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Posts Tagged ‘Fortune’

Cover Battle: Architectural Digest or Fortune

Welcome back to another of FishbowlNY’s weekly Cover Battles. This round features Architectural Digest taking on Fortune.

AD’s latest cover features Tommy Hilfiger sitting next to a giant, silver Mickey Mouse statue. Does the fact that Hilfiger has this in his house make you like his clothes more or less? Think carefully before answering.

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Norman Pearlstine Opens Up

Norman Pearlstine, Time Inc.’s chief content officer, is not afraid to speak his mind. When Time began selling ads on its cover, Pearlstine brushed aside the notion that the practice was a bad thing, even though it broke ASME’s number one guideline.

In a wide-ranging interview with WWD, Pearlstine shares some more thoughts about the industry. Below are a few highlights, but be sure to read the entire piece.

On the future of Time, EW, SI and People:

You can’t just reprise the news. You have to have journalism that makes a point and you have to be in sync with your audience. When I think about Sports Illustrated, when I think about People, Entertainment Weekly, Time — all four of them have editors who are very much in touch with their readers and that’s a comfort to me.

On replacing Andy Serwer, Fortune’s longtime editor, with Alan Murray:

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Morning Media Newsfeed: Murray Named Fortune Editor | Gunshots Fired at AJ Bureau

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Alan Murray Named Editor of Fortune (FishbowlNY)
Alan Murray has been named the new editor of Fortune. He will be just the 17th editor of the glossy, which was founded in 1930 by the legendary Henry Luce. TVNewser Murray joins the Time Inc. publication following a short stint as president of the Pew Research Center. Murray was CNBC’s Washington bureau chief from 2002 to 2005, where he co-hosted Capital Report With Alan Murray And Gloria Borger. Borger is now with CNN. FishbowlDC Murray joined Pew as president in November 2012. In addition to WSJ bureau chief, he served as deputy managing editor and executive editor of online for the Wall Street Journal. Capital New York Murray replaces longtime Fortune editor Andy Serwer, who is leaving Time Inc. after 29 years. Serwer spent eight years running Fortune, which is one of the company’s most prominent brands along with Time, Sports Illustrated, People and Entertainment Weekly. HuffPost Murray will remain at Pew until Aug. 1. He said that Jim McMillan, general counsel and corporate secretary at the Pew Charitable Trusts, will then take over as “acting president” while the company searches for a new leader.

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Alan Murray Named Editor of Fortune [Updated]

Alan Murray has been named the new editor of Fortune. He will be just the 17th editor of the glossy, which was founded in 1930 by the legendary Henry Luce. Murray most recently served as president of the Pew Research Center. He had been with Pew since 2012.

Prior to joining Pew, Murray worked at the Wall Street Journal in a variety of roles, most recently deputy managing editor and online executive editor. During Murray’s 10-year stint as the Journal’s Washington bureau chief, the bureau won three Pulitzers.

“Alan’s diverse background uniquely positions him to lead Fortune,” said Time Inc.’s executive VP, Todd Larsen, in a statement. “He is a digital champion and media visionary who can bridge every aspect of our business, moving effortlessly from the newsroom to the boardroom to television to conference stage.”

Murray will succeed Andy Serwer, who is leaving Time Inc. after 30 years.

Update (12:00 pm):
Below is Murray’s note to Pew staffers, announcing his decision to leave.

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Morning Media Newsfeed: USA Loss Draws 22 Million | WSJ Cuts Newsroom Staff

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21.6 Million Watch USA-Belgium Match on ESPN, Univision (TVNewser)
Between ESPN and Univision, 21.6 million viewers watched Tuesday’s USA-Belgium World Cup match — 16.5 million on ESPN and another 5.1 million on Univision. New York Post The broadcast’s workday time slot meant ESPN’s coverage of USA-Belgium was only the second most watched World Cup game so far. ESPN said the viewership of Tuesday’s nailbiter failed to top the USA-Portugal game, which drew 18.22 million viewers. That game aired on a Sunday evening. Deadline Hollywood While not the record-breaking 10.4 million who tuned in for Mexico’s loss on June 29 to the Netherlands nor the 6.5 million who saw Portugal tie Team USA, Tuesday’s Univision viewership was better than the 3.4 million who watched America’s 1-0 loss to Germany on June 26. Online, Univision Digital saw a record-breaking 1.8 million unique viewers watch Tuesday’s game. AllFacebook The Facebook Data Science Team reported that the match yielded 21 million interactions (posts, comments and likes) from 13 million users globally, including more than 6.5 million interactions from some 4.1 million U.S. users. Variety For the World Cup through the Round of 16, ESPN and ABC averaged 4.08 million viewers — a record audience for the tournament, up 44 percent from 2010 (2.84 million) and 122 percent from 2006 (1.84 million).

