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Posts Tagged ‘Jay Penske’

New York Magazine Charts Finke-Penske Ups, Downs

BenjaminWallacePicAmong the many fascinating revelations in the New York magazine feature by Benjamin Wallace (pictured) about the evolution of Nikki Finke‘s relationship with Jay Penske is the way she helped her PMC boss drive down the acquisition price of Variety, the property that would eventually prove to be their Deadline Hollywood undoing:

Finke says she advised Penske on how to game the bidding by telling friendly reporters the other bidders were overpaying for it, in order to scare them off. Soon after a Los Angeles Times article to this effect was published, Ron Burkle dropped out.

[Editor's note: Burkle reportedly walked away after his substantially lower offer than Penske's eventual purchase price was rejected.]

Adding to the noteworthiness of this particular New York magazine passage is the fact that the LAT article in question appears to have been written by none other than Patrick Goldstein, author of a Los Angeles magazine profile of Finke and co. that went online last Thursday. In the portion of the Los Angeles magazine article where Goldstein discloses his personal relationships with trade players, he begins the summary of his Nikki dealings with, ‘Finke and I have been friendly for years.’ Apparently so.

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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.

Where Did All Those @Variety Twitter Followers Come From?

That’s a question that caught the attention of Hollywood trade watchers late Friday thanks to Ben Dreyfuss, engagement editor for Mother Jones. He noticed and shared that in late September, the follower count for Jay Penske‘s publishing concern had a “boffo” day.

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What may shock you even more is how cheap something like this is to pull off. Check out for example the prices from this instant-popularity purveyor; they suggest Variety‘s early fall surge could have cost as little as $500.

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Morning Media Newsfeed: FoxNews.com Defaced | Finke, Deadline Split | Ford Blames Reporters

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Fox News Website Defaced, ‘Internal Production Problem’ to Blame (The Verge)
Fox News’ website briefly appeared to be defaced Tuesday afternoon in what the network is calling an “internal production problem.” For several minutes, the site’s foremost story was changed to the headline “WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE,” with the blurb beneath it reading, “STUFF YO.” Another headline read, “HERE IS SOME STUFF FO YO,” but the website — aside from what were seemingly a few display glitches — was otherwise untouched. Even the headlines regarding zombies and Apple’s “Maverick Sea Lion” were actually old stories that had been resurfaced. NY Observer Fox News addressed the glitch on social media, tweeting, “As you may have seen, http://FoxNews.com is having issues. It’s an internal production problem and will be fixed soon. #FoxNews” AccessAtlanta.com / The Buzz “During routine website maintenance, a home page prototype was accidently moved to the actual site,” Fox News’ chief digital officer, Jeff Misenti, said in a statement. “As with any mistake in testing, engineers noticed the error and quickly brought the site back to its normal function.” FishbowlNY We take back all the mean things we’ve ever said about Fox News. “WEEEEEEEEEEEEEE” and the simplistic, yet startling accurate “STUFF YO” is some of the most concrete reporting we’ve seen on the site in quite awhile.

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The Nikki Finke-PMC Era is Officially Over

DeadlineHollywoodlogoIn a co-bylined post that few would have thought possible just a few months ago, Nikki Finke’s film and TV workhorses Mike Fleming Jr. and Nellie Andreeva announced at 9:26 p.m. ET tonight that their days of reporting to the volatile Finke are over:

Despite attempts by all to have it go otherwise, Nikki Finke will no longer be leading Deadline Hollywood, and she will not be writing weekend box office or filing stories going forward. This is an emotional and painful parting of the ways for us…

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Variety Recommits to Film Criticism

Not too long ago, Hollywood pundits were interpreting the hiring of New York-based Scott Foundas by Variety as a major sleight to the publication’s two other film critics, Justin Chang and Peter Debruge. Time to reverse that punditry.

Variety Studio At Chivas House - Day 1 - The 66th Annual Cannes Film Festival

Per an announcement in the trade today, Chang and Debruge have been raised to Foundas’ “chief” tier. Fellow chief film critic Chang will remain based in Los Angeles while chief international film critic Debruge will work from a Paris base:

“We are aggressively stepping up our efforts in film criticism, which has been a hallmark of Variety for many decades,” said Jay Penske, chief executive officer of parent Penske Media Corporation. “We will continue to be the dominant force in this significant arena as we expand our voice in every key territory overseas.”

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Twenty-Four Nikki Finke Hours That Shook the (Hollywood) World

In July 2009, after closing a deal to sell her Hollywood news website to Jay Penske‘s Mail.com Media Corp, Nikki Finke told LA Times reporter James Rainey that “she sometimes wished she didn’t have to sleep, so she could work 24 hours a day.” What a difference four years and a parent-company sideline purchase can make.

