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Barnes & Noble Nook Revenues Down 26 Percent (GalleyCat)
Barnes & Noble reported that Nook segment revenues totaled $316 million for the fiscal third quarter, sinking 26 percent compared to the same period last year. The company blamed "lower device unit volume" for the sagging sales, and promised to "significantly reduce Nook's expenses." NYT / Media Decoder The retrenching of the Nook unit represents a setback to the Barnes & Noble plan to build up its device business as a way of staying competitive in the rapidly changing eBook market. AppNewser While the Nook business includes both device sales and digital content sales, the company did report that digital content sales were up 6.8 percent over the prior year. Reuters Last year Barnes & Noble carved out Nook and its college bookstore business into a new unit called Nook Media. That has attracted investments from Microsoft Corp and Pearson LLC, but Barnes & Noble still owns 78 percent. Fox Business For fiscal 2013, the bookseller said it continues to expect retail same-store bookstore sales to decline in the low- to mid-single digit range, with Nook Media losses comparable with the year-earlier period.
Bloomberg Businessweek Editor Regrets Publishing Controversial Housing Cover (Yahoo! News / The Lookout)
Bloomberg Businessweek is taking a beating from critics who say the magazine's recent cover -- featuring a cartoon illustration of what appears to be a black family rolling in cash from a housing rebound -- is racist. "Our cover illustration got strong reactions, which we regret," Josh Tyrangiel, Bloomberg Businessweek's editor-in-chief, said in a statement to Yahoo! News. "If we had to do it over again, we'd do it differently." NY Mag / Daily Intelligencer "It's racist and a mischaracterization," says Dedrick Muhammad, senior director of economics at the NAACP. "They are clearly racializing the issue by having mostly Blacks and Latinos, possibly only Blacks and Latinos, benefiting." CJR / The Kicker Before we all jump on the "Bloomberg Businessweek is racist" bandwagon, let's take a second to ask: Who actually drew that cover depicting four people, all apparently minorities, sitting on wads of cash? Turns out it's a Peruvian guy named Andres Guzman, according to both Businessweek's design Flickr account and Guzman's Tumblr. "The assignment was an illustration about housing. I simply drew the family like that because those are the kind of families I know," said Guzman. "I am Latino and grew up around plenty of mixed families."
CQ Roll Call Biz Side Implodes (FishbowlDC)
CQ Roll Call called an all hands sales meeting at approximately 6:30 a.m. for every rep in the office, FishbowlDC has learned. They were told to cancel all appointments for the day. At the meeting, CQ Roll Call senior vice president Jim Gale told the entire sales team that they ran out of money and that they cannot pay them for February or March.
Good Day NY Beats Today During Sweep, GMA Posts Largest Lead in 19 Years (Deadline Hollywood)
The bad news keeps coming for NBC's embattled Today. In the show's home market, New York, Today was beaten by Fox station WNYW's Good Day New York for the first time since the introduction of the Local People Meters in 2003. For the February sweep, Good Day NY averaged a 1.3/9 in adults 25-54 vs. 1.2/.8 for Today from 7-9 a.m. TVNewser Robin Roberts' much-hyped return to GMA put the show over the 6 million total viewer mark, making it the most-watched week in more than 19 years. GMA was up 23 percent in total viewers and up 11 percent in younger viewers for the week. Wednesday's show, which saw Roberts' return, drew 6.58 million viewers, the most since the royal wedding nearly two years ago.
Bradley Manning Tried Going to NY Times, Washington Post, Politico Before Turning to WikiLeaks (HuffPost)
WikiLeaks whistleblower Bradley Manning revealed on Thursday that, before turning to Julian Assange's organization, he tried to get The New York Times, The Washington Post and Politico interested in some of the explosive confidential material in his possession. HuffPost / The Backstory It's unclear exactly when Manning may have contacted the Times, but if it was before going to WikiLeaks, Clark Hoyt would've been public editor. Hoyt served as public editor -- a position that includes being in-house critic and reader representative, not part of the newsgathering operation -- from May 2007 to June 2010. "I have absolutely no recollection of ever hearing from him," Hoyt told The Huffington Post on Thursday. "To our knowledge, Manning did not contact us," a Washington Post spokesperson told The Huffington Post. A Politico spokesperson declined to comment.
