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Posts Tagged ‘Fox News’

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: BuzzFeed Editor Fired for Plagiarism | Palin Launches Channel

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BuzzFeed Fires Staffer for 40 Instances of Plagiarism (FishbowlNY)
It looks like the magic number was 40. BuzzFeed has decided to fire its viral politics editor, Benny Johnson, after finding that many instances of plagiarism in his work. FishbowlDC A note to editorial staff sent Friday evening from BuzzFeed editor-in-chief Ben Smith announced that the website has parted ways with Johnson after identifying “40 instances of sentences or phrases copied, word for word, from other sites, many of them inappropriate sources in the first place.” Capital New York Earlier last week, a pair of Twitter users called into question several of Johnson’s posts that had taken phrases and sentences from sources including About.com and National Review. Smith said Friday that editors were reviewing Johnson’s work. Poynter / MediaWire In his note to readers, Smith wrote that the plagiarism constituted “an act of disrespect to readers” and that Johnson’s editors were “deeply embarrassed and sorry” for misleading BuzzFeed’s audience. HuffPost Smith said BuzzFeed would correct every post where plagiarism was found and add editor’s notes to them. Johnson was previously with Glenn Beck’s The Blaze and has also written for Breitbart News.

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Morning Media Newsfeed: Forbes Sells Majority Stake | Kindle Unlimited Unveiled

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Forbes Media Sells Majority Stake to Hong Kong Investor Group (FishbowlNY)
In the past six years, Forbes has expanded its international publishing reach from nine licensed local editions to 36. Content is now consumed in 63 countries, in 21 different languages. Friday, the company solidified its international reach with the announcement that a majority stake has been sold to a group of Asian investors. NYT / DealBook The terms were not disclosed, but the transaction values Forbes Media at $475 million, said a person close to the deal. Forbes’ new controlling shareholders will be Integrated Whale Media Investments, a group that includes the Hong Kong investor Tak Cheung Yam and Wayne Hsieh, the Singaporean co-founder of AsusTek Computer. Forbes The Forbes family will retain a significant ownership stake, will stay actively involved in Forbes Media and will work with the investor group to further increase market share of the existing Forbes Media product lines in media, digital, technology, as well as brand extensions. Upon closing, Elevation Partners will fully exit its investment in Forbes Media. Mashable In a statement, the family and its new majority owners framed the deal as a way to ensure Forbes‘ brand and journalistic operations continue to expand. “Our partners respect our brand and values, and support our longstanding mission of championing entrepreneurship and free market capitalism through quality, independent business journalism,” Steve Forbes said in a statement. Capital New York Forbes Media will remain headquartered in the U.S., and there will be no change at the top — Steve Forbes will continue as chairman and editor-in-chief, and Mike Perlis will remain CEO. The company reported that it made a profit in 2013; the company projected a revenue of $144.6 million for the year, according to a report.

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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: Vargas Detained, Released | Abramson Books Two Interviews

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Jose Antonio Vargas Released From Federal Custody in Texas (TVNewser)
Jose Antonio Vargas, the Pulitzer Prize-winning journalist who was the focus of the recent CNN documentary Documented, was released from the custody of U.S. Border Patrol agents Tuesday evening. FishbowlDC Vargas was detained in McAllen, Texas Tuesday, days after speculating that he may be stuck in the border town. On Friday, Vargas wrote an essay for Politico, where he described his visit to a children’s shelter for Central American refugees. FishbowlNY Vargas was leaving the town to go to a screening of his film in Los Angeles when he was arrested. He was brought to a border patrol station for questioning. Supporters and members of the media gathered across the street, and were warned that if they approached the station any closer, they would also be arrested. HuffPost Vargas flew to the border last week to interview and film undocumented immigrants who have fled their home countries in Central America due to escalating violence. A TSA agent at the McAllen-Miller Airport initially cleared Vargas’ Philippines-issued passport when he attempted to board a flight Tuesday morning. He was placed into custody soon after, however, when he couldn’t produce a U.S. visa at the request of a border patrol agent. Politico / Dylan Byers on Media Vargas, who won a Pulitzer as part of a Washington Post team in 2008, has become an outspoken advocate for undocumented immigrants after “coming out” as undocumented in a New York Times story in 2011.

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Morning Media Newsfeed: World Cup Sets Ratings Records | Plotz Resigns From Slate

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World Cup Shatters Facebook Engagement Records (LostRemote)
The World Cup set single-event Facebook engagement records within the tournament’s first week. Now, with the tournament over, it is official: the 2014 World Cup is the most talked-about event in Facebook history. From June 12-July 13, 350 million people generated 3 billion World Cup-related interactions. AllFacebook These numbers make the 2014 World Cup the most-talked-about sporting event in the social network’s history. The tournament’s final match, which resulted in 280 million interactions from 88 million users, was the top sporting event in Facebook’s history. Capital New York All told, 26.5 million people watched the match Sunday via either ABC or Univision, making it the most-watched men’s World Cup final ever. ABC drew an average of 17.3 million viewers according to Nielsen Fast National ratings, the best numbers ever for a World Cup final, and the third best for any World Cup game. The two games that beat it were U.S.-Portugal from earlier in this year’s tournament (18.2 million viewers), and the 1999 Women’s final between the U.S. and China (17.9 million viewers). Deadline Hollywood Both ABC/ESPN and Univision had their best World Cup ever this year, with ESPN/ABC up 39 percent in viewership over the 2010 World Cup and up 96 percent over the 2006 World Cup. Over the 64 games of this year’s tournament, Univision was up 34 percent from its total audience from 2010. Variety The combined 26.5 million for Germany’s 1-0 victory is a larger audience than the deciding game for the most recent World Series on Fox (19.2 million) and NBA Finals on ABC (18.0 million), and also tops the BCS Championship game in college football on ESPN in January (25.6 million).

