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FORMER SONY CORP CEO HOWARD STRINGER AGREES TO BE TIME INC'S BAIT FOR INVESTORS























THE NEW YORK TIMES AND TEXAS MONTHLY ARE FIGHTING OVER THIS GUY








TRIBUNE PUBLISIHING CEO JACK GRIFFIN WILL MAKE MILLIONS IN OR OUT OF THE JOB








JEFF BEWKES SINKS TIME INC FURTHER INTO DEBT



4/16/2014

CBS Chief Executive Les Moonves is among the highest paid CEOs in any industry dwarfing 2013 earnings of execs who sit atop companies with market caps in the hundreds of billions. In the past, many many years ago, we predicted that Les would be Sumner Redstone's star exec. We even suggested that the old man put Les in Charge of both Viacom and CBS, something along the lines of the of the dual  rolls of Carlos Ghosn who is Chairman and CEO of Renault and Nissan. Anyway, its no secret that Les Mooves has been on his game at CBS. Under Moonves CBS's stock shot up a sweet 69% in 2013 topping other media companies. And the network is enjoying solid ratings in prime time. But some question whether or not his 2013 earnings of $66.9 million is justified. Apparently his counterpart at Viacom Philippe Dauman  made 56% less then he did, even though Viacom's stock jumped almost 60% and has a bigger valuation than CBS. Does Mr. Moonves have a sweeter deal than Mr. Dauman? It is very possible that Mr. Moonves's contract has certain guarantees that were put in place when Viacom split in two. Remember Mr. Dauman only came in after Tom Freston was let go for missing out on the disaster that was Myspace.

The bulk of Moonves' pay package comes courtesy of $26.5 million in stock awards and $28.5 million in bonus money, which reflects a $20 million bonus for running the company and $8.5 million "for his leadership in connection with the creation of premium content across the company's portfolio businesses." He also got security and a car and driver plus "personal use of the company aircraft," according to a regulatory filing.

source: thr

TV is king this year when it comes to Hollywood Reporter's annual "Most Powerful People in New York Media" list. There were a few names on the list associated with print media like New York Times' Jill Abramson, Bloomberg's Justin Smith, Vogue's Anna Wintour and The New York Post's Jesse Angelo and Col Allen. Names on the internet side includes, the Buzzfeed guys Jonah Peretti and Ben Smith, Gawker's Nick Denton and Huffington Post's Arianna Huffington.

see full list: thr


 

4/15/2014

If you want to be part of newly installed Entertainment Weekly Editor In Chief Matt Bean's team, all you have to do is be "FAST, FUNNY and FLEXIBLE". Now those are three qualities that will almost land anyone a job. But only one guy came out on top and his name is Kyle Ryan who once did some stuff with the fake new site TheOnion.com until they moved him over to run a real news/pop culture site called TheAVclub. Mr. Bean is counting on Mr. Ryan to help him plan out the digital future for EW.com which Mr. Ryan will now be in charge of.

source: nypost





Last week it was revealed that Time Inc reached out to former Sony Corp CEO Sir. Howard Stringer about joining the board of the soon to be public company. Stringer is said to have slept on it for a bit and has now agreed to sit on the board. Stringer's presence on the board is a big plus for the company thanks to his lengthy experience running a major publicly traded company. And his respected track record.  It also sends a message to Wall Street and future investors that the company is serious about delivering shareholder value.

Stringer, a former journalist and ex-president of CBS, was the first foreign executive to head Japan-based Sony — where he served as CEO from 2005 until he retired in 2012. Stringer is the marquee name that sources said was personally recruited by Time Warner CEO Jeff Bewkes to help in the effort to sell Time Inc. to Wall Street.

source: keith kelly

Tribune Publishing CEO Jack Griffin is in the money whether he stays or leaves. See, Mr. Griffin who took over as CEO just yesterday of the soon to be spun off unit, is set to make a $1 million annual salary, a bonus of another $1 million plus a $1.5 million stock award each year bringing his total compensation to a sweet $3.5 million a year. However if the company were to ever be sold and Mr. Griffin is pushed out by the new owners or decides to walk away, he will walk away with another $2 million in goodbye money. Must be nice knowing you can quit when you want.

