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Posts Tagged ‘Yahoo News’

Morning Media Newsfeed: 550 Buyouts, Layoffs at Turner | Amazon Acquires Twitch

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550 Buyouts, Layoffs Imminent at Turner; HLN, CNN Among Cuts (The Wrap)
Some 550 buyouts are to be offered at Time Warner’s Turner network this week, including a large number of those at CNN and HLN, which will lead to layoffs if they are not taken voluntarily, according to an individual with knowledge of the network’s plans. TVNewser CNN chief Jeff Zucker will certainly want to protect CNN’s investment in original series and documentaries; the type of programming he’s gone all in on since taking the reins last year. Which departments and programming are affected by cuts remains to be seen. Variety Word of the staff cuts comes at a time when key Turner nets are at a crossroads. Turner’s entertainment networks are poised for a management overhaul following the departure in April of Steve Koonin as entertainment group chief. Meanwhile, CNN sibling HLN has been rumored to be in for a major makeover, possibly in a partnership deal between Time Warner and Vice Media. B&C The buyouts are part of the Time Warner unit’s efforts to cut costs as part of new CEO John Martin’s Turner 2020 plan aimed at cutting costs and aligning spending with company priorities. Turner officials had no comment, but sources said that the voluntary layoffs will be offered throughout Turner, including its news networks CNN and HLN, as well as its entertainment networks, including TNT and TBS. The company is not aiming at a specific headcount but rather is seeking to hit an expense number that includes personnel and other costs. THR The plan at Turner, which employs about 14,000 people worldwide, involves a formula that will allow workers at least age 55 and with a certain number of years seniority to take a buyout somewhat more generous than the usual two weeks of pay for every one year of service, according to a person familiar with the situation.

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Morning Media Newsfeed: Forbes Sells Majority Stake | Kindle Unlimited Unveiled

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Forbes Media Sells Majority Stake to Hong Kong Investor Group (FishbowlNY)
In the past six years, Forbes has expanded its international publishing reach from nine licensed local editions to 36. Content is now consumed in 63 countries, in 21 different languages. Friday, the company solidified its international reach with the announcement that a majority stake has been sold to a group of Asian investors. NYT / DealBook The terms were not disclosed, but the transaction values Forbes Media at $475 million, said a person close to the deal. Forbes’ new controlling shareholders will be Integrated Whale Media Investments, a group that includes the Hong Kong investor Tak Cheung Yam and Wayne Hsieh, the Singaporean co-founder of AsusTek Computer. Forbes The Forbes family will retain a significant ownership stake, will stay actively involved in Forbes Media and will work with the investor group to further increase market share of the existing Forbes Media product lines in media, digital, technology, as well as brand extensions. Upon closing, Elevation Partners will fully exit its investment in Forbes Media. Mashable In a statement, the family and its new majority owners framed the deal as a way to ensure Forbes‘ brand and journalistic operations continue to expand. “Our partners respect our brand and values, and support our longstanding mission of championing entrepreneurship and free market capitalism through quality, independent business journalism,” Steve Forbes said in a statement. Capital New York Forbes Media will remain headquartered in the U.S., and there will be no change at the top — Steve Forbes will continue as chairman and editor-in-chief, and Mike Perlis will remain CEO. The company reported that it made a profit in 2013; the company projected a revenue of $144.6 million for the year, according to a report.

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Morning Media Newsfeed: Vargas Detained, Released | Abramson Books Two Interviews

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Jose Antonio Vargas Released From Federal Custody in Texas (TVNewser)
Jose Antonio Vargas, the Pulitzer Prize-winning journalist who was the focus of the recent CNN documentary Documented, was released from the custody of U.S. Border Patrol agents Tuesday evening. FishbowlDC Vargas was detained in McAllen, Texas Tuesday, days after speculating that he may be stuck in the border town. On Friday, Vargas wrote an essay for Politico, where he described his visit to a children’s shelter for Central American refugees. FishbowlNY Vargas was leaving the town to go to a screening of his film in Los Angeles when he was arrested. He was brought to a border patrol station for questioning. Supporters and members of the media gathered across the street, and were warned that if they approached the station any closer, they would also be arrested. HuffPost Vargas flew to the border last week to interview and film undocumented immigrants who have fled their home countries in Central America due to escalating violence. A TSA agent at the McAllen-Miller Airport initially cleared Vargas’ Philippines-issued passport when he attempted to board a flight Tuesday morning. He was placed into custody soon after, however, when he couldn’t produce a U.S. visa at the request of a border patrol agent. Politico / Dylan Byers on Media Vargas, who won a Pulitzer as part of a Washington Post team in 2008, has become an outspoken advocate for undocumented immigrants after “coming out” as undocumented in a New York Times story in 2011.

