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Posts Tagged ‘Time Warner’

Morning Media Newsfeed: Palin Eyes The View | Rolling Stone Appoints Publisher

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Is Sarah Palin Pitching Herself to The View? (THR / The Live Feed)
Sportsman Channel has picked up a second season of Amazing America With Sarah Palin, the network announced Monday. Palin’s program, which has her introducing viewers to the great outdoors as well as the country’s unsung heroes, has brought significant attention to the niche cable channel, propelling Sportsman to triple-digit year-over-year growth in households and key male demographics. In an interview with THR, Palin names The View as a show that might “need a punch of reality and a voice of reason from America’s heartland to knock some humble sense into [its] scripts.” TVNewser The rumor mill on who will replace ousted View hosts Sherri Shepherd and Jenny McCarthy is in full force, and former Vice Presidential candidate Palin seems to be throwing her hat in the ring. In the interview, Palin mentioned that The View might be better if it goes “rogue.” FishbowlDC Palin said, “Maybe. But the politics would have to be interspersed with a whole lot of fun and real life and inspiration showcasing American work ethic, because those topics are all pretty much the antithesis of today’s politics, which I find incorrigibly disastrous!” She went on to add, “It’d be so much fun to shake it up taking on issues that make audiences objectively consider all sides, and I’d do it with my own real-life groundedness, candor and commonsense that I’m known for.” Mediaite With Barbara Walters’ semi-retirement underway and the pending departures of Shepherd and McCarthy, The View is actively looking for new co-hosts. MSNBC The program’s women co-hosts discuss a variety of political and social issues. Moderator Whoopi Goldberg is the only host not departing the daytime show. The series also previously included journalist Lisa Ling, television personality Elisabeth Hasselbeck, and comedians Rosie O’Donnell and Joy Behar as co-hosts.

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Morning Media Newsfeed: Yahoo! Revives Community | AP to Automate Earnings Stories

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Community Picked Up by Yahoo! (LostRemote)
Greendale Community College is reopening its doors — on Yahoo! The cancelled NBC sitcom Community has been picked up by Yahoo for a 13-episode sixth season. Mashable Until recently, Community’s studio, Sony, had been in talks with Hulu about resurrecting the series following its May cancellation by NBC. NYT Community, which uses a study group at Greendale Community College as the jumping-off point for its self-referential story lines and pop culture obsessions, comes with a core audience of passionate fans. Those fans helped save the show from a previous threat of cancellation two seasons ago. Yahoo! Screen offers reruns of many shows, but Yahoo! has been putting more emphasis on adding original shows. WSJ In April, it announced the launch of 30-minute comedies Other Space and Sin City Saints, which will debut next year. In a time of “cord-cutting,” online services have helped attract subscribers with shows such as Netflix’s Orange Is The New Black and Amazon’s Alpha House. Deadline Hollywood The deal for Community extends Sony TV’s strong track record in bringing back cancelled series. The studio previously brokered a deal to move acclaimed drama Damages to DirecTV after it was cancelled by FX, and found a way to bring back on their original networks cancelled series Drop Dead Diva on Lifetime and Unforgettable on CBS. All three series have gone to air multiple seasons post-cancellation. What wasn’t immediately clear was how Yahoo! plans to make money from continuing the cult show online.

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Former EW Employees Point to Three Cover Stories

JewelEWCoverStory1999Great #longread over at The Awl by Anne Helene Petersen. In retracing the rise and semi-fall of Entertainment Weekly, she discovered that three cover stories stood out in the minds of former employees as notable examples of victories from the battleground of editorial integrity.

The first of these, they say, was a 1999 Jewel profile:

The story significantly compromised Jewel’s image, and when Howard Stern read extensive sections of the profile aloud on the air, it only amplified the problem. Atlantic [Records] was so furious that it refused to provide advance product or answer fact-checking queries for reviews in the magazine. Forget synergy: the two realms of the Time Warner universe weren’t even speaking.

