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Your Media Morning: Bloomberg Pursuits Magazine is Dead, Viacom Boss Says No on Vice Media, ESPN Spin Off?

FORMER BLOOMBERG DIGITAL CONTENT CHIEF JOSH TOPOLSKY LAUNCHES THE OUTLINE
TheOutline.com the long awaited website from former Bloomberg digital content chief Joshua Topolsky is live and kicking. When you land on the site you're greeted with the obligatory welcome message form Topolsky. As expected with any new site, Mr. Topolsky's welcome message states that they built the TheOutline because they believe in telling better stories in new ways.

HEARST INTERNATIONAL'S FORMER CEO INVESTS IN MODEL BOOKING APP
When Hearst vet Duncan Edwards left his post as the president and chief executive officer of Hearst International at the end of June, he explained that had decided that it was time to start the next chapter of his life — whatever that might look like.

DISCOVER COMMUNICATIONS LOOKS TO TIGHTEN ITS NICHES, NOT GROW ITS TV CHANNELS
Speaking at UBS' Media & Communications Conference Monday morning, Discovery President-CEO David Zaslav said the company isn't focused on growing its traditional TV channels. Instead, the company's priority moving into 2017 is to "tighten its niches." As people curate content on different devices, Mr. Zaslav said "it's not about scale of viewers; it's about how voracious viewers are" for the content.

CBS BOSS LES MOONVES MAKES A VERY SHORT COMMENT ON JOINING UP WITH VIACOM
When it comes to a potential merger with Viacom, Mr. Moonves said the company is happy the way it is as a standalone company, but that anything could happen.

VIACOM'S NEW ACTING CEO BOB BAKISH SAYS HE HAS NO INTEREST IN VICE, WANTS TO FOCUS ON MTV AND COMEDY CENTRAL
“Unequivocally I have no interest in buying a stake in Vice, and we are not going to do it,” said Bob Bakish, who was recently placed in charge of Viacom after serving several years as head of its international operations. His statement would seem to squelch a recent report in The New York Post suggesting Viacom was interested in investing in the growing media company that has made a successful market among younger news consumers. The report drew some notice because Viacom had owned part of Vice under previous management.

SPEAKING OF VIACOM, THE COMPANY'S CONTENT DISTRIBUTION CHIEF IS LEAVING
Viacom Inc. said That Denise Denson, the company’s EVP Content Distribution, is exiting the company, and it has promoted Tom Gorke to the role, in which he will oversee Viacom’s Media Networks distribution strategy and partnerships with domestic affiliates. Gorke had been hired in February 2015 to the newly created role of EVP Sales and Business Development for Viacom Media Networks and BET Networks, reporting to Denson.

HERE IS WHAT TO EXPECT AT THIS WEEK'S AT&T TIME WARNER HEARING
Dallas-based AT&T will go before lawmakers for the first time Wednesday to make the case that its $108.7 billion purchase of Time Warner should be approved. The deal would combine AT&T, the country's largest pay-TV provider, with Time Warner, a media and entertainment company with a valuable library of TV shows and movies.  Would the merger expand competition or shrink it? At the Senate Judiciary Committee hearing, AT&T CEO Randall Stephenson and Time Warner CEO Jeff Bewkes will face questions along those lines.

NETFLIX PLANS TO DOUBLE ITS ORIGINAL SERIES OFFERINGS IN 2017
In 2017, Netflix plans to debut 20 unscripted shows, including global competition series, “Ultimate Beastmaster,” produced by Sylvester Stallone and “The Biggest Loser” EP Dave Broome. Next year Netflix’s original programming lineup will grow to up to 1,000 hours, more than doubling from 2016, and “that’s a conservative measure right now,” said Sarandos, speaking Monday at the UBS Global Media & Communications Conference in New York.

GAWKER'S BANKRUPTCY LAWYERS GIVING FORMER EDITOR AJ DAULERIO THE ICE COLD SHOULDER
After years of steadfastly defending its former employees and their work in a landmark invasion of privacy case that it lost this spring, Gawker Media--or what’s left of it--has quietly distanced itself from a former editor as it moves to finalize a multimillion-dollar settlement. Last week, Gawker Media’s bankrupt estate formally objected to claims that the company should have to pay for the ongoing defense of A.J. Daulerio

SOCIAL MEDIA AD SPENDING PROJECTED TO HIT $50 BILLION IN 2019, SURPASSING NEWSPAPERS
The advent and rise of the internet opened up an almost unlimited number of opportunities for advertisers to spend their ad dollars. And the growth of social media has only added to merchants’ abilities to target their advertisements to specific customers in ways that was impossible for old newspaper giants such as William Randolph Hearst to ever imagine. That growth is about to reach a true milestone. Global spending on advertising on social media sites looks set to reach $50 billion by 2019, and surpass that spent in newspapers the next year.

