FishbowlDC TVNewser TVSpy LostRemote AgencySpy PRNewser GalleyCat SocialTimes

Posts Tagged ‘Mitch McConnell’

Mitch McConnell Lands Time Cover

Mitch McConnell’s time has come. Literally. The 30-year Senate veteran was reelected in Kentucky and because the Republicans will now control the Senate, he’s in line to be the next majority leader. That was enough to convince Time’s editors to put McConnell on the cover of its latest issue, which hits newsstands Friday.

For McConnell, this is a pretty great way to start the day. A Time cover and conservative rule in the Senate. For the rest of us, well, no worries! We can just move to Canada.

Mediabistro Course

Middle Grade Novel Writing

Middle Grade Novel WritingStarting January 15, work with a literary agent to write your middle-grade novel! In this course, you'll learn how to develop strong characters, write compelling dialogue, master the art of revision, and market your work to publishing houses and agents. Register now!

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

Click here to receive Mediabistro’s Morning Media Newsfeed via email.

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.

Read more

Morning Media Newsfeed: Twitter Files IPO | GOP Senators’ Hot Mic | RFK Photographer Dead


Click here to receive Mediabistro’s Morning Media Newsfeed via email.

Twitter Files to Raise $1 Billion, Company Not Profitable, Will Trade Under TWTR (GigaOM)
Twitter had revenue of $253 million in the first six months of 2013 but it was not profitable, according to its S-1 prospectus, which was made public late Thursday. The company filed the official IPO documents several weeks ago under the new JOBS Act, which allows companies with a market value of less than $1 billion to keep their filing hidden from public view for at least three weeks. The company said it plans to raise a maximum of $1 billion in the offering. NYT / Bits The company’s revenue, according to its newly filed prospectus, jumped to $317 million in 2012, almost triple its 2011 revenue of $106 million and more than 11 times its 2010 revenue of $28 million. Twitter narrowed its loss to $79 million last year, from $128 million in 2011. In 2010 it lost $67 million. About 85 percent of the company’s revenue comes from advertising, with the remainder coming from data licensing. AllThingsD Its symbol will be TWTR, but Twitter did not say where its stock would be traded. BuzzFeed / FWD Based on figures from the S-1, we calculated Twitter’s revenue per employee to see how the fledgling company compares with its peers. As it stands, it’s got a long way to go. Twitter makes less than $160K per employee. By comparison, Google makes more than $1 million. Twitter’s average revenue per employee is also less than Facebook, Yahoo!, and Zynga. TechCrunch Twitter lists a number of risk factors in the filing, noting that the business could be harmed if “influential users, such as world leaders, government officials, celebrities, athletes, journalists, sports teams, media outlets and brands or certain age demographics” conclude that an alternative product or service is more relevant; it is unable to convince potential new users of the value and usefulness of its products and services; or it is unable to combat spam or other hostile or inappropriate usage on the platform. AllThingsD Twitter has a growth problem. The company reported more than 215 million monthly active users in its S-1 Filing on Thursday. At the bare minimum, that means that as of June 30, the company has added on average only 15 million monthly active users since the company hit more than 200 million late last year. GalleyCat In the IPO, the company counted “one million third-party” websites that share tweets (including our GalleyCat feed in the lower right hand corner).

Read more

Slate Gets Way Too Into Predator

The 1987 film Predator starred Arnold Schwarzenegger and Jessie Ventura – two ‘actors’ that went on to become governors of their states.

Now another cast member of the film (former porn actor) Sonny Landham has announced his candidacy to vie for Senate Minority Leader Mitch McConnell‘s seat.

We think Slate is reading too much into the movie. It’s more of a coincidence than a pattern. Right?

Of course, if Carl Weathers usurps an incumbent LA County Board of Supervisor or something – we’ll stand corrected.