MAGAZINE COVERS ARE NO LONGER TO SELL MAGAZINES ON NEWSSTANDS
Adam Moss, editor in chief of New York magazine: “The cover is no longer really to sell magazines on newsstand. Social media takes your cover and distributes it all over the place and it becomes an advertisement for the magazine that’s actually more important than it was originally meant to be when it was to stimulate newsstand sales.”
NBC SAYS IT HAS STREAMING REVENUE AND CAN PROVE IT
The talk in the entertainment industry has indeed drifted elsewhere lately, with the streaming giant Netflix luring the super producers Shonda Rhimesand Ryan Murphy away from traditional television with nine-figure deals and Apple starting to shell out the $1 billion it earmarked for streaming content to the actress-producer Reese Witherspoon and other show creators.
'BLACK PANTHER' SETS RECORD SETTING BOX OFFICE OPENING FOR DISNEY'S MARVEL
Disney is reporting Sunday estimates of $192M over three days for Black Panther and $218M over four. However, Black Panther domination is far from over. Industry estimates believe it’s significantly higher at $195.3M three-day for Marvel’s Black Panther and a $225.7M four-day, and that’s because hourlies are flying off the grid, with some analysts’ four-day projections at $230M. The movie is so huge, that even Disney CEO Robert Iger had to post a rare tweet praising the movie.
FACEBOOK EXEC BRINGS HEAT ON THE SOCIAL MEDIA GIANT
Facebook is under fire again this weekend after one of its executives suggested the media misrepresented details around the company's role in Russia's interference in the 2016 presidential election. Rob Goldman, vice president of ads at Facebook, took to Twitter on Friday to critique what he sees as inaccurate news coverage of Russian advertising buys.
THE PAID NEWS PIVOT
After two decades of publishers giving their content away for free, many are coming around to the idea that they should charge for it. The question is: How much? Digital consumer revenue is expected to become a bigger share of news publishers’ revenue over the next few years, but many publishers are still charging more than a lot of people are
CONDE NAST ITALIA ROLLS OUT FIRST SOCIAL MEDIA EDITORIAL PROJECT
Condé Nast Italia is launching a new editorial project — and it’s entirely social and platform-free. Called LISA — an acronym for love, inspire, share and advise.
RUPERT MURDOCH PLEDGES TO FUND AN INDEPENDENT SKY NEWS SERVICE FOR A DECADE TO WIN OVER REGULATORS
Rupert Murdoch’s Twenty-First Century Fox has strengthened its offer to protect the independence of Sky’s loss-making news channel to try to overcome regulatory concerns about Fox’s takeover of the parent company.
GOLF MAGAZINE MOVING TO EMIGRANT SAVINGS BANK BUILDING
Golf and Golf.com, which were sold by Meredith last week, will be moving their offices into Manhattan’s Emigrant Savings Bank building. It’s a rather odd choice until you understand that Howard Milstein, who bought the properties from Meredith, also owns the bank — which happens to be the oldest savings entity in the city.
FOX NEWS LAUNCHES NEW STREAMING SERVICE
On Tuesday, Fox News is set to announce Fox Nation, a stand-alone subscription service available without a cable package. The streaming service, expected to start by the end of the year, would focus primarily on right-leaning commentary, with original shows and cameos by popular personalities like Sean Hannity.
WALL STREET ISN'T EXCITED ABOUT A CBS-VIACOM JOIN UP
The media world may be buzzing about a potential CBS-Viacom merger, but Wall Street isn’t sold on the idea. Despite CBS’s relatively upbeat fourth-quarter results last week, the broadcaster’s stock slipped 2.4 percent on Friday, to $55.39.
NETFLIX BUDDIES UP WITH PAY TV GIANT IN THE MIDDLE EAST
OSN, the Middle East’s largest pay TV provider, will begin offering Netflix content via its subscription platform next quarter, the latest traditional media company to include the service in an attempt to head off competition from the popular streaming site. The deal follows similar partnerships arrangements between Netflix and cable-internet service providers in the US.
TRONC MOVING MORE THAN TWO DOZEN DAILY NEWS JOBS TO CHICAGO
Tronc, the parent of the New York Daily News, will move roughly two dozen jobs to its Chicago headquarters.The move west of the production and design jobs is part of a company initiative to save money. Tronc paid $1 in September for Mort Zuckerman’s tabloid.
GOOGLE LOOKS TO HELP PUBLISHERS WITH SUBSCRIPTIONS
Google is vying for the hearts and minds of publishers with an appeal to their bottom lines, particularly in attracting subscribers. Last fall, Google ended its controversial first-click-free policy that required paywalled publishers to let readers see at least three free articles to have the publishers’ content surfaced in search and replaced it with flexible sampling, where the publishers choose where to set the meter.
THE DOJ MOVES TO BLOCK AT&T FROM ARGUING THAT POLITICS IS INVOLVED
he U.S. Justice Department has moved to prevent AT&T from arguing that politics played a role in the government’s decision to stop its merger with Time Warner. “The president is unhappy with CNN. We don’t dispute that. But AT&T wants to turn that into a get-out-jail-free card for their illegal merger.”