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Posts Tagged ‘Jeff Bezos’

Morning Media Newsfeed: Flipboard Buys Zite | BBC3 to Go Online-Only | Egypt Tries AJ Staff

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CNN Sells Zite to Flipboard (CNNMoney)
CNN has sold its news reader app, Zite, to Flipboard, a social magazine application. As part of the deal, Flipboard has also teamed up with CNN to launch custom magazines for CNN shows anchored by Fareed Zakaria, Jake Tapper and John King. The deal could be valued as high as $60 million over time, taking into account future advertising revenue, said a source familiar with the deal. TVNewser The sale occurred less than three years after CNN acquired Zite for $20 million. CNN and Flipboard’s partnership will allow CNN to expand its mobile reach and take advantage of Flipboard’s technology and mobile sales strategy. Re/code Zite itself will shut down, but CNN says most of its 20 employees will go to work for Flipboard. Zite CEO Mark Johnson will not be joining them. Forbes / Jeff Bercovici The deal merges two apps that let users aggregate news stories from all over into a single magazine-like experience. Of the two, Flipboard has been considerably more successful: It’s currently ranked No. 5 among free iPad news apps in Apple’s App Store, while Zite is No. 39. Flipboard will absorb the machine-learning technology that Zite uses to personalize news feeds for its users. Mashable The move also divests CNN of one of its most high-profile acquisitions while putting it in front of Flipboard’s users, which according to Johnson number more than 100 million.

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Right Now, Pierre Omidyar Knows Three Things About First Look Media

In the shadow of the Seahawks vs. the Broncos, another 2014 Super Battle is taking shape: Jeff Bezos vs. Pierre Omidyar.

Today’s memo to Washington Post staff from the paper’s executive editor Marty Baron is one of the best things you’ll read from within the guts of a print media outlet anywhere, anytime this year. It hints at the promise and potential we all envisioned upon first hearing about the most surprising and flush U.S. media acquisition of 2013.

Then there’s Omidyar’s heartening, hand-drawn-animation teaser for First Look Media. Released at the beginning of the week, it attaches to the Glenn Greenwald operation a comforting voice of patronage and – again – suggests that the money is going to be put where the media mouths should rightly belong.

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Jeff Bezos Named I Want Media’s ‘Media Person of The Year’

Jeff Bezos GJeff Bezos, founder of Amazon.com, has been named I Want Media’s Media Person of The Year. Bezos, who purchased The Washington Post in August for $250 million, beat out people like Twitter’s Jack Dorsey, and Anna Wintour.

Bezos won not only because he bought WaPo, but because of what might happen to the newspaper industry now that he’s involved:

Bezos shook up the traditional media landscape in 2013 with the announcement of his plan to buy the Washington Post, a leading newspaper for decades and a powerful force in shaping U.S. policy. The acquisition promised not just an ownership change for the 135-year-old institution, but a potential transformation of the ‘disrupted’ newspaper industry.

What does Bezos win for this honor? Just some bragging rights. Hey, it’s better than nothing. Sort of.

‘Media Person of The Year’ Finalists Unveiled

It’s almost the end of the year, and you know what that means: Lots of “best of/worst of” lists and many, many awards. One honor that typically grabs the attention of the media centric is I Want Media’s annual Media Person of The Year contest, which celebrates “2013′s most memorable figure — for good or ill — in the media industry.”

I Want Media has just opened up voting, so get to it. The polls will close Sunday, December 8, and the winner will be announced the next day. After you’re done logging your thoughts for I Want Media, we suggest you start considering who should win FishbowlNY’s Best Award Award. Voting for that is always close.

Below are the finalists for Media Person of The Year.

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Fortune Names Elon Musk Businessperson of The Year

Have you ever won an award? Of course you have. Everyone has, because there are awards for every possible thing you can imagine. The amount of awards completely robs them of their meaning, but it doesn’t matter — everyone likes getting awards/honors, so organizations and companies keep giving them out. Therefore, we imagine Elon Musk is slightly excited about being named Fortune’s 2013 Businessperson of The Year.

Musk, as you probably know, is the guy behind Tesla Motors and SpaceX. He definitely deserves the honor. Cool looking cars and space tourism are important. We think.