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Morning Media Newsfeed: ABC News Expands to Apple TV | AT&T, DirecTV Sell Merger

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ABC News on Apple TV ‘for Everyone’ (LostRemote)
As of 10 a.m. ET Tuesday morning, ABC News is officially available on Apple TV. TVNewser The new ABC offering features a 24/7 livestream made up of news events and anchored reports, a wide variety of video-on-demand-clips, local content from various ABC News affiliates, content from ABC’s 50-year-old archives, and more. The ABC News Apple TV product also offers an extension of ABC News’ broadcast coverage. TVSpy It also offers a local news section, which showcases top video-on-demand clips from some of the country’s biggest markets. At launch, content from eight ABC-owned stations — including WABC in New York, KABC in Los Angeles, WLS in Chicago, WPVI in Philadelphia, KGO in San Francisco, KTRK in Houston, WTVD in Raleigh and KFSN in Fresno — can be found under the “Local” tab. Variety ABC lacks a cable news channel, unlike broadcast peers Fox and NBC. Now, through Apple TV, ABC News has a 24-hour over-the-top network of sorts available on big-screen TVs. CBS, meanwhile, which also doesn’t have a cable news net, has been exploring a similar digital news service for several years. Capital New York Even when there isn’t live rolling coverage, the app will continue to be updated with segments from ABC News programming, as well as live video feeds from events like speeches or a shot of Earth from the International Space Station. On Apple TV, there are already apps for Bloomberg, The Wall Street Journal and Sky News, among others, but ABC marks the biggest bet by far from a U.S. TV news outlet, at least in terms of live coverage and original content. Other channels, like CNN and Fox News, are available for streaming online, but they require viewers “authenticate” that they are pay-TV subscribers. The ABC News app will not require authentication, making it free for everyone.

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Morning Media Newsfeed: Al Jazeera Journos Sentenced | Post-Dispatch Defends Decision

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Jailed Al Jazeera Journalists Convicted in Egypt (CNN)
Three Al Jazeera English journalists were convicted Monday of aiding the Muslim Brotherhood in a ruling that immediately outraged journalists and activists around the world. The Guardian Former BBC correspondent Peter Greste, from Australia, ex-CNN journalist Mohamed Fahmy and local producer Baher Mohammed were jailed for seven, seven and 10 years, respectively. Four students and activists indicted in the case were sentenced to seven years. NYT Prosecutors accused the three journalists of conspiring with the Muslim Brotherhood to broadcast false reports of civil strife in order to bring down Egypt’s military-backed government. But the prosecutors have not publicly disclosed any evidence that the journalists either conspired with the Brotherhood or broadcast false news. HuffPost / AP “I swear they will pay for this,” Fahmy, who was Al Jazeera English’s acting Cairo bureau chief, shouted angrily from the defendants’ cage after the sentences were announced in the Cairo court Monday. Greste, a correspondent, raised his fists in the air. “They just ruined a family,” said Fahmy’s brother Adel, who was attending the session. He said they would appeal the verdict but added that he had little faith in the system. “Everything is corrupt,” he said. Al Jazeera Al Jazeera English managing director Al Anstey said the verdicts defied “logic, sense and any semblance of justice,” adding, “[Monday] three colleagues and friends were sentenced, and will continue to be kept behind bars for doing a brilliant job of being great journalists. ‘Guilty’ of covering stories with great skill and integrity. ‘Guilty’ of defending people’s right to know what is going on in their world.” The Washington Post The verdict was delivered in a brief session at a courtroom in the Tora prison complex, where the detainees have been imprisoned for nearly six months.

