FORMER YAHOO CEO MARISSA MAYER IS WALKING AWAY WITH $260 MILLION
All of the websites owned by Yahoo are now officially part of Verizon. And former Yahoo CEO Marissa Mayer, who famously left Google to take over the Purple Portal, is walking away from the company with a pretty sweet deal. Nearly $260 million.
THE MOST RECENT US WEEKLY WITH IVANKA TRUMP ON THE COVER SOLD 200K COPIES
That’s not bad, although it suggests that Trump-mania may waning for the celebrity glossies. Earlier this year, Us produced five consecutive covers featuring Ivanka — or a family member. The earlier covers boosted newsstand sales by as much as 40 percent some weeks.
CONDE NAST’S STYLE.COM SIMPLY COULDN’T COMPETE WITH E-COMMERCE GIANTS WHO ALSO LAUNCHED PRINT/DIGITAL PUBLICATIONS
Despite the reported $100 million investment in the site, and the money just wasn’t there to compete with online giants such as Yoox Net-a-porter.com, Matchesfashion.com and Mytheresa.com, which have been developing and launching new technologies at warp speed. Those sites have also quickly developed their own slick print and digital titles, and are finding ways to engage the consumer online and keep her communicating, browsing and shopping.
POSTMEDIA, ONE OF CANADA’S LARGEST NEWS ORGANIZATIONS IS ABOUT TO GO BELLY UP
For comparison, in the US market, a Postmedia failure would be as if Gannett, Tronc, and McClatchy all simultaneously went bust. Like a lot of media companies in Canada and the US, Postmedia’s financial picture is bleak. Its revenues have been steadily declining for years, most recently falling by 13.5 percent year-over-year in the second quarter.
REPORT REVEALS MASSIVE GENDER PAY GAP AT WALL STREET JOURNAL PARENT, DOW JONES
he union that represents many journalists at the Wall Street Journal has published an analysis that shows a persistent wage gap between men and women employed by Dow Jones & Co. Female employees are said to make less than 85 percent of what their male counterparts earn.
AFTER FINALLY CLOSING ON YAHOO, VERIZON’S NEW AD AND CONTENT DIVISON CALLED “OATH” TAKES SHAPE
Yahoo will be merged with AOL, which Verizon bought for $4.4 billion in 2015, to create a new online media and advertising subsidiary called Oath, housing brands such as HuffPost, TechCrunch, Yahoo Finance, Tumblr and the pair’s stack of advertising technology solutions. The two companies will benefit from the data Verizon has on its subscribers, which will improve targeting and measurement for marketers looking for online advertising alternatives to Google and Facebook
NEW YORK TIMES ROLLS OUT RE-DESIGNED DIGITAL PRESENCE
That redesign, 18 months in the arduous making, won’t turn heads or surprise many eyes, but its underlying thinking aims to empower the Times newsroom to deliver more timely, more nuanced, and more dramatic products to its readers — and thus for the Times to get more readers to pay for more of them.
WILL FACEBOOK TAKE A PERCENTAGE OF REVENUE FROM SUBSCRIPTIONS ACTIVATED THROUGH INSTANT ARTICLES?
Facebook is reportedly been working on building support for paywalls and subscription models into its mobile-first Instant Articles platform. And as with so much of what the social network offers to publishers, it will be a giant double-edged sword. The proposed feature is still in the development stages, so it’s unclear whether Facebook is planning to take a percentage of the revenue from subscriptions that are activated through Instant Articles (as Apple does through Apple News) or allow publishers to keep all the money.
WALL STREET JOURNAL, NEW YORK TIMES AND ESSENCE AMONG CJR’S SNAPCHAT MUST FOLLOWS
Snapchat is a mystery to most older folks and a daily habit of many younger ones. Ridiculed in its early days as a teen app for sexting, news publishers have flocked to Snapchat’s digital newsstand, Discover, which was launched in 2015, in hopes of capturing a sought-after audience. Audience data shows Snapchat has 158 million users, 100 million of whom are active every day and spend an average of 25 to 30 minutes per day on the app.
LAYOFFS COULD HIT HUFFPOST TODAY
The HuffPost newsroom is bracing for a round of layoffs this week, according to four people familiar with the matter. The cuts are said to be coming as early as Today. It’s unclear how many newsroom jobs might be affected. Verizon, which owns HuffPost’s owner AOL, is preparing to make broader cuts at the company in the wake of Verizon’s acquisition of Yahoo, a deal which closed on Tuesday. The Wall Street Journal reported last week that about 15% of employees, or 2,100 people, will lose their jobs at Yahoo and AOL, which have become a combined entity called Oath.
DISNEY AND UBER BOSSES NOT ON GUEST LIST FOR THIS YEAR’S SUN VALLEY MOGUL FEST
Uber CEO Travis Kalanick, who years ago wowed attendees at the Sun Valley Conference with his then-new ride sharing app, is missing from the list of guests this year. Also, Disney CEO Bob Iger is not on the 2017 list of attendees, although the company will be represented by other senior execs.
THE WASHINGTON POST IS A TECH COMPANY?
Jarrod Dicker, the Post’s director of ad product and engineering, helped develop software that filters through news stories and automatically places the right ad, to match the user’s demographics and preferences. The Post allows its advertisers to use that same software to create more relevant, content-rich ads — things aimed at drawing actual reader interest, as opposed to a mistaken click on an irritating popup or flashing banner ad.