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Posts Tagged ‘News Corp.’

Morning Media Newsfeed: Time Inc. to Relocate | Snowden Talks to NBC | FNC Anchor Arrested

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Time Inc. to Leave Time & Life Building (FishbowlNY)
Time Inc. is moving on. The company announced that it is moving its offices from the iconic Time & Life Building — where the publisher has been since 1959 — to Brookfield Place in Lower Manhattan. Politico / Dylan Byers on Media Time Inc. CEO Joe Ripp announced the news in an email to staff. The move will bring Time Inc. within a two-minute walk of the new Condé Nast offices at One World Trade. Deadline New York The company looked at options in New York and New Jersey. But Brookfield Place’s planned $250 million renovation — adding lots of upscale restaurants and shopping — plus “the incentive package we received from Governor Andrew Cuomo and Empire State Development drove our decision to stay in New York City,” Ripp said. Time Inc. has a long-term lease at 225 Liberty Street to occupy six floors and 700,000 square feet of office space. Variety The publishing company will ease into its new headquarters in late 2015. The relocation comes as parent company Time Warner is preparing to spin-off Time into a separate, publicly traded company on June 6. WSJ With the Time lease, Brookfield has leased about 3 million square feet of the 4.2 million square feet of Bank of America Corp.’s Merrill Lynch office space that expired in 2013.

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Morning Media Newsfeed: Apple to Buy Beats | Time Inc. Spin-off Set | House Questions Comcast Merger

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Apple in Talks for $3.2 Billion Beats Deal (Financial Times)
Apple is closing in on its largest ever acquisition with the planned $3.2 billion purchase of Beats Electronics, the headphone maker and music streaming operator founded by music producer Jimmy Iovine and the hip-hop star Dr. Dre. The deal could be announced as early as next week, people familiar with the negotiations said, but they cautioned that some details had yet to be agreed upon and talks could still fall apart. GigaOM While Beats Electronics is best known for its premium headphones, it launched a streaming music service, Beats Music, in January. According to the report, the streaming service would be included in the deal. Apple runs its own streaming music service, iTunes Radio. NYT / DealBook For Apple, whose revenue growth has slowed sharply in the last few years, the deal could point to a headlong move into the frontier of streaming music. iTunes Radio has been slow to enter the streaming world. At over $3 billion, the Beats acquisition would be a major departure for Apple, which under Steve Jobs favored smaller deals. CNET Beats Music debuted with a powerful billing and marketing partnership with AT&T and it has reportedly been growing quickly. Although the company has yet to disclose hard and fast subscriber numbers, industry estimates peg the total at about 200,000. The talks come as trends in music purchasing are shifting to subscription services. Data from the Recording Industry Association of America found that paid subscription services grew the fastest of all digital formats last year, rising to 57 percent, while revenues from permanent digital downloads that are iTunes’ specialty declined 1 percent. Mashable Apple has ramped up its pace of acquisitions in recent months. CEO Tim Cook has said in the past that he’s open to the idea of making 10-figure acquisitions. Apple stock was down by a little less than 0.5 percent in after-hours trading following the report.

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Morning Media Newsfeed: Jansing Promoted | CBS Crew Detained | News Corp. Buys Harlequin

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Chris Jansing Named Senior White House Correspondent for NBC News (TVNewser)
Changes are coming to NBC’s Washington bureau. NBC News president Deborah Turness has named Chris Jansing as the new senior white house correspondent and Peter Alexander as national correspondent. Politico / Dylan Byers on Media Jansing, who will report primarily for NBC Nightly News, will relocate from New York to Washington and will stop hosting her MSNBC show Jansing & Co. The network said her replacement will be announced in the coming weeks. Variety Both Jansing and Alexander will work as part of a unit that also comprises Chuck Todd, the NBC News political director and chief White House correspondent, and Kristen Welker, who will continue to report for NBC Nightly News and Today. HuffPost It will be the latest of a string of changes at that network, which has recently reshuffled its daytime lineup and added Ronan Farrow and Joy Reid to its roster. Deadline Hollywood Jansing joined NBC News in June 1998, and has also anchored Jansing & Co. on MSNBC since October 2010. She anchored MSNBC’s coverage of the terrorist attacks on Sept. 11 as the events unfolded, extensively covered several presidential campaigns for both NBC News and MSNBC and hosted a series of reports called Battleground America.

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News Corp. to Buy Romance Novel Publisher Harlequin

News Corp. is about to get a lot steamier. The company is buying Harlequin, the romance novel publisher owned by Torstar Corporation. News Corp. will then place Harlequin under the Harper Collins umbrella. The deal is expected to be for about $415 million in cash.

Harlequin’s titles are hilarious — Take Me Now, From Single Mom to Secret Heiress, A Cowboy’s Temptation and His Kind of Trouble are just a few of our favorites — but it’s a serious business.

