businessweek

cityfile · 11/12/09 03:14PM

• John King will be replacing Lou Dobbs at 7pm on CNN. [WP, NYT]
• CNN execs had been looking to part ways with Dobbs for many months now, although CNN president Jon Klein is denying that all the anti-Dobbs fervor had anything to do with his leaving. Meanwhile, Dobbs' departure is expected to leave up to 30 people without jobs. [TDB, NYT, AP]
• Dobbs' first post-CNN interview will be with Bill O'Reilly. Naturally. [DF]
• Iconix, the apparel company that owns Candie's, Badgley Mischka, and Rocawear, among other brands, is in talks to buy Playboy Enterprises. [BN]
• Bloomberg LP is ducking out of paying severance to BW staffers. [AdAge]
• A dozen staffers were laid off at Newsweek today. [Gawker]
Martin Scorsese will receive the DeMille award at the Golden Globes. [LAT]
Katie Couric is assembling media power lists now, apparently. [Forbes]

cityfile · 10/21/09 03:01PM

• Both Google and Facebook are getting into the music biz, apparently. [NYT]
• ESPN's Steve Phillips has a pretty messy sex scandal on his hands. [NYP]
• Condé Nast's latest effort to branch out: It's starting discount travel site called Jetsetter in partnership with Gilt Groupe. Meanwhile, this week's Observer recaps Condé's recent problems and reflects on the good 'ol days. [NYT, NYO]
People's decision to pay big bucks for exclusive pics of kidnapee Jaycee Dugard sure paid off. The issue sold 2 million copies last week. [WWD]
• Who will be the next editor of BusinessWeek? Jon Friedman thinks former Portfolio editor Joanne Lipman would be a "fine choice." And she may be, provided Bloomberg is looking to destroy what's left of the magazine. [MW]
• Michael Steele is now (officially) Us Weekly's editor-in-chief. [NYT]
• How many people despise cable news clown Glenn Beck? Enough that the network has hired a bodyguard to follow him everywhere he goes. [P6]
• Yet another book "by" Michael Jackson may be coming soon. Super! [Crain's]

cityfile · 10/20/09 03:18PM

• It's Tuesday, which means fresh job cuts at Condé Nast have been revealed. In addition to the dozen Glamour staffers laid off yesterday, Style.com will cut Candy Pratts Price. And 200+ more layoffs could be ahead. [WWD, NYP, FWD]
• Maybe Condé Nast's fancy iPhone application, which was announced today, will stem the red ink? Maybe not. But it certainly can't hurt either. [AdAge]
BusinessWeek editor-in-chief Steve Adler says he will step down once the sale of the magazine to Bloomberg LP is completed in about a month. [BW]
• Sarah Palin will be Oprah's guest on November 16 as the former governor embarks on her book tour. Many of her fans aren't happy, unsurprisingly. [CT]
• The search for a Good Morning America co-host continues at ABC News. The front-runner at the moment seems to be George Stephanopoulos. [LAT]
Malcolm Gladwell says journalists shouldn't go to journalism school. [Time]
Harvey Weinstein's book publishing company is giving up its independence. It will be combined with Perseus Books starting December 1. [WSJ]

cityfile · 10/19/09 03:29PM

• The New York Times says it will cut 100 newsroom jobs, or roughly 8% of its editorial workforce, via buyouts and/or layoffs. [NYT, NYO]
• The Condé Nast cuts continue today at Wired, Glamour and Lucky. [Gawker]
• The bad news for NBC: It's facing blowback from its affiliates over Jay Leno's 10pm show. The good news: MObama is booked on Leno this Fri. [LAT, AP]
• Meanwhile, Vivendi, NBC and Comcast are inching along in their respective negotiations to hand over control of the network to Comcast; and former News Corp. exec Peter Chernin has signed on to advise the cable giant. [NYT, WSJ]
• CBS News paid tribute to late 60 Minutes creator Don Hewitt today. [AP]
• Ticket sales were up big this weekend. As expected, Where the Wild Things Are came in No. 1 at the box office with $32.5 million in sales. [LAT, THR]

