Top News:
Newsweek:
Washington Post Co. to Sell Newsweek — Chairman Donald E. Graham cites multi-year losses. ‘We are exploring all options to fix that problem,’ he said. — Newsweek Web Exclusive — The Washington Post Co. announced today that it has retained Allen & Company to explore the possible sale of NEWSWEEK magazine.
Discussion:
The Atlantic Online, On Media's Blog, MediaMemo, Mediaite, The Politico, Media Decoder, Romenesko, MarketWatch, Washington Post, Gawker, rbr.com, The Wire, Deadline.com, Dow Jones Newswires, Matthew Yglesias, Wonkette, Newsbroke, Guardian, Media Buyer Planner, mediabistro.com, Tech Trader Daily, New York Magazine, Gothamist and Ben Smith's Blog
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John Koblin / New York Observer:
Meacham on Buying Newsweek: 'I'm Going to Take a Look at This' … Newsweek is up for sale, and Jon Meacham is going to explore the possibility of rounding up some bidders to buy the magazine himself. — “I believe this is an important American institution,” he said in an interview. “I just do.
Jeff Bercovici / DailyFinance:
‘Newsweek’ Is For Sale, But Buyer Will Be Hard to Find
Discussion:
Paste Magazine
Juli Weiner / Vanity Fair:
Washington Post Co. to Sell Newsweek; “Mood's Not Bad Here, Surprisingly!”
Choire / The Awl:
Jon Meacham Putting Together Bid for ‘Newsweek’
Discussion:
Romenesko, Media Money …, The Wire, Crain's New York Business, National Media, GalleyCat, Guardian, paidContent and FishbowlNY
Peter Kafka / MediaMemo:
Time Inc. Publishes Good News: Ad Dollars, Subscription Revenue Up — Maybe the magazine business really did touch bottom last year. At least at Time Warner's giant Time Inc. unit: The publisher says ad revenue and subscription dollars actually increased in the first three months of 2010.
Discussion:
Media Money …, rbr.com, eMedia Vitals, Broadcasting & Cable, FishbowlNY, Guardian, Crain's New York Business and New York Observer
RELATED:
Staci D. Kramer / paidContent:
Ad Recovery At Time Inc., Turner Helps Time Warner Beat Street — Time Warner (NYSE: TWX) handily beat revenue and earnings estimates for the first quarter of 2010, with a profit increase of nearly 10 percent boosted by the ad recovery, higher affiliate fees and a strong film slate.
Discussion:
MediaPost
Matthew Shaer / Christian Science Monitor:
Faisal Shahzad Facebook mixup highlights hazards of Web journalism — Earlier today, bloggers at the Huffington Post published a photo from Faisal Shahzad's Facebook page. One problem: They got the wrong Faisal Shahzad. — It was a testament to the hazards of reporting in the digital age.
Gabriel Sherman / New York Magazine:
CBS News and CNN Are Back in Partnership Negotiations — CBS News and CNN are in advanced negotiations about signing a news-gathering partnership, according to executives familiar with the discussions. The talks revolve around how the two news divisions can combine operations in a bid to cut costs and expand audiences on both sides.
Discussion:
Media Decoder, New York Times, DailyFinance, TVWeek.com, Company Town, B&C, Mediaite, MediaPost, New York Observer, The Wire, Tuned In, LocalNewser and Lost Remote
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Jim Romenesko / Romenesko:
Full-fledged CNN, CBS News merger would be difficult to consummate — There would be problems involving union contracts — CBS's news division is unionized, and CNN's is not — and contracts for on-the-air employees would also probably have to be renegotiated, reports Bill Carter.
Peter Kafka / MediaMemo:
News Corp.'s Fabled Subscription Plans a Month Away — Remember Rupert Murdoch's plan to convince other media companies to join him behind a pay wall and offer their stuff only via subscription? It's still around, in some form. We'll hear more about it in “three to four weeks” Murdoch said today during News Corp.'s earnings call.
