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Posts Tagged ‘Guy Vidra’

Morning Media Newsfeed: Crowley to Leave CNN | Mass Exodus at TNR, Issue Canned

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Candy Crowley Leaving CNN (TVNewser)
Candy Crowley, a 27-year CNN veteran, is leaving the network. The move was announced in an email from CNN Worldwide president Jeff Zucker. FishbowlDC Crowley’s career at CNN began in 1987 as a political correspondent, where she covered a handful of successful and unsuccessful presidential campaigns, including those of Pat Buchanan, George H.W. Bush, George W. Bush, Bill Clinton, Hillary Clinton, Barack Obama, Ronald Reagan and Mitt Romney, among others. In 2012, she became the first woman to moderate a presidential debate. THR Crowley currently serves as CNN’s chief political correspondent and anchor of its Sunday morning show State of The Union With Candy Crowley. Staffing has been relatively stable at CNN over the last year. Though the arrival of Zucker marked several departures, politicos James Carville and Mary Matalin among them, other changes have been gradual. Piers Morgan notably left after sinking ratings for his 9 p.m. telecast earlier in 2014. Capital New York Crowley, Zucker wrote, “has let us know that she has made the decision to move on… As difficult as it is for us to imagine CNN without Candy, we know that she comes to this decision thoughtfully, she has our full support,” the email said. The reason for Crowley’s departure was not made clear. Politico / Dylan Byers on Media Zucker did not mention who would replace Crowley on State of The Union. The network will be keeping the show, a spokesperson confirmed.

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Morning Media Newsfeed: Big Changes at TNR | CBS, Dish Deadline Passes Without Blackout

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Big Changes at The New Republic (FishbowlNY)
In this, the New Republic’s 100th year, a new direction. FishbowlDC Franklin Foer, editor of TNR, sent out a staff email Thursday announcing his resignation from the magazine. Capital New York Literary editor Leon Wieseltier is also out. Gabriel Snyder, a former editor of The Atlantic Wire and most recently a digital adviser at Bloomberg, has been tapped to succeed Foer, TNR chief executive Guy Vidra wrote in an email to staff. Furthermore, the magazine will be reducing its frequency from 20 to 10 issues a year, moving from Washington D.C. to an office in New York City’s Union Square and “making some changes to staff structure,” Vidra added. HuffPost Speculation had run rampant that Foer might leave the magazine, which he returned to edit in 2012 following its sale to Facebook co-founder Chris Hughes. Some staffers fear that Hughes and chief executive Vidra are too focused on increasing Web traffic, and that such a strategy could pull the magazine away from its legacy of narrative journalism and criticism. In his memo to staff Thursday, Foer acknowledged the competing plans for the magazine’s future. “Chris and Guy have significant plans for this place,” he wrote. “And their plans and my own vision for TNR meaningfully diverge.” Politico / Dylan Byers on Media Hughes bought TNR in 2012 at the age of 28 with ambitions of restoring its esteemed place in Washington media. Instead, TNR failed to hire marquee names, struggled to attract advertisers and failed to gain a prominent place in the conversation.

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Big Changes at The New Republic

In this, the D.C. publication’s 100th year, a new direction. Tweeted out just a few moments ago by NPR media correspondent David Folkenflik:

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Morning Media Newsfeed: Sky Deutschland Slows Takeover | Vidra Named CEO of TNR

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Sky Deutschland: BSkyB Takeover Offer Too Low (THR)
BSkyB’s plans to build a European pay-TV empire hit some opposition on Wednesday. The supervisory and executive boards of 21st Century Fox-controlled German pay TV operator Sky Deutschland advised minority investors not to accept a multi-billion dollar takeover offer from BSkyB. NYT / DealBook The move comes after BSkyB, which is 39 percent owned by 21st Century Fox, agreed in July to acquire the 57 percent of Sky Deutschland that is owned by 21st Century Fox, for £2.9 billion, or $4.7 billion. As part of the deal, BSkyB, one of Europe’s largest pay-television providers, also offered to buy the shares of Sky Deutschland’s minority shareholders for €6.75, or $8.75, each, a small premium on the company’s current share price. Reuters But with only a small premium on the table, analysts have doubted that many will sell. Sky Deutschland would thus retain its stock market listing and BSkyB has not indicated any desire to squeeze out minority shareholders above and beyond the offer which it has set out. Management of the German company, advised by Bank of America Merrill Lynch, on Wednesday argued the offer fell short of its true value. WSJ On issuing its recommendation to minority holders on Wednesday, Sky Deutschland said its chief executive Brian Sullivan, the only executive board member holding shares, wouldn’t participate in the offer, which runs until Oct. 15. Two supervisory board members holding shares also don’t intend to accept the offer, the company said in a statement. Financial Times BSkyB has argued that it can implement its vision for Sky Europe, regardless of how many minorities tender their shares. Buying all minorities’ shares — 43 percent of the company — would cost the U.K. operator £2.1 billion, further increasing its leverage. The company raised £3.25 billion this month to help finance the acquisition of 21st Century Fox’s stakes in Sky Deutschland and Sky Italia. BSkyB said it welcomed Sky Deutschland’s “supportive comments on the strategic rationale for the transaction.” BSkyB shareholders are due to vote on the European deal on Oct. 6.

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Guy Vidra Named CEO of The New Republic

TNR logo GThe New Republic has named Guy Vidra its chief executive officer. Vidra most recently served as general manager of Yahoo News, a role he held since 2012. He previously served as WaPo’s head of business development and emerging media.

“One thing I’ve learned over the past two years is that to preserve and strengthen great institutions, you have to change them,” said Chris Hughes, TNR’s owner, in a statement. “Guy is a highly respected innovator with deep experience who will build on our recent progress in redefining The New Republic for a new time.”

In related news, TNR announced an investment division, The New RepublicFund. The investment arm will “back early-stage technology companies predominantly in the digital media, analytics, and video spaces,” according to TNR.

Vidra begins October 13.

Virginia Heffernan Joins Yahoo! News as National Correspondent

Yahoo! News continues to expand its journalism team. Virginia Heffernan joins as a national correspondent covering culture and politics from a digital perspective. She will also explore how our daily lives and decisions are shaped by emerging technology and behavior.

“We could not be more excited about Virginia joining the growing Yahoo! News team,” said Hillary Frey, managing editor. “Lots of us here are long-time admirers of her writing—from her earlier TV writing at Slate, to her work at The New York Times and beyond— so bringing her on is truly a thrill. No one understands the intersection of politics, video, technology and culture the way Virginia does.”

Prior to joining Yahoo!, Virginia wrote op-ed columns on digital culture for The New York Times. Prior to that, she wrote “The Medium,” a weekly column about Internet culture, for The New York Times Magazine.

“It’s a fascinating time in news, and Yahoo! is out front, leading the shrewdest, most inventive developments in digital media,” said Heffernan. “The company has hands-down the most intelligent concept of what news ought to mean now, online and everywhere. It’s a huge privilege to be working with such a talented team and I can’t wait to get started.”

She will be based in the New York City offices, reporting to Frey.

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