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Your Media Morning: Time Inc Looking to Sever Ties With Jane Pratt? Legacy Publishers are In Denial About Digital, Nylon Guys is Back

CBS WILL BE OK WITHOUT VIACOM BUT WILL VIACOM BE OK WITHOUT CBS?
 A Bloomberg report from July showed ratings at Viacom's top networks have declined double digits. MTV's flagship Video Music Awards only drew in 6.5 million viewers, 34 percent down from 2016's 9.8 million viewers. MTV president Sean Atkins, who unveiled a robust strategy to bring back music programming to the network during the advertiser upfront presentation this year, left the network in October.

VIACOM'S NEW CEO BOB BAKISH HAS SOME HEAVY LIFTING TO DO
When Viacom Inc. named Bob Bakish acting chief executive officer on Halloween, it seemed like he’d be gone as quick as you could say boo. Instead, Viacom’s third CEO in four months is settling in.Viacom named the 52-year-old former head of its international operation as full-time chief Monday -- handing him the tough job of turning around the company’s domestic TV business, including Comedy Central and Spike, and its money-losing Paramount Pictures.

ONLINE COMMENTING PLATFORM DISQUS LAYS OFF 11 EMPLOYEES DEEPENS FOCUS ON DATA
Some downsizing and refocusing is underway at Disqus, the startup incubated at Y-Combinator that became an early mover in the business of offering a plug-in to help online publishers manage comments on stories. TechCrunch has learned and confirmed that the company has laid of 11 people, about 20 percent of its small staff, as it prepares to shift its business deeper into data services.

EDWARD SNOWDEN ASKS TWITTER CEO JACK DORSEY TO ADD A TWEET EDITING FEATURE 
Snowden also suggested that Twitter could make the product more seamless by bringing more parts of Twitter inside of the main app. For instance, Twitter users are currently directed to third-party webpages when they click on an article. Twitter could introduce a service like Facebook Instant Articles, where text is uploaded directly to the network. "People don't like seeing the window change," Snowden said.

IS AMAZON WORKING ON A CABLE TV COMPETITOR?
Amazon has long been rumored to be working on its own streaming TV service, and a recent report from The Wall Street Journal said it is exploring a live sports package. Martin’s comment seems to confirm that it’s at least in negotiations with Turner about a TV package. 
BRENDAN IRBE, THE CEO OF FACEBOOK'S OCULUS VR FIRM, STEPS DOWN, WILL NOW LEAD PC VR GROUP
The move is part of a restructuring, with Iribe described in an Oculus blog post on Tuesday. “Facebook is committed to working on VR for the long term, which means building the next great computing platform that allows people to experience anything with anyone and connects the world in bold new ways," he wrote. "Changing the world on that scale has required us to also scale Oculus at warp speed. With our growth and product strategy, we’ve decided to establish new PC and mobile VR groups to be more focused, strengthen development and accelerate our roadmap.”

CUMULUS MEDIA, LEAD BY FORMER MAGAZINE INDUSTRY VET MARY BERNER, IS SUING JP MORGAN CHASE FOR MORE CREDIT
Cumulus Media wants to access a $305 million revolving credit facility to refinance some of its debt, but JPMorgan Chase won't allow it, according to a complaint filed Monday in New York federal court. The radio giant, like many of its peers, has experienced a decline in business. According to the complaint, the company has implemented initiatives to improve ratings and revenues that are working — but are hindered by a heavy debt load.

AMAZON PRIME LAUNCHING IN INDIA
 Amazon's entry into the India market was expected, following the streaming giant's recent pacts with several Bollywood studios. Amazon Prime Video is set to make an announcement Wednesday about the launch of its online streaming service in India.
FORMER FOX NEWS BOSS ROGER AILES SELLS OFF HIS NEW YORK PAPERS 
Roger Ailes has given up the last piece of his media empire. The disgraced former Fox News chief and his wife Elizabeth have sold the Putnam County News and Recorder, the local newspaper Ailes bought in 2008 in Cold Spring, New York, not far from his 9,000-square-foot weekend compound. The buyer for the paper is the editor Doug Cunningham. According to a well-placed source, Elizabeth Ailes began trying to sell the money-losing paper not long after her husband was forced out of Fox.

A JUDGE SIGNED OFF ON GAWKER'S $31 MILLION SETTLEMENT WITH HULK HOGAN
Gawker Media's bankrupt estate will begin paying its long list of creditors after a federal bankruptcy judge approved its settlement with Hulk Hogan as part of the company's final liquidation plan on Tuesday. The agreement, which includes a $31 million payout to the former professional wrestler, whose real name is Terry Bollea, had already been accepted by creditors who were granted voting rights in the deal.

A DIGITAL CHIEF AT A LEGACY MAGAZINE PUBLISHER SAYS THEY'RE IN SERIOUS DENIAL ABOUT DIGITAL
The most senior people in these companies are always the legacy people as they’ve been there the longest. There’s not a single digital person in most of the chief executive roles in legacy media companies here. That’s a real problem, because the operating models of legacy and digital are so different.

TWO YEARS AFTER IT WAS PUT TO REST, NYLON MEDIA IS RESURRECTING NYLON GUYS
NYLON is bringing back its male focused publication NYLON Guys. The company will re-introduce the publication first as a supplement to NYLON's March, June/July and September issues and then move it to a bi-monthly frequency come 2018. The magazine was shut down two years ago and transitioned to an all digital product.

CONDE NAST EDITORS VYING FOR TOP JOB AT T: THE NEW YORK TIMES MAGAZINE
Three upper echelon editors of Condé Nast’s W magazine have reached out to T magazine, the fashion title of The New York Times Company, in hopes of landing the editor-in-chief job soon to be vacated by Deborah Needleman, sources tell Media Ink. W Editor-in-Chief Stefano Tonchi, Deputy Editor Armand Limnander and Features Editor Alix Browne have all been in contact with the Times, according to the buzz inside Times HQ.

BLOOMBERG MEDIA: "DIGITAL HEAD: APPS ARE THE NEW MAGAZINES"  BUT WEREN'T WE HERE ALREADY?
Apps are the new magazines and newspapers,” said Scott Havens, global head of digital for Bloomberg Media. “I know if I have brand affinity [for a publisher], it’s because I get what I need and I find it a useful part of my daily media diet — that’s the underlying philosophy for the app.

DISNEY ASKING OTHER HOLLYWOOD STUDIOS TO JOIN ITS 'MOVIES EVERYWHERE' SERVICE
Disney is said to be in talks with other major Hollywood studios to join its Disney Movies Anywhere service, which lets customers buy, watch and store their online film purchases at a single site. Disney is trying to add content from other studios to boost the appeal of its offering, which was introduced in 2014.

VICE NEWS IS SUING THE FBI TO RELEASE DATA ON TRUMP LEADING UP TO THE ELECTION
Vice News is suing the FBI, demanding the bureau release records related to its curious disclosures, behind-the-scenes actions, and apparent leaks in the days leading up to the U.S. presidential election. The wide-ranging Freedom of Information Act lawsuit was filed Tuesday morning.

HEARST BUDDIES UP WITH REED ELSEVIER TO INVEST IN SIGNAL MEDIA
Media monitor Signal Media claims to be able to offer more certainty that a news source can be trusted and that a story is relevant, thus helping to reduce the impact of rumor and false stories on business decision-making. To fund a U.S. sales push in 2017 and further develop its product, Signal Media has raised £5.8 million in new funding.
 
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Your Media Morning: Time Inc Looking to Sever Ties With Jane Pratt? Legacy Publishers are In Denial About Digital, Nylon Guys is Back Reviewed by Editor on Wednesday, December 14, 2016 Rating: 5
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