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Wednesday, 12/5/12  
Recent Headlines Media news by sector GO TO: MAGAZINES & NEWSPAPERS TELEVISION & RADIO INTERNET & DIGITAL MEDIA ADVERTISING & MARKETING MEDIA COMPANIES MAGAZINES & NEWSPAPERS The Daily iPad Newspaper Attracts Internet Obits Associated Press It was too expensive. It lacked editorial focus. And for a digital publication, it was strangely cut off from the Internet. That's the obituary being written in real time through posts, tweets and online chats about The Daily, the iPad newspaper that is being shut down this month. NY Post, UK Sun Hussein Photo Scandal Heats Up Daily Beast In an explosive intervention during a British House of Commons debate about the Leveson proposals, the campaigning Labour M.P., Chris Bryant, added more details of the allegations that News Corp. paid U.S. service personnel for photos of Saddam Hussein in his underpants. Telegraph Journos to File News from Mobile Phones Journalism.co.uk The homepage of the U.K. Telegraph newspaper has unveiled a "significant upgrade," including a new design. Further steps in development will give the homepage templates for "live articles." Reporters will be able to file copy for stories in the template from their mobile phones. Vogue's Wintour Eyed by Obama for Ambassador Bloomberg President Obama is considering nominating Anna Wintour, editor-in-chief of Vogue, as his next ambassador to either the U.K. or France, as he looks to reward big fundraisers. A spokeswoman for Vogue said Wintour isn't interested. "She's very happy with her current job." Conde Nast Traveler to Launch Edition in China WWD Seeking to capitalize on the high-spending Far Eastern tourist, Conde Nast International plans to launch Conde Nast Traveler in China. The group will partner with Women of China Media, a top journalistic agency in China, to publish the magazine and create branded digital products. Gawker Media Buys Site Targeting U.S. Hispanics Business Insider Gawker Media is making moves to grow its international business. The website publisher recently acquired Guanabee, a site similar to Gawker but focused on the U.S. Hispanic market. The goal is to grow international revenues to 20% of its total in the next five years. Mashable Goes All-In On Social With Site Redesign Folio With social and mobile traffic gaining greater shares of web engagement, Mashable has unveiled a redesign and relaunch of its website, which specifically leverages those two platforms. The tech news site's new look features a content layout driven primarily by social activity. Playboy's Hefner Preps New Year's Eve Wedding TMZ Playboy mogul Hugh Hefner has become engaged (again) to Crystal Harris, according to TMZ. "The two will walk down the aisle at the Playboy Mansion on New Year's Eve. The couple have worked out all their previous problems and decided they want to get married again." Martha Stewart Near $2.5 Million Sale of Whole Living Wall Street Journal Martha Stewart Living Omnimedia is said to be in talks to sell its Whole Living magazine for about $2.5 million to former execs of Hachette. The company announced earlier this month that it was putting the title up for sale and would move Everyday Food magazine mostly online. New York Times Seeks 30 Buyouts from Newsroom New York Times The New York Times has announced that it would offer buyout packages to newsroom employees. Top editor Jill Abramson said she was seeking 30 managers to accept buyouts. "There is no getting around the hard news that the size of the newsroom staff must be reduced." Clarity Media to Acquire Top Colorado Newspaper Denver Business Philip Anschutz's Clarity Media has acquired the Colorado Springs Gazette, Colorado's second-largest newspaper. The Denver billionaire's company said it plans to increase the editorial staff and coverage, as well as expand the Gazette's website and online services. Time Inc Chief Blames Google for Industry Woes New York Times John Huey, editor in chief of Time Inc., will step down from his position at the end of the year. Huey said he won't miss the post, partly because the job now has brutal aspects. "There were a lot of rough patches. Google sort of sucked all of the honey out of our business." Conde Nast Invests in Netflix for Designer Clothes TechCrunch Rent The Runway, a "Netflix for designer clothes," has raised $20 million in funding led by Conde Nast. The site allows women to rent designer clothes and accessories at marked down prices. Bob Sauerberg, president of Conde Nast, will join Rent the Runway's board of directors. Rodale Moves Into E-Commerce as Execs Depart Crain's New York Over the past two years, some two dozen senior Rodale execs have either jumped or been pushed out. The latest was David Zinczenko of Men's Health. CEO Maria Rodale is excited about moving into e-commerce with a site called Rodales.com, which will sell upscale goods. Hearst