Feb 05, 2013
Media News and Moves for February
MEDIAware, PR Newswire’s Audience Research Department newsletter, features recent media news and job changes in the industry. Here is a sampling of this month’s edition:
Time Inc. (http://www.timeinc.com), publisher of Time Magazine, Sports Illustrated, People and In Style announced that they would be laying off 500 employees across the world. These cuts include 250 jobs in New York which accounts for 6% of its workforce. Among those cut was Health Editor-in-Chief Ellen Kunes. Time Warner CEO Jeff Bewkes and Time Inc. CEO Laura Lang‘s put the layoffs in motion after Time Inc. saw a 6% decrease in revenue in the third quarter of 2012. The culprit of the layoffs was a revenue shortage caused by the drops in print advertisments and magazine subscriptions.
Al-Jazeera (http://www.aljazeera.com and https://twitter.com/ajenglish) purchased Current TV (http://current.com) for $500 million. Current TV was former U.S. Vice President Al Gore’s startup vehicle designed to provide news analysis, politics and commentary. This purchase puts Al-Jazeera into nine times the amount of homes it was reaching previously.
The Boston Globe could be up for sale again. The New York Times Company tried selling the paper three years ago but was unsuccessful in finding a deal. The possibility of selling the paper was revisited again last year although CEO Janet Robinson wanted to wait in hopes that the launch of the Globe’s new pay wall would improve its sales.
Univision has renamed and rebranded their Telefutura network. It is now named Unimas. http://tv.univision.com/unimas/
This month The New York Times (http://twitter.com/nytimes) announced major changes to its masthead with several top veterans accepting buyout packages. Among those saying their final good byes to the paper are Assistant Managing Editor Jim Roberts, Sports Editor Joe Sexton, and Culture Editor Jon Landon. The buyout packages were developed as a way to avoid major layoffs and did alleviate the bulk of the necessary budget cuts. Editor Jill Abramson (email@example.com) (https://twitter.com/JillAbramson) expressed sincere gratitude to all those who will be bidding the paper farewell. Now that the NYT’s shake-up at the top has come to an end, expect several familiar names at the paper to take on new and increasing responsibilities.
Boston’s Phoenix Media WFXN-FM has been sold to Clear Channel Communications. Only the signal has been sold, Phoenix Media will keep its call letters. The station consisted of 21 employees. Most of the employees’ have left except for Program Director Paul Driscoll and Promotions Director Mike Snow.
The Crossover (https://twitter.com/crossover) is a brand new show which premiered on January 26th on the NBC Sports Network. The show is hosted by Michelle Beadle (https://twitter.com/MichelleDBeadle) and Dave Briggs (https://twitter.com/DaveBriggsTV). Beadle is a former ESPN SportsNation host and Briggs is a former “Fox & Friends” host. The show features sports news, pop culture and social media news.
The Financial Times (http://www.ft.com and https://twitter.com/FinancialTimes) is planning to cut 25 jobs via either buyouts or layoffs. Editor Lionel Barber believes this will save up to $2 million a year. He also hopes to add 10 new staffers to the digital side of their operation.
SiriusXM Satellite Radio (http://www.siriusxm.com) added two million new subscribers in 2012. They now have 23.9 million subscribers tuning in daily.
The Tribune Company has emerged from bankruptcy. After restructuring, the company is anticipated to trade its newspaper assets and focus on its 23 television stations, including WGN America. Peter Liguori has been named CEO of Tribune Company. He will manage the Tribune Broadcasting Company network and the company’s publishing and digital operations. Liguori most recently served as COO at Discovery Communications.
There’s a new publication in Miami, Florida. NEW YOU magazine (http://www.newyoumedia.com) is a quarterly magazine dedicated to helping women find the latest anti-aging methods and technologies. Ruchel Louis Coetzee (firstname.lastname@example.org) is the Editor. Follow NEW YOU on Twitter at http://twitter.com/NewYouMedia
Earlier this month, Editor-in-Chief Cindi Leive (email@example.com) (https://twitter.com/cindi_leive) announced the addition of Ying Chu (firstname.lastname@example.org) (https://twitter.com/yingchunyc) to the Glamour (http://twitter.com/glamourmag) masthead as the new Executive Beauty Editor. Chu comes to the magazine after a stint as Marie Claire‘s Beauty and Health Editor for several years.
The Washington Times (http://www.washingtontimes.com and https://twitter.com/washtimes) started the year with at least 20 layoffs including Sports Reporter Patrick Stevens (https://twitter.com/D1scourse). Executive Editor David Jackson had announced in November that there could be layoffs and there were in January.
Joanna Coles (https://twitter.com/JoannaColes), who just recently took over as Editor-in-Chief of Cosmopolitan magazine (http://www.cosmopolitan.com/ and https://twitter.com/Cosmopolitan and https://www.facebook.com/Cosmopolitan) made an exciting announcement earlier this month. The magazine will be featured on an upcoming reality show on CBS called, “The Job” (http://www.cbs.com/shows/the-job/ and https://twitter.com/TheJobCBS). Coles is no stranger to the TV world as she had a recurring mentor role on the hit show, “Project Runway” while she was Editor-in-Chief at Marie Claire. “The Job” will air on Fridays at 8pm ET in February and Cosmopolitan will be featured on its second episode airing on February 15th. Five contestants will compete for an editorial assistant position at Cosmopolitan.
The Star-Ledger (http://www.nj.com/starledger/) recently announced a large-scale layoff of 34 employees including 18 from the newsroom. The layoffs were due to financial hardships and the effects of Hurricane Sandy. The paper is also considering outsourcing the printing and packaging of the paper. The following link is provided for additional information on this story: http://www.nj.com/news/index.ssf/2013/01/star-ledger_announces_layoffs.html. The Star-Ledger can be followed on Twitter: https://twitter.com/starledger and on Facebook: http://www.facebook.com/Star.Ledger.
After a short prime time career WNYW-TV’s (http://twitter.com/myfoxny) Greg Kelly (http://twitter.com/gregkellyfox5) will be returning to “Good Day New York” as Co-Anchor with Rosanna Scotto (http://twitter.com/rosannascotto). The network announced that Kelly would Anchor the 6:00 p.m. and 10:00 p.m. newscast just a few months ago while veteran Dave Price (http://twitter.com/DavePriceTV) returned to the network taking over Kelly’s open morning spot alongside Scotto. However, in an unexpected turn of events Price will once again depart from the network allowing for the return of Kelly. Additionally, current early morning Anchor Steve Lacy will be filling in during Kelly’s prime time spots.
ESPN all-pro Sports Reporter Rachel Nichols (https://twitter.com/Rachel__Nichols) has traded teams and is headed to CNN (Cable News Network) to become a Sports Anchor/Reporter there.
You can view the whole February January issue of MEDIAware here: http://www.prnewswire.com/knowledge-center/mediaware/
And all of the Regional Updates here: http://www.prnewswire.com/knowledge-center/mediaware/February2013UpdatesByRegion.html
You can also follow all of the latest media moves and news from PR Newswire’s Audience Research Department on Twitter at: twitter.com/PRNmedia