INSTYLE MAGAZINE BRINGS ON VOGUE'S JESSIE HEYMAN AS ITS NEW DIGITAL FEATURES DIRECTOR
Laura Brown who took the helm at Time Inc's InStyle as Editor in Chief two months ago, is still in the process of building her editorial team. A month ago she installed Ruthie Friedlander as site director and today she announced that she's bringing in Vogue's Deputy Culture Editor
BUSINESS INSIDER SHUTS DOWN COMMENTS
"Over time the value of our comments section has diminished, with a small but outspoken group increasingly resorting to name-calling and worse. Meanwhile the emergence of social media provides a place for conversations about our stories, and we feel comfortable that readers are able to share their thoughts on social platforms. We will be evaluating a number of commenting alternatives but have no timetable for a new approach"
DUE TO THE CONTINUED COLLAPSE OF PRINT AD REVENUES, THE WALL STREET JOURNAL AND NEW YORK TIMES ARE CUTTING THEIR ENTERTAINMENT COVERAGE
These changes come at a time when arts and entertainment coverage — and specifically independent criticism — is being reduced or eliminated all around the country. In New York, where Broadway alone represents a $1 billion-plus industry, the New York Post, the Daily News and USA Today all have eliminated full-time theater critics in recent months. USA Today owner Gannett announced a mass reduction of staff at its recently acquired North Jersey Media Group, which includes the Bergen Record.
NEW BUSINESS NEWS SITE MONEYBADGER.COM PROMISES A SENSE OF HUMOR
As a publication, Money Badger’s sole purpose is to help those who’ve never invested learn the basics of the market, buy their first shares of stock, and become engaged with the fascinating market stories that evolve each day. Whether you’re fresh out of college and keep everything in your savings account or starting your retirement on a fixed income, we’ll help you with everything you need to get your money to grow.
VIACOM CONTINUES TO HURT
Viacom reported Q4 results on Wednesday — and the numbers were as hard to take as a double feature of “Ben-Hur” and “Teenage Mutant Ninja Turtles.” Profits from continuing operations plummeted 71 percent on a 15 percent decline in revenue. Domestic advertising revenue continued to be a drag on the media conglomerate, falling in the three-month period by 8 percent, due to falling TV ratings.
AT FRENCH MAGAZINE PUBLISHER LAGARDERE CIRCULATION AND REVENUES FALL
A growth in radio activities and an 8.7 percent rise in digital sales, primarily driven by a diversification into e-health, didn’t offset the negative performance of magazine publishing, which saw revenues drop 8.2 percent. Circulation at the group’s magazines fell 9.1 percent, while advertising revenues declined 5.1 percent, which it characterized as an improvement compared to the first half of the year. Its flagship titles are the French edition of Elle and Paris Match.
LINE SAID IT IS NOT ACQUIRING VINE FROM TWITTER
With cash from the company’s $1.1 billion IPO earlier this year still on hand, some have wondered if the purchase of Vine or perhaps some other video company would be a use of the new capital. Idezawa addressed this by explaining that video is central to Line’s future growth in Japan, Taiwan, Thailand, and Indonesia.
THE DOLAN FAMILY OF CABLEVISION FAME BUYS AUDIENCE TARGETING DATA FIRM
The Dolan family, who sold Cablevision last year, has acquired a data analytics company as it seeks to build a business helping media companies better measure their audiences and target advertisements to individual viewers. The family announced this week it had launched Dolan Family Ventures to invest in data and technology and analytics companies. In its first deal, Dolan Family Ventures on Thursday said it has acquired New York-based Analytics Media Group, and is launching a new business called 605.
MEDIA STOCKS WERE OK AFTERALL
The election results has had little effect on the stock market so far, with media stocks dipping between 1% and 2% in early trading. Some pundits had expected the uncertainty that would envelop a Trump win would send the markets into a tailspin. That, at least early on, didn’t come.
COMCAST AND NEFTLIX? REALLY?
Comcast customers with certain set-top boxes will soon be able to stream Netflix movies, but is there more to this partnership between the former rivals? With mergers and acquisitions heating up thanks to AT&T’s blockbuster deal with Time Warner, speculation has been swirling as to how Comcast will respond.
VERIZON MAY PULL ITS OFFER TO BUY YAHOO DUE TO POSSIBLE INVESTIGATIONS AND HACKING FINES
Verizon might rescind its $4.8 billion offer to buy Yahoo, in part because of the damage resulting from the colossal hack of Yahoo customers, the technology company said. Yahoo also revealed that it’s “facing investigations” by governmental agencies over the hack and these could result in “potential fines.”
E.W. SCRIPPS' CEO IS RETIRING AND WILL BE REPLACED BY COMPANY'S DIGITAL CHIEF
E.W. Scripps Co. has announced that CEO Rich Boehne will leave the company in 2017, and an apparent successor has been named. Boehne will retire as president and CEO in the second half of 2017. Adam Symson was also promoted to chief digital officer and is expected to succeed Boehne as CEO.
DEMAND MEDIA IS DEAD, LONG LIVE 'LEAF GROUP'
Demand Media is now Leaf Group. The company will begin trading its stock on the NYSE as “LFGR.” Once deemed a “content farm,” Leaf Group is now trying to transform its business and separate itself from that association. Leaf Group said it will take down “duplicative articles” and decrease its reliance on SEO and Google.
NEWSWEEK RECALLS 'MADAME PRESIDENT' ISSUE AFTER PREMATURELY SHIPPING IT TO NEWSSTANDS
A national recall went out Wednesday for the special “Madame President” issue of Newsweek that was prematurely shipped to stores and newsstands across the country. At the same time, the publisher of the magazine will rush the “President Trump” version of the commemorative issue to press on Thursday — so it will get to stores next week.