Finds Tablet Readers Don't Want Interactivity Mashable When Hearst first launched digital editions for the iPad, the company loaded its titles with interactive features — which readers don't necessarily want, according to magazines chief David Carey. "What we discovered is that most people just want the product itself." The Economist Unbundles Tablet Editions from Print Advertising Age The Economist has stopped bundling app access with print subscriptions, charging more to newcomers who want both and introducing a print option that comes without apps. "We wanted to create a pricing structure that made sense for the way that people wanted to buy." The New Republic's Owner Admits to No Silver Bullet New York Chris Hughes, co-founder of Facebook, earlier this year bought The New Republic magazine, which was in danger of going out of business. While he admits to not having a business-side "silver bullet," he has confidence he can make it work. "We have to be convening conversations." Adweek Recognizes Old, New Media with 'Hot List' Adweek Twitter, The Atlantic, the Financial Times, AMC, and Stephen Colbert are among the media brands and people singled out in Adweek's 33rd annual Hot List, honoring the "supernovas of print, TV and digital media." Factors studied included category supremacy and social buzz. Buzz Media Swaps Out CEO, Looks For More Money AllThingsD Buzz Media has a new CEO: President Stephen Hansen has taken the top spot, replacing Tyler Goldman, who moves up to executive chairman. The company, which bought Spin magazine last summer and turned it all-digital, is also expecting "additional investment from our shareholders." The Daily iPad-Only News Publication to Shut Down TechCrunch The Daily, the iPad-only digital news publication, will cease standalone publication Dec. 15, News Corp. said. It will continue as a brand as part of "other channels," including the New York Post. The Daily was a "bold experiment" that didn't manage to find a large enough audience. Politico Makes Newsroom Moves, Touts Web Traffic Politico Politico founding editors John Harris and Jim VandeHei have announced several newsroom moves, aiming to "keep growing this company." In a staff memo, the duo cited record website traffic, event business growth and ad sales "capturing over 40% of the print market annually." HuffPost Banished by Wal-Mart for 'Unfair' Reporting Washington Post Wal-Mart said it has made a "business decision" not to participate in future articles by the Huffington Post, citing the news and opinion site's "one-sided reporting." HuffPost has "singled out" the leading discount retailer, hosting "a number of articles with negative spin." Say Media Poaches Talent from Rodale, Conde Nast WWD Say Media, the company behind websites like Jane Pratt's xojane.com, has poached Tim Koorbusch of Men's Health to be its new VP of American sales. Say Media also grabbed Kate Lewis, a longtime exec at Conde Nast, for a new position overseeing site editorial. Thrillist Aims to Change Media Model with Commerce Bloomberg TV Ben Lerer, CEO of the guy-oriented media outfit Thrillist, aims to figure out how to best blend content and advertising. "The intersection of content and commerce has the potential to completely change the model media companies have employed digitally and even offline." Glamour Unveils Pinterest-Inspired Website Revamp Fashionista Conde Nast's Glamour magazine has unveiled a massive relaunch of its website after nearly a year in the making. The new site is said to have a "Pinterest feel," with its emphasis on images. "Our user has become a much more visual consumer," said editor-in-chief Cindi Leive. Esquire in New Venture with Publisher of E-Books New York Times Esquire has announced a partnership with Byliner, a digital publishing startup. The Hearst magazine's first collection of original short fiction, titled "The Esquire Four," will be published online at Byline.com and will be available for purchase through regular e-book retailers. Hachette Alums Mull Buy of Martha's Whole Living New York Post Martha Stewart may have finally found a buyer for Whole Living — one that will keep the magazine alive even as big publishers Hearst and Meredith stayed out of the bidding. One source said the winning bid could come from a group of Hachette alums displaced in the Hearst takeover. Bonnier to Close Caribbean Travel + Life Magazine Adweek Bonnier, which had until recently been on a buying spree, is going in the other direction, closing Caribbean Travel + Life. The publisher said the January/February 2013 issue would be the last. Earlier this year, Bonnier closed Spa magazine. Last year, MotorBoating folded. Atlantic Media Eyes Twitter as Bigger Ad Platform Advertising Age Atlantic Media — whose properties include The Atlantic, Quartz and National Journal — plans next month to begin showing ads promoting certain advertisers atop Twitter feeds