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Posts Tagged ‘Time Warner’

Morning Media Newsfeed: NPR Appoints CEO | Colbert’s Successor Named | Clippers Tap Parsons

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Jarl Mohn Becomes NPR President and CEO (FishbowlDC)
The board of directors of NPR announced Friday that it has selected Jarl Mohn to become its next president and chief executive officer. WSJ Mohn is becoming the fifth leader in a five-year stretch marred by scandal and financial woes. Mohn hails from a flashier background than some of his predecessors at NPR. He spent years as a radio DJ, under the pseudonym Lee Masters, and served as an executive at MTV and VH1 before creating and running E! Entertainment Television. He subsequently served as chief executive of Liberty Digital Inc., a subsidiary of Liberty Media Group focused on interactive and cable television. Politico / Dylan Byers on Media Mohn, who currently serves as chairman of Southern California Public Radio, will begin his tenure as CEO on July 1. He was recruited by acting CEO Paul Haaga, who had been running the network since September after the unexpected resignation of Gary Knell, who left to join National Geographic. Deadline New York Knell left NPR after 21 months on the job, succeeding Vivian Schiller, who was forced to resign over a string of controversies. In September NPR hoped to cut its staff by 10 percent by offering staffers a voluntary buyout. It was part of a two-year plan to eliminate an operating cash deficit expected to hit $6.1 million. HuffPost / AP Board chair Kit Jensen says Mohn has a keen ability to identify media and consumer trends and has a strong track record on diversity and fairness. Mohn said in a statement that he considers the new position a mission, not a job.

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Morning Media Newsfeed: Apple to Buy Beats | Time Inc. Spin-off Set | House Questions Comcast Merger

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Apple in Talks for $3.2 Billion Beats Deal (Financial Times)
Apple is closing in on its largest ever acquisition with the planned $3.2 billion purchase of Beats Electronics, the headphone maker and music streaming operator founded by music producer Jimmy Iovine and the hip-hop star Dr. Dre. The deal could be announced as early as next week, people familiar with the negotiations said, but they cautioned that some details had yet to be agreed upon and talks could still fall apart. GigaOM While Beats Electronics is best known for its premium headphones, it launched a streaming music service, Beats Music, in January. According to the report, the streaming service would be included in the deal. Apple runs its own streaming music service, iTunes Radio. NYT / DealBook For Apple, whose revenue growth has slowed sharply in the last few years, the deal could point to a headlong move into the frontier of streaming music. iTunes Radio has been slow to enter the streaming world. At over $3 billion, the Beats acquisition would be a major departure for Apple, which under Steve Jobs favored smaller deals. CNET Beats Music debuted with a powerful billing and marketing partnership with AT&T and it has reportedly been growing quickly. Although the company has yet to disclose hard and fast subscriber numbers, industry estimates peg the total at about 200,000. The talks come as trends in music purchasing are shifting to subscription services. Data from the Recording Industry Association of America found that paid subscription services grew the fastest of all digital formats last year, rising to 57 percent, while revenues from permanent digital downloads that are iTunes’ specialty declined 1 percent. Mashable Apple has ramped up its pace of acquisitions in recent months. CEO Tim Cook has said in the past that he’s open to the idea of making 10-figure acquisitions. Apple stock was down by a little less than 0.5 percent in after-hours trading following the report.

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Time Warner Names Time Inc. Board

timeinc_logo_2.25.10Time Warner has announced Time Inc.’s board of directors. Once the spinoff from Time Warner is complete — it’s still supposed to happen in the second quarter of this year — Time Inc. CEO Joe Ripp will be chairman.

The rest of the directors are listed below.

