Rumors have been floating around for the last month that Viacom is planning a big round of layoffs. The latest: we hear that MTV is planning one round of cuts for early December, and another in January. Both would technically miss the holiday, making them appear slightly less Scrooge-like. If you have any details (or denials), email us.
The New York Times is folding Play, its quarterly sports-focused magazine. FishbowlNY spoke to Play editor Mark Bryant, who said that although the mag broke even last year, "The company needs to make some pretty considerable cuts going forward," and his magazine was one of them. This is a bad sign. T, the Times' fashion magazine, turns enough of a profit to prop up a lot of money-sucking newsgathering operations; the NYT doubtless hoped that Play could do the same. Not in this ad market, apparently. Scratch that off the dwindling list of lifelines for the Times. [FBNY; anybody with more info can email us.]
Eliot Spitzer, you fool. You could have been a contender! When Spitzer resigned as governor of New York in March, rather than standing and fighting like the stubborn-to-the-point-of-idiocy man that he is, he was ceding his political future to the vagaries of luck. And his luck is not good, obviously, or he would still be sneaking into hotel rooms with Ashley Alexandra Dupre. But what if he had hung on, boldly stood up for his imaginary right to patronize hookers, and stayed in office? He'd be headed to the US Senate in January. Think about it: if Spitzer had decided not to resign (as we advised at the time), he'd now be a scandal-ridden and likely ineffective governor. He would also, however, have the luck to be a high officeholder in New York now that Obama has been elected. Obama is very likely to name Hillary Clinton to a cabinet position. That will mean New York needs its governor to name a new Senator to fill her spot. If Spitzer were still the governor, who better to name than himself? The state Democrats would surely support it, just to be able to clear him the hell out so the party could move on to a slightly more scandal-free future. And nobody in Washington would really mind, because they all fuck whores there, at least metaphorically. So Spitzer could have put himself in Hillary's seat and installed David Paterson as governor, just as he is now. Spitzer's particular skill set—cracking down on corporate profligacy—is looking pretty good right now. Once the Post got off his ass about the scandal, he'd probably be able to do some good. But he resigned, so none of this will happen. It would be kind of nifty if Paterson appointed him to the seat now, as some have suggested. (It would be great for Paterson, who would have neatly gone from being a little-known Lieutenant Governor to having Spitzer owe him a huge favor). But it won't happen, because in America you can screw taxpayers, but not hookers. Live and learn. Spitzer will be back on the scene in two years either way. [pic via LAT]
Slate has been planning their new ladyblog—sorry, "online magazine"—as a sort-of-but-not-really competitor to our sister site Jezebel. Gals all over town want to get in on the action—some the few media jobs left! Now we know the ladies who will lead it, according to Fishbowl NY. It will be a "triumvirate" of editors (that means three): Emily Bazelon, Meghan O'Rourke, and Hanna Rosin. Three eds? Bad idea. Their cycles are gonna sync up after spending that much time together, which means fighting and crying might derail the publishing process once a month. But seriously, a little more on the new editors' credentials:Hanna Rosin is a journalist who started out at the New Republic and has written for heavies such as the Atlantic and the Washington Post—and is coincidentally married to Slate's managing editor. She published a book last year called God's Harvard: A Christian College on a Mission to Save America—about students at a new evangelical college—and often writes about the intersection of religion and politics. Emily Bazelon is a senior Slate editor. She has a law background (Yale, actually) and often covers jurisprudence. Fun fact: she's The Feminine Mystique author Betty Friedan's cousin. She's also written for The New Republic and Washington Post, as well as the New York Times. Meghan O'Rourke is also a Slate editor (culture), but a poet as well—she published a poetry book that garnered a full page New York Times Book Review and edits the poetry section of the Paris Review. She's married to New Yorker staffer James Surowiecki. O'Rourke is also a former New Yorker staffer, a job she got at 24, which is what partly led to our 2007 "Field Guide" called Why People Hate Meghan O'Rourke.