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Morning Media Newsfeed: Time Inc. Struggles | Netflix Shareholders Back Hastings

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Time Inc. Stock Falls in Its Debut (NYT)
Shares of Time Inc., the magazine company that began trading Monday after being spun off from Time Warner, got off to a rough start, falling nearly 7 percent before recovering somewhat. Bloomberg The shares, trading under the ticker symbol TIME, slid less than 1 percent to $23.30 at the close in New York, after earlier dropping by as much as 6.7 percent. Shares of Time Warner, which owns the Warner Bros. movie studio and cable networks such as HBO and CNN, rose 1.2 percent to $68.99. FishbowlNY Last week, Time Inc.’s execs met with editors and asked them to begin the process of cutting 25 percent of editorial spending. That means staffing cuts are coming by the bunches. HuffPost Time Inc. laid off hundreds of employees in 2013 and earlier this year. Some titles, such as People, appear to have already started with their layoffs. Time Inc. is also set to leave its longstanding home, the Time-Life Building, for a cheaper downtown pad. THR Dealmaking could be on the agenda, but unlikely in the form of big acquisitions. Time Inc. was spun off with $1.3 billion in debt. Analysts have compared that to the lack of debt that Rupert Murdoch’s News Corp got when the mogul’s empire was split into two last year. Moody’s recently rated Time Inc.’s debt below investment grade, but other observers said the debt will also allow Time Inc. to show that it can be trusted financially.

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Morning Media Newsfeed: NPR Appoints CEO | Colbert’s Successor Named | Clippers Tap Parsons

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Jarl Mohn Becomes NPR President and CEO (FishbowlDC)
The board of directors of NPR announced Friday that it has selected Jarl Mohn to become its next president and chief executive officer. WSJ Mohn is becoming the fifth leader in a five-year stretch marred by scandal and financial woes. Mohn hails from a flashier background than some of his predecessors at NPR. He spent years as a radio DJ, under the pseudonym Lee Masters, and served as an executive at MTV and VH1 before creating and running E! Entertainment Television. He subsequently served as chief executive of Liberty Digital Inc., a subsidiary of Liberty Media Group focused on interactive and cable television. Politico / Dylan Byers on Media Mohn, who currently serves as chairman of Southern California Public Radio, will begin his tenure as CEO on July 1. He was recruited by acting CEO Paul Haaga, who had been running the network since September after the unexpected resignation of Gary Knell, who left to join National Geographic. Deadline New York Knell left NPR after 21 months on the job, succeeding Vivian Schiller, who was forced to resign over a string of controversies. In September NPR hoped to cut its staff by 10 percent by offering staffers a voluntary buyout. It was part of a two-year plan to eliminate an operating cash deficit expected to hit $6.1 million. HuffPost / AP Board chair Kit Jensen says Mohn has a keen ability to identify media and consumer trends and has a strong track record on diversity and fairness. Mohn said in a statement that he considers the new position a mission, not a job.

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Morning Media Newsfeed: Apple to Buy Beats | Time Inc. Spin-off Set | House Questions Comcast Merger

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Apple in Talks for $3.2 Billion Beats Deal (Financial Times)
Apple is closing in on its largest ever acquisition with the planned $3.2 billion purchase of Beats Electronics, the headphone maker and music streaming operator founded by music producer Jimmy Iovine and the hip-hop star Dr. Dre. The deal could be announced as early as next week, people familiar with the negotiations said, but they cautioned that some details had yet to be agreed upon and talks could still fall apart. GigaOM While Beats Electronics is best known for its premium headphones, it launched a streaming music service, Beats Music, in January. According to the report, the streaming service would be included in the deal. Apple runs its own streaming music service, iTunes Radio. NYT / DealBook For Apple, whose revenue growth has slowed sharply in the last few years, the deal could point to a headlong move into the frontier of streaming music. iTunes Radio has been slow to enter the streaming world. At over $3 billion, the Beats acquisition would be a major departure for Apple, which under Steve Jobs favored smaller deals. CNET Beats Music debuted with a powerful billing and marketing partnership with AT&T and it has reportedly been growing quickly. Although the company has yet to disclose hard and fast subscriber numbers, industry estimates peg the total at about 200,000. The talks come as trends in music purchasing are shifting to subscription services. Data from the Recording Industry Association of America found that paid subscription services grew the fastest of all digital formats last year, rising to 57 percent, while revenues from permanent digital downloads that are iTunes’ specialty declined 1 percent. Mashable Apple has ramped up its pace of acquisitions in recent months. CEO Tim Cook has said in the past that he’s open to the idea of making 10-figure acquisitions. Apple stock was down by a little less than 0.5 percent in after-hours trading following the report.

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Time Warner Names Time Inc. Board

timeinc_logo_2.25.10Time Warner has announced Time Inc.’s board of directors. Once the spinoff from Time Warner is complete — it’s still supposed to happen in the second quarter of this year — Time Inc. CEO Joe Ripp will be chairman.

The rest of the directors are listed below.

  • David Bell, Chairman and CEO, Slipstream Communications, LLC; former co-Chairman and CEO of The Interpublic Group of Companies, Inc.
  • John Fahey, Non-Executive Chairman and former CEO, National Geographic Society
  • Manuel Fernandez, Former Executive Chairman, Sysco Corporation; former Chairman, President and CEO of Gartner, Inc.
  • Dennis FitzSimons, Chairman, Robert R. McCormick Foundation; former Chairman and CEO, Tribune Company
  • Betsy Holden, Senior Advisor, McKinsey & Company LLC; former co-CEO, Kraft Foods, Inc.
  • Kay Koplovitz, Chairman and CEO, Koplovitz & Company LLC; founder and former Chairman and CEO, USA Networks
  • J. Randall MacDonald, CEO, Managing Partner, Windham Mountain Partners; Retired Senior Vice President, Human Resources, IBM
  • Ronald Rolfe, Former Partner, Litigation, Cravath, Swaine & Moore LLP
  • Howard Stringer, Former Chairman, President and CEO, Sony Corporation

Morning Media Newsfeed: Court Torn Over Aereo | Time Inc. Board Revealed | Comcast Gains Soar

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Supreme Court Justices Express Concern Over Scope of Aereo Ruling (TVNewser)
While hearing oral arguments from attorneys representing the broadcast networks and Aereo Tuesday morning, the Supreme Court justices “appeared unsure” how to rule in the case. Reuters Aereo, backed by media mogul Barry Diller’s IAC/InterActiveCorp, could be forced to shut down if the court rules for the companies challenging the startup. A win for Aereo could spur innovation in the television industry by paving the way to new, cheaper ways for consumers to watch shows. A decision is due by the end of June. Bloomberg Hearing arguments Tuesday in Washington, some justices suggested they viewed Aereo as violating broadcaster copyrights by using thousands of dime-sized antennas to get over-the-air signals without paying fees. “There’s no technological reason for you to have 10,000 dime-sized antennas other than to get around the copyright laws?” Chief Justice John Roberts asked. At the same time, the hour-long hearing didn’t clearly indicate the likely outcome, as justices including Stephen Breyer repeatedly asked whether a ruling favoring the broadcasters would imperil the cloud computing business. Variety Some of the justices on Tuesday suggested that they faced a challenge in defining just what Aereo is, and drawing a line on where privately used consumer technology ends and a publicly performing service begins. The Washington Post Aereo argued that its thousands of antennas are essentially rented to subscribers of its $8-a-month service for users to pull programs from the public airwaves legally and then store in Internet server files to watch at their convenience. In that way, it is just a mediator, the company argued, with consumers in control of how they use the company’s antennas and storage files for pulling and recording programs from the airwaves. Most of the arguments, which lasted more than an hour, were focused on the justice’s queries about the definition of public and private performances in copyright law and how Aereo differs from cable, satellite and other Internet video firms that pay broadcasters retransmission and other license fees.

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Morning Media Newsfeed: Cuts at Kushner Papers | Time Warner Sells HQ | Manjoo to NYT

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Layoffs at OC Register, Riverside Press-Enterprise (LA Times / Money & Co.)
Significant layoffs hit the newsrooms Thursday at the Orange County Register and Riverside Press-Enterprise, a troubling sign for the Aaron Kushner-owned publications. Exact numbers have not been released at the Register, although the cuts there are reported to number roughly 35 people. The paper’s editor, Ken Brusic, and most other top editorial managers have departed, according to multiple sources in the newsroom who asked not to be named because they were not authorized to speak. LA Times The elimination of 71 employees, many of them seasoned journalists, marks a sharp reversal by Kushner, who controls Freedom Communications Inc., which owns both papers. The former greeting card executive had spent much of the last 18 months growing his publications, acquiring additional news outlets and hiring more than 100 reporters and editors in the process. LA Observed It’s all about restructuring for the future, including the Register‘s upcoming invasion of Los Angeles County, Kushner says. The “content team,” as he puts it, is now 172 people larger than when he arrived, Kushner writes. Donna Wares, previously announced as editor-in-charge of the LA Register, will become managing editor. Poynter / MediaWire Rob Curley is the new editor of the Register. He replaces Brusic, who the Register says is “stepping down as part of a reorganization of the newspaper’s newsroom.”

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Time Warner Center to Sell for $1.3 Billion

The Time Warner Center is about to be sold. The Wall Street Journal reports that Time Warner is nearing a deal with Related Companies to sell the building for $1.3 billion.

Time Warner’s goal since it asked Eastdil Secured to market the building in April has been to consolidate space. If the Related deal goes through, Time Warner would relocate to a building in Hudson Yards that Related plans to develop.

Time Warner Center, which has been open since 2003, was built by Time Warner for about $520 million.

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