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Posts Tagged ‘Gannett’

Meredith Buys Gannett TV Stations for $407.5 Million

meredith-bMeredith Corporation, publisher of Better Homes & GardensEvery Day with Rachael Ray and more, is expanding its TV business. The company has purchased Gannett TV stations located in Phoenix and St.Louis, for $407.5 million.

The buy includes KASW in Phoenix and KMOV in St. Louis. Meredith also acquired KTVK in Phoenix, but is selling it in a different deal to SagamoreHill.

“These are high performing stations and will add to our already strong cash flow,” said Meredith’s CEO, Stephen Lacy, in a statement. “We will increase our presence in the large and growing Phoenix market, where we own KPHO, the CBS affiliate.  KMOV in St. Louis adds another Top 25 market to our portfolio, and when combined with KCTV in Kansas City, gives us powerful local brands in two of the Midwest’s top news and sports markets.”

The purchase is expected to close in the first quarter of next year, pending FCC approval.

Morning Media Newsfeed: Fox News Wins in Court | Twitchy Sold to Salem | Gannett Adds USA Today

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Fox News Reporter Won’t Have to Testify in Colorado (TVNewser)
FoxNews.com reporter Jana Winter cannot be forced to testify in a Colorado court. New York State’s highest court has ruled Winter cannot be compelled to testify about her reporting in the case of Colorado movie theater killer James Holmes. Winter’s story revealed the existence of Holmes’ diary that he reportedly gave to his psychiatrist before he went on his shooting spree. Fox News In a 4-3 ruling based on New York’s shield law, the state Court of Appeals reversed a lower court’s decision that could have resulted in Winter being forced to appear in the Colorado murder trial of Holmes. TheWrap “Today’s ruling is a major win for all journalists,” Fox News chairman and CEO Roger Ailes said Tuesday in a statement. “The protection of Jana Winter’s confidential sources was necessary for the survival of journalism and democracy as a whole.” FishbowlNY Lawyers for Holmes wanted Winter to testify about her confidential sources because they said it violated a gag order on the case. Winter’s lawyers claimed that New York’s shield laws should prevent Winter from having to speak up. They were right. Poynter / MediaWire There exists “no principle more fundamental or well-established than the right of a reporter to refuse to divulge a confidential source,” New York’s State Court of Appeals said in its decision Tuesday.

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Morning Media Newsfeed: NYT Back Online | Twitter Buys Trendrr | Gannett Cuts 200 Jobs


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New York Times Website Back up After Cyberattack (USA Today)
The New York Times‘ website was back in business Wednesday, a day after it was hacked by what appears to be the Syrian Electronic Army. “The situation is close to being fully resolved,” said Times spokeswoman Eileen Murphy, in a statement. LA Times The take-down of the Times‘ website for nearly two days this week exposed how easily computer hackers can exploit the Internet’s Achilles’ heel. As the website was being restored Wednesday, the tech industry scurried to assess the high-profile cyberattack and weigh what measures could be taken to prevent a similar breach. The Washington Post These attacks, which continued to effect some users of the Times and Twitter well into Wednesday, may have such long-lasting effects for two reasons, said Kenneth Geers, a senior global threat researcher at the security firm FireEye. For one, it takes a while for DNS information to move throughout the network — which could explain why some, but not all, users had trouble with the sites under attack. Geers also said that those in charge of security for the Times and Twitter may not have expected this kind of attack, and were caught unaware. “Some networks may never be the same” after this kind of attack, he said. Bloomberg Chalk one up for Twitter Inc. While The New York Times and Google Inc. had visitors to their sites redirected this week by hackers, the microblogging service was better able to deflect attacks because of a simple tool called a registry lock.

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Morning Media Newsfeed: Hundreds Gone at Gannett | Free Press Editor Fired | Peyser Leaving NY Post


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Report: More Than 200 Layoffs at Gannett’s Community Papers (Gannett Blog)
Gannett’s U.S. Community Publishing newspaper division has now cut an estimated 218 jobs across at least 37 worksites, according to Gannett Blog readers. These figures are very preliminary and are almost certain to rise in the days ahead as more employees are notified. Most of the job losses were through layoffs over the past 24 hours, with a much smaller number comprising open positions that have been permanently eliminated, according to these readers. Other cost-cutting measures across the 81-title division include eliminating travel spending — all, in response to weaker-than-expected advertising revenue in the second quarter that may be spilling over into the current one. Milwaukee Journal Sentinel Nine positions are being eliminated at The Post-Crescent in Appleton and seven at the Green Bay Press-Gazette. Among those cut was longtime Press-Gazette editorial cartoonist Joe Heller, sources said. The layoffs include both journalists and non-newsroom employees. Cincinnati City Beat Because of Gannett’s secrecy with staffing issues, it’s difficult to confirm any specific report. No names have been provided yet. JimRomenesko.com Here are the layoff reports I’m getting from Gannett papers.

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Gannett Purchases Fantasy Sports Ventures, Big Lead

Gannett’s USA Today Sports Media Group has acquired Fantasy Sports Ventures (FSV), parent of Big Lead Sports, a popular sports blog. Gannett already had a minority stake in FSV, but with the new deal in place, the company gains complete control over all of FSV’s properties.

