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Your Media WeekEnd: Time Warner’s CEO Could Get $500 Million Dollars Richer, Bloomberg Media’s Up, NYT's Multi Million Dollar Global Expansion

BLOOMBERG MEDIA STILL ON THE UP AND UP
When Michael Bloomberg took back day to day control of his company following his three term stint as New York City's Mayor, there were many speculations about what the company would look like under his leadership and what would become of the consumer facing media division.
WAIT...SAY WHAT NOW?

"We both have been very focused on keeping all the Time Warner executives — business executives, creative executives — going forward for the long term"
-TIME WARNER CEO JEFF BEWKES ON WHO GOES AND WHO STAYS AFTER AT&T DEAL CLOSES
AT&T LOOKS TO MAKE A BIG SPLASHY ARRIVAL ON THE MEDIA STAGE WITH TIME WARNER ACQUISITION
The news sent TimeWarner's stock soaring almost 8%. If you remember it was just two years ago that Media Mogul Rupert Murdoch made an offer for the company but it was shot down by CEO Jeff Bewkes and the company's board.  Well this morning it was announced that AT&T has agreed in principle to buy the media giant for $85 billion in a deal that will create a new media and communications giant

PLAYBOY IS FOR SALE AGAIN
Playboy Magazine's current owner is said to be in advanced talks to sell the magazine to Hollywood executives Jeff Sagansky and Harry Sloan. The publication which recently decided to go the fully clothes route to attract more advertisers, is also said to be dealing with an internal rift between newly installed creative chief Cooper...

BUZZFEED'S CEO CALLED OUT IVANKA TRUMP ON A DECADE OLD STATEMENT
While waiting around in an airport lounge in Burbank California, Buzzfeed CEO Jonah Peretti posted a tweet after reading on his website that Ivanka Trump addressed her father's lewd language...

DID TIME INC QUIETLY SHUT DOWN ITS DIY SITE FOR MILLENNIALS THE SNUG.COM?
Back in January 2015 Time Inc launched TheSnug.com a decor and DIY site for "Millennials". The site has been a hub for all things interior decorating and DIY projects mostly sourced from other Time Inc publications and websites around the web.

NBC UNIVERSAL DOUBLES UP INVESTMENT IN BUZZFEED, NOW OFFICIALLY IN DIGITAL MEDIA PROXY WAR WITH DISNEY
Buzzfeed CEO Jonah Peretti who earlier this week ratted on Ivanka Trump is probably having the best week ever. See, Mr. Peretti's website, Buzzfeed.com is worth a lot more today thanks to another $200 million vote of confidence from media...

NEW YORK TIMES BOUGHT ONLINE CONSUMER GUIDE WIRECUTTER FOR $30 MILLION
Former Gizmodo editor Brian Lam launched the Wirecutter back in 2011 and today he's handing it off to the New York Time in an all cash deal worth about $30 million. Mr. Lam will stay on as an advisor for now while...

TWITTER AND NEWSPAPER GIANT GANNETT WILL LAY OFF CLOSE TO 800 PEOPLE BETWEEN THEM
Some huge layoffs are on the horizon at two major companies. Between the two companies about 800 jobs total will be eliminated. At Twitter, the company which is still trying to find a new path under CEO Jack Dorsey is said...

NATIONAL GEOGRAPHIC NAMED A NEW HEAD OF DIGITAL AND CHIEF MARKETING OFFICER
Two big appointments at National Geographic today. The company said it has brought in Jill Cress as its new Chief Marketing Officer. In this role she will oversee global brand vision, brand strategy, creative, consumer...

MEREDITH UPS DISTRIBUTION OF 'THE MAGNOLIA JOURNAL' BY 50 PERCENT BRINGING TOTAL PRINT RUN TO 1 MILLION COPIES
Fixer Upper stars turned lifestyle/media moguls Chip and Joanna Gaines are on top at the moment. Not only does the couple and parents of 4 have the hottest selling book in the country, their new magazine which is produced by Meredith, is also...
NY TIMES EXECUTIVE EDITOR DEAN BAQUET SAID THAT CNN AND FOX NEWS ARE BAD FOR DEMOCRACY
This mix of entertainment and news, and news masquerading as entertainment, is kind of funny except that we now have a guy who is a product of that world nominated as Republican presidential nominee,” Baquet said in an interview with the Financial Times published Friday.

GANNETT TRONC DEAL IS ON HOLD
As Gannett’s deal to buy Tronc unwound in real time Thursday, punctuated by historic one-day share price slides, those in and around the deal struggled for words to describe it. Collapse. Hit the wall. Game over. However, for the money guys all around this deal, it’s a phenomenon they’ve seen before.

