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BuzzFeed, DuJour Media Group Form Strategic Partnership

DuJourWinter2013A small milestone has been added to BuzzFeed’s inexorable, awesome-in-19-different-ways march towards world media domination.

Starting next spring, the website and DuJour Media Group will begin cross-posting content. From today’s announcement:

DuJour Media will run BuzzFeed’s regular “Tell Us About Your Selfie” features (a celebrity selfie photo and interview) in its magazine, aligned with DuJour Media founder-CEO Jason Binn‘s “Binnshot” page. DuJour Media’s luxury celebrity content will appear on celebrity pages on BuzzFeed.

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Martha Stewart Living Publisher, Managing Editor, Among MSLO Fired Staff

305px-Martha_Stewart_Living_Omnimedia_Logo.svgMartha Stewart Living’s publisher and managing editor were among those fired during Martha Stewart Living Omnimedia’s massive firing spree. Yesterday Martha Stewart was feeling in the holiday spirit, so she, along with MSLO’s CEO, Daniel Dienstgave 100 staffers a DIY project — find a new job.

The New York Post reports that among the cuts were Martha Stewart Living’s Peter Medwid (publisher) and Carl Germann (managing editor); Laura Petasnick, VP of integrated sales; Daniel Taitz, executive VP and chief administrative officer; and Jess Hollander, head of digital sales.

The firings come amid grumblings that Stewart isn’t doing anything to help the struggling company.

Just last year, Stewart received over $1 million in reimbursements from MSLO for things like personal assistant costs, security and a weekend driver. “She still runs the company as if it was the 1990s,” one former MSLO staffer told the Post.

New Catchphrase? Tim Armstrong Deems Patch an ‘Asset with Optionality’

ShutterstockTimArmstrongFor Patch local editors grappling with shopping mall Santa features and overseeing in some cases a great many additional hubs, these words likely rang hollow. But to FishbowlNY’s ears, a portion of Tim Armstrong‘s remarks at this week’s UBS conference were Office Space-worthy.

Per a report by Ad Age‘s Alex Kantrowitz, Armstrong suggested that the possibility of a major impending partnership for Patch is one big reason AOL shareholders should view the hyper-local network as an “asset with optionality.” Rather than, say, an “option with assanality” or a “gigantic tactical embarrassment.”

We’re going to suggest right here and now: Any NYC media denizen who manages to seamlessly make use of this terminology at an upcoming holiday celebration will forever earn our admiration. That bowl of spiked punch? That empty conference room? That fully loaded copier? These are all, theoretically, “assets with optionality.”

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Martha Stewart to Cut 100 Staffers

Screen Shot 2013-12-12 at 11.27.47 AMJust in time for the holidays, Martha Stewart is firing about 100 staffers. The New York Post reports that a majority of the cuts will come from Martha Stewart Living.

The downsizing will impact about 25 percent of Martha Stewart Living Omnimedia’s workforce. It’s the first major move by the company’s relatively new CEO, Daniel Dienst. So if you work there, and were planning on getting him or Stewart a present, perhaps a better idea would be donating money in their names to The Human Fund.

The pink slips are expected to be handed out today. Good luck everyone.

Twitter Rooftop is #Huge, #Spectacular

According to users of jobs-community site Glassdoor, the San Francisco-headquartered behemoth ranks as the “Best Tech Company to Work For” on the sixth annual compilation. Twitter is also number two overall on the list of 50 companies that make up Glassdoor’s “Employees’ Choice Awards 2014.” (Worth noting: the top three frms on the 2014 list – Bain & Company, Twitter and LinkedIn – share the identical rating of 4.6.)

FishbowlNY already knew about the amazing Twitter cafeteria. Having now watched Glassdoor’s video tour, we are in equal awe of the Twitter HQ rooftop.

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Billionaire Joe Mansueto Interested in Buying Forbes

Joe Mansueto, the billionaire founder and CEO of investment research firm Morningstar, is eyeing Forbes. The New York Post reports that Mansueto, is considering purchasing Forbes Media, which went up for sale in mid November.

Mansueto seems like a likely candidate to purchase the company. His Mansueto Ventures already owns Inc. and Fast Company, so he’s clearly interested in the media world. Plus, though Forbes wants about $400 million for the company, experts told the Post it won’t get nearly that much.

Mansueto’s net worth is $2.1 billion according to, well, you know who.

AOL Cuts 20

AOL hired one, but cut 20. On the heels of the company hiring Brian Balthazar away from HGTV, Capital New York reports that AOL has cut about 20 staffers, mostly from the editorial side of AOL.com’s homepage.

AOL, of course, doesn’t comment on dropping people because it’s not exactly a fun thing to talk about. Instead, it issued this statement to Capital:

We are working hard to make sure AOL.com remains a valuable and meaningful product for its millions of daily viewers. It will continue to evolve in 2014 – showcasing stories from our brands and partners that inform people as their day unfolds.

Maxim Deal Might be Dead

Maxim’s days might be numbered. In early September, Alpha Media Group triumphantly announced that they had sold Maxim to Darden Media Group, despite the glossy’s dwindling popularity. Now Adweek is reporting that the deal is likely dead.

Darden had plans to expand the Maxim brand — Maxim TV, Maxim Radio, etc. If you’re a normal person, that sounds absurd. But that’s just what Alpha Media Group wanted to hear. “As a company, we are excited to see Maxim everywhere,” said Ben MaddenMaxim’s president, at the time.

Unfortunately, things went sour soon afterward. Alpha is specifically worried about Calvin Darden Jr. (son of Darden Media’s owner, Calvin Darden) being involved in the acquisition:

However, the announcement made no mention of Darden’s son, Calvin Darden Jr., who was convicted eight years ago of stealing from securities firms and investors including former NBA star Latrell Sprewell while a stockbroker. Sources close to the company said they were surprised to learn that the younger Darden was involved in the Maxim deal, though, attending meetings and fundraising.

Damn. The guy ripped off Spree? We wouldn’t sell to him either.

Outgoing Time Inc. EIC Martha Nelson Gives Managing Editors Her Blessing

martha nelsonThere is no longer a Time Inc. editor-in-chief successor to receive the company’s symbolic, tongue-in-cheek heirloom. But that didn’t stop recently departed EIC Martha Nelson.

Per a great little item from Ad Age‘s Michael Sebastian, Nelson redirected to Time Inc. managing editors the gift of company tradition. A pair of recipients told Sebastian the framed papal memento comes with the following note:

‘This fragment comes from the ‘Pope’s Miter,’ which resided in the office of the editor in chief of Time Inc. While the miter was passed on in jest, it symbolized the earnest belief in editorial independence, truth and integrity. Now that responsibility rests in your hands.’

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Forbes Media Explores Sale

Forbes Media has hired Deutsche Bank to represent it for a potential sale. According to Bloomberg News, the company wants at least $400 million for the 96 year old magazine and its site.

Mike Perlis, Forbes Media’s CEO, told staffers that the company had already received offers, and expects many more:

As a result of your tremendous work, we have received more than a few “over the transom” indications of interest to buy Forbes Media. The frequency and serious nature of these overtures have brought us to a decision point. We’re organizing a process to test the waters regarding a sale of Forbes Media. We have hired Deutsche Bank to represent us, and we expect interest from numerous suitors.

For the complete memo, click through to Ad Age.

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