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Posts Tagged ‘fox’

Morning Media Newsfeed: Piers Morgan Lands New Gig | News Corp. Buys Realty Business

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Piers Morgan Named Editor-at-Large of MailOnline (TVNewser)
Former CNN host Piers Morgan is joining MailOnline as editor-at-large. Morgan will write several times a week, while pursing new TV ventures in the U.S. He is a former editor of British tabloids the News of The World and the Daily Mirror. THR MailOnline is the online version of the U.K.’s Daily Mail newspaper and claims to be the biggest English-language newspaper website in the world. Morgan announced in September that he’d left CNN, several months after his eponymous talk show was canceled. He added in tweets about his departure that he’d turned down a two-year deal from CNN president Jeff Zucker to host several interview specials. Politico / Dylan Byers on Media “As editor-at-large (U.S.) I plan on breaking down the biggest stories that matter to Americans and analyzing them in a way that will generate discussion and create debate,” Morgan, 49, said in a statement. Deadline Hollywood In the U.K., Morgan is known for being named youngest ever editor of the News of The World and youngest national newspaper editor in Britain in half a century, when Rupert Murdoch gave the 28-year-old him the gig in 1994. After two years, he joined the Daily Mirror as editor-in-chief, which he left in 2004 and became a media columnist and host of interview shows on ITV and the BBC. He also appeared as a judge alongside pal Simon Cowell on Britain’s Got Talent. NYT In the U.S., MailOnline reaches more than 35 million unique readers a month, according to comScore, a total that has increased by 30 percent from the year before and continues to grow.

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Morning Media Newsfeed: SoftBank Eyes DWA Purchase | Marvel Settles With Kirby Estate

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DreamWorks Animation in Sale Talks With Japan’s SoftBank (THR)
Japanese conglomerate SoftBank is in talks to acquire DreamWorks Animation in a deal that would value the company at $3.4 billion, according to a source with knowledge of the situation. NYT SoftBank reportedly offered $32 a share for the boutique studio DreamWorks Animation, a 45 percent premium over the share price. That would value it at $3.4 billion. A DreamWorks Animation spokeswoman, Allison Rawlings, on Saturday night said, “We don’t comment on rumor and speculation.” Re/code / Reuters An acquisition of DreamWorks by SoftBank would make the Hollywood studio that created Shrek part of a the communications and media company that, under founder and CEO Masayoshi Son, has shown a willingness to take big bets on combining seemingly unrelated businesses. Two weeks ago, SoftBank booked a $4.6 billion gain on the share listing of Alibaba Group in New York. SoftBank retains a 32 percent stake in the Chinese e-commerce company, making it Alibaba’s biggest shareholder. Deadline Hollywood DreamWorks’ balance sheet had weakened in Q2 with $400 million in debt and $32 million in cash vs. Q2 2011, when it had no debt and $116 million in cash. DreamWorks also disclosed in July that its next two films – The Penguins Of Madagascar and Home – were costing them approximately $10 million more than planned: $135 million not including incentive-based compensation. Variety However, DreamWorks has scored considerably with its fruitful acquisition of AwesomenessTV, a digital network targeting a young online audience — that and its relationship with Netflix likely helped attract the attention of SoftBank. DreamWorks Animation has operated as a publicly traded company since 2004.

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Morning Media Newsfeed: Shareholders OK DirecTV Sale | FAA Allows Drones for Film

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DirecTV Shareholders Approve $48.5 Billion Sale to AT&T (THR)
At a special meeting in New York on Thursday, DirecTV shareholders gave the company the go-ahead to sell its satellite business to AT&T in a deal valued at $48.5 billion. Reuters The deal, currently under review by U.S. and international regulators, was approved by 99 percent of votes cast, the company said in a statement. The votes cast represent 77 percent of shares outstanding. Bloomberg DirecTV CEO Mike White reiterated Thursday that he expects to reach a deal by the end of the year with the NFL over rights to air the Sunday Ticket package — an important milestone as the AT&T transaction is contingent on that contract being extended. WSJ The deal comes as the communications landscape transforms with people relying more on Internet-connected devices for entertainment and media consumption. Earlier this year, Comcast Corp. agreed to buy Time Warner Cable for $45 billion. The companies agreed to the merger after considering a deal for a few years. It is AT&T’s biggest acquisition since its $85 billion deal to buy BellSouth in 2006. The Hill Along with Comcast’s planned acquisition of Time Warner Cable, the AT&T-DirecTV merger is the second major media deal before federal regulators this year. AT&T’s purchase of DirecTV has raised less opposition than the Comcast-Time Warner Cable deal, though some critics on the left have raised concerns that it represents a growing consolidation of major media companies. The two media companies have said that their merger is a matter of marketplace necessity.