Vogue Cuts, The NYT Changes Course & The WSJ Wins

cityfile · 10/14/09 02:40PM

• The Condé Nast job cuts have made their way to Anna's domain on the 12th floor of 4 Times Square: Vogue laid off six staffers today. [AllThingsD]
• More bad news for Condé: some advertisers are reportedly "jumping ship" after the recent shake-up at Brides. On the plus side, The New Yorker appears to be hiring, so you can take that as good news if you'd like. [NYP, NYO]
• Remember how the New York Times Co. was planning to sell the Boston Globe? Yea, well, NYT publisher Artie Sulz has changed his mind. [AP, BG]
• Mike Bloomberg totally approves of Bloomberg LP's decision to buy BusinessWeek. Translation: The mayor backs the decisions he, himself, makes even if he contends that he wasn't actually responsible for making them. [NYT]
• Is Bloomberg LP's acquisition of BusinessWeek part of a big, new plan to compete with the Wall Street Journal and Dow Jones? Sure seems like it. [NYT]
• Meanwhile, WSJ staffers gathered today to toast the news that the Journal has surpassed USA Today as the top-selling paper in the U.S. [Politico, E&P]
• CBS News is now "investigating" the David Letterman saga (and his employer CBS!) as part of a future story. That must be a bit awkward, huh? [NYO]

Flacks Love This Businessweek Deal

Hamilton Nolan · 10/14/09 01:07PM

In your overstuffed Wednesday media column: a PR man cheers Bloomberg's latest purchase, Calvin Trillin says crotchety things, the New Yorker hires(!) somebody, Brides loses advertisers, and the Washington Post poaches from HuffPo, for a change.

NBC's Sale, BusinessWeek's Deal & Fury at Fox News

cityfile · 10/13/09 02:41PM

• There may be other suitors for NBC in addition to Comcast. Like News Corp. And Liberty Media. And Time Warner. Or maybe not. Time Warner CEO Jeff Bewkes, for one, says he isn't interested. [THR, DHD, Gawker, AdAge]
• More on the sale of BusinessWeek: "Knowledgeable sources" say Bloomberg is paying $2-$5 million in cash for the mag. And another source reports the mag will be changing its name to Bloomberg BusinessWeek. Naturally. [BW, NYT]
• The war between the White House and Fox News goes on. [NYDN, ABC, CJR]
• If you notice TV commercials seem more upbeat than usual, it's because the advertising world has decided to be cheerful and optimistic again. [NYT]
The Atlantic has determined that NBC CEO Jeff Zucker and New York Times publisher Arthur Sulzberger Jr. are "Brave Thinkers," for some reason. [NYO]

Bloomberg Buys BusinessWeek

cityfile · 10/13/09 01:49PM

Bloomberg is now reporting that Bloomberg, the media company founded by a man with the last name Bloomberg, has reached a deal to buy BusinessWeek from McGraw-Hill. "BusinessWeek, with its extraordinary context and perspective on the economy and companies, presents a giant opportunity for Bloomberg News to reach decision makers in the most important industries," said Bloomberg's editor-in-chief Matthew Winkler. Added bonus? Although terms of the deal weren't disclosed, it probably wasn't all that expensive either. [Bloomberg]

Letterman's New Tact, Babs' Big Week & Penn's Passing

cityfile · 10/07/09 03:39PM

David Letterman appears to be through discussing the little sex scandal he now finds himself in. The subject doesn't come up on tonight's show. [NYP]
Gourmet may have gone down, but the editor of Saveur says the mag is doing well (and that she's been flooded with resumes, not surprisingly). Meanwhile, while Condé Nast is laying off staff at Brides, a brand new bridal magazine is now preparing to launch. The dream lives on, clearly. [Forbes, NYO, Gawker]
• Related: Condé Nast's digital division is facing issues, as well. [NYO]
• The remaining bidders for BusinessWeek, now that Mort Zuckerman and a private equity firm have dropped out: Bloomberg LP and ZelnickMedia. [NYT]
• Barbra Streisand has scored her ninth No. 1 album, beating out Mariah's new record. It makes her the second-oldest living artist to top the charts. [Reuters]
• Famed fashion and celeb photographer Irving Penn has died at age 92. [AP]