displayed in apps such as HootSuite, Echofon and TweetCaster. "Think of this as public social signals." National Journal Aims to Expand Website's Appeal Politico The National Journal plans to announce a reorganization of its newsroom, including news that editor-in-chief Ron Fournier is stepping down. Its newsroom will be split into two teams: a membership team for core readers and a digital team to expand the appeal of its website. Forbes Expands Digital Journalism Model to Europe Journalism.co.uk Forbes.com began its transformation from news website to publishing platform almost two-and-a-half years ago. Forbes.com now has ambitions to attract more U.K. contributors and "more European-centric content," according to Lewis D'Vorkin, chief product officer. New Yorker Article Set for HBO-Brad Pitt Production Variety HBO is developing "Paper," an hour-long drama inspired by Jake Halpern's essay "Pay Up," featured in The New Yorker. Actor Brad Pitt will co-executive produce. "Paper" centers on an ex-gangster who is trying to reform himself by serving as a professional debt collector. TV Guide Magazine Eyed for Sale in Combo Deal Hollywood Reporter Open Gate Capital, the private-equity owner of TV Guide, is said to be wanting to sell the magazine to someone who would combine it with TVGuide.com and the TV Guide Network. The combo could sell for $400 million. However, Open Gate denies that the title is for sale. >> MORE TELEVISION & RADIO Fox News: Ailes Pursued Petraeus for President Washington Post Fox News chief Roger Ailes is said to have suggested in 2011 to then-Gen. David Petraeus that he should consider resigning from the military and running for U.S. president. At one point, Petraeus spoke about the possibility that Rupert Murdoch would "bankroll" the campaign. CNN to Launch Syndicated Latino Programming Los Angeles Times CNN, looking to tap the wealth of U.S. Latinos, plans to introduce a Spanish-language programming service for broadcast TV stations next year. The service, CNN Latino, will be an eight-hour programming block of news, documentaries, talk shows and lifestyle programming. NBC: Stern Set to Return to 'America's Got Talent' New York Times Howard Stern will return to NBC as a judge on its summer talent competition "America's Got Talent," the network announced. The decision came after some doubt about whether Stern, who joined the series with much fanfare, would walk away after one season on the series. Logo Founder to Launch Gay YouTube Channel Hollywood Reporter Logo founder Matt Farber is continuing his focus of putting the spotlight on gay-themed content, shifting platforms to YouTube. Farber and former Logo VP Brian Tolleson are launching Gwist, a channel targeting the lesbian, gay, bisexual and transgendered community. DirecTV to Run Fox's '24' on Audience Network Variety DirecTV has licensed the entire run of Fox series "24" for its Audience Network, an exclusive programming mix of original and licensed content. "24" will likely be used as a promotional platform for the network's first original drama series, "Rogue," which will debut next year. TiVo Takes Tebow Off the Bench for Investor Push TheStreet TiVo has made the case to investors that they are the Wall Street equivalent of New York Jets backup quarterback Tim Tebow: Underappreciated and ready to outperform. The digital video recording pioneer "is not being properly lauded" for its capabilities. Sinclair Broadcast Closes on Deals for TV Stations Associated Press Sinclair, one of the largest U.S. TV broadcasters, has closed on a number of deals to acquire and sell TV stations. The roughly $459.7 million in acquisitions adds two new markets for the company and additional stations in four markets where it already has a presence. Clear Channel Faces $10 Billion Debt Due in 2016 Reuters Clear Channel will be facing a stiff challenge in managing the more than $10 billion of debt that will come due in 2016 without being forced into a restructuring, according to Moody's Investors Service. By 2016, it will have debt levels that are greater than its expected asset value. KQED Enters Startup Game to Boost Media Industry San Francisco Chronicle Bay Area public media outlet KQED will invest $1.25 million in an incubator designed to foster innovation in today's unstable media industry. Media think tank John S. and James L. Knight Foundation will match the amount to create an initial $2.5 million fund called Matter Ventures. NBC's Lauer Won't Be Fired Over 'Today' Ratings New York Post The online rumor mill has "run wild" with reports that Matt Lauer would be fired from his job as co-host of NBC "Today" amid sagging ratings. New "Today" head Alexandra Wallace described the reports as blatantly false. The "outrageous claims" are "wrong and irresponsible." ABC 'Good Morning America' Notches Sweeps Win New York Times ABC's "Good Morning America" has won its first TV sweeps month in