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Morning Media Newsfeed: Baquet Changes NYT Masthead | Comcast Responds to Merger Critics

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Big Changes to NYT Masthead (FishbowlNY)
Dean Baquet, the New York Times’ executive editor, has officially revamped the paper’s masthead. Gone is the “managing editor” title; it’s being replaced by four “deputy executive editors,” who “have already proven they can run stories that take on big institutions, who have covered a world of war and proven they can lead with humanity.” NYT They are Susan Chira, Janet Elder, Matthew Purdy and Ian Fisher. A fifth editor, Tom Bodkin, will be given the title of creative director, a position equal to the four deputy executive editors. Politico / Dylan Byers on Media Through these changes Baquet hopes to make the relationship between the Times’ digital and print sides more fluid. “I anticipate people moving on and off the masthead as our needs evolve,” he wrote in a memo to staff Wednesday, “and it is important that these moves not be seen as measures of who is up and who is down, but rather as appointments aimed at keeping our journalism and our entire operation as vibrant as possible.” Capital New York The appointments reflect a push for better coordination and cooperation between departments as the Times works on pushing out its journalism to digital readers more effectively. Other recent appointments along these lines include Arthur Gregg Sulzberger as senior editor for strategy, Alex MacCallum as assistant managing editor for audience development and Sam Dolnick as senior editor for mobile. HuffPost Wednesday’s masthead changes are the biggest since Baquet took the reins, but there have been several other moves internally in recent months. Baquet announced the addition of several deputy-level editors in the newsroom in July.

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Morning Media Newsfeed: Freedom Shutters LA Register | ISIS Releases Journalist Video

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Layoffs Hit Freedom Communications as It Ceases Publication of LA Register (LA Times)
Layoffs hit the Orange County Register on Tuesday after owner Freedom Communications ceased publication of its Los Angeles daily five months after it debuted. TheWrap A spokesperson for the LA Register said that 29 newsroom positions have been eliminated as a result of the paper’s shutdown. An unspecified number of employees will be transferred to the Orange County Register. WSJ / CMO Today The owner of Freedom Communications Inc., Aaron Kushner, who turned heads last year when he announced he was launching the daily newspaper, admitted Tuesday that the move was a failure. “As strong a newspaper as our team produced, our business model is a virtuous circle,” Kushner said in a statement. “If the support is not at a level that matches our investment, we have to adapt and make adjustments as we’ve done today.” HuffPost / AP Freedom said it will focus on markets in Orange, Riverside and San Bernardino counties. It owns the Riverside Press-Enterprise, which it bought in November for more than $27 million. NYT The LA Register ceased publication with its Monday issue. Monday evening, Kushner sent a memo to his employees announcing the news. An article about the shutdown ran on the newspaper’s front page.

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Morning Media Newsfeed: Digital First Mulls Sale | DirecTV to Launch Online Services

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Digital First Media, Second Biggest U.S. Newspaper Publisher, to Consider Sale (HuffPost / AP)
Newspaper company Digital First Media said Friday that it is exploring strategic options, which could include a sale of the company or parts of it. New York Post Chief executive John Paton said the publisher of the Denver Post, the Los Angeles Daily News, The New Haven Register and 73 other daily and Sunday papers is profitable and generates $1.2 billion of revenue. NYT Digital First has long suffered from the headwinds facing newspapers. One former division, The Journal Register Company, which includes papers like The New Haven Register and The Trentonian, filed for bankruptcy twice in the last five years. In April, the company announced that it was shutting down Project Thunderdome, a centralized newsroom that aimed to provide articles from around the nation and the world to the company’s 75 newsrooms. That closing resulted in layoffs for more than 50 people in the Project Thunderdome newsroom. Denver Post Digital First Media was formed in December 2013 with the merger of Denver-based MediaNews Group and the former Journal Register Co. It is the nation’s second-largest newspaper company, based on circulation, operating in 15 states, with 800 multi-platform news and information products, including 76 daily and Sunday newspapers and 160 weeklies. The company said it serves 75 million customers monthly. Poynter / MediaWire Ken Doctor reported in April that Digital First planned to sell its newspapers at the same time it shuttered Project Thunderdome. The company won’t set a deadline for the sale or report any developments “until the Board has determined whether it will proceed with one or several transaction(s), or otherwise concludes its review,” a news release said.

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Morning Media Newsfeed: Tebow Joins GMA | EU Regulators Approve BSkyB Acquisitions

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Tim Tebow Joins Good Morning America as Contributor (TVNewser)
With football dominating much of the news this week, Good Morning America is adding another former NFL star to its roster. THR / The Live Feed Already ingrained in the Disney-ABC family as an ESPN analyst, Tim Tebow officially makes his debut on the current No. 1 morning talk show as the newest contributor on Sept. 15. HuffPost ABC News said that Tebow will help with the morning show’s “Motivate Me Monday” series, reporting from the studio and towns across the country on inspirational stories. The Sentinel Tebow’s first story will focus on 10-year-old Deven Jackson of Perry County, Pa. Two weeks ago, Jackson played in a midget football game, three years after losing both legs to a rare illness. Tebow spent the day with Jackson and his family at their home. Tebow also spoke to Jackson’s midget football team. The league is trying to raise $10,000 to purchase the proper equipment for Jackson. The Wire Tebow, 27, played college football at the University of Florida from 2007-2009, during which time he became the first underclassman to win the Heisman Trophy. Despite early success in the NFL with Denver Broncos, Tebow struggled in subsequent stints with the New York Jets and New England Patriots.

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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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