Hearst's E-Reader: The Last Stand of a Doomed Industry

Owen Thomas · 02/27/09 01:15PM

Dear media companies: Please stop trying to innovate. You're lousy at it. Hearst's supposed "Kindle killer," an electronic reader for magazines, is just the latest in a series of debacles from the moribund print-media business.

The Friday Party Report

cityfile · 02/27/09 01:01PM

A recap of the last few days in benefits and parties—including the Frick Collection's Young Fellows Ball, above—is after the jump.

Cable News Ratings, Another Newspaper Bites the Dust

cityfile · 02/27/09 12:08PM

• Fox News remains in first place in the cable news ratings race. MSNBC is showing modest gains, while CNN is dropping like a lead balloon. [NYT, MM]
• Cablevision says it plans to charge readers to access to Newsday.com. [NYP]
• Hearst is launching an e-reader for magazines and newspapers. [Fortune]
• The Times is launching several local "citizen journalism" sites. [E&P]
• Sony CEO Howard Stringer has pushed aside two senior execs. [WSJ]
• Old Navy's newest ad campaign resembles a celeb tabloid. [Jossip]
• Peter Scarlet has resigned as the Tribeca Film Fest's artistic director. [THR]
• Take a tour of the White House with Katie Couric if you'd like. [YouTube]
• Denver's Rocky Mountain News says goodbye. [RMN]

Small Business ♥ Bankers

cityfile · 02/27/09 10:58AM

"People need to be encouraged to start spending again," Michael Gross writes, especially the masters of the universe—such as John Thain, left—who made a mint during the boom years and then led us into this mess. So how do we go about doing that? Not by shunning them, or requiring them to take their fortunes and turn the cash over to the government. (It would probably be wasted on Citigroup anyway.) Maybe we could just force them to pump the cash into the local economy?

Tinsley & Topper: Love Conquers All

cityfile · 02/27/09 10:15AM

These may be depressing times, but occasionally a bit of news comes along to remind you that we can overcome any obstacle, no matter how daunting, provided we just believe. Today's shot in the arm: Tinsley Mortimer (the newly-improved version, of course) appeared at the Frick Collection’s Annual Young Fellows Ball last night with husband Topper in tow, a couple of months after it was reported that couple had split up because Tinz was sick of Topper's "promiscuous ways."