Morning Media Newsfeed: 03.11.13
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Online Betting Site InTrade Shuts Down (AllThingsD)
InTrade, the Ireland-based website that allows users to place wagers on non-sports-related upcoming events, announced on Sunday that it is shutting its site down. In an official statement, the company does not go into great detail as to why it is closing its doors, only that it is related to "financial irregularities which, in accordance with Irish law," require InTrade to cease operations until resolved. Business Insider The site was controversial. It was popular among pundits and amateur fans of U.S. politics, as it allowed people to place bets on various real-life event outcomes (Would Obama win? Who would be the GOP nominee? Will the Supreme Court uphold Obamacare?). When it came to dealing with U.S. users, the company was always operating in a clearly gray area of the law, as it crossed the line into both futures trading and online gambling. The Atlantic Wire Now, the InTrade shutdown was abrupt but not altogether surprising. The Dublin-based company's been in U.S. regulators' sights for ages, and last November, the U.S. Commodity Futures Trading Commission sued InTrade for running an informal exchange and accused it of breaking an online gambling settlement. This also meant that InTrade would have to cease its U.S. operations, prompting pundits to start wondering when the whole house would come crashing down. The Atlantic For those with money tied up with InTrade, the company says it has "closed and settled all open contracts at fair market value as of the close of business on March 10, 2013" and that they can still see their account details by logging into the site.
Brooke Shields Might Join The View in Shakeup (San Francisco Examiner)
The golden era of The View as we know it has ended. Now all we have are precious memories. Joy Behar has announced that she will be leaving in August after 17 years, Elisabeth Hasselbeck's contract reportedly has not been renewed and Brooke Shields might sign on as her replacement. US Weekly Hasselbeck will go down in history as one of The View's most divisive co-hosts in the talk show's 16-year history. As exclusively reported by Us Weekly March 8, the conservative 35-year-old mother of three will not be returning for another season of the ABC daytime talk show. New York Daily News There may even be more changes in store for The View. Sources told the Daily News that the show's creator/executive producer and star, Barbara Walters, is considering stepping down. Walters and representatives for the show declined to comment.
Netflix Series Spending Revealed (Variety)
Netflix may be notoriously secretive about the economics of its original programming, but not everyone who works with the streaming service works quite the same way. CAA TV literary agent Peter Micelli was forthcoming about how Netflix -- and other digital media upstarts -- do business with Hollywood during a panel discussion Friday at the UCLA Entertainment Symposium. "The cheapest show is $3.8 million an episode," Micelli told a crowd of more than 500 lawyers in the entertainment business. "House of Cards started at $4.5 million and [executive producer David] Fincher took it way above that." Deadline Hollywood According to Micelli, the next series Hemlock Grove is costing $4 million an episode, while Orange Is The New Black is just under $4 million as well. The Verge As reported by Variety, Redbox and Verizon are hoping to break into original content of their own eventually on the new Redbox Instant service that is scheduled to launch in the next month or so.
Mail Online to Expand as it Hits Top Spot (Financial Times)
The digital offshoot of the UK's Daily Mail tabloid attracts a growing audience of more than 50 million unique monthly visitors across the globe, trouncing China's People's Daily, The New York Times and The Guardian, according to comScore. Now, the tabloid is putting more firepower behind expanding its international digital media empire, hiring teams of reporters and ad executives across the US.
Obama Pokes Fun at Woodward, Press Grumbles in Gridiron Speech (Politico / Dylan Byers on Media)
President Obama took more than a few lighthearted digs at the Washington press corps in his Saturday night speech at the Gridiron Club's annual white-tie dinner, including a long riff on Bob Woodward, who recently suggested White House aide Gene Sperling had threatened him in an email. "We noticed that some folks couldn't make it this evening. It's been noted that Bob Woodward sends his regrets, which Gene Sperling predicted," the president said to the laughter of the room. HuffPost / Reuters "Can anybody tell me when an administration has ever regretted picking a fight with Bob Woodward?" Obama joked. "What's the worst that could happen?"