nearly 20 years, reflecting its new status as America's No. 1 morning show. Ratings released on Friday showed that "GMA" averaged 5.31 million viewers in November, 466,000 more than NBC"s "Today." CNN Under Zucker Will Be About More Than News Advertising Age Jeff Zucker's goal for CNN will be to give the news network the jolt that makes it "must-see TV." CNN's competition will be other networks beyond Fox News and MSNBC, he said. Zucker remains mum on the rumor that CNN is mulling a late-night talk show akin to "The View." Fox, Dodgers Continue Talks as Deadline Passes Hollywood Reporter The deadline for an exclusive 45-day period of negotiations between the Los Angeles Dodgers and Fox Sports ended Friday, but sources said the talks would continue for at least one more week. The deal on the table is believed to be for 25 years and valued at more than $6 billion. CBS, ABC: DVR Use One Factor in Low Ratings New York Times CBS, ABC and Fox have all had decreases in ratings, which they explain is due partly to the shift toward delayed viewing. "The point the networks make is that the DVR is revolutionizing viewing. But that is masking the fact that the new shows this fall just aren't that good." Aereo Web TV Service Deemed Unsavory by Judges CNET News A federal appeals court didn't seem to like that Aereo built tiny antennas to help the Barry Diller-backed Internet service access broadcast TV without paying for it. The judges appeared to have found elements of Aereo's business unsavory, comparing the antennas to a tax dodge. Disney-ABC 'Katie' to Sever Ties with CNN's Zucker New York Post Jeff Zucker will give up his equity stake in the Disney-backed syndicated "Katie" show, which is co-owned with host Katie Couric. In accepting the job running CNN, the exec will relinquish his executive producer credits and the potential for riches if "Katie" gets renewed. CNN Head Zucker Vows to Shake Up Programming Bloomberg Jeff Zucker, the former NBCUniversal chief named to lead CNN, said the network needs to broaden its news coverage and keep viewers longer to compete with Fox News and MSNBC. "We need new and fresh programs. We need to find new programs that will make everything better." NFL Network Helps to Shrink Prime Time Viewership Businessweek NFL Network is using its lock on 13 Thursday night games to power a $1.1 billion-a-year pay-TV channel that is tearing away viewers from the major broadcast networks on what traditionally had been their best night. "It's contributing to dramatic weakness in prime time." Time Warner Cable Launches Wi-Fi in Kansas City Kansas City Business Time Warner Cable has rolled out a Wi-Fi Internet initiative for businesses and residential customers in Kansas City. The move came roughly two weeks after Google began lighting up its local fiber network. Time Warner Cable unveiled 14 local hot spots throughout the metro area. Time Warner's CNN Confirms Zucker as President CNN Veteran news producer and former NBC Universal chief Jeff Zucker will become the president of CNN Worldwide in January, the network has announced. Zucker's first challenge is likely to be turning around CNN's U.S. television ratings, which have been declining in recent years. CNN Rivals Safeguard Talent Preparing for Zucker New York Post Several TV news operations have moved quickly to try and lock up their talent after reports surfaced that Jeff Zucker was close to signing on as head of CNN. However, sources close to Zucker said the exec will be moving slowly to make changes at the beleaguered news network. ABC to Celebrate Dick Clark on New Year's Eve Associated Press ABC is turning its first New Year's Eve without Dick Clark in four decades partly into a celebration of the showbiz impresario's life. Clark, who did the first annual "New Year's Rockin' Eve" special on ABC in 1972, died at age 82 in April. Ryan Seacrest will host the countdown show. NBC Sees Season's First Ratings Win from Football Associated Press Two football games that showed the widely divergent paths of New York's pro football teams boosted NBC to its first ratings win of the new season. NBC aired the Jets' embarrassing loss on Thanksgiving night, and followed it with the Giants' easy victory on Sunday. Fox Chief: TV Execs Have 'Heads Up Their Asses' Hollywood Reporter The behavior of television viewers is changing, but the industry is not changing with them fast enough or in the right ways. That was the consensus of panelists at the HRTS newsmaker luncheon. "A lot of us have our head up our ass," said Fox chief Kevin Reilly. >> MORE INTERNET & DIGITAL MEDIA Apple: Bigger Than Most Major Media Companies Bloomberg Apple's iTunes and App stores make more money than the New York Times, Simon & Schuster, Warner Bros., and Time Inc. combined. The media storefronts — which hawk everything from movies to newspaper subscriptions — made $8.5 billion in the most recent fiscal year. Facebook