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Cablevision to Investors: Sorry We Bought That (Really Expensive) Newspaper...
What happens when you pay a whole lot of money for a newspaper as the newspaper industry is in freefall? You have to make an embarrassing admission to shareholders a year later. Last week, we saw News...
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Condé Nast CEO Chuck Townsend to the Troops: Keep Your Heads Up, and Your...
Condé Nast is “having the worst year of any publisher,” the New York Post reported last month. So the fact that that CEO Chuck Townsend sent out an all-hands memo entitled “Managing Through...
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Condé Nast's Most Drastic Cuts Yet: The Disappearing Town Car
Sure, fabled magazine publisher Condé Nast has been forced to shutter magazines and trim its staff. But now you know things have really gotten dire: It’s cutting back on cars. The New York Post’s...
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What Do Maxim Magazine, Chrysler and Your Tax Dollars Have to Do With Each...
What does the collapse of lad magazine publisher Maxim have to do with the auto industry’s bailout? More than you think, argues the New York Post’s Keith Kelly. If you’re interested in either...
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Yet More Cost-Cutting Coming to Forbes?
My former co-workers at Forbes are convinced that another round of cuts–it would be the third since November–is coming to the publisher. This won’t assuage their fears: High-profile investor Roger...
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Sun Valley Diary: Where's the New York Times's Sun Valley Diary?
Every year, media moguls gather at the Allen & Co. Sun Valley conference to listen to each other gab, parade around in casual wear and occasionally make deals. And for the last several years, the...
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Another Media Reporter Packs His Bags: Timesman Arango Headed to Iraq
Doesn’t anyone want to cover the media beat anymore? First, BusinessWeek’s super-sourced Jon Fine departs for a six-month globe-hopping sabbatical. Now the New York Times’s (NYT) Tim Arango is leaving...
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BusinessWeek's Future Is Cloudy, but Better Than It Could Have Been: The Grim...
BusinessWeek employees are waiting to hear if they’ll have jobs once Bloomberg takes over the publication, and I’m told that staffers expect to hear their fate shortly after Thanksgiving. “Either...
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Waiting for Vivendi: Comcast-NBCU Deal Needs a "Oui"
When will Comcast and GE’s NBCU finally unveil their hook-up plans? When Vivendi says they can. The former French water utility has the ability to hold up the deal due to its 20 percent stake in NBCU...
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Turnabout Is Fair Play: BoomTown Decodes Rupe's Journalism-Is-Not-a-Free-Cow...
Last week, BoomTown translated an opinion piece written by Google CEO Eric Schmidt and published in The Wall Street Journal that focused on defending the search giant from criticism that it was, well,...
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Sony Recruits News Corp. to Give Its Reader Line a Boost
How do you catch up to Amazon in the e-book race it is running away with? Maybe exclusive content will help. That’s what Sony says it is trying to do with News Corp. and some of its publications. The...
View ArticleSirius XM: Is Howard Stern Moving to American Idol?
Could Howard Stern be the next Simon Cowell? The New York Post reports that the producers of American Idol are eager to hire Stern for the show. The Page Six item says that Stern is the show’s top...
View ArticleSame Beat, Different Boss: New York Post Media Reporter Peter Lauria Jumps to...
Here’s yet another journalist leaving a big-time perch covering the media business. The twist is that while Peter Lauria is leaving his gig at the New York Post where he covered media moguls, he’s...
View ArticleRadio Shack Mulls Sale of the Company, New York Post Reports
Radio Shack (RSH) is “exploring strategic alternative including a possible sale of the company,” the New York Post reports this morning. Citing “people close to the situation,” the Post says the...
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IPad Bandit Terrorizes Gotham!
Holy gadget lust, Batman! Here’s one way to respond to a hardware shortage: A Manhattan Apple store lost two boxes of iPads in two different robberies last week. Police reports suggest that the same...
View ArticleFTC and EU Investigate Apple
The European Commission has now joined the Federal Trade Commission in investigating Apple’s mobile-software development policies to determine whether they’re anti-competitive, according to the New...
View ArticleComcast, NBC Announce the End of the Jeff Zucker Show
Not a surprise: NBC U head Jeff Zucker concedes that he will, in fact, step down once Comcast finishes buying his company from GE. The move was obvious to anyone who watched the two companies, but both...
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Microsoft's Billion Dollar Media Bailout Plan
The advertising recovery is already in the works, but this could help move it along quite nicely: Close to a billion dollars in marketing money, courtesy of Microsoft. That’s what Steve Ballmer and...
View ArticleReport: EMC Bidding to Buy Isilon
The New York Post is hearing from a source that data-storage leader EMC is wooing Isilon, a specialist in “clustered storage,” with a $2 billion acquisition offer and that a deal should be sealed...
View ArticleSeagate: Buyout Talks Live, Financing In Place, N.Y. Post Says
Seagate shares are getting a boost this morning from an upbeat story in the New York Post on the prospects for talks on taking the company private. Yesterday, the stock took a hit on a report that...
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