Peter's Feed
Feb 16, 2013

News Corp, popular tech blog contemplate split -sources

Feb 15 (Reuters) – AllThingsD, the widely read technology
blog run by Kara Swisher and Walt Mossberg, has begun
discussions with owner News Corp about extending or
ending their partnership, sources familiar with the situation
told Reuters.

According to these sources, AllThingsD’s contract with News
Corp expires at the end of the year. One of the sources said
Swisher and Mossberg have to deliver a business plan by next
week to Robert Thomson, the former Wall Street Journal managing
editor who will run News Corp’s publishing unit as CEO after it
is spun off.

Feb 15, 2013

Exclusive: News Corp, popular tech blog contemplate split – sources

By Peter Lauria and Nadia Damouni

(Reuters) – AllThingsD, the widely read technology blog run by Kara Swisher and Walt Mossberg, has begun discussions with owner News Corp about extending or ending their partnership, sources familiar with the situation told Reuters.

According to these sources, AllThingsD’s contract with News Corp expires at the end of the year. One of the sources said Swisher and Mossberg have to deliver a business plan by next week to Robert Thomson, the former Wall Street Journal managing editor who will helm News Corp’s publishing unit as CEO after it is spun off.

Feb 13, 2013

Time Warner in talks with Meredith on magazines: source

By Peter Lauria

(Reuters) – Time Warner Inc is in talks to sell the majority of its magazine division to Meredith Corp, according to a source familiar with the situation.

The source, who asked not to be named, said the talks are in the early stages and were “very fluid.” The valuation being ascribed to Time Inc, the nation’s largest magazine publisher with titles such as Time, Sports Illustrated and People, ranges from $2 billion to $3.5 billion.

Feb 13, 2013

Comcast to buy rest of NBC Universal from GE in $16.7 billion deal

By Liana B. Baker and Peter Lauria

(Reuters) – Comcast Corp clinched full control of NBC Universal for $16.7 billion on Tuesday, the latest in a series of deals that have taken the cable operator from humble roots in Tupelo, Mississippi, to Manhattan’s iconic Rockerfeller Center.

The nation’s largest cable operator unveiled plans on Tuesday to buy out General Electric Co’s remaining 49 percent stake in the NBC Universal joint venture. That gives it full control of one of the industry’s largest and most profitable stable of cable networks, as well as the NBC broadcast network with its recognizable peacock logo.

Feb 13, 2013

Comcast to buy rest of NBC Universal from GE in $16.7B deal

Feb 12 (Reuters) – Comcast Corp clinched full
control of NBC Universal for $16.7 billion on Tuesday, the
latest in a series of deals that have taken the cable operator
from humble roots in Tupelo, Mississippi, to Manhattan’s iconic
Rockerfeller Center.

The nation’s largest cable operator unveiled plans on
Tuesday to buy out General Electric Co’s remaining 49
percent stake in the NBC Universal joint venture. That gives it
full control of one of the industry’s largest and most
profitable stable of cable networks, as well as the NBC
broadcast network with its recognizable peacock logo.

Feb 1, 2013

NBC News President Capus to leave network

Feb 1 (Reuters) – NBC News President Steve Capus will be
leaving the network in the coming weeks after struggles at the
unit, including lower ratings for its flagship morning show,
“Today.”

No replacement has been named for Capus, president of NBC
News since 2005, according to a company memo obtained by
Reuters. In a statement, Capus said it was “now time to head in
a new direction.”

Jan 4, 2013

Al Jazeera’s new channel struggles for U.S. distribution

NEW YORK, Jan 3 (Reuters) – Al Jazeera’s announced plans to
establish a new U.S. cable news channel via the purchase of
Current TV isn’t even 48 hours old and already it finds itself
in a vicious battle to retain distribution rights.

Al Jazeera’s acquisition of Current TV is basically a
pay-for-distribution play. The Qatar-backed network plans to
replace Current TV in the more than 40 million homes where it is
currently distributed with its own news network, tentatively
dubbed Al Jazeera America. The new network’s success is
predicated on maintaining, if not increasing, that level of
distribution.

Dec 7, 2012

Hollywood sees licensing cash cow in Disney-Netflix deal

By Ronald Grover and Peter Lauria

(Reuters) – Cha-ching!

That’s the sound ringing in the ears of Hollywood studio executives after Walt Disney Co (DIS.N: Quote, Profile, Research) landed a rich deal with Netflix (NFLX.O: Quote, Profile, Research) to stream its movies to television.

Netflix’s arrival as a bidder for the television rights to Hollywood movies means that the studios can now play the company off of traditional pay-TV networks like Time Warner’s (TWX.N: Quote, Profile, Research) HBO to extract higher fees in contract renewal talks.

Dec 7, 2012

Analysis: Hollywood sees licensing cash cow in Disney-Netflix deal

By Ronald Grover and Peter Lauria

(Reuters) – Cha-ching!

That’s the sound ringing in the ears of Hollywood studio executives after Walt Disney Co landed a rich deal with Netflix to stream its movies to television.

Netflix’s arrival as a bidder for the television rights to Hollywood movies means that the studios can now play the company off of traditional pay-TV networks like Time Warner’s HBO to extract higher fees in contract renewal talks.

Nov 29, 2012

Former NBC executive Jeff Zucker named CNN president

Nov 29 (Reuters) – Time Warner Inc said on Thursday
Jeff Zucker would be president of its cable news network, CNN
Worldwide, beginning in January.

Zucker, former head of NBCUniversal and current producer of
Katie Couric’s talk show “Katie,” will succeed Jim Walton, and
will report to Phil Kent, chairman and CEO of CNN parent
company, Turner Broadcasting System. Walton had said in July he
was leaving the network.