WAIT. SAY WHAT NOW?
"A magazine has to be served hot, like a meal"
-WENDY GOODMAN DESIGN EDITOR, NEW YORK MAGAZINE
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ARCHITECTURAL DIGEST GETS SOCIAL MEDIA MAKEOVER
The new AD owes some of its DNA to the 10-month period in 1987 when a
38-year-old British fashion editor named Anna Wintour took over House
& Garden, shortened its title to HG and upended its arm’s length
coverage of stately interiors by showing models romping in chintz,
children — children! — skateboarding, unmade beds and other revolutions.
The similarities are not surprising, given Ms. Astley’s reputation as
Ms. Wintour’s protégée and proxy.
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VIACOM IS EXPECTED TO NAME NEW CEO OF PARAMOUNT PICTURES
Viacom CEO Bob Bakish is expected to name Jim Gianopulos chairman and
CEO of Paramount Pictures, in what would be a triumphant resurrection
for the longtime entertainment veteran after he was unceremoniously
dumped last June from his job atop 20th Century Fox. Viacom is also
heavily courting producer and former production executive Michael De
Luca to be Gianopulos’ top lieutenant.
TIME WARNER IS LAUNCHING A $5 MONTHLY SUBSCRIPTION STREAMING SERVICE CALLED BOOMERANG
As AT&T draws closer to officially taking over Time Warner in a
$85.4 billion deal, the media/entertainment giant is getting ready to
launch a new subscription streaming service called 'Boomerang'.
Boomerang, named after the cable network is a buddy up between sibling
companies Warner Bros and Turner.
THE UK's BBC AND ITV LAUNCHES BRITBOX VIDEO STREAMING SERVICE IN THE U.S.
British media companies BBC Worldwide and ITV Plc launched BritBox in the United States on Tuesday,
a new subscription-based video streaming service that includes iconic
British shows including "Blackadder", "Fawlty Towers" and "East Enders".
BritBox will feature a "Now" category that includes British soaps and
other programs, such as "EastEnders" and "Emmerdale", that can be
streamed a day after their broadcast in the UK.
DON'T FEEL SORRY FOR NY TIMES' TOP EXECS WHO SAW THEIR PAY SHRINK
Who said print is dead? Executives at The New York Times earned millions
last year, despite a volatile print environment. Chief executive
officer and president Mark Thompson took a 43.1 percent cut in total
compensation last year to $4.9 million from $8.7 million in 2015. But,
according to a filing with the Securities and Exchange Commission, his
2016 pay was still higher than his total compensation in 2014, which
amounted to $4.5 million.
SNAP'S BIG BET ON THE RISE OF VISUAL CULTURE
Snap calls itself a camera company. That’s a bit cute, considering that
it only just released an actual camera, the Spectacles sunglasses, late
last year. Snap will probably build other kinds of cameras, including
potentially a drone. But it’s best to take Snap’s camera company claim
seriously, not literally. Snap does not necessarily mean that its
primary business will be selling a bunch of camera hardware. It’s not
going to turn into Nikon, Polaroid or GoPro.
ITS DECISION TIME AT TIME INC
Time Inc. has four options: Sell itself, sell some magazines, take a
private investment. . .or do nothing at all. It's decision time for the
iconic magazine publisher, whose board is evaluating bids this week.
Time's digital advertising growth is promising, but shareholders may be
hoping for a sale.
FORBES' NEW MOBILE SITE HAS TRACES OF THE SNAPCHAT DNA
Forbes.com will look and feel like Snapchat Stories, according to the
company, which announced a new mobile Web experience that loads faster
and adds visual content. The site navigation is designed like an app.
The format, called Cards, takes after Snapchat Stories in that readers
swipe through stories, which display a large image and headline, as well
as video, infographics or quizzes.
WATCH THIS: HEARST CEO STEVEN SWARTZ TALKS STRATEGY
In an interview with Soledad O’Brien , Hearst president and CEO Steven
Swartz talked about his company’s 2017 strategy which includes
acquisitions.
CBS BOSS LES MOONVES SAID TRUMP'S DEREGULATION IS HELPING CBS
CBS’s CEO Les Moonves said Tuesday
that he is feeling optimistic about the future of the world, suggesting
that President Donald Trump’s interest in deregulation opened an
opportunity for the broadcaster. That being said, he seemed wary of
Trump's frequent attacks on the media, with CBS being an occasional
target.
ANOTHER NETFLIX RIVAL iFLIX RAISES $90 MILLION
Iflix, a video-streaming service with customers mostly in Southeast
Asia, raised $90 million in a round led by telecommunications giants
Liberty Global and Kuwait-based Zain to take on Netflix and Napsters in
Africa and the Middle East. The investment will also fund expansions
throughout Asia.
BUZZFEED GOING AFTER CABLE TV NEWS WITH LIVE VIDEO
BuzzFeed News is making an expanded push into the live video news
business, using the aftermath of the 2016 election as a means to try and
take on cable news channels in space. The project, which BuzzFeed News
is calling “First Amendment Live,” is a continuation of BuzzFeed’s live
video effort, but with a particular focus on the swell of democratic
action from both sides of the aisle.
TOP BAUER MEDIA EXEC PASSED OVER FOR THE CEO GIG IS LEAVING TO LAUNCH A NEW VENTURE
In a companywide e-mail on Monday,
Bauer CEO Steve Kotok — a former CEO of Mental Floss and the Week —
wrote, “After 10 years of service to Bauer and five months of invaluable
support to me in transitioning the leadership of Bauer US, Sebastian
Raatz has decided the time has come to realize his dream of launching
his own business.”
-Good MEDIA Morning To You!
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