Rumored to Eye Mobile Messaging Firm AllThingsD WhatsApp hit the tech news circuit after a somewhat speculative article asserted that Facebook has been sniffing around the mobile messaging company. But the Facebook acquisition talks are not said to be happening. WhatsApp dismissed the article as "a rumor." Yahoo Near Launch of 'Simplified' Homepage Redo AllThingsD Yahoo's new homepage — a mix of mobile-friendly online styles from Microsoft's Windows 8 to Flipboard to Pinterest — is said to be close to its official launch, perhaps as early as this week. "The touchscreen-tiled approach seems to be the favored design." AOL Drops Marketing Chief Post in Restructuring Advertising Age Jolie Hunt, AOL's CMO and head of communications, is leaving the company in a restructuring less than five months after she was hired. The move comes as AOL looks to decentralize marketing and push more marketing dollars into individual digital properties. Pinterest Leads 2012 Explosion in Social Media PCMag Consumers spend more time on social networks than any other site, according to a new report by Nielsen. Top networks like Facebook and Twitter have staying power, but Pinterest is the breakout star. Pinterest saw the largest year-over-year use increase, at 1,698%. Apple's Cook Holds Interview with NBC's Williams Next Web Tim Cook's first TV interview "of its kind" has been conducted with Brian Williams, and will be aired Dec. 6 on NBC's "Rock Center" news show. The Apple CEO was interviewed by Williams in his company's Grand Central Terminal store, where fans "treated him like a rock star." YouTube Anti-Muslim Film Won't Be Ordered Offline Reuters Actress Cindy Lee Garcia, who said she was duped into appearing in an anti-Islam film that stoked protests across the Muslim world, has lost her second legal bid to force the video off YouTube. A federal judge found she was unlikely to prevail on her claims of copyright infringement. Google Execs Take Deep Look at the Web in Book New York Times Google execs Eric Schmidt and Jared Cohen have written a book that aims to explain how the Internet will play out in politics, business and even personal lives. "The New Digital Age," from Random House imprint Alfred A. Knopf, will be published in April. It is Schmidt's first book. Facebook CEO Pockets $3.5 Billion in November Mashable Facebook shot up from $21.08 a share on the first day of trading in November to $28 a share at the end of the day on Friday — its highest since July. As a result, CEO Mark Zuckerberg gained about $3.48 billion. As of Friday, Zuckerberg's net worth was some $14.1 billion. Twitter: Pope Benedict to Start Tweeting Next Week Associated Press Pope Benedict XVI will start tweeting in six languages from his own personal handle @Pontifex on Dec. 12. The Vatican said the pope will use a Q and A format in his first tweet, focusing on answering questions about faith. The pope will tweet "as often as he wants." Groupon: Heat is On CEO Mason Amid Questions Chicago Tribune Andrew Mason has transformed from "lovable quirk to major liability," as Groupon has suffered from controversy and business missteps. The larger question is the long-term viability of the daily deal company's business model. "If it's going to fall, it's going to fall really hard." Aereo Web TV Service Deemed Unsavory by Judges CNET News A federal appeals court didn't seem to like that Aereo built tiny antennas to help the Barry Diller-backed Internet service access broadcast TV without paying for it. The judges appeared to have found elements of Aereo's business unsavory, comparing the antennas to a tax dodge. Electus, Saveur Team on YouTube Foodie Show Adweek Electus, the multimedia outfit founded by former NBC Entertainment co-chairman Ben Silverman, has teaming up Bonnier's Saveur magazine to create a web series. "Dueling Dishes," showing chefs from big-name restaurants, will air on Electus's branded YouTube channel. Buzz Media Swaps Out CEO, Looks For More Money AllThingsD Buzz Media has a new CEO: President Stephen Hansen has taken the top spot, replacing Tyler Goldman, who moves up to executive chairman. The company, which bought Spin magazine last summer and turned it all-digital, is also expecting "additional investment from our shareholders." The Daily iPad-Only News Publication to Shut Down TechCrunch The Daily, the iPad-only digital news publication, will cease standalone publication Dec. 15, News Corp. said. It will continue as a brand as part of "other channels," including the New York Post. The Daily was a "bold experiment" that didn't manage to find a large enough audience. Politico Makes Newsroom Moves, Touts Web Traffic Politico Politico founding editors John Harris and Jim VandeHei have announced several newsroom moves, aiming to "keep growing this company." In a staff memo, the duo cited record website traffic, event business growth and ad sales "capturing over 40% of the