GANNETT HAD TO ABANDON ITS BID FOR TRONC BECAUSE OF THE DECLINING HEALTH OF BOTH COMPANIES: Gannett
broke off talks to acquire Tronc, owner of the Los Angeles Times, the
Chicago Tribune and other papers, for about $1 billion after bankers on
the deal reportedly got jittery over the declining health of the two
newspaper titans. The news sent Tronc’s shares reeling, falling about 20
percent before recovering a bit at the close, where it ended down 12.4
percent, at $10.54.
DISCOVERY COMMUNICATIONS GOES ALL IN ON SPORTS STREAMING: Discovery
Communications is doubling down on streaming sports. The factual
programming giant run by Chief Executive David Zaslav
on Tuesday
announced that it had formed a European joint venture with BAMTech, the
technology arm of Major League Baseball Advanced Media, to stream the
media company’s sports programming across the Continent.
SPORTS ILLUSTRATED AND FOX SPORTS BUDDY UP ON FACEBOOK LIVE VIDEOS: Fox
Sports and Sports Illustrated’s digital team-up includes the
co-production of original videos for Facebook and other social
platforms. Ahead of the sixth game of the World Series, Fox Sports
streamed the sixth episode of a Facebook-only pregame show called “Live @
the World Series.” Hosted by reporters Ken Rosenthal and Tom Verducci,
the 20-minute episode also included a segment with Fox Sports’ TV
pregame crew of Alex Rodriguez
VOX MEDIA'S THE VERGE RELAUNCHES: Our
new design system is called Pathways, and it’s built to scale from
elements on a web page to motion graphics in videos to physical
structures at events. It’s made to pop with bright colors and
illumination; I think it looks like a neon sci-fi dream. We’ve also
updated our main typefaces, from DIN Condensed to Heroic, and from
Adelle to Adelle Sans — refinements that work better on small screens
and improve our overall legibility while preserving the character of our
brand.
TIME INC MOVING THE LAST OF ITS EMPLOYEES OUT OF MIDTOWN, OFFICIALLY ENDING ITS PRESENCE THERE AFTER ALMOST 60 YRS: Time
Inc. is finally leaving midtown Manhattan. The company will vacate an
office space at 135 West 50th Street "before the end of the year," a
company spokeswoman confirmed to Ad Age. Last year, Time Inc. left the
iconic Time & Life Building in Rockfeller Center for a shiny new
office downtown. At the time, it was reported that "about 400 people"
would be moving nearby to the office at 135 West 50th,
PUBLISHERS SEEING THE NEWSLETTER LIGHT! Publishers
that treated email as its own animal saw benefits including massive
boosts in traffic and upticks in digital subscribers. Even
millennial-focused BuzzFeed saw email become a major source of traffic,
outpacing social hubs like Twitter and Pinterest.
THOMSON REUTERS IS ELIMINATING 2,000 PEOPLE FROM ITS PAYROLL: It’s
about simplification and taking out bureaucracy and taking out layers
all of which have added complexity and slowed us down.These actions are
not driven by any reaction to market conditions or in any way coming on
the back of underperformance.
SO WHAT EXACTLY IS BUSINESS INSIDER'S MONTHLY TRAFFIC?
Business Insider has disputed a ComScore estimate of its audience reach
suggesting that its monthly reach was just 100m, by publishing its own
breakdown of the figures showing a monthly audience of 328m. The huge
discrepancy is being attributed to the publisher’s pursuit of audiences
beyond its own website
FOX AND DISNEY WILL BE PART OF HULU'S UPCOMING STREAMING TV SERVICE: The
video platform said it signed agreements with 21st Century Fox and The
Walt Disney Company to include Fox entertainment, news, sports and
non-fiction programming, in addition to Disney/ABC Television Group and
ESPN content, on its upcoming service. The over-the-top (OTT) offering,
meaning the content is distributed digitally, is slated to launch in
2017.