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Carol Loomis to Retire from Fortune

loomisCarol Loomis, the legendary business journalist who has worked for Fortune for more than 60 years, has decided to call it quits. Loomis, who has most recently served as an editor-at-large, will (of course) continue to sporadically contribute content to the magazine.

“I have had the privilege of working with Carol for nearly 30 years,” wrote Fortune’s managing editor, Andy Serwer. “Her contributions to Fortune, to journalism, and to business are immense and incalculable. Her retiring from Fortune is the end of an era for all of us.”

“When people ask you why I am retiring and ‘age 85′ does not satisfy them, please suggest that they have the wrong question,” Loomis said, in a note to staffers. “The right one is, ‘Why did Carol work so long?’” She then quoted a paragraph from her 2005 memoir to answer the latter question:

To have had an absorbing, worthwhile job, carried out in the company of talented, likable people bent on creating the best product possible, in a collegial environment that many a person who has come from another journalistic organization finds amazing—all that is not the average working experience. And that’s why I’m still here. This is a hard place to leave.

 

Fortune Makes Editorial Changes

XtTZlC8VFortune has named Clifton Leaf its new deputy managing editor and Brian O’Keefe its new international editor.

Leaf returned to Fortune late last year as assistant managing editor. He had previously served as guest editor for The New York Times op-ed page and Sunday Review section. O’Keefe, a 14-year veteran of Fortune, most recently served as its assistant managing editor.

The changes were designed to help Fortune cope with the departure of Stephanie Mehta, who resigned from the magazine in order to take some time off. “Stephanie had many responsibilities at Fortune, so many in fact I think it’s best no single person take on all of her work,” wrote Fortune’s managing editor, Andy Serwer, in a memo.

You can read Serwer’s full note below.

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Morning Media Newsfeed: Clinton Begins Media Tour | NYT Magazine Adds Wasik

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Diane Sawyer’s Clinton Interview Draws 6 Million Viewers (TVNewser)
According to preliminary Nielsen data, Diane Sawyer’s interview with Hillary Clinton averaged 6.079 million viewers in the 9 p.m. ET hour Monday night. Sawyer had the first interview with Clinton as the former Secretary of State began her press tour for Hard Choices, out Tuesday. FishbowlDC ABC led CBS and NBC in viewers for the hour. On top in ratings Monday night was Fox, which aired 24 and averaged 6.333 million viewers in the 9 to 10 p.m. hour. Deadline Hollywood However, the interview drew a 1.0 in the demo, finishing last in the 9 p.m. hour among the Big 4 networks. CNN Clinton also appeared on ABC’s Good Morning America Tuesday to promote her book. Hard Choices is about Clinton’s years as President Barack Obama’s first secretary of state, which she stepped away from early last year. In her ABC appearances, she honed what is likely to be her book tour message — one of a thoughtful diplomat who is prepared to reintroduce herself to voters, especially women. With her book lining the walls of booksellers nationwide, Clinton also stopped at a Barnes & Noble in Manhattan Tuesday for her first book signing of the two-week tour. NBC News While Clinton has been traveling the country doing paid speeches in recent months, this book tour will put her on a much more rigorous — and campaign-like — schedule. She will visit at least 15 different cities over the next two weeks, including Washington, Philadelphia, Seattle, Los Angeles, Kansas City and Austin. Plus, she is doing a host of television interviews to promote the book, including with NBC News, CBS News, CNN and Fox News.

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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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Bethany McLean Returns to Fortune

Bethany McLean GBethany McLean, most well known for her work exposing the Enron scandal and her coverage of the 2008 financial crisis, is returning to Fortune as a columnist for its website. McLean is the co-author of The Smartest Guys in The Room and All The Devils are Here.

McLean was a columnist for Fortune before leaving to join Vanity Fair as a contributing editor. She will continue on in that role. McLean has also served as business columnist for Slate.

In a memo announcing McLean’s return, Andy Serwer, Fortune’s managing editor, wrote, “I am thrilled that Bethany is back with us at Fortune.com. She’s an amazing journalist and really good people too.”

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