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Posts Tagged ‘Roll Call’

Morning Media Newsfeed: AT&T Advances DirecTV Talks | AP Expands | BuzzFeed President Out

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AT&T Said to Be in Talks to Buy DirecTV for About $50 Billion (Bloomberg)
AT&T Inc. is in advanced talks to acquire DirecTV, the largest U.S. satellite-TV provider, for about $100 per share, according to people familiar with the matter. WSJ A takeover of DirecTV could put a value of nearly $50 billion on the satellite-television provider. The two sides are discussing a deal that would involve a mix of cash and AT&T stock, the people said. Dallas-based AT&T would likely pay a premium to DirecTV’s share price Monday, one of the people said. An agreement could be reached in two weeks if not sooner, according to the people. GigaOM AT&T’s plan is to turn the satellite company into an AT&T unit, and keep management on board to run that unit, with plans for DirecTV’s chief executive Mike White to retire in 2016. The acquisition report, which neither company is commenting on, comes after three months after Comcast announced that it was going to acquire Time Warner Cable in a $45 billion deal. Variety Analysts have speculated that AT&T could migrate its 5.7 million U-verse TV subscribers to DirecTV’s satellite-delivered service, freeing up bandwidth in its terrestrial data networks. With 26 million pay-TV subscribers, AT&T also would gain leverage in programming negotiations on part with a merged Comcast-TWC. Reuters DirecTV shares rose 6 percent to $92.50 in extended trading on Monday.

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Morning Media Newsfeed: TV Station Mega Merger | Pakistan Censors NYT | Apple Taking on Spotify?

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TV Station Mega Merger: Media General, LIN Set $1.6 Billion Deal (Variety)
Station groups Media General and LIN are poised to merge in a $1.6 billion cash and stock deal that will create the nation’s second-largest pure-play broadcast group. With LIN’s roughly $1 billion in debt included, the deal has an enterprise value of $2.6 billion. TVSpy The deal will bring together 74 stations which are either owned or operated by the two companies in 46 markets. Combined, the new company’s stations will reach 23 percent of U.S. TV households. THR The deal is the latest in the ongoing consolidation of the TV station business as broadcasters have looked for scale to strengthen them in dealings with networks and pay-TV operators and the like. Poynter / MediaWire It is just the latest in a flurry of acquisitions and mergers in the TV industry that has seen Belo broadcast and Gannett merge and earlier, Media General and Young Broadcasting combined forces. Other players including Meredith, Journal, Tribune, NBC Universal and Sinclair have been recent buyers, too. WSJ Greater scale should help the combined company garner higher revenue from fees it charges pay-TV providers to carry its signal, known as retransmission fees. It should also gain leverage in negotiations with media companies. These factors, plus the ability to expand LIN’s digital advertising business and savings from corporate overheard, underpin the companies’ projected $70 million in run-rate synergies over three years.

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Bloomberg Businessweek on the Franchising of Politico

CapitalProLogoFor major U.S. media markets such as Chicago and Los Angeles, there’s a lot riding on the Allbritton Communications purchase and re-branding of Capital New York. Per a feature article by Bloomberg Businessweek staff writer Felix Gillette, success here could pave the way for circa-2015 sites like Capital Chicago and Capital Los Angeles:

If the experiment succeeds, the Politico colonization will spread to other cities. “Essentially, this is the first experiment of taking Politico and exporting it somewhere else,” says [Politico/Capital New York CEO Jim] VandeHei.

Gillette shares some interesting numbers. Politico’s monthly Web traffic is, as one would expect, currently much more substantial than Capital New York’s (five million to 184,000). The more capitally important stats are those of Politico Pro, the subscriber service launched two years ago by Allbritton in D.C.

That’s where Capital New York is headed after the site’s Pro services free-trial period ends January 31. According to Gillette, around 80 full-time staffers deliver Politico Pro content and event streams to a base of 1,300 subscribing D.C. companies.

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HuffPo Creates Four New Senior Sales Positions

huffpo logo.jpgIt looks like The Huffington Post is serious about making money in 2010.

Today, the online publication announced the creation of four new senior positions on its sales team, expanding the group that sells ads on the site and turns a profit for it. The new hires include Andy Wiedlin as VP of sales, West Coast; Philip Cara as VP of sales, East Coast; Peter Cherukuri as VP and general manager of HuffPo’s Washington, D.C. office; and Brian Kaminsky as VP, director of sales operations.

The group brings experience from formerly working at places like AOL, MySpace and Reuters. D.C.-based Cherukuri, formerly of Roll Call, will be focusing on expanding HuffPo’s political and issues-based advertising.

Full release after the jump

Related: Huffington Post Expands Business Side With Two New Positions

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Pulitzer Expands Online Focus With New Board Member, Politico Co-Founder VandeHei

vandehei pic.jpgLess than a week after announcing changes to its entry requirements making it easier for online writers to win awards, the Pulitzer Prize Board has announced a new appointment: Jim VandeHei, the co-founder of one of the most successful new media launches in recent years, Politico.com.

VandeHei, who is also Politico’s executive editor, is “the first representative of a primarily online news organization” to serve on the board, the Pulitzer committee said today. But he also has a print background. Before founding the Washington, D.C.-based site in 2007 with John F. Harris and Allbritton Communications, he worked for Roll Call and The Wall Street Journal — among other D.C. pubs — covering Capitol Hill.

It will be interesting to see if this new focus on online news will lead to Pultizers for online writers next year. Seems like they have a better chance now than ever before.

Previously: Online Writers Now Have Greater Shot Of Winning Pulitzer, Four Questions For Politico’s Jim VandeHei

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Economist Group Picks Up CQ|Swine Flu Hits AOL|Vogue Loses Met Gala Planner|Reader’s Digest Moves To The Right|Rival Magazines Set To Debut In FBNY Editor’s Hometown

FishbowlDC: Congressional Quarterly will join Roll Call under the Economist Group umbrella.

Daily Intel: Swine flu reported at AOL.

WWD: Vogue‘s director of special events Stephanie Winston Wolkoff has stepped down. Who will take her place to help Anna Wintour plan the Costume Institute Gala?

New York Times: Struggling to find its footing, Reader’s Digest moves to the right in order to find a niche audience.

Folio: FBNY editor Amanda’s hometown of Stamford, Conn. hasn’t gotten this much love since Woody Allen shot “Scenes From A Mall” there. Two regional publishers have both announced the launch of two rival Stamford magazines to cover the city.