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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: Second TV HQ Seized | Twitter Stock Tanks | Filmmaker Strikes Deal With the AP

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Pro-Russian Separatists Seize TV HQ In Eastern Ukraine (Reuters)
Pro-Russian separatists took control of the regional prosecutor’s office and television center in the eastern city of Luhansk on Tuesday, having earlier seized the government headquarters, a Reuters photographer said. BBC News Activists went into the regional television station, but decided not to take it over after they were allowed to make a live broadcast. Following the takeovers, President Oleksandr Turchynov demanded the dismissal of the police chiefs in Luhansk and the other eastern city of Donetsk. Business Insider Pro-Russian separatists have now seized government buildings in at least 10 cities throughout the eastern part of the country. Pro-Russian activists have also shot the mayor of Kharkiv, Ukraine’s second-largest city. All the while, journalists throughout eastern Ukraine routinely face intimidation amid the threat of kidnapping and assault. The Guardian About 3,000 activists — some in masks and military fatigues — stormed the regional government HQ and other key buildings. A pro-Russian militia had occupied the security service office in Luhansk, a town of 465,000, just 20 miles from the Russian border. In recent days, Kiev’s tentative grip on local law enforcement in the east appears to have slipped completely. In Luhansk, riot police stood passively in a courtyard. “The regional leadership does not control its police force,” Stanislav Rechynsky, an aide to the interior minister in Kiev said. “The local police did nothing.” WSJ The latest moves in Ukraine’s eastern Luhansk region came despite a new wave of sanctions on Russia by the U.S. and European Union aimed at forcing the Kremlin to rein in the activists, who have echoed Russian President Vladimir Putin in denouncing Ukraine’s two-month-old government as illegal. The attacks on Luhansk’s regional police headquarters, administration building, prosecutor’s office and television broadcasting facilities mark the biggest advance for the pro-Russia rebels since early April, when militants took control of the regional building of Ukraine’s state-security service, the SBU.

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Morning Media Newsfeed: Disney Cuts 700 | FCC vs Shared Stations | Tribune Names CEO

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Disney Interactive Lays Off Roughly 700 (THR)
The Walt Disney Company has laid off approximately 700 employees at Disney Interactive, a company spokesperson confirmed. Prior to the layoffs, roughly 2,800 employees worked at the division, representing a cut of approximately 26 percent of its total workforce. Variety Cuts were expected, but not on this scale. They were anticipated to mostly affect Disney’s Playdom group, which produces games for social media platforms. A Disney rep said the layoffs will occur across the board in the business unit. Re/code Last month, Disney Interactive reported its second consecutive quarter of profitability after a long string of losses, credited to the success of Disney’s console game Disney Infinity. However, in tandem with the layoffs, the company will cease in-house console game development beyond supporting Infinity and publishing the as-yet-unreleased game Fantasia: Music Evolved, developed by Harmonix. New Disney games will instead be licensed out and developed by other studios. NYT Disney Interactive makes up a tiny piece of the Disney empire. The entertainment conglomerate as a whole had $1.84 billion in profit and $12.31 billion in revenue in its most recent quarter; Disney Interactive had operating income of $55 million on revenue of $403 million, according to financial filings. Reuters Disney’s games and online division has for years been a persistent money loser and a small but significant drag on a corporate empire that spans movie-making and television to cable network ESPN, theme parks and cruise lines. Last year, Disney Interactive lost $87 million as revenues rose 26 percent from 2012; the division has lost a total in recent years of more than $1 billion.

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Garance Franke-Ruta Joins Yahoo News

Yahoo! has hired Garance Franke-Ruta as Washington editor for Yahoo News. Franke-Ruta comes to Yahoo News from The Atlantic, where she served as a senior editor with a focus on national politics.

“Garance has the creativity, passion and experience that Yahoo News needs to break news and create conversation with our political coverage,” said Megan Liberman, editor-in-chief of Yahoo News, in a statement. “She also happens to be one of the smartest and most social media savvy political journalists in the business. I am delighted to have her guiding our Washington bureau.”

Previously, Franke-Ruta worked at The Washington PostThe American ProspectThe Washington City Paper and The New Republic.

Daniel Klaidman Named Deputy Editor of Yahoo News

Daniel Klaidman is joining Yahoo News as deputy editor. Klaidman comes to the site from The Daily Beast, where he served as national political correspondent.

“Dan is an exceptional choice for deputy editor of Yahoo News,” said Megan Liberman, editor-in-chief of Yahoo News, in a statement. “He is known for his talent in guiding writers and reporters, conceiving high-impact original stories, reacting quickly and creatively to breaking news and managing a large and active newsroom. He will make a huge contribution to the Yahoo News team.”

Prior to his time at The Daily Beast, Klaidman served as Newsweek’s managing editor from 2006 to 2011. He also served as the magazine’s Washington bureau chief from 2001 to 2006. Klaidman joined Newsweek in 1996.

Klaidman’s appointment is effective immediately.

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