Comcast-NBC, The Leno Boycott & Bravo's New Shows

cityfile · 10/01/09 02:01PM

• Comcast denied the rumors yesterday, but it now appears the cable giant is involved in talks to take a controlling stake in NBC Universal. [NYT, NYT]
• It hasn't been smooth sailing for Jay Leno since his primetime show debuted—ratings have been slipping and the critical buzz has been lousy—but now it looks like NBC has another problem to worry about: CBS and ABC have both been actively discouraging their stars from appearing on the show. [LAT]
• Bravo reports it's developing solo series for three of its reality TV stars: Bethenny Frankel, Christian Siriano and Top Chef's Fabio Viviani. [Variety]
• Meanwhile, Logo is casting its gay version of the Real Housewives. [Gawker]
• Maybe the magazine industry isn't dead, after all: American Media plans to launch a new bridal title in early 2010 called Shapebride. [WWD]

Mort's Bid For BW, Condé Rumors & Cable Ratings

cityfile · 09/30/09 01:43PM

• Who hasn't looked at buying BusinessWeek by now? Daily News and US News owner Mort Zuckerman appears to be the latest mogul to join the party. [BW]
• The wave of job cuts at Condé Nast could begin in a few weeks or in a few months, depending on who you ask. But either way, it's going to be ugly. [NYO]
• Fox News continues to trounce the competition: Both CNN and MSNBC experienced big declines in ratings during the third quarter. The situation appears to be especially bleak at CNBC, however. [B&C, HuffPo, ZH]
• Simon & Schuster is shaking things up at a couple of its imprints. [Crain's]
• The New York Times is planning to introduce a Chicago-centric edition of the paper. That's in addition to the San Fran edition launching this fall. [NYT]
• Related: Is the New York Times going to start charging readers to access its website? That's still unclear, but the answer should be coming soon. [NYO]
• "Print is undead," reports the undead print newspaper the Village Voice. [VV]

Dan Rather's Suit Dismissed; Name Change at TLC

cityfile · 09/29/09 01:59PM

• It's all over for Dan Rather and his long-running legal campaign against CBS. A state appeals court dismissed the ex-anchor's lawsuit today. [Reuters, NYP]
• At least four parties are still in the bidding for BusinessWeek. But Bloomberg LP remains the most likely acquirer of the struggling magazine. [BW, Reuters]
• An "unbelievably conscientious" Sarah Palin has finishing her memoir in less than four months. You can not buy the book beginning on November 17. [WP]
• Michelle Obama will appear as guest on Sesame Street's season debut. [NYT]
• TLC announced today it's dropping Jon Gosselin from Jon & Kate Plus 8. This news calls out for name change, obvs, so it'll be Kate Plus 8 from now on. [THR]

Emmy Ratings, Bloomberg's Bid & The Post Parody

cityfile · 09/21/09 02:04PM

• Despite all the talk of the impending demise of the TV industry, ratings for last night's Emmy Awards weren't too shabby. The three-hour show was seen by 13.3 million people, which is up 8 percent from last year. [THR]
• Bloomberg LP has officially submitted its bid to buy BusinessWeek. [BW]
Michael Musto of the Village Voice is hearing rumors that Conde Nast is planning to shutter five of its titles as it looks to slash costs. [VV]
• A group of activists affiliated with The Yes Men handed out copies of a New York Post parody this morning as part of an effort to draw attention to climate change; a number of them were later detained by the NYPD. [DF]
• Despite low ratings and lousy reviews early on, Katie Couric is expected to anchor the CBS Evening News until her contract expires in 2011. [NYT]
• Barack Obama made appearances on just about every Sunday morning talk show yesterday. With the exception of those on Fox News, that is. [LAT, [HP]
• Obama's media tour will continue tonight when he sits down alongside David Letterman on his late-night show, a first for a sitting U.S. president. [NYT]

Leno's Fall, Bloomberg's Bid, Dan Brown's Big Day

cityfile · 09/16/09 01:36PM

• As expected, ratings for Jay Leno's new show are falling fast. [THR]
• Bloomberg LP appears to now be in the lead to buy BusinessWeek. [NYP]
• Dan Brown's The Lost Symbol sold 1 million copies its first day. [NYT]
• Don't try to talk to Vogue publisher Tom Florio about what changes are in store for the mag now that those McKinsey consultants have finished their review. (He's not talking about it.) Meantime, McKinsey's final report will be handed over to Condé Nast's management next week. [NYO, WWD]
• Fox News boss Roger Ailes collected $24 million in compensation last year, which is $2 million more than his boss, Rupert Murdoch, took home. [BW]
Jay-Z has his 11th No. 1 album. That puts him ahead of Elvis Presley as the solo artist with the most chart-toppers. But he's still behind the Beatles. [LAT]