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VIACOM'S STOCK COULD JUMP 40%
Shares of Viacom Inc could rise 40 percent in the next year as the New
York-based media company's new CEO Bob Bakish focuses on its Paramount
Pictures studio and a handful of its networks to turn the business
around. Viacom, which is controlled by 93 year-old media mogul Sumner
Redstone and his daughter Shari Redstone, has been enmeshed in turmoil,
which resulted in the resignation of its former CEO Philippe Dauman.
FORMER SEVENTEEN MAGAZINE EDITOR ANNE SHOKET'S GUIDE FOR MILLENNIAL WOMEN
A book had long been on the table, and Ms. Shoket decided it was time to
write it. But before she did, she wanted to brush up on the topics that
matter to women in their 20s and 30s. So about a year ago, she decided
to host a dinner with a few of them.
PUBLISHERS SKEPTICAL OF MEDIUM'S NEW SUBSCRIPTION MODEL
This week, two months after denouncing web advertising, Williams
unveiled Medium's new plan to monetize content: A subscription service
for $5 per month that gives contributors an improved reading experience,
exclusive stories and a "personal, offline reading list." The
initiative includes a partner program whereby publishers can pitch
stories to Medium that the company will fund on a per-story basis. For
publishers who were relying on Medium's revenue beta, the partner
program represents a potential new revenue stream.
WARNER BROS CEO INTERVIEWED FOR THE TOP MEDIA JOB AT SONY CORP
Sounds like Sony Corp. Chief Executive Kazuo Hirai is casting a wide net
in talks to replace Sony Entertainment boss Michael Lynton. Warner
Bros. Entertainment CEO Kevin Tsujihara has interviewed for the
position, according to two people familiar with the talks.
BRITISH VOGUE USED INSTAGRAM STORIES TO ADD A MILLION FOLLOWERS IN ONE YEAR
The fashion brand’s U.K. account has doubled to 2 million followers in
the last year, thanks largely to how it has honed its Instagram Stories
and video output since December. Tubular Labs data shows the Instagram
account had nearly 850,000 video views over the month of February. Of
course, fashion weeks across the globe make this a big month in the
industry calendar. The previous months saw the account fetch around
400,000 video views. For Stories, the publisher said it gets around
80,000 views per clip, with Stories usually containing half a dozen
clips.
TIME INC GETTING CLOSER TO SALE
A sale of the entire company is now more likely than not, and may be
reached as soon as the end of next week, the people said, though
discussions could drag into early April. Meredith Corp. and a group
including Pamplona Capital Management and Jahm Najafi are still in the
running to buy the entire business, alongside at least two other suitors
including one publicly listed company.
QUARTZ MADE $1 MILLION IN 2016 AND PLANS TO MAKE EVEN MORE THIS YEAR
Quartz is projecting ‘significantly greater revenue and profits’ for
this year, a company executive said, and plans to invest in further
growth by adding 50 employees at its Chelsea headquarters, bringing its
New York head count to around 180. The company is also looking to create
new editorial products, like the interactive app it launched last year;
get deeper into coverage of artificial intelligence; and expand its
sales and creative services departments. An additional 18 staffers
outside New York will bring the companywide staff to about 270.
FOR MANY IN DIGITAL MEDIA, SCALE IS HARD
There’s been a flood of venture capital into media — an estimated $15.6
billion in venture capital funding was put into digital media deals for
the past three years, up from $4.5 billion the three years prior,
according to research firm Preqin. The expectation is that at least some
of these companies will make it to the $100-plus million revenue
threshold that’s the arbitrary mark of a “scaled” media company.
DISNEY AND NETFLIX'S CEOs AMONG THE WORLD'S BEST
The 30 leaders Barron’s identified as the world’s best CEOs have
demonstrated an ability to outperform. A massive box office take for
“Beauty and the Beast” showed that Bob Iger remains a hit maker.
Meanwhile, Reed Hastings has been a sublimely calm disrupter of
traditional media empires.
HEARST TV BRINGS ON 'TWITTER MOMENTS' CHIEF TO LEAD DIGITAL CONTENT
Andrew Fitzgerald, who has been heading the team behind Twitter’s
Moments feature, is leaving to become Hearst Television’s new chief
digital content officer. At Hearst, Fitzgerald is now going to be in
charge of producing content for multiple digital platforms.
COULD SNAPCHAT TOP YAHOO, TWITTER AND AOL WITH ADVERTISERS?
Snapchat could become more popular with advertisers than Twitter, Yahoo and AOL within three years,
with the messaging app company forecast to bring in revenues of more
than $3 billion a year before the end of 2019. That bullish forecast is
based on advertisers targeting the youth audience.
HEARST MAGAZINES BUDDIES UP FOR ELLEDECOR.COM SHOPPING VENTURE
Elle Decor and e-commerce design resource Dering Hall have teamed to
bring two new features to ElleDecor.com, allowing readers to purchase
home decor items, as well as access a directory to industry
professionals and companies. Elle Decor Shopping officially launches April 15.
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Reviewed by Editor
on
Monday, March 27, 2017
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