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Your Media Morning: Axios is Coming, Netflix Goes Offline, Publishers Facing Print Identity Crisis, Layoffs in Media Will Continue in 2017

HUFFINGTON POST FOUNDER AND FORMER PRESIDENT & EDITOR IN CHIEF ARIANNA HUFFINGTON LAUNCHES THRIVE GLOBAL
We are at an inflection point in history where technology has granted us powers that accelerate the speed of life beyond our capacity to cope. We’re more aware than ever that this way of living leaves us depleted, distracted and unfulfilled. Thrive Global is born in response to the need to take control of our lives, offering new strategies and tools, based on the latest science, to address the unintended consequences of these profound and invasive changes.

GAWKER MEDIA WHICH DOESN'T EXIST ANYMORE, TWEAKS 2015 DAILY MAIL STORY TO AVOID PAYING $1 MILLION
Gawker Media has resolved another legal dispute in its afterlife, reaching a settlement with the British media company Mail Online over a story that accused the publication of "dishonesty" and "theft of copyright material. Lawyers for Gawker filed a motion to approve the settlement in New York bankruptcy court on Tuesday, outlining a deal that will include changes to the article at the center of the libel case.

BLOOMBERG MEDIA BOSS JUSTIN SMITH TALKS FAKE NEWS, PLATFORMS, GLOBAL DIGITAL EXPANSION AND THE BATTLE FOR AD DOLLARS "It ties in specifically to the future of advertising in a sense. Certainly the flavor of the month is that Google and Facebook have 85% or 90% of incremental digital mobile growth...Per Bloomberg's estimates, Google will do $73 billion of advertising this year and Facebook will do about $27 billion, so $100 billion together. The $73 billion that Google gets is virtually 100% direct response. It's below-the-line advertising that has rapidly shifted over to the Internet. Which means that the world of premium publishers is really no longer about direct response, classified advertising is way gone, it's about those branding dollars, which I think are shifting over at a very rapid pace. And branding dollars and the power of a branding experience is incredibly related to context...CMOs have been pouring their dollars into these environments because of great data, great accountability, and great ROI, but I think the context piece of it – which is ‘what kind of content are we around and what is the experience’ – has not perhaps come to the forefront of their thinking, and this fake news crisis brings that really front and center."

NETFLIX GOES OFFLINE
Users can now download shows and movies for offline viewing. This is not a drill. Want to binge Stranger Things or Orange Is the New Black, on an airplane or on the road heading home for the holidays? Go wild. Want to watch The Imitation Game on a two-hour subway ride? Knock yourself out. To get offline downloads, just update your iOS or Android app. Once you get the updated app, you can select “Available for Download” from the Netflix menu from your mobile device to see the entire collection of downloadable content.

NBC'S FORMER CHAIRMAN GRANT TINKER DIES AT 90
Grant Tinker, the plain-spoken, silver-haired executive who led a prime-time renaissance at NBC and developed shows that helped redefine series television in the 1970s and ’80s, died Monday at his home in Los Angeles. He was 90. NBC announced his death Wednesday morning. The cause of death was not disclosed.

NEW MEDIA COMPLETES ITS TAKEOVER OF HARRIS ENTERPRISES
New Media Investment Group Inc. announced today that it has completed the acquisition of substantially all of the assets of Harris Enterprises Inc. Dirks, Van Essen & Murray, a merger and acquisition firm based in Santa Fe, New Mexico, represented Harris Enterprises in the sale. Harris, the family-owned collection of local media assets in central Kansas and eastern Iowa, is comprised of six newspapers-of-record and multiple weekly and niche print products. Privately owned and operated for over a century, Harris has consistently been recognized for its quality news coverage, editorial content, printing quality and digital news innovation.

PINTEREST UPDATES THE LOOK OF BUSINESS PAGES
Pinterest is launching a new design for business profiles that allows brands to showcase more products and ideas on their pages.
Chief among the design changes is a new rotating showcase that sits right at the top of a business profile, making it the first thing a general user sees. The slideshow-style feature can be populated with five boards that automatically alternate. Buyable pins can also be featured in the slideshow in their very own “shop” slot, which will be the first to appear in the lineup.

ITS TIME FOR TIME INC TO SELL ITSELF
Wells Fargo's Eric Katz said in a note that Time Inc.'s board likely turned down the offer because they see more long-term value in the company, with upside to about $23 per share. The bid speculation is likely true, given recent changes at the company. Time Inc. could have been "opening the door for a suitor" after replacing former CEO Joe Ripp with Rich Battista in September.

MORE THAN 1 MILLION GOOGLE ACCOUNTS BREACHED BY ANDROID MALWARE
Security researchers at Check Point Software Technologies have uncovered a new variant of Android malware that the company estimates has breached the security of more than one million Google accounts. The malware is used to steal passwords and bloat recommendations, among other things. The company has published a long list of fake apps infected by the malware.

BUZFEED'S UK EDITORIAL STAFF WANTS TO UNIONIZE
Editorial staff from BuzzFeed UK have requested union recognition for the workplace under the National Union of Journalists (NUJ).
A staff of roughly 80 employees work in the London office, including senior management, defined as those who manage managers. A majority of editorial staff across all desks have signed union cards, according to a spokesperson for the union chapel. Under British law, employees have the legal right to form a union regardless of management’s position towards unionization.

TWITTER ROLES OUT 'MOMENTS"
With Moments, you can bring together favorite Tweets to tell richer stories - rolling out on mobile starting today. Back in September, Twitter opened up Moments and gave anyone the ability to create a narrative with a collection of tweets. Since then, the story-curating feature has only been available on the web. Today, Twitter announced that Moments is rolling out to all users on mobile as well. To get started, all you have to do is hit the down arrow in the top right of any tweet.

PUBLISHERS FACING IDENTITY CRISIS WITH PRINT
The standard bearers of the industry—Condé Nast, Hearst, Meredith, Rodale, and Time Inc.—publicly extol the gravitas of their printed products and the strong audience relationships fostered therein before privately sweeping out the staffs that produce and support them in favor of an emerging class of specialists in digital media and video. It’s important to note that this is not always done through broad, headline-generating rounds of layoffs, as have occurred at Condé Nast, Rodale, and Time Inc. over the past year, and at Meredith earlier in 2015, but also through hiring freezes, reductions in frequency, the merging of titles, or the outright closure and/or digitization of underperforming ones.

MTV BOSS IS CLEANING HOUSE
MTV president Chris McCarthy is cleaning house just a month into the job. The third leader of the youth-targeting network in the past two years has led Viacom sibling VH1 to its biggest ratings growth in 15 years in 2016 and hopes to bring MTV back into the daily conversation. That means eliminating several unscripted series that don’t resonate with his brand vision.

EMBATTLED GO PRO SHUTTERS ENTERTAINMENT UNIT, SLASHES 200 JOBS
GoPro, struggling to get traction with its action-cameras and new drone, is eliminating about 15 percent of its workforce and shutting down the entertainment division to reduce costs. The company, which isn’t profitable, will cut more than 200 full-time positions, according to a company statement.

YOUTUBE GOES ULTRA HIGH DEF
YouTube launched support for 4K live-streaming Wednesday. Google’s massive video site said the new format would let creators and partners stream “incredibly high-resolution video” and give viewers the option of watching a clearer picture if viewing a live stream on 4K-enabled device.

TWITTER THREATENS TO BAN TRUMP IF HE VIOLATES SPEECH RULES
While Donald Trump’s deceptive tweets may not violate Twitter’s rules against harassment, threats and “hateful conduct,” Twitter is still keeping an eye on his account for more egregious offenses. This week, the company said it would consider banning key government officials, even the president, if its rules against hate speech or other language were violated.

BUSTLE.COM GOES BIG IN MANHATTAN MOVE
The online women’s magazine Bustle is moving its office to 315 Park Ave. South. The media company signed on for 34,100 square feet at the 20-story building owned by Columbia Property Trust, which recently began a $4 million renovation to upgrade the property’s lobby and elevators.
LAYOFFS IN MEDIA WILL CONTINUE IN 2017
The 2017 budget year will begin in just a month, and the most common way media companies have been prepping for the New Year is by downsizing employees. The 2017 budget numbers more often than not are based in part on reduced expenses, in other words, smaller workforces that don’t cost as much.


-Good Morning
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Your Media Morning: Axios is Coming, Netflix Goes Offline, Publishers Facing Print Identity Crisis, Layoffs in Media Will Continue in 2017 Reviewed by Editor on 6:00 AM Rating: 5
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