TIME INC OPENING UP ITS BOOKS TO SUITORS
Time Inc. is expected to begin meeting with parties that have put in
nonbinding offers for the magazine company and provide them access to
financial data. The parties that have expressed interest aren’t just
interested in buying the whole company. Some may want to buy certain
properties or just make an investment.
WHY DID SNAPCHAT QUIETLY PAY AN EX EMPLOYEE $157 MILLION?
Snapchat employee Reggie Brown, who claimed he came up with Snapchat's
disappearing-photo idea and filed a lawsuit against cofounders Evan
Spiegel and Bobby Murphy after he was forced out of the company, was
quietly paid a total of $157.5 million to settle. Snapchat issued a
press release in September 2014 announcing the settlement.
BLOOMBERG TELEVISION'S GLOBAL 'DAYBREAK' MORNING SHOW LANDS IN AUSTRALIA
"We are stepping up our focus on critical market-moving news in
Australia as it is a key part of the global market and kicks off the
Asia-Pacific trading day," said Al Mayers, Global Head of Bloomberg
Television and Radio. "By launching Daybreak in Australia, we are not
only providing our audience with timely, compelling content, but we are
further leveraging our unparalleled journalistic resources in the
country. Our anchors are working seamlessly around the world to provide
live Daybreak programming across our media hubs in New York, London,
Dubai, Hong Kong and now Sydney"
MTV NEWS EDITORIAL STAFFERS PLAN TO UNIONIZE
The editorial staff of MTV News plans to unionize wit the Writers Guild
of America, East, citing having to cover the Trump administration as
part of the reason. WGAE cited a letter from MTV News that said: “Under
the new Trump administration, we are acutely aware of how much we need
legal protection.”
TWITTER IS THINKING ABOUT BRINGING IN USERS AS OWNERS
Despite unbridled use by the President of the United States; despite
being used the world round to mobilise protests and marches - to
distribute news, to interact and advertise - it looks like it’s in
trouble. Awareness of it has never been higher and yet,
Twitter isn’t making a profit.
HEARST'S ESQUIRE MAGAZINE IS MUCH BIGGER WITH A NEW LOGO
The March issue of Esquire, complete with a redesign, is the first that
fully shows new editor Jay Fielden’s vision for the magazine. The cover
subject is not a chiseled hunk, but James Corden, the host of CBS’s
“Late Late Show.” “There’s no cigar smoke wafting through the pages,”
Fielden said, “and the obligatory three B’s are gone, too — brown
liquor, boxing and bullfighting.”
-Good Morning