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Your Media Morning: Jane Pratt Out At Time Inc, Is CBS Trying to Buy Sony Pictures? Magazine Covers Were More Diverse in 2016, Snapchat on The Hunt

THE END OF AN ERA: SUMNER REDSTONE IS STEPPING DOWN FROM VIACOM'S BOARD IN FEBRUARY
Controlling shareholder Sumner Redstone will step down from the Viacom board of directors after the company's annual meeting in February, according to a company filing on Friday. The ailing, 93-year old Redstone, who has not attended an annual investor meeting since 2014, will continue to participate in meetings in a "non-voting" role, according to the filing. It was Redstone's decision to step down, according to a source familiar with the situation, who did not want to be named because discussions were private.

DID YOU READ TIME INC CEO RICH BATTISTA'S MESSAGE TO THE TROOPS REGARDING SALE/MERGER SPECULATIONS?
"I want you to know that I am aware and appreciate that the speculation can be a distraction – unfortunately, that is the world in which public companies live – and we shouldn’t be surprised if it continues. In addition, we all know that media loves to report on media – so as you can imagine, anything I say will likely be reported and invite more speculation – which is why not commenting is typically the prudent course."

2016 PRODUCED THE MOST DIVERSE MAGAZINE COVERS EVER ACCORDING TO 'FASHION SPOT'
After tallying 679 cover model appearances across 48 top international fashion publications, we found that, when it comes to race, magazine covers were significantly more diverse than in prior years. In 2016, 29 percent of cover models were women of color, a fairly respectable 6.2 point increase from 2015. For context, racial representation on magazine covers rose by 5.4 points between 2014 (17.4 percent) and 2015 (22.8 percent). This figure dwarfs the slight improvements we saw on the Spring 2017 runways, which were 25.4 percent nonwhite — a mere 0.7 percentage point increase over the previous season (Fall 2016).

DISNEY'S 'ROGUE ONE' CLEANS UP AT THE BOX OFFICE
The good news: Disney’s Rogue One: A Star Wars Story is an enormous hit, with about $155 million in domestic ticket sales for its opening weekend. That will likely propel the year’s box-office sales, as our Anthony D’Alessandro points out, to an $11 billion-plus record.

DID BUZZFEED REALLY UNCOVER A MASSIVE FAKE NEWS NETWORK?
In early July, a website made to look like a real news organization published what would prove to be one of the biggest fake news hits of the US election. WTOE5News.com was barely two weeks old when it published the hoax story, “Pope Francis Shocks World, Endorses Donald Trump for President, Releases Statement.” It improbably quoted the pope as saying that the FBI’s inability to prosecute Hillary Clinton for her emails led him to endorse Trump.

IS CBS TRYING TO BUY SONY PICTURES?
CBS chief Leslie Moonves is wasting no time now that the merger with Viacom is kaput. On the Money’s Tokyo tipsters claim Moonves jetted over to Japan with the aim of beating the bushes on an acquisition of Sony Pictures.

AFTER BILLIONS OF ITS USERS INFORMATION WAS STOLEN IN THE BIGGEST CYBER ATTACK IN HISTORY, YAHOO PUT ON A LAVISH OFFICE BASH
A billion e-mail accounts got hacked, you say? Break out the bubbly! Yahoo employees filled a bathtub with ice and champagne at a cup-runneth-over office Christmas party Thursday night — despite the fact that the tech giant had just disclosed it was the victim of the biggest cyber-attack in history.

NEWSCORP PULLS MAGAZINES FROM AUDITED MEDIA ASSOCIATION 
News Corp Australia’s magazine division has withdrawn from the publishing sales measurement service Audited Media Association of Australia. News Corp’s consumer magazine brands, including Vogue Australia and GQ Australia, will no longer participate in the AMAA circulation audit. However, the company’s custom publishing titles will continue to be part of the audit.

APPS AND PUBLISHERS, WHAT WILL IT TAKE?
Sometimes the hook of a story just falls into your lap. The day before we meant to publish an article entitled 'What would it take to make apps viable for publishers' - the very title of the article you're currently reading - Bloomberg's global head of digital for Bloomberg Media argued that "apps are the new magazines".

FASHION PUBLISHERS ARE UTILIZING INSTAGRAM LIVE, HERE IS HOW
Fashion publishers now have yet another social media tool at their disposal: Instagram Live. After announcing plans to integrate live-streaming capabilities, Instagram formally rolled out the offering to users last week. Just like Instagram Stories, which the platform launched in August, and Facebook Live, which debuted in June, publishers are experimenting with the new addition and identifying ways to use it to connect with their audiences.

MOBILE SEEN AS TOP TREND IN 2017, BEYOND, FOLLOWED BY VIDEO
‘Mobile-Only’may be rapidly becoming a much-coveted audience, but it’s the ’Mobile-First’group which is steadily expanding throughout regions and demographics as mobiles become the default device for getting online. As such, prioritizing mobile-optimization will be key in reaching pretty much all audiences in future.

CONDE NAST BUDDIES UP WITH MERCEDES AND PHOTOGRAPHER JONATHAN GLYNN-SMITH ON DESIGN BOOK
Sensual Purity – Gorden Wagener on Design guides us through this philosophy. Published by Condé Nast International, it is a collaborative project involving Wagener, the photographer Jonathan Glynn-Smith and a creative team at Mercedes and the publisher. Through the book we are entering the world of Mercedes-Benz design and are offered a rare glimpse behind the scenes of the Stuttgart and Californian creative studios. These are normally secretive spaces.

CAN DISNEY PROP UP ESPN ENOUGH TO MAKE A MAJOR ACQUISITION?
Acquisitions could be an integral part of Disney’s strategy. The company has looked at Twitter Inc., people with knowledge of the matter said in September, and in August agreed to plunk down $1 billion for one-third of BAMTech, the streaming arm of Major League Baseball, which powers Disney’s Watch ESPN app as well as online programming for HBO. The company has also been mentioned as a possible suitor for Netflix Inc.

RUPERT MURDOCH NAMED MEDIA PERSON OF THE YEAR
Just as Time magazine felt obliged to give its “Person of the Year” award to a divisive old man, Donald Trump, so must this column recognise as “Media Person of the Year” another widely- loathed figure thought to have had his day well before the start of this decade, Rupert Murdoch. Some will wince at the suggestion.

HERE ARE THE BRANDS WE LOST IN 2016, R.I.P
R.I.P Vine. So long, Meerkat. Rest in power, Sports Authority. This was a rough year all the way around. Not the least of all for the brands and platforms — big and small — that bit the dust in 2016, either by way of bankruptcy or acquisition. As this godforsaken annus horribilis fades into 2017, we wish these brands one final farewell. The names may be gone, but they are not forgotten.

SNAPCHAT IS ON THE HUNT FOR HARDWARE
Snapchat is on the hunt for a wide range of hardware acquisitions, as it seeks to further its new mission of creating cameras that can capture a wealth of pictures and videos and funnel them into its social networks. Over the past year or so, the company looked at a number of startups.
 
-Good Morning
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Your Media Morning: Jane Pratt Out At Time Inc, Is CBS Trying to Buy Sony Pictures? Magazine Covers Were More Diverse in 2016, Snapchat on The Hunt Reviewed by Editor on 6:00 AM Rating: 5
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