SNAPCHAT IS HOPING TO RAISE $4 BILLION WITH IPO
Snapchat will seek to raise as much as $4 billion in its planned initial public offering, according to people familiar with the matter. The IPO could value Snapchat at about $25 billion to $35 billion, the people said, asking not to be identified as the details aren’t public. No final decision has been made and the size of the IPO may change, they said. The valuation could reach as much as $40 billion, one of the people said.

FORMER TIME INC CHIEF TECHNOLOGY OFFICER COLIN BODELL LANDS AT AMERICAN EAGLE OUTFITTERS AS ITS FIRST CHIEF TECHNOLOGY OFFICER
Based in Pittsburgh, Mr. Bodell will lead the retailer’s digital technology team of engineers, software developers, analysts and IT staff. He reports to Chief Operating Officer Michael Rempell.

TASTY IS THE ENGINE THAT DRIVES BUZZFEED VIDEO
Tasty is not just one of the biggest publishing brands on Facebook; it’s now the driving force behind the BuzzFeed video juggernaut. In September, Tasty’s main Facebook page was the third-biggest video account on Facebook with nearly 1.7 billion video views, according to Tubular Labs. Viewership per video is also staggering: During the last three months, Tasty’s Facebook videos have averaged 22.8 million video views in the first 30 days alone.

BARRON'S EDITOR ACCIDENTALLY SENDS EMAIL ANNOUNCING PLANNED LAYOFFS...OUCH!
Barron's is planning to announce lay-offs next week, editor Ed Finn wrote in an email that he accidentally sent to the entire Wall Street Journal newsroom on Friday. On Friday morning, Journal editor Gerard Baker emailed Journal employees to announce a round of newsroom buy-outs. Finn — the president and editor of Barron's, which is owned by Journal parent company Dow Jones — apparently meant to forward Baker's email to Dow Jones Media Group publisher Almar Latour and two other company executives.

THE NEW YORK TIMES AND OTHER MEDIA COMPANIES SELL TICKETS FOR THEIR ELECTION NIGHT EVENTS
The New York Times, which hosted a large election event in 2008, is doing so again this year. For $250, ticket-holders are invited to hear Times reporters, editors, and executives -- including executive editor Dean Baquet and CEO Mark Thompson -- as well as "special guests" discuss the election. Guests will also be able to attend a cocktail reception after the forum ends.

VIACOM IS ABOUT TO NAME ITS LONG TIME INTERNATIONAL CHIEF BOB BAKISH AS ITS NEW INTERIM CEO 
Viacom Inc. is close to naming longtime executive Bob Bakish interim chief executive officer as the company explores a possible merger with CBS Corp., according to people with knowledge of the matter. Bakish will have the opportunity to become permanent CEO, said one of the people, who asked not to be named discussing private deliberations. The decision to name him isn’t final, and someone else could be chosen, they said. Viacom’s board is scheduled to meet Monday but could sooner.

VERIZON BUYS VIDEO PLATFORM 'VESSEL' FROM FORMER HULU CEO
Verizon said it is buying the technology behind Vessel, the short-form video firm started by former Hulu CEO Jason Kilar. The telecom giant is acquiring Vessel’s product and technology, but plans to shut down the Vessel service. Kilar won’t be joining Verizon long-term, but his co-founder, Vessel CTO Richard Tom, will become the CTO for Verizon’s digital entertainment efforts.

GROUPON IS BUYING LIVING SOCIAL
Groupon has agreed to buy LivingSocial, its main competitor in the daily-deals industry. Chicago-based Groupon said in its third-quarter earnings report that it entered into the agreement with Washington, D.C.-based LivingSocial on Monday. Groupon did not disclose the value of the deal but said, “The acquisition consideration is not material.”

CUTS COMING TO THE NY DAILY NEWS
Daily News staffers are growing more nervous by the day. New Editor-in-Chief Arthur “Chucky” Browne is said to be exploring a move of up to 40 jobs to a facility in the Jersey City printing plant. In addition, 15 to 30 newsroom jobs at the struggling tabloid will be eliminated between Election Day and Thanksgiving, sources said.

NEW YORK TIMES WILL SPEND $50 MILLION ON ITS GLOBAL EXPANSION
The New York Times has earmarked $50 million over the next three years for its global expansion, which is a small outlay compared with what the Guardian and Mail Online have spent on their overseas operations. “We are learning in part from what we’ve done in the past and some of our peers have done in terms of their global expansion.”
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Your Media WeekEnd: Time Warner’s CEO Could Get $500 Million Dollars Richer, Bloomberg Media’s Up, NYT's Multi Million Dollar Global Expansion Reviewed by Editor on Sunday, October 30, 2016 Rating: 5
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