One of the first questions I asked Jim Brady when he went public with his Allbritton local news startup was when would Erik Wemple be joining? The answer is now. Wemple, the high-profile editor of alt-weekly Washington City Paper for the last eight years, will be the new enterprise’s editor, reporting to Brady, president of...
Dow Jones In Negotiations With Hearst To Buy Remaining Half Of SmartMoney
Dow Jones (NYSE: NWS) wants to buy the 50 percent stake it doesn’t currently have in personal finance mag SmartMoney from Hearst, the WSJ reports, citing unidentified sources. No word on what price DJ is offering for the magazine, though a deal could be hammered out by next...
MTV Digital Reorg: McDonnell To Head Fusion; Tribes’ Hopkins Gets Expanded Marketing Role
As MTV Networks (NYSE: VIA) ad execs begin meeting with marketers and media buyers for this year’s upfront, the Viacom unit is putting some finishing touches on reshaping its digital team. Later this morning, MTVN will announce that Suzanne McDonnell (image, left) will lead the Digital Fusion unit, while Heather Hopkins will...
Help Wanted? Monster Cuts 200 Jobs
Considering that unemployment is still up double digits and the unemployment classifieds ad revenue continues to plummet, it’s not all that ironic to learn that even recruitment site Monster Worldwide is laying off 200 staffers. The cuts represent about 3.5 of Monster’s global workforce, which is now roughly 5,600. The layoffs,
NYTimes.com Reaches Out To NYU For Hyperlocal East Village Site
The NYTimes.com’s latest community news site is centered in the East Village, a few miles downtown from its own midtown headquarters. The East Village site will be part of The Local, the hyperlocal project it started last year. The project will be run by New York University’s journalism faculty and...
Video @ paidContent 2010: New York Times Execs On Metered News And More
For nearly 40 minutes, top executives from The New York Times Co. (NYSE: NYT) took questions from interviewer Staci D. Kramer, co-editor and EVP of ContentNext Media, and participants in paidContent 2010. Arthur Sulzberger, Jr., chairman and publisher; Janet Robinson, president and CEO; and Martin Nisenholtz, SVP-digital operations, knew the interest would...
Polyvore Names Ex-Google Latin America And Asia-Pacific Chief CEO
A very high-profile hire for fashion site Polyvore. The startup, which lets users mix and match products from any online store and then share their creations with others, has added Sukhinder Singh Cassidy, who formerly led Google’s operations in Asia-Pacific and Latin America, as CEO. Singh Cassidy had left Google...
Advanced Ads: 3 Reasons Why The Wait Is Over
A nagging chicken-and-egg problem has held back advanced TV advertising, which promises richly interactive and highly targeted capabilities combined with the massive reach of television.
The Catch-22 is this: Big buyers want to reach a big audience. But the TV industry hasn’t had an incentive to invest in advanced capabilities because the ad dollars aren’t there....
Bloomberg Acquires Govt Data Firm As Part of Continued Expansion
Bloomberg, which is on a mandate to move into various verticals beyond its core, has now acquired Fairfax, VA-based government data publishers Eagle Eye Publishers. Terms of the deal were not disclosed, but this is Bloomberg’s third acquisition in the last few months, after BusinessWeek (for its consumer push) and
Reader’s Digest Emerges From Chapter 11; Cuts Debt By 75 Percent
After a series of delays, the Reader’s Digest Association has finally emerged from bankruptcy having reduced its debt by 75 percent, the company said. The publisher, which filed for Chapter 11 protection last August, has received $525 million in exit financing from a bond refinancing that will provide RDA with an estimated $30...
@pc2010: FT.com’s Grimshaw: News Readers Are Willing To Pay—At Least For A Day
The FT.com, whose metered model has been considered an example for other outlets, such as the NYTimes.com, has 1.9 million registered users, plus 121,000 paying subscribers, said the site’s Managing Director Rob Grimshaw in a Q&A with ContentNext Managing Editor Ernie Sander at paidContent 2010.
Grimshaw on why the FT is also offering...
MarketWatch Launches Paid Newsletter ‘Revolution Investing’; More Premium Offerings To Come
While others are trying to figure out how to charge for their content, Dow Jones’ financial news site MarketWatch is plowing ahead with plans for several new pay-to-subscribe newsletters. On Monday, MarketWatch will unveil Revolution Investing, a premium newsletter aimed at traders for an annual fee of $199; the early-bird rate is $99....
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