Attention Americans, it's almost time to travel to your local movie theater to take in Nothing But the Truth, the ironically-titled Hollywood dramatization of the Judy Miller story! Miller, the former NYT correspondent (now with Fox!) who went to jail unnecessarily to protect Scooter Libby's right to plant fake stories with her concerning nonexistent Iraqi WMDs, is reportedly pleased with the film because it captures the "moral ambiguity" of her situation. It did so by casting Kate Beckinsale as (the much older) Miller, then "dramatizing" the story in order to make her a heroic, martyred "devoted mother of a seven-year-old" who "faces starker physical and personal consequences in jail." So, just how Judith Miller sees herself! Click through to watch two clips, exclusively featuring people who are far too attractive to be journalists:
♦ Barack Obama's first post-election interview with 60 Minutes (an excerpt is on your left) earned the show its biggest audience in nine years. [THR]
♦ Dan Rather has spent $2 million battling CBS thus far, but it looks like his time and money may finally be paying off. [NYT]
♦ MTV's TRL came to an end yesterday, in case you haven't heard the terribly tragic news. [NYT]
♦ Rupert Murdoch's New York Post appears to have warmed to Barack Obama. "So has Mr. Murdoch gone soft on liberals—or perhaps just reacted pragmatically to Mr. Obama's sizable victory?" [NYT]
♦ The new James Bond movie, Quantum of Solace, was No. 1 at the box office this weekend. The flick generated $70.4 in its first three days. [Reuters]
Howard Kurtz, the Washington Post's useless media critic whose column is the actual physical manifestation of "conventional wisdom," is upset. About Obama! Specifically, about the fact that every newspaper and magazine and TV network has decided that Obama worship is the proper coverage strategy at the moment. The media is engaged in outrageous "mythmaking," Howie Kurtz observes, long after all the worthwhile media critics have analyzed this point to death. Howie's method is to list every example of a media outlet celebrating Obama's victory, then to wrap it all up with a conclusion that you may not have considered yet:
Breathy, doubletalking word-stringer Peggy Noonan knows how to explain the import and danger of Obamamania out to simple Americans: with football metaphors. Though she herself obviously doesn't watch football. "if he fumbles at this high-stakes time, more than a game is lost," she notes. "If Mr. Obama doesn't catch the pass and cross the goal line, it will mean this election marked a moment, not a movement." Are you feeling her, Red State middle Americans? She's speaking to you in a plebeian language you can understand. Try this: "There is joy to be had in being out of power. You don't have to defend stupid decisions anymore." See the benefit of having the black football fella win is that you can talk bad about him straight out, not just when you think your microphone is turned off. Peggy Noonan is morally and intellectually bankrupt. [WSJ]
In the last two days, we told you about layoffs at Forbes.com, Essence, Entertainment Weekly, and National Geographic, with a bonus false alert at Nylon thrown in for good measure. And the sad fact is that these are just the ones we could get around to doing. All these media layoffs are like a band-aid being pulled off verrrrryyyy slowly, and—unfortunately for the laid-off—each progressive wave of cuts makes us want to tune out the pain even more. This is the saddest thing of all. When good people get laid off they deserve to elicit some shock; they deserve to be remembered, and talked about, and reminisced upon. They deserve for the people who cover their demise to go into detail about who they were, and what they've done in their careers, and the big stories they broke, and how they changed things, and who they knew, and where they might go from here. They deserve commenters to bemoan their departure and joke about their good lines and reassure them that they'll be missed. But we have to face reality here: it ain't gonna happen. The media now is like a city with a high murder rate, where people get shot dead with such mind-numbing regularity that it gets harder and harder to summon the appropriate amount of outrage for their doom. We all still imagine that when our time comes, there will be a collective pause amongst our peers, and everyone will silently cross themselves and wonder how it could happen to such a talented person. But realistically, we'll be just another number. The best you can do now is say your little blanket agnostic prayer at night for all these assorted victims, then keep your head down and hope that you can ride out the downturn until good days come back again. On that note, here's some more layoff news we didn't get to today:
Is everybody ready for some sweet prostitute interviewing? A tipster tells us "100% reliably" that Ashley Alexandra Dupre, the famous Eliot Spitzer hooker, sat down for her first-ever prime time interview yesterday. Our source says that Diane Sawyer filmed the interview for ABC at a midtown studio, in secret, and that the network is planning to air it next Friday. The network hasn't announced it yet, so you heard it here first, assuming it happens. The other, less solid part of this rumor involves how Ashley got paid for her time: Our tipster is somewhat less sure of this part, but has also heard:
More layoffs today in the wonderful world of media: In addition to cuts at EW and Essence, 8-10 people were let go yesterday from InStyle. Blackbook canned its creative director. Jim Cramer's NYC-based finance site, TheStreet.com, closed its offices in San Francisco. Bauer Publishing laid off five editorial people from Life & Style. Forbes dismissed staffers assigned to ForbesAutos.com, scaled back ForbesTraveler.com, and closed its conference business. But despite rumors to the contrary, Nylon says it is not closing down, so it isn't all bad news today.