print market annually." HuffPost Banished by Wal-Mart for 'Unfair' Reporting Washington Post Wal-Mart said it has made a "business decision" not to participate in future articles by the Huffington Post, citing the news and opinion site's "one-sided reporting." HuffPost has "singled out" the leading discount retailer, hosting "a number of articles with negative spin." Say Media Poaches Talent from Rodale, Conde Nast WWD Say Media, the company behind websites like Jane Pratt's xojane.com, has poached Tim Koorbusch of Men's Health to be its new VP of American sales. Say Media also grabbed Kate Lewis, a longtime exec at Conde Nast, for a new position overseeing site editorial. Thrillist Aims to Change Media Model with Commerce Bloomberg TV Ben Lerer, CEO of the guy-oriented media outfit Thrillist, aims to figure out how to best blend content and advertising. "The intersection of content and commerce has the potential to completely change the model media companies have employed digitally and even offline." Netflix Faces Streaming Video Competition in Mexico Bloomberg Netflix faces fresh competition from America Movil, the largest mobile-phone company in the Americas, which is introducing a rival service in Mexico. The new offering will be available at a cost of 69 pesos a month. Netflix sells subscriptions in Mexico for 99 pesos a month. Redbox Streaming Video Rival to Netflix Near Launch GigaOM Redbox Instant by Verizon, the yet-to-be-launched Netflix competitor, is said to be planning to cost as little as $6 per month, launch with apps for Android, iOS and Xbox 360, and open as early as Dec. 17. Customers will be able to register up to five devices to access the service. Vevo CEO: We've Paid $200 Million to Music Industry Billboard Vevo said that it has paid back $200 million in revenue to the music industry since being founded in 2009, a figure touted as higher than other music-video services. "The audience that loves music should be valued the same way as the audience that loves the Super Bowl." Microsoft Plans Next Xbox for 2013 Holiday Season Bloomberg Microsoft is said to be planning to release the next version of its Xbox video-game machine, the top-selling console, in time for the holidays next year. The new version will debut a year after Nintendo's brand-new Wii U, which went on sale Nov. 18 in the United States. Facebook Loosens Ties with 'FarmVille' Maker Zynga Reuters Facebook and Zynga have severed the cozy ties that once bound the Internet industry's closest couple, revising a years-old partnership that was seen as giving the "FarmVille" maker privileged status on the world's No. 1 social network. "Zynga's favored nation's status is gone." Groupon CEO to Stay After Directors Discuss Tenure Bloomberg Groupon has no immediate plans to replace CEO Andrew Mason after its board met to deliberate whether to make changes to senior management. Directors of online coupon company met Thursday, and some were said to be planning to voice frustration with Mason's leadership. LivingSocial Deals Website Cuts 400 Jobs Worldwide Associated Press LivingSocial is cutting 400 jobs worldwide, or about 9% of its work force, as the deals market continues to face challenges. The company's sales force faced the highest number of cuts, while others are in customer service and editorial, the people paid to write up the deals. Report: Mobile Growth Rate Outpaces Other Media min The rate of growth in time spent with mobile media is far outpacing growth in other media, which are either leveling or declining, according to a report by eMarketer. U.S. consumers increased overall use of mobile devices 51.9% in 2012, after four years of similar growth spurts. Yahoo Ex-Chief: Premium Video Crucial to Media Deadline Ross Levinsohn, who served as Yahoo's interim CEO, said he is pleased to see "optimism again" at the Internet company under new CEO Marissa Mayer. Levinsohn is now looking for opportunities to support "premium media" including video which he said "is not replicable." >> MORE ADVERTISING & MARKETING WPP, Publicis Ratchet Down Ad Growth Forecasts Wall Street Journal WPP, Publicis and Interpublic have revised down their projections for 2013 global advertising spending growth, citing economic troubles in Europe and lackluster conditions in the United States. "Sectors such as automotive and financial services have not yet totally recovered." Forecast: Ad Growth in Social Media to Continue BtoB U.S. social media advertising revenue is expected to reach $9.2 billion by 2016, up from $4.6 billion this year, according to media research company BIA/Kelsey. Social ads will be driven by display, such as Facebook's marketplace ads and YouTube's multiple display units. BIA/Kelsey Forecasts Slower Growth for Online Media MediaPost By 2016 local online, interactive and digital advertising revenue will reach $38.1 billion, according to BIA/Kelsey's latest U.S. local