PUBLISHERS RUNNING FOR THE HILLS FROM PRINT
The media world continues to reorient, consolidate and find new ways to adapt to the digital landscape — and that trend isn’t changing any time soon. Technology has impacted the way consumers get their information, and it has upended media companies in the publishing, broadcast and digital worlds.
WILL SNAP INC EVER BE PROFITABLE?
Snap’s costs are high, and it has significantly lower margins than its competition. The second quarter saw significant improvements in gross margin, but this doesn’t mean hosting costs are under control. Snap faces all the risk in its third-party hosting agreements, and I think the company will need to prioritize ARPU over user growth to mitigate this challenge.
CBS IS ACQUIRING AUSTRALIA’S NETWORK TEN
CBS Corporation has agreed to acquire Network Ten, one of three major commercial broadcast networks in Australia, it was announced today by Chairman and CEO Leslie Moonves. This transaction adds Network Ten to CBS Corporation’s global content and distribution portfolios. In addition to core linear channel TEN, the deal includes digital terrestrial television channel ELEVEN, which CBS already owns a 33 per cent stake, the DTT channel ONE and Network Ten’s rapidly growing digital platform, TENPLAY.
A YAHOO AND AOL BRAND RESURGENCE IS IN THE WORKS
Tim Armstrong, CEO of Oath, says that the company isn’t giving up on the AOL and Yahoo brands in combining the two. On the contrary, he plans to oversee a “resurgence” of both brands. Each of Oath’s brands will have distinct editorial staffs and content, but their business sides will be combined.
DISNEY’S ESPN IN BOXING DEAL
ESPN and Top Rank have partnered on an exclusive multi-year, multi-platform boxing distribution deal. The extensive agreement calls for ESPN to distribute Top Rank boxing events across television, streaming, direct to consumer and pay-per-view platforms, including ESPN’s recently announced OTT service set to debut in 2018.
TASTEMADE AND SMORGASBURG BUDDY UP FOR LIVE EVENTS AND BRAND SPONSORSHIPS
Tastemade, born as a social food video media company, is moving deeper into real-life events through a partnership with outdoor foodie market Smorgasburg. Tastemade will sell sponsorships to events at Smorgasburg locations in New York and Los Angeles, such as concerts, food festivals and other events.
DISNEY BEING SUED BY THE SCIENCE GUY
Bill Nye, the TV personality known to his fans as the “Science Guy,” is suing Disney, claiming that the entertainment giant improperly held onto millions of dollars in profits related to his popular TV series that ran in the 1990s on PBS and in national syndication.
WILL VIDEO TURN TWITTER AROUND?
Video may be the future for social networks, but one analyst thinks Twitter’s enhanced live-video offerings are too little, too late. Jefferies analyst Brent Thill downgraded Twitter’s stock to Hold on Friday, based on his belief that the social network’s recently inked deals with a host of media players still won’t help it truly compete with rivals when it comes to nabbing advertising dollars.
THE ATLANTIC LAUNCHING MEMBERSHIP PROGRAM FOR FANS
The Atlantic announced that it’s introducing a membership program for fans, becoming the latest publication to seek out reader support to bolster its bottom line. The announcement, which came in a letter to subscribers, promised “a brand-new way to experience The Atlantic.”
NETFLIX IS IN THE WEED BUSINESS
As part of a promotion for its upcoming series “Disjointed” — about a woman who lives her dream of opening a marijuana dispensary Netflix is developing strains of marijuana inspired by ten of its shows. Due to federal regulations, the strains will not be available for mail-order purchase.
VIACOM IS LAUNCHING A STREAMING SERVICE IN SCANDINAVIA
Viacom is joining the race among major international content players to develop their own subscription video-on-demand services with the launch of Paramount+ in the Nordic region. The new service will hold the rights to the first pay TV window for Paramount Pictures’ new movies releases along with over 800 episodes of MTV and Comedy Central shows.
HEARST’S VERANDA MAGAZINE CELEBRATING 30 YEARS WITH MASSIVE ISSUE
hirty years and still going strong. Veranda magazine is celebrating a milestone in print magazines and, according to editor in chief Clinton Smith, the hope is to continue to bring gravitas and authority to the subject of living well. The anniversary issue is said to be Veranda’s largest in 10 years.
IN AGE OF LIVE STREAMING, PAY PER VIEW EVENTS LIKE MAYWEATHER / McGREGOR SEEN BY MILLIONS FOR FREE
Not everyone who watched the Floyd “Money” Mayweather Jr..- Conor McGregor match ponied up for a ticket or a pay per view — there were tons of illegal live streams shared on various social media platforms. That fact made frugal users on Twitter delighted to have seen “Money” without spending any.
FACEBOOK AND INSTAGRAM SUFFERED OUTAGES OVER THE WEEKEND
Saturday morning turned out to be social-media-free for a number of Facebook and Instagram users, albeit involuntarily. Some people reported difficulties accessing the two social platforms beginning at about 9 a.m. ET, according to Down Detector, a site that tracks real-time outages and other online issues.