Harlequin has published six billion books since it was founded in the late 40s and currently cranks out more than 110 titles per month. Those books are sold in 34 languages and on six continents. Of course Harlequin also has ebooks, apps and other digital products.

Robert Thomson, News Corp’s CEO, described Harlequin as “a perfect fit.”

Morning Media Newsfeed: FB Launches Newswire | Vice Reporter Freed | NYT Revenue Up

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Facebook Teams With Storyful to Launch FB Newswire for Journalists, Media Outlets (AllFacebook)
Facebook has become a virtual newsroom of sorts, with a recent study by the Pew Research Center’s Journalism Project finding that three out of 10 U.S. adults get at least some news while on Facebook and 78 percent of Facebook users see news while navigating the site. Now, the social network is aiming to become an invaluable resource for journalists and media organizations, announcing that it teamed up with social content discovery outfit Storyful to launch FB Newswire. TechCrunch FB Newswire promises to offer journalists a repository of verified, real-time content for use in covering breaking news stories. Storyful’s purpose was to verify news sources from social sites including Facebook, Twitter and Instagram, and the FB Newsroom version of its tech continues that mission, with the aim of making Facebook a more useful resource for journalists and news publications. GigaOM Storyful was acquired by News Corp. in December for $25 million. FB Newswire will highlight content that has been posted by users and media entities who are reporting on breaking news events around the world, and comes complete with an easy-to-use “embed” function. Mashable The agency will use an algorithm to find popular and breaking news stories on Facebook in categories like sports, entertainment, tech and politics. Facebook is also releasing a Twitter handle for the service, called @FBNewswire, along with the feed. Poynter / MediaWire The company recently hired Liz Heron from The Wall Street Journal to facilitate partnerships between Facebook and news organizations. The FB Newswire page will be publicly accessible but is “100 percent” aimed at journalists, Facebook director of news and global media partnerships Andy Mitchell said. “The format on the page will feel like a wire,” he said.

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Morning Media Newsfeed: Pulitzers Announced | Google Buys Drone Maker | Relativity Eyes Maker Studios

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2014 Pulitzer Prizes Announced (FishbowlNY)
The Pulitzer Prizes celebrate the best of the best, and Monday we learned the latest recipients of journalism’s highest honor. TVNewser The Washington Post and the U.S. edition of The Guardian have won the award. They will share the Public Service award for their series of stories on NSA surveillance, as revealed by Edward Snowden, an NSA contractor who gave the top-secret information to the news organizations. The Pulitzer committee said the journalism was “marked by authoritative and insightful reports that helped the public understand how the disclosures fit into the larger framework of national security.” Politico Snowden immediately declared the decision “a vindication.” The reporting on the former government contractor’s leaks was led by journalists Glenn Greenwald and Ewan McAskill at The Guardian, Barton Gellman at the Post, and Laura Poitras, who worked with both newspapers. NYT The Boston Globe won the breaking news prize for its coverage of the Boston Marathon bombing, which killed three people and wounded at least 260. The Post won a second award, for explanatory journalism. Eli Saslow, 31, a staff writer, won for a series of articles on American families that rely on the federal food stamp program. GalleyCat Author Donna Tartt won the Pulitzer Prize for fiction for her book The Goldfinch. The novel about an orphan also won Amazon’s Best Books of the Month “Spotlight Pick” in October 2013 and was shortlisted for 2013 National Book Critics Circle Award.

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Morning Media Newsfeed: Fox’s 49th Quarter Win | 60 Minutes Owns Up | RIP, @ColbertReport

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2014 Ratings: Fox News No. 1 for 49th Consecutive Quarter (TVNewser)
Fox News finishes its 49th consecutive quarter and 147th consecutive month as the top-rated cable news network, besting the competition in both total day and primetime during the first quarter of 2014. In addition to delivering cable news’ top 14 programs in total viewers and top seven programs in the adults 25-54 demographic, Fox News was the only cable news network to grow compared to the year-ago quarter. Despite a strong March for CNN, MSNBC held on to the second-place spot among the cable news networks in both total day and primetime. HuffPost The disappearance of Malaysia Airlines flight 370 was one of the biggest stories of the month, and CNN — whose obsessive coverage of the plane has brought it both ratings victories and repeated criticism — reaped the rewards in March. The network beat MSNBC in weekday primetime in the demo at the end of the quarter, averaging 240,000 viewers in the 25-54 category to MSNBC’s 201,000. Those numbers represent a 71 percent increase in the demo compared to March 2013. Variety The numbers come as MSNBC pushed hard during the period to cover the “Bridgegate” scandal surrounding New Jersey governor Chris Christie, and they raise the question of whether CNN will be able to sustain its March momentum when and if the MH 370 story loses the interest of news audiences.

