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Hulu Transforms Into Key Strategic Asset for Old Media

The Ringer: A confluence of factors has turned Hulu from a Netflix also-ran to a key strategic asset for Disney and (for now) NBC. Netflix is going all in on original content and abandoning many of the licensed shows that first made its streaming service popular,...

Google’s YouTube Suspends Star — Doesn’t Shut Door

Associated Press: YouTube has suspended a star who posted video images of what appeared to be a suicide victim but said Saturday that doesn’t mean it won’t work with him in the future. YouTube chief business officer Robert Kyncl said there’s no timetable for when...

Snap Plans Major Snapchat Push Into Scripted Originals

TheWrap: Snapchat’s second attempt at scripted original content is coming sooner rather than later, Snap VP of Content Nick Bell said during a panel at the Television Critics Association conference on Monday. “It’s imminent… our preference is to get it...

MediaLink Invites Media Power Players to Dinner at CES

New York Post: Top entertainment power players gathered at ­MediaLink’s annual dinner at CES in Las Vegas, where Grammy-nominated singer James Bay performed. At the event co-hosted by Conde Nast and Universal Music Group were Michael Kassan, Bob Sauerberg, Shari...

Facebook News Feed Change is ‘Good News’ for Media

Digiday: The warnings have been years in coming. Ever since Facebook surpassed Google as the top traffic referral source in 2015, publishers have seen Facebook send less and less traffic to their sites as it’s made tweak after tweak to its formula to favor users’...

News Corp’s WSJ Says US Warned About Murdoch’s Ex

Wall Street Journal: U.S. counterintelligence officials in early 2017 warned Jared Kushner that Wendi Deng Murdoch could be using her close friendship with Kushner and his wife, Ivanka Trump, to further the interests of the Chinese...

Tronc Mulls Moving Los Angeles Times to Santa Monica

San Diego Reader: Tronc is encountering resistance from Los Angeles Times staffers, worried about putative plans to move the newspaper from downtown L.A. to somewhere in the metro area's upscale western reaches. "Santa Monica, Playa del Rey (perhaps Playa Vista) have...

Hearst to Lay Off 145 Rodale Staffers, Drop Rodale Name

New York Post: There will be 145 people laid off at Rodale, the Emmaus, Pa., publisher of Men’s Health, Women’s Health, Runner’s World and other titles recently acquired by Hearst. New York-based Hearst closed the deal on Jan. 2, but the pink slips did not begin...

Conde Nast Stops Working with Photogs Testino, Weber

New York Times: Conde Nast began working in late October on a code of conduct that will go into effect this month. Separately, in response to allegations of sexual harassment and abuse from male models against the photographers Bruce Weber and Mario Testino, Conde...

Meredith to Complete Time Inc Purchase Within 30 Days

Des Moines Register: Meredith has cleared a regulatory hurdle, which allows it to move forward with its $2.8 billion purchase of Time Inc. The Des Moines publisher announced Friday afternoon that the transaction had received approval from the Federal Trade...

Time Inc Plans for Exec Bonuses Ahead of Meredith Buy

Axios: Time Inc. has decided to pay out $2.4 million in cash bonuses to top execs, in what appears to be in direct opposition to previously-approved compensation plans. The bonuses are sure to stick in the craw of rank-and-file who are worried about losing their jobs...

Conde Nast Former Editor Invests in ‘Instagram of News’

New York Times: Graydon Carter, the former editor of Vanity Fair, is exploring new ventures, the first of which debuted Monday. Zig, an app that aims to simplify users' consumption of news, resembles an Instagram of news: a feed of photographs culled from stories...

BuzzFeed, Refinery29 Rank as Favorites with Millennials

MediaPost: Nielsen Digital Content Ratings revealed where views are going for top digital brands, like BuzzFeed, Group Nine, Mic and Refinery29, including top video performers and those attracting the biggest millennial audiences. The data revealed that of readers who...

Penthouse Global Media Files for Chapter 11 Bankruptcy

Los Angeles Times: Penthouse Global Media, the company behind the legendary adult magazine created five decades ago by Bob Guccione, has filed for Chapter 11 bankruptcy protection. The filing represents the latest setback for the publisher, which has been struggling...

