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Tagged: News Corp.

Roundup: Media & Entertainment

• 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] More

Roundup: Media & Entertainment

• The cuts continue at Time Inc. Fortune Small Business was shuttered today. And as many as 500 employees may lose their jobs when all is said and done. Meanwhile, parent company Time Warner reported a drop in revenues and earnings in the third quarter, as expected. [NYT, WWD, AdAge, NYP]
• Profits were up at News Corp. thanks to its film, cable, and book units. [BN]
• The publisher of Marie Claire has jumped over to Vogue. [NYO]
• Fox News came out on top in the ratings with its election night coverage. CNN performed miserably, dropping down to fourth place. [NYT, Politico]
• WNET is giving employees off between Christmas and New Year's. It's not to be nice; it's designed to cut costs since the days off are unpaid. [Crain's]
• A theory as to why Tom McGeveran quit the Observer. [Daily Intel]
• Highlights from last weekend's Tribeca Film Festival, Doha edition. [Vulture] More

Roundup: Media & Entertainment

• The job cuts at Condé Nast continue. (Apparently laying off everyone at once would have just been too easy.) Yesterday it lowered the boom at Vanity Fair and GQ, although VF editor Graydon Carter managed to shield his eyes from carnage since he'd jetted off on vacation earlier that morning. [NYP, WWD]
• News Corp. appears to be the front-runner to buy the Travel Channel. [NYT]
• NBC has picked up Community, Parks and Recreation, and Mercy for the full season. It's also signed Adam Carolla and Don Cheadle to each do a show.
• Last night's premiere of The Jeff Dunham Show set a new record for Comedy Central, which, if you've seen Dunham, is a sad statement indeed. [Wrap]
• Silliest rumor of the day: Politico reported this morning that friends were urging Fox News chief Roger Ailes to run for president in 2012. But that's not going to happen, of course, so a few hours later Politico posted Ailes' denial.
• The first official portrait of the Obamas was taken by Annie Leibovitz. [VF]
• A few early predictions for Best Picture, if you're interested. [LAT]

Media Roundup

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

• 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]More

Media Roundup

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

• 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]More

Media Roundup

Leno's Debut, The Sale of BW, Harvey's Latest Loss

• So how did Jay Leno's new show do? He hit it out of the park ratings-wise, roping in an estimated 18 million viewers. The reviews were all pretty lousy, though, so don't be surprised if it's all downhill from here. [AdAge, LAT, THR]
• The sale of BusinessWeek: Bruce Wasserstein has dropped out as a potential acquirer of the struggling mag. And it's cutting 20% of its staff. [BW, NYT]
• ABC News has apologized to the White House for Nightline anchor Terry Moran's tweet about Obama calling Kanye West a "jackass." [LAT]
• Speaking of the White House, Barack Obama will be David Letterman's guest on Monday night; it's the first time a sitting president has done the show. [NYT]
• Oprah's season premiere scored big thanks to Whitney Houston. [Wrap]
• The House of Harvey has sustained another blow: Harvey Weinstein's 70 percent stake in the home-video distributor Genius Products, once worth as much as $400 million, is now pretty much worthless. [NYP]
• Speaking of the film mogul, The Weinstein Co. picked up the rights to A Single Man, designer Tom Ford's debut film, at the Toronto Film Festival. [THR] More

Media Roundup

Runway Debuts, Anna Gets a Pass, Harvey's Nail-Biter

• Last night's long-delayed premiere of the sixth season of Project Runway—on Lifetime, not Bravo—earned the show its highest ratings ever. [NYT, THR]
• Breathe easy: Anna Wintour's travel itinerary for the fall fashion shows in  London, Paris and Milan will not be affected by the recent round of budget cuts at Condé Nast. She'll be staying at the Ritz in Paris, as usual. [NYP]
• The cuts have claimed Condé's supply of coffee stirrers, however. [P6]
• Another member of the Sulzberger clan is joining the New York Times. [NYO]
• News Corp. has been meeting with newspaper publishers to discuss forming some sort of "consortium" to charge people for access to news online. [LAT]
• News Corp. is also in talks to sell its Dow Jones stock market index. [NYT]
Harvey and Bob Weinstein have a lot riding on the success of Quentin Tarantino's Inglourious Basterds. How is the movie expected to perform at the box office this weekend? Not too bad, per early estimates. [THR]More