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Morning Media Newsfeed: AJ Journos Denied Bail | CNN Hits Digital High | FCC Limits JSAs

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al jazeera journalists egypt

Al-Jazeera Reporters Plead for Release (The Associated Press / The Big Story)
Three Al-Jazeera journalists on trial in Egypt directly asked the judge on Monday to release them, insisting the terrorism charges against them were preposterous. The judge denied the request for bail by Australian Peter Greste, Canadian-Egyptian Mohammed Fahmy and Baher Mohammed during the fourth hearing in the trial that opened on Feb. 20. TVNewser The judge did not accept their plea, adjourning the case until April 10. Australian Broadcasting Corp. It was Greste’s fourth appearance in court after more than 90 days in prison, and in an unusual move he was allowed to directly approach the judge and tell him why he should be freed. In words translated for the judge, Greste said that he had only been in Egypt for two weeks before his arrest and he had no connection with the Muslim Brotherhood. NYT One of the journalists even recounted drinking alcohol, which is forbidden in Islam. It was the first time the journalists were allowed to speak in court, about a hundred days after being detained. All three worked for Al Jazeera’s English-language news channel, and their case has elicited protests from human rights and free-speech groups. Mansour has said in public letters to the journalists’ families that he hoped they were soon released. And for a brief moment on Monday, the judge appeared sympathetic to the journalists’ arguments. CNN International Fahmy told the court that he and his colleagues worked in public rather than in secrecy, and covered Egypt as they would other countries. He questioned how any journalist could be labeled a terrorist. Their lawyers also took up the issue of Fahmy’s health. Fahmy injured his shoulder before his arrest in December. He has complained about not getting proper medical treatment while in prison and says that because of the lack of treatment, he no longer has full use of his right arm. The trial was adjourned until April 10.

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Morning Media Newsfeed: Murdoch Ups Sons | Twitter Ban Overturned | NYT Adds Digital Subs

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Rupert Murdoch Elevates Eldest Son to Be His News Corp. Co-Chairman (The Guardian / Greenslade Blog)
Rupert Murdoch’s eldest son, Lachlan, has been promoted to the role of non-executive co-chairman on the News Corp. board. It means that the two will work alongside each other. Rupert, the executive chairman, described the appointment as “recognition of Lachlan’s entrepreneurial leadership and passion for news, digital media and sport.” TVNewser Lachlan has been named non-executive chairman at both News Corp. and 21st Century Fox. The 42-year-old has been a director of both companies, but effectively left the media empire in 2005 where he had been deputy chief operating officer directly responsible for News Corp.’s U.S. television stations group and publishing assets. After Lachlan left News Corp., Roger Ailes, the co-founder and chairman of Fox News Channel, was named chairman of News Corp.’s (now 21st Century Fox’s) television stations group. FishbowlNY The promotion means that Lachlan is all but guaranteed to take over News Corp. when Rupert steps down. In the past, it was believed that James Murdoch was the heir apparent, but no more. James was promoted as well — to co-chief operating officer at 21st Century Fox. Financial Times James’ elevation comes two years after he was embroiled in the U.K. phone hacking scandal as the former head of News Corp.’s U.K. newspaper business. His new position gives him a more central executive role at one of America’s most global media companies, in contrast to Lachlan’s non-executive position, keeping him in contention in a succession race that has seen numerous twists. James will share his new title with Chase Carey, a trusted adviser and second-in-command to Rupert, to whom he had reported in his previous role as deputy chief operating officer. Reuters Each son has at various times been seen as heir apparent, and it is unclear how well they will work together when Murdoch finally hands over the companies. The Murdoch family controls both Fox and News Corp. through a trust that has a 38 percent ownership stake of Class B shares with voting rights. A source familiar with the companies said that the plan to elevate Lachlan and James had been in the works for a while and that a tussle over control would be unlikely.

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Lachlan Murdoch Gets Top Spot on News Corp Board

The future of News Corp just landed in the lap of Lachlan Murdoch. The New York Times reports that Lachlan — most recently a director of News Corp and 21st Century Fox — has been promoted to non-executive co-chairman, the top spot on News Corp’s board. Lachlan’s father, Rupert Murdoch, owns 40 percent of the company, and will remain executive chairman.

The promotion means that Lachlan is all but guaranteed to take over News Corp when Rupert steps down. In the past, it was believed that James Murdoch was the heir apparent, but no more. In what seems like a “Oh, I’ve got a present for you too, son” move, James was promoted as well — to co-chief operating officer at 21st Century Fox.

In a statement, Rupert said Lachlan’s promotion was “a sign of confidence in the growth potential of News Corporation and a recognition of Lachlan’s entrepreneurial leadership and passion for news, digital media and sport.”

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