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Your Media Morning: The New Boss Speaks: Time Inc CEO Rich Battista Shares His Vision...

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By CANDY LIU and BEN MORITZ   |  9/14/16
FORMER TIME INC CEO JOE RIPP'S STENT SURGERY LEAD TO EARLY PASSING OF THE BATON
A few weeks ago, Time Inc's now Former CEO Joe Ripp who is 64, spent a few days in the hospital following what is now said to be surgery to have stents put in to open clogged heart arteries. After the operation, Mr. Ripp said he made the decision...

THE LAUNCH OF VICE'S NIGHTLY NEWSCAST  HAS BEEN DELAYED TWO WEEKS
HBO and Vice Media are delaying the launch of their evening newscast for two weeks until Oct. 10 to make sure all of its creative elements work, including an ability to dive deeper into a story though touch screen technology.The companies offered a peek Tuesday at "Vice News Tonight," which will air weeknights at 7:30 p.m. EDT on HBO. The 30-minute newscast won't have an anchor but has a subtle musical soundtrack.

PLAYBOY'S NEW CLOTHES ON IMAGE IS PAYING OFF ON NEWSSTANDS BUT...
Yes, no nudes is good news for Playboy, which gained wider newsstand distribution once it said no to nakedness — starting with the March issue — and that has sparked an increase in single-copy sales, to 47,203 a month, according to the Alliance for Audited Media.Unfortunately, barely 10 percent of Playboy readers these days pick up a copy on newsstands. Most readers are subscribers, and there the nudes — er, news — isn’t as sexy.

CNN BOSS JEFF ZUCKER: AD INVENTORY FOR ELECTION NIGHT IS SOLD OUT
We experienced incredibly strong demand for CNN during the upfront and that's both for our news coverage and especially for our original series and films. We have a tremendous number of new and returning advertisers for our original series. Volkswagen returns as our presenting sponsor for the third year in a row for CNN Films.

GANNETT LEADS INVESTMENT ROUND IN DIGG
Gannett Co. has set its sights on some big newspaper acquisitions lately, but it isn’t neglecting the digital world. The owner of USA Today and over 100 small and medium market newspapers said Tuesday it is leading an investment round in the pioneering social media company Digg. Gannett said the investment is an opportunity to tap into Digg’s data capabilities that allow it to simultaneously analyze 7.5 million pieces of content online in real time.

FORMER FOX NEWS CHIEF ROGER AILES IS REDUCING HIS REALESTATE HOLDINGS
Amid an avalanche of sexual harassment allegations, former Fox News chairman and CEO Roger Ailes has put two of the handful of homes that comprise his 20-plus-acre hilltop compound in bucolic Garrison, N.Y, up for sale, with asking prices considerably below what he paid.

FORMER VOGUE CREATIVE DIRECTOR GRACE CODDINGTON REFLECTS VIA NEW BOOK
For the first time in perhaps decades, Grace Coddington isn’t part of the grind of New York Fashion Week. Since stepping down in January from her full-time role as the creative director of Vogue, Ms. Coddington now follows her own calendar.

SOME TIME INC STAFFERS ARE SAID TO BE UPSET ABOUT FORMER CEO JOE RIPP'S $5.7 MILLION PACKAGE
Time Inc. staffers — who have seen dozens of colleagues pink-slipped in a series of recent downsizings — are up in arms over the hefty compensation package being doled out to exiting CEO Joe Ripp.

VIACOM FINED FOR TRACKING ADS ON CHILDRENS WEBSITES
New York Attorney General Eric Schneiderman announced an $835,000 settlement with Viacom, Hasbro, Mattel, and Jumpstart over online tracking on children’s websites. The Attorney General’s investigation found that websites for Barbie, Dora the Explorer, and other popular children’s brands were tracking users to serve ads. While common on the web, ad tracking is forbidden for sites directed at children under 13

OUSTED VIACOM CEO PHILIPPE DAUMAN LEFT FOR THE LAST TIME AND NOBODY CARED
Did anyone see outgoing Viacom CEO Philippe Dauman leaving the office at 1515 Broadway on Tuesday? It is unclear if Dauman showed up at the Times Square headquarters of what was once America’s most influential pop culture company.

POLITICO'S PLAYBOOK NEWSLETTER MAKES PLAY FOR MILLENNIALS, OF COURSE
A bigger social media push for Playbook as a brand is also on the cards. Both Sherman’s and Palmer’s personal presence on Twitter (Sherman has 40,000 Twitter followers and Palmer has 15,200) dwarf Playbook’s brand reach, which sits at 1607 Twitter followers and 976 Facebook likes. Playbook Plus, a dedicated presence on Politico.com due to be launched next year (this month was its initial launch date), is aimed at boosting Playbook’s social presence on Twitter, Facebook and Snapchat, and offer additional news-letter material from weddings, birthdays and events happening in the political world.

FOOD VIDEO GIANT TASTEMADE DIVES INTO VR
Tastemade is a food video giant. And yet, the publisher wants to be known for more than its recipe videos. It’s one of the reasons behind “A Perfect Day in Los Angeles,” the company’s first VR film, which features Ryan Seacrest, Conan O’Brien and social influencers providing a tour of the city. It’s a test case for Tastemade as well as a way to show potential brand partners that the company has this capability too.

THIS IS HOW TIME INC CHANGED UNDER JOE RIPP
Thanks to moneymakers like the Fortune Global Forum and Essence Fest, Ripp had long understood that events could be crucial for a publisher. But until Ripp, who at one point called events key to his strategy, events mostly filled out the margins of Time Inc.’s balance sheet. In addition to expanding Essence, Time Inc. launched festivals around the Sports Illustrated swimsuit issue, Entertainment Weekly began throwing red carpet dinners, and several other titles threw shindigs of their own.

NOW AT&T WANTS TO BE A MEDIA COMPANY
Is AT&T trying to transform into a media company? Execs in the industry say that there has been extensive chatter on the topic all year, with some going so far as to say the telecom giant might make a move sooner than later. The company wouldn’t be alone. Telecommunications outfits are “all evolving into media companies in order to remain competitive.”

TIME WARNER LEADS $12 MILLION CASH INJECTION FOR YOU.iTV
Time Warner Investments has led a $12 million series B funding round for Ottawa, Canada-based You.i TV, which provides a platform behind video apps across multiple devices. “Delivering video directly to consumers is becoming vital to the media industry.”

DEFY MEDIA GOING BIGGER WITH VIDEO THANKS TO $70 MILLION IT RAISED
Defy Media, home of popular web video channels Smosh and Clevver, has raised $70 million in a funding round led by Wellington Management, money that will help the company speed up its growth in the burgeoning online video market. Proceeds from the Series B funding will be used to produce and market movies and online series.

MEREDITH PUSHES EATING WELL MAGAZINE INTO FROZEN DINNERS
Frozen food company Bellisio Foods has released EatingWell frozen entrées, Meredith’s brand licensing group’s first expansion into the retail consumable food category. The frozen entrées were crafted with input from EatingWell editors and will adhere to the magazine’s guidelines for healthy eating.

-Good Morning

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Your Media Morning: The New Boss Speaks: Time Inc CEO Rich Battista Shares His Vision... Reviewed by Editor on Wednesday, September 14, 2016 Rating: 5
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