TVNewser Show TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Media Companies

AOL Revenue up 13 Percent Behind Strong Ad Sales

AOL’s fourth quarter was a strong one. In fact, Tim Armstrong, AOL’s CEO, boldly proclaimed that it was AOL’s “most successful year in the last decade.” The company reported that revenue was up 13 percent compared to Q4 2012, backed by a 23 percent jump in ad sales.

The big winner for AOL was its Third Party Network, which saw sales increase by a whopping 63 percent during the fourth quarter. Included in the Third Party Network is Adap.tv, a platform which helps companies advertise on websites. AOL purchased Adap.tv in August of last year, a move that now seems extremely smart.

AOL’s total revenue rose six percent compared to 2012.

Thomson Reuters CEO Gets an Earful from Newspaper Guild

Chris Roush over at Talking Biz News has a copy of the email recently sent to Thomson Reuters CEO James Smith by The Newspaper Guild of New York.

NYNewspaperGuildLogo
It’s not a bad idea to start off such a missive with a little sarcasm, and thus, the Guild begins by asking “Jim” – ‘Are your paychecks being processed correctly? Because ours aren’t.’ After dropping in a second comical reference to the recent polar vortex, the Guild gets down to complaints business:

Just last week, some Guild members were told that due to a “technical issue,” overtime and differentials will not be paid until the next pay period…

This latest example of payroll incompetence follows major errors in 2012 and 2013 when Guild-covered employees were either over- or underpaid by significant amounts, and were (again) not paid for approved overtime. Guild representatives also are reporting an increase in the number of individual payroll errors, particularly for overtime and time off.

Read more

Time Inc. Expected to Cut 500 Staffers

The rumblings of major Time Inc. layoffs started last week. Now — after Joe Ripp announced in a memo that Time Inc.’s brand groups were being eliminated — we have a number: 500. The New York Post reports that’s how many Time Inc. staffers will likely receive a pink slip today.

Time Inc. employs about 7,800 people. Should the 500 number be correct, it will be about the same as the massive cuts implemented by Laura Lang — the publishing house’s former CEO — about a year ago.

An insider told the Post that today was going to be “nerve wracking.” That has to be putting it lightly.

Time Inc. Streamlines Structure, Eliminates Jobs

TimeLifeBuildingRockCenter_articleboxThe reshaping of Time Inc. continues. According to a memo from Joe Ripp, Time Inc.’s CEO, the company is streamlining its structure by eliminating the brand clusters (like Style Group, News Group, etc.) and therefore, cutting jobs. The biggest departure is that of David Geithner, who had been with Time Inc. for over 20 years. Ed Kelly, CEO of American Express Publishing is also out.

Without the brand groupings, Evelyn Webster and Todd Larsen will be taking on larger roles. Webster will now oversee All You, Black Ink, Cooking Light, Coastal Living, Departures, Essence, Food & Wine, Health, InStyle, People StyleWatch, People en Español, Real Simple, Southern Living, Sunset, This Old House, Travel + Leisure, and IPC.

Larsen will oversee People, Entertainment Weekly, Time, Sports Illustrated, Fortune, CNNMoney, Money, Golf, SI for Kids, Time for Kids and Mexico’s GEx.

In the same memo, Ripp announced that Mark Ford will be joining the company as executive VP of ad sales. You can read Ripp’s entire note below.

Read more

Rating the Media’s Super Bowl Parties

Several media companies are going to throw Super Bowl parties this weekend. While we appreciate the tradition, it always presents a problem: How do you choose which one to attend? Or, more specifically, how do you choose which one to imagine yourself attending when in reality you’re at home eating Doritos? Luckily for you, we’ve rated several parties.

The FishbowlNY Five Star Rating System™ is extremely technical, so read this carefully — one star means the party sucks, five means you should definitely pretend that you’re rich and cool enough to go. Below are the ratings, via The New York Post’s breakdown.

ESPN ★ ★ ★

Pros: Magic Johnson and Victor Cruz are attending. Performances from Kendrick Lamar and Robin Thicke.
Cons: Joe Flacco will be there. No one likes the Ravens.