Media Roundup

The Magazine Ad of the Future; Rupert Takes a Hit

• Get ready to see commercials appear inside magazines. CBS is embedding tiny screens in an upcoming issue of Entertainment Weekly, which will play a clip promoting the network's fall season. What will it look like? Like this. [WSJ]
• Poor Rupert: The billionaire chairman of News Corp. only collected a compensation package of $18 million for the most recent fiscal year, which is down from $30 million, or 40 percent, from a year earlier. [AP]
David Letterman continues to beat Conan O'Brien in the ratings. [NYT]
• Did Glenn Beck get yanked off the air after stirring up so much controversy recently, or is he on a regularly scheduled vacation? It's a mystery! [Politico]
60 Minutes is planning to air a tribute to Don Hewitt this Sunday. [NYT]
• Meghan McCain is returning to The View as a guest host. How thrilling. [NYP]
• Reader's Digest is one step closer to officially filing for bankruptcy. [NYT]
• What is Jayson Blair, the disgraced ex-New York Times reporter, up to these days? He's a "certified life coach" for a mental health facility. [Gawker, AP]

Blowhards

It's Back to Business as Usual For Keith Olbermann

144132So 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.More

Media Roundup

The Sale of The Globe, Olbermann's Worst Week Ever

• 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]More

Media Roundup

News Corp. Posts a Loss, O'Reilly Strikes Back

• 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] More

Media Roundup

Olbermann's Folly, Cuts at Condé, BusinessWeek Bids

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]More

Media Roundup

A Peace Pact For Cable News, The Bidders in Boston

• Détente? The feuding between Fox News and MSNBC has grown so fierce that News Corp.'s Rupert Murdoch and GE's Jeff Immelt met up recently "to figure out how to defuse tensions between the two channels." [LAT]
• The Boston Globe reports that two groups of investors have submitted preliminary bids to buy the newspaper from the New York Times Co. [AP]
• Breathe easy: Oprah has not been harmed. The suspicious package outside Winfrey's Harpo Studios this morning turned out to be harmless. [AP]
• All that idiocy on Lou Dobbs' part over the past couple of weeks hasn't done much to boost his ratings on CNN. His numbers continue to fall. [NYO]
• Those McKinsey consultants are paying off! Editors at Condé Nast were told yesterday they'll no longer be reimbursed for newspapers. [Daily Intel]More

Media Roundup

It's Fix-It Time At the New York Times

• How's the New York Times Co. planning to lift itself out of the financial mess it's been in? Times Co. chief Janet Robinson says more cuts are on the way and the company is planning to sell off more assets. Also, there's some sort of paid membership model in the works, apparently. [WSJ, Gawker]
• Related: The paper says it will sell its stake in the Red Sox by January. [BG]
• What you missed at Walter Cronkite's funeral yesterday. [NYT, WaPo]
• Best-selling author E. Lynn Harris has died. He was 54. [NYT]
More magazine is teaming up with Candace Bushnell on a new Web series starring 90210's Jennie Garth and Talia Balsam from Mad Men. [MW]
• After a ten-year run, today is Paula Froelich's last day at Page Six. [NYM] More

Media Roundup

Janice Min Leaves Us Weekly, The Trouble at Conde

• Janice Min isn't renewing her contract as editor-in-chief of Jann Wenner's Us Weekly. Her No. 2, Michael Steele, will become acting editor in chief. [NYT]
• Condé Nast announced yesterday that it had retained the management consulting firm McKinsey to "develop new perspectives." They sure have their work cut out for them. Condé revealed today that its monthly mags witnessed a 37 percent drop in advertising in September. [Gawker, AdAge, NYO]
• More pain at Condé may be on the way: "Significant cost cuts, including more layoffs and the closing of more magazines" are coming, says Keith Kelly. [NYP]
• Yet more Condé news: The company is closing down Men.Style.com so it can focus on the soon-to-be relaunched websites of GQ and Details. [AdAge]
• The Boston Globe's largest union voted yesterday to approve the new contract that had been proposed by the New York Times Co. [NYT, E&P]
• This can't be a good sign about the state of affairs at CNN: Time Warner Cable is moving it from channel 10 to 78 and replacing it with FX. [MCN]More