MediaFile

Zelnick’s New Media Dinner: a new ideas exchange?

On the evening of Nov 2, about 70 people — new media upstarts and old media stalwarts, brand-name investors and top company executives — gathered at the Manhattan home of Strauss Zelnick to talk shop.

This was the third such gathering that Zelnick and his co-hosts organized, with the aim of bringing New York’s best media-focused minds under one roof to talk about the future of the business. In keeping the setting intimate and the number of invitations in the ballpark of about a hundred people, the organizers hope to turn the “New Media Dinner” into a recurring salon-of-sorts, where ideas, capital and expertise can mix and match.

In a half-hour chat before the guests started arriving, Zelnick and two of the co-hosts, drop.io founder Sam Lessin and Thrillist’s Ben Lerer explained to me how this all came about.

For Zelnick, chairman of video-game publisher Take-Two and co-founder of private equity firm ZelnickMedia Corp, the idea of organizing the event sprang from “a desire… to meet the next generation of leaders in the media business.” Naturally, he turned to Lessin and Lerer, who are now in their 20s but who have known Zelnick since they were in their teens and frequently turn to him for advice on their ventures.

“I suspect that between the organizers, we collectively know almost everybody doing the most interesting things in new media in New York,” Zelnick said. News Corp’s Jeremy Philips and venture capitalist Stuart Ellman of RRE Ventures were the other co-hosts for the evening.

Pay old-media execs to help you charge for new media

Three of the traditional media world’s brightest stars have a bright idea: Start a consultancy to help old-media companies charge for their content online. (And announce the venture in an old-media publication.)

From The Wall Street Journal’s website on Tuesday afternoon:

A trio of media executives is starting a firm to guide efforts by newspapers and other publishers to charge for content posted on their Web sites as advertising revenue tumbles.

The venture, Journalism Online LLC, is being led by Steven Brill, the founder of the American Lawyer magazine and Court TV; Gordon Crovitz, a former publisher of The Wall Street Journal; and cable-television veteran Leo Hindery.