Anyway, you can read Fortune’s take on Musk here. Below is the full list of people considered for Businessperson of the Year.

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Newspaper Exec: Print Media Gave Away the Cheeseburger

MashableLogoThings sometimes have a funny way of working out on a media blog. This morning, we told you about the appointment of two new EICs at Fashionista. This afternoon, it’s time to highlight one of the final contributions to Mashable by Lauren Indvik, one of those capable incoming individuals.

Right now in the U.S., three of the most intriguing newspaper concerns are Robert Allbritton‘s Capital New York (to go along with Politico), Jeff BezosWashington Post and Aaron Kushner/Eric Spitz‘s Orange County Register. Indvik’s Q&A with Spitz covers some by-now familiar Register territory, although he starts off with an analogy that we had not previously heard:

“The key decisions [the newspaper industry] made — and they were the worst decisions anyone has made in my memory — they made 20 years or so ago. They took their core product, the news, and priced it at free.”

“If you are McDonald’s, you can give away straws, napkins, Wi-Fi and really nice TV sets that everybody can watch, but you can’t give away cheeseburgers.”

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Warren Buffett Didn’t Buy Washington Post Because He’s Considerate

Warren Buffett and his company — Berkshire Hathaway — have purchased plenty of newspapers over the past few years. And given that Buffett was once a paper boy for The Washington Post, many thought he might scoop it up, instead of Jeff Bezos. But Buffett passed on the paper.

He told Fortune that he didn’t buy WaPo because he knew no one else would want that dead weight dragging them down:

True, the company he heads, Berkshire Hathaway, was the largest shareholder of Washington Post Co; an owner of other newspapers: and a sort of natural buyer for the Post. But Buffett said that for him to have bought it for Berkshire would have saddled the next CEO (whoever that might be, taking office at an unknown date) with a metro newspaper that he or she possibly wouldn’t want. And to buy it personally, he added, would have at his death burdened his three children — Susie, Howard, and Peter Buffett — with the same kind of complex considerations.

Now wasn’t that nice of him?

Jay Rosen Gets More Details About Glenn Greenwald Venture

For Glenn Greenwald‘s quickly revealed billionaire backer Pierre Omidyar, it started in Honolulu and continued in Washington D.C.

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In a telephone conversation with NYU prof and journalism seer Jay Rosen, Omidyar explained how his experiences with the website Honolulu Civil Beat led to a failed attempt to buy WaPo and a successful attempt to commit to the next (other) big thing:

Omidyar said that his involvement in Civil Beat whetted his appetite to do something larger in news. “I have always been of the opinion that the right kind of journalism is a critical part of our democracy.” He said he had watched closely over the last 15 years as the business model in journalism collapsed but had not “found a way to engage directly.”

But then when the idea of buying the Washington Post came up he started to think about it more seriously. “It brings together some of my interests in civic engagement and building conversations and of course technology, but in a very creative way.”

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NYT Correspondent: A Watergate Scandal Would Never Be Uncovered by Journalists Today

MarkLeibovichThisTownIn recent years, as Ken Auletta discussed not too long ago on PBS NewsHour alongside David Carr, The Guardian has broken three massive, Woodward & Bernstein-like stories. But over in D.C., at least according to New York Times Magazine chief national correspondent Mark Leibovich, it’s a much sadder story.

Liebovich spoke on Wednesday to students at the University of Montana as part of the President’s Lectures Series. Per a report in the Montana Kaimin by Andrew Visscher, he says it all has to do with the rise of D.C. self-congratulation:

The media provides the fuel necessary for this new order of self-seeking politicians, Leibovich said. He claims a journalistic takedown like Watergate could never happen in modern times, where journalists are often more focused on Facebook statuses and Twitter followers.

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Readers Question Vanity Fair ‘Powers That Be’

It’s one of two lists put forth in the November issue of Vanity Fair under the annual heading of “The New Establishment.”

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The Powers That Be” ranks 25 “members of the power elite [who] demonstrate why they’re not going anywhere soon.” At press time, pretty much all readers who have taken the time to comment have a problem with the list, crowned by cover boy Jay Z and Beyoncé:

DentonFisk: Wow. What a dearth of talent! If this is the best the USA has to offer, we’re done. Most are celebrities for celebrity’s sake. These are the crypt keepers…

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