Jeb Bush Calls Media 'Crack Addicts' (The Hill / Hill Tube)
Former Florida Gov. Jeb Bush, growing tired about speculation over a 2016 White House run and his relationship with one-time protégé Sen. Marco Rubio (R-Fla.), called the media a bunch of "crack addicts." "Man you guys are crack addicts. You really are obsessed with all these politics. Marco Rubio is a great guy," Bush told NBC's David Gregory, after the Meet the Press host asked him about who is Florida's hottest politician. TVNewser "I have been called many things..." Gregory replied. "OK, heroin addict," Bush said. "Put aside the politics for a moment, we have big challenges and Marco Rubio, to his credit is working on those."
Al Jazeera in Site Hunt (WSJ)
Al Jazeera has taken a look at the former New York Times building as part of its hunt for a New York headquarters for the U.S. cable channel it plans to launch in July, according to multiple people familiar with the matter.
The New CNN Gets into the Big Data Game (Adweek)
CNN is once again trying its hand at the analytics game in the upfront, only this time it has the backing of a larger partnership. The cable news network is joining forces with Nielsen and Arbitron to create CNN All-Screen, which will measure out-of-home and cross-platform viewing to create a more accurate measurement for the network's ad impressions.
White House Official Who Bettered Hispanic Media Access Steps Down (The News & Observer)
An Obama administration official credited with improving White House access for the burgeoning Hispanic news media is leaving his post. Luis Miranda, who grew up in South Florida and staffed then-presidential candidate Al Gore's Miami-Dade campaign office, is stepping down to return to the private sector as a communications consultant.
Saturday Night Live Hits Season Highs with Justin Timberlake (THR / The Live Feed)
Justin Timberlake returned to Studio 8H on Saturday for his fifth time hosting Saturday Night Live. His appearance, and the slew of cameos that accompanied it, gave the show a sizable boost in ratings. Preliminary Nielsen figures give the episode a 5.9 rating among metered-market households and a 15 share. That's the largest haul for the NBC series in 14 months, since Charles Barkley hosted in January 2012.
Time Magazine Spin-Off Highlights Risks Facing Magazines (HuffPost / AP)
From Sports Illustrated to People to its namesake magazine, Time Inc. was always an innovator. But now when the troubled magazine industry is facing its greatest challenge, the company Henry Luce founded is struggling to find its way in a digital world.
YouTube Co-Founder Prepping Possible Rival (Adweek)
YouTube has had its share of competition over the years. Companies like Vimeo and DailyMotion (plus copyright lawsuits and crushing overhead costs) led Chad Hurley and the video-sharing site's co-founders to sell YouTube to Google. More recently Hulu and others have entered the fold. Soon Hurley, who left Google/YouTube in 2010, will launch a potential new rival. The Next Web Six and a half years after Google bought YouTube for $1.65 billion in a move that, while questioned at the time, has proved to be an astute piece of business, Hurley says he's a month away from launching a platform to complement YouTube which is specifically for content collaborations.
Matt Lauer's Bruising Year After Ann Curry's Ouster Devastated the Today Show (The Daily Beast / Spin Cycle)
One day last fall, Matt Lauer walked out of his 30 Rock office and took the elevator to the 51st floor to see Steve Burke, the chief executive of NBC Universal. Lauer was feeling down. Week after week, he was getting pummeled by the press for the sinking fortunes of the Today show. The veteran host was being blamed for the messy departure of Ann Curry and the downward ratings spiral of what had been the iconic program in morning television. "If you think the show's better off without me, let me know, and I'll get out of the way," Burke recalls Lauer saying.
The Guardian Slips Below 200,000 Sales in Tough Month for Dailies (The Guardian)
The Guardian slipped below 200,000 average daily sales for the first time in February. Sales of the Guardian News & Media title dropped 5.31 percent month on month to 193,586, according to the latest Audit Bureau of Circulations report.
Where WordPress is Headed: Longform Content, Curation and Maybe Even Native Ads (paidContent)
WordPress is a content company, CEO Matt Mullenweg stressed in a panel Saturday at SXSW Interactive -- and longform content is an area that the company is especially interested in. That could include native ads.