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Morning Media Newsfeed: SI Scores LeBron James Scoop | The View Considers Cupp

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LeBron James Announces Cleveland Return Via Sports Illustrated (FishbowlNY)
Everyone in the sporting world — and many others outside of it — were awaiting word on where LeBron James would play next season, and Sports Illustrated got the scoop Friday. In an article by James (as told to SI’s Lee Jenkins), James explained his reasons for returning to Cleveland to play for the Cavs. LostRemote After the story went up, James posted on Instagram a photo of himself with the caption “I’m Coming Home.” #GoodforLebron and #Cleveland also started trending on Twitter quickly. TVSpy Cleveland CBS affiliate WOIO reported the news at 12:25 p.m. Friday, just after James’ announcement was posted to SI.com. “The newsroom is abuzz right now,” Paul Orlousky said. The station remained in coverage through the 1 p.m. hour. PRNewser Jenkins reportedly helped James write the essay Thursday night, and the mag didn’t let any of its advertisers know about what will almost surely be the biggest traffic driver in recent history. HuffPost “My relationship with Northeast Ohio is bigger than basketball,” James told Jenkins. “I didn’t realize that four years ago. I do now.” James, an Akron, Ohio native, was selected by the Cavs with the No. 1 overall pick in the 2003 NBA Draft. After reaching the NBA Finals just once in those seven seasons, James infamously announced that he would be joining the Miami Heat in July 2010 during a televised interview dubbed “The Decision.” Both James’ choice of team and his choice of venue for the announcement led to a virulent backlash in Ohio that included fans burning his jersey and a public repudiation from Cavaliers owner Dan Gilbert.

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Native Ads Beat Out Content from BuzzFeed, Mommy Blogs, Fox News

A third of the way through Contently co-founder Shane Snow‘s appearance today on Bloomberg TV’s Market Makers alongside Advertising Age‘s Michael Sebastian, details were shared about the online media world’s version of the Pepsi Challenge… from hell.

“That was the interesting thing about our study,” Snow understated. “We pit sponsored content against BuzzFeed, mommy blogs, Fox News, and it actually beat those three categories. But it was less trustworthy than the New York Times.

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Morning Media Newsfeed: Google Buys Songza | MSNBC Holds Second Place

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Google in Deal for Songza, A Music Playlist Service (NYT)
In a sign of growing consolidation in the digital music business, Google announced on Tuesday that it had bought Songza, a three-year-old app that competes with Pandora and others in making customized playlists of recommended songs. Re/code The New York Post reported in June that the deal could be worth $15 million. Unlike some acquired startups, Songza won’t be shutting down. Its team will be joining Google in New York and helping with contextual recommendation features for Google Play and possibly YouTube down the line. GigaOM Songza offers custom curated playlists based on categories like genre, mood, decade and activity (“Drinking at A Dive Bar,” “’60s International,” etc.) and offers song suggestions based on the time of day and week. The service is free and songs aren’t interrupted by ads. THR The acquisition comes on the heels of Apple’s deal to purchase Beats Electronics and its streaming music service for $3 billion. Amazon also has jumped into the music streaming market with the launch of the Prime Music service, which comes as part of its $99 annual Prime subscription. The move appears to be part of Google’s plans to compete in this increasingly crowded music-streaming space, which is already dominated by Spotify. Variety Google said it plans to use Songza to make its Play Music service more attractive. The Songza purchase also comes as marketers are spending more on online and mobile radio services in the U.S. Ad sales generated $1.65 billion in the U.S. last year, a gain of 26.3 percent, according to digital research group eMarketer. That’s expected to increase another 23 percent to $2 billion this year.

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Morning Media Newsfeed: Yahoo! Revives Community | AP to Automate Earnings Stories

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Community Picked Up by Yahoo! (LostRemote)
Greendale Community College is reopening its doors — on Yahoo! The cancelled NBC sitcom Community has been picked up by Yahoo for a 13-episode sixth season. Mashable Until recently, Community’s studio, Sony, had been in talks with Hulu about resurrecting the series following its May cancellation by NBC. NYT Community, which uses a study group at Greendale Community College as the jumping-off point for its self-referential story lines and pop culture obsessions, comes with a core audience of passionate fans. Those fans helped save the show from a previous threat of cancellation two seasons ago. Yahoo! Screen offers reruns of many shows, but Yahoo! has been putting more emphasis on adding original shows. WSJ In April, it announced the launch of 30-minute comedies Other Space and Sin City Saints, which will debut next year. In a time of “cord-cutting,” online services have helped attract subscribers with shows such as Netflix’s Orange Is The New Black and Amazon’s Alpha House. Deadline Hollywood The deal for Community extends Sony TV’s strong track record in bringing back cancelled series. The studio previously brokered a deal to move acclaimed drama Damages to DirecTV after it was cancelled by FX, and found a way to bring back on their original networks cancelled series Drop Dead Diva on Lifetime and Unforgettable on CBS. All three series have gone to air multiple seasons post-cancellation. What wasn’t immediately clear was how Yahoo! plans to make money from continuing the cult show online.

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