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Media News

Saturday Nov 22, 2008

Yahoo's Critical Next Moves

internetnews_100x100.gifThis week on internetnews.com: With Jerry Yang stepping down, will a new CEO, renewed buyout talks with Microsoft, or simply better execution help the Internet giant right itself?

Check out Yahoo's Critical Next Moves on internetnews.com

This Week in mb

Friday Nov 21, 2008

Our Blog Network: 11.21.08

Another UnLucky Week For Conde, Time Inc.

RDlogo.gifMore cuts come to Conde Nast, while things go from bad to worse at Time Inc. Meanwhile, can a Sulzberger's return save the NYT?
Revolving Door Newsletter: 11.21.08

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Pitch This Feature Well

a9042a.jpgFocused on fresh, healthy food, this lifestyle mag seeks trend items and well-researched features.
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Newsfeed Update: 11.21.08

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damien_fahey.jpgEx-TRL Host to Join Extra (P6)
A mere week after the cancellation of MTV's TRL, host Damien Fahey's been snatched up by Extra. "The show called and asked if he would start this weekend as one of their new special correspondents." A rep confirmed that Fahey was in talks with Extra: "There are other networks competing for him, but he's definitely going to give this gig a shot."

Newsprint Costs to Remain Steady (Daily Beast)
In a rare reprieve for the print media, several paper manufacturers are indicating that they will end the price hike that has been crimping newspaper budgets for the past year. The cost of newsprint on the East Coast has risen by 37 percent since last October, to a 12-year high, contributing to wave of downsizing in the beleaguered newspaper industry.

Cygnus, Wasserstein 'Going in Different Directions' (Folio:)
This summer, Wasserstein and Co. emerged as the likely buyer for Cygnus Business Media. A deal was expected to close by the end of August. Now, Wasserstein and Cygnus owners, Boston-based ABRY Partners, are reportedly "going in different directions." "Exclusivity was broken," said the source. "While they still reach out occasionally ...[Wasserstein] essentially is on the back burner."

continued...

Cross-Country Freelancing

via.jpgThese high-circulation mags rely heavily on freelancers to keep their American travel stories coming.
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The Morning Newsfeed: 11.21.08

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Ailes_11.20.jpgRoger Ailes Signs New 5-Year Deal with News Corp. (TVNewser)
Roger Ailes has signed a new deal that keeps him at News Corp. for at least another five years. "I'm pleased to continue to work for News Corporation. It is a strong and extremely well positioned company. I look forward to carrying out Mr. Murdoch's legendary vision in the future," says Ailes in a press release. LAT: Ailes is still working to expand the reach of the year-old Fox Business Network, which launched last October as a challenger to CNBC. The channel is now available in about 42 million homes, about half that of its competitor.

Time Inc. Contractually Obligated to Give Brangelina Positive Coverage? (NYT)
When Angelina Jolie and Brad Pitt negotiated with People and other celebrity magazines for photos of their newborn twins and an interview, the stars were seeking more than the estimated $14 million they received from the deal. They also wanted a hefty slice of journalistic input -- a promise that the winning magazine's coverage would be positive, not merely in that instance but into the future.

AP to Cut 10% of Staff in '09 (Dow Jones via CNN/Money)
The Associated Press told employees that by some point in 2009, the news cooperative's staff would be 10% less than current levels, according to an internal source. The news cooperative's chief executive, Tom Curley, made the prediction at a meeting held with staffers on Thursday. With more than 4,000 employees, a 10% reduction at the Associated Press would amount to roughly 400 positions.

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Revolving Door

Revolving Door Newsletter: 11.21.08
Cuts Continue at Time Inc., Conde; Hearst Promotes Execs

Latest News as of Friday, November 21, 5:44PM

Ann Baird has been named marketing director at More. She had been marketing director at Traditional Home. (mb)

Michele Wells has been named senior editor at McGraw-Hill Trade. She had been acquisitions editor, Alpha Books, at Penguin Group USA. (mb)

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