Articles about "Time Warner"


A&E Networks purchase stake in Vice Media

The Hollywood ReporterNew York Times | The Huffington Post | Financial Times |

A&E Networks will pay $250 million for a 10 percent stake in Vice Media, a deal that values the company at 2.5 billion, Paul Bond wrote in The Hollywood Reporter Friday.

Earlier in the day, Time Warner dropped its bid to purchase a stake in Vice Media, a deal reportedly fell through because the two companies could not agree how much Vice Media was worth, Jonathan Mahler wrote for The New York Times. He wrote one possible outcome for the deal might have included giving Vice control of HLN, a network owned by Time Warner that has seen flagging ratings recently.

Vice chief executive Shane Smith told Financial Times that the investment from A&E was “a great deal,” adding that it will enable the company to grow for another three years.… Read more

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Tennessean-AP

Tennessean will use data, not ‘the journalist’s gut,’ to make decisions

Good morning. Here are 10 (ha ha, OK, you got me, it’s more than 10) media stories.

  1. 21st Century Fox won’t pursue Time Warner: Rupert Murdoch sent a honcho-to-honcho email to Jeffrey L. Bewkes Tuesday afternoon, notifying the Time Warner chief he was withdrawing his previous offer. (NYT) | “Arguably, shareholders had scuttled” the deal already, Brian Stelter writes: “21st Century Fox shares had dropped nearly 10% since the initial bid for Time Warner earlier this summer.” (CNN) | “Long media nerd earnings day. Was going to be fun. But now… [sad trombone]” (@pkafka) | “One large Fox investor said the market is worried about Murdoch’s discipline when it comes to deal-making,” Cristina Alesci reported Tuesday morning. (CNN) | Time Warner revenue was up 3 percent in the second quarter of 2014 over the same period the year before.
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Earns Gannett

Gannett spins off, Murdoch and Time Warner square off

Good morning. Here are 10 media stories.

  1. Gannett will split publishing, broadcast assets: Its acquistion of broadcast companies and the 73 percent of Cars.com it didn’t own make this “the right time for a separation,” CEO Gracia Martore says in a statement. Robert J. Dickey will run the publishing company, which be called Gannett and will hold USA Today and 81 dailies, plus the U.K.’s Newsquest. (Poynter) | Just yesterday, Ken Doctor asked whether Gannett would be the next big media company to split its assets. (Nieman) | Rick Edmonds explained the rash of splits last week. Newspaper groups can “theoretically do better with management whose exclusive focus is on the particular challenges of that industry,” he wrote. (Poynter)
  2. Let us now observe Rupert Murdoch’s mating dance: Time Warner’s “unyielding stance has at least some analysts wondering if an acquisition really is inevitable,” Jonathan Mahler writes.
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Nelson Mandela

The New Yorker still fact-checks more than you do

Good morning. Here are 10 (or so) media stories.

  1. What happened between NBC News and Ayman Mohyeldin? NBC News said Friday it would return the reporter to Gaza. (HuffPost) | The clumsy move was less a conspiracy than a “news division making mistakes through ratings nervousness.” (CNN) | Here’s a Mohyeldin report from this morning. (NBC News)
  2. The new NewYorker.com launches: “The Web site already publishes fifteen original stories a day. We are promising more, as well as an even greater responsiveness to what is going on in the world.” (The New Yorker) | The publication assigns one fact-checker to its website: “And not to be defensive, but that’s one more fact-checker than probably anyone else has,” Editor David Remnick says.
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Rupert Murdoch

Rupert Murdoch is not giving up, the BBC cuts hundreds of jobs

Good morning. Let’s do this. … Read more

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AP-US-Rupert-Murdoch-Divorce

Rupert Murdoch bids on Time Warner

Good morning. Here are 10 media stories.… Read more

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Comcast becomes Autobot in Taiwanese animation about Time Warner deal

Next Media Animation’s video about Comcast’s proposed purchase of Time Warner Cable does not disappoint. At one point, hoodie-clad young men with the names of various networks — ESPN, Fox, HBO — chase cable guys across a playground with machine guns blazing. But then the cable guys’ vans turn into a giant robot that vaporizes the network dudes. The robot then mugs a subscriber.

Later the new company stops the same poor schmuck from downloading a picture of a naked woman. “Sounds like a win-win situation,” the narrator says.

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COMCAST ON DEMAND

Local stations ‘have reason to sweat’ over Comcast-Time Warner deal

Comcast | The New York Times | MarketWatch | CNBC | The New Yorker | Los Angeles Times

Comcast announced Tuesday it intends to purchase Time Warner Cable for about $45 billion.

Such a merger “may have little impact on consumers,” David Gelles writes in The New York Times. The two companies “do not compete directly in any markets,” and Comcast “is expected say it is willing to divest three million of Time Warner Cable’s roughly 11 million pay television subscribers,” Gelles writes. The deal is “pro-consumer, procompetitive and strongly in the public interest,” Comcast CEO Brian Roberts said in a conference call.

Increasingly in the TV business, size matters. “The bigger the cable company, the more leverage it has with local station groups when it comes time for retransmission talks,” Poynter’s Al Tompkins wrote in an email.… Read more

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Media General reports net loss, CNN has higher ratings

Media General | TVNewsCheck | Los Angeles Times

Media General reported a net loss of $16 million in the second quarter of 2013, but revenues grew in several advertising categories, including automotive, furniture and home improvement.

Revenue from political advertising fell 86 percent, not exactly a surprise in an odd-numbered year. Also missing this year: Olympics revenue. “Total station revenues in the third quarter this year will decrease due to the near absence of these revenues,” the company says in its earnings release.

The company spent $19.5 million on interest in the second quarter. Retransmission fees increased, as did digital revenue.

Time Warner announced its second quarter earnings Wednesday, reporting a 10 percent rise in revenue. CNN’s ratings were up “almost 70 percent in its key demo,” the company’s release says.… Read more

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Katie Couric, Sean McManus

Time Warner offers to ‘unbundle’ CBS channels

Robert Marcus, the incoming CEO Time Warner Cable offered to “unbundle” CBS programming as a way to get the network back on the cable system. Time Warner blocked CBS programs in New York, Los Angeles, Dallas and in parts of a number of other markets in a dispute over the cable company’s rights to carry CBS’ programs.

Until now, the battle has affected only CBS-owned stations serving customers also served by Time Warner.  But now, Time Warner is opening the door to an idea that until now, cable companies have vigorously resisted.

The offer, in a letter from Marcus to CBS, would allow customers to decide if they wanted CBS programming and if so, they would pay specifically for that.

In other words, the new offer includes allowing Time Warner Cable customers to choose a plan that includes CBS or not.… Read more

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