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Time Warner Profits Plunge 34%
Overall, Q2 revenues down 9%, income down 34% — but network revenues up 5%.
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The Problem With BusinessWeek
McGraw-Hill, the 121-year-old publisher of BusinessWeek, held its second quarter earnings call this morning in New York. It drew more attention more than usual: Two weeks ago, following several press reports, the company issued a two-line press release announcing that it has begun exploring strategic options (read: sale) for BusinessWeek. Several suitors have reportedly emerged,…
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Daily News Reporter Dragged Into Mets Scandal
Sometimes reporters insert themselves into their stories. Other times, they are dragged into them, often in bizarre fashion. Which is what happened to Adam Rubin yesterday. Rubin, who for the past seven years has covered the New York Mets for the Daily News, unwittingly found himself at the center of a scandal yesterday involving one…
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UPDATE: How to Get a Book Deal When You’re a Teenager
Isabel Kaplan, the 19-year-old daughter of USC Norman Lear Center head Marty Kaplan and attorney/political whiz Susan Estrich, just finished her freshman year at Harvard. Her debut novel, "Hancock Park" — a sort of "Gossip Girl L.A." — was published on June 30 by HarperCollins’ teen imprint and is already an L.A. Times bestseller. …
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Who Will Be the Next ‘No. 2’ at Page Six?
Today is Paula Froelich’s last day at the New York Post. Froelich is leaving her job at Page Six after more than a decade at the must-read gossip column. Froelich’s departure from Page Six was rumored for weeks — later confirmed by New York magazine — and her e-mail’s auto-response today was elegantly short: As…
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At Least One Person Thinks We’re on the Road to Recovery
Like everything else, the recession has had a profound impact on the buying and selling of media companies. Through the first half of the year, the market for media deals was virtually bone dry, as a stock market slide, advertising slump, crumbling banking system and a credit crash killed any chance of financing them. …
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Reporter Quits Over Affair with Jon Gosselin
Kate Major cites a “conflict of interest,” but Gosselin denies romantic relationship.
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Will ESPN Ban Conan Over Peephole Joke, Too?
In New York, the Erin Andrews’ peephole story just won’t go away, even when it comes off the front page. Yesterday, ESPN announced a wholesale ban on New York Post reporters from appearing across its shows after the paper ran stills from the now-infamous video of the sideline reporter nude in a hotel room. "While…
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Blood Pressures Rise as Ad Pages Plummet at Conde Nast
Historically speaking, September is a big month for big consumer magazines – particularly for a company like Condé Nast, which usually publishes fall fashion issues, each seemingly thicker than a Physicians’ Desk Reference. Not this year. The ad page numbers for Condé Nast’s September issues trickled out of 4 Times Square late yesterday, and —…
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Hypocrisy and That Erin Andrews Peephole Video
ESPN sideline reporter gets victimized twice, first by “a perv-cam-wielding sicko” and then by the media reporting on the sicko’s actions
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How Janice Min is Leaving ‘US’
Janice Min, the editor of US Weekly, told her staff at Wenner Media in a letter that she is leaving the magazine after six years in the top editorial slot. “In short, I decided it was time to try something else in my life, do a little Gosselin detox and occasionally go out on…
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Defining Moments Post-Cronkite: Palin, Williams, Gibson
The Kennedy assassination. The moon landing. The Nixon resignation. Walter Cronkite had a few lifetimes’ worth of signature, career-defining, on-air moments during his 20-year career as host of the CBS Evening News. But what about the network anchors who came after Cronkite? To be fair, Cronkite didn’t have competition from cable news…
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The Night I Met Walter Cronkite
… was the night I got kicked out of Tom Freston’s house. Allow me to explain. I had been invited — along with other dozens of other media people and assorted socialites — to the ex-Viacom chief’s Upper East Side townhouse by Arianna Huffington to celebrate the publication of her book, “On Becoming Fearless.”…
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In Tribute to Cronkite, CNN Becomes CBS for a Night
CNN, MSNBC and Fox News devoted most of their Friday evening coverage to Walter Cronkite, the legendary newsman and iconic CBS anchor, who died at the age of 92 at his New York home. CBS did not. The network, on which Cronkite became the "most trusted man in America" during his 20-year tenure as evening…