MEDIA WIRE DAILY: Media Business News Spun Out of Control

Newscorp was built on newspapers, but is that foundation slowly crumbling under Rupert Murdoch's empire?

noreply@blogger.com (Media Wire Daily) — Sun, 05 Apr 2009 15:48:26 PDT

BY LIZ Has News Corp CEO Rupert Murdoch fired his last shot in pinpointing whats eating the newspaper industry, an industry in which he is heavily invested? At a cable industry confab in Washington, D.C., Thursday the media mogul turned his barrel on web giant Google, and accused them of stealing newspaper content, selling ads against it and...

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Bob Iger, the anti anti consumer?

noreply@blogger.com (Media Wire Daily) — Thu, 02 Apr 2009 21:00:33 PDT

BY LIZ As some media companies rush to reinvent themselves and throw together new revenue sources like charging consumers to access content online, Disney CEO Bob Iger believes doing such things is anti consumer. But Iger can say this because Disney reported 2008 sales of $37.8 billion and just announced that it spent $18 million to acquire...

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Cathie Black's lack of digital strategy wins her 3 more years atop Hearst Magazines

noreply@blogger.com (Media Wire Daily) — Mon, 12 Jan 2009 19:45:32 PST

BY LIZ Time Inc CEO Ann Moore may see some signs of hope now that her pal Hearst CEO Cathie Black has signed on for 3 more years. Black whose contract was coming to an end, managed to stay on to lead the company into the "Digital World". Our guess is that the board didn't see anyone inside or outside the company they liked and so by default Black...

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Rupert Murdoch toyed with changing Newscorp's name

noreply@blogger.com (Media Wire Daily) — Sat, 27 Dec 2008 12:32:28 PST

BY THE SHOGUN In the book "The Man Who Owns The News" Rupert Murdoch seemed to have been going through some late life crisis when he toyed with changing the name of his media empire after the DowJones takeover, to something that "Could better indicate his and Newscorp's philosophical reason for being". But apparently after running the idea by some...

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Bob Johnson itching to get back in the cable network business

noreply@blogger.com (Media Wire Daily) — Wed, 26 Nov 2008 18:57:14 PST

BY THE SHOGUN After cashing out from the sale of Black Entertainment Television (BET). Bob Johnson is said to be planning a new cable network which a spokesperson says will cater to a multicultural audience interested in health, lifestyle, education and other issues. The mouthpiece also said that the new network is not intended to compete with...

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Has John Malone made any statements regarding the kid who offed himself in front of the internet public?

noreply@blogger.com (Media Wire Daily) — Sun, 23 Nov 2008 15:45:26 PST

BY THE SHOGUN When Abraham Biggs Jr. made the decision that he was going to off himself, he first made it known on Bodybuilders.com a website which was taken over by media mogul John Malone's Liberty Media back in January of this year. We know the CEO of JustinTV where the poor kid broadcasted his death issued a statement related to the tragedy,...

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Another New York Times profile on former Disney head Mike Eisner gives us the impression that he's been sitting on his hands for the past 8 months

noreply@blogger.com (Media Wire Daily) — Sun, 23 Nov 2008 14:53:56 PST

BY THE SHOGUN There was a time when Mike Eisner was one of the most powerful men in media. He ruled with a rumored iron fist and made the final call on things across Disney and it's many subsidiaries. He was notorious for his micromanaging. However it was his micromanaging that kept Disney on top for many years. But as the saying goes nothing...

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Blackenterprise.com gets drastic makeover

noreply@blogger.com (Media Wire Daily) — Sat, 22 Nov 2008 11:08:14 PST

BY THE SHOGUN The folks over at Black Enterprise magazine rolled out a re-designed blackenterprise.com and what we see is a drastic makeover that in our opinion, wasn't really necessary. The new site is missing something but we can't quite put our finger on it. The logo has also been revamped. Will this new logo roll out in print as well? We...

