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Media News

Tuesday Jun 27, 2006

The Morning Newsfeed: 06.27.06

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BushLookingAngry.jpgNational Review Wants White House to Revoke NYT Press Credentials (National Review)
Editorial: "The New York Times is a recidivist offender in what has become a relentless effort to undermine the intelligence-gathering without which a war against embedded terrorists cannot be won. And it is an unrepentant offender." WaPo: Bush calls leak of bank surveillance a "disgrace." E&P: White House press secretary says New York Times may be overriding "somebody's right to live." Lincoln Journal Star: Vice President Dick Cheney accused the news media of making "the job of defending against further terrorist attacks more difficult." LAT: Why we ran the bank story.

China May Fine News Media to Limit Coverage (NYT)
Chinese media outlets will be fined if they report on "sudden events" — like mass outbreaks of disease, riots, strikes, accidents and other events that the authorities prefer to keep secret — without prior authorization from government officials, under a law being considered by the country's legislature.

Could J.K. Rowling Kill Harry Potter in Final Book? (AP)
Harry Potter may perish in the final installment of the boy wizard series in which two main characters die, author J.K. Rowling hinted in a television interview. She said she was well on the way to finishing the eagerly-awaited seventh Potter book.


In Late Twist, Univision Accepts Bid (LAT)
At $11.1 billion or $36.25 a share, the sale is less than the $40 a share that Univision had originally hoped to receive when it put itself up for auction in February. Though the price was less than anticipated, it remains one of the highest multiples paid for a media company in recent history.

Rush Limbaugh Detained: Possession of Viagra Without a Prescription (AP via AOL)
Rush Limbaugh was detained for more than three hours Monday at Palm Beach International Airport after authorities said they found a bottle of Viagra in his possession without a prescription. Customs officials found a prescription bottle in his luggage that didn't have Limbaugh's name on it.

Tribune to Buy Back 45 Million Shares (AP via Yahoo)
Tribune Co. said that about 15 percent of the media company's outstanding shares were tendered in its Dutch auction buyback, and Tribune expects to acquire all 45 million of those common shares at $32.50 apiece.

Karmazin Admits Satellite Radio Companies Might Be Better Off Together (NYP)
Karmazin, the boss of Sirius Satellite Radio, said yesterday that he would "love" to buy his larger rival, XM Satellite Radio. The comments sent shares in both companies soaring. "Would we like to buy them? Sure," Karmazin said. "We'd love to buy them. Price would matter, so that would be an issue."

Memo to News Corp. Execs: How to Ruin MySpace (AdAge)
Simon Dumenco: Will News Corp., in making MySpace into a real business, destroy it? And will users who love it for its DIY anarchy ultimately abandon it, just as they've abandoned any number of other once-hot youth-culture brands?

Knight Ridder Approves Sale to McClatchy (San Jose Mercury News)
Knight Ridder's shareholders voted to sell the company to McClatchy, ending the 32-year run of one of America's premier newspaper companies. The value of the deal, originally $4.5 billion in cash and stock, has fallen about 9 percent (or $400 million) after a sharp drop in McClatchy's stock. FBNY: Knight Ridder to distribute commemorative video; blogger mocks with t-shirts.

Feds Zero In On Paparazzi (LAT)
The FBI's investigation into a Hollywood paparazzi agency is focusing on whether the firm's co-owner tapped into Us Weekly's e-mail system to steal scoops about such stars as Nick Lachey, Denise Richards and Charlie Sheen.

Reclusive Author Harper Lee Writes Item for Oprah's Mag (AP via Yahoo)
The 80-year-old Pulitzer Prize winner quit giving interviews about 40 years ago and has published nothing of significance in four decades. That makes her article for Oprah Winfrey's O something of a literary coup.

Judge Refuses to Revoke Bail of Disgraced Tycoon Conrad Black (Globe and Mail and AP)
A judge in Chicago has denied a request by prosecutors to revoke Conrad Black's bail, but Black may have to put up more collateral. The ruling came as Black revealed more about his personal financial holdings in a court filing and took a shot at his former business partner David Radler.

Newsweek's "Passage to India" Came Nearly Four Months Before Time's (MIN)
Since the end of the Cold War, it has been rare for either magazine to publish a cover story on a foreign country not hostile to the U.S., so it is telling that Newsweek's "The New India" on March 6 was followed on June 26 by Time's "India Inc."

Aaron Spelling's Tasteless Art: An Appreciation (Slate)
Troy Patterson: Are there any rooms in America that you will not get laughed out of for suggesting that there might be a thematic or aesthetic coherence among 90210, Charlie's Angels, Charmed, Dynasty, Fantasy Island, Hotel, The Love Boat, Starsky and Hutch, T.J. Hooker, and 7th Heaven? AP via USAT: Spelling laid to rest yesterday.

Dropping Anchor (WaPo)
Art Buchwald: Television is a tough business. When it's time to go, you go. Dan Rather told me bitterly, "CBS and I went to the mat. They wouldn't give me anything to do, although in the news business there's always something to do. I wasn't going to sit around and do nothing."



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