IS DISNEY ABOUT PUSH ESPN OFF ITS BACK?
ESPN has continued to weigh on Disney's results as the NFL struggles to keep viewers. A Nielsen report showed that ESPN, ESPN 2 and ESPNU lost more than 600,000 subscribers from October to November.  ESPN's NFL ratings have suffered a 17 percent decline this season, according to Nielsen data as of last week. Separately, Disney's ABC network is faring the worst among the top broadcasters, with ratings down 11 percent for the season as of Nov. 9 versus a year ago.

ROLLING STONE MAGAZINE ASKS COURT TO TOSS OUT MULTIMILLION DOLLAR VERDICT
Instead of accepting a jury's verdict that a Rolling Stone story defamed University of Virginia dean Nicole Eramo and writing her a seven-figure damages check, the magazine is asking the court to throw out the verdict completely. The jury's decision raised eyebrows in both media and law circles because Rolling Stone wasn't being held liable for the original story, "A Rape on Campus," but rather a later version which contained an editor's note apologizing for holes in the story.

THE DIGITAL SUBSCRIPTIONS JUST KEEP COMING IN FOR THE NEW YORK TIMES
The New York Times has seen paid subscriptions online skyrocket since the election on Nov. 8. "We've seen really remarkable growth," reaching to over 200,000 new digital-only subscriptions during the fourth quarter, New York Times CEO Mark Thompson on Monday said of subscriber growth since the election during a presentation to the UBS Global Media and Communications Conference that was webcast. There are currently 1.6 million digital subscribers and CEO Mark Thomspson wants to see that number grow to 10 million subscribers

RUPERT MURDOCH'S 21ST CENTURY FOX ACCUSES NETFLIX OF POACHING EXECUTIVES
The company’s recent hiring of two 21st Century Fox executives has set off a complex legal battle that has captured the industry's fascination, offering a rare glimpse into the inner workings of two entertainment giants at a time when streaming continues to disrupt the industry.

VIACOM SENDS ITS CFO TO HOLLYWOOD TO GET PARAMOUNT PICTURES' FINANCES IN ORDER
Viacom Chief Financial Officer Wade Davis is spending considerable time in Los Angeles to improve the performance of struggling Hollywood movie studio Paramount Pictures, after two troubled years at the box office. Deploying one of the most senior Viacom executives to Los Angeles to lead an effort to shore up the studio’s finances underscores the seriousness of the problems at Paramount, which lost nearly $450 million in fiscal 2016.
AOL CHIEF TIM ARMSTRONG STILL HOLDING ON TO SOME HOPE THAT THE VERIZON TAKEOVER OF YAHOO COULD STILL HAPPEN
AOL CEO Tim Armstrong says he is "cautiously optimistic" that parent company Verizon's plan to acquire Yahoo will go through. Verizon announced its intentions to buy Yahoo for $4.8 billion in July this year, but the deal has taken a long time to close after Yahoo admitted in September it had suffered a catastrophic hack affecting more than 500 million accounts.

PUBLISHERS ARE CUTTING BACK ON PRINT, DOUBLING DOWN ON LIVE VIDEO AND EXPLORING PLATFORMS TO BROADEN AND RETAIN THEIR AUDIENCES
When it comes to individual publications, Condé Nast’s Teen Vogue ditched the traditional single editor-in-chief and appointed a leadership team of three, which signaled digital and print were equally important. In November, the glossy announced it would scale back its print publications from nine to four issues per year as of 2017. It also folded its business operations into Vogue this year.

FACEBOOK VIDEO PUBLISHERS WANT TO GO BEYOND FACEBOOK
While tens of millions of views per video is nothing to sneeze at, there are still some limitations to Facebook video. Shorter videos “America Versus” episodes are typically between 60 and 90 seconds — reign supreme. And outside of sponsored content, it’s still hard for publishers to make a ton of money on Facebook. It’s a big reason why Attn, along with other top Facebook publishers like BuzzFeed’s Tasty and CNN’s Great Big Story, are looking beyond Facebook to extend the life of some of their most popular content.

SNAPCHAT WILL ADD BREAKING NEWS AND ENTERTAINMENT SHOWS
Snapchat is planning to add original programming to its popular social networking app that ranges from breaking news to entertainment to reality shows. Job listings posted on Indeed.com indicate the company is looking to hire development managers for its “original shows,” a new role that entails pitching show ideas, working with producers and reviewing pilots.

VILLAGE VOICE INSTALLS NEW EDITOR
The Village Voice, a once-iconic New York newspaper whose tumult in the last several years has overshadowed its journalism, has named a new top editor as it looks to regain its luster. Stephen Mooallem was the executive editor of Harper’s Bazaar and the former editor in chief of Interview magazine.


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Your Media Morning: Bloomberg Pursuits Magazine is Dead, Viacom Boss Says No on Vice Media, ESPN Spin Off? Reviewed by Editor on Tuesday, December 06, 2016 Rating: 5
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