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Fox News' Greta Van Susteren dreams of running an internet news site one day

noreply@blogger.com (Media Wire Daily) — Sat, 22 Nov 2008 10:18:53 PST

BY THE SHOGUN Even people who already have their dream jobs have other dream jobs. Take for example Fox News's Greta Greta Van Susteren. She recently posted on her Gretawire blog that she sometimes fantasizes about running an internet news site but made sure to make it clear that she loves her job, you know just in case Fox News tubby, Roger...

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Yahoo's next CEO shouldn't be...

noreply@blogger.com (Media Wire Daily) — Sat, 22 Nov 2008 09:52:45 PST

BY THE SHOGUN With Yahoo CEO Jerry Yang stepping down to make room for a new guy or gal, everyone has since put together their list of possible replacements. Well the hell with that. We came up with a few people who should not even be considered for the job of the real Chief Yahoo. We all know Yahoo President Sue Decker could very well become...

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At Time Warner, business as usual, and thats not a good thing

noreply@blogger.com (Media Wire Daily) — Mon, 17 Nov 2008 20:10:24 PST

-RYAN Its easy to lay some of the blame for the trouble many companies are facing these days on the current economic climate . The media industry has been hit hard and some of the media industry's top guns are having to make drastic decisions to keep their heads above the rising water. Sumner Redstone, was forced to sell off shares of his...

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American Media faces a John McCain like battle against TMZ.com with it's planned relaunch of Radaronline.com

noreply@blogger.com (Media Wire Daily) — Thu, 13 Nov 2008 19:59:54 PST

-BETH Late last month American Media Inc, the king of the tabloids announced that it had entered a partnership to take over the website of the now three times failed Radar Magazine, Radaronline.com. In the announcement it was said that millions will be pumped into the development of the site as well as the employment of reporters, camera men,...

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Barry Diller's forgotten website for black people?

noreply@blogger.com (Media Wire Daily) — Thu, 13 Nov 2008 19:18:14 PST

-BETH Everyone's talking about Thedailybeast.com the well publicized news gathering site bankrolled by Internet Mogul Barry Diller and headed by Editrix Tina Brown. The site which you should already know about based on the constant mentions by people like Joe Scarborough of MSNBC's "Morning Joe" according to recent traffic reports is a hit right...

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Its so bad, Time Inc is begging people to quit

noreply@blogger.com (Media Wire Daily) — Wed, 12 Nov 2008 04:00:05 PST

-BETH Time Inc isn't issuing pink slips anymore they are begging people to quit. OK so it's not Time Inc's problem if an employee has a shit load of medical bills and a mortgage knocking at foreclosure's door, its just what they have to do to keep their already rich shareholders happy so they can enjoy their lavish Holiday vacations with their...

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Can layoffs and shuttering magazines save publishers?

noreply@blogger.com (Media Wire Daily) — Wed, 12 Nov 2008 02:00:00 PST

-BETH Don't expect to see people like Time Inc CEO Ann Moore, Conde Nast's Si Newhouse, Wenner's Jann Wenner, American Media's David Pecker, Hearst's Cathy Black, Niche Media's Jason Binn or any other heads of magazine publishing companies head to Washington to beg for a bailout. Unfortunately for these CEO's the only way around keeping their...

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The new Time.com front page sucks big time

noreply@blogger.com (Media Wire Daily) — Tue, 04 Nov 2008 21:50:39 PST

-BETH Time.com quietly launched a new front page some weeks ago and its a good thing they chose a to sneak it out. Its like they tossed it out to see what the reaction would be. Well here ya go if you haven't heard it already, it sucks big time. Not only does the Time logo get lost on the page, but the page on a whole just looks like one big...

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Time Inc reorg still lacks major changes needed for current climate

noreply@blogger.com (Media Wire Daily) — Sun, 02 Nov 2008 09:20:05 PST

-BETH Back in March Mediawiredaily.com laid out what we thought was needed to tune up Time Inc and it's business divisions. We mentioned that Time Inc was just too big and needed to be cut down in size. Over the past two years, Time Inc CEO Ann Moore has been trimming things at the magazine giant but she was focused mostly on reducing the head...

