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Posts Tagged ‘The New Republic’

Morning Media Newsfeed: Sky Deutschland Slows Takeover | Vidra Named CEO of TNR

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Sky Deutschland: BSkyB Takeover Offer Too Low (THR)
BSkyB’s plans to build a European pay-TV empire hit some opposition on Wednesday. The supervisory and executive boards of 21st Century Fox-controlled German pay TV operator Sky Deutschland advised minority investors not to accept a multi-billion dollar takeover offer from BSkyB. NYT / DealBook The move comes after BSkyB, which is 39 percent owned by 21st Century Fox, agreed in July to acquire the 57 percent of Sky Deutschland that is owned by 21st Century Fox, for £2.9 billion, or $4.7 billion. As part of the deal, BSkyB, one of Europe’s largest pay-television providers, also offered to buy the shares of Sky Deutschland’s minority shareholders for €6.75, or $8.75, each, a small premium on the company’s current share price. Reuters But with only a small premium on the table, analysts have doubted that many will sell. Sky Deutschland would thus retain its stock market listing and BSkyB has not indicated any desire to squeeze out minority shareholders above and beyond the offer which it has set out. Management of the German company, advised by Bank of America Merrill Lynch, on Wednesday argued the offer fell short of its true value. WSJ On issuing its recommendation to minority holders on Wednesday, Sky Deutschland said its chief executive Brian Sullivan, the only executive board member holding shares, wouldn’t participate in the offer, which runs until Oct. 15. Two supervisory board members holding shares also don’t intend to accept the offer, the company said in a statement. Financial Times BSkyB has argued that it can implement its vision for Sky Europe, regardless of how many minorities tender their shares. Buying all minorities’ shares — 43 percent of the company — would cost the U.K. operator £2.1 billion, further increasing its leverage. The company raised £3.25 billion this month to help finance the acquisition of 21st Century Fox’s stakes in Sky Deutschland and Sky Italia. BSkyB said it welcomed Sky Deutschland’s “supportive comments on the strategic rationale for the transaction.” BSkyB shareholders are due to vote on the European deal on Oct. 6.

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Guy Vidra Named CEO of The New Republic

TNR logo GThe New Republic has named Guy Vidra its chief executive officer. Vidra most recently served as general manager of Yahoo News, a role he held since 2012. He previously served as WaPo’s head of business development and emerging media.

“One thing I’ve learned over the past two years is that to preserve and strengthen great institutions, you have to change them,” said Chris Hughes, TNR’s owner, in a statement. “Guy is a highly respected innovator with deep experience who will build on our recent progress in redefining The New Republic for a new time.”

In related news, TNR announced an investment division, The New RepublicFund. The investment arm will “back early-stage technology companies predominantly in the digital media, analytics, and video spaces,” according to TNR.

Vidra begins October 13.

Cover Battle: Elle or The New Republic

Welcome back to another edition of FishbowlNY’s weekly Cover Battle. This round we have Elle taking on The New Republic.

Elle’s latest issue features Lorde, who we hear is still searching for the Keymaster.

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Morning Media Newsfeed: Sawyer Signs Off World News | Freed Journalist Arrives in U.S.

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Diane Sawyer Signs Off World News: ‘I’ll See You Right Back Here on ABC News, Very Soon’ (TVNewser)
In what may be the most subdued evening news transition since John Chancellor handed off NBC Nightly News to Tom Brokaw and Roger Mudd in 1982, Diane Sawyer signed off World News Wednesday night. ABC hadn’t announced when Sawyer’s final show would air. That news came in a tweet from Sawyer Wednesday afternoon. New York Post Sawyer signed off from World News on Wednesday after nearly five years — with gratitude and thanks for her viewers and staff. Sawyer took a few minutes at the end of the program to speak of the “deep privilege it has been to sit in the anchor chair” once occupied by the late Peter Jennings, and assured viewers that the broadcast was in “strong and steady hands” under new anchor David Muir. Deadline Hollywood ABC News noted Wednesday morning that she took the newscast to back-to-back sweep wins in the news demo — in May and July — for the first time in seven years. The show ranked No. 1 in the news demo for her final full week. Mediaite Sawyer will be moving on to running an ABC News team that will produce news specials and conduct high-profile interviews. She promised that the show would not change after she leaves, and as for her own future, “I am not slowing down, but gearing up in a new way.” Sawyer concluded, “With gratitude for these years, I thank you, and I’ll see you right back here on ABC News very soon.” Mashable Sawyer announced her departure from the news program and Muir’s new role back in June. Muir was set to take over the job on Sept. 2 and will continue co-hosting 20/20 on top of his new duties.

