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Your Media Morning: Time Inc’s Growth, Time Warner AT&T Deal Green-lighted, Facebook Targets LinkedIn, New York Times’ Netflix Strategy

TIME WARNER'S BOARD GREEN LIGHTS AT&T TAKEOVER
“On behalf of our board of directors and management team, I’m pleased that the Company’s shareholders have approved the proposal to combine with AT&T. In addition to providing shareholders with immediate value and the ability to participate in the upside of the combined company, the deal advances our long-term operational strategy,” Time Warner Inc. Chairman and Chief Executive Office Jeff Bewkes said.
WAIT... SAY WHAT NOW?
"We are pleased with our progress and achievements during the quarter and our execution against our plan"
RICH BATTISTA, CEO TIME INC
SPORTS ILLUSTRATED AND JERRY BRUCKHEIMER BUDDY UP TO CREATE NEW SERIES
Time Inc.’s Sports Illustrated  and Jerry Bruckheimer TV, have formed a development partnership to create a new series: Sports Illustrated: True Crime (working title). Inspired by the recently launched and highly-acclaimed SI True Crime investigation franchise, the partners are developing a long-form series that investigates the complicated truths and realities of athletes involved in criminal activity and misdeeds.

VIACOM SHOWS DISAPPEARING FROM HULU AS DEAL EXPIRES
Looking to watch the latest episode of “The Daily Show?” Then don’t try your luck on Hulu. Comedy Central stopped uploading new episodes to the video service this week, and is now telling viewers on Twitter to catch Trevor Noah’s latest on its website instead.

VIACOM BOSS BOB BAKISH EYES FRESH LEADERSHIP FOR PARAMOUNT PICTURES
Viacom CEO Bob Bakish is weighing a change at the top the media giant’s struggling Paramount Pictures, The Post has learned. Bakish is huddling with executives of Viacom and the 105-year old Hollywood studio about changing its leadership, several sources familiar with the situation said on Tuesday.

WIRED.COM GETS A NEW EDITOR
Nicholas Thompson who just took over from former Wired EIC Scott Dadich who moved on to run his own creative agency, is making his mark at the publication starting with his first hire Andrea Valdez who is joining the team as editor of Wired.com. 
TRUSTED MEDIA BRANDS AND SONY ARCADE CREATIVE GROUP BUDDY UP  ON CONTENT
Trusted Media Brands (TMBI) in an effort to stay ahead of the curve is buddying up with Sony's Arcade Creative Group to produce video series for its brands. In doing this deal TMBI is opting to avoid the path taken by other publishers that launched their own in house content studios, and allows TMBI to avoid taking on its current ad agency partners.

VERIZON YAHOO DEAL DRAWS CLOSER AFTER $300 MILLION  IS SHAVED OFF THE ORIGINAL $4.8 BILLION  PRICE TAG
Looks like Yahoo’s one billion users will indeed become part of the Verizon family. The wireless giant is close to inking a revised deal to acquire the Web portal after negotiating a discount of $250 million to $300 million off its original $4.8 billion purchase, according to several reports.

THE JUSTICE DEPT. IS INVESTIGATING WHETHER FOX NEWS FAILED TO INFORM SHAREHOLDERS ABOUT SETTLEMENT PAYMENTS
The investigation, which has been going on for months, came to light on Wednesday after attorney Judd Burstein, who represents clients who have brought sexual harassment charges against Ailes, announced in a court hearing that one of his clients had received a subpoena relating to "alleged violations of criminal law by Fox."
 
FIRST FACEBOOK WENT AFTER SNAPCHAT WITH INSTAGRAM, NOW THE SOCIAL/TECH GIANT IS GOING AFTER LINKEDIN WITH JOB POSTINGS
Facebook is entering the job market. The social network will now let employers post jobs directly to their Page, and users can apply for those jobs on Facebook. Applications are pre-populated with a user’s Facebook data, then sent to the employer via Messenger.
THE NEW YORK TIMES WANTS TO BE LIKE NETFLIX
You probably know someone who makes sniping remarks like: Old media is dying! They were too stupid to notice the internet! They’re snobs and stuck in the past! The real story is much more complicated, journalist Gabriel Snyder said on the latest episode of Recode Media with Peter Kafka. In the latest issue of Wired, Snyder wrote about how one of the highest-profile media companies in the world, the New York Times, is “claw[ing] its way into the future.”

GIZMODO MEDIA TARGETS TRUMP LEAKERS WITH TELLONTRUMP.COM
With the Trump administration proving to be a leaky ship in its early days, one news outlet is launching an ad blitz to find the next Deep Throat. The Gizmodo Media Group’s investigative team has taken to buying highly-targeted Facebook ads to steer potential leakers to a new website, TellOnTrump.com, which lays out a variety of secure methods to pass on sensitive information.

APPLE STRUGGLING TO MAKE BIG MEDIA DEALS
Apple has struggled for years to pull off big acquisitions because of a series of quirks: an aversion to risk, reluctance to work with external advisers like investment banks and inexperience in closing and integrating large takeovers, according to people who have worked on deals with the company. “The first step in M&A is having some conviction.”

CNN KICKED OUT OF VENEZUELA BY THAT COUNTRY'S PRESIDENT
President Nicolas Maduro’s government ordered the suspension of CNN’s Spanish-language service from Venezuela’s airwaves, accusing it of distorting the truth in coverage. The network had irked the socialist government with various reports, including one alleging passports and visas were being sold illegally at Venezuela’s embassy in Iraq.

SNAP INC'S VALUATION WILL BE LESS THAN PREVIOUSLY STATED
Snap is said to have set a valuation for itself between $19.5 billion and $22.2 billion, as the disappearing-message app company nears its landmark initial public offering. Even at the low end of the expected valuation range, it would be the largest U.S.-listed tech offering since Alibaba’s IPO in 2014.

HEARST IS AN INVESTOR IN CAAVO, A NEW UNIVERSAL TV BOX
Caavo proposes to be a master box for all those growing set-top boxes and devices in the home— Roku, Apple TV, Chromecast, Amazon Fire, as well as the cable box. The $399 unit will ship in the fall. “We wanted to solve the living room problem, where you have many different devices coming at the television.”

CONDE NAST FEARS FAKE NEWS
Marketers and publishers must double down on their efforts to support high-quality content in the face of “fake news” and “clickbait”, according to Conde Nast exec Jim Norton. “Poorly produced, poorly researched, and poorly written content is a threat to our industry’s existence. It is also a threat to our marketing partners’ brands.”
MEDIAITE BOSS CREDITS TRUMP FOR TRAFFIC BOOM
When Dan Abrams launched Mediaite in 2008, he envisioned a “fun, little side project.” But, it ended up at the forefront of a new age in which media and politics has been conflated, and are being covered synonymously. President Trump’s feud with media “is part of what has propelled Mediaite to new heights.”


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Your Media Morning: Time Inc’s Growth, Time Warner AT&T Deal Green-lighted, Facebook Targets LinkedIn, New York Times’ Netflix Strategy Reviewed by Editor on 9:31 AM Rating: 5
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