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If you work for a magazine publisher, don't be fooled by management, you're fucked!

noreply@blogger.com (Media Wire Daily) — Sat, 01 Nov 2008 14:11:18 PDT

-BETH So you work in the magazine publishing business, and heads are rolling all around you at other magazine publishers. Word starts to spread that cuts may be coming to your company as well and you start to worry because you just started your holiday shopping and you planned to take a nice vacation in the New Year. Your boss hears all this...

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American Media President John Miller gets thrown off David Pecker's sinking ship to make it a little lighter

noreply@blogger.com (Media Wire Daily) — Sat, 01 Nov 2008 13:38:41 PDT

-BETH Mediawiredaily is on the path back to "Greatness". We will be publishing content here and there going into the new year. Come 2009, we plan to be back full time and on fire. Mediawiredaily.com is the only media business blog you can go to and get that real "St8t Talk" and no holds barred commentary on the media industry's movers and...

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Former Maxim editor turned former VP of entertainment at heavy.com Jimmy Jellinek is on his way to being the former SVP, Digital Content,at Playboy

noreply@blogger.com (Media Wire Daily) — Tue, 05 Aug 2008 21:59:20 PDT

SDH Wow! And we thought Heavy.com was paying him the big bucks. It was less than a year ago that former Maxim Editor Jimmy Jellinek landed at Heavy.com to serve as vice president of entertainment with much fan fare. Both he and fellow former Dennis Publishing employee Stuff publisher John Lumpkin bragged about the good pay they were getting at...

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Comcast drops $125 million on a looong list of emails

noreply@blogger.com (Media Wire Daily) — Tue, 05 Aug 2008 21:16:06 PDT

SDH Comcast dug into its deep pockets, not to purchase a newspaper or smaller cable company, they dropped some cash on Dailycandy.com, a shopping newsletter for the shopping female to fluff up its Comcast Interactive offerings. Comcast CEO Brian Roberts no doubt ran this by the wife and got positive feed back. However the real winner in this is...

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Former AOL boss Jon Miller best if used after March 2009

noreply@blogger.com (Media Wire Daily) — Sun, 03 Aug 2008 13:44:58 PDT

- SDH When Jon Miller was booted from AOL, he basically went underground barely heard from and/or seen. Now things are looking like they are about to be shaken up at Yahoo and he surfaces as a potential board member. But too bad for him his former employer Time Warner still has the hold on him until 2009. Miller is being put up to join the board...

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Losing Control: The Ochs-Sulzberger family, is like that middle class family who is about to lose their house

noreply@blogger.com (Media Wire Daily) — Sun, 27 Jul 2008 18:56:27 PDT

How will the Ochs-Sulzberger family justify their relevancy now? -BY SDH The New York Times Co reported nasty second quarter results as its stock price continued slide slowing at $12.48. This puts the company's market cap at measly $1.76 billion opening the door for someone to drop a sweet offer on the table double the current value which would...

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Les Moonves is trying too hard

noreply@blogger.com (Media Wire Daily) — Sun, 06 Jul 2008 11:07:40 PDT

-SDH There are many questions hanging over Viacom and CBS, both were separated in an effort to create shareholder value and in our opinion to end the battle of the successors between Les Moonves and Tom Freston who at the time were Co- CEOs of the combined company known as Viacom. Since the companies went their separate ways, the only thing that...

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Sumner Redstone is about to violate your privacy

noreply@blogger.com (Media Wire Daily) — Fri, 04 Jul 2008 09:16:27 PDT

-SDH We almost forgot that Viacom still had an open lawsuit against Google's Youtube.com for copyright infringement. Well the legal action just got bumped up a notch by a court ruling this week ordering Youtube to hand over sensitive user information to Viacom and its legal eagles. Viacom will get their hands on your Youtube.com user IDs,...

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