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Posts Tagged ‘Michael Wolff’

Michael Wolff: NY Times Should Buy CNN

CNN304x200Michael Wolff has an interesting take on who/what should buy CNN should it ever be up for sale: The New York Times. Well, Wolff wrote that the “most obvious buyer is CBS,” but his runner-up is the Gray Lady.

Before you laugh this off, it’s actually an interesting idea. Wolff says the partnership would benefit both brands. The Times would gain the much needed ad dollars that come with TV. Meanwhile, CNN will finally be seen as a respectable news company if it has to maintain the standards set by the Times.

“In that combination, news, increasingly devolving from platform specificity, takes a major leap forward by creating a quality news company widely distributing its product through all outlets,” explained Wolff. “Television can’t do quality news, but it has great profits. Print still has high news standards, but ever-dwindling profits — so voila!”

Voila! Now let’s make this happen.

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Michael Wolff: Time Inc. Brands Attractive to Buyers [Updated]

magazines_articleWriting in USA Today, Michael Wolffwho typically hates everything — finds a few things to love. Namely, Time Inc.’s magazines. He says that many of the company’s brands are attractive to buyers, who still see the value in print.

“While the huffers and puffers tell each other that digital media — with pitiful revenue and significant losses — is the future, print, even as a shadow of its former self, throws off major dough,” explains Wolff.

A snippet of which magazines would go where: Sunset and Southern Living to Meredith; InStyle to Hearst or Condé; Entertainment Weekly to The Hollywood Reporter; Sports Illustrated to ESPN; and Fortune to The Wall Street Journal. As for Time, Wolff claims that it “probably doesn’t have a happy fate.” People would end up a standalone business.

“Print is the hopeless past, but one left with enough cash flow to be somebody’s excellent future,” writes Wolff.

Update (9:38 am):
Edmund Lee, a media reporter for Bloomberg, tweeted the following in response to Wolff’s column: “@MichaelWolffNYC gets some facts wrong on @Time_Inc (PeopleMag had $636m in sales, not $1B) Casts doubt on other $.”

Michael Wolff: Abramson Ouster Due to ‘The Most Elemental Reason’

Good video at the USA Today end from Michael Wolff.

The never-shy media critic offers one of the most succinct summaries we’ve heard yet of why Jill Abramson was let go. He also explains why he thinks the move was abrupt “for a reason.”

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Morning Media Newsfeed: García Márquez Dead at 87 | Whoopi Gets New Gig | Wallace Re-Signs

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Gabriel García Márquez, Nobel Laureate, Dies at 87 (GalleyCat)
Colombian author Gabriel García Márquez passed away Thursday. He was 87 years old. Time The Nobel Prize-winning author was hospitalized for nine days in late March for an infection in his lungs and urinary tract. He had been recovering in his home in Mexico City since April 8. NYT His death was confirmed by Cristóbal Pera, his former editor at Random House. García Márquez, who received the Nobel Prize for Literature in 1982, wrote fiction rooted in a mythical Latin American landscape of his own creation, but his appeal was universal. His books were translated into dozens of languages. He was among a select roster of canonical writers — Dickens, Tolstoy and Hemingway among them — who were embraced both by critics and a mass audience. The Guardian Journalists gathered outside García Márquez’s house in Mexico City in the hope that one of the family members who was reportedly at his side would emerge. Mexican president Enrique Peña Nieto expressed sadness at the death of “one of the greatest writers of our time,” in the name of Mexico, the novelist’s adopted home. Chilean writer Luis Sepúlveda was quoted by the Mexican newspaper Reforma as saying that he was “the most important writer in Spanish of the 20th century.” WSJ Born in the sleepy town of Aracataca, Colombia, García Márquez was best known for his 1967 masterpiece, One Hundred Years of Solitude. In a career spanning more than 60 years, García Márquez wrote some of the Spanish language’s most revered books, many of which became best sellers in the U.S. They included Autumn of The Patriarch, Chronicle of A Death Foretold, Love in The Time of Cholera and The General in His Labyrinth. García Márquez was also an accomplished journalist, whose lyrical, deeply reported stories first caught the eye of readers in Colombia’s capital, Bogotá, in the early 1950s. He later became renowned not only his profiles of presidents and despots but for the real-life close ties he cultivated with leaders ranging from Fidel Castro to Bill Clinton to François Mitterrand.