IS ARTIFICIAL INTELLIGENCE THE FUTURE OF MOBILE ADS? Mobile
has become the new pathway for consumers to find brands — and it is
moving past the traditional social media app. Advertisers will
increasingly use mobile to connect next year using chatbots, other
artificial intelligence-enabled platforms like Apple's Siri or Amazon's
Alexa and messaging apps
AD REVENUE FALLS 11 PERCENT FOR TRONC: The
newspaper company that was formerly known as Tribune Publishing,
continues to see revenues fall, down 6.8 percent in Q3. Advertising
revenue fell 10.9 percent. For the third quarter, tronc reported a net
loss of $10 million, though adjusted net income when you take out
charges, was $8 million. That was probably better than some expected.
FACEBOOK IN HOT WATER AGAIN OVER ITS "ETHNIC AFFINITY" AD TARGETING: The
social media behemoth has been in all sorts of trouble over the last
few months, from flagging iconic war images as ‘inappropriate’ to
allowing Trump’s campaign to discourage black Americans from voting
through targeted ads. This has led to revelations about others abusing
Facebook’s advertising tools, with a ProPublica article kicking off a
debate about whether the ability to target ads by race is moral or even
legal.
TIME INC'S PEOPLE LAUNCHES 'AMERICAN DOERS' A NEW 12 PART VIDEO SERIES: AMERICAN
DOERS, a new 12-part video series on Time Inc.’s People.com sponsored
by Advil, premieres Tuesday, November 1 at 10 am ET featuring original
thinkers, innovators, craftspeople, risk-takers and artisans across the
United States. AMERICAN DOERS sets out to prove that despite all the
negative news, America is still the land of opportunity for anyone with
an idea and a dream. These gutsy, resourceful, and tenacious individuals
are today’s true pioneers who risk everything in their pursuit of
success and the American dream.
CONDE NAST AND TIME OUT ARE OPENING RESTAURANTS, HERE IS WHY: Publishers
are increasingly opening up their own bars, cafés and restaurants as
they look to branch out amid declining print circulation
figures. Take Condé Nast, for example. It recently launched a string of
up-market international cafés, clubs and bars using its magazine brand
names. So far, it has launched a Vogue pop-up café in
VIACOM'S NEW INTERIM CEO WILL GET TWO SALARIES:
Viacom Inc.’s Bob Bakish will enter the job as acting chief executive
officer with a minimum $12 million target annual compensation while the
board weighs a potential deal with CBS Corp. Bakish will receive an
annual salary of $2.5 million or $500,000 monthly, whichever is greater,
as acting CEO, according to a regulatory filing from the New York-based
company. The board also granted him a separate $2.75 million salary in
his capacity as head of Viacom Global Entertainment Group.
NETFLIX IN OFFLINE MODE IS COMING, BUT NOT FOR U.S USERS:
Netflix is working on a feature that will let you watch movies while
not connected to the internet, but the company's biggest market of the
U.S. might not be the first to receive the update.
DISNEY IS LOOKING FOR A NEW CEO: As Disney
CEO Bob Iger’s scheduled retirement date looms closer, the
entertainment giant’s search for his replacement remains low-profile.
It’s been seven months since heir apparent Tom Staggs’s abrupt
departure. Top executive recruiting firms say they haven’t been hired by
Disney.
INSTAGRAM NOW LETS USERS BUY PRODUCTS FROM SELFIES VIA SHOPPABLE PHOTOS: Instagram
wants to make it even easier for users to find and purchase products by
letting retailers showcase up to five items that are clickable in a
single post. The firm is set to test “shoppable photos” from 20 retail
brands display a specific product’s price, description, additional
photos and provides a “shop now” button to buy it on the web.
NEW YORK TIMES WILL PUMP OUT 360 VIDEOS EVERY DAY: The
New York Times has launched a new video project dubbed the Daily 360,
with the goal of releasing at least one 360 degree video every day.
Videos will be made available via the paper’s website, its mobile apps
as well as its virtual reality apps and Samsung VR, the video service
formerly known as Milk VR that’s exclusive to Samsung’s Gear VR headset.
-Good Morning
Reviewed by Editor
on
7:00 AM
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