Your Media Morning: Departures Magazine Editor is Out, Cheddar Hires Anchors, Snap Shares Fall, ESPN Laying off On Air Talent

WAIT. SAY WHAT NOW? "I have long been awed by New York and the company’s digital brands, both as a reader and observer of the industry" -AVI ZIMAK ON BEING NAMED PUBLISHER OF NEW YORK MAGAZINE FORMER TIME INC EDITOR LAUNCHES BUSINESS NEWS SITE A website covering business news in Brooklyn has launched and is being run by a former Time and Fortune editor. The Bridge is focused on covering the companies, entrepreneurs and trends that have made Brooklyn a growing economic area. It covers Brooklyn’s growing pains as well, including rising costs and inequities. RODALE'S RUNNER'S WORLD LAUNCHES BOX SUBSCRIPTION BUSINESS Runner's World has entered the subscription box space with 'Runner's World Box' which follows the same M.O. as other magazine launched subscription box businesses. The editors of Runner's World will handpick their favorite products featured in the pages of the magazine and on the website and readers can have these items delivered to them on a monthly basis. NEW YORK MAGAZINE INSTALLS NEW PUBLISHER/REVENUE CHIEF New York Magazine whose current issue is covered by former late night king David Letterman has installed a new publisher/chief revenue officer, filling the role left vacant by Larry Burnstein last year. FORMER CONDE NAST, TIME INC RESEARCHER INSTALLED AS CEO OF THE ADVERTISING RESEARCH FOUNDATION Scott McDonald, a longtime researcher with Conde Nast and Time Inc., to fill its vacant CEO post as the industry's foremost research organization navigates growing conflicts over measurement and media deals. CHEDDAR INSTALLS TWO NEW ANCHORS Cheddar TV, which bills itself as television business news for the millennials, has hired two new anchors. J.D. Durkin, who was at Mediaite as the editorial producer for video and live broadcast, has been hired as an anchor. Baker Machado is becoming an anchor after two months of freelancing. AMAZON AND PINTEREST COULD SHAKE UP THE SEARCH AD MARKET That’s because Google has long dominated both internet searches and related ad spending. In fact, most search advertisers spend the vast majority of their budgets with Google, perhaps sprinkle in a bit of Microsoft’s Bing, and call it day. But that could be changing, thanks to Amazon and perhaps Pinterest. That’s welcome news for search advertisers, who hope for more options for clients, as well as better products and pricing that could be spurred by more competition. SNAP'S SHARES FALL 12%  With a weekend to think about things — and several bearish analyst reports to read — investors reversed course, pushing Snap’s shares down more than 10 percent during much the day before falling again right before the market close, finishing at $23.82 a share WILL THESE CHANGES SAVE TWITTER'S BUSINESS The new timeline has clearly made the service a little friendlier and livelier. It ensures that you see more tweets from the people you interact with the most and more of the most popular tweets from others you follow. It has also ensured that the most popular tweets are far more widely seen than they used to be, enabling them to go viral on an unprecedented scale. COMCAST LOOKS TO NURTURE THE NEXT BIG THING WITH THE LAUNCH OF LIFT LABS The Philadelphia-based company and its NBCUniversal unit announced the launch of LIFT Labs for Entrepreneurs, a program aimed at fostering startups focused on media, entertainment, and connectivity. Comcast will begin accepting applications from entrepreneurs in January 2018, with the first LIFT Lab set to open in Philadelphia—in the under-construction Comcast Technology Center, next to the company’s headquarters—early next year. The company also said it will open another location for the accelerator program in Atlanta later in 2018. DISNEY INVESTORS KEEPING THEIR FINGERS CROSSED THAT CEO BOB IGER STAYS ON There is a growing expectation inside and outside Disney that Iger will stay on the job longer than planned. Nearly a year after launching a search for a new chief executive, Disney’s board could soon extend his contract, which expires in June 2018, said people close to the company who were not authorized to comment. APPLE WILL LOSE ITS STATUS AS THE WORLD'S MOST VALUABLE COMPANY Apple’s days as the world’s most valuable publicly traded company may be numbered. Oil giant Saudi Aramco is expected to have a market cap of $1 trillion to $1.5 trillion when it sells shares to the public next year. That means the market value of Aramco could potentially double Apple’s current market cap. ESPN LAYOFFS TARGETS ON AIR TALENT Following a Sports Illustrated report over the weekend, MarketWatch confirmed it is preparing to go through significant cost-cutting layoffs on its talent side — meaning on-air personalities. There is no set names or specific number yet expected to be cut, but ESPN will almost certainly part with names viewers are familiar with and, according to Sports Illustrated’s Richard Deitsch, the company is looking to pare tens of millions in staff salary. VIACOM IS GETTING CLOSER TO NAMING A NEW CEO FOR ITS FILM STUDIO Viacom CEO Bob Bakish is back for second round of meetings which we hear includes former 20th Century Fox chairman Jim Gianopulos, former Universal exec Scott Stuber, former Lionsgate and Paramount exec Rob Friedman, former New Line Cinema, Sony and DreamWorks exec Michael De Luca, and former Warner Bros. chief Jeff Robinov. HEARST NEWSPAPERS INSTALLS DIGITAL EXEC David Ho, executive mobile editor and mobile product director for the Wall Street Journal, has joined Hearst Newspapers as VP and executive editor, digital audience and news innovation. Ho led the Journal’s news operations on smartphones and tablets and oversaw the mobile evolution of its newsroom. ESQUIRE'S EDITOR CONSIDERS RECYCLING CONTENT FROM THE MAGAZINE'S ARCHIVES Jay Fielden, editor in chief, Esquire magazine: “We’re considering how we might use the archives more and more. There’s a real legitimate argument to be made that if you can go back and pluck out pieces written 20 or 30 years ago that somehow bear directly on something that’s going on now, then there’s a reason that we can maybe republish those pieces in the magazine.” -Good MEDIA Morning To You! Don't forget to share this morning's issue with colleagues and friends.   SEND US NEWS TO INCLUDE IN THE NEXT ISSUE: [email protected] SUBSCRIBE HERE

[post_ad]