Chicago-based Tribune, which owns the Chicago Tribune, Los Angeles Times and Baltimore as well as five other major dailies, said last year that it plans to spin off the newspaper division to its shareholders so it can focus on its broadcast business, which it expanded last year with the $2.73 billion purchase of Local TV Holdings LLC.

source: chitown business

AOL has been fighting under the leadership of the out of touch Tim Armstrong to become a leader in online advertising. Its latest move to help achieve this is to go big on video.

         AOL reformatted its Web site Tuesday to highlight video from owned properties like Huffington Post and a bench of content partners, the latest gambit by the online media company to become a video-advertising leader online. The videos will be programmed around daily video habits and change throughout the day, drawing from content partners of the company's AOL On network -- including ESPN, the Wall Street Journal, and Vogue -- as well as AOL's own properties like Huffington Post and Engadget.

source: cnet

4/14/2014

Elle magazine has officially lost its creative director Joe Zee to Yahoo. Mr. Zee has been announced by Yahoo! as their new editor-in-chief and executive creative officer of Yahoo! Fashion. Zee will also serve as editor at large for Yahoo! Beauty where he will work with the recently named head of Yahoo! Beauty, cosmetics mogul Bobbi Brown. We are happy for Joe Zee but we predict that Mr. Zee will head back to the world of Print in a few years. His dream is to lead a major fashion publication but all the top spots are currently filled.


For Zee, who has arguablly been the most prominent face of Elle, the new job at Yahoo is a fairly expansive role that will give him the freedom to develop the content not only for the Internet giant's digital fashion magazine, but also the power to execute events for the site and create unscripted programming, he told WWD. 

"It probably is a little bit of a head scratcher coming out of the world of fashion," Zee said of the job move. "But I'm sitting with Marissa Mayer [Yahoo president, director and chief executive officer] and she said, 'Consider this your playground.'"
 
source: wwd

With the departure of  Southern Living Editor in Chief Lindsay Bierman who served in that roll for 4 years, Time Inc's Evelyn Webster has named Sid Evans the new EIC for the publication. Mr. Evans who is currently Group Editor will continue in that roll until it becomes too much.

Evans continues oversight of the other titles that comprised the former Southern Progress Corp.: Cooking Living, Coastal Living, Sunset, and This Old House.  He is based in Birmingham, Ala., and Webster complimented him in saying that "Southern Living is in excellent hands with Sid, whose knowledge, understanding and passion for the South is unmatched."

source: min

4/13/2014

Its like two high school girls fighting over a boy. The New York times is being sued by Texas Monthly because the New York Time allegedly stole Texas Monthly's only hottie Jake Silverstein to be the new editor of its magazine.

Texas Monthly's claim:

Jake Silverstein, who was hired away from the Emmis Communications title last month to become the new editor of the New York Times Magazine, was under contract at the regional monthly until the Times, “without legal justification or excuse,” caused him to breach that deal, the lawsuit claims.

New York Times' claim:

They had an understanding with Emmis during the search that Jake would be permitted to exit his contract with Emmis and take the job,” a Times spokeswoman said. “Inexplicably, Emmis has instead decided to initiate litigation. We believe there is no basis for a lawsuit.”

Emmis clearly is feeling hurt and wants to be compensated for its feelings. At the same time, this behavior is sending a bad message to the next editor of Texas Monthly that, Emmis doesn't believe anyone but Jake Silverstein can do the job and so they will always feel like seconds. In the end, the only winner in all of this will be Jake Silverstein who is clearly worth the battle. Another party may just swipe in the steal him away from New York Times.

4/10/2014

News Corp/FOX ruler Rupert Murdoch chatted with Fortune's Patricia Sellers where the 83 yr old media mogul talked about his empire, his ex wife and the future of some of his beloved news properties like the money losing tabloid the New York Post. Mr. Murdoch said that it is likely that the Post which loses boat loads of money ($40 million in 2012) each year, will likely go digital within 10 years. However we think the Post will go all digital much sooner to slow the bleeding. Its already positioning itself for an all digital strategy which we spoke about a few months back and with the recent announcement that a new entertainment site will be launched,serves as further evidence that the move to an all digital strategy is accelerating.

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