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Tuesday, Jul 25

The Morning Newsfeed: 07.25.06

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steve_case_aol_sorry.jpgSteve Case 'Sorry' for AOL Merger With Time Warner (Reuters)
Steve Case, co-founder of the one-time biggest online service AOL, apologized for the company's merger with media conglomerate Time Warner Inc. in an interview with Charlie Rose. The deal, known as one of the worst corporate mergers in history, destroyed some $200 billion in shareholder value.

WSJ Laying Groundwork for New Fashion and Design Bureau (WWD)
Journal reporters who cover fashion and style started shuffling desks last week for the new bureau. The beefed-up coverage won't become a separate section in the paper, though it will be given its own name and fashion and design articles will appear every day the Journal does.

MySpace Heads Overseas (Hollywood Reporter)
"It will be driven by exactly the same principles," said News Corp. chief Rupert Murdoch in an interview about how MySpace will be extended to other countries. "Young people are the same everywhere. They are curious. They want to take control of things. They want to live in their own world." CNet: MySpace returns after being knocked out by power outage. B&C: In keeping with News Corp.'s recent emphasis on "My" properties, including networking site MySpace and MyNetworkTV, a slew of new hometown TV sites are named "my," such as myfoxboston.com.


Reporters in Israel and Lebanon Describe Dangerous Work (E&P)
Correspondents described day to day working conditions that make their work a little easier than certain aspects in Iraq, with fewer logistical problems or electricity and phone connection interference. Not to mention Hezbollah's willingness to work with reporters, to a degree, in an effort to get their message out.

AMI Slides Despite Best Efforts of Pecker and Fuller (The Deal)
As much as AMI's performance dismays creditors, it also rattles many in awe of David Pecker's publishing prowess. Why? Because the erosion in the celebrity-journalism franchise that AMI's tabloids owned for decades demonstrates just how competitive and vulnerable the magazine business has become.

Univision's Buyers Arrange Financing (LAT)
A consortium of private investors who won last month's bidding for Los Angeles-based Univision Communications Inc. has lined up $10.25 billion in debt financing, making the acquisition a highly-leveraged transaction.

Do News Reporters Make Good TV? (Slate)
Troy Patterson: Journalists, with their instinctive story sense, appetite for self-dramatization, and ostrich-egg-sized egos, are naturals for reality TV. You take a narcissist, put him to work, and you know you've got something hot. FishbowlNY: Liveblogging Tabloid Wars premiere.

In Switch to Lebanon, Media Outlets Forget Iraq (CJR Daily)
Paul McLeary: Iraq, forgotten? Is that possible? While calling the war "forgotten" is a little too extreme, recent coverage of the constant, staggering daily death toll has begun to take on the pall of boilerplate copy in the nation's newspapers.

AM Radio Still Gold (LAT)
A far cry from its pop culture zenith, when youngsters would defy their parents by listening to transistor radios under the bedsheets, AM is nevertheless a vital, vibrant and profitable force in the universe of audio entertainment even as it battles its image of having too much talk and commercials.

Fox Plans Another Simon Cowell Show: Celebrity Duets (zap2it)
A group of singers ranging from Motown legend Smokey Robinson to '80s pop stars Richard Marx and Cyndi Lauper will be taking part in the short-run show, which is being produced by American Idol's Simon Cowell. The 13 professional singers will be paired with other famous folks who aren't known for their vocal chops.

Cranky Media Guy Vents About Minor Media Annoyances (AdAge)
Simon Dumenco: I'm fed up to here and I'm not going to take it anymore. If you could view the viral-video version of this column, you'd see that I'm pointing to roughly shin level. In other words, this week's column takes on some (relatively) small annoyances. But I thought I should take care of them now, before they get infected.

New WaPo WH Correspondent Is Longtime Beltway Insider (Washingtonian)
Harry Jaffe: In choosing Michael Abramowitz as its White House correspondent, the Post has reached for someone solid and familiar to the Post's top brass. But there's a bit of risk, too. "I had not written a story in nine years," he says. "It's also my first time covering a big Washington beat."

PBS Kids' Show Host Fired for Virgin Video (AP)
The PBS Kids Sprout network has fired the host of The Good Night Show after learning she had appeared in videos called Technical Virgin. The host, Melanie Martinez, had alerted network officials about one of the videos late last week and she was immediately taken off the air.

NPR's Schorr a 'Precious Resource' (USAT)
For 60 years now, Schorr has been living and breathing the news, and last week NPR renamed Studio 2A — where he and Weekend Edition host Scott Simon talk about the news — "The Daniel Schorr Studio." It is the network's only studio named in anyone's honor.

Evening Newscasts Not Dead Yet (AJR)
Rachel Smolkin: Nightly news is hot again, if hotness can be measured by the number of inches devoted to the anchor race in the nation's newspapers and magazines. Suddenly, the evening newscasts have what their morning print counterparts can only dream of: buzz and opportunity.

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