Press Corps to Woodward: Really? (Politico / Dylan Byers on Media)
Bob Woodward has suggested that the White House threatened him. Many of his colleagues in the press corps aren't buying it. By the standards of this White House, a statement like the one senior White House official Gene Sperling wrote to Woodward last week -- "I think you will regret staking out that claim" -- is both mild and familiar, reporters who have dealt with the Obama administration say. AndrewSullivan.com Does this read like a man writing to someone threatening him with anything? That's a lie, and Woodward has now been exposed as a liar. Excuse me, but given his reputation as a journalist, that is "madness." FishbowlDC Woodward isn't the Queen Mother. He isn't infallible. He’s done some amazing work in his time, but he should know better. You'd think someone who has been around this long would have thicker skin.
BuzzMedia CEO Says Company Will be Profitable Sometime in 2013 (FishbowlLA)
Thursday was D-Day at BuzzMedia. However, company CEO Stephen Hansen wants to be very clear about something within the context of the layoff of approximately 50 employees (two thirds in New York, the other third in LA). "One of the things I was committed to when I took over as CEO was making sure we had the capital to make the changes that would really add a lot of value," Hansen tells FishbowlLA.
Fox News Gives Former Swimsuit Model Carol Alt New Health and Lifestyle Show (THR)
Carol Alt has landed her own weekend show on the Fox News Channel, The Hollywood Reporter has learned. In somewhat of a departure for the network, the 1980s supermodel won't be discussing politics or current events but instead will offer advice on beauty and healthy living.
ESPN Ordered to Pay Dish $4.86 Million (WSJ)
A federal jury in Manhattan ordered ESPN Inc. to pay Dish Network Corp. $4.86 million in damages in a dispute over licensing rates for sports broadcasts. Dish Network alleged that the sports broadcaster violated an eight-year broadcast licensing agreement by offering more favorable rates to the satellite provider's competitors. The agreement is set to expire later this year.
Girls Gone Wild Goes Bust, Files for Bankruptcy (Philadelphia Inquirer)
"Show us your boobs" has become "Show us your books." The company behind Girls Gone Wild has filed for bankruptcy. The video empire -- one which recalls Rome under Caligula -- filed for Chapter 11 protection in a move it says is an effort to restructure its legal affairs after several disputed court judgments.
Dish Network Takes to Twitter in Battle with Broadcasters over Ad-Skipping DVR (NYT / Media Decoder)
The Dish Network's battle with broadcasters over a tricked-out digital video recorder called the Hopper has come to Twitter. Dish on Thursday accused CBS of telling one of the network's stars, Kaley Cuoco of The Big Bang Theory, to take down a Twitter message promoting the Hopper to her 1.2 million followers. For whatever reason, Cuoco deleted the message.
Greta Van Susteren's Husband John Coale Battling Cancer (TVNewser)
Attorney, TV commentator and political adviser John Coale is battling cancer. His wife, Fox News Channel anchor Greta Van Susteren, revealed the news on her blog, GretaWire. Van Susteren says that he was diagnosed in December, and has undergone a number of surgeries since.
Meet the Lady Behind the 'Said to Lady Journos' Tumblr (Poynter)
The woman who created the new "Said to Lady Journos" Tumblr was taken aback when a male labor union representative recently told her: "You're pretty smart for a young lady." "It knocked me sideways," said the creator, a West Coast newspaper reporter who wishes to remain anonymous so as not to jeopardize her job. "I was shocked that someone would say something like that to me."
Poll: Internet Edges Networks as Public's Source for News (Washington Examiner / Washington Secrets)
Bye bye, Walter Cronkite, Brian Williams and Scott Pelley. Hello Google, Yahoo! and Drudge. A new Rasmussen Reports poll finds that traditional network news continues to fall as the nation's source for news.
Who Will Buy the LA Times? (LA Weekly)
It was late 2006, and Los Angeles Times managing editor Leo Wolinsky had been summoned to the home of entertainment mogul David Geffen. A billionaire five times over, Geffen was interested in buying the newspaper Wolinsky edited. Very interested. His opening bid, as the Times itself would later report: $2 billion. Cash.