  • David Bell, Chairman and CEO, Slipstream Communications, LLC; former co-Chairman and CEO of The Interpublic Group of Companies, Inc.
  • John Fahey, Non-Executive Chairman and former CEO, National Geographic Society
  • Manuel Fernandez, Former Executive Chairman, Sysco Corporation; former Chairman, President and CEO of Gartner, Inc.
  • Dennis FitzSimons, Chairman, Robert R. McCormick Foundation; former Chairman and CEO, Tribune Company
  • Betsy Holden, Senior Advisor, McKinsey & Company LLC; former co-CEO, Kraft Foods, Inc.
  • Kay Koplovitz, Chairman and CEO, Koplovitz & Company LLC; founder and former Chairman and CEO, USA Networks
  • J. Randall MacDonald, CEO, Managing Partner, Windham Mountain Partners; Retired Senior Vice President, Human Resources, IBM
  • Ronald Rolfe, Former Partner, Litigation, Cravath, Swaine & Moore LLP
  • Howard Stringer, Former Chairman, President and CEO, Sony Corporation

Morning Media Newsfeed: Court Torn Over Aereo | Time Inc. Board Revealed | Comcast Gains Soar

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Supreme Court Justices Express Concern Over Scope of Aereo Ruling (TVNewser)
While hearing oral arguments from attorneys representing the broadcast networks and Aereo Tuesday morning, the Supreme Court justices “appeared unsure” how to rule in the case. Reuters Aereo, backed by media mogul Barry Diller’s IAC/InterActiveCorp, could be forced to shut down if the court rules for the companies challenging the startup. A win for Aereo could spur innovation in the television industry by paving the way to new, cheaper ways for consumers to watch shows. A decision is due by the end of June. Bloomberg Hearing arguments Tuesday in Washington, some justices suggested they viewed Aereo as violating broadcaster copyrights by using thousands of dime-sized antennas to get over-the-air signals without paying fees. “There’s no technological reason for you to have 10,000 dime-sized antennas other than to get around the copyright laws?” Chief Justice John Roberts asked. At the same time, the hour-long hearing didn’t clearly indicate the likely outcome, as justices including Stephen Breyer repeatedly asked whether a ruling favoring the broadcasters would imperil the cloud computing business. Variety Some of the justices on Tuesday suggested that they faced a challenge in defining just what Aereo is, and drawing a line on where privately used consumer technology ends and a publicly performing service begins. The Washington Post Aereo argued that its thousands of antennas are essentially rented to subscribers of its $8-a-month service for users to pull programs from the public airwaves legally and then store in Internet server files to watch at their convenience. In that way, it is just a mediator, the company argued, with consumers in control of how they use the company’s antennas and storage files for pulling and recording programs from the airwaves. Most of the arguments, which lasted more than an hour, were focused on the justice’s queries about the definition of public and private performances in copyright law and how Aereo differs from cable, satellite and other Internet video firms that pay broadcasters retransmission and other license fees.

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Morning Media Newsfeed: Cuts at Kushner Papers | Time Warner Sells HQ | Manjoo to NYT

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Layoffs at OC Register, Riverside Press-Enterprise (LA Times / Money & Co.)
Significant layoffs hit the newsrooms Thursday at the Orange County Register and Riverside Press-Enterprise, a troubling sign for the Aaron Kushner-owned publications. Exact numbers have not been released at the Register, although the cuts there are reported to number roughly 35 people. The paper’s editor, Ken Brusic, and most other top editorial managers have departed, according to multiple sources in the newsroom who asked not to be named because they were not authorized to speak. LA Times The elimination of 71 employees, many of them seasoned journalists, marks a sharp reversal by Kushner, who controls Freedom Communications Inc., which owns both papers. The former greeting card executive had spent much of the last 18 months growing his publications, acquiring additional news outlets and hiring more than 100 reporters and editors in the process. LA Observed It’s all about restructuring for the future, including the Register‘s upcoming invasion of Los Angeles County, Kushner says. The “content team,” as he puts it, is now 172 people larger than when he arrived, Kushner writes. Donna Wares, previously announced as editor-in-charge of the LA Register, will become managing editor. Poynter / MediaWire Rob Curley is the new editor of the Register. He replaces Brusic, who the Register says is “stepping down as part of a reorganization of the newspaper’s newsroom.”

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Time Warner Center to Sell for $1.3 Billion

The Time Warner Center is about to be sold. The Wall Street Journal reports that Time Warner is nearing a deal with Related Companies to sell the building for $1.3 billion.

