New York governor and unblinking humanoid statue Andrew Cuomo is currently trying to lure GE’s corporate headquarters back to New York—the same state that GE polluted the hell out of last time it was here. Huzzah!
YouTube user merfitudinal snagged this outtake from Fox News' Saturday media show "Fox News Watch" before it was taken off the website. You may be surprised to learn that cable news talk show discussions are not as spontaneous as they seem! And you may be further surprised to know that cable news channels will edit their talk shows so that their hosts don't look completely ignorant and petty! Then again, you may not. [via Reddit]
In your coincidental Wednesday media column: James Murdoch gets a promotion, digital media is a strange business, NBC News misplaced its GE story, Starbucks and Morning Joe will never separate, and the NYO is photogenic.
Tonight, during Jon Stewart's "I Give Up!" segment, the Daily Show host discussed the news that GE paid no federal income tax for 2010, despite $14.2 billion in profits. Stewart also took aim at President Obama and NBC News.
Tonight, in a segment more fitting for 30 Rock than The Daily Show, Jon Stewart considered the problem that NBC News has because of the fact that it's owned by GE, whose products often appear in controversial news reports.
It's a done deal: NBC has a new corporate overlord. So how did it go down?
• The deal between Comcast and GE to hand over control of NBC Universal to the cable giant is done; an announcement may come Thursday. [CNBC]
• Job cuts hit Gannett today; USA Today is reducing its staff by 5 percent. [AP]
• So much for Lou Dobbs moving over to CNBC. The cable network now says it has no plans to hire the ex-CNN anchor/possible political candidate. [NYT]
• Will Bravo get into trouble if it goes ahead and casts White House state dinner crashers Tareq and Michaele Salahi on The Real Housewives of DC? Did the Today land an interview with the couple because of their pending deal with sister network Bravo? So many questions, so few answers. [NYDN, Gawker]
• Oprah's interview with Sarah Palin aired today, as you know by now. [AP]
• The deal between GE and Comcast to give the cable giant control of NBC Universal could be finalized in the next few days/weeks, although approval from Washington could take some time. [DF, THR, WSJ]
• Lou Dobbs didn't walk away from $9 million when he departed CNN. He reportedly got paid $8 million in severance to walk out the door. [NYP]
• The largest gay newspaper publisher in the U.S. has shuttered. [NYT]
• Budget Travel may be the magazine to die. [Daily Intel]
• The cost-cutting McKinsey consultants have landed at Dow Jones. [Forbes]
• 2012 destroyed the box office this weekend, reeling in $65 million. [THR]
• Comcast and GE have reportedly agreed that Jeff Zucker will remain the CEO of NBC Universal as part of their proposed $30 billion joint venture. Well done, gentlemen. Good to see things get started on the right foot. [Reuters]
• In related news, Zucker's totally brilliant plan to move Jay Leno to 10pm is paying off beautifully. Leno sank to a brand new ratings low last night. [NYT]
• Anita Dunn, the White House communications director who started the administration's war with Fox News last month, is stepping down. [WP]
• Hey, it's not all bad news for Condé Nast. Self is doing pretty well. [WWD]
• The creators of Will & Grace are working on a Twitter-inspired show. [THR]
• The nominations for the 2010 People's Choice Awards were announced today, just in case you happen to be care about that sort of thing. [LAT]
• Aerosmith is looking for new lead singer, in case you're job-hunting. [LAT]
• George Lopez and Wanda Sykes' debuts this week scored solid ratings. [NYT]
• Simon Cowell made $75 million last year, earning him the top spot on Forbes' list of primetime's top-earning men. Ryan Seacrest exploded in tears when he heard he came in No. 3 with $38 million. Or so we'd like to think. [Forbes]
• Another magazine has gone under: Hachette announced today that it's closing Metropolitan Home to "focus its resources" on Elle Décor. [AdAge]
• New York's profile of star Times reporter Andrew Ross Sorkin reveals he's one of the paper's highest-paid staffers and is beloved by the titans of Wall Street, but is not quite as popular with some of his Times colleagues. [NYM]
• Circulation is down—and losses are up—at the New York Post. [NYT]
• GE and Comcast have agreed on a valuation for NBC, which brings the parties one step closer to handing over control of the network to Comcast. [Reuters]
• Condé Nast may be trimming expenses and cutting jobs here at home, but the mag giant is busy expanding its presence in China. [NYP]
• Curb Your Enthusiasm is coming to basic cable. TV Land and TV Guide have picked up reruns of the show and will begin airing them next year. [LAT]
• Google has acquired the mobile ad company AdMob for $750 million. [NYT]
• Last night's Mad Men scored AMC its highest-rated finale ever, although considering it's AMC we're talking about, that isn't saying much. [B&C]
• A Christmas Carol was No. 1 at the weekend box office, although its $31 million gross was weak given it cost $200 million to produce. Meanwhile, Precious' $1.8 million take on 18 screens set a limited-release record. [LAT]
So much for the truce between MSNBC and Fox. Since news of a cease fire (or at least a ratcheting down of the rhetoric) appeared in the pages of the New York Times twelve days ago, whatever fragile peace the two networks negotiated has dissolved into the usual volley of insults. Bill O'Reilly is once again the worst person in the world, according to Keith Olbermann. And MSNBC's parent company, GE, is once again responsible for supporting terrorist regimes that are hell-bent on America's destruction, according to O'Reilly. Few at MSNBC and Fox News are happy the deal has unraveled—and both sides have said they're hoping to salvage it, an unlikely prospect at this point—although some of the most annoyed people around are the NBC staffers who are getting increasingly fed up with Olbermann's antics.
• The New York Times Co. is now publicly shopping the Boston Globe. Meanwhile, the list of potential acquirers is getting longer: The firm that bought the San Diego Union-Tribune is now a possible buyer. [AP, NYT]
• Related: The Globe is going to start charging to access its Web site. [E&P]
• News Corp. and GE were hoping to "ratchet down the rhetoric" when they ironed out a peace pact between MSNBC and Fox News recently. Keith Olbermann didn't abide by it, of course. (And Bill O'Reilly returned the compliment.) But Olbermann is still pretending it never happened. [WP, HP]
• It seems one embarrassment this week wasn't quite enough for Olbermann. Because he's resorting to shameless (and familiar) excuses to try and explain away the Richard Wolffe conflict-of-interest fiasco. [Gawker]
• Profits at CBS dropped by 96 percent in the second quarter. [WSJ]
• Why did Twitter go down yesterday? Blame the Russians. [NYT]
• News Corp. posted a hefty loss for the most recent quarter, reporting that profits were down by 30 percent, although things would have been worse if weren't for Roger Ailes's cash machine, Fox News. In related news, Rupert Murdoch seems to think he can get people to pay for content on the Internet and plans to give it a shot over the next year. [NYT, BN, NYT, Guardian]
• Not to be outdone by Keith Olbermann's anti-Fox News rant on Monday night, Bill O'Reilly took aim at NBC's parent company, GE, on his show last night. This truce thing sure is working out beautifully, isn't it? [Gawker]
• Time Inc. is shutting down Southern Accents, a luxury lifestyle title. [NYP]
• Twitter was crippled by a big denial-of-service attack today, which you know full well if you happened to try and log into Twitter today. [CNET]
• If you don't watch Charlie Rose's self-indulgent talk show on PBS, now you can not watch it on Bloomberg TV, too. How convenient. [NYT]
• The Post's Page Six may be hiring Emily Smith, formerly Britain's Sun and Life & Style, to replace the recently-departed Paula Froelich. [Gawker]
• Keith Olbermann took Times reporter Brian Stelter to task last night for reporting that News Corp. and GE had worked out a deal to tone down the rhetoric between MSNBC and Fox News. But he didn't disagree with everything Stelter reported. Conveniently, only the bad stuff about him was wrong. [NYM]
• More bad news for Olbermann: MSNBC now admits it made a mistake by not disclosing that Countdown fixture Richard Wolffe is a paid lobbyist. Naturally, Olbermann had absolutely no idea about any of this. [Politico, Salon]
• Condé Nast is shedding more staff. This time around it appears the media giant's receptionists will be paying the ultimate price. [Gawker, NYM]
• Reps for Bruce Wasserstein met with BusinessWeek execs yesterday to discuss a bid for the magazine. Joe Mansueto, the founder of Morningstar and owner of Fast Company, may be a potential bidder as well. [BW]
• Arthur Sulzberger Jr. says he has no plans to take the New York Times Co. private, despite "brutal conditions" that threaten his paper's survival. [NYT]
• Meanwhile, Moody's has downgraded the NYT Co.'s credit rating. [E&P]
• A few theories on why Peter Kaplan departed Jared Kushner's Observer, and what's in store for Kaplan—and the paper—in the future. [WWD]
• Former Facebook exec Owen Van Natta is the new CEO of MySpace. [WSJ]
• Is GE looking to sell NBC Universal to Time Warner? It's possible! [TDB]
• Ambushing the ambusher: Staking out the home of Jesse Watters, the Fox News producer who stalks liberals for Bill O'Reilly. [Gawker]
