FORBES FAMILY FINALLY SETTLES WITH THE NEW OWNERS OF FORBES MEDIA
The Forbes family, after a bitter legal battle with the new Chinese
owners of Forbes Media, have apparently finally gotten paid. That leaves
Steve Forbes as chairman, the Asian owners with 95 percent of the
company — and the Forbes family with the money from its long overdue
loan to Integrated Whale Media, the new owners.
MEAGER EARNINGS FOR PUBLISHERS PUSHING CONTENT ON THIRD PARTY PLATFORMS
Publishers are receiving far less money than might have been expected
from placing their content on the third-party distribution platforms
owned by companies including Facebook, Google, and Snapchat, according
to a new report. The report, from premium publisher trade body Digital
Content Next (DCN), claims that the (mean) average premium publisher
generated $7.7 million in revenue from distributing their content on
third-party platforms
FACEBOOK BOSS SAYS HE HAS NO PLANS TO RUN FOR PRESIDENT
Facebook founder and CEO Mark Zuckerberg has insisted he does not plan
to run for US president - despite the rumours. For now, he said he would
continue working on growing his company as well as the Chan Zuckerberg
Initiative (CZI), the corporation he and wife Priscilla built which
makes investments in scientific and leadership research. He did not rule
out running for office in the future.
CONDE NAST'S BON APETIT LAUNCHES NEW "HEALTHY" FOOD VERTICAL 'HEALTHYISH'
Bon Appétit launched a new brand and site, Healthyish, which will cover
wellness through the lens of food. Things to expect include recipes
tested in the BA Test Kitchen, plus other ways to live a “healthyish”
life, whether that’s a happy hour recommendation or a new workout
craze. The platform launches with 30 new videos, a collection of new
recipes, essays, profiles, and true stories.
VICE MEDIA NOT INTERESTED IN WENNER MEDIA'S US WEEKLY
Wenner Media founder Jann Wenner is said to have sought out old pal Tom
Freston, the vice chairman of Vice Media, to invest in or buy Us Weekly —
and add it to Vice Media’s holdings. But his pal and biker buddy
appears to have turned him down. Wenner is rapidly turning over control
of the company to his son, Gus Wenner, head of digital operations.
CBS RE-UPS WITH MEREDITH FOR CARRIAGE
CBS can relax about its ability to reach about 7% of its viewers: It
just renewed its affiliation agreement with Meredith Corp, which carries
CBS programming to more than 5.5 million households in Atlanta,
Phoenix, Kansas City and Flint, MI.
MEREDITH CORP WILL SHARE ITS Q217 REPORT CARD TODAY
Analysts expect Meredith Corp. to post earnings of $1.20 per share and
revenue of $435.22 million for the quarter. Meredith Corp. last posted
its earnings results on Thursday, October 27th.
The company reported $0.75 EPS for the quarter, beating the Thomson
Reuters’ consensus estimate of $0.72 by $0.03. The company earned
$399.90 million during the quarter, compared to analyst estimates of
$400.77 million.
TIME INC COO JEN WONG ON THEIR GOAL TO BE DIGITAL EXTROVERTS
Time Inc. is the poster child for a legacy publication in the throes of a
tumultuous digital transition. And Jen Wong is at the center of
it. Wong, a veteran of digital native publisher PopSugar, serves as
president of digital and chief operating officer at the home of iconic
magazine brands like Time, People and Sports Illustrated.
BLOOMBERG'S REMEDY TO DRIVE HOMEPAGE TRAFFIC
Publishers are struggling with the decline in home page traffic across
the board. Bloomberg Media thinks it has found a remedy: When it
relaunched its technology vertical in October, Bloomberg decided to
ditch the infinite scroll at the end of articles and send people to the
vertical’s homepage instead.
THE GUARDIAN SHUTTERS ITS MEDIA+TECH NETWORK
All good things must come to an end. As we’re sure many of you are
aware, times are tough in the advertising market which the Guardian
depends on to fund much of its journalism. Consequently, the decision
has been taken to close the Media and Tech Network at the end of
January. We hope to have been a valuable resource, and that you’ll
continue to enjoy the Media and Technology coverage across the Guardian.
NEW YORK TIMES LOSES TECH EDITOR TO GOOGLE GLOUD
New York Times deputy tech editor Quentin Hardy is heading to
Google. Hardy tweeted that he had accepted an offer to head editorial
for Google Cloud, which includes G Suite and Google Cloud Platform.
Google confirmed the news and said Hardy’s role was new, but declined to
share further details, such as what exactly the job entails.
PRINT IS GOOD FOR MARTHA STEWART LIVING ACCORDING TO EDITOR ELIZABETH GRAVES
Maybe I’m eternally optimistic in the face of challenge, but I envision a
bright one for us. Not all magazines necessitate a printed form, but
Living does—our readers continue to enjoy and save issue after issue.
The visual experience is important to them. We are also a magazine about
celebrating life, and that never falls out of fashion in good times or
bad. It takes a village to help maintain print’s integrity and the power
of the platform. But it is unparalleled when it comes to reader trust,
and we need to keep that. I like many mediums, but print will always be
my first and lifelong love.
SALON MAY BE SOLD TO INVESTOR LOOKING TO BUY THE STREET.COM
Salon Media, one of the trailblazing pioneers of digital publishing that
has struggled in recent years, is on the brink of selling a controlling
stake to activist investor Spear Point Capital. Spear Point would then
use its control of Salon to make a run at Jim Cramer’s TheStreet.com.
-Good Morning
|
Reviewed by Editor
on
10:01 AM
Rating:
