TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Posts Tagged ‘Tom Lowry’

Tom Lowry Leaves Variety for The Daily

For all of the naysaysers who say The Daily won’t make it: you’ll be saying that for a while, because it’s not giving up anytime soon. Michael Calderone at Huffington Post reports that Rupert Murdoch‘s tablet publication has nabbed Tom Lowry from Variety to be its new Business Editor. Daily editor-in-chief Jesse Angelo said in a staff memo: “Tom comes to us from Variety, where he was a senior editor, and BusinessWeek before that. He is an excellent journalist and a great guy and we’re thrilled to have him aboard.”

Calderone added, “The Daily, which hopes to build a national audience, has always had its sights set beyond the Manhattan media fishbowl.” We’re trying not to take that reference personally.

Mediabistro Course

Get a Literary Agent

Get a Literary AgentStarting August 6, learn how to find the right agent for your book and write a query that will get the deal done! Taught by Barbara Clark, a book agent and publishing consultant, you will learn the best methods for finding a literary agent, the proper protocol and etiquette for seeking literary representation, how to send queries and more. Register now!

Variety’s Tom Lowry Off to The Daily

The pickup of Andrew Wallenstein in March seemed to portend a stem in the bleeding of reporters leaving Variety and its paywall.  But HuffPo’s Michael Calderone is reporting yet another staffer has been poached away by a rival publication. This time it’s New York based senior editor Tom Lowry, who’s off to The Daily to become the new business editor.

Here’s the memo from Daily editor-in-chief Jesse Angelo:

Folks,

I’m happy to announce that Tom Lowry is joining The Daily as our Business Editor. Tom comes to us from Variety, where he was a senior editor, and BusinessWeek before that. He is an excellent journalist and a great guy and we’re thrilled to have him aboard. Please give him a warm welcome when he starts July 1.

Jesse

Lowry was with Variety for little more than a year.

And BusinessWeek Goes To: Bloomberg LP

businessweek cover 1012.jpg After weeks of speculation, Bloomberg LP just announced that it has agreed to acquire BusinessWeek from McGraw-Hill Cos.

Bloomberg, a late entrant into the bidding for the business weekly, did not disclose terms of the deal.

There had been some speculation last week that, if Bloomberg were to acquire BusinessWeek, the magazine’s staff might be dumped and replaced by the current staff of Bloomberg Markets magazine. Although the press release that just went out about the deal didn’t address any staffing decisions yet, it did note that Bloomberg’s chief content officer Norman Pearlstine has now been named chairman of BusinessWeek.

“Norm’s role will ensure that we fully capitalize on the combined strengths of Bloomberg and BusinessWeek,” said Matthew Winkler, editor-in-chief of Bloomberg News.

We’ll keep you updated as this story progresses. Know anything? Let us know.

Full release after the jump.

Update: BusinessWeek‘s own “On Media” column reports that Bloomberg likely offered $2 to $5 million in cash for the magazine and “has agreed to assume liabilities, including potential severance payments.” Added reporter Tom Lowry, “It remains to be seen how much of the magazine’s 400-plus staff Bloomberg plans to cut, but reports of a planned scorched earth campaign are overblown, say sources.”

Another update: BusinessWeek Publisher Keith Fox‘s memo to the magazine’s staff: “While the ink is barely dry and the long-term plans are being worked out, we do know that Bloomberg is committed to and values our brand, our editorial integrity, and our ability to drive advertising, circulation, and new digital revenue.”

Earlier: Down To The Wire At BusinessWeek

Read more

Bloomberg “Most Aggressive” Bidder For BusinessWeek

businessweek cover.jpgAlthough BusinessWeek‘s media columnist Jon Fine has already departed for his six-month sabbatical, his publication is still closely tracking its own sale.

Bids for the business magazine were due yesterday to BusinessWeek‘s owner McGraw-Hill, and at least four parties have submitted revised bids, according to Tom Lowry, who has taken over Fine’s “On Media” column:

“Among those submitting revised bids were financial data giant Bloomberg LP, private equity firm Open Gate Capital, and investment firm ZelnickMedia LLC. At least one other bidder, which BusinessWeek was not able to identify, also submitted a bid.”

Although details of the bids are unknown, Lowry said Bloomberg has been “the most aggressive in its pursuit of BusinessWeek.” According to Lowry, Bloomberg’s chief content officer Norm Pearlstine met with various members of the BusinessWeek editorial team last week, including editor-in-chief Stephen Adler, executive editors Ellen Pollock and John Byrne and Ciro Scotti, BusinessWeek‘s managing editor. These meetings discussed topics like the possibility of integrating content from Bloomberg into the magazine and adding more editorial pages to the book, which “suggests Bloomberg might be looking at tinkering with BusinessWeek‘s traditional 60-40 mix of editorial pages to ad pages,” Lowry said.

Right now, it’s all speculation. The sales process is just at the beginning, but we’re bound to learn more as it progresses. But a successful media company like Bloomberg taking over the reins of a struggling pub like BusinessWeek certainly seems promising, even if the editorial mix of the mag may change in the future. If BusinessWeek survives in any form, and jobs are saved, it’s better than the fate suffered by other magazines, like Portfolio.

BusinessWeek Accepts Revised Bids From Potential BuyersBusinessWeek

Earlier: Getting The Skinny On The BusinessWeek Deal As Bid Deadline Looms

Jon Fine Says Goodbye

fine.jpgToday, BusinessWeek media columnist Jon Fine said his goodbyes before jetting off on a six-month sabbatical with his wife, Mediabistro.com founder Laurel Touby. Although he seemed excited about his adventures, Fine said he would miss his readers most of all:

“The biggest surprise to me about this whole taking-time-off thing is how hard it is to step away from the keyboard with the knowledge that it’s going to be a while before I come back and hang out here with you all again. Really. I can’t adequately convey how much I will miss your comments, your challenges, your wit, your exasperation with my lazier moments, and, more than anything, the attention that you’ve so kindly granted me. ‘Privilege’ is an overused word. But it’s also the only one that seems appropriate in this situation.”

Ron Grover and Tom Lowry will be updating Fine’s “Fine On Media” column while he is away. Lowry has already taken up the BusinessWeek sale beat, reporting yesterday that investment firm ZelnickMedia LLC and L. Gordon Crovitz, former publisher of The Wall Street Journal are in talks to make a play to buy the business mag.

It seems like every day there is news of another media reporter leaving the fray, so the loss of Fine will not go unnoticed. He may be missing out on some of the biggest stories in his career as he departs amid the BusinessWeek sale, but hopefully there will still be a magazine for him to come back to when he’s done globetrotting.

A Note Before I Dash Out The DoorBusinessWeek

Earlier: Mediabistro Founder Announces Sabbatical