Guardian Newspaper Reformats as Tabloid to Cut Costs

BBC News: The Guardian has launched its new look as a slimline tabloid newspaper. The reformatting is part of a drive to cut costs at the paper, which last year made a loss of £38 million. Previously, the paper was a hybrid between a broadsheet and a tabloid, called a...

Nikkei’s Financial Times Extols Power of Online Paywalls

Fast Company: Late last year, the Financial Times reached a big milestone: It exceeded 900,000 paying subscriptions, both print and digital. That’s no small feat for a media company that, like all other media companies, is facing the constant perils and headwinds of...

News Corp’s WSJ Earns a ‘Fake News’ Tweet from Trump

Associated Press: President Trump is disputing a quote attributed to him during a newspaper interview about relations with North Korea’s leader. The Wall Street Journal on Thursday quoted Trump as saying: “I probably have a very good relationship with Kim Jong...

Disney’s Takeover Spreads Unease at 21st Century Fox

Financial Times: An unease has settled over 21st Century Fox since Rupert Murdoch announced the $66 billion sale of the company’s entertainment assets to Disney last month. There are fears at Fox that the creative execs responsible for identifying the best material...

Netflix Forecast to Become Second-Biggest Media Giant

CNBC: Netflix's original content success will boost its financial results, according to one Wall Street firm. Barclays initiated coverage for Netflix shares with an overweight rating, predicting strong subscriber and revenue gains for the next few years. "It could...

Facebook to Emphasize Friends, Not News, in News Feed

Reuters: Facebook on Thursday began to change the way it filters posts and videos on its centerpiece News Feed, the start of what CEO Mark Zuckerberg said would be a series of changes in the design of the world’s largest social network. Zuckerberg said the company...

Google Plans to Vet Premium Video Content on YouTube

Bloomberg: Google is planning a new push to vet top-tier YouTube videos that it bundles for major advertisers, moving to address resurgent concerns that inappropriate content is being shown alongside brand messages. The new approach will be applied to videos that are...

Verizon Hones Content Strategy with New Video Service

TechCrunch: Verizon is working on new services that will see it once again try to grow business beyond basic broadband and mobile connectivity. The carrier is planning an "over the top" content offering, focusing on packaging video content in “channels” that could...

CBS All Access Streaming Service Still Suffers Glitches

The Verge: Despite its name, CBS All Access doesn’t actually provide that much access, even to the network’s own library. "The Big Bang Theory" remains CBS’s biggest hit, but only 12 episodes of the comedy’s 11 seasons are currently available to stream. Plus, video...

Comcast’s NBC Eyes Record Ad Haul from Super Bowl

New York Post: Despite ratings softness during the regular NFL season, NBC expects Super Bowl LII to set a single-day record for ad revenue by a media company. NBC Sports EVP Dan Lovinger said the record proceeds would be driven by the $5 million price tag for a...

Time Warner’s HBO Signs Three-Year Deal with Farrow

Hollywood Reporter: Ronan Farrow has finalized a three-year deal with HBO to commence later this year. Farrow will develop and front a series of investigative documentary specials for HBO. He also will produce topical pieces for HBO's other platforms. The deal comes...

Young Turks Digital Network Names Media Pro President

Variety: Deanna Brown, a 30-year media and digital-content veteran, has joined TYT Network as the company’s first president. Brown, along with TYT Network founder and CEO Cenk Uygur, will lead the strategic direction for all business initiatives and work to set...

iHeartMedia Inks Partnership with Pay Service MoviePass

Seeking Alpha: MoviePass has signed a media partnership with iHeartMedia on an extensive marketing campaign across the radio giant's multiplatform network. The partnership aims to boost MoviePass brand awareness and allows iHeartMedia to be an authorized reseller of...

Hearst Gripe Moves Fox to Cancel Film About Patty Hearst

Associated Press: 20th Century Fox Film says it is canceling the studio’s planned movie based on Jeffrey Toobin’s Patricia Hearst book “American Heiress.” The studio announced the decision after Hearst issued a statement condemning the project and Toobin’s book, which...

News Corp Sees Costs Rise from Phone-Hacking Scandal

Telegraph: News Corp.'s UK unit has seen a sharp increase in costs relating to phone hacking. The 2017 bill for compensation, legal fees and other matters related to the scandal topped £50 million, compared with £30 million a year earlier. Dozens of phone hacking...

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