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Posts Tagged ‘Garrett Graff’

Morning Media Newsfeed: Time Warner Plays Defense | Netflix Hits 50 Million Subscribers

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Time Warner Cancels Shareholders’ Ability to Call Special Board Meeting, Guards Against Fox Acquisition (NYT / DealBook)
Time Warner is playing defense. On Monday, the company amended its corporate bylaws and removed a provision that allowed shareholders to call a special board meeting. In a filing with the Securities and Exchange Commission, Time Warner said the change was effective immediately. Variety The media company’s board approved a measure to temporarily prevent a fraction of shareholders, some 15 percent, from forcing a vote on 21st Century Fox’s $85 per-share offer, according to public filings. The so-called special meeting provision may be re-instated at the company’s 2015 shareholders meeting. Deadline Hollywood The fear was that Rupert Murdoch — or anyone — could have tried to stampede short-term investors into accepting a deal even if the board concluded that it would not serve their long-term interests. Time Warner shares were down 1.6 percent in post-market trading following disclosure of the change. THR Murdoch’s 21st Century Fox has bid about $80 billion to acquire Time Warner, but Time Warner’s board and CEO Jeffrey Bewkes have rejected the proposal. Some analysts predict that 21st Century Fox will eventually offer $100 a share for Time Warner. The conglomerate’s stock has climbed 23 percent in the past week on such speculation, and Monday it closed at $87.36. TVNewser People familiar with the original $80 billion proposal that was rejected said if 21st Century Fox took over Time Warner, it would sell CNN to prevent antitrust issues stemming from Fox News and CNN’s direct competitor relationship.

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Former FBDC Editor Graff|McGraw-Hill Earned $5.9M From BusinessWeek|NYTCo. May Sell Worcester Paper Soon|More On Comcast-NBCU

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PRNewser: Former FishbowlDC founding editor Garrett Graff, now the editor of the Washingtonian, talks about working in PR and then making the jump to journalism.

All Things Digital: Today, Mcgraw-Hill told investors that its sale of BusinessWeek netted the company $5.9 million after taxes.

Worcester Telegram & Gazette: Ralph D. Crowley, Jr., who is looking to buy the Worcester Telegram & Gazette from The New York Times Co., says negotiations might be wrapped up in two weeks.

New York Times: A closer look at Comcast‘s bid for a majority stake in NBC Universal.

Four Vie For 2009 Thurber Prize|FBDC Founding Editor Graff Takes Over Washingtonian|NYT Columnist Buys New Home|Us Weekly Thrives|Economist Sells Single Copies In U.K.

GalleyCat: The organizers of the Thurber Prize for American Humor couldn’t narrow their short list down to the usual three candidates — so this year there are four authors competing for the $5,000 prize: Sloane Crosley, Ian Frazier, Don Lee and Laurie Notaro.

FishbowlDC: FBDC’s founding editor Garrett Graff has been named editor of Washingtonian.

Observer: New York Times columnist Paul Krugman has purchased a $1.7 million three-bed on Riverside Drive.

WWD: For the first time, Us Weekly‘s Web site has surpassed People.com in number of unique visitors. The magazine seems to be getting along fine since longtime editor Janice Min‘s departure: acting EiC Michael Steele‘s first issue sold 1.1 million copies on newsstands.

Guardian: You can now buy single copies of The Economist in the U.K.

Denver ’08: We Drink CNN’s Milkshake!

100_2983.jpgCNN may equal politics, but the CNN Grill equals heaven. FBNY is currently inside the Grill drinking a chocolate milkshake with no plans to move, maybe ever. CNN has done a very good job of branding the convention space and the Grill (in our opinion) is the crowning glory. It’s a sort of conventioners oasis set up in the perimeter zone. You have to have a CNN credential to enter (or know someone who does) but once inside there is free food, and drink, and a dessert menu that includes a “make your own cupcakes” option.

It’s also the place for hungry and thirsty heavy-hitters. Rahm Emanuel is sitting at the front table with his children, CNN head Jon Klein has a booth to our left, LA mayor Antonio Villaraigosa is getting interviewed in front of us, and Nancy Pelosi and her entourage just sailed by. Anderson Cooper is chatting it up with Walter Isaacson and we think we just spotted Jeffrey Wright. Did we mention the free milkshakes? It’s also a bit of a mediabistro alumni lovefest — we’re sitting here with former FishbowlNYer Rachel Sklar and the original FishbowlDCer Garrett Graff…word on the twitter is that Patrick Gavin is on the way.