Delectable bits from around the web:
– Mel Karmazin has made innumerable visits to Capital Hill, delivered winning smiles, and done all manner of interviews boosting satellite radio, but it has all come to naught. The XM-Sirius merger is stalled. From the WSJ: ”If you missed the Bill Murray movie ‘Groundhog Day,’ in which the main character relives the same day over and over again, maybe you should check out the conference calls of Sirius Satellite Radio CEO Mel Karmazin.
”That is because Karmazin has been engaging in a little re-enactment of his own ever since the merger with XM Satellite Radio Holdings was announced in February 2007. In each quarter’s earnings conference call with analysts and investors, he has been as cheerful and on-message as a pageant queen: this deal is going to close soon. Any day now. (Even though it hasn’t, for over a year, and the deal’s termination deadline is Saturday).”
– The tabloidal race for pictures of JLo and Mark Anthony’s baby is on. From USA Today’s Cindy Clark: ”(People) Managing editor Larry Hackett is ‘confident’ his magazine will be showcasing the infants, born Feb. 22. ‘We’re the biggest, we’ve been around the longest, we’re the top in our field,’ he says. ‘If someone of equal wattage has been there, they (celebrities) want to be there too.’
”… ‘Celebrities are in the business of making money,’ says Janice Min, editor of Us Weekly. ‘They have their image, which they use to make money on almost every aspect of their life … This is just another revenue stream for them.”’
More after the jump …
– More newspaper cuts, this time from The Boston Globe, owned by The New York Times. Sixty positions are slated to be cut through buyouts. From Boston.com: ”Globe publisher Steve Ainsley said in a memo to employees, ‘This reduction in staff is a difficult but necessary step toward our ongoing goals of reducing costs and finding efficiencies that allow for the long-term health of our business.’
”This buyout will affect about 3 percent of the Globe’s 2,200 employees. It is smaller in scale than the buyout completed last March, in which a total of 125 employees left the Globe and the Telegram & Gazette. This is the Globe’s fourth buyout offer since 2001.”
– Charlie Rose will deliver a free lecture on Sunday, March 2, at 6 p.m. at the Indiana University Auditorium on how politics shapes artistic expression.
(image via usatoday)