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  • Gerrit Eicker 08:16 on 13. November 2010 Permalink
    Tags: , , , , , , , , , , , , , , Newsweek, , , , , ,   

    The Daily Beast + Newsweek 

    Merger of The Daily Beast and Newsweek: combined newsrooms and ad sales, independent brands? http://eicker.at/NewsweekBeast

     
    • Gerrit Eicker 08:27 on 13. November 2010 Permalink | Reply

      Newsweek: “Newsweek magazine and The Daily Beast, an operating company of IAC, announced today they have agreed to merge their operations in a joint venture to be owned equally by Sidney Harman and IAC. – The new entity will be called The Newsweek Daily Beast Company. The directors of the joint venture will include Dr. Harman as Executive Chairman, IAC Chairman Barry Diller, and one director each to be appointed from either side. … ‘I see Newsweek and the Beast as a marriage between Newsweek’s journalistic depth and the vibrant versatility The Daily Beast has realized on the web,’ said Ms. Brown. ‘The metabolism of The Daily Beast will help power the resurgence of Newsweek and Newsweek amplifies the range of talent and audience The Daily Beast can reach. The two entities together offer writers, photographers and marketers a powerful dual platform.‘ … ‘Consumers and advertisers value media distributed across multiple platforms,’ said Mr. Colvin. ‘The merger of The Daily Beast and Newsweek audiences creates a powerful global media property for the digital age.‘”

      Brown, TDB: “Some weddings take longer to plan than others. The union of The Daily Beast and Newsweek magazine finally took place with a coffee-mug toast between all parties Tuesday evening, in a conference room atop Beast headquarters, the IAC building on Manhattan’s West 18th Street. The final details were only hammered out last night. – What does this exciting new media marriage mean? It means that The Daily Beast’s animal high spirits will now be teamed with a legendary, weekly print magazine in a joint venture, named The Newsweek Daily Beast Company, owned equally by Barry Diller’s IAC and Sidney Harman, owner (and savior) of Newsweek. … It takes two inspired entrepreneurs like Barry Diller and Sidney Harman to undertake such a challenging media experiment. … Both of us look forward to joining with Sidney Harman, who made his fortune and reputation as founder of Harman International, the worldwide audio manufacturer, and has a mind that’s alive with a cultural curiosity that’s exactly what you need to succeed in the publishing world. I very much admire his passion to restore Newsweek to its glory days, and with a bit of luck and a lot of hard work, we will. Join us for the journey!”

      Guardian: “Merger talks reportedly broke down in late October because Sidney Harman, who bought Newsweek in August for $1, balked at terms that denied him the power to dismiss Brown while giving the British editor freedom to report to an independent board.”

      NYT: “The arrangement is in many ways a win-win for both sides, with Mr. Harman getting a respected editor who will generate buzz around a magazine that many in the publishing world had left for dead, and Ms. Brown gaining an editing job back in a well-known publication. – It also gives Mr. Diller, a member of the board of The Washington Post Company, the longtime former owner of Newsweek, a print magazine. That has the potential for far more revenue than The Daily Beast, a digital news and aggregation enterprise that has been neither fish nor fowl.”

      NYT: “People who have spoken with and consulted Mr. Diller on the Newsweek talks said that over the course of the discussions with Sidney Harman, the magazine’s new owner, Mr. Diller became increasingly enamored with the idea of idea of coupling his two-year-old start-up with one of the most established brands in print journalism. … The merger is likely to come with other forms of consolidation. One of the main reasons the merger appealed to Mr. Diller and Mr. Harman was that combining the newsrooms and business sides would allow them to reduce staffing. When asked about possible job cuts on Friday, Ms. Brown said, ‘We’re going to have to look at the whole business model, the whole editorial model, and we’ll have to make our assessments.‘”

      AdAge: “It remains to be seen how the marriage works once the honeymoon is over. Back when the deal seemed dead, Ms. Brown seemed to think that walking away was the best idea. The ‘complexities’ of Newsweek’s ‘infrastructure, legacy and our desire to stay nimble ultimately made this not the right decision at this time,’ she said then in an email to The New York Times.”

      pC: “One of the big questions as the two media outfits come together is whether they can both rein in costs or whether this will compound their respective cash flow problems. At the time of Harman’s purchase of Newsweek barely two months ago, the magazine was expected to lose another $20 million by the end of the year. Meanwhile, Daily Beast, which just celebrated its second anniversary in October, will lose about $10 million, according to the WSJ.”

      TC: “Combining the two news brands would be a disaster. Just look at what each publication stands for. Newsweek is a storied publication whose tag line is, ‘What Matters Most.’ The Daily Beast’s, meanwhile, is. ‘Read This Skip That.’ … The plan seems to be to combine the newsrooms and the ad sales, but keep the properties independent. The magazine will be a place for longer narratives and investigative pieces. The web will be for breaking news. … IAC confirms the two sites will likely be combined under the Daily Beast. – Comscore estimates that the Daily Beast is pulling in 2.9 million unique visitors a month, while Newsweek.com is attracting 5.4 million. But those are two very different audiences looking for different things.”

  • Gerrit Eicker 12:24 on 7. June 2010 Permalink
    Tags: , , , , , , , Newsweek, , , ,   

    Newsweek Advice 

    David Carr gives some meaningful advice to the struggling Newsweek … and other magazines too; http://j.mp/brO6lf

     
  • Gerrit Eicker 08:51 on 6. May 2010 Permalink
    Tags: , , , , , , , , Newsweek, , , , , ,   

    Newsweek for Sale 

    The Washington Post Company announced to sell Newsweek, first published in 1933; http://j.mp/cC3u2v

     
  • Gerrit Eicker 07:15 on 13. October 2008 Permalink
    Tags: , , , , , Newsweek,   

    From Articles to eBooks 

    Newsweek republishes articles about the election-campaign: they go back on sale for Amazon‘s Kindle; http://is.gd/3XwC

     
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