Even in a perfect economy, the media would be having economic problems dealing with the internet's impact on the traditional media business models. That's more than enough to worry about. But of course the economy is far from perfect, so the media has an extra challenge: its advertisers are losing money. And for some, we're not talking about fluctuations; we're talking about huge ad buyers who might be wiped off the map. This is why every media company is really, really hoping that the government rushes to the aid of General Motors and its dying US auto industry friends. The auto industry is one of the biggest advertisers of all. Local newspapers reap a lot of their revenue from local auto dealer ads. (The recent decline of those, along with real estate ads and retail ads, has local papers scrambling to figure out what to do). But that's just one small piece; television auto ads and sponsorships are declining too. GM spent more than $2 billion on advertising last year, and when they make cuts, media companies can see tens or hundreds of millions of dollars evaporate. In August, GM pulled out of its sponsorship of the Academy Awards. In September, the company slashed its digital ad budget and decided not to sponsor the Super Bowl. Even when GM tries to spend money, they're cursed. They signed up for a big product placement deal in the craptastic new NBC Christian Slater show My Own Worst Enemy—but yesterday NBC announced it was going to cancel the show because of low ratings. Boy that sucks. And today we learned that, thanks the auto industry's troubles, Christmas has been ruined at yet another media company! A tipster sent us an internal memo to staffers at Sirius XM Satellite Radio from the CEO Mel Karmazin, the former Viacom exec; he's copying his old company by canceling the holiday party and giving everyone an extra vacation day instead. "The economy is slowing, our OEM and retail partners are hurting, satellite radio sales are not growing as we would like, and our stock price reflects that along with other issues," Karmazin writes. A major reason: all those new cars with built-in satellite radios aren't selling. How bad is it overall?
Our friend Nate Silver is already making canny career moves! The baseball stat superfan-turned political pollster blew everybody's mind by calling the presidential election results down to a tenth of a percent. We advised him to pursue a career in corporate consulting in order to become a wealthy power player who works for the forces of good. Well he didn't start "Silver Consulting" just yet, but he is positioning himself to become the next Malcolm Gladwell-esque overpaid business idea guru. Just as good!: The Observer breaks the news that you will soon be able to buy Nate's book(s)!
Does super deluxe magazine publisher Conde Nast have trouble "getting" the internet? In a macro sense we'd say they have trouble "getting" the entire magazine business at the moment, since they're in the midst of hacking 5% of their staff off every title, including dozens of online staff at CondeNet. So in that sense their troubles are equally distributed! But as Big Money points out today, Conde has been particularly slow to embrace the web, especially considering the company's level of prestige. Could the problem be.... ego? Big Money says, correctly, that even the magazines with good websites have a relatively weak online presence considering their role in the media power structure. Conde, which was late to take the internet seriously, is even worse, although it owns some of the best magazines in the country.
Pictured is NYU economist and Facebook stalker Nouriel Roubini, a.k.a. Dr. Doom. There's a highlight clip going around the internet (it's after the jump) of an investment guru named Peter Schiff predicting our current economic crisis on various TV shows over the past couple of years, and being roundly mocked by the hosts and the other guests for doing so. Now they all look dumb (that's you, Ben Stein) and he looks great. So what's the media's nickname for Schiff? "Dr. Doom." Uh, yea, that one sounds familiar. Just how many freaking economists nicknamed "Dr. Doom" are there these days?
♦ Peter Chernin, Rupert Murdoch's right-hand at News Corp., may be planning to depart the company in the near future. [LAT]
♦ 60 Minutes has snagged the first interview with Barack Obama. [THR]
♦ WWD has a roundup of how magazines will fare overall in 2008. Most of the news is depressing, yes, but there are a couple of bright spots: Elle and Men's Journal reported 3 percent increases in ad pages. [WWD]
♦ You knew this one was coming: Political statistics star Nate Silver is reportedly shopping a pair of books to publishers. [NYO]
Bill Ayers, the former Weather Underground radical kid in the 60s whose relationship with Barack Obama was the single most important issue facing America during the presidential campaign, has finally spoken to the intrepid journalists at Good Morning America (Click to watch a highlight). He kept his mouth shut like a good boy throughout the entire campaign, and now it's time to sell a few books! So Ayers has smartly added a new afterword to his 2001 memoir and reissued it, with this stunning addition: he may have been a "family friend" to Obama, rather than just "a guy in the neighborhood." Grab your guns, patriotic Americans! Ayers told GMA that, yes, he knew Obama from way back, and yes, he was on a board, and all of this is public, and thousands of other Chicagoans knew Obama just as well as he did, and that the entire issue is bullshit, all of which is patently true. Still... It's now clear that Hussein Obama is little more than a Manchurian Candidate who has squirmed his way into the White House only to take direct orders from radical latte-sipping college professor Ayers! Even more clearly, Ayers is a canny businessman for someone so opposed to the capitalist power structure. Instead of selling 35 copies of his book a year to his own students as required reading, he's now poised to sell thousands to various right wing lunatics who will buy it just to "preserve the evidence" of his Obama ties for use in the coming race war. Good for him.
How long can the dying print media ride the feel-good Obama victory wave? Forever and ever and ever! Or at least another month, maybe. The effect on newspapers was only one day long (and for as long as they can sell reprints of that issue—six months?), but magazines are just starting to take their share of the American Dream, which is to pimp out our hopeful new black president for every last dollar his likable young ass can generate. Ready to pay extra for a thin, hastily assembled package of glossy photos and sickeningly reverent journalistic pablum? Sure you are!:
