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Morning Media Newsfeed: Yahoo! Eyes Tumblr | Post Buys Out Veterans | Miami Herald Moves

By James Crugnale on May 17, 2013 8:28 AM

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Yahoo! in Talks to Acquire Tumblr: Deal Could Reach As High As $1 Billion (Adweek)
Is Marissa Mayer about to make a game-changing acquisition? It appears so. Yahoo! is in serious talks with Tumblr to acquire the social blogging site, according to multiple sources familiar with the talks. While its revenue is modest, Tumblr has positioned itself as one of the few players in the digital ad world that is well-suited for brand advertising. And Tumblr is also the domain of the young, cool and creative crowd — not currently a Yahoo! sweet spot. AllThingsD Earlier this week, Yahoo! CFO Ken Goldman spoke at JPMorgan’s Global Technology conference and underscored the need for the aging Silicon Valley Internet giant to attract more users from the coveted 18-to-24-years-old age bracket. Along with more marketing, he explicitly said Yahoo! needed to be “cool again.” The Verge Since taking control of Yahoo!, Mayer has pursued a string of acquisitions, including Summly, Astrid, Jybe and others. In addition to the failed Dailymotion acquisition, the company has also been rumored to be looking at Hulu, although Mayer has previously said that the company is shopping for smaller targets valued in the $100 million range. Read more

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Morning Media Newsfeed: Village Voice Turmoil | NY Post Buyouts | Say Media Layoffs

By James Crugnale on May 10, 2013 8:27 AM

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Top Editors Abruptly Leave Village Voice Over Staff Cuts (NYT)
The tumult that has characterized The Village Voice in recent years resurfaced on Thursday when the top two editors said they were leaving the weekly newspaper. Will Bourne, who became editor last November, and Jessica Lustig, the deputy editor since January, met with the staff at 11 a.m. on Thursday to announce their departure. In a phone interview, Bourne said that Christine Brennan, executive editor of Voice Media Group, had told them to lay off, or drastically reduce the roles of, five employees on the 20-person staff. Rather than carry out the cuts, he and Lustig resigned and left immediately, in the middle of closing next week’s paper. Gawker We hear that Michael Musto, the Village Voice‘s longtime society columnist and the last remaining vestige of the “classic” Voice, is one of the five Voice staffers targeted for layoffs — the proposed layoffs that caused the Voice‘s editors to quit today. Musto’s column, La Dolce Musto — a quirky mix of nightlife gossip, party talk, gay issues, and whatever the hell else has been happening in his life in the past week — has been running in the Voice for almost 30 years. NY Observer The downtown alt-weekly has been floundering of late. Last August, they had a significant round of layoffs and switched some full-time positions to part-time. Former editor-in-chief Tony Ortega left in September to focus full-time on debunking Scientology, prompting rumors the he was pushed out. Shortly after that, the newspaper chain underwent a corporate restructuring that separated the company’s papers from Backpage.com, the controversial and highly profitable adult online classifieds site that was a key source of revenue. FishbowlNY Bourne succeeded Ortega as editor of the Voice in late November. Read more