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Michael Wolff and The Guardian Part Ways

Michael Wolff GMichael Wolff is no longer a columnist for The Guardian. According to Capital New York, the Guardian has ended its contract with Wolff, with no specific reason given for the separation.

Wolff had penned his weekly column for the paper since 2012.

“It has been a longstanding and productive relationship for which we are grateful,” a Guardian spokesperson told Capital. When prodded for the reason the column was cut, the spokesperson added, “It’s time to go our separate ways.”

Wolff is still a Vanity Fair contributing editor and a columnist for British GQ and USA Today, so don’t worry — there’s still plenty of places where Wolff can be grumpy.

Michael Wolff Hates Everything, Volume 7,459

As anyone who follows the media beat knows, Michael Wolff pretty much hates everything, and that’s what makes him sort of fun. He’ll pan anyone and everything having to do with media, no matter who they are or how successful a company has been in the past. Nothing matters, because everything is terrible. Wolff is so grumpy that if given the chance, he’d pen a 2,500 word column on the downfall of ice cream. “The cone strategy is flawed! Sprinkles don’t resonate with today’s youth!”

The latest display of Wolff’s all world hate happened during a talk with Hearst Magazines’ president, David Carey. Here are just some of the people and companies that Wolff blasted, via Digiday:

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Henry Blodget Corrects Michael Wolff

Consider this a very enlightening episode of new media vs. old(er) media.

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Following the publication of Michael Wolff‘s latest op-ed in USA Today, Henry Blodget tried to get the paper to correct several factual errors. He writes that Wolff/USA Today did not contact Business Insider prior to the publication of the piece, but that’s pretty common when the template is op-ed rather than investigative feature journalism.

Faced with a lack of USA Today correction cooperation, Blodget went ahead and noted the Wolff article mistakes at his end. Our favorite correction:

USA Today says that we recently tried to sell our company for $100 million. This is wrong. We were lucky enough to be approached by a company that was kind enough to express interest in buying us and ask what we might be willing to sell for. As nutty as it may sound, this number was significantly higher than $100 million.

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Michael Wolff: Business Insider Should Sell Now

BusinessInsiderLogoMichael Wolff has an opinion on pretty much everything. Does that make him right? No. Does his take matter more than someone else’s? Not really, my friend. But because he talks/writes a lot about media, we end up paying attention. Wolff’s latest target is Business Insider, the business and technology site edited by Henry Blodget. Wolff says it’s time for BI to sell. Before it’s too late.

According to Wolff, BI wants $100 million in cash, and that’s just not going to happen. He says BI should sell for less and do it now, because relying on digital ad dollars to support a business isn’t a good idea:

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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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Michael Wolff’s Daughter is Now an Editor-in-Chief

We honestly can’t get enough of these sorts of career trajectories. Mainly because they remind just how critical it can be for aspiring journalists and college students to get their foot in the right door, even when dad is someone famously well-connected.

Susanna Wolff started out at collegehumor.com in 2007 as an intern while attending Columbia University. In 2010, post-grad, she became the articles editor. This month, she has taken over as editor-in-chief. Her predecessor Streeter Seidell is shifting over to an editor-at-large capacity so he can more effectively pursue other his creative endeavors. From today’s announcement:

Over the years, Wolff has written more than 500 articles for College Humor, including the hit article “Facebook News Feed History of the World,” in which she translated the entire history of the world into the style of Facebook News Feeds…

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