Jennifer's Feed
Nov 20, 2013

Rupert Murdoch and Wendi Deng agree to divorce settlement

Nov 20 (Reuters) – Rupert Murdoch and his wife, Wendi Deng
Murdoch, appeared before a Manhattan judge on Wednesday in a
10-minute hearing that cleared the way for ending their 14-year
marriage.

“I’m glad you were able to resolve these matters amicably,”
New York State Judge Ellen Gesmer said to the media mogul and
his wife after asking if they were satisfied with settlement.

Nov 20, 2013

Rupert Murdoch close to finalizing divorce, source says

By Jennifer Saba

(Reuters) – Rupert Murdoch, the chairman of News Corp and 21st Century Fox, and his wife of 14 years, Wendi Deng Murdoch, are close to settling their divorce, according to a person familiar with the terms of the agreement.

They are scheduled to appear on Wednesday at New York State Supreme Court in Manhattan to finalize what is considered to be an amicable agreement, the person said. The couple have prenuptial and postnuptial agreements.

Nov 17, 2013

IAC shines spotlight on video streaming service Vimeo

By Jennifer Saba

(Reuters) – As one of the media properties tucked away within IAC/Interactive Corp’s vast group of online holdings, executives are putting the spotlight on Vimeo, breaking out the number of users and revenue for the first time.

IAC revealed that Vimeo has an audience of more than 100 million unique users, 400,000 paying subscribers and about $40 million in revenue over the past 12 months ending October.

Nov 17, 2013

New media investing in favor but hazards lurk

NEW YORK (Reuters) – New media websites from BuzzFeed to Business Insider are on a roll lately, showered with dollars from venture capitalists betting that they will crack an advertising market that has stymied traditional media companies.

With their mix of top-ten lists, slide shows that highlight the indignities of air travel, eye-catching headlines and thoughtful news, such media start-ups think their fresh approach to working with brands will coax more money from advertisers.

Nov 11, 2013

News Corp revenue slumps in first standalone quarter

By Jennifer Saba

(Reuters) – Rupert Murdoch’s News Corp (NWSA.O: Quote, Profile, Research, Stock Buzz) reported a steeper than expected 3 percent decline in revenue in the company’s first quarter that it was split off from its more profitable sister entertainment business Fox, as a steep drop in Australian newspapers took its toll.

The company, which publishes The Wall Street Journal and the Times of London, said net income attributable to common shareholders was $27 million, compared to a loss of $92 million in the same quarter last year.

Nov 7, 2013

Demand Media hurt by search changes at Google

By Jennifer Saba

(Reuters) – Demand Media said on Thursday that a drop in search engine referrals and weak advertising sales sent its revenue down for the first time since the company made its public debut nearly three years ago.

Demand Media, which owns the websites eHow, LiveStrong and Cracked, mainly makes its money from articles and videos that surface high in search results. Its other line of business maintains top-level generic web domain names like “.actor” and “.social.”

Nov 5, 2013

AOL ad sales rise, but Patch websites weigh on profit

Nov 5 (Reuters) – AOL Inc reported
higher-than-expected third-quarter revenue on increased
advertising sales, but earnings fell sharