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Posts Tagged ‘fox’

Morning Media Newsfeed: NYT Profit Plummets | Twitter Beats Street, Stock Soars

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NYT Profits Plummet 21 Percent (FishbowlNY)
As usual, the New York Times’ earnings report features both good and bad news. While the Times’ digital subscriptions continued to grow, the lack of print ad dollars weighed the paper down. HuffPost / AP The New York Times Co. on Tuesday reported earnings that declined by 54 percent in its second quarter, and missed analysts’ expectations. The New York-based company said net income declined to $9.2 million, or 6 cents per share, from $20.1 million, or 13 cents per share, in the same quarter a year earlier. Financial Times Adjusted operating profit, which strips out some one-time items including retirement costs and depreciation, fell 21 percent to $55.7 million. A fall in advertising sales and stepped-up investment in digital products sapped second-quarter profit at the Times as the publisher forecast flat circulation revenue and further declines in advertising in the coming months. Poynter / MediaWire The Times added 32,000 digital subscribers in the second quarter of 2014. The number was driven by its new products — the NYT Now and NYT Opinion apps and the new Times Premier subscription tier. Paid digital-only subscribers now total 831,000, the company said. Revenue from those subscriptions jumped 13.5 percent, to $41.7 million, from the same period a year ago. Total circulation revenue increased 1.4 percent. Mashable During the quarter, the company’s flagship newspaper fired top editor Jill Abramson and replaced her with former managing editor Dean Baquet. A Times spokesperson said at the time that Arthur Sulzberger Jr., publisher of the Times and chairman of The New York Times Company, was spurred by a desire to change how the newsroom was managed.

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Morning Media Newsfeed: Microsoft to Cut 18,000 Jobs | Aereo Faces Setback

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Microsoft to Lay Off 18,000 Workers, Largest Cuts in History (SocialTimes)
Over the next year, Microsoft is eliminating 18,000 jobs, or as much as 14 percent of its workforce. CEO Satya Nadella wrote a public email to company employees on Thursday saying “every team across Microsoft must find ways to simplify and move faster, more efficiently.” He said that he would give more details on Tuesday, when Microsoft reports its fiscal 2014 results. Deadline Hollywood The layoffs will hit hardest at the Nokia Devices and Services phone handset business, acquired in April. “We are moving now to start reducing the first 13,000 positions, and the vast majority of employees whose jobs will be eliminated will be notified over the next six months,” Nadella said in the email Thursday. Microsoft expects the restructuring to result in as much as $1.6 billion in pre-tax charges over the next four quarters. That will include as much as $800 million for severance and related benefit costs, and up to $800 million in asset-related charges. Variety Microsoft is also getting out of developing original series for its Xbox gaming platform and will close Xbox Entertainment Studios in the coming months. Xbox chief Phil Spencer announced Xbox Entertainment Studios will shutter and that some projects in development and production, including a live-action Halo series, will still be produced. New York Post / Reuters The studio, set up in 2012 under then-CEO Steve Ballmer, said in April it had committed to several projects including Humans, a drama co-produced with U.K. broadcaster Channel 4, and Halo. NYT While Microsoft still makes profits that executives at other companies would be ecstatic to have, it has been beaten on the biggest new trends in tech, including mobile, Internet search and cloud computing. As a result, it is regularly left out of conversations about companies defining the next generation of technology, outflanked and overshadowed by companies like Apple, Google, Facebook and Amazon.

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Rupert Murdoch Tried to Buy Time Warner

Rupert-Murdoch-10-7Rupert Murdoch wants to own all the media. All of it. According to The New York Times, Murdoch and his entertainment company — 21st Century Fox — attempted to buy Time Warner for $80 billion, but the offer was rejected.

As part of the offer, 21st Century Fox said it would sell CNN to alleviate any antitrust concerns that arose because Fox News competes with CNN.

21st Century Fox released the following statement regarding the failed takeover bid: “21st Century Fox can confirm that we made a formal proposal to Time Warner last month to combine the two companies. The Time Warner Board of Directors declined to pursue our proposal. We are not currently in any discussions with Time Warner.”

Don’t take that to mean this is over with. In fact, it’s probably just beginning. Don’t forget, this comes only a week after word leaked that News Corp might try to buy Tribune Newspapers.

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Morning Media Newsfeed: AT&T Advances DirecTV Talks | AP Expands | BuzzFeed President Out

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AT&T Said to Be in Talks to Buy DirecTV for About $50 Billion (Bloomberg)
AT&T Inc. is in advanced talks to acquire DirecTV, the largest U.S. satellite-TV provider, for about $100 per share, according to people familiar with the matter. WSJ A takeover of DirecTV could put a value of nearly $50 billion on the satellite-television provider. The two sides are discussing a deal that would involve a mix of cash and AT&T stock, the people said. Dallas-based AT&T would likely pay a premium to DirecTV’s share price Monday, one of the people said. An agreement could be reached in two weeks if not sooner, according to the people. GigaOM AT&T’s plan is to turn the satellite company into an AT&T unit, and keep management on board to run that unit, with plans for DirecTV’s chief executive Mike White to retire in 2016. The acquisition report, which neither company is commenting on, comes after three months after Comcast announced that it was going to acquire Time Warner Cable in a $45 billion deal. Variety Analysts have speculated that AT&T could migrate its 5.7 million U-verse TV subscribers to DirecTV’s satellite-delivered service, freeing up bandwidth in its terrestrial data networks. With 26 million pay-TV subscribers, AT&T also would gain leverage in programming negotiations on part with a merged Comcast-TWC. Reuters DirecTV shares rose 6 percent to $92.50 in extended trading on Monday.

