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Your Media WeekEnd: End of An Era at Conde Nast, Thousands of Jobs Being Eliminated at Thomson Reuters, Time inc Made No money in 2016

2,000 HEADS BEING CUT FROM THOMSON REUTERS' PAYROLL
It’s about simplification and taking out bureaucracy and taking out layers all of which have added complexity and slowed us down.These actions are not driven by any reaction to market conditions or in any way coming on the back of underperformance
WAIT...SAY WHAT NOW?

"For over a decade, I’ve shared my thoughts with you at the close of the business year, but this particular moment is special to me, as after careful planning with the Newhouse family, I have decided to retire on December 31"
-CONDE NAST CHAIRMAN CHUCK TOWNSEND ON HIS DECISION TO RETIRE
APPLE WAS BEING URGED TO MAKE A RIVAL BID FOR TIME WARNER BUT DECIDED NOT TO
AT&T may not have Time Warner in the bag just yet. Last week the telecom giant announced that it was acquiring the media/entertainment giant for $85 billion. The deal will need to go through heavy government scrutiny before it closes so nothing is concrete just yet.

MILLENNIAL FEMALE FOCUSED WEBSITE BUSTLE SAID IT WILL HIT $30 MILLION IN REVENUE
Things couldn't be better at millennial female focused website Bustle.com. Not only did the three year old website attract 28.6 million unique visitors in the U.S. in September, but according to founder/ceo Bryan Goldberg...

THE DESIGN COMMUNITY WEIGHED IN ON THE RELAUNCH OF VOX MEDIA'S 'THE VERGE'
As promised Vox Media relaunched TheVerge its tech news website. The company is attempting to expand the Verge brand into new areas and so the first step was to relaunch the website and tweak the logo. We're sure the folks at TheVerge feel good about it all...

TIME INC DIDN'T MAKE ANY MONEY IN 2016
Time Inc's third quarter report card is in and its more of the same, specifically on the print side of things. However, on the digital, social media and Video side, everything's golden...

SPORTS ILLUSTRATED WENT TO PRESS EARLY TO RELEASE THEIR HISTORIC CHICAGO CUBS COVER
On the heels of Wednesday night’s historic victory for the Chicago Cubs in Game 7 of the 2016 World Series, Sports Illustrated has accelerated its regular production schedule to release the new cover of SI almost a full week early...

CBS AND TIME WARNER FLIRTED WITH A MERGER WEEKS BEFORE AT&T CAME IN
CBS wowed Wall Street yesterday with a strong third quarter performance. But then it wowed them and media watchers even more when it revealed that just weeks before AT&T came in and scooped up Time Warner, it too held talks with the entertainment giant about a merger...

JANE YONG KIM INSTALLED AS EDITOR OF THEATHLANTIC.COM
Jane Yong Kim will join The Atlantic as culture editor for TheAtlantic.com, and Sophie Gilbert, who has been in this role since January 2015, is becoming a staff writer on the Culture team. The moves were announced today by the site’s editor J.J. Gould. Culture is one of the most visited sections of TheAtlantic.com and consistently publishes many of the most-read pieces on the site. As the culture editor, Kim will shape the section’s coverage and oversee its staff of writers and frequent contributors.

MEMBA BONNIE FULLER? SHE'S TALKING ABOUT LIFE AFTER MAGAZINES
It’s been a while since we heard from Bonnie Fuller. The media veteran has spent the bulk of her career as an editor-in-chief at a stable of major magazines, from YM to Cosmopolitan to Glamour to US Weekly. Once called the “Joel Schumacher of editing,” Fuller jumped ship from a high profile (and reportedly quite lucrative) post as editorial director of American Media — publisher of Star, Shape and Men’s Fitness — in 2009 to take over as editor-in-chief of a new, little known site called HollywoodLife.com.

OZY AND WIRED ARE BUDDYING UP FOR LIVE ELECTION NIGHT COVERAGE
The coverage will be coming out of Washington DC at one of the capitol's hottest restaurants, Busboys and Poets (5th and K). The program will be hosted by OZY.com Editor in Chief Carlos Watson, and feature a number of celebrity and political guests throughout the evening, along with correspondents in swing states, and real time poll results and analysis.  Some guests booked to appear include: former Secretary of State Condoleezza Rice, Republican strategist Karl Rove, Norman Lear, Mike McCurry, Jim Messina, Ann Coulter, and many more.

NEW YORK MAGAZINE'S PUBLISHER LARRY BURSTEIN IS LEAVING AFTER 13 YEARS
Larry Burstein, who has served as publisher of New York magazine for the last 13 years, is leaving that role, he announced in a memo to staff Friday morning. Mr. Burstein was on his third term as a New York magazine employee -- he worked as an account executive in the early 1980s, returned in 1984, left again, and returned in 2003 as publisher.

SNAPCHAT OFFERS UP NEW CAPABILITIES TO WOO ADVERTISERS: Snapchat is trying hard to woo advertisers as it prepares for an IPO. The company is pushing attachments to ads such as articles, long-form video and app-install ads.  Snapchat also is allowing advertisers to run horizontal video within the attachment rather than vertical, which is its signature style.

THE NEW YORK TIMES BREAKS DOWN PAYWALL FOR ELECTION
The New York Times is inviting readers to take advantage of its reporting, analysis and commentary from the lead-up through the aftermath of the 2016 election. Readers will have unlimited access to NYTimes.com for 72 hours from 12:01 a.m. ET on Monday, November 7 until 11:59 p.m. ET on Wednesday, November 9.

TWO MONTHS IN AND PUBLISHERS ARE ALREADY WEIGHING IN ON SELLING SUBSCRIPTIONS THROUGH APPLE NEWS
Since September, publishers including The Wall Street Journal, the Economist, National Geographic and the Radio Times have been using Apple News’ subscribe feature. The service lets publishers sell subscriptions from within Apple News, with Apple taking a 30 percent cut of subscriptions it drives. Before the service, Apple frustrated publishers by driving traffic but not much in the way of revenue. Still, there’s little evidence it’s driving much revenue for publishers yet, and there are difficulties in driving traffic.

A WRETCHED DAY, WEEK, MONTH YEAR FOR ANYONE WHOSE PAYCHECK DEPENDS ON PRINT ADVERTISING: The Wall Street Journal has started the process of laying off staff and will significantly trim down its print edition as it grapples with advertising revenue declines. The downsized Journal, which will debut November 14, will combine some sections and reduce others, resulting in less coverage of arts, culture and local news.

ROLLING STONE LOSES CAMPUS RAPE DEFAMATION SUIT
Former University of Virginia associate dean of students Nicole Eramo has won her defamation suit against Rolling Stone and one of the publication’s reporters over a retracted 2014 story on an alleged gang rape on the school’s campus. A federal jury found the magazine and reporter Sabrina Erdely liable in the $7.5 million lawsuit on Friday after hearing closing arguments on Tuesday.

HEARST'S COSMO MAGAZINE BUDDIES UP WITH TV LAND FOR CREATIVE MULTI-PLATFORM EFFORT
Some partnerships are more organic than others. Such is the case with Cosmopolitan and TV Land’s hit series “Younger.” The multi-platform campaign running from October through December includes print, digital and on-air elements. Among the highlights: a two-part guide to modern dating in the November and December issues of Cosmo’s print edition, as well as a Facebook Live coverage from both inside the “Younger” fashion closet and from the red carpet of its September 28 season premiere. Perhaps the biggest score for Cosmo is a series of 30-second, co-branded tune-ins throughout October

VIMEO IS GETTING INTO THE SUBSCRIPTION VIDEO SERVICE BUSINESS
Vimeo is preparing to take on Netflix, Amazon, YouTube and others with the launch of its own consumer-facing subscription service, the IAC-owned company announced. In a shareholder letter, Joey Levin, IAC CEO and interim Vimeo CEO, detailed Vimeo’s plans to more broadly compete in this space, while also differentiating its service from existing subscription players.

CONDE NAST'S TECH PUBLICATIONS LAUNCH $4,000 A YEAR MEMBERSHIP PROGRAM: Condé Nast’s Wired Media Group, consisting of Wired, Ars Technica and Backchannel, is going a step further. It’s launching a membership program for executives who want to stay on the cutting edge of technology. For $4,000 a year, members of the Emerging Technology Council (and up to four of their colleagues) get access to in-person and virtual events where they can hear presentations by tech startups; join a 24/7 online community; receive a newsletter (likely monthly) and other perks. The first event, set to take place in January, will be a virtual discussion on intelligence and machine learning with Ars Technica founder and editor in chief Ken Fisher.

SUBSCRIBERS FLEEING DISNEY'S ESPN: ESPN lost 621,000 cable subscribers in October, the most subscribers it’s ever lost in a single month, Outkick the Coverage reports. The dramatic drop in subscribers coupled with poor viewership on sports content spells a clear and present danger for the sporting industry
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Your Media WeekEnd: End of An Era at Conde Nast, Thousands of Jobs Being Eliminated at Thomson Reuters, Time inc Made No money in 2016 Reviewed by Editor on 12:37 PM Rating: 5
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