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Posts Tagged ‘NBC News’

Morning Media Newsfeed: Forbes Sells Majority Stake | Kindle Unlimited Unveiled

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Forbes Media Sells Majority Stake to Hong Kong Investor Group (FishbowlNY)
In the past six years, Forbes has expanded its international publishing reach from nine licensed local editions to 36. Content is now consumed in 63 countries, in 21 different languages. Friday, the company solidified its international reach with the announcement that a majority stake has been sold to a group of Asian investors. NYT / DealBook The terms were not disclosed, but the transaction values Forbes Media at $475 million, said a person close to the deal. Forbes’ new controlling shareholders will be Integrated Whale Media Investments, a group that includes the Hong Kong investor Tak Cheung Yam and Wayne Hsieh, the Singaporean co-founder of AsusTek Computer. Forbes The Forbes family will retain a significant ownership stake, will stay actively involved in Forbes Media and will work with the investor group to further increase market share of the existing Forbes Media product lines in media, digital, technology, as well as brand extensions. Upon closing, Elevation Partners will fully exit its investment in Forbes Media. Mashable In a statement, the family and its new majority owners framed the deal as a way to ensure Forbes‘ brand and journalistic operations continue to expand. “Our partners respect our brand and values, and support our longstanding mission of championing entrepreneurship and free market capitalism through quality, independent business journalism,” Steve Forbes said in a statement. Capital New York Forbes Media will remain headquartered in the U.S., and there will be no change at the top — Steve Forbes will continue as chairman and editor-in-chief, and Mike Perlis will remain CEO. The company reported that it made a profit in 2013; the company projected a revenue of $144.6 million for the year, according to a report.

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Morning Media Newsfeed: Microsoft to Cut 18,000 Jobs | Aereo Faces Setback

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Microsoft to Lay Off 18,000 Workers, Largest Cuts in History (SocialTimes)
Over the next year, Microsoft is eliminating 18,000 jobs, or as much as 14 percent of its workforce. CEO Satya Nadella wrote a public email to company employees on Thursday saying “every team across Microsoft must find ways to simplify and move faster, more efficiently.” He said that he would give more details on Tuesday, when Microsoft reports its fiscal 2014 results. Deadline Hollywood The layoffs will hit hardest at the Nokia Devices and Services phone handset business, acquired in April. “We are moving now to start reducing the first 13,000 positions, and the vast majority of employees whose jobs will be eliminated will be notified over the next six months,” Nadella said in the email Thursday. Microsoft expects the restructuring to result in as much as $1.6 billion in pre-tax charges over the next four quarters. That will include as much as $800 million for severance and related benefit costs, and up to $800 million in asset-related charges. Variety Microsoft is also getting out of developing original series for its Xbox gaming platform and will close Xbox Entertainment Studios in the coming months. Xbox chief Phil Spencer announced Xbox Entertainment Studios will shutter and that some projects in development and production, including a live-action Halo series, will still be produced. New York Post / Reuters The studio, set up in 2012 under then-CEO Steve Ballmer, said in April it had committed to several projects including Humans, a drama co-produced with U.K. broadcaster Channel 4, and Halo. NYT While Microsoft still makes profits that executives at other companies would be ecstatic to have, it has been beaten on the biggest new trends in tech, including mobile, Internet search and cloud computing. As a result, it is regularly left out of conversations about companies defining the next generation of technology, outflanked and overshadowed by companies like Apple, Google, Facebook and Amazon.

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Morning Media Newsfeed: News Crews Witness Airstrike | Time Warner Stock Surges

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NBC News Crew Witnesses Gaza Airstrike (TVNewser)
NBC News correspondent Ayman Mohyeldin and his crew witnessed an Israeli airstrike that killed four children at a port in Gaza Wednesday. Mohyeldin, who was also caught in the crossfire as Israeli soldiers fired rubber bullets on crowds in East Jerusalem earlier this month, called in to the West Coast edition of Today to describe what he saw, saying it was “a chaotic scene.” TVNewser Hours later, it was chief foreign correspondent Richard Engel who reported the story for Nightly News. FishbowlDC On Wednesday afternoon’s The Lead With Jake Tapper, the CNN host spoke over the phone with the Wall Street Journal’s Middle East correspondent Nick Casey for what proved to be a very intense interview. Casey was located near where the strike took place. Mashable The four children were killed by Israeli airstrikes that hit in close proximity to al-Deira Hotel, a Gaza City hotel full of foreign journalists. The attack came at around 4 p.m. local time and appeared to be the result of a naval shell. At least two additional children were injured, according to local reports. THR The BBC has defended its coverage of the latest Israeli air strikes in Gaza among accusations that the British public broadcaster is too pro-Israeli in its reporting on the region’s escalating conflict. The conflict has been the subject of extensive BBC news coverage, but a prominent pro-Palestine group claims the broadcaster’s programs have been systematically “entirely devoid of context or background.” The Palestine Solidarity Campaign posted an online open letter to BBC director general Tony Hall criticizing the broadcaster for not illustrating what it considers key aspects of the conflict.