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Morning Media Newsfeed: Flipboard Buys Zite | BBC3 to Go Online-Only | Egypt Tries AJ Staff

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CNN Sells Zite to Flipboard (CNNMoney)
CNN has sold its news reader app, Zite, to Flipboard, a social magazine application. As part of the deal, Flipboard has also teamed up with CNN to launch custom magazines for CNN shows anchored by Fareed Zakaria, Jake Tapper and John King. The deal could be valued as high as $60 million over time, taking into account future advertising revenue, said a source familiar with the deal. TVNewser The sale occurred less than three years after CNN acquired Zite for $20 million. CNN and Flipboard’s partnership will allow CNN to expand its mobile reach and take advantage of Flipboard’s technology and mobile sales strategy. Re/code Zite itself will shut down, but CNN says most of its 20 employees will go to work for Flipboard. Zite CEO Mark Johnson will not be joining them. Forbes / Jeff Bercovici The deal merges two apps that let users aggregate news stories from all over into a single magazine-like experience. Of the two, Flipboard has been considerably more successful: It’s currently ranked No. 5 among free iPad news apps in Apple’s App Store, while Zite is No. 39. Flipboard will absorb the machine-learning technology that Zite uses to personalize news feeds for its users. Mashable The move also divests CNN of one of its most high-profile acquisitions while putting it in front of Flipboard’s users, which according to Johnson number more than 100 million.

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Poll: Majority of Americans Get News From TV

According to a new Gallup poll, most of us turn to the tube for news, and it’s not even close. The survey, which asked a little over 2,000 adults what medium they view as their primary source of news, found that 55 percent said TV. The Internet was second, but was cited by only 21 percent of respondents.

As for print? A paltry nine percent of Americans turn to newspapers for news. The most often cited paper was the New York Times and the Wall Street Journal, tied with one percent of the vote.

When respondents gave a specific TV outlet as their answer, Fox was named the most often at eight percent, followed by CNN at seven.

Does living in a nation where most people turn to Fox and CNN for news make you feel terrible or terrible? Please answer in the comments.

WPIX Falls in February Sweeps; ‘Expect Changes Everywhere,’ Source

We told you about WABC having another successful ratings period.

That’s not the case on East 42nd Street.

WPIX was handed a gift last summer when WNYW made abrupt changes. With Greg Kelly off the mornings, WPIX had a chance to make headway against its rival.

However, Channel 5 hit the “re-do” button last month putting Kelly back on Good Day New York. Not only did the show put a dent in any Channel 11 traction, it clipped NBC’s Today show for the February sweeps.

So with that backdrop, we explore WPIX’s efforts in the period.

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Scott and Todd, Dish Nation to Return for Another Season

Haven’t seen enough of Scott and Todd? If yes, you’ll like this post. The longtime WPLJ morning duo of Scott Shannon and Todd Pettengill will be back for another season of Dish Nation, seen here on My9/WWOR. The nightly 30-minute entertainment/gossip show has been picked for 2013-14 by Fox for its O&Os. It also is being picked up by other syndicators throughout the country.

Scott and Todd are part of the rotating air personalities featured on Dish Nation.

Rickey Smiley based in Atlanta and Kidd Kraddick, out of Dallas, round out the show.

America’s Most Wanted to Feature Gavin Smith

It’s been over four months since Fox executive Gavin Smith mysteriously disappeared. America’s Most Wanted will do their part to help find the 57-year-old by airing a feature on the Lifetime crime show, according to The Hollywood Reporter:

The episode of Lifetime’s venerable crime news program will air in early- to mid-October, according to Angeline Hartmann, who is producing the segment for AMW. Hartmann says that the Los Angeles County Sheriff’s Department, which has revealed little about its investigation, is participating in the making of the feature.

“The sheriff’s office has not really spoken out in detail publicly about this case, but the good news is we are dealing directly with the investigators assigned to the case — they are ready to talk a little bit more about it,” says Hartmann, adding that AMW is still conducting interviews and researching the disappearance of the studio exec.

Smith, a former UCLA basketball player, was last seen at his friend’s house on May 1 in Oak Park.

Jennifer Lopez the Latest to Quit American Idol

Guess 12 hours wasn’t enough time for American Idol to convince Jennifer Lopez to stay.

Lopez followed Steven Tyler out the door, calling into Ryan Seacrest‘s radio show on Friday to break the news.

“I honestly feel the time has come to get back to do what I do. I have put it on hold because I love Idol so much. You have a lot of other responsibilities and other things you want to do,” Lopez told Seacrest. ”We had an amazing run.” Read more

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