WAIT... SAY WHAT NOW?
"Steve’s
vision for Apple stretched far beyond his time with us. He intended
Apple Park to be the home of innovation for generations to come"
APPLE CEO TIM COOK ON THE NEW APPLE PARK CAMPUS
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HERE IS WHY APPLE IS NOT BUYING NETFLIX
Apple is a potential buyer that comes up every so often, and it did so
again in a CNBC article last night. Anita Balakrishnan's piece argues
that the "best argument" for Apple buying Netflix is that App Store
spending on entertainment programs is soaring, and the consumer tech
giant may as well nab the top dog to beef up its growing services
revenue. Don't wait up for a wedding invitation.
TIME WARNER CEO JEFF BEWKES SOLD 172,932 SHARES OF STOCK
Time Warner Inc. Chairman Jeffrey L. Bewkes sold 172,932 shares of the
stock in a transaction that occurred on Tuesday, February 21st. The
shares were sold at an average price of $96.39, for a total transaction
of $16,668,915.48. Following the completion of the sale, the chairman
now directly owns 699,379 shares of the company’s stock, valued at
approximately $67,413,141.81. The transaction was disclosed in a filing
with the SEC, which is available through the SEC website.
SNAP INC INSTALLS ADOBE VP TO LEAD ITS RESEARCH GROUP
Snapchat parent company Snap Inc. has found a new executive to lead a
significant expansion of its Snap Research group: San Francisco-based
computer scientist David Salesin, a computer graphics star and former
University of Washington professor who has worked at Adobe Research for
the past eleven years. The appointment, which comes as Snap preps for
its upcoming IPO, hasn’t been publicly announced by the Venice,
Calif.-based company.
NEW YORK TIMES NAMES EDITOR TO LEAD DAILY ONLINE AND PRINT COVERAGE
The New York Times on Wednesday is adding the third woman in three weeks
to the newsroom’s highest ranks, as the company continues to shake up
its top leadership. Alison Mitchell, who oversaw the paper’s daily news
report through the presidential election, will become an assistant
editor on the masthead. Along with Matthew Purdy, a deputy managing
editor, she will steer the daily online and print coverage, including
selecting articles for the front page.
FORBES SAID ALMOST HALF ITS WEBSITE VISITORS ARE MILLENNIAL
While Forbes magazine publishes 15 times a year, the Forbes website sees
about 56 million visitors a month. Nearly half are considered part of a
millennial demographic. More than 50 percent, and sometimes up to 70
percent, of digital readers come from mobile devices.
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AD REVENUE AT TRONC DIVES ALMOST 14% BUT COMPANY STILL MADE A PROFIT
The company’s revenue, like other newspaper chains, was down in Q4 - in
this case, 6.9 percent. Ad revenue fell 13.7 percent, a bit more than
some newspapers have reported. But it improved its bottom line thanks to
a 14.2 percent reduction in expenses. That reduction was achieved
though headcount reductions, of course.
WILL SNAP INC'S HEADQUARTERS BE AN ISSUE FOR INVESTORS?
Snap's headquarters are unlike those of any other company. It's a
handful of low-slung buildings scattered across the expensive real
estate landscape of Venice, California. The main office is a stone's
throw from Venice's famous boardwalk, teeming with tourists and joggers,
and just a bit further from the surf. The offices make up more than
300,000 square feet across buildings...
JOURNALISTS CALL ON FACEBOOK, GOOGLE AND OTHER TECH GIANTS TO FUND JOURNALISM
What independent journalism needs more than ever from Silicon Valley is a
significant transfer of wealth. Publishers agree with this notion,
although the loudest proponents are often those who would benefit the
most from it. It is not necessarily enough just to re-energize existing
institutions (although the involvement of Jeff Bezos and his money at
The Washington Post has been, from a civic and journalistic point of
view, wholly beneficial). Mark Zuckerberg has a taste for grand gestures
and “moon shots,” in Valley parlance. Now, he has a chance to make a
generational intervention which will dramatically improve the health of
America’s journalism.
FORMER JOURNALIST TURNED HEAD OF FACEBOOK NEWS PARTNERSHIPS CAMPBELL BROWN LOOKS TO SMOOTH THINGS OVER WITH THE MEDIA
Facebook’s new head of news partnerships, Campbell Brown, is seeking to
mend the company’s relationship with the media through a series of
off-the-record get-togethers at her Tribeca home. Over food and drinks
on Jan. 24, Brown hosted a roundtable of top editors and executives at
prominent US news outlets, including the New Yorker’s David Remnick, the
New York Times’ Andrew Ross Sorkin, Vox’s Melissa Bell, and USA Today’s
Joanne Lipman.
AWESOMENESS TV BOSS IS STEPPING ASIDE
Brian Robbins, the founder and CEO of teen/tween video network
AwesomenessTV, is leaving the company. In a memo to his staff, Robbins
says Brett Bouttier, Robbins’ lieutenant, will stay on and run
AwesomenessTV. Robbins’ announcement comes after months of industry
speculation about his future, and it comes after AwesomenessTV’s
complicated ownership structure appears to be settled.
THE FINANCIAL TIMES LOOKS TO CUT 20 EDITORIAL JOBS AS PRINT CONTINUES TO COLLAPSE
The Financial Times, the salmon-colored newspaper bought by Japan’s
Nikkei Inc. in 2015, is eliminating 20 editorial jobs globally through
attrition to cut costs as print revenue declines, according to people
familiar with the matter. The newspaper is offering a handful of
voluntary buyouts and won’t replace some people who are leaving, which
will cause headcount to shrink, said Kristina Eriksson, an FT
spokeswoman, in an e-mailed statement. The Financial Times has about 600
editorial staff worldwide.
DISNEY BUYS 3D DOLL PRINTING START UP MAKIELAB
MakieLab, a London-based startup that 3D printed and sold custom dolls,
has officially shuttered, with a partial exit to Disney. TechCrunch
understands that the U.S. entertainment company acquired MakieLab’s tech
and assets as early as July last year, a story that I have tried but
failed to nail down ever since. Until now, that is.
TIME WARNER AND CNN BEING TARGETED BY RIGHT WING OPERATIVE
Project Veritas head James O’Keefe announced on a radio show that he is
targeting the mainstream media, specifically CNN, in his newest set of
leaks. Speaking on Sean Hannity’s show, O’Keefe claimed he has “hundreds
of hours of tape” that he will be releasing “Wikileaks style” on Thursday.
TWITTER KEEPS BLEEDING EXECUTIVES
Twitter can’t seem to stop the management bleeding, which is
complicating its attempts to pull off a turnaround after a tough year of
layoffs and sinking share price. Its head of entertainment talent, Lara
Cohen, a major figure leading partnerships with content creators, left
the company.
WASHINGTON POST HAS A NEW SLOGAN
In an era in which the U.S. president refers to the media as “the enemy
of the American people,” the Washington Post is reinforcing its mission
statement to remind its audience what journalism really stands for. The
new catchphrase, “Democracy Dies in Darkness,” appeared last week.
-Good MEDIA Morning To You! Don't forget to share this morning's issue with colleagues and friends.
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