, spent much of his time consumed by morning news coverage, with a heavy focus on Ann Curry’s short-lived stint as co-host of Today and the high-profile rivalry between Today and now top-rated Good Morning America. NY Observer It seems like a logical fit. After all, Lifetime is a network that caters to women. And women love morning television (or so we hear). Variety Lifetime’s deal to adapt Top of The Morning is sure to raise some eyebrows as the cabler is 50 percent owned by Disney, parent company of ABC. The book is generally flattering to GMA and the ABC News executive team. TVNewser For the rest of the week, we’ll be asking you to cast the actors you want to portray the biggest names in TV morning news.

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Billionaire Joe Mansueto Interested in Buying Forbes

Joe Mansueto, the billionaire founder and CEO of investment research firm Morningstar, is eyeing Forbes. The New York Post reports that Mansueto, is considering purchasing Forbes Media, which went up for sale in mid November.

Mansueto seems like a likely candidate to purchase the company. His Mansueto Ventures already owns Inc. and Fast Company, so he’s clearly interested in the media world. Plus, though Forbes wants about $400 million for the company, experts told the Post it won’t get nearly that much.

Mansueto’s net worth is $2.1 billion according to, well, you know who.

New York Filmmaker Captures Walmart Mayhem

Brian Spain‘s return to North Carolina for the holidays has taken an unexpected, major-media turn. Thanks to having filmed and posted one of several videos showing the early Black Friday craziness at Walmart, he was on CNN this morning with Carol Costello and is also featured in this Forbes blog post.

Last month, Spain posted a tongue-in-cheek “Gay Barilla Ad,” but that take on another corporate PR disaster received nothing near the clicks of his brief chronicling of the tussling for TVs at a Walmart in Elkin, NC. Here’s part of what he told ForbesClare O’Connor:

“I saw the crazy full parking lot at Walmart, so I decided to go in and interview people… That’s when I saw the fight happen. I immediately had an employee – I assume the manager since he was the one that kicked me out – tell me that I had to turn my camera off and leave…”

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