media forecast. The sluggish economy has led the analyst firm to lower its projections. BIA/Kelsey also forecasts that new forms of ads will drive demand. Forrester: Online Paid-Content Poses Threat to Ads Guardian The rise of tablets and smartphones will help grow the online paid-content market 65% a year by 2017, with consumer spending on digital news rocketing 77%, according to a report by research firm Forrester. The rise of paid-for services "could limit advertising opportunities." Survey: Most Consumers 'Annoyed' by Online Ads TechCrunch "Annoying" and "distracting" are the most frequently used adjectives to describe online advertising, in a new survey of U.S. consumers by Adobe. A sizeable majority believe TV commercials are more effective than online ads. TV and magazines are the "most preferred places" for ads. Omnicom Says Media to Use Stock Market Algorithms Financial Times From television commercials to mobile phone ads, almost all media will soon be bought and sold via sophisticated trading algorithms that mimic the technologies of stock exchanges, said John Wren, CEO of global advertising giant Omnicom. "It is a process of revolution." Ad Malaise After Election Points to Ho-Hum Holidays Crain's New York U.S. voters aren't the only ones holding their breath until the election. Many advertisers are waiting for the November results — when consumers will be less distracted by politics, and economic policy will be more clearly defined — before they make major spending decisions. Report: Key Size Cited in Smartphone Ad 'Clicks' Dow Jones Stubby fingers may be the reason many consumers end up checking out advertisements on smartphones and tablet computers. "False positives — namely clumsy digits — are the real culprits." Also: "Many people accidentally click on ads in an effort to get rid of them." Forecast: Internet to Grab More Global Ad Share paidContent The Internet will attract 16% more advertising dollars through 2013, while newspapers and magazines will lose 2% of their ad money, according to ZenithOptimedia's latest forecast. The ad firm reckons global online advertising will comprise 21.4% of the whole by 2014. Mobile Ads: Here's What Works and What Doesn't Wall Street Journal The rule book for what works in mobile advertising is slowly being written. Some of the ingredients to success include ads that play on the unique properties of mobile gadgets, including location, or ads disguised as a game, coupon or information that consumers want. Ads Emulate User-Generated Smartphone Photos Wall Street Journal Lifestyle advertising has begun to adopt the look and feel of the images consumers find most compelling — the ones they shoot themselves using smartphone cameras and then share on websites like Facebook, Instagram and Pinterest. "That visual language is very familiar to people." Nielsen Cuts U.S. 500,000 TV Homes on Web Viewing Bloomberg The number of U.S. TV households fell by 500,000, reflecting the popularity of online viewing and results of the 2010 census, according to Nielsen. The company is working with clients on what should constitute a TV home and how to account for new products such as tablets. EMarketer: Digital Ad Expenditures to Rise This Year BtoB U.S. marketers will spend $37.3 billion on digital advertising this year, an increase of 16.6% over 2011, according to a report from eMarketer. Search will account for $17.6 billion in expenditures, followed by display ads, including videos, at $15.0 billion, the consultancy said. >> MORE MEDIA COMPANIES News Corp to Acquire Cleveland Indians Channel Reuters News Corp. is expected to announce as early as this week that it will acquire SportsTime Ohio, a TV channel owned by the Cleveland Indians baseball team, for around $230 million. The deal would mark its second acquisition of a regional sports channel since late last month. Disney: $319 Million 'Millionaire' Verdict Upheld Associated Press A federal appeals court has upheld a $319 million verdict over profits from the game show "Who Wants to Be a Millionaire" and rejected Disney's request for a new trial. A jury decided in 2010 that Disney hid the show's profits from its creators, Celador International. Viacom, T-Mobile Plan Massive Streaming Event Advertising Age Viacom is teaming up with T-Mobile for a year-end event streaming across MTV.com, VH1.com, ComedyCentral.com and CMT.com. The eight-hour "Big & Best of 2012" is said to be a multimillion-dollar T-Mobile investment, making it one of the larger spends on a Viacom digital event. Time Warner Cable Threatens to Drop Networks Bloomberg Time Warner Cable CEO Glenn Britt has threatened to drop networks with low ratings to combat rising pay-TV costs. Programming costs for the second-largest U.S. cable company have increased about 30% since 2008, he said. Distribution on Time Warner "is not a birthright." CBS Touts 'New Golden Era' for Broadcast TV Los Angeles Times