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Your Media Morning: Another Print Magazine Dies, VR Cash Crunch Coming, Drama at The LA Times, Publishers Ignoring Twitter Now...

WHAT'S THE MATTER WITH THE LA TIMES? ITS EDITOR IN CHIEF DAVAN MAHARAJ?
For decades the Times had been a supportive place to work, competitive but friendly. After five years of Maharaj at the helm, the newsroom has been overtaken by fear, and more editorial staffers have departed than Tribune’s executives have mandated. Describing the harsh treatment that had led several colleagues to exit the paper, one former employee said, “Davan would talk down to them. He would isolate them and bad-mouth them in public. And then once they left, he would tell people how useless they had been.”

TURNER BUDDIES UP WITH SNAPCHAT TO CREATE ORIGINAL SERIES AND ADD BLEACHER REPORT ON SNAPCHAT DISCOVER
The line between new and old media, never truly a clear one, is blurring again. Turner and Snap, Inc. have just signed a new deal that will put Turner property Bleacher Report on Snapchat Discover in the U.S., and will have Turner and Snapchat teaming up to create original shows from Turner brands like TBS, truTV, Adult Swim, Great Big Story, and Super Deluxe.The deal will also put more sports content controlled by Turner onto the Snapchat platform. Turner Sports had previously inked a deal to put 14 March Madness Live Stories onto the platform, but Wednesday’s deal will give the app more footage and photos from big events like March Madness

VR START UPS HUNKER DOWN AS CASH CRUNCH LOOMS
2017 will be a year of consolidation for virtual reality, and startups are wise to dig in and make their money last as long as possible: That was one of the key points of advice from some of the industry’s premier investors at the Virtual Reality Intelligence conference in San Francisco Wednesday. A coming cash crunch for VR isn’t completely unexpected,

WARNER BROS, NOT HBO WILL LEAD TIME WARNER'S GROWTH IN 2017
That’s largely because seven Warner Bros. movies have already crossed the $100 million barrier in domestic ticket sales this year, including two $300-million-plus winners in “Batman v Superman: Dawn of Justice” and “Suicide Squad.” It’s the largest number of $100 million-plus movies in a single year since 2013 — when they had eight. Last year there were only three.

AMAZON DIVES DEEPER INTO AD TECH, FOCUSED ON HELPING PUBLISHERS MAKE MORE MONEY
Amazon is pushing further into ad technology with the release of two new products aimed at helping web publishers make more money from digital ads. As part of its Publisher Services group, Amazon is rolling out a new “header bidding” product designed to help web publishers enable multiple ad buyers, including ad networks and ad agencies, to bid on ad space simultaneously.

TURNER BROADCASTING FACES RACIAL DISCRIMINATION CLASS ACTION SUIT
Current and former black employees of Time Warner, owner of Turner networks including CNN, TNT and TBS, have filed a class-action racial discrimination suit against the company. The lawsuit filed Tuesday in the U.S. District Court in the Northern District of Georgia says there has been a pattern of discrimination against blacks, particularly black males, in evaluations, compensation and promotions, at CNN, its parent Turner and Time Warner.

APPLE IS TRYING TO GET EARLY ACCESS TO MOVIES FOR ITUNES
Apple Inc. is pressing Hollywood studios for earlier access to movies, according to people with knowledge of the matter, a move that would bolster the company’s iTunes business. 21st Century Fox Inc., Time Warner Inc.’s Warner Bros. and Comcast Corp.’s Universal Pictures all confirmed over the past week that they are looking to offer high-priced, home-video rentals of new movies shortly after they open in theaters

SOME PUBLISHERS TURNING THEIR BACKS ON TWITTER IN FAVOR OF THE CURRENT "IT" PLATFORMS
Social publishing is becoming a zero-sum game. As media companies clamor for reader attention on Facebook, Instagram and Snapchat, there’s one place that’s getting less attention: Twitter. When it created a 10-person team to go after Instagram users, millennial publisher Mic pulled people from graphics, edit and yes, Twitter. Matt Karolian, director of audience engagement at The Boston Globe, said the Globe used to spend a lot more time live tweeting in past election cycles.

THE BEAUTY MAGAZINE INDUSTRY CONTINUES TO SHRINK AS ANOTHER EDITOR EXITS, THIS TIME FROM SHAPE
Shape’s veteran executive beauty director Cheryl Kramer Kaye is leaving the publication. A Shape spokeswoman said the health magazine is “committed to continuing beauty coverage,” and noted that Kate Sandoval Box remains in the role of beauty director. The departure at Shape follows the exit at Condé Nast of W’s longtime executive beauty director Jane Larkworthy after a 16-year run there. W said it would continue to cover beauty via contributors.

THE WAR BETWEEN NETFLIX AND 21st CENTURY FOX OVER EMPLOYMENT DEALS HEATS UP
Netflix is mounting what could be a groundbreaking challenge to fixed-term employment agreements.  Even 21st Century Fox acknowledges what Netflix is doing is "audacious." In a motion submitted in court on Wednesday, Fox is asking a judge to put a stop on Netflix's efforts to have its employment agreements deemed invalid. The content giant contends Netflix is impermissibly basing counterclaims premised on Fox's own lawsuit over the way two of its executives were poached.

BUZZFEED INSTALLS NEW MARKETING EXEC FROM SNACKS GIANT MONDELEZ
BuzzFeed has tapped a top marketing executive from snack food giant Mondelez days after the digital media company’s chief marketing officer announced his departure. Laura Henderson, global head of content and media monetization at Mondelez, will join BuzzFeed as senior vice president of marketing, a newly created role, according to a company memo.

BUSINESS INSIDER CEO HENRY BLODGET ON WHERE MEDIA IS HEADED NEXT
Henry Blodget, the global editor-in-chief and CEO of Business Insider, presented the future of digital media at this year’s Ignition conference. The presentation was put together with the help of the BI Intelligence team. BI Intelligence is a new research and analysis service focused on mobile computing and the internet.
-Good Morning
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Your Media Morning: Another Print Magazine Dies, VR Cash Crunch Coming, Drama at The LA Times, Publishers Ignoring Twitter Now... Reviewed by Editor on 6:00 AM Rating: 5
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