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Your Media Morning: CR Fashion Book Lands at Hearst in Digital Deal, Nick Denton is Still Lavish, Penske Media Goes After Nikki Finke Again

BANKRUPTCY? WHAT BANKRUPTCY? FORMER GAWKER BOSS NICK DENTON IS STILL LIVING LAVISHLY
Denton hasn’t stopped spending money - he paid his husband of two years, Derrence Washington, a $1,550 allowance in October and spent nearly $2,400 on clothes and food, according to bankruptcy filings obtained exclusively by DailyMail.com. Court documents show that Denton started October with $124,899.04 in cash and has a monthly income of $19,404. He spent $14,721.62 on his mortgage payment, $4,400 on his rental payment, $950 on housekeeping, $178 on utilities, $258 for transportation, $7,046.14 on repairs and maintenance, and $2,383.56 on food, clothing and hygiene.

PENSKE MEDIA CONTINUES ITS PETTINESS WITH NIKKI FINKE THIS TIME OVER HER JOINING DAN ABRAMS' MEDIAITE
Rival digital-media player Jay Penske’s Penske Media is threatening legal action against Mediaite, claiming Finke’s hiring is in breach of a noncompete clause that she agreed to in her settlement with Penske when she exited the Hollywood blog she created, Deadline.com.

DISNEY'S ABC MULLING 24 HOUR DIGITAL NEWS CHANNEL
ABC owner Disney has been looking into such a news service channel, though it wouldn’t launch until next year.
ABC used to have its own stand-alone news channel, ABC News Now, which it rolled together with Univision’s Fusion. But when ABC exited the Fusion joint venture, it left the network without a stand-alone channel, just at a time when other outlets were recording sky-high ratings thanks to the election.

TALENT EXODUS AT HEARST MAGAZINES UK AFTER HEARST U.S TAKES CLOSER CONTROL
The latest issue of Hearst’s Good Housekeeping carries "tried and tested" tips for Christmas, but the US-owned magazine giant is facing its own housekeeping issues after a wave of senior departures in the last month. Anna Jones, chief executive of Hearst UK, quit after two-and-a-half-years in charge to co-found All Bright, an investment company that backs female entrepreneurs. Lorraine Candy, editor of Elle for 12 years, left to take up the role of luxury content director at News UK. And Andy Hart, chief revenue officer of Hearst Magazines International in London, has exited after only a year.

UK LUXURY PRINT MAGAZINES STAYING ABOVE THE DOOM AND GLOOM OF THE PRINT MARKET
With 100-year-old Vogue and design and lifestyle bible Wallpaper producing their biggest-ever issues – and “handbag” size pioneer Glamour seeking to bulk up to a bigger, glossier edition – the luxury magazines appear to be defying the advertiser and reader exodus rapidly eroding the rest of the magazine market. More than a million British consumers stopped buying print magazines, or gave up their subscription, in the year to the end of June. Titles such as Loaded, Zoo, Nuts, FHM, Company, InStyle and Reveal have closed or embarked on digital-only reimaginings, while the 64-year-old music bible NME has been forced to go free to find an audience as paying print fans dry up.

GOOGLE IS AHEAD OF FACEBOOK IN FAKE NEWS PR WAR
Fake news has become such a hot-button topic that even President Obama chimed in to criticize the rampant spread of misinformation online. Google and Facebook have both been criticized for allowing false stories to proliferate online during the presidential election. Although both companies recently banned fake news sites from their ad networks, Google has been more forthcoming about the problem. And data shows that Google has had more success than Facebook in detaching itself from the false-news albatross.

MARKETERS ARE LOVING SNAPCHAT SPECTACLES
Snapchat’s Spectacles have been making the rounds. The company’s latest offering, which hit the streets just over a week ago, is a hit among marketers, with brands and agencies like Sour Patch Kids, Mountain Dew, VaynerMedia and Space150 already trying them out. The pair of sunglasses can take 10-second videos from the point of view of the wearer, which the wearer can then upload to Snapchat.

FACEBOOK ACQUIRES ZURICH EYE TO LAUNCH OCULUS ZURICH?
Oculus is going on a recruitment drive, with over 100 positions available, mainly in its U.S. offices. But the company is making big moves across the globe. Late last week German site Handeszeitung reported that Oculus parent company Facebook had acquired Zurich Eye, a Switzerland-based group formed of members of the University of Zurich and another university, EMT Zurich. Following that, a Facebook representative apparently confirmed to Swiss Info that the 10-man team would be joining Oculus as part of a new office in Zurich.

THE EXECUTIVE EDITOR OF DEADLINE HOLLYWOOD IS STEPPING BACK AFTER JUST 3 MONTHS
Deadline Hollywood executive editor Michael Cieply is stepping back from the publication after just three months. Multiple insiders said Cieply would take on a reduced role after clashing with Deadline editors in chief Mike Fleming and Nellie Andreeva. One said he would be a freelancer rather than top editor.

POLITICO FOUNDER JIM VANDEHEI HIRES FCC PRESS SECRETARY TO COVER TECHNOLOGY FOR HIS FORTHCOMING MEDIA START UP
Politico co-founder Jim VandeHei’s new company doesn’t have a name yet. And he has yet to explain exactly what the company will be, exactly. But he’s hiring for it anyway. Here’s his newest recruit: Kim Hart, the current press secretary at the Federal Communications Commission, will oversee tech coverage for the newco, which should launch early next year.


-Good Morning
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Your Media Morning: CR Fashion Book Lands at Hearst in Digital Deal, Nick Denton is Still Lavish, Penske Media Goes After Nikki Finke Again Reviewed by Editor on Monday, November 21, 2016 Rating: 5
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