Broadcast TV is entering a "new golden era," according to CBS research chief David Poltrack. Digital streaming and other new platforms allow the networks to increase their reach beyond the TV screen. "Younger adults view less TV because they spend less time in the home." News Corp Seeks to Halt U.S. Hacking Lawsuit Deadline Rupert Murdoch and his son James want a U.S. class action lawsuit against them and News International over the U.K. phone-hacking scandal dismissed. In a motion filed late last week, the Murdochs said that they believe they didn't break the Securities Exchange Act of 1934. News Corp Reveals Details of Business Split-Up Wall Street Journal News Corp. has announced that it will name Wall Street Journal top editor Robert Thomson as CEO of its soon-to-be created publishing company, which will retain the News Corp. name. After a planned split, expected in mid-2013, the entertainment company will be named Fox Group. News Corp Heiress: The Rise of Elisabeth Murdoch New Yorker Elisabeth Murdoch, long overshadowed by her brothers, Lachlan and James, has impressed associates of her father, News Corp.'s Rupert Murdoch. Barry Diller describes her as "the most entrepreneurially accomplished person in that family, other than Rupert." Playboy's Hefner Preps New Year's Eve Wedding TMZ Playboy mogul Hugh Hefner has become engaged (again) to Crystal Harris, according to TMZ. "The two will walk down the aisle at the Playboy Mansion on New Year's Eve. The couple have worked out all their previous problems and decided they want to get married again." Comcast's NBCUniversal Gets Love from Wall Street Variety In a report on Comcast, Todd Juenger of Bernstein Research predicted $1.5 billion in annual upside for NBCUniversal cash flow by 2016 with $800 million from retransmission and reverse compensation. "Wall Street loves a turnaround story." NBCU has become "a benefit." News Corp's Leveson Evidence Points to Cover-Up Bloomberg News Corp.'s testimony about how a phone-hacking scandal was handled points to a possible cover-up at multiple levels, according to the findings of an inquiry into media ethics. Judge Brian Leveson's report called for the formation of an independent U.K. media regulator. CBS Girds for Digital Battle as King of Broadcast TV Wall Street Journal By licensing off its rich trove of old shows like "I Love Lucy" and "Star Trek" to online outlets such as Netflix, CBS chief Les Moonves has pulled in hundreds of millions in revenue. Moonves has declared such digital deals as vital to the future. "We're seeing a brave new world." Time Warner's CNN Confirms Zucker as President CNN Veteran news producer and former NBC Universal chief Jeff Zucker will become the president of CNN Worldwide in January, the network has announced. Zucker's first challenge is likely to be turning around CNN's U.S. television ratings, which have been declining in recent years. News Corp Eyed Over UK Phone-Hacking Report NBC News Jay Rockefeller, head of the Senate commerce committee, signaled he will be paying close attention to the U.K. Leveson Inquiry report into media ethics by newspapers owned by Rupert Murdoch and others, amid concern U.S. laws may have been broken. The report was released today. Disney Ups Dividend 25% Ahead of Tax Increase Bloomberg Disney has raised its annual dividend by 25%, joining other companies boosting their payouts ahead of an expected tax-rate increase. The 75-cent-a-share payment to shareholders will be made on Dec. 28. The previous 60-cent annual dividend was paid in January. Viacom Promotes Davis to Chief Financial Officer Bloomberg Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. Davis had served as EVP of strategy and corporate development. After a transitional period, Barge will leave to pursue other opportunities. "This is a well-deserved promotion for Wade." Disney's ABC Asks Judge to Block Dish's Autohop Bloomberg ABC is trying to shut down Dish Network's ad-skipping TV recording feature two weeks after a federal judge denied a similar bid by Fox. The dispute over Dish's Autohop, which broadcasters warn threatens their very survival, is being played out in federal courts on both coasts. News Corp's Murdoch Sells Off Nonvoting Shares Bloomberg Rupert Murdoch has sold all of his nonvoting Class A shares in News Corp., retaining his voting stake, according to a regulatory filing. The sale is said to be for estate-planning purposes. The News Corp. chairman and CEO still holds the media company's largest voting stake. Chernin Eyeing Stake in Another YouTube Studio Variety There may be no better sign of a hot Internet sector brewing than Peter Chernin choosing to invest there — repeatedly. After taking a small stake in YouTube studio Fullscreen, the Chernin Group invested in another, Base79. Chernin is poised to take a stake in yet another by year-end. >> MORE |
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