Wednesday media highlights

July 1, 2009

News about the media industry:

Netflix looks to future but still going strong with DVD rentals (USA Today)
“Netflix CEO and co-founder Reed Hastings doesn’t think his 58 distribution centers are in immediate danger of becoming obsolete, but he knows that day will come. He believes DVD rentals have four to nine years to keep growing, despite inroads in Internet delivery of movies to set-top TV boxes and other video-on-demand options,” writes Jefferson Graham.

Murdoch on newspapers (and other things)

June 8, 2009

News Corp Chief Executive showed up for his latest interview on the Fox Business Network (which he owns) on Monday. Here is a transcript of some of his remarks. He covered a lot of ground, from tonight’s union concession vote at The Boston Globe to the future of newspapers and the inclusion of software on computers sold in China that will block access to certain websites. We are providing excerpts — we trimmed for length, most notably excising his comments on healthcare and taxes (We know it’s the Internet, but we had to shorten it up a bit. You can see or read the whole thing here.

News Corp shareholder fails to make the cut

June 4, 2009

Today’s important lesson for shareholders: If you want to try to change the way things work at News Corp, you’d better make sure your paperwork is in order.

Murdoch says no to U.S. government newspaper bailout

May 28, 2009

News Corp Chief Executive and newspaper empire builder Rupert Murdoch showed up on the Fox Business Network (which he owns) on Thursday to talk about the future, or lack thereof, of newspapers.

Dow Jones cuts back on benefits

May 18, 2009

The Wall Street Journal has been making plenty of hay about its rising circulation and the growing number of people online who are using the site, but parent company News Corp is cutting costs as the whole media business suffers from the recession. To that end, here is Dow Jones Chief Executive Les Hinton’s Monday memo on some benefits cutbacks that the company is instituting.

Murdoch toys with idea of Kindle-like reader

May 6, 2009

Where will the mogul strike next? Doesn’t seem like he’s yearning right now for The New York Times, which is doing battle with a guild that doesn’t want to give up lifetime job guarantees of 190-odd Boston Globe staffers.

Dear advertiser, please come home

April 30, 2009

Nobody likes to be wrong, including the people who run media companies. That’s why you haven’t heard them say things like, “We think the advertising market is recovering!” At a time when every day might bring a fresh descent into financial hell as financial companies and automakers totter, media companies reeling from ad revenue declines are hesitant to say that they’ve hit a bottom.

What does Wall Street think of Yahoo the morning after?

April 22, 2009

The reaction to Yahoo’s earnings in the stock market this morning was relatively positive. Shares rose 2 percent right off the bat, but we’ll see what happens as the day rolls on. Meanwhile, here are what some Wall Streeters had to say about the quarter in various research reports.

Join MySpace, be a journalist

April 20, 2009

When News Corp appointed a senior executive last week to oversee a project to share news among its various properties, we didn’t realize that it was including MySpace. Well, maybe “including” is a bit too expansive a word, but check out this announcement that came from the online social network on Monday:

Comcast CEO Roberts makes the Top 15 on pay

April 6, 2009

While we were at The Cable Show last week, Comcast filed a documents with securities regulators detailing its 2008 executive compensation. The filing showed that Chief Executive Brian Roberts received $23.7 million in 2008 up from $20.8 million in 2007 but below his 2006 payout of $26 million.