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Posts Tagged ‘Leo Hindery’

Magic Johnson Gets His Media Vibe On

It’s turning out to be a big week for sweeping, personality-driven LA media moves. Just a few days after Arianna Huffington announced the sale of The Huffington Post to AOL, former Lakers great Magic Johnson has partnered with Ron Burkle to invest in Vibe Holdings LLC, the parent company of Vibe Magazine, Vibe.com and the TV show Soul Train.

Bloomberg was first yesterday with the unconfirmed news, made official this morning via the Wall Street Journal. The companies of Johnson and Burkle are making an undisclosed eight-figure investment in Vibe Holdings, to be used mainly to acquire other African-American targeted media properties:

The investment comes about a year after Mr. Johnson aborted efforts to acquire Jet and Ebony magazines… A spokeswoman for the investors declined to comment on what properties the company might pursue next, saying only that its partners will target “brand name assets that speak to various demos in the multicultural segment.”

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Mediabistro Course

Children's Picture Book Writing

Children's Picture Book WritingStarting September 15, this part lecture, part workshop course will take you through the process of outlining, writing, editing, and submitting a children's picture book. Taught by a published children's book author, Dashka Slater will teach you how to write in pictures, hook readers and editors with your story, apply the nuts and bolts of marketing, and more. Register now! 

Journalism Online Offers Alternative To Pay Wall

journalism.jpg

With Newsweek NewsDay about to begin charging access to their online articles via a pay wall, we’re beginning to wonder if there is any other alternative for print publications to make money off the web. Obviously, ads aren’t cutting it, and if you aren’t charging readers access, then you’re giving your content away.

Journalism Online – a new media consulting agency formed by media gurus Steven Brill, Gordon Crovitz, and Leo Hindery, Jr – is offering what might be the best solution yet to this problem: In the next month or so, 10-15 publishers will roll out the media consulting site’s pay model, which involves a gradual, not abrupt, dip into the charging-for-content sector.

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Media Execs Take Paid Content Into Their Own Hands

pennies1.jpgA little less conversation a little more action! Perhaps that was part of the thinking behind Journalism Online, the new iTunes (ish) for media launch conceived by Steve Brill, Gordon Crovitz, and Leo Hindery.

The Times reports that the company “aims to supply publishers with ready-made tools to charge Internet fees…The company, which says it may have a product ready by the fall, says the advantages are that publishers would not have to develop their own systems and readers could use a single system for many different publications.”

The details are still being sorted, and no one has yet signed on, but the idea is that publishers will be able to choose how they want to make their content available, i.e. subscription, micro-payment, etc. And while the micropayment system has thus far been a great conversation topic, it’s not been lauded by media types as being all that practical. Still Journalism Online could provide a great testing ground for newspapers to explore what customers are willing to pay for (or not) when it comes to content.

A Rough Guide To Understanding Time Inc.’s Sale

time_strange_internet.jpgAfter a rough week for morale over at Time Inc., bids are due today for its Time4Media and Parenting groups of magazines. A quick recap and guide to sorting through what could become a confusing sale:

  • Last fall, Time Inc. announced it would sell its Time4Media and Parenting groups as part of a restructuring effort to downsize by roughly 1,000 jobs.
  • At the American Magazine Conference in Phoenix in October, Time Inc. CEO Ann Moore referred to its magazines as her “children” — 149 of them.
  • Russell Denson, former president of Gruner + Jahr, was in Phoenix as a potential bidder.
  • First rounds bids were due the same week.
  • Time Inc. announced the slashing of 289 jobs.
  • Second round bids were due today.
  • Folio: reports the groups could be sold seperately or to a total of three buyers, and that bids may be for significantly less than the $250 million Time Inc. had hoped: “I expect they’ll get $200 million for everything (Parenting and Time4Media combined) … They’ll probably get $100 million or even below for the Time4Media group.”
  • WWD says Time Inc. will “eventually narrow the field down to two to four serious bids of more than $200 million each.”
  • The bidders for whole or part include: Active Interest Media and Apprise Media; Bonnier; CurtCo; Denson; former Time Inc. executive vice president Jack Haire; Bono, Roger McNamee and Elevation Partners; Knot CEO David Liu; Falconhead Capital; and former Wenner Media executive Kent Brownridge.
  • Folio: also says InterMedia Partners, a private equity firm run by Leo Hindery, who founded the YES network, is the favorite in the Time4Media sweepstakes.

EARLIER:

  • Time Update: 289 Cuts; Atlanta, Chicago, L.A. Bureaus Shuttered; Ann Moore Encourages Employee Focus