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Posts Tagged ‘Hearst Corp.’

Morning Media Newsfeed: AJA Countersues Gore | Time Inc. Guild Talks Break Down

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Al Jazeera America Countersuing Al Gore (TVNewser)
It looks like Al Jazeera America isn’t taking the lawsuit levied by former Vice President Al Gore lying down. The company countersued Gore and Joel Hyatt Friday. The Associated Press The parties are fighting over money that is being held in escrow. The former vice president and Hyatt, the founder of Hyatt Legal Services, sued the network last month saying that it was improperly withholding tens of millions of dollars placed in escrow when Al Jazeera bought Current TV for $500 million. THR / Hollywood, Esq. According to Gore and Hyatt, Al Jazeera squandered those favorable distribution rights by making an “ill-advised, one-sided” agreement with Time Warner Cable, which set off “most favored nation” obligations to other distributors. According to Al Jazeera, it’s Gore and Hyatt who shoulder the blame — and responsibility — for what later happened by failing to get TWC on board in the first place. New York Post Friday’s countersuit insists that AJA, as Current TV’s buyer, did not “make phony claims” but had a “contractual right to be indemnified.” “Al Jazeera America rightfully seeks compensation from an escrow fund that was established solely and specifically to protect Al Jazeera against any harm resulting from these inaccurate representations,” the countersuit claimed. In the countersuit, Al Jazeera stated it made five claims on the escrow money, relating mostly to disagreements it had with distributors following the sale. Variety The purchase price was reportedly $500 million, and, although that figure also was redacted from Al Jazeera’s filing, the company noted that Gore is “reported to have made between $70 and $100 million from the sale.” Gore and Hyatt contend that they initially harbored “serious reservations” about selling the network to Al Jazeera, but decided to entertain the idea of such a sale after performing due diligence and consulting with former senior U.S. government officials.

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Revolving Door: Hearst Magazines Names VPs, Atlantic Adds to Event Team

Some revolving door news today: Hearst Magazines has appointed two new vice presidents, and The Atlantic has added to its AtlanticLive team. Details are below.

  • Hearst has named Eliot Kaplan and Ellen Payne vice presidents of Hearst Magazines. Kaplan has been with Hearst since 1999, most recently serving as executive director of talent acquisition. Payne has been with Hearst since 1997, most recently serving as director of editorial operations.
  • Lauren Evans is joining The Atlantic’s AtlanticLIVE event team as associate director of business development. Evans comes to the Atlantic from

    The Wall Street Journal, where she had been for the past six years.

George R. Hearst Jr., Chairman of Hearst Corp., Dies

George R. Hearst Jr., chairman of the board of Hearst Corporation, has died. He was 84 years old. The San Francisco Chronicle reports that he died due to complications after a stroke. George Hearst was the grandson of William Randolph Hearst. He had been chairman of Hearst’s board since 1996.

“George was an enthusiastic supporter of the corporation’s growth and diversification strategies,” said Frank Bennack Jr., CEO of Hearst Corp., in a statement. “As chairman of the board, he brought his vast experience and wisdom to bear during a time of incredible growth and helped guide us through periods of enormous change. Although always calling every situation as he saw it, George was the most supportive and steadfast chairman a CEO could possibly have. He will be greatly missed by everyone who had the pleasure of working with him.”

Services for George Hearst will be private.

Watch a Test Drive of the ‘Netflix for Magazines’ App Next Issue

Next Issue, which has been described as “Netflix for magazines,” is a partnership between five major magazine publishers that aims to make reading magazines on your tablet easier by bundling together digital subscriptions for titles like Vanity Fair, The New Yorker, and Sports Illustrated.

In the pilot episode of mediabistroTV’s “App Slap,” we take the Next Issue app for a test drive.

For more videos, check out our YouTube channel and follow us on Twitter: @mediabistroTV

Hearst Corporation Completes Hachette Filipacchi Media Acquisition

Hearst Corp. has announced that the acquisition of the magazines owned by Hachette Filipacchi Media is now complete. Lagardère brands published in Italy, Spain, Japan, Netherlands, Hong Kong, Mexico, Taiwan, Canada and Germany, are part of Hearst’s portfolio as well. Brands published in Russia, Ukaraine and China are expected to be ushered under Hearst’s wing later this year. The price tag? About $919 million.

