Posts Tagged ‘The Wrap’
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As all media companies have struggled recently, it’s been a particularly difficult year for business-to-business trade publishers, with many, including Nielsen, folding publications and some even filing for bankruptcy. And as Waxman reports about Nielsen’s pubs:
“Individuals knowledgeable about the state of the trades said that all of Nielsen’s entertainment titles were suffering. ‘Billboard is doing so-so, Adweek is not doing well at all, and THR is not great,’ said this former senior Nielsen executive. ‘The B-to-B market has just collapsed.’”
But will this sale mark the end of these publications lives? Or will it give them a hope at survival?
Related: Nielsen Folds Radio & Records
The Wrap‘s Sharon Waxman, who first reported that a deal between cable provider Comcast and GE-owned NBC Universal “had already been completed,” said yesterday that an agreement is “done in principle.”
“What I am hearing from inside and around the deal is that indeed the Comcast deal to buy 51 percent of NBC-Universal is done in principle, but it will be several more weeks before anything official is announced.
‘They’ve all agreed to agree,’ is how one executive with knowledge of the deal put it.”
After Waxman’s first story broke earlier this month, NBCU CEO Jeff Zucker sent an email to staffers that didn’t dispute the possibility of a deal — although it didn’t address any specifics. “It is an exciting time, and these are exciting possibilities,” he said. Read into that what you will.
Now, there a few reports that News Corp. and Liberty Media are also looking into picking up a piece of NBCU. Waxman shoots those rumors down, “Nobody I know believes the latest round of sniffing around the edges of NBC-Universal by NewsCorp or Liberty Media.”
If Waxman is right, we might be hearing an announcement about a completed deal soon. We’ll keep you posted.
Rumors, theories and conjectures have been swirling since The Wrap reported yesterday that a deal between cable provider Comcast and GE-owned NBC Universal “had already been completed at a purchase price of $35 billion.”
But reps from Comcast later told Bloomberg, “the report that Comcast has a deal to purchase NBC Universal is inaccurate.”
However, that same report revaled that “negotiations for Comcast to buy about 50 percent of NBC Universal have been under way for at least two months.” Such a deal would depend on whether French company Vivendi SA decides to sell its 20 percent stake in NBCU.
After the jump, what some people around the industry are saying about the possible deal.
Update: Our sister blog TVNewser has an email from NBCU CEO Jeff Zucker to employees. Of the future of Vivendi’s stake, Zucker said, “They have not yet made us aware of any final decisions about their future with us; should they choose to exit, there are a number of possible things that could happen.”
After reporting on the newest hire at New York Post gossip column Page Six last week, The Wrap and Gawker noticed yesterday that longtime contributor Bill Hoffman has been taken off the column’s masthead (at left).
At the time, Stern told FishbowlNY: “Bill’s a nice guy. And he’s been writing about stupid celebrities and sparring with publicists for years.”
As for why Hoffman decided to leave his post after more than three years, one insider told Gawker, “Hoffman, who’s in his 50s, may have just outgrown caring about the celebrity detritus that made up his beat on P6.”
Smith told Gawker the Page Six gig is her “dream job.”
Good luck, Emily. Drop us a line sometime.
The Wrap: Page Six Names New No. 2
LA Observed is reporting that the already beleaguered L.A. Times, amidst rumors of further layoffs, has decided to fold its local section into the front section, “which will be reconfigured to downplay national and foreign news — despite…unanimous and vocal objections of senior editors.”
Eliminating stand-alone local coverage was a decision, you may recall, that the New York Times made last October and considering this week’s dire news on the Times front one wonders what section may next be considered extraneous. The Style Section? Sunday Times devotees everywhere may shudder at the thought but Jack Shafer tells the (newly launched) The Wrap why not?