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Morning Media Newsfeed: Vargas Detained, Released | Abramson Books Two Interviews

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Jose Antonio Vargas Released From Federal Custody in Texas (TVNewser)
Jose Antonio Vargas, the Pulitzer Prize-winning journalist who was the focus of the recent CNN documentary Documented, was released from the custody of U.S. Border Patrol agents Tuesday evening. FishbowlDC Vargas was detained in McAllen, Texas Tuesday, days after speculating that he may be stuck in the border town. On Friday, Vargas wrote an essay for Politico, where he described his visit to a children’s shelter for Central American refugees. FishbowlNY Vargas was leaving the town to go to a screening of his film in Los Angeles when he was arrested. He was brought to a border patrol station for questioning. Supporters and members of the media gathered across the street, and were warned that if they approached the station any closer, they would also be arrested. HuffPost Vargas flew to the border last week to interview and film undocumented immigrants who have fled their home countries in Central America due to escalating violence. A TSA agent at the McAllen-Miller Airport initially cleared Vargas’ Philippines-issued passport when he attempted to board a flight Tuesday morning. He was placed into custody soon after, however, when he couldn’t produce a U.S. visa at the request of a border patrol agent. Politico / Dylan Byers on Media Vargas, who won a Pulitzer as part of a Washington Post team in 2008, has become an outspoken advocate for undocumented immigrants after “coming out” as undocumented in a New York Times story in 2011.

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Morning Media Newsfeed: USA Loss Draws 22 Million | WSJ Cuts Newsroom Staff

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21.6 Million Watch USA-Belgium Match on ESPN, Univision (TVNewser)
Between ESPN and Univision, 21.6 million viewers watched Tuesday’s USA-Belgium World Cup match — 16.5 million on ESPN and another 5.1 million on Univision. New York Post The broadcast’s workday time slot meant ESPN’s coverage of USA-Belgium was only the second most watched World Cup game so far. ESPN said the viewership of Tuesday’s nailbiter failed to top the USA-Portugal game, which drew 18.22 million viewers. That game aired on a Sunday evening. Deadline Hollywood While not the record-breaking 10.4 million who tuned in for Mexico’s loss on June 29 to the Netherlands nor the 6.5 million who saw Portugal tie Team USA, Tuesday’s Univision viewership was better than the 3.4 million who watched America’s 1-0 loss to Germany on June 26. Online, Univision Digital saw a record-breaking 1.8 million unique viewers watch Tuesday’s game. AllFacebook The Facebook Data Science Team reported that the match yielded 21 million interactions (posts, comments and likes) from 13 million users globally, including more than 6.5 million interactions from some 4.1 million U.S. users. Variety For the World Cup through the Round of 16, ESPN and ABC averaged 4.08 million viewers — a record audience for the tournament, up 44 percent from 2010 (2.84 million) and 122 percent from 2006 (1.84 million).

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Morning Media Newsfeed: Google Buys Songza | MSNBC Holds Second Place

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Google in Deal for Songza, A Music Playlist Service (NYT)
In a sign of growing consolidation in the digital music business, Google announced on Tuesday that it had bought Songza, a three-year-old app that competes with Pandora and others in making customized playlists of recommended songs. Re/code The New York Post reported in June that the deal could be worth $15 million. Unlike some acquired startups, Songza won’t be shutting down. Its team will be joining Google in New York and helping with contextual recommendation features for Google Play and possibly YouTube down the line. GigaOM Songza offers custom curated playlists based on categories like genre, mood, decade and activity (“Drinking at A Dive Bar,” “’60s International,” etc.) and offers song suggestions based on the time of day and week. The service is free and songs aren’t interrupted by ads. THR The acquisition comes on the heels of Apple’s deal to purchase Beats Electronics and its streaming music service for $3 billion. Amazon also has jumped into the music streaming market with the launch of the Prime Music service, which comes as part of its $99 annual Prime subscription. The move appears to be part of Google’s plans to compete in this increasingly crowded music-streaming space, which is already dominated by Spotify. Variety Google said it plans to use Songza to make its Play Music service more attractive. The Songza purchase also comes as marketers are spending more on online and mobile radio services in the U.S. Ad sales generated $1.65 billion in the U.S. last year, a gain of 26.3 percent, according to digital research group eMarketer. That’s expected to increase another 23 percent to $2 billion this year.

