Morning Media Newsfeed 07.25.12
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Netflix Q2 Earnings Beat Street, but Stock Down Sharply (Forbes / Social Markets)
Netflix posted second quarter 2012 earnings of 11 cents per share, which beat analysts' expectations. But the company forecasts a loss in the fourth quarter of this year, and the stock is down sharply in initial after-hours trading at $70.66, down 11.68 percent. WSJ / MarketBeat The basic second-quarter metrics were fine, actually. The company reported earnings of 11 cents a share on revenue of $889.2 million. While that's a 90 percent fall from last year's earnings of $1.11 a share, the drop-off was expected. But Netflix issued a weak third-quarter outlook. CNET Now we know why Netflix CEO Reed Hastings may have recently played up the number of viewing hours customers were devoting to his service. Netflix said Tuesday that it may not meet its goal of adding 7 million new subscribers in the United States this year. San Jose Mercury News Meanwhile, the company continues to lose subscribers to its DVD business, which provides the bulk of its profits. WSJ All told, Netflix said it added 979,000 net subscribers, ending with 30.1 million subscribers world-wide. It added 560,000 users for its streaming service outside the U.S. HuffPost / AP Netflix cautioned that it may be tougher to get more people to sign up during the current quarter as the Summer Olympics capture the attention of many households for two weeks of the 12-week period. Reuters Netflix also said it would lose money in the fourth quarter when it launches in another international market. AllThingsD What about competition from the likes of Amazon, and, soon, Verizon? Still not a problem, Hastings says. NYT / Media Decoder For the third quarter, the company is projecting a loss of $6 million to a profit of $8 million -- exactly the guidance it gave three months earlier for the second quarter.
Advocate Plans Localized Edition for New Orleans (The Advocate)
The Advocate is laying the groundwork to reach into the New Orleans market as that city's Times-Picayune scales back its daily print newspaper coverage to three days a week. NOLA.com Richard Manship, whose family owns and operates the Baton Rouge newspaper and whose brother David Manship is its publisher, said that the company believes it can fill a void in the local news market by offering The Advocate in New Orleans daily. Poynter / MediaWire The Advocate plans to enter the market in October, when the Times-Picayune's print cutbacks take effect. JimRomenesko.com The Baton Rouge paper closed its New Orleans bureau in May 2009, when it laid off 49 staffers. Gambit / Blog of New Orleans As The Times-Picayune continues down its path of thrice-weekly-plus-occasional-Saints-Monday print publication, several local online news sources have made moves to bolster their own positions. The New Orleans Digital News Alliance is a collaboration between four local websites: My Spilt Milk, NOLA Defender, Uptown Messenger and the non-profit newsroom The Lens.
Cable News a Destination for Viewers Looking for the Latest on Colorado Shooting (TVNewser)
Cable news channels were a significant destination for viewers interested in getting the latest on the shootings in Colorado on Friday, according to Nielsen ratings from that day. TVSpy San Antonio ABC-affiliate KSAT has named Jessica Ghawi, one of the 12 victims in the Colorado movie theater shooting, an honorary member of the sports department. Politico / Dylan Byers on Media ABC News president Ben Sherwood told staff that last Friday's incorrect report by Brian Ross detracts from the network's otherwise excellent coverage of the Colorado theater shooting, network sources tell Politico. Salon As you will know if you are a person on the Internet, a lot of the most important details about the shooting in a Colorado movie theater last Friday have come out through the Internet. We were able to find victims' Twitter accounts (including that of Ghawi, who posted enthusiastically right up to the start of the movie), survivors' stories on WordPress, and one of the few photos of accused shooter James Holmes on Adult Friend Finder. But these are arguably only the visible outcomes of a distinctly online process of information-gathering: crowdsourced news.
Washington Post Reporter Allows College Officials to Alter Story on Controversial Test (Texas Observer)
In February, Daniel de Vise, a reporter for the Washington Post, arrived at the University of Texas at Austin campus to work on a story about a controversial standardized test sweeping the nation's colleges and universities. University officials were nervous about what the story would say about the politically sensitive topic. Before he landed in Austin, de Vise emailed UT's director of communications to reassure him that the article was "Not meant to be any sort of hit piece, more of a thought-provoker." De Vise's visit was fairly routine journalism. But when de Vise returned to Washington, D.C., he employed some unusual, perhaps even unethical, techniques. Politico / Dylan Byers on Media Before publishing his story about the effects of a controversial standardized test, de Vise "shared at least two complete drafts of his article with [the University of Texas-Austin's] press officers and allowed them to suggest critical edits, some of which ended up in the published story, according to emails obtained by The Texas Observer through a public information request."
Foursquare Will Test Paid Ads (NYT / Media Decoder)
The arrival of advertising on social media is taking another step forward -- or backward, depending on your beliefs about commercialization -- as Foursquare begins a pilot program to test paid ads. Ad Age / Digital Roughly 20 merchants, ranging from national retailers to local chains, are participating in a pilot for "Promoted Updates," which will appear in the "Explore" tab where users can surface locations and specials that Foursquare's algorithm deems relevant based on signals including their location, past check-ins, check-ins by their friends, engagement by the Foursquare user base at large, and the time of day. AllThingsD Similar to Local Updates, Promoted Updates allow businesses to push out recommendations to potential customers, serving as advertisements to Foursquare users as they move throughout the world. The updates appear based on factors like proximity, time of day and past places you’ve visited, Foursquare says, so that users will only be seeing the most relevant sorts of ads. Bloomberg With the product, Foursquare aims to capture a slice of the mobile-advertising market, which Bank of America Corp. predicts will surge to $18.3 billion in 2015 from $3.6 billion last year. GigaOM While Foursquare has made a small amount of money in the past on things like brand promotions and allowing merchants to claim their Foursquare venue page online, it really hasn’t had a reliable monetization engine.