Read more

Gabriel Sherman Talks Fox News and Roger Ailes at New America NYC

ShermanFolkenflik

“It’s not a company, it’s a cult around him,” said Gabriel Sherman, talking about Roger Ailes and Fox News to a packed room in Soho Tuesday night.

Sherman had come to New America NYC to discuss The Loudest Voice in the Room, his controversial book about Roger Ailes and how he created one of America’s most successful media empires. Ailes is a brilliant political consultant who built a news organization out of fear, said Sherman. And he argues that atmosphere informs Fox’s ethics and reporting at every level, from top anchors like Shep Smith to low level producers.

“They live in terror of him, but they hang on his every word,” he said. “People are terrified to speak his name or speak ill of him because they’re worried that the phones are tapped.”

Read more

Layoffs Coming to Time Inc. by Next Week

Time Inc. staffers are bracing themselves for the next two weeks. According to WWD, layoffs are expected to hit the company by next Friday.

Though we can’t be sure where the cuts will come — the business side or editorial — a source told WWD that everyone was nervous. “We’re very lean and mean here anyway,” the person explained. “It’s concerning.”

We first learned of Time Inc.’s plans to drop staffers in late December. At the time, Time Inc. was busy looking for a new chief revenue officer, and word leaked that cuts were coming. The search for a new CRO still hasn’t been resolved, but evidently the final decision on layoffs has.

Quentin Tarantino Sues Gawker

ShutterstockQuentinTarantinoQuentin Tarantino — the man responsible for bringing us great films like Reservoir Dogs and awful films like Death Proof — is suing Gawker Media.

According to Deadline, Tarantino filed a legal complaint against Gawker for posting a link to the leaked script to The Hateful Eight, a western Tarantino was planning to release. Tarantino announced that he was canceling the film because someone made the script public, so naturally he’s mad at Gawker too.

Tarantino’s complaint charges Gawker with copyright infringement and contributory copyright infringement. Here’s a snippet from the filing, in which Gawker is labeled as “predatory journalism:”

Read more

Hearst Launches New Healthcare Division

Hearst Corporation is known mostly for its magazines unit, which cranks out such popular titles as Esquire and Cosmopolitan. However, Hearst is a lot more than that. In fact, its latest move — creating a new healthcare division called Hearst Health — is partly to show just how much more.

Hearst Health is basically a streamlining/branding decision. Unifying the five healthcare companies Hearst owns a majority stake in will make things easier for the company when dealing with clients. It will also allow Hearst to stand out more in the healthcare industry.

“Hearst has been operating in the healthcare information industry since 1980,” explained Richard Malloch, president of Hearst Business Media, which oversees Hearst Health, in a statement. ”Our companies complement each other under their shared mission of putting vital information into the hands of everyone who touches a person’s health journey. Establishing the Hearst Health brand will elevate the awareness of what we do in the healthcare marketplace.”

Hearst Health includes the following companies: First Databank, Map of Medicine, Zynx Health, MCG and Homecare Homebase.

Former Martha Stewart Living Exec Now Oversees Edible Feast

Could 62-year-old Eric Thorkilsen, formerly with Martha Stewart Living and This Old House magazine, show AOL’s Patch the way it should have been scaled? That’s one of the underlying and very intriguing questions that frames Tim Loh‘s recent piece in Greenwich Time about the Edible Feast CEO.

EdibleManhattanLogoFrom a home office in New Canann, CT with a great view, Thorkilsen watches over a network of 90 U.S. and Canadian regional magazines covering the topic of locally grown, farm-to-table food. The company launched a decade ago in Ojai, CA as Edible Communities; Thorkilsen bought a controlling interest last year and currently manages a virtual staff of 15. There’s also a 13-episode PBS spinoff in the pipeline:

“We’re trying to be the go-to, first leader in this space,” Thorkilsen says. “If we do our job right, we’ll be important to the marketers that want to reach those households. And it’s not just about food, it’s about the cars they drive, it’s about the appliances they have, the kitchen cabinets they buy. It’s everything.”

Read more

<< PREVIOUS PAGENEXT PAGE >>