Morning Media Newsfeed 04.23.13
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News Corp. in $139 Million Settlement With Shareholders (NYT)
As News Corp. continues to negotiate settlements with victims of a phone-hacking scandal within its British newspaper division, its board on Monday reached a $139 million settlement with a group of United States shareholders. News Corp. will not pay any of the $139 million settlement. Rather, the company will receive a payment from insurance that protects corporate boards from this type of litigation. FishbowlNY The group of shareholders suing on behalf of the company, who settled the class suit, filed in Delaware two years ago and claimed the board failed to prevent the phone-hacking scandal in the U.K. and negotiate a fair price for the acquisition of Shine Group, a TV production firm owned by the boss' daughter, Elisabeth Murdoch. WSJ "We are pleased to have resolved this matter," the company said in a statement. "The agreement reflects the important steps News Corporation has taken over the last year to strengthen our corporate governance and compliance structure, and we have committed to building on those efforts going forward."
Reuters Fires Staffer Accused of Aiding Hacking Group (FishbowlNY)
Matthew Keys, Reuters' social media editor, has been fired. In March, Keys was indicted by the Department of Justice for allegedly aiding Anonymous, the computer hacking group. Keys was charged with giving computer log-in information to Anonymous, who then used it to hack into the Los Angeles Times. Politico / Dylan Byers on Media Peter Szekely, secretary-treasurer of the Newspaper Guild of New York, said in a statement, "Our contract with Thomson Reuters prohibits management from dismissing anyone without just and sufficient cause. We don't believe the company has the required justification here. At this point, we intend to vigorously defend Matthew Keys as we would any other hard-working member of the Newspaper Guild of New York who had been fired without cause." Matthew Keys / Tumblr I'm fine, though. I still love my colleagues at Reuters. Working there has made me a better journalist. The 14 months I was employed at 3 Times Square were, so far, the best of my career. My career goal was to make it to the East Coast, and my boss took a chance on this goober in San Francisco when he offered me the job last year.
Netflix Surpasses HBO in U.S. Subscribers (Variety)
Netflix reported 29.17 million domestic subscribers in the first quarter of 2013, surpassing HBO for the first time. Netflix, which ended 2012 with 27.15 million domestic subs, added just over 2 million subs, according to first quarter results issued Monday. Bloomberg Netflix has won over consumers and Hollywood with its mix of TV reruns, old movies and original shows, all for $7.99 a month with liberal policies that let family and friends share one account. CEO Reed Hastings may now be able to squeeze more profit from his 33.3 million customers by tightening up those policies or boosting prices. As many as 10 million people are watching the online video service without paying, according to Michael Pachter, a Wedbush Securities analyst in Los Angeles. The Wrap Netflix generated more than $1 billion in revenue in the first fiscal quarter of 2013, exceeding analysts' expectations for its financial results and underscoring the company's resurgence in recent months. The Verge Netflix currently permits subscribers to stream two movies or TV shows simultaneously from different devices, but according to the company's top executives, that limit is about to grow.
CBS Invests in TV-Streaming Tech Provider Syncbak (CNET)
CBS has made an investment in Syncbak, the company said Monday, giving it a minority stake in the television-streaming technology provider as it continues its focus on mobile. Syncbak, a privately held company founded in 2009, makes location-based authentication technology that allows local television stations to stream their signals to in-market customers. Variety The move is seen as one way the industry is responding to over-the-top startup Aereo, which refuses to pay retransmission fees and has won a pair of court victories against nets.
A.J. Clemente Fired From KFYR After Using Profanity During First Newscast (TVSpy)
A.J. Clemente has been fired from Bismarck NBC affiliate KFYR after his first words at the anchor desk were "f****** s***," he announced on Twitter: "Unfortunately KFYRTV has decided to let me go. Thank you to them and everyone in ND for the opportunity and everyone for the support." TVNewser A standard rule across the television business: Always assume your mic is hot. Clemente has been fielding interview requests on Twitter. Our question: Which television network will get to him first? TVSpy David Letterman's Top 10 list Monday night was all about A.J. Clemente.
AP Executive Editor: We Deserved 'Shellacking' for Boston Marathon Misreporting (HuffPost / The Backstory)
Kathleen Carroll, executive editor of The Associated Press, addressed "some missteps" Monday in the news organization's coverage last week of the Boston Marathon attack investigation, including having misreported Wednesday that a suspect was in custody and expected in federal court. "We took a shellacking, a deserved one, for reporting that a suspect was in custody when, as the hours passed, that information began to look wobbly," Carroll said in a staff memo, obtained by The Huffington Post. Reuters / Jack Shafer Journalists don't need to dip into a box labeled "Half-truths and Innuendo" to make mistakes: Screwing up has been integral to the reporting of timely news for a long time, no matter how sterling a news organization's standards.
The Worst Job of 2013: Newspaper Reporter (WSJ / At Work)
The worst job of 2013? Newspaper reporter bumped last year's loser, lumberjack, for the ignominious distinction. "It's been low for a while," says Lee (last year it was ranked 196 out of 200). "What probably pushed it to the bottom is that several things got worse."
MPAA: Film And TV Poured $15.5 Billion into China's Economy (The Wrap)
Hollywood is making the case that the growing popularity of U.S. films in China is a boon to both countries. The Motion Picture Assn. of America, the major studios' top lobbyist, announced Monday that a new study it commissioned reveals that China's film and television industry contributed $15.5 billion to its economy in 2011 and supported 909,000 jobs. The industry generated tax revenues of $3.4 billion, the study found.
Yahoo's New iOS App Includes Summly News Summaries (AppNewser)
Yahoo introduced a new iOS app which includes Summly news summaries, short blurbs with the most important facts about current news stories. The new app comes a month after the tech giant acquired Summly.
Twitter Reaches Biggest Ad Deal Yet (Financial Times)
Twitter has landed its biggest advertising deal to date, reaching a first-of-its-kind agreement with Publicis' Starcom MediaVest Group worth hundreds of millions of dollars over a multi-year period, according to people familiar with the matter.
It's Getting Harder to Make Money on YouTube (Bloomberg Businessweek)
Despite success stories about YouTube sensations such as Jenna Marbles, the vast majority of the site's users probably don't think of it as a place to earn money. For many of the more than 1 million creators who have signed up for the ad-revenue sharing program since its launch, the payout has been disappointing.
How The New York Times Tracked Down People in Image From Boston Explosion (Poynter / MediaWire)
The New York Times' Lede Blog published a call for help last Wednesday: "Are you visible in any part of this image recorded on Monday afternoon or do you know someone who was there?" "We got about 10-15 responses from the public call-out," says Times sports editor Jason Stallman via email.
Some News Orgs Skip Celebs at WHCD (FishbowlDC)
In recent years the White House Correspondents' Dinner has gotten a bad rap as the Washington event that had gone Hollywood to its own demise. Instead of White House correspondents and nerdy political types, it was Kim Kardashian, Lindsay Lohan and Sean Penn with Scarlett Johansson in his lap. This year some news outlets are avoiding celebrity guests and instead taking corporate and political guests.
Chicago Tribune Sends Pizzas to Boston Globe (JimRomenesko.com)
The Tribune told Globe journalists that "we can't buy you lost sleep, so at least let us pick up lunch." The Globe's response: "Classy to the core." FishbowlNY Erin Ailworth, a business reporter at the Globe, said on Twitter that the Tribune's Kevin Pang put in the order, from a nearby pizzeria called Regina's Pizza.
Ratings War Zone Is A Rough Place to Start The Day (NYT)
Brian Stelter's book on the nefarious network morning show wars ends up being like a breakfast made not quite to order. The eggs over easy have one hard yolk, and the bacon's a little limp. The toast is well-buttered but burned, and the coffee' short on heat. Edible? Yes. Fulfilling? Not quite.