Wired Takes Top 'Genius Brand' Spot in Digital IQ Index Study (Folio:)
There's been some movement in the rankings in the second annual Digital IQ Index study on the magazine industry from market research firm L2, which measures digital strategy execution among 80 magazine brands. Adweek Wired was the only publication to score a "Genius" designation, with a score of 140. L2 praised its iPad edition, social media excellence (1.4 million followers on Google+ 100,000 on Instagram) and advertiser opportunities (like the product-filled Wired store on Facebook). Notably, all this was accomplished within the last year. Wired didn't even break the top 10 in the 2011 survey, when it was ranked at 16. Ad Age / Media News The other magazines in the top 10 fell into the "gifted range." Six of those magazines -- Entertainment Weekly, Glamour, Time, Sports Illustrated, Cosmopolitan, and People -- were also on the list last year.
New York Daily News Fires Political Editor Ian Bishop on Eve of 2012 Conventions, Hires Alexander Hitchen (Capital New York)
It can't be a good thing to lose the guy who runs your politics coverage a month ahead of the Republican and Democratic national conventions. But that is precisely the situation the New York Daily News now finds itself in. Ian Bishop, managing editor for politics at the News, is no longer with the paper as of Monday, Capital has learned. Politico / Dylan Byers on Media Word around the water cooler is that Bishop had disagreements with editor in chief Colin Myler, but the paper would not comment. FishbowlNY Bishop had been with the paper since 2007. Prior to that he was with The New York Post for one year. Capital New York The Daily News has named a replacement for photo director Gretchen Viehmann, who left the paper at the beginning of March. Alexander Hitchen, a long-time National Enquirer reporter based in New York who was part of the team that broke open the John Edwards scandal, is coming on-board to head up photo coverage for the News, multiple sources told Capital. FishbowlNY Hitchen comes to the Daily News from the National Enquirer, where he has worked since 2004.
AP Adds New Social Media Guidelines on Live-Tweeting, Friending/Following Sources (Poynter / MediaWire)
The Associated Press updated its staff social media guidelines Tuesday with a new section on live-tweeting news and an updated section on how to connect with newsmakers on social media. The Atlantic Wire Basically, if you see your favorite AP reporter or blogger or anyone "liking" say, Michele Bachmann and her current McCarthyism spree on Facebook, it doesn't mean they actually "like" her comments. Rather, they're following that Bachmann's page, which might include valuable updates to the story.
GOOD Magazine Seeks 'Brand Apostles' to Build Online Community (Poynter)
GOOD magazine, which laid off most of its editorial staff this past June, is seeking "content curators and change-makers," according to an announcement on its website. FishbowlLA Wow, what a difference a year makes at GOOD.
Context, Code, and Community: Source is One-Stop Shopping for Newsroom Developers (Nieman Journalism Lab)
A lot of newsroom developers are doing good work, and part of that good work is talking about their work. There is a loose community of code-savvy journalists sharing code, working through problems over Twitter, and meeting up at meetups. "What there isn't, right now, is a place for people to look at all of those code projects next to each other," said Erin Kissane, who is part of the team running the Knight-Mozilla OpenNews project. The remedy is Source, a new site meant to bring these wandering journonerds together under one roof.
Ahead of Earnings Day, Facebook Manages Expectations (CNET)
As it gets ready to report its first earnings as a publicly traded company this week, Facebook is doing something most high-profile tech companies wouldn't think of: It's offering to help out the media. AllFacebook Leading up to Facebook's first-ever earnings call as a publicly traded company, which will be held Thursday at 5 p.m. ET, the social network, through outside public relations firm Brunswick Group, is trying to de-emphasize its actual financial results and focus on its accomplishments since going public May 18. LA Times The social networking giant is under intense pressure to show its business model can deliver solid growth and profits for shareholders. The key will be how Facebook, criticized for having a weak mobile strategy, will adapt as its nearly 1 billion users migrate to smartphones and tablets. Fortune Here are three things to keep in mind for Thursday's earnings call.
National Geographic Launches a 'Ballsy' Online Project (CJR / Behind The News)
When Aaron Huey started photographing the lives of Native Americans on the Pine Ridge Indian Reservation in South Dakota, he did not imagine he would still be working with the residents he met there seven years later. Now, Huey is coordinating a storytelling project partnership between National Geographic and Cowbird, an interactive storytelling website, to provide a forum for residents of Pine Ridge to tell their own stories in photographs, audio, and words directly to readers.
Larry King on CNN, Fox News, Piers Morgan and, Well, Just About Everything (TVNewser)
Former CNN host and current ora.tv host Larry King participated in an "IamA" on Reddit. IamAs feature guests (sometimes celebrities, often ordinary people) answering crowdsourced questions from the Reddit community. Unlike some past participants, King seemed game to answer questions about anything and everything.
Egypt's Maria TV Caters to Fully Veiled Women (HuffPost / AP)
The only visible female face in the Cairo-based studio of a new Islamic TV channel for women is that of a puppet. The human stars are all veiled from head to toe, with only their eyes showing. Maria TV is run primarily by women. They operate cameras, present shows and interview female guests ranging from doctors to students of Islamic theology. But they cannot show their faces during the broadcasts, and no men are allowed on air during the female programming, not even for phone-ins.
More Than 1 Million People Sign Petition for Right to Record Copies of YouTube Videos (SocialTimes)
Philip Matesanz, the owner of a YouTube video converter website called YouTube-MP3.org, said Google asked him to shut down operations or face legal action. But he and his users wouldn't go down without a fight. Now a petition to allow people to record videos on YouTube has received more than 1 million signatures on the social change platform Change.org.