The acquisition will boost USA Today Sports Media Group’s web traffic significantly. “The Big Lead sites have done a great job developing unique, independent voices and distinct points of view,” explained Dave Morgan, the USA Today Sports Media Group’s Senior Vice President of Content and Editor-in-Chief. “This acquisition extends our reach and deepens our engagement with core sports audiences, and is a strong complement to our position as a leading national sports property.”

Other sites that are now under the Gannett umbrella as part of the deal include BaseballHQ.com, KFFL.com, TheHuddle.com, Baseball-Reference.com, HoopsWorld.com, HoopsHype.com and more.

Tom Beusse To Lead USA Today Sports Media Group

While Gannett is ordering 17,000 employees to take unpaid furloughs, they have also found a way to create a new position for their flagship title.  Yesterday USA Today president and publisher David L. Hunke appointed Tom Beusse president of USA Today Sports Media Group.  A company press release indicates that Beusse will manage the national sports agenda for USA Today as well as Gannett’s 82 newspapers, 23 television stations, and websites including highscoolsports.net and bnqt.com.

Beusse comes with over two decades of industry experience and most recently served as president and CEO of Westwood One radio network.  He also was president of Time4 Media and Rodale’s Sports Group.

Ex-Time Warner CEO Regrets AOL Merger|Kelly Cutrone’s Book|Clay Risen Joins NYT|Ebony‘s Eunice Johnson Dies|Two New Newspaper Watch Blogs

Silicon Alley Insider: Ten years later, former Time Warner CEO Gerald Levin apologized for the AOL merger.

PRNewser: PR maven Kelly Cutrone (of “The Hills” and “The City” fame) has a new book out, set to hit stands at the same time as her new reality show debuts on Bravo.

The Awl: Author and contributing editor for The Morning News, Clay Risen, is joining The New York Times‘ op-ed page.

New York Times: Eunice Johnson, the widow of Ebony magazine founder John Johnson, died Sunday at age 93. She was famous for directing the traveling fashion shows Ebony Fashion Fair since 1961.

Folio: Battered consumer business magazines hope to bounce back in the New Year.

Gannett Blog: Two new newspaper publisher-related blog offerings from Gannett Blogger Jim Hopkins: New York Times Co. Blog and News Corp. Blog

Layoffs, Closures Expected At RBI|2010 Looks Promising For Gannett|New Year’s Resolutions|Ad Spending|Tina Brown on Newspapers

PaidContent: Layoffs and closures are expected at Reed Business U.S. after the company has failed to sell off a bulk of its magazine portfolio. Read the memo from CEO John Poulin here.

Gannett Blog: Although the company is starting the year with the lowest number of employees since 1997, Gannett‘s employment outlook looks better than last year.

WWD: Some New Year resolutions from magazine editors, including getting more ad pages and booking more celebrities for covers.

Wall Street Journal: Ad spending may have ticked up at the end of 2010, giving some hope for the coming year, but publishers are still cautious.

Daily Beast: Tina Brown says stop blaming the Internet for the death of newspapers. “American newspapers are dying mostly because they were so dull for so long a whole generation gave up on them. They needed to innovate back in the Fax Age of the 1980s but were too self-important and making too much money with their monopolies to acknowledge it.”

Comcast, GE Close To Deal On NBCU|WaPo Newsroom Fight|Time Inc.’s Vivek Shah Departs|Gannett’s New Guidelines|Business Press Struggles|Jay Leno

TVNewser: Comcast is coming close to closing its deal with General Electric over NBC Universal. An announcement might come as soon as this week.

FishbowlDC: Rumble in the Washington Post newsroom: Henry Allen punched Manuel Roig-Franzia in the face last night.

PaidContent: Time Inc.‘s Vivek Shah is leaving the company after 15 years.

Editor & Publisher: Gannett has issued a list of priorities to its papers’ editors, asking them to beef up investigative reporting, reposition Web sites for breaking news, and better engage young readers and Sunday readers.

New York Times: David Carr mourns the loss of the business press. Another casualty of the recession.

Broadcasting & Cable: An exclusive Q&A with Jay Leno. He talks about the negative press he’s received recently and what’s it’s like to work at NBC: “I find there’s a lot of anger at NBC. But it’s like I say to the people who write the dramas: If I weren’t doing this, it would be “Dateline” five nights a week or reality shows. We’ve kept work in California, we have 22 WGA writers, but there’s always going to be anger and resentment. The last couple of weeks I’ve seen some articles that are a little more, ‘It’s not Jay’s fault, its NBC’s fault,’ and that’s OK, I get it. But when your name’s on the thing, you take the hit and that’s fine.”

Gannett 3Q Results: Revenues Down, But Better Than Expected

gannett.pngGannett Co., the publisher of USA TODAY, announced its third quarter results this morning and, as promised, they beat analysts’ projections.

However, the company did post a 18.4 percent decrease in net operating revenues compared to the same period last year, and earnings per share were down 55.1 percent. Operating expenses also decreased, revealing a more efficient business. (Did all those layoffs over the summer help contribute to that?)

Gannet CEO Craig Dubow, who just came back to work last week after back surgery, emphasized the positives:

“We finished the quarter on a stronger note with better than anticipated results due primarily to better trends in advertising and great efficiencies across all of our business segments. Our results for the quarter exceeded the high end of previously announced estimated ranges for revenue, operating cash flow, and earnings per share…Third quarter year-over-year comparisons of publishing advertising revenue were a few percentage points better than year-over-year comparisons for the second quarter and September was our best comparison month of the year.”

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