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The New Republic is Confused

The New Republic’s latest cover boldly states “Don’t Send your Kid to the Ivy League.” The accompanying piece has caused quite a stir, mainly because typically, going to Harvard or Princeton is what is known as a Good Thing. The stance is also interesting because — as Newsweek reported — over 50 percent of TNR’s editorial team has either an undergraduate or graduate degree from an Ivy League school.

Harvard leads the way, with 18 TNR editorial staffers (including owner and editor-in-chief, Chris Hughes) as alumni. Columbia comes in second place with 14 and Yale comes in third, with nine.

If having an Ivy League education is obviously helpful when applying for a job at TNR, wouldn’t that mean you should send your kids to one of those schools? After all, TNR is a great magazine. We imagine most writers looking for employment would be quite happy working there.

We’re confused. And so is TNR, apparently. You’d think all those Ivy Leaguers would have been able to figure this out.

Jennifer Hicks Joins Condé Nast Traveler

Jennifer Hicks has been named associate publisher, sales, of Condé Nast Traveler. Hicks comes to the magazine from The New Republic, where she had served as VP of advertising for the past two years. Prior to joining TNR, Hicks served as group publisher of Smithsonian and publisher of Modern Bride. 

“We are thrilled to welcome Jennifer Hicks to Condé Nast Traveler,” said Bill Wackermann, Traveler’s executive VP and publishing director, in a statement. “Her deep understanding of both print and digital, combined with her ingenuity at developing integrated programs that include native content, video, custom content, and events, as well as her years of management experience, make her a great asset to our executive team.”

Hicks’ appointment is effective June 23.

TNR and The Atlantic Make Editorial Changes

A few Revolving Door notes for you this early afternoon, involving The New Republic and The Atlantic. Details are below.

  • TNR has promoted Amanda Silverman to deputy editor and Linda Kinstler to managing editor. The magazine has also hired Rebecca Leber as a staff writer. Silverman was most recently TNR’s managing editor. Kinstler most recently served as a reporter-researcher. Leber comes to TNR from ThinkProgress.
  • The Atlantic has named Sophie Gilbert senior editor of The Atlantic Weekly, an iPhone app from the magazine. She most recently served as an arts editor for the Washingtonian. Denise Kersten Wills is also joining as senior editor of the glossy. Kersten Wills comes to The Atlantic from Politico.

Cover Battle: Fast Company or The New Republic

Welcome back to another edition of FishbowlNY’s weekly Cover Battle. This fight features Fast Company taking on The New Republic. For its latest issue, Fast Company went with a photograph of Anna Kendrick lying on what looks like a giant bed of hair. Gross. Imagine the dandruff that thing creates.

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The New Republic Adds Jason Zengerle, Names Two Senior Editors

The New Republic has named three new senior editors this week. Details are below.

    • Jason Zengerle is returning to TNR, where he once worked for 12 years. He will serve as a senior editor. Zengerle most recently served as a senior staff writer at Politico. Prior to that, Zengerle served as contributing editor for GQ and New York.
    • Rebecca Traister joins TNR from Salon, where she had been since 2003. Previously, she was a writer for The New York Observer. Traister is the author of Big Girls Don’t Cry: The Election That Changed Everything For American Women, a 2010 New York Times Notable Book and winner of the Ernesta Drinker Ballard Book Prize.
    • Evgeny Morozov moves up from contributing editor of TNR to senior editor. His work has appeared in The New York TimesThe Wall Street JournalThe Washington Post, Financial TimesThe Economist and more. Morozov has also written two books.

The New Republic Boosts Sales Team, BuzzFeed Adds Reporter

A couple Revolving Door notes for you today: The New Republic has added two to its sales and marketing team and BuzzFeed has added a criminal justice reporter. Details are below.

  • Erik Carlson and Diana Ryan are joining The New Republic as director of integrated advertising and integrated marketing manager, respectively. Carlson comes to TNR from Say Media, where he served as a sales exec. Ryan most recently served as senior coordinator of content and programming at The Atlantic.
  • Katie J.M. Baker is joining BuzzFeed as a reporter covering criminal justice and legal/social issues in higher education. Baker was most recently a reporter with Newsweek.

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