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Posts Tagged ‘Reed Hastings’

Morning Media Newsfeed: Time Inc. Struggles | Netflix Shareholders Back Hastings

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Time Inc. Stock Falls in Its Debut (NYT)
Shares of Time Inc., the magazine company that began trading Monday after being spun off from Time Warner, got off to a rough start, falling nearly 7 percent before recovering somewhat. Bloomberg The shares, trading under the ticker symbol TIME, slid less than 1 percent to $23.30 at the close in New York, after earlier dropping by as much as 6.7 percent. Shares of Time Warner, which owns the Warner Bros. movie studio and cable networks such as HBO and CNN, rose 1.2 percent to $68.99. FishbowlNY Last week, Time Inc.’s execs met with editors and asked them to begin the process of cutting 25 percent of editorial spending. That means staffing cuts are coming by the bunches. HuffPost Time Inc. laid off hundreds of employees in 2013 and earlier this year. Some titles, such as People, appear to have already started with their layoffs. Time Inc. is also set to leave its longstanding home, the Time-Life Building, for a cheaper downtown pad. THR Dealmaking could be on the agenda, but unlikely in the form of big acquisitions. Time Inc. was spun off with $1.3 billion in debt. Analysts have compared that to the lack of debt that Rupert Murdoch’s News Corp got when the mogul’s empire was split into two last year. Moody’s recently rated Time Inc.’s debt below investment grade, but other observers said the debt will also allow Time Inc. to show that it can be trusted financially.

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‘Media Person of The Year’ Finalists Unveiled

It’s almost the end of the year, and you know what that means: Lots of “best of/worst of” lists and many, many awards. One honor that typically grabs the attention of the media centric is I Want Media’s annual Media Person of The Year contest, which celebrates “2013′s most memorable figure — for good or ill — in the media industry.”

I Want Media has just opened up voting, so get to it. The polls will close Sunday, December 8, and the winner will be announced the next day. After you’re done logging your thoughts for I Want Media, we suggest you start considering who should win FishbowlNY’s Best Award Award. Voting for that is always close.

Below are the finalists for Media Person of The Year.

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Morning Media Newsfeed: Ms. Editor Dies | HuffPost Live Goes Cable | AOL Music Axed


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Former Ms. Magazine Editor Mary Thom Dead at 68 (AP / Huffington Post)
Prominent feminist Mary Thom, a writer and former editor of Ms. magazine who also was an avid motorcyclist, crashed while riding on a highway and was killed, her nephew said Saturday. She was 68. NYT Thom joined Ms. magazine in 1972 as an editor, rising to become executive editor in 1990. She was known as a journalistic virtuoso who shaped the writing of many of the feminist movement’s luminaries, including Gloria Steinem.  Ms. “We who are Mary’s friends and family haven’t absorbed her loss yet; it’s too sudden,” said Women’s Media Center co-founders Robin Morgan, Gloria Steinem and Jane Fonda in a statement over the weekend. “Ms. magazine, the Women’s Media Center, the women’s movement and American journalism have suffered an enormous blow. Mary was and will always be our moral compass and steady heart.” FishbowlNY Thom lived for decades in New York City and served as an editor for Ms. for nearly 20 years before leaving the feminist magazine in 1992. The glossy, which began as an insert in New York magazine, became a feminist powerhouse read in the 1970s but struggled to leverage commercial success with its ideological voice.

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AP Reporter Rewinds Netflix-Amazon Tale

It’s refreshing to see a journalist go beyond the boundaries of a typical book review.

Reporting about Netflixed: The Epic Battle for America’s Eyeballs, due in stores Thursday, AP technology writer Michael Liedtke wasn’t too sure about at least one of the tidbits passed on by author Gina Keating. So he decided to check it out:

According to the book, [Netflix co-founders] Reed Hastings and Marc Randolph flew to Seattle sometime in 1998 to meet with Amazon.com Inc. CEO Jeff Bezos. The topic of discussion: a possible partnership. At one point, Hastings proposed that Amazon buy Netflix, only to be disappointed when Bezos offered a mere $12 million.

Netflix spokesman Jonathan Friedland told The Associated Press that the Amazon anecdote was “totally untrue.” Amazon declined comment.

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The Uncertainty of Netflix’s Future is Making This Arrested Development Fan Hyperventilate

Netflix stock has taken a dive since the company announced a net loss for the first quarter on Monday, and the Internet has been rife with predictions of the company’s demise ever since. There’s plenty of reasons for handwringing – the competitive streaming video market, the rising cost of content, and then there’s the notorious fumble of last summer, when Netflix raised subscription prices and tried to create a separate site for DVD rentals.

But for all the company’s missteps, they got one thing very right when they signed on to produce a fourth season of Arrested Development, the cult TV series tragically cancelled by FOX in 2006. Filming begins this summer, and the new season will premiere sometime in 2013. In a new twist on programming, all 10 episodes will be made available on the same day, making for some epic viewing parties.

I’m planning for that day the way some people plan for their weddings. Netflix better not screw this up by going under.

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Digital Media Expert: ‘Netflix Deliberately Creating Customer Dissatisfaction’

CNET media columnist Greg Sandoval has a thought-provoking review of different theories being floated in the aftermath of Netflix’s highly contentious monthly subscription price hike.

Blogger Adam Knight points to a recent pull-back of Sony content from the service after online-view thresholds were breached. He says all those Netflix DVD renters who never make use of the streaming aspect of their membership are artificially inflating key measurement triggers, and need to be removed. But the best theory in Sandoval’s article comes from Big Champagne CEO Eric Garland:

Garland is convinced Netflix CEO Reed Hastings is trying to pressure the studios into licensing more streaming content… Forcing streaming fans to pay more will only ratchet up dissatisfaction while raising demand for better streaming content…

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Excitement For BusinessWeek Deal At MPA Conference

MIS.jpgYesterday, we spent a few hours at the Magazine Publishers of America‘s Magazine Innovation Summit. In between panels and interviews like The New York TimesDavid Carr‘s Q&A with Ken Auletta of The New Yorker (right), we got a chance to catch up with some of New York media’s movers and shakers and pick their brains.

First, we asked Carr what he thought of Bloomberg LP’s acquisition of BusinessWeek. The media columnist was practically giddy with excitement. “It’s great news for people like you and me,” Carr told us, complaining that the media industry has been sorely lacking in fun deals to report on. “I couldn’t help but get involved in Stephanie’s story,” he said referring to the article about the deal he co-bylined with Stephanie Clifford for the Times yesterday.

Carr’s excitement was mirrored by BusinessWeek.com‘s John Byrne, who interviewed Netflix CEO Reed Hastings after lunch.

“There was a little activity at BusinessWeek this morning,” Byrne said. He then went on to say how happy he was to be going to work for Bloomberg, remarking that it was a “great place” for the business magazine to be.

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HuffPost Reveals First “Game Changers”

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The Huffington Post is on a quest to find its game changers — “100 people who are using new media to reshape their fields and change the world.”

Today, the online pub announced its 10 game changers in its entertainment and green categories. Two more categories will be announced every week for the next five weeks, until all 100 game changers are announced in politics, technology, media, sports, business, style, health and philanthropy & service. Each category is open for readers to vote, with one “Ultimate Game Changer” being picked for each category over the next few weeks.

“New media and the Internet have impacted nearly all aspects of our lives — from the way we elect our president, to the way we select our music, to the way we choose to make a difference in the world,” Arianna Huffington said. “Our Green Game Changers inspire us with the myriad ways they are tapping into the wired world to help protect the planet. The Entertainment Game Changers are using new media to push the creative envelope, deepen their engagement with fans, and revolutionize the ways in which we are entertained.”

The entertainment game changers include Jimmy Fallon, Netflix founder Reed Hastings, Twitter phenom Ashton Kutcher, blogger Nikki Finke, FunnyOrDie.com founders Will Ferrell and Adam McKay, actor Joseph Gordon-Levitt, Radiohead, Andy Samberg and his comedy team The Lonely Island, Taylor Swift and will.i.am.

Green game changers include Ken Cook of the Environmental Working Group, White House garden inspirer Roger Doiron, Treehugger.com founder Graham Hill, Gary Hirshberg of ClimateCounts.org, Annie Leonard, Bill McKibben, actress Isabella Rossellini, David de Rothschild, Carrotmob’s Brent Schulkin and Gavin Starks.

Who will you be voting for?

Meet the HuffPost Game Changers: 100 People Who Are Using New Media to Change the World –Huffington Post

Earlier: Help HuffPost Pick New Media “Game Changers”

Details Picks 26 Mavericks and 1 Ryan Seacrest

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Details magazine, where the devil must be, lists the 2007 Mavericks–27 thinkers behind this year’s most exciting innovations. From the press release:

DETAILS’ 2007 Mavericks lists current revolutionary leaders current revolutionary leaders–from media and entertainment to politics and technology–who are improving our lives in areas we didn’t even know needed improving.

Among those revolutionaries are

Stephen McPherson–president, ABC Entertainment,
Reed Hastings–founder and CEO, Netflix,
Peter Traugott–president, Brillstein-Grey Television,
Ben Silverman–founder and CEO, Reveille,
Mark Burnett–reality television producer,
and

Ryan Seacrest

Remind us again how Ryan Seacrest improves our life?

There’s also a cover line about America’s Disturbing New Sexual Fetish. Hey, wait a minute…