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Your Media Morning: Offers Due For Time Inc Next Week, Sinclair Seeks Merger With Tribune Media, ESPN Expands, Vice Media’s Mobile Deals

WAIT. SAY WHAT NOW?
"When we first started to roll out our global terrestrial TV program, people thought I was nuts, 'going backwards,' and a victim of my own hubris"
VICE MEDIA CEO SHANE SMITH

WILL CUSTOMERS SIGN UP FOR YOUTUBE'S STREAMING TV SERVICE?
YouTube will soon offer a streaming TV service for people who don't want to pay for traditional cable. Google launched YouTube TV on Tuesday, which will cost $35 a month and offer access to content from broadcast networks as well as YouTube.

PENGUIN RANDOM HOUSE PAID MORE THAN $60 MILLION FOR TWO OBAMA BOOKS
The announcement came a few hours after the Financial Times reported that auction between several prominent book publishers had surpassed the $60 million mark. It is unclear how much Penguin Random House ultimately paid for the two books. The parties involved declined to comment on the terms of the deal. But the FT said it amounted to "a record sum for US presidential memoirs."

RODALE PUBLISHER EXITS COMPANY AGAIN
Rumors were swirling at presstime that Rodale Editorial Director Michael Lafavore was exiting the family owned publishing empire of Prevention, Runner’s World and Men’s Health.

A NEW $1,000 IPHONE FROM APPLE?
The new model slated for release this fall, rumored to be called either the iPhone 8 or the iPhone X, will include a curved OLED display similar to the one used in some Samsung smartphones including the Galaxy S6,
SINCLAIR BROADCASTING APPROACHES TRIBUNE MEDIA ABOUT A POSSIBLE JOIN UP
A deal between Sinclair and Tribune Media, which have market capitalizations of $3.6 billion and $3 billion respectively, would combine two of the largest U.S. local TV station owners and face regulatory curbs on how many households they can reach. However, the broadcast industry hopes President Donald Trump will lift caps on ownership concentration, allowing it to compete for audiences and advertisers against Facebook and Alphabet's Google.
VICE MEDIA COOKS UP MORE THAN A HALF DOZEN MOBILE DEALS
They include direct-to-consumer, original production, licensing and Viceland programming agreements, particularly in the Asia Pacific region. Vice Media has struck deals with eight mobile partners covering multiple territories, especially in the Asia Pacific region, to make its programming available to hundreds of millions of new viewers.

ARE NEWSROOMS GIVING UP THEIR INDEPENDENCE BY TAKING MILLIONS FROM PRIVATE DONORS?
Media outlets are taking millions of dollars from private donors and foundations in order to pay for news. The Mail & Guardian in South Africa receives grants from the Gates Foundation to cover health, and Gates funds development news at The Guardian in the UK. In Latin America, Plaza Publica (in Guatemala) and Ojo Publico (Peru) accept donor money to cover news in the public interest.

SNAPCHAT PAID NEARLY $60 MILLION TO ITS MEDIA PARTNERS LAST YEAR
The ads in the Discover section are for now a small part of the business — one that's potentially very important to other media companies. Snap paid nearly $60 million to its media partners last year, up from less than $10 million in 2015. And Snap manages more than 90 percent of those ad sales itself. Those Discover spots are coveted. Snap has been growing the list of content partners and now has more than 40, from Buzzfeed and CNN, to Vice, ESPN and Discovery.

EXECUTIVE MOVEMENT AT CONDE NAST PARENT ADVANCE
Andrew Siegel, a former General Electric and Yahoo executive who was brought on in 2010 to focus on Advance’s corporate strategy, which included mergers and acquisitions, is transitioning to a new role at the company. The executive, who most recently held the title of founding partner and chairman for Advance Vixeid Partners, the investment arm of the Condé Nast parent, will become president of American City Business Journals’ Growth Strategies Group.

MEREDITH'S BETTER HOMES & GARDENS IS NOT GETTING OLD, EVEN THOUGH IT IS AT 95
Better Homes & Gardens may be one of the longest continuously published magazines in the country, but it’s not getting old. The multi-platform brand hasn’t shied away from its print legacy and continues to publish 12 issues a year, but it’s tapping into digital opportunities without reservation. In fairness, some changes have been incremental. For instance, the brand just introduced its first new logo in 51 years.
VOX MEDIA'S EATER IS SETTING UP SHOP IN LONDON
We plan to launch Eater London — a dream of mine for years now and our first site outside of North America — later this spring. I’ve just come back from a week in London scouting out editorial talent and partnership opportunities.

SNAPCHAT IS ATTRACTING OLDER USERS
Teenagers love donning digitized puppy ears, flower crowns, and funky sunglasses. So do their parents. Snapchat, the photo-sharing mobile app known for these filters, is gaining older users. Market research firm eMarketer projects that 70.4 million Americans will use Snapchat in 2017, up from its June prediction of 66.6 million users

VERIZON SAYS IT DOESN'T NEED TO BY A HUGE  MEDIA COMPANY LIKE RIVAL AT&T
While AT&T has agreed to acquire Time Warner for $85.4 billion, rival Verizon continues to feel it doesn’t need to buy a big entertainment company, Verizon CFO Matt Ellis told an investor conference. “We don’t believe that we need to own the traditional linear TV content.”

ESPN EXPANDS INTO DOCUMENTARIES AND PODCASTS
ESPN, best known for live sports and highlights won its first Academy Award Sunday night for Ezra Edelman’s “O.J.: Made in America,’’ a five-part documentary. It could be the first of many. ESPN has assembled an ambitious pipeline for non-fiction programming.



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Your Media Morning: Offers Due For Time Inc Next Week, Sinclair Seeks Merger With Tribune Media, ESPN Expands, Vice Media’s Mobile Deals Reviewed by Editor on Wednesday, March 01, 2017 Rating: 5
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