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Posts Tagged ‘Penske Media’

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Alec Baldwin’s MSNBC Show Announced: Actor Will Host Up Late (HuffPost)
Alec Baldwin’s MSNBC deal is official, the network said Thursday. The actor will be hosting Up Late With Alec Baldwin at 10 p.m. Friday nights, starting October. The network confirmed the news on Twitter on Thursday. Baldwin will discuss current events and culture on the show. TVNewser “After two seasons of my WNYC podcast, I’ve developed a fondness for hosting a show that involved talking with smart, talented and engaging people in every imaginable field,” Baldwin said in a statement. “I’m grateful to MSNBC for helping me bring a similar show to television.” NYT The network said that Baldwin — most recently the star of the comedy 30 Rock on the news channel’s sister network NBC — would host a show where he would conduct interviews related to current events and culture. THR / The Live Feed Certainly Baldwin’s liberal politics are an organic fit for MSNBC, which has been making changes to its primetime and early prime lineup with the addition of Chris Hayes at 8 p.m. and Ed Schultz at 5 p.m. Baldwin is a frequent critic of conservatives and conservative media. He told THR some days he feels as if he were “born” to spit on Rupert Murdoch and his media empire, which includes the New York Post and Fox News. He also engages in frequent Twitter battles with detractors.

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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.

Pink Slips Coming to Variety Editorial Staffers

With Variety now under the ownership of Penske Media, we figured changes (that means staff cuts) were on their way. Well, unfortunately, those moves are coming in March. According to Deadline, “editorial firings” are being planned.

Even those who survive the cuts won’t have much to cheer about. One staffer told Deadline that Variety has been in a perpetual state of chaos since Penske purchased it:

There is complete editorial disorganization from the top down. No one knows if Variety is supposed to be a breaking news organization, an analytical publication, or some as yet undetermined hybrid. Tim Gray keeps pontificating to editorial that things are going to change and Variety will go in a new direction. But nobody knows what that means. They’re totally demoralized.

Variety Purchased by Penske Media for $25 Million

Variety has finally been purchased. According to The Los Angeles Times, Variety has been acquired by Penske Media, and its financial baker, Third Point, a hedge fund. The price? A cool $25 million. As with any major media purchase, there are bound to be some changes at the 107-year-old paper. However, Jay Penske, CEO of Penske, didn’t have many details to share about the future of Variety and its staffers.

“”We are not buying Variety to gut the newsroom,” Penske told the LA Times. “We are buying the business to build it. Are there going to be changes? Yes. Do we want to reduce our dependency on print revenues? Yes. How quickly that can happen, we’ll know more in the coming months.”

The buy is sort of ironic, given that Penske operates brands like Deadline.com and The Hollywood Reporter, which seemed to have sped up Variety’s downfall.

Variety Sold to Deadline.com Owner Penske Media

After months of courting offers, Variety has finally settled on a buyer. Penske Media, backed by private equity firm Third Point, will acquire the trade publication for approximately $25 million.

Jay Penske told the Los Angeles Times that Nikki Finke will not be involved in running Variety, and that the publication will be operated separately from Deadline.com, though staffers may contribute to both. TheWrap hears from insiders that Finke is “having a major tantrum” because Penske will not give her a role in running Variety.

Variety‘s remaining 120 staffers are undoubtedly concerned about more layoffs, but the Chief Executive was vague about his plans when speaking to the LAT:

“We wouldn’t be buying this business if we didn’t have a plan to correct the recent deterioration of both revenues and profit,” Penske said. “We are not buying Variety to gut the newsroom. We are buying the business to build it. Are there going to be changes? Yes. Do we want to reduce our dependency on print revenues? Yes. How quickly that can happen, we’ll know more in the coming months.”

Penske also said that no decision had been made concerning the fate of the print versions of the trade. Variety publishes both a weekly edition and a daily edition on the weekdays.