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Your Media Morning: NY Times Dives Into The Future, T Magazine Loses Interim Editor In Chief, Conde Nast Passes on Hollywood Reporter

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"We employ more journalists who can write code than any other news organization"
Arthur Gregg Sulzberger, NY Times Deputy Publisher
T MAGAZINE'S INTERIM EDITOR IN CHIEF WHITNEY VARGAS IS OUT
“There is an active, robust search underway for a new editor of T, an innovative leader who will advance the tradition of a beautiful magazine that sets the global standard for coverage of fashion, art and culture. This is one of the most important jobs in the industry and the interest we’ve seen from a vast array of talent matches the significance of the role. I expect to make a decision on this position within a few weeks.” -Dean Baquet, executive editor of The New York Times

THE TRUMP MURDOCH FAMILY TIES CREATES CONFLICTS
The ties that bind the most powerful media mogul in the world to the leader of the free world just keep getting stronger. Or, more precisely, we keep learning just how strong they are. The question is where that leaves the rest of the world when they’re done divvying it up. They are Rupert Murdoch — the founder of the corporate news media giants 21st Century Fox and the News Corporation — and President Trump.

THE STREET WEBSITE ELIMINATES A DOZEN
Another round of cutbacks jolted Jim Cramer’s struggling financial news site, TheStreet on Friday, The Post has learned.
Close to a dozen people, including columnist Susan Antilla, were given pink slips, sources close to the situation said.  The site is also facing delisting if its share price doesn’t close above $1 for 10 straight days before June 12.

CONDE NAST WON'T RESTART HOLLYWOOD REPORTER/BILLBOARD ACQUISITION TALKS
Condé Nast passed on a deal to buy The Hollywood Reporter and Billboard from Todd Boehly’s Eldridge Industries — but did buy CitizenNet, a social data and marketing platform. Terms of the deal for Los Angeles-based CitizenNet, headed by CEO Dan Benyman, were not disclosed.

VIACOM IS LOSING ITS TOP LEGAL EAGLE, THE BAKISH ERA TAKING SHAPE
Viacom general counsel Michael Fricklas is moving on after nearly a quarter-century at the media giant. Just a day after Viacom announced a broad strategic refocus under the company's new chief executive, Bob Bakish, the announcement of his departure was made in a memo to Viacom employees. 

CONDE NAST HAS IT IN FOR PRESIDENT TRUMP
In the melee of coverage before and after the election, no glossy magazine publisher has been more publicly invested in swinging hard against Donald Trump than Condé Nast. And it’s not just within the usual highbrow political pages of the New Yorker. Vogue, a fashion title that had never played presidential politics in its 124-year history, saw fit to endorse Hillary Clinton. Vanity Fair editor-in-chief Graydon Carter’s personal Trump feud, running since the 1980s, opened a new front with a devastating review of the restaurant sitting below Trump’s Manhattan penthouse.

BLEACHER REPORT ELIMINATING 50 FROM ITS PAYROLL
It looks like there are big changes underway at Bleacher Report. At least two prominent people have already left the company, and sources indicate that around 50 positions may be cut. A source also indicated that Bleacher Report “remains committed to video.”

FOR ONE IN TEN U.S. READERS, FACEBOOK IS A NEWS SOURCE. HEY FACEBOOK, YOU'RE A MEDIA COMPANY
Nearly half of Americans can’t remember where they got their news when they saw it online — and one in 10 people named Facebook as a news outlet when asked the name of the source of the story read online, according to a Pew study released earlier this week.

FACEBOOK AGREES TO AUDIT OF ITS METRICS
Facebook has pledged to undergo audits by the media industry’s measurement watchdog, the Media Rating Council, people familiar with the matter say, a move that will likely please ad-industry executives who are skeptical of the tech giant’s data-reporting practices.

AT&T CHIEF SAYS HE NEVER PITCHED THE TIME WARNER DEAL TO TRUMP
AT&T chairman Randall Stephenson said Friday that the Time Warner deal will definitely not be filed with the Federal Communications Commission and said suggestions he had pitched the deal personally to Donald Trump were flat out wrong. “We have to be very, very cautious.”

COMCAST'S CEO WILL LIVE WHERE HE WORKS
Comcast CEO Brian Roberts and his wife, Aileen, have purchased a floor of three condo units in the 60-story Comcast Technology Center, which is rising next to the Philadelphia-based company’s existing headquarters building. The Robertses’ units are on the 45th floor of the 1800 Arch Street tower.

TRONC HOPES TO CREATE A BILLION DOLLAR DIGITAL MEDIA NETWORK
Tronc CEO Justin Dearborn was upbeat as he unveiled the company’s new mission statement: “Creating a billion dollar online media network.” Making that happen is said to be in the hands of L.A. biotech billionaire Patrick Soon-Shiong, who is said to be developing an automated way to replace “attriting” reporters and editors.

NEWLY CREATED GROUP NINE MEDIA ELIMINATES 20 DUE TO THRILLIST VIDEO STRATEGY
Group Nine Media has laid off about 20 employees from men’s lifestyle brand Thrillist as the online publisher reorganizes to place an emphasis on video production. The cuts affected less than 4 percent of the staff at Group Nine, which has about 500 employees.


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Your Media Morning: NY Times Dives Into The Future, T Magazine Loses Interim Editor In Chief, Conde Nast Passes on Hollywood Reporter Reviewed by Editor on Monday, February 13, 2017 Rating: 5
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