GOOGLE PAYING PUBLISHERS FOR HELP WITH ITS OWN VERSION OF SNAPCHAT DISCOVER
The search giant is paying some sites working on its new “Stamp” project, a move sources say is intended to defray the costs publishers incur as they build content and systems to accommodate the new format.
DISNEY SUCCESSION SPECULATION FRENZY IS ON AGAIN
Disney CEO Bob Iger plans to leave the world’s largest entertainment company in 2019. “This time I mean it,” Iger said. His firm affirmation that he will leave Disney in an official capacity in roughly two years when his contract expires is sure to set the Disney tea-leaf watchers into a frenzy.
Michele Promaulayko agrees that while nothing about the Cosmopolitan is “broken,” there’s also nothing wrong with infusing a dose of “newness, novelty, excitement and more visuals” into the magazine. “In today’s world,” said the Cosmo editor in chief, “novelty and newness are rewarded, so I felt like it was time for a design refresh.”
RODALE’S FORMER FINANCE EXEC PURCHASES THE COMPANY’S FORMER PROPERTIES
The former vice president of finance for Rodale Publishing in Emmaus has purchased former Rodale property to relocate the headquarters of her wealth management business. Mary Evans purchased the multi-building parcel on almost two acres of land off Pennsylvania Avenue
START-UP CROOKED MEDIA INSTALLS EDITOR IN CHIEF, LAUNCHES WEBSITE, CONTRIBUTOR NETWORK AND NEW PODCASTS
In the eight months since we launched Pod Save America, the show has been downloaded more than 100 million times. We interviewed President Obama. We stumbled upon Hillary Clinton in the woods. We created so much content. And we’ve fought alongside activists and engaged citizens who refuse to accept this present as our future
TWO YEARS IN AND TWITTER BOSS JACK DORSEY STILL HASN’T WON THE CONFIDENCE OF INVESTORS
A lot has happened at Twitter in the two years since Jack Dorsey returned as CEO of the company he co-founded. Twitter changed how its timeline works, won (and then lost) NFL streaming rights, and shuttered its looping-video app, Vine. And last week, it launched 280-character tweets — double its longtime limit.
LA TIMES NEWSROOM EMPLOYEES PUSHING TO UNIONIZE
Newsroom employees at The Los Angeles Times are trying to form a union, setting up a potential clash with the newspaper’s parent company, Tronc. After months of organizing, the committee behind the push for a union drafted a one-page letter laying out its reasoning and left printouts on employees’ desks Tuesday night.
TIME INC’S ENTERTAINMENT WEEKLY IS MOVING TO HOLLYWOOD
The New York-based publication will make the move on March 18, according to the company, which called it a “strategic relocation” that will allow EW “more frequent and deeper engagement with talent, studios and networks in the entertainment industry.”
THESE PUBLISHERS ARE NOT FULLY ON THE “PIVOT TO VIDEO” BANDWAGON
The pivot to video is not on everyone’s agenda. News publishers Trinity Mirror, The Telegraph and Axel Springer are refraining from making any drastic changes in strategy that would prioritize video over other formats.
VERIZON’S TOP MEDIA EXEC IS BOWING OUT AFTER CEO GIG FELL OUT OF REACH
Verizon Communications Inc. said its top media executive, Marni Walden, is leaving in February and her responsibilities will be split among existing executives at the telecom giant. Ms. Walden oversees the company’s media and digital business, including its Yahoo and AOL properties, a role she took over in 2015. One of her lieutenants, Tim Armstrong, who runs the Internet properties, will now report directly to Chief Executive Lowell McAdam.
AT&T BOSS STOPS SHORT OF SAYING CNN PRESIDENT JEFF ZUCKER IS STAYING PUT AFTER TIME WARNER DEAL CLOSES
The network and its president, Jeff Zucker, have been a target of Mr. Trump over its coverage of the administration. Mr. Stephenson stopped short of saying Mr. Zucker would definitely stay after the deal closes but said when AT&T acquires a company, it aims to retain successful management teams. CNN “is having a lot of success” and AT&T’s goal is “to keep key talent in place,” he said.
THE ATLANTIC ROLLED OUT ‘THE MASTHEAD’ ITS FIRST EVER MEMBERSHIP PROGRAM
Last month, we told subscribers about a major project we are, today, launching to the public: The Atlantic’s first-ever membership program. This morning, as the project—called The Masthead—goes live, I wanted to write you to explain why I think this is so important, and why I hope that you become a founding member of this endeavor.
PUBLISHERS GIVE SOME USERS PREFERENTIAL TREATMENT
Publishers like to talk about their commitment to user experience. But not all users are alike. Like any consumer business, publishers have their high-value customers. They’re the people who visit the site regularly, are registered users and receive email newsletters. They might even be paying subscribers or members. Their reward is a clean, user-friendly site.
TRIBUNE MEDIA LOOKS TO REDRAW A BIG CHUNK OF DOWNTOWN CHICAGO
n a step toward transforming a massive stretch of the Chicago River’s North Branch, the company today is unveiling plans to turn its 30-acre riverside parcel between Grand and Chicago avenues into a sprawling mixed-use development with more than a dozen new buildings and 9 million square feet of commercial and residential space.
BUZZFEED SAYS ITS NEW MORNING NEWS SHOW IS REACHING 1 MILLION DAILY VIEWERS
Twitter’s making a big push into live video, with deals for pro sports, talk shows, network TV premieres and more. But what does a real newscast look like if you rethink it for Twitter? BuzzFeed’s AM to DM offers a possible answer — and it’s a fun one.
NETFLIX SHARES GAIN NEARLY 4% ON POSITIVE SUBSCRIBER GROWTH FOR Q3
Shares of Netflix Inc. were up nearly 4% during intraday trade on Wednesday, after UBS analyst Doug Mitchelson raised his 12-month price target on the company, saying analysis suggests that the streaming giant’s subscriber growth will be more than previously expected. Mitchelson said he expects the company’s second quarter growth momentum will be sustained through the third quarter. He expects Netflix to report domestic net adds of 850,000 and international net adds of 3.95 million.
SNAPCHAT IS MAKING AN APP FOR LAPTOPS
After only existing on mobile phones, Snapchat is coming to a laptop. Parent company Snap Inc. is building a new version of Snapchat for the upcoming Pixelbook by Google, which functions like a laptop/tablet hybrid and runs Chrome OS.
NEWSPAPER PUBLISHER GANNETT ACQUIRES STAKE IN DIGITAL VIDEO FIRM
Gannett, publisher of USA Today, said it has made its first major investment outside of news with a majority investment in Grateful Ventures, an online media company that focuses on lifestyle content including videos about food and cooking.
NEW YORK TIMES IS GIVING AWAY FREE GOOGLE HOME DEVICES TO NEW SUBSCRIBERS
The New York Times Co. announced on Wednesday that it is partnering with Google to give a free Google Home to anyone in the U.S. who signs up for new annual newspaper subscriptions. The publisher of The New York Times said Google’s voice-controlled speaker is the newspaper’s latest giveaway meant to entice more people to sign up for year-long subscriptions.
INVESTORS ARE STILL NOT BUYING SNAPCHAT’S VISION, HERE’S WHY
In its seven months as a public company, Snap has confounded investors. On a basic level, the company hasn’t done a great job of executing on its goals. It had to push back the broader launch of its new ad platform, and it’s having a harder time growing its user base as quickly as it did when it was a private company.
VIACOM BOSS SHARI REDSTONE SAYS VIACOM IS STARTING TO LOOK LIKE ITS OLD SELF AGAIN BUT IS THAT A GOOD THING?
Please excuse Shari Redstone if she sounds a bit giddy. It’s been a long few years, but Viacom is beginning to look like its old self, she said. “Ratings are up in all of our flagship brands — MTV, BET, Nickelodeon has a lot [of] new shows,”
AMAZON ORDERED TO PAY A “MEASLY” $295 MILLION IN BACK TAXES IN EUROPE
Amazon has to pay $295 million in back taxes to Luxembourg, the European Union ordered Wednesday, in its latest attempt to tighten the screws on multinationals it says are avoiding taxes through sweetheart deals with individual EU states.