Time Warner’s goal since it asked Eastdil Secured to market the building in April has been to consolidate space. If the Related deal goes through, Time Warner would relocate to a building in Hudson Yards that Related plans to develop.

Time Warner Center, which has been open since 2003, was built by Time Warner for about $520 million.

Time Warner Promotes HR Exec

Time Warner has promoted Karen Magee to executive vice president, chief human resources officer. Magee has served as senior VP, chief human resources officer, since 2011.

Magee has been with Time Warner since 2010, when she joined as senior VP, administration, shared services. Prior to joining the company, Magee served as CEO of PlanetOut Inc., from 2006 to 2009.

“Over the last several years Karen has provided results-oriented leadership in human resources, working with our top executives across the business units to better define, measure and achieve success,” said Jeff Bewkes, CEO of Time Warner, in a statement. “Karen’s efforts have helped to create a workplace environment that attracts and motivates high-caliber talent, which in turn enables us to develop and distribute great television, film and journalism content that is valued by audiences worldwide.”

Magee’s promotion is effective January 1.

Time Inc. Spinoff Pushed Back

You’re going to have to wait a little longer to throw that “Time Inc. Is Its Own Company” party you were planning. According to Ad Age, Time Warner is delaying the Time Inc. spinoff until early next year.

The separation was originally planned for this year, but Jeff Bewkes, Time Warner’s CEO, said he wanted to wait. A factor cited for the delay was not wanting to rush Joe Ripp, Time Inc.’s new CEO.

This seems odd, considering Ripp has already said he’s willing to sell some Time Inc. brands and made his first hire. He seems ready to go.

Also, given that the longer Time Inc. stays connected to Time Warner the longer the publishing house wallows in uncertainty, this doesn’t sound like a good thing to us.

But hey, maybe this is for the best. Your party sounds kind of lame anyway.

Morning Media Newsfeed: Time Warner Threat to CBS | KTVU Producers Fired | Nashville Paper Closes


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Time Warner Cable Threatens to Drop CBS From Channel 2 Spot (AdAge / Media News)
Time Warner Cable Inc. is threatening to drop CBS from its position as the first broadcast station on its TV menu as a deadline to conclude negotiations nears. The second-largest U.S. cable provider is talking to several competitors about taking CBS’ place if the deadline passes and CBS goes dark in New York, Los Angeles and Dallas, said Maureen Huff, a Time Warner Cable spokeswoman. Deadline Hollywood The parties again have set a new deadline to settle their retransmission consent battle: This time it’s 5 p.m. ET on Monday. In a memo to staffers this week, CBS chief Leslie Moonves wrote that there’s “a very real threat” that the blackout will happen and “possibly” also affect Showtime. NYT CBS has been demanding an increase in the fees that the cable company pays to retransmit the signals of network stations to its customers. Time Warner Cable has labeled the CBS demands exorbitant. The two sides have both taken out ads denouncing the other as unreasonable, trying to lay the groundwork to blame the other party if the stations were made unavailable to the cable customers. LA Times / Company Town Media analyst David Banks of RBC Capital Markets said in a recent report that CBS is looking to increase the fee Time Warner Cable currently pays from less than $1 per subscriber per month to a figure approaching $2 in the first year and with subsequent increases in later years. Adweek While most observers believe it’s a foregone conclusion that CBS will prevail, at least one analyst said the network may have bitten off more than it can chew. In a note to investors issued last week, BTIG analyst Rich Greenfield said the availability of Aereo in New York and Los Angeles and the relatively sleepy summer broadcast season neutralizes some of CBS’ considerable leverage.

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Time Warner Names Howard Averill CFO

In the wake of Joe Ripp being named CEO of Time Inc., Time Warner has made some additional moves. The Wall Street Journal reports that Howard Averill — who was supposedly in the running for the top spot at Time — has been named CFO of Time Warner.

Averill is succeeding John Martin, who will now become CEO of Turner Broadcasting.

Averill has been with Time Inc. since 2007, and most recently served as the company’s executive VP and CFO. Prior to his time at Time Inc., Averill was with NBC Universal for 10 years.

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