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Wednesday Apr 26, 2006

Newsfeed: Update

ken_lay_media_enron_trial.jpgLay Blames Media Storm for Enron Downfall (AP)
Enron Corp. founder Kenneth Lay told jurors in his fraud and conspiracy trial that he thought the company could move past its problems in October 2001, when it announced massive losses and a $1.2 billion writedown in shareholder equity. But the real firestorm came in the next six weeks, Lay said, led by vexing media scrutiny of business issues he considered old news and diminishing investor confidence.

UN Urged to Act on 'Journalist Slaughter' (Guardian)
Political leaders around the globe were today urged to take seriously the worldwide "slaughter of journalists." The International Press Institute is calling for a UN security resolution on the issue, as part of its campaign to limit the number of reporters killed while doing their job.

Wenner Tries to Screw Strokes? (WWD)
Don't be surprised if The Strokes seem sullen during their performance at Rolling Stone's 1,000th issue celebration. After reaching a verbal agreement to play at the May 4 event, Wenner attempted to reduce the fee it had agreed to pay, assuming its editorial clout would supply the necessary leverage.


CBS News Lands on Logo (Public Eye)
"We don't want to be the 700 Club of gay news," says Jason Bellini, the anchor of CBS News on Logo, the MTV-owned network targeting gay, lesbian, bisexual and transgender viewers. "The audience wants us to be credible. There are plenty of other outlets out there doing advocacy coverage."

Frank Rich Presuming Stanley Kubrick, I Presume (HuffPo)
One of the more eagerly anticipated titles of this year's Tribeca Film Festival is Colour Me Kubrick, a quasi-biography of the British con man Alan Conway. Portrayed by John Malkovich, Conway established his legend in the '90s by impersonating Stanley Kubrick and milking any mark gullible enough to believe he was the reclusive filmmaker. And there were a lot of marks, including one whom you might not believe would fall for such hijinks: Frank Rich.

Post-Dispatch Publisher Plans to Step Down (St. Louis Post-Dispatch)
Terrance C.Z. Egger on Tuesday announced his resignation, surprising newspaper employees. But his yet-to-be-named successor will step into the same choppy advertising market that prevented Egger from meeting modest revenue targets during his last year of a decade-long run in St. Louis.

Advice for Paranoid Reporters (Slate)
Jack Shafer: As long as you're prepared to defy a court order and go to jail on a contempt charge, here are some privacy techniques proven in the field by mobsters, spies, al-Qaida, and tobacco companies.

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