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Morning Media Newsfeed: USA-Portugal Hits Highs | Isikoff Joins Yahoo! News

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18.2 Million Watch USA vs. Portugal, Most-Watched Soccer Match Ever on U.S. TV (TVNewser)
An average of 18.22 million viewers watched the USA tie Portugal (2-2) in World Cup action late Sunday afternoon on ESPN. That’s the most-watched soccer match ever on American TV and surpasses the previous high of 17,975,000 viewers for the 1999 Women’s World Cup final (USA vs. China) on ABC. TVSpy 1.3 million watched on the WatchESPN app. Washington, D.C., led all markets for the telecast with a 13.3 rating. AllFacebook The game resulted in approximately 20 million interactions (posts, comments and likes) by some 10 million Facebook users, according to the Facebook Data Science Team. In the U.S. alone, more than 4 million Facebook users were responsible for more than 7 million interactions related to the match. Financial Times An average of 24.7 million viewers watched Sunday’s performance on either ESPN or Univision, the Spanish-language network whose best football ratings have in the past often been for Mexico matches. Mashable Not only was that an all-time record for a soccer match, it also beat the average viewership for the 2013 World Series by 10 million viewers.

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Morning Media Newsfeed: Casey Kasem Dies at 82 | FCC to Investigate Netflix Dispute

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Casey Kasem, Wholesome Voice of Pop Radio, Dies at 82 (NYT)
Casey Kasem, a disc jockey who never claimed to love rock ’n’ roll but who built a long and lucrative career from it, creating and hosting one of radio’s most popular syndicated pop music shows, American Top 40, died on Sunday in a hospital in Gig Harbor, Wash. He was 82. Mashable Kasem had Parkinson’s disease and dementia. His children took him off life support in a Washington hospice this week. HuffPost Kasem will be remembered as the “the king of countdowns.” He was best known for his work on American Top 40, which he hosted from 1970 to 1988, and again from 1998 until 2004, when he passed the job on to Ryan Seacrest. Kasem was also a talented voice-over artist, most famously voicing Scooby-Doo’s pal, Shaggy. THR Kasem said he wanted to be the “voice of the guy next door,” and his style was to accent the positive, considering each one of the hits a major accomplishment for each act involved. He never focused on the negative, such as a big drop-off for a particular song, and remained family-friendly. His shows also tugged at the heartstrings with such elements as “Long Distance Dedications.” Variety Kemal Amin Kasem was born in Detroit to parents who were Lebanese Druze immigrants. He graduated from Wayne State University. Kasem got his start in radio during the Korean War, working for Armed Forces Radio. Kasem was inducted into the National Association of Broadcasters Hall of Fame in 1985 and the National Radio Hall of Fame in 1992.

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Morning Media Newsfeed: Prometheus Buys Mediabistro | FNC Books Clinton | Fox’s Reilly to Step Down

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Prometheus Global Media to Acquire Mediabistro (FishbowlNY)
Thursday morning, Mediabistro announced that it has entered into a definitive agreement to sell its editorial and e-commerce assets to PGM-MB Holdings, LLC, a wholly-owned subsidiary of Prometheus Global Media, for $8 million cash. FishbowlDC As part of the deal, PrometheusGM will add to its portfolio mediabistro.com and editorial sites including FishbowlDC, FishbowlNY, TVNewser and PRNewser, as well as the Mediabistro Job Board, and Mediabistro’s education business. THR Prometheus Global Media is the parent company of The Hollywood Reporter, Billboard and Adweek magazines. Mashable The deal still needs shareholder approval, which could happen by mid-July. The tradeshow portion of the company will remain with Mediabistro CEO Alan Meckler under a new company — Mecklermedia. The company’s 3D printing and bitcoin assets are also not a part of the deal. The site gained a following in media circles, particularly in New York and Washington, D.C., thanks in part to its job board and professional skill development courses. The acquisition provides Prometheus with a new cadre of editorial pieces that fit with the company’s other focused media assets. Prometheus also runs the Clio Awards for advertising and the movie event company Film Expo Group. Poynter / MediaWire Mediabistro alums include Brian Stelter, who wrote for TVNewser and now hosts Reliable Sources at CNN, and Patrick Gavin, who worked for FishbowlDC. In 2007, Laurel Touby sold Mediabistro.com for $23 million.

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Morning Media Newsfeed: WaPo Finds New HQ | Journo Killed in Ukraine | FCC Plan Advances

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Washington Post Publisher Announces Newsroom Move to One Franklin Square (FishbowlDC)
Washington Post publisher Katharine Weymouth announced in a memo to staff the paper’s relocation to One Franklin Square. HuffPost One Franklin Square is located in downtown Washington, D.C. Weymouth said that the move is set for 2016 and the new location is expected to be “a more efficient and collaborative space.” Poynter / MediaWire The new digs are about three blocks from the news organization’s current location. The Washington Post / Digger The selection of the building followed a real estate hunt that began in February of last year before Jeff Bezos, founder of Amazon.com, acquired the newspaper in October. Washington Business Journal / Breaking Ground The Post signed a long-term lease with Hines Interests LP for the space in the West Tower of 1301 K Street NW. The Post has been working on a deal with Hines for some time now.

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