The much discussed deal puts Hearst in charge of over 300 titles, including 13 editions of the powerhouse Elle. Frank Bennack Jr. issued the following statement:

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Deborah Burns Makes Her Exit From HFMUS

After 26 years at the NYC-based magazine publisher, Deborah Burns has been shown the door at Hachette Filpacchi Media U.S. Burns had served as SVP for the now shuttered Metropolitan Home and Elle Decor.  According to a Mediaweek report, former HFMUS CEO Alain Lemarchand created an SVP and chief innovation officer position for Burns and tasked her with discovering new revenue sources.  Just months after replacing Lemarchand in September, Steve Parr has now dismissed Burns and rid the company of her position.

Burns will be joined by Hachette’s digital chief Todd Anderman who is leaving to become chief media and revenue office at mobile advertising company Jumptap.  Both former HFMUS staffers are set to depart from the company in January.

Although it may not have been in the manner that she prefers, Burns may be getting an early jump from a sinking ship.  Hachette is rumored to be in talks with Hearst Corp. in an effort to sell the company in a deal that would prompt further executive changes.  Lagardère Active, HFMUS’S French parent company, has been trying to cut costs and is searching for buyers interested in their media properties outside of France.

Vice Pairs WIth CNN.com|Praise For CNN|Times Covers Its Own Pay Wall Announcement|Hearst Hurts After MediaNews Ch. 11

FishbowlLA: Vice magazine has hooked up with CNN.com.

DailyBeast: Speaking of CNN, here is some praise for their recent coverage of Haiti and the Massachusetts Senate race.

New York Times: The New York Times aggregates some reactions to its own announcement of pay wall plans. And David Carr has his own take.

Reflections of a Newsosaur: Hearst Corp. may be the hardest hit by the recent MediaNews bankruptcy filing.

Popular Mechanics Pairs With Old Navy To Spread Brand Awareness

lrg_cover.jpgOld Navy and Hearst Corp. are teaming up to celebrate over 100 years of Popular Mechanics covers by putting some of their favorites on the popular store’s T-shirts for kids. The shirts will be available this month.

Popular Mechanics is also offering a contest for kids to get them interested in the century-old magazine, asking them to come up with the best interpretation of a PM cover with the theme “Kids Can Do Great Things.” The winner will receive $500 and, of course, have his or her design featured in the August issue of Popular Mechanics and mass-produced and sold at Old Navy, making the two companies well over $500 in profit. But hey, that’s the beauty of crowdsourcing.

Press release below.

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Hearst Promotes Sophia Stuart To Lead Digital For International Unit

sophia.jpg

No doubt about it, Hearst Corp. has been busy hiring, promoting and bringing on new people. Abigail Pesta moved from deputy director to editor-at-large for Marie Claire last month, four executives joined the board of directors in October and former investment banker Mitchell Scherzer was appointed as a new VP and CFO of the company in early November.

So it’s no surprise that the company, which did make some cuts this year along with everyone else, is continuing to hire from within. Today, Hearst announced that Sophia Stuart — who most recently worked as executive director for mobile content for Hearst Magazines Digital Media — would be moving on up to executive director of digital content for Hearst Magazines International.

Says Stuart, “I have enjoyed my time working with Hearst’s domestic magazine brands on mobile expansion, and look forward to working with [HMI's president and CEO Duncan Edwards] and his team to bring new ideas and relationships to our many magazine partnerships internationally. There’s enormous potential in the digital space and I hope to be able to leverage those opportunities.”

Full press release after the jump.

Previously: Hearst Names Investment Banker New CFO, We Hear: Layoffs at Good Housekeeping, Hearst To Cut Permalancers

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Harper’s Bazaar Turns To 13-Year-Old For Fashion Advice

Tavi Gevinson is a 13-year-old fashion blogger poised to take on the age statute of fashion-forwardness. She was Fashion Week’s big celebrity in the front row this fall, and she’s managed to convince the world of designers and A-listers that even though she’s in middle school, she knows what women twice her age should be wearing this season with her blog Style Rookie.

And now Gevinson has a column in Harper’s Bazaar‘s January issue. And while the magazine’s publisher Hearst Corp. is no stranger to young fashionistas (ahem, Lydia and Amanda), we have to wonder, is this a legitimate trend piece or just a gimmick to boost Bazaar‘s sales? And will women seriously take a 13-year-old’s advice on fashion during a time when most the women reading Harper‘s have a daughter her age?

Read More: Tavi Gevinson’s TakeHarper’s Bazaar

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