RELATED:
Felix Gillette / New York Observer:
High Tide at ‘The Atlantic’ — In the winter of 2009, David Bradley, the owner of the Atlantic Media Company, and Justin Smith, one of his top executives, met for a late-night dinner at Kinkead's restaurant on Pennsylvania Avenue to plot the opening gambits in a Beltway media war.
Discussion:
Editors Weblog
CNET News:
Media ask for Gizmodo court records in iPhone probe — The justifications police gave for searching the home of a Gizmodo editor in the criminal investigation of an iPhone prototype should be public, CNET News is preparing to tell a judge this week. — A group that also includes …
Paul Boutin / VentureBeat:
Newsy raises $2M for honest-to-God mobile video journalism — Newsy, a startup formed in 2008 and based in Columbia, Missouri, announced this morning that the company has raised $2 million from undisclosed angel investors. The money, president Jim Spencer wrote in a prepared statement …
Geoffrey A. Fowler / Digits:
News Websites Discuss Life Without Google — The Web 2.0 Expo kicked off in San Francisco on Tuesday with a discussion that would be unthinkable without social media: How Web publishers can be successful without Google. — The panel, moderated by the Journal's Jessica Vascellaro …
Peter Krasilovsky / BIA/Kelsey Local Media Watch:
NY-Area's ‘Main Street Connect’ Takes Aim at Hyperlocal (Too) — When it comes to hyperlocal, the problem may just be that the local reporting doesn't reasonate with the community as much as the old community papers did. That's the feeling behind Main Street Connect, a new company launched …
Steve Busfield / Guardian:
Simon Waldman to join LoveFilm — Guardian Media Group digital strategy chief to become group product director for DVD rental subscription service — The Guardian Media Group group director of digital strategy and development, Simon Waldman, is to join LoveFilm.
MediaShift:
OurBlook Roundup: Journalism Will Survive in Digital Age — OurBlook.com is a website that gathers opinions from today's top leaders in the hopes of collaboratively finding tomorrow's solutions. It is funded by Paul Mongerson, a retired CEO who has a long history of philanthropy in the journalism world.
Nicholas Carlson / Silicon Alley Insider:
Fending Off Microsoft, Google Invests In TV Ad Startup Invidi (GOOG, MSFT) — Update: Invidi just put out a press release confirming the news: — INVIDI Technologies Corporation, the leader in advanced addressable advertising solutions for television, announced today it has secured …
Minnesota Public Radio:
Journalist Amy Goodman files suit over RNC arrest — St. Paul, Minn. — New York-based radio host Amy Goodman is filing suit Wednesday in federal court against officials in Minnesota stemming from her arrest during the Republican National Convention two years ago.
Wayne Friedman / MediaPost:
Sinclair Trumpets Ad Rises Across The Board — Sinclair Broadcast Group, like other TV station groups, is reporting strong financial results for its first quarter — gaining almost 13% in broadcast revenues. — The group posted $147.9 million in revenues from continuing operations.
David Johns / Open:
Introducing Version 3 of the Times Newswire API — More than a year ago, we opened a veritable floodgate of information by releasing the Times Newswire API. Now, we've added new functionality to help you channel that flood. Version 3 of the Newswire API allows filtering by sections and sources …
Mark Cuban / NewTeeVee:
The Future of TV: Why NewTeeVee Is Wrong — Editor's note: Mark Cuban published a post on his blog yesterday titled The Future of TV is......TV in which he proclaimed that consumers don't want over-the-top video, but instead want to watch cable TV and VOD on their new, shiny HDTVs.
Discussion:
MediaMemo
Joel Johnson / Gizmodo:
48 Hours, 1,000s of Contributors, 1 Magazine — Can you make a magazine in a weekend? Of course you can. But can you make it good? That's the question 48 Hour Magazine is trying to answer, using online media tools to make an old-school rag in two days.
John Gapper / John Gapper's Business Blog:
The New York Times gets down and dirty — ‘, Assanka. $(this).parents(’.falconpostactions'), “, ‘Share’, 530)”>Share — There is nothing quite so entertaining - or so illogical these days - than an old-fashioned newspaper war such as the one that Rupert Murdoch's Wall Street Journal …
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