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A&E Networks purchase stake in Vice Media

The Hollywood Reporter | New 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 … Read More
NEWS

New York Post editor heading to Australia, Time Warner Cable CEO retiring

Capital New York | New York Times Col Allan, Editor-in-Chief of the New York Post, is heading to Australia to help lead News Corp.'s papers there. Capital New York's Joe Pompeo reports that Allan will provide "extra editorial leadership": The Australian detail will last for two to three months, starting next Monday, and longtime News Corp. lieutenant Jesse Angelo will oversee the Post during that time. All of this is sure to fuel speculation about Allan and Angelo's futures at the Post. Insiders have been wondering how much longer Allan will stay on as editor, and Angelo has long been seen as heir to the editorship. In other leadership news, Time Warner Cable announced that CEO Glenn Britt is retiring. Britt, who has led the company since 2001, will be succeeded by Chief Operating Officer Robert D. Marcus. Read More
NEWS

Report: Digital ad exec Laura Lang chosen to lead Time Inc.

The Wall Street Journal | Ad Age Time Warner has reportedly picked a digital advertising executive with no magazine experience, Laura Lang, to take over as CEO of Time Inc. She is the current CEO of Digitas, one of the largest digital agencies. Ad Age reports that Lang has "a more measured personality, and speaks very deliberately and diplomatically" -- in contrast with previous Time CEO Jack Griffin who was fired about nine months ago. The Wall Street Journal notes her advertising and marketing experience may be useful in helping the company "grapple with a murky print-advertising picture and the migration of consumers to digital devices." Poynter's media business analyst Rick Edmonds said: "It's a marker of a venerable legacy media organization giving the reins of the company to a digital person. She's got a lot of business experience." Read More
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