Finke told Defamer’s Beejoli Shah Thursday that she has “been inundated with administrative duties” and that Penske is forcing her to work “seven days a week.” She then added the coup-de-hyperbole-grace: “Penske somehow thinks he owns me like I’m his slave.”

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Morning Media Newsfeed: Schiller Joins Twitter | Finke Leaving Deadline | NYT Editor to Politico

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Vivian Schiller to Leave NBC News for Twitter (NYT)
In a bid to reinforce Twitter’s mutually beneficial relationships with the news industry, the social networking giant on Thursday appointed Vivian Schiller to a newly created position, head of news and journalism partnerships. Schiller, the chief digital officer for NBC News, will leave NBC and join Twitter in January. At Twitter, she will oversee partnerships with news organizations like NBC, NPR and The New York Times; she worked for all three organizations earlier in her career. Reuters “Excited to join @Twitter as Head of News in January. Leaving @NBCNews at year’s end. Grateful to my beloved colleagues for 2+ great years,” Schiller tweeted on Thursday. Schiller has been considered the front runner for the role meant to be a liaison between Twitter and news organizations. TheWrap In her new position, Schiller will help Twitter take on a more proactive and focused role in newsgathering and reporting. Though Twitter has become a near-essential tool for many reporters and a source of traffic to news sites in its relatively short life, it’s never had a central, dedicated team in place to reach out to newsrooms and articulate the platform’s strategy. TVNewser Schiller resigned from NPR in March 2011, following two controversies, including the very public firing from NPR of Fox News analyst Juan Williams. Prior to NPR, Schiller was a senior vice president of NYTimes.com and, before that, she spent four years as SVP of the Discovery Times Channel, a joint venture of The New York Times and Discovery Communications.

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A Tale of Two Lists: PMC vs. The Hollywood Reporter

This morning at 2:50 a.m. PT, Nikki Finke leveled a bunch of Miley Cyrus-like accusations at The Hollywood Reporter. Relying on data compiled by parent company PMC, she claimed that the bulkhead of THR‘s latest monthly uniques and page views connects to the Hollywood trade world’s equivalent of twerking at the VMAs.

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There’s only one problem. Her top-viewed September/October THR articles list (above) is completely different from the one shared in response by The Hollywood Reporter (see below). For example, Justin Bieber appears at both ends, but on the PMC list it’s articles about plastic surgery and the song “Believe” while THR lists a Batman vs. Superman-related post.

So who’s right? The logical assumption is that THR has a better handle on its own Web stats. But we also figured that PMC must be pretty sure about its methodology to tell Finke it was OK to publish this internal data.

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Source: Bonnie Fuller’s Hollywood Life on Course for First Profitable Year

In the PMC shadow of Nikki Finke, another 50-something media vet has been building a Web franchise. And today, Bonnie Fuller gets a nice profile piece in the Wall Street Journal by media reporter William Launder.

Hollywood Life launched in 2009. Towards the end of the WSJ article, Launder suggests it’s not just the comScore numbers that are looking good these days. If one particular source is to be believed, 2013 will be the PMC site’s first in-the-black operating year:

Hollywoodlife.com has begun to show financial promise. After losing a total of around $15 million since its launch, the site broke even in the first quarter, and is projected to earn around $1 million this year, according to a person familiar with the matter.

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Morning Media Newsfeed: Baldwin Show Greenlit | Finke Wants Out | NSA Secrets Revealed


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Alec Baldwin’s MSNBC Show Announced: Actor Will Host Up Late (HuffPost)
Alec Baldwin’s MSNBC deal is official, the network said Thursday. The actor will be hosting Up Late With Alec Baldwin at 10 p.m. Friday nights, starting October. The network confirmed the news on Twitter on Thursday. Baldwin will discuss current events and culture on the show. TVNewser “After two seasons of my WNYC podcast, I’ve developed a fondness for hosting a show that involved talking with smart, talented and engaging people in every imaginable field,” Baldwin said in a statement. “I’m grateful to MSNBC for helping me bring a similar show to television.” NYT The network said that Baldwin — most recently the star of the comedy 30 Rock on the news channel’s sister network NBC — would host a show where he would conduct interviews related to current events and culture. THR / The Live Feed Certainly Baldwin’s liberal politics are an organic fit for MSNBC, which has been making changes to its primetime and early prime lineup with the addition of Chris Hayes at 8 p.m. and Ed Schultz at 5 p.m. Baldwin is a frequent critic of conservatives and conservative media. He told THR some days he feels as if he were “born” to spit on Rupert Murdoch and his media empire, which includes the New York Post and Fox News. He also engages in frequent Twitter battles with detractors.

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