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Your Media Morning: Time Inc’s tough call?, Discovery Invests in Hispanic Digital Media Company, Facebook is Hiring a Head of News

THE VIACOM CBS MERGER PROPOSAL IS DEAD BOB BAKISH IS NOW OFFICIALLY CEO OF VIACOM
Well it looks like Interim Viacom boss Bob Bakish will become the permanent CEO following a decision by National Amusements, the parent company of both CBS and Viacom to withdraw the proposal that would have rejoined both companies.

DISCOVERY COMMUNICATIONS INVESTS IN AND BUDDIES UP WITH DIGITAL MEDIA COMPANY BANTAGA MEDIA
Discovery Communications on Monday said it has made an investment of unspecified size and formed a strategic partnership with Batanga Media, a digital media and content company for Latin America and the U.S. Hispanic market. The deal follows Discovery's investment in November that led to the formation of Group Nine Media, whose brands include The Dodo, NowThis, Seeker and Thrillist.

SUMNER REDSTONE'S EX IS SUING HIM TO GET HALF HIS FORTUNE AFTER HE DIES
The latest litigation comes after Redstone sued Holland and Manuela Herzer for manipulating him out of $150 million. Sumner Redstone's ex-fiance Sydney Holland is not only firing back at an elder abuse lawsuit filed against her by the 93-year-old mogul, but also is filing a suit of her own — which seeks half of his fortune at his death. Holland claims Redstone gave millions to other women during the course of their relationship and his suit against her breaches an oral contract between the two

INC MAGAZINE'S DIGITAL REVENUE LEAPED OVER PRINT IN 2016
At Inc. magazine’s annual town hall meeting earlier this month, there was much for employees to cheer. Website traffic measured by comScore is up 110% from two years ago; the print audience tabulated by IPSOS has increased 9.1% since 2015; and much of the digital traffic growth has come from Europe, without regionally targeted advertising or content tailored for that readership. All told, 2016 will be the publication’s most profitable year since it was purchased in 2005 by Morningstar billionaire-entrepreneur Joe Mansueto.

THE HEARST 100 (FORMERLY COSMO100) LUNCHEON BRINGS OUT THE WHO IS WHO IN MEDIA
The lunch was hosted by Joanna Coles, the former editor in chief of Cosmopolitan, who was moved up to Hearst corporate in the role of chief content officer in September. (The promotion was conspicuously well-timed to the retirement of editorial director Ellen Levine, as well as the early stages of filming of Cosmopolitan’s E! show “So Cosmo,” which debuts in February. A plot twist built into the season is Coles’ literal passing of the baton to Michele Promaulayko.

ITALIAN BROADCASTER MEDIASET FEARS TAKEOVER BY FRENCH MEDIA GIANT VIVENDI
Vivendi said on Monday it holds just over 3 percent of Mediaset  and could raise that to as much as 20 percent in a move the Italian broadcaster's top investor called a first step toward launching a hostile takeover bid for the company. The announcement only aggravates a months-long feud between the French media giant, led by chairman and biggest shareholder Vincent Bollore, and the Italian broadcaster controlled by the family of former Prime Minister Silvio Berlusconi.

BONNIER CORP INSTALLS NEW EDITOR IN CHIEF AT WORKING MOTHER
Working Mother magazine has a new editor in chief. Bonnier Corp announced that is bringing on Meredith Bodgas to take the editorial reins of the magazine. Ms. Bodgas who has tours at Ladies’ Home Journal, The Knot, Womansday.com, Whattoexpect.com, Parenting and Babytalk under her belt

SOME TOP PUBLISHERS ARE STILL DISTRIBUTING FAKE NEWS
The New York Times’ public editor wrote three weeks ago about fake-news ads popping up on its own site and the paper’s effort to weed them out. Fake, misleading and too-good-to-be-true sounding stories have continued to pop up since then, as readers of the Times and Los Angeles Times have pointed out (in the ultimate irony, one such ad appeared within a Times editorial about the “death of facts”). Apparently people can’t get enough stories about dead celebrities.

BLOOMBERG BUSINESSWEEK POACHES TOP BUSINESS WRITER JOE NOCERA FROM NEW YORK TIMES
“Joe will have a hand in redesigning the magazine, and he will work with Shipley,” said the source, referring to David Shipley, the executive editor of Bloomberg View. Shipley has his own history at the New York Times, having served as deputy editorial page editor and op-ed page editor before being lured to Bloomberg to start “View” as a rival to the vaunted opinion organs at the Times, the Wall Street Journal and the resurgent Washington Post.

BILL KRISTOL IS STEPPING DOWN AT THE WEEKLY STANDARD
William Kristol, the founding editor of The Weekly Standard, a leading neoconservative voice for more than two decades, is stepping down and will become editor-at-large. Stephen Hayes, the magazine's senior writer, will replace Kristol as editor-in-chief, while Richard Starr will become editor, helping to oversee day-to-day operations.

JEFFREY TOOBIN LOOKS AT GAWKER'S DEMISE AND THE FIRST AMENDMENT THREAT IN THE TRUMP ERA
Nick Denton, the founder of Gawker Media, which grew to encompass a network of Web sites, often described his journalistic philosophy as “radical transparency.” In less highfalutin terms, Gawker liked to show people having sex. Sometimes the people were famous, like Hulk Hogan, but often the subjects were unknowns, who happened to be caught in embarrassing situations. The videos were accompanied by headlines and text that evinced a distinct sensibility—ironic, knowing, smug.

WITH THE VIACOM MERGER DEAD, CBS IS FREE TO MERGE WITH A MORE ATTRACTIVE PARTNER
CBS boss Les Moonves, never keen on the Viacom merger proposal, has had bankers aggressively pursuing potential outside deals with a host of content players around the industry. One of those plays could involve Sony Pictures Entertainment, the film and TV studio, several sources said

FACEBOOK TEASES 360-DEGREE LIVE VIDEO FEATURE
Facebook wants you to step inside live videos. The social network on Monday announced plans to release a 360-degree live video feature. That means viewers will be able to look up, down and around in videos that are being streamed live on Facebook.

TWITTER CEO JACK DORSEY TAKES A PAGE OUT OF VICE BOSS SHANE SMITH'S BOOK WITH SNOWDEN INTERVIEW
Twitter CEO Jack Dorsey will interview famed CIA whistleblower Edward Snowden via video conference on Tuesday morning. Dorsey and Twitter will broadcast the interview live via the company’s livestreaming service, Periscope, and Dorsey will ask Snowden questions submitted to him over Twitter.

FACEBOOK IS LOOKING FOR A HEAD OF NEWS
Facebook is looking for an experienced media executive to help smooth its relationship with the press amid mounting concerns about fake news and the social network’s influence over the public. On Monday the company began advertising for a head of news partnerships.
MEREDITH'S BETTER HOMES AND GARDENS GETS A NEW LOGO
Meredith has unveiled a new logo for Better Homes & Gardens, its flagship lifestyle, home and food brand. The new logo and identity system will be unveiled with the January 2017 issue. The new logo and identity system now includes an ampersand, reflecting the evolution of the brand since its last update in 1965.
 
-Good Morning
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Your Media Morning: Time Inc’s tough call?, Discovery Invests in Hispanic Digital Media Company, Facebook is Hiring a Head of News Reviewed by Editor on 5:00 AM Rating: 5
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