Hearst in No Rush to Replace Ousted Magazines President
New York Post: Hearst is refusing to search for a candidate to replace ousted magazines president Troy Young in hopes that his temporary successor becomes permanent. Headhunters contacting Hearst to offer their services have all been rebuffed at the behest of CEO...
Conde Nast Mulls Office Move Out of 1 World Trade Center
Variety: Conde Nast is trying to renegotiate or get out of the lease on its headquarters at 1 World Trade Center just six years after moving in. Reps have been quietly touring possible space in New York City and its environs. New York Post: CEO Roger Lynch prefers...
McClatchy Newspaper Sale Nearly Derailed by Major Storm
New York Post: Chatham Asset Management's $312 million takeover of McClatchy was nearly waylaid by tropical storm Isaias. Federal bankruptcy Judge Michael Wiles approved the deal as expected at a remote hearing by flashlight after the power failed in his Westchester...
News Corp Finds Most Value in Digital Real-Estate Ad Firm
Australian Financial Review: News Corp.'s 61.6 percent stake in REA Group is responsible for about 85 percent of its market value. That means the rest of its assets – including the entire transnational newspaper empire – are worth between $1.66 to $3.29 a...
Conde Nast Says Ta-Nehisi Coates to Guest Edit Vanity Fair
Vanity Fair: Vanity Fair editor in chief Radhika Jones announced that Ta-Nehisi Coates is serving as guest editor for the September issue, a special edition exploring art, activism and power in America. "There's no one better suited than Ta-Nehisi to illuminate this...
Vox Media Inks Deal with 100+ Bloggers Over Wage Claims
Bloomberg Law: Vox Media has agreed to settle a lawsuit involving more than 100 SB Nation sports bloggers. Both parties declined to comment on the deal’s terms but said those details will be made public "soon" in a forthcoming motion for preliminary court...
Apple Signs Overall Film, TV Deal with Leonardo DiCaprio
Hollywood Reporter: Leonardo DiCaprio is expanding his relationship with Apple. The actor-producer's Appian Way has inked a first-look film and TV deal with the tech giant. Under the pact, the production company he runs alongside Jennifer Davisson will develop new...
Netflix Ready to Buy ‘Woman in the Window’ from Disney
Deadline: Netflix is finalizing an acquisition deal that will move "The Woman in the Window" out of Disney-owned 20th Century Studios and into a new window, as a global streaming event film. The thriller stars Amy Adams and is directed by Joe...
Disney’s ESPN Arrives on Sports-Heavy Streamer FuboTV
The Verge: ESPN and many other Disney channels are now live on FuboTV. Users should now be able to watch ESPN, ESPN 2, ESPN 3, ABC, ABC News Live, FX, FXX, Disney Channel, Disney Junior, Disney XD, Freeform, National Geographic and more on the streaming...
Google’s YouTubers Eye Subscriptions in Coronavirus Era
Bloomberg: Not long ago, trying to charge viewers to watch your videos on YouTube would have been a career-ender. But a growing breed of YouTube creators are now making most of their income on the site by charging fans...
Microsoft Says Deal to Acquire US TikTok ‘Moving Quickly’
Campaign: Microsoft said it is "moving quickly" on a deal with TikTok's Chinese parent company ByteDance to buy its US operations. The proposed deal aims to keep the video-sharing platform alive in markets where governments have serious security concerns over user...
Facebook Leases Massive Former Post Office in New York
New York Post: Facebook closed on a long-awaited deal for 730,000 square feet at the Farley Building, the former post office site between Madison Square Garden and the Hudson Yards district. Skeptics doubted Facebook would go ahead with the deal in the midst of the...
Twitter Warns of $250 Million FTC Fine Over Data Misuse
CNBC: Twitter disclosed that it expects to lose as much as $250 million for using personal information users provided for security purposes to target advertising instead, after receiving a draft complaint from the Federal Trade Commission. "The matter remains...
Snap Adds Songs to Videos in Deal with Music Companies
Bloomberg: Snap is introducing a new feature that lets customers add music to their posts within Snapchat, creating a way for young people to share songs with friends and a new promotional tool for the music industry. Snap will roll out a test of the product in New...
Comcast’s NBC News Takes ‘Meet the Press’ to Streaming
Variety: Chuck Todd will launch a weekly political program on both NBC News Now and Peacock in September, just in time to dovetail with what is likely to be rising interest in the 2020 presidential election. Todd will also start anchoring programming around big...
ViacomCBS Plans Return of Soap ‘Young and the Restless’
TV Line: CBS daytime drama "The Young and the Restless" will be back on air with new episodes beginning Monday, Aug. 10. Daytime’s No. 1 soap ran out original episodes in late April; since then, CBS has been filling the void with vintage...
Discovery’s Shark Week Lures Big Sponsors in 32nd Year
Multichannel News: Even in the middle of a pandemic, Discovery can count on Shark Week to deliver sponsors. In its 32nd year, Shark Week has attracted new sponsors including Jeep, Heineken 0.0, Nationwide, Burger King, Home Depot, Modelo, Gorilla Glue and Cooper...
Fox Corp’s News Channel Dominates Summer TV Viewing
Forbes: Since June 1, Fox News Channel has been not just the most-watched cable news network, but the highest-rated network in all of television, with an average prime-time audience of 3.451 million. Neither CNN nor MSNBC has managed to deliver audiences as...
Lupa Systems, from Murdoch, Wins OK for Stake in MCH
Art Net: Shareholders of Art Basel's parent company, MCH Group, have agreed to a much-discussed cash infusion from James Murdoch. The proposed investment, about $80 million, will make Murdoch the Swiss company’s new “anchor...
McClatchy in Deal to Clear Proposed Sale to Hedge Fund
McClatchy DC: McClatchy and Chatham Asset Management told a federal judge that they have reached a tentative agreement with less-protected creditors on a deal that removes opposition to the sale of the company and clears the way for an exit from...
Gannett’s USA Today to Republish Stories from New 19th
USA Today: The 19th, a new women-based, nonprofit newsroom, will report on topics such as gender, politics and policy. USA Today and Univision are partnering with the 19th for the launch. The USA Today Network will regularly republish the stories across its...
Axel Springer’s Business Insider Plans 2021 Office Return
@maxwelltani: Business Insider told staffers that the company will not require employees to return to their offices until July 2021. "This might be the first media return-to-work date I actually believe. I still think about how a lot of media said in early March that...
Conde Nast Unites 26 Vogues for First Time on Hope Issue
Fashionista: For the first time ever, all 26 global versions of Vogue are coming together under one editorial theme for their September/October 2020 issues. Entitled "Hope," the global collaboration will feature a portfolio of artwork and photography curated by the...
Meredith Unveils Audience-Targeting Service with Kroeger
Adweek: Meredith is launching a new audience-targeting service with the analytics arm of Kroger, America’s biggest grocer. The service lets brands use Kroger’s first-party sales data to advertise across Meredith’s suite of publications. The hope is to offer brands...
News Corp’s Murdoch Son Sends a Message in Shock Exit
Sydney Morning Herald: James Murdoch's resignation from the board of News Corp. on Friday made clear to the world that his departure was not an amicable separation, but a fundamental rejection of the company's direction. "My resignation is due to disagreements...
Disney Veteran to Replace Conde Nastie After Tweet Flap
WWD: Conde Nast is replacing Oren Katzeff as president of its entertainment division. Disney executive Agnes Chu will join the company in September and report to CEO Roger Lynch. The move comes just weeks after a number of Katzeff’s offensive tweets were...
Comcast Probes NBC Boss Amid Misconduct Accusations
Hollywood Reporter: Current and former employees allege that NBC Entertainment chairman Paul Telegdy engaged in racist, sexist and homophobic behavior. Sources say they have seen Telegdy make sexual comments about the appearance of network...
ViacomCBS Adds Quarantine Videos to MTV Awards Show
Associated Press: It’s raining nominations for Lady Gaga and Ariana Grande’s “Rain on Me” at the 2020 MTV Video Music Awards, which will present new categories focused on live performances and music videos created at home during the coronavirus...
Netflix Enters Landmark Deal with TV Producers in Britain
Deadline: Netflix has invested in "Black Mirror" creators Charlie Brooker and Annabel Jones’ new production outfit Broke And Bones in a first-of-its-kind deal for the streamer in the UK, which could ultimately see it take full control of the company for around $100...
Amazon’s Bezos Buys a Beverly Hills Home for $10 Million
Daily Mail: Jeff Bezos has forked out $10 million for a Beverly Hills home located right next door to the $165 million compound he purchased in the area back in February. Real estate records show the Amazon chief snapped up the home in an off-market deal in...