Good Media Morning to you.
There has been some departures from Conde Nast‘s digital ranks over the past few months…Bleacher Report installs its first ever Chief Brand Officer…Investors sell off Facebook shares, scoop up Netflix and Amazon instead…Gizmodo Media boss Raju Narisetti is out…Janice Min who all bets were on to be Vanity Fair’s next editor has joined NBC Universal as a consultant…These and more for your Media Morning Today. Dive in!
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BAD TIMING:CONDE NAST’S DIGITAL TEAM THINNING OUT?
Talk about bad timing. As Conde Nast tries to figure out a new path forward, the company’s digital ranks under digital chief Fred Santarpia has been depleted over the past few months according to Digiday. The digital team has lost top level execs including its senior vice president and GM of digital strategy Matt Starker.
BLEACHER REPORT INSTALLS FIRST EVER CHIEF BRAND OFFICER
Bleacher Report, Turner’s millennial-skewing digital sports division, has hired Ed Romaine as senior VP and chief brand officer. Romaine, who officially started at B/R on April 9, reports to Howard Mittman, Bleacher Report’s chief revenue officer and chief marketing officer. Both are based in New York.
CBS AND VIACOM SHAREHOLDERS ISSUE THERE TERMS FOR A DEAL
One of CBS Corp.’s biggest shareholders has written to the company’s board saying it should only proceed with a deal for Viacom Inc. if certain terms can be agreed on. The shareholder, who declined to be identified, wants CBS Chief Executive Officer Leslie Moonves and his management team to lead the combined company.
INVESTORS SELL OFF FACEBOOK SHARES, SCOOPS UP AMAZON AND NETFLIX INSTEAD
Investors bought shares of Amazon and Netflix, but sold shares of Facebook, according to fresh data from TD Ameritrade. “People are still longer term believers that technology is going to be the sector that leads us out of the funk we’re in right now.
GIZMODO MEDIA CEO RAJU NARISETTI STEPS DOWN
I had recently asked to step down as CEO of Gizmodo Media Group and with Univision’s reluctant blessing, will be officially leaving later this month.With recent changes consolidating all business unit reporting lines of Fusion Media Group into Univision, my decision makes structural sense for GMG.
GQ, BUSTLE AND CURBED PRODUCING PRODUCING EPISODIC SERIES FOR INSTAGRAM STORIES
If Instagram ever adds its version of Facebook Watch, Bustle will be prepared. The publisher is among the media companies independently producing episodic series for their own Instagram Stories and selling brands on sponsoring these shows in the same way TV networks pitch their programs.
CBS BOSSES NERVOUS ABOUT UPCOMING CHARLIE ROSE EXPOSÉ
CBS has been using NDAs to try and suppress potential sources for an upcoming exposé about Charlie Rose’s sexual misconduct. And top network execs who worked on Rose’s shows are panicking that they’ll be accused of turning a blind eye to his sexual misconduct.
HULU AND YOUTUBE EXPECTED TO SELL AD IN LIVE TV SERVICES
It’s been a year since Hulu and YouTube debuted their live TV services and said they would sell ads against those linear streams. While they haven’t started selling ads, they’re expected to soon. Both companies are said to have set time frames for when they expect to open up their live TV inventory.
LIBERTY MEDIA CEO’S PAY WAS ABOUT $20 MILLION IN 2017
John Malone’s Liberty Media has disclosed that president and CEO Gregory Maffei’s 2017 compensation amounted to $19.8 million, up 17 percent from $16.9 million in 2016. His pay compared with $12.1 million in 2015.
CONDE NAST PARENT COMPANY ADVANCE PUBLICATIONS INSTALLS CHIEF LEGAL OFFICER
Advance Publications Inc. (‘Advance’) announced today that Michael Fricklas will join the company as Chief Legal Officer with responsibility for the legal and governmental affairs of Advance at its corporate level and for its operating businesses.
NEWSMAX INSTALLS FORMER FOX NEWS EXEC AS ITS NEW CEO
Newsmax TV has hired former Fox News exec Michael Clemente to serve as CEO. “Michael is one of the most accomplished executives and producers in television and digital news,” said Christopher Ruddy, CEO of Newsmax Media. “It’s an honor for us to have him leading our team.”
MAGAZINE INDUSTRY VET JANICE MIN JOINS MEDIA GIANT NBC-UNIVERSAL AS CONSULTANT
Former Hollywood Reporter top editor Janice Min has inked a deal as a consultant with NBCUniversal Cable Entertainment. Min will advise E! and other female-skewing networks in the role. Min was buzzed about for a number of top media jobs, including Vanity Fair editor.
TEGNA BRINGING SNAPCHAT CONTENT TO LOCAL NEWS PROGRAMMING
Local broadcaster Tegna has partnered with Snap to bring public Snapchat stories to its local news programs. Tegna, which owns TV broadcast stations in 39 markets around the U.S., is working with Snap and display tech platform Tagboard to include relevant public Snapchat videos.
AMAZON INSTALLS CO-HEAD OF TV
Amazon Studios COO Albert Cheng, who served as interim head of the studio following the ouster of Roy Price last fall until Jennifer Salke’s appointment, has been named co-head of television.