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Posts Tagged ‘Newsweek’

Morning Media Newsfeed: Disney Cuts 700 | FCC vs Shared Stations | Tribune Names CEO

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Disney Interactive Lays Off Roughly 700 (THR)
The Walt Disney Company has laid off approximately 700 employees at Disney Interactive, a company spokesperson confirmed. Prior to the layoffs, roughly 2,800 employees worked at the division, representing a cut of approximately 26 percent of its total workforce. Variety Cuts were expected, but not on this scale. They were anticipated to mostly affect Disney’s Playdom group, which produces games for social media platforms. A Disney rep said the layoffs will occur across the board in the business unit. Re/code Last month, Disney Interactive reported its second consecutive quarter of profitability after a long string of losses, credited to the success of Disney’s console game Disney Infinity. However, in tandem with the layoffs, the company will cease in-house console game development beyond supporting Infinity and publishing the as-yet-unreleased game Fantasia: Music Evolved, developed by Harmonix. New Disney games will instead be licensed out and developed by other studios. NYT Disney Interactive makes up a tiny piece of the Disney empire. The entertainment conglomerate as a whole had $1.84 billion in profit and $12.31 billion in revenue in its most recent quarter; Disney Interactive had operating income of $55 million on revenue of $403 million, according to financial filings. Reuters Disney’s games and online division has for years been a persistent money loser and a small but significant drag on a corporate empire that spans movie-making and television to cable network ESPN, theme parks and cruise lines. Last year, Disney Interactive lost $87 million as revenues rose 26 percent from 2012; the division has lost a total in recent years of more than $1 billion.

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Newsweek Relaunch is Also Sweet Music for Slovakia’s Piano Media

PianoMediaLogoIn the summer of 2011, Bloomberg Businessweek‘s Felix Gillette wrote about a bold new digital experiment in Slovakia. For just over four dollars a month, consumers were being encouraged to subscribe to a national Internet paywall grouping together the publications of nine different media organizations.

The company behind that technology was Piano Media and today, Gillette notes that they’ve come a long way. The $149.99-$39.99 price-points relaunch of Newsweek marks the Slovakian company’s first foray into the U.S. market and in fact their first digital client of any kind outside Europe:

The timing of Piano Media’s stateside arrival makes a certain kind of sense. As we noted last year, 2014 is shaping up to be the Year of the Paywall for a range of U.S. news publishers hoping to replace rapidly declining ad dollars with a bump in digital subscription revenue. It was only a matter of time before Piano Media’s experimental approach to paywalls, tested in the relatively calm waters of the Slovakian news media, would entice a U.S. publisher looking for a novel way to survive the roiling hell-broth that is the modern magazine market.

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The New Newsweek is Here

Here’s the first cover of zombie Newsweek, back from the dead to terrorize all who doubt the power of print.

IBT Media plans to print only 70,000 copies, so maybe the new version will work out better. We don’t think it will, but as fans of magazines, we’d be happy to be proven wrong.

Morning Media Newsfeed: Flipboard Buys Zite | BBC3 to Go Online-Only | Egypt Tries AJ Staff

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CNN Sells Zite to Flipboard (CNNMoney)
CNN has sold its news reader app, Zite, to Flipboard, a social magazine application. As part of the deal, Flipboard has also teamed up with CNN to launch custom magazines for CNN shows anchored by Fareed Zakaria, Jake Tapper and John King. The deal could be valued as high as $60 million over time, taking into account future advertising revenue, said a source familiar with the deal. TVNewser The sale occurred less than three years after CNN acquired Zite for $20 million. CNN and Flipboard’s partnership will allow CNN to expand its mobile reach and take advantage of Flipboard’s technology and mobile sales strategy. Re/code Zite itself will shut down, but CNN says most of its 20 employees will go to work for Flipboard. Zite CEO Mark Johnson will not be joining them. Forbes / Jeff Bercovici The deal merges two apps that let users aggregate news stories from all over into a single magazine-like experience. Of the two, Flipboard has been considerably more successful: It’s currently ranked No. 5 among free iPad news apps in Apple’s App Store, while Zite is No. 39. Flipboard will absorb the machine-learning technology that Zite uses to personalize news feeds for its users. Mashable The move also divests CNN of one of its most high-profile acquisitions while putting it in front of Flipboard’s users, which according to Johnson number more than 100 million.

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Newsweek and Bloomberg Pursuits Add Editors

Newsweek and Bloomberg Pursuits made some moves today. Details are below.

  • Richard Addis is joining Newsweek as editor-in-chief of Europe, the Middle East and Africa. Addis is the former editor of The Financial Times Weekend and the Globe and Mail.
  • Stan Parish has been named deputy editor of Bloomberg Pursuits. Parish was most recently senior features editor at Departures. Prior to that he served as an associate editor at GQ for five years.

Morning Media Newsfeed: Oscar Ratings Soar | Gould Leaves NBC News | WaPo Branches to NYC

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Oscars Rise to 43 Million Viewers, Most-Watched in 10 Years (THR / The Live Feed)
ABC’s annual airing of the Oscar telecast dominated Sunday night. Final ratings for the Ellen DeGeneres-hosted show have the Academy Awards more than 2.5 million viewers ahead of last year, even in the key demographic. All told, ABC’s coverage of the Academy Awards averaged 43 million viewers and a 12.9 rating among adults 18-49. That’s a 6 percent boost in viewers and a virtual tie with last year’s adults-under-50 score. DeGeneres brought lifts among younger viewers and men — with ratings among adults 18-34 and men both at their highest since 2007. Variety DeGeneres also helped pushed the Oscars to new heights on Twitter on Sunday night: The total U.S. audience on the social platform was nearly one-third the TV draw, with a 75 percent jump in tweets related to the show over last year. About 13.9 million people saw a total of 1.04 billion tweets about the Oscars, according to Nielsen’s SocialGuide. LostRemote The ceremony also led to more than 25.4 million interactions (status updates, comments and likes) by some 11.1 million Facebook users, and the top social moment was the crowning of 12 Years A Slave as best picture. TVNewser ABC’s related programming also received a boost. Oscars Red Carpet Live, hosted by Good Morning America anchors Robin Roberts and Lara Spencer, was up compared to last year for all three half-hour segments of the show. The final half-hour pulled in 27.6 million viewers. Deadline Hollywood Coming on right after the big show for a ninth year in a row, Jimmy Kimmel Live: After The Oscars was up 22 percent in total viewers and 20 percent in the key demo over last year, good for its best ever post-Oscars performance. With past Oscar winner Kevin Spacey among his guests, Kimmel was watched by 6.993 million viewers overall, with 2.423 million in the demo.

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Newsweek Staffers Participating in Reddit AMA

The staffers at Newsweek want to hear from you, so they’re going to participate in a Reddit Ask Me Anything tomorrow.

As you know, IBT Media plans to relaunch the print version of Newsweek, which means there will be plenty to talk about. Especially with the news that the magazine’s debut has been pushed back until March.

We’ve already provided you with a list of questions you shouldn’t ask Newsweek staffers (“You know we still have Time, right?”), so please continue to heed that advice. There’s no need to hurt anyone’s feelings. Though if you could ask if they’re going to call it Zombie Newsweek we’d appreciate it.

Morning Media Newsfeed: Klein Out at WaPo | Dow Jones Chief Resigns | Newsweek Delays Print

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Ezra Klein Out at Washington Post (Politico / Dylan Byers on Media)
The Washington Post announced Tuesday that its star economics blogger Ezra Klein will be leaving the paper to start a new venture. “When Ezra joined us in 2009, he was a wunderkind blogger with brash confidence and a burning desire to write a column in the print newspaper,” Post editors wrote in a memo to staff. “As he leaves us, Ezra is still a brash wunderkind, but now his burning desire has a grander scope: He is looking to start his own news organization, an ambition that befits someone with uncommon gifts of perception and analysis.” FishbowlNY Also leaving are Melissa Bell, WaPo’s director of platforms, and Dylan Matthews, a Wonkblog reporter. FishbowlDC “As early as this week, Klein is expected to announce a new venture — described in a memo to Post staffers as a new ‘news organization’ — that will look to staff more than 30 people on the editorial side alone.” Politico For nearly five years, the Post has steered a bounty of financial resources to its star economics columnist and blogger. It has allowed him to have a contributor deal with MSNBC, a column with Bloomberg View, and to write long-form for The New Yorker. It has provided him with eight staffers to keep Wonkblog, his popular policy vertical, flowing with up-to-the-minute charts and analysis. The PR department has promoted him in profile upon profile. But when Klein proposed the creation of an independent, explanatory journalism website — with more than three dozen staffers and a multiyear budget north of $10 million — the Post said enough is enough. BuzzFeed A quick look at Klein’s “following” list reveals he’s quite recently followed Vox Media CEO Jim Bankoff as well Vox property editors-in-chief Joshua Topolsky (The Verge) and Lockhart Steele (Curbed Network). So are Klein and Vox in talks? BuzzFeed reached out to both Klein and Bankoff, both of whom declined to offer comment on the speculation. NYT / Paul Krugman May I say respectfully to the Post: You idiots! You see, Ezra and his team filled a huge gap. That gap exists throughout the news media, although the Times has, I believe, largely closed it in other ways. But it was especially severe at the Post. CJR / Behind The News Although there had been rumblings of his departure for several weeks, news of Klein’s exit drove enough traffic to temporarily crash Poynter’s website, a fact not lost on some observers. Digiday Digital publishing executives have a message for him: Good luck — you’re going to need it. Starting a sustaining publishing venture is harder than ever. It’s easy to be seduced by the current vogue for “personal brands” and the ability of superstars like Kara Swisher and Walt Mossberg to plant their own flag. But when it comes down to it, this is a roll of the dice for a 29-year-old journalist steeped in the wonkier (and less profitable) public policy parts of the media world.

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Recent NYU Grad Nabs Latest I.F. Stone Award

Former Newsweek and The Daily Beast editor Sarah Blustain shared some exciting news today at her new home. The latest winner of The Investigative Fund’s I.F. Stone Award.

InvestigativeFundLogo

The prize for the Fall 2013 period has been awared to Natasja Sheriff, a 2011 NYU Master’s in journalism graduate who – yes – spells her first name that way. From the announcement:

Sheriff is currently the international editor for the online publication The Revealer and a Luce Foundation Fellow, both at the NYU Center for Religion and Media. Sheriff comes to journalism after working as a scientist in Asia, where she specialized in water and fisheries research.

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What Not to Say About Newsweek Returning to Print

For some strange reason, IBT Media, which purchased Newsweek in August, is bringing the print version back. The New York Times reported that Newsweek will be a weekly publication dependent on subscribers — who’ll pay more than in the past — to stay afloat. Jim Impoco, editor of Newsweek, told the Times that the revamped magazine will be  ”a premium product, a boutique product.”

If you’re in the media, there’s a chance you might end up talking about this with someone who works at IBT Media. Because FishbowlNY cares, we’ve provided some examples of things not to say during these conversations. Enjoy.

What Not to Say to an IBT Media Staffer About Newsweek Returning to Print

  • “I hear they’re canceling the Internet next year anyway.”
  • “Congrats on being wasted at work!”
  • “Calling Newsweek a ‘premium product’ is like saying that my stained boxer briefs are ‘vintage.’ A fancy label will only make people more disgusted when they finally see them.”

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