Morning Media Newsfeed 05.10.12
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News Corp. Profits Increase Despite Scandal (NYT / Media Decoder)
News Corporation said its net income, driven largely by its strong cable television division, was $937 million in the third quarter, which ended March 31, or 38 cents a share, compared with $639 million, or 24 cents a share, in the period a year earlier. paidContent News Corp. spent $63 million on hacking-related costs in the quarter ending March 31; overall in the first nine months of fiscal 2012, costs related to the ongoing investigations dating back to the closure of The News of the World last summer have run to $167 million. In addition, the NotW closure plus some currency changes in Australia contributed to a $31 million drop in publishing revenue last quarter. Bloomberg Businessweek / AP Pay TV revenue rose 16 percent bolstered by rising fees from distributors at home and abroad and a 10 percent rise in U.S. ad revenue. Movies revenue rose 11 percent as films in various stages of release such as Alvin and the Chipmunks: Chipwrecked, The Descendants and Rise of the Planet of the Apes did better than standouts from last year's third quarter including The A-Team, Knight and Day and Unstoppable. Forbes / Mixed Media If Rupert Murdoch were to concede to pressure to step down over the phone hacking scandal afflicting News Corp., the most immediate beneficiary would be Chase Carey, News Corp.'s COO. But if Carey is eying the throne, he didn't let on during the media conglomerate's quarterly earnings call Wednesday. Reuters Carey told investors he was not considering if James Murdoch would step down from the News Corp. or BSkyB boards. The Guardian News Corp.'s management has once again backed chairman Rupert Murdoch despite mounting shareholder criticism, as it announced the firm is doubling the size of its share buyback plan to $10 billion.
Tim Armstrong: AOL Plans To Invest In TechCrunch And Engadget, Not Sell Them (AdAge / Digital)
AOL reported a 4 percent drop in average monthly visitors to AOL owned-and-operated properties when it reported first-quarter earnings Wednesday. Those entities include TechCrunch and Engadget, but CEO Tim Armstrong said the properties aren't for sale, refuting a report on tech blog PandoDaily that AOL was seeking buyers for the sites. TheWrap.com Net income at the company rose to $21.1 million, or 22 cents a share. That was roughly four times the $4.7 million, or 4 cents a share, that AOL reported a year earlier. It also trounced analysts' projections of earnings of 7 cents a share. The increase was partly attributable to a 5 percent rise in total advertising revenue, which increased to $330 million during the three-month period. AllThingsD First look at AOL's earnings: Revenue of $529 million and earnings of 22 cents a share. Wall Street was looking for $527 million and seven cents a share. The earnings beat is nice for AOL. Not nice: Domestic display sales, a key metric, shrank 1 percent after climbing for several quarters. That's going to be fresh meat for AOL critics like Starboard Value. Forbes / Mixed Media The hedge fund Starboard Value is fighting for a greater say in AOL's strategy, arguing that Armstrong's focus on premium content and display advertising isn't delivering results. Poynter / MediaWire Praise for Patch played a modest part in AOL's first-quarter earnings report released Wednesday, but for journalists interested in the growing network of hyperlocal news sites, it was an important part.
On TV News, Reactions To Obama Announcement (TVNewser)
President Obama has come out in support of same-sex marriage in an interview with ABC's Robin Roberts. Following the announcement, the broadcast and cable news channels started to analyze what it meant. TVSpy ABC has eight O&Os that often promote ABC's big exclusives. Five of the stations -- WABC in New York, WLS in Chicago, WPVI in Philadelphia, KTRK in Houston and WTVD in Raleigh-Durham -- aired the report with no special programming on either side, returning to General Hospital at its conclusion. Poynter / Making Sense Of News Journalists everywhere balanced on the tightrope Wednesday as Twitter and Facebook exploded with news of Obama's declaration that he believes gay couples should be allowed to marry. HuffPost Media figures tweeted their reactions on Wednesday as news broke that Obama endorsed same-sex marriage.
NBC's Today, ABC's The View Each Secure Six Daytime Emmy Nominations (TVNewser)
The National Academy of Television Arts & Sciences announced the nominees for the Daytime Emmy Awards on the fourth hour of NBC's Today Wednesday morning. As it happens, Today was nominated in the "Outstanding Morning Program" category along with ABC's Good Morning America. New York Daily News Entertainment talk-show nominees are Ellen, The View, The Talk and Live With Regis and Kelly, from which Regis Philbin has departed. National Academy Of Television Arts & Sciences Here is the full list of nominees.
Colin Myler's Daily News Is Working On A New National Site, 'Daily News America' (Capital New York)
New York Daily News editor Colin Myler recently hinted that the paper's "online operation" would soon be expanding its national footprint under the direction of incoming Web editor Ted Young.
Facebook Is Getting Its Own App Store For All Devices, All Platforms, All Prices (VentureBeat)
Facebook is launching a new App Center, "a place to find social Web, desktop, and mobile apps" -- and not just Facebook apps. The App Center will bring Facebook's 900 million users all the best in iOS apps, Android apps, Web apps, mobile Web apps, and even desktop apps. AllFacebook The App Center is not live yet -- Facebook's announcement said, "In the coming weeks, people will be able to access the App Center on the Web and in the iOS and Android Facebook apps" -- but developers are getting a head start to prepare, with an App Center guide and guidelines already published for their use. CNET / Crave If you're a person who likes word games -- something Facebook would know from your Facebook behavior -- the App Center will surface those sorts of apps for you. Then, when you select an app you like, you'll be sent to Apple's App Store or Google's, depending on your device. Yet Facebook will let developers offer paid apps (users will pay a flat fee to use an app on Facebook.com). AllThingsD Facebook is clear about the future of its platform: Third-party apps are the key to attracting and keeping users inside of its ecosystem.
Revenge Of The Afternoon Newspaper: Brazil's O Globo Sees Engagement Skyrocket With A Magazine-Like iPad App (Nieman Journalism Lab)
A surprising thing happened when Brazilian newspaper O Globo launched O Globo a Mais, a new weekday evening edition designed for its iPad app in February.
Search Engines Have Same Speech Rights As The New York Times, Says Google Report (paidContent)
Just as The New York Times can decide "All the News That's Fit to Print," search engines have a free speech right to choose who or what to put in their search rankings. That's the conclusion of a prominent First Amendment scholar commissioned by Google to make the case that the government can't tell search engines how to design their results.
U-T San Diego, Orange County Register Will Join Forces, Says John Lynch (San Diego Reader)
John Lynch, chief executive of the U-T, told the Downtown Lions in a power point presentation Tuesday that the U-T is in final talks to purchase The Orange County Register, Coast Magazine, and 24 local newspapers in Orange County. JimRomenesko.com KPBS reporter Joanne Faryon tweeted that U-T owner and real estate magnate Doug Manchester told her such reports are "premature"; he did, though, confirm acquisition talks. North County Times Both papers have the largest circulations in their local markets. The U-T has an average digital and print combined circulation of 230,742, and The Orange County Register has a combined circulation of 280,812, according to the Audit Bureau of Circulations. Santee Patch In September 2009, Register parent Freedom Communications filed for Chapter 11 bankruptcy in a Delaware court, aiming to cut its debt to $325 million from more than $770 million. But a month ago, Freedom says it erased its debt by selling eight TV stations to Maryland-based Sinclair Broadcast Group Inc. in a $385 million deal.
Kevin Roose Leaves New York Times For New York (FishbowlNY)
Kevin Roose is leaving The New York Times to join New York's "Daily Intel" blog as a lead business writer. Roose had been with the Times for about a year, covering finance and Wall Street. Capital New York Roose is apparently a bit of a sleuth, too. For his 2009 book, The Unlikely Disciple, he spent a semester undercover at Rev. Jerry Fallwell's Liberty University.
Nine Newsroom Buyouts At The Hartford Courant (CJR)
The Courant -- owned by Tribune since 2000, when the Chicago-based company merged with then-owner, Times Mirror -- was caught in the fallout from Tribune's bankruptcy in late 2008. The newsroom has shrunk from some 400 employees 15 years ago to fewer than 150 today. The most recent buyout offer, which expired last week, has resulted in the loss of nine more newsroom staffers.
Curating NYT Long-Form A Good Idea, Just Not For The Public Editor (Poynter / MediaWire)
About 3:30 p.m. on Tuesday, New York Times public editor Arthur Brisbane announced that his assistant would start curating the Times' best long-form journalism each day, posting links to @NYTlongreads. A couple of hours and three long-form stories later, the curation ended.
Bloomberg To Double Frequency Of Pursuits (Adweek)
Bloomberg L.P. may have conquered the financial world, but in the fashion world, it's pretty much a nobody. It's trying to change that, though.
How's Erin Burnett Doing Almost Eight Months In On OutFront? (TVNewser)
Since launching her show OutFront on CNN last October, Erin Burnett has struggled to gain traction. Burnett peaked in her second month, drawing 510,000 total viewers and 140,000 adult 25-54 viewers in November 2011. But the numbers have slid every month since to 409,000 / 113,000 in April.
Elle.com In Hiring Mode (WWD / Memo Pad)
When former Elle.com editorial director Keith Pollock decamped to Jason Binn's new luxury venture Du Jour last month, he took a few colleagues with him. So Elle.com is in hiring mode, beginning with Amina Akhtar, who will succeed Pollock as executive editor. FishbowlNY Akhtar has been in the fashion writing business for more than a decade. She was most recently fashion director for FashionETC.com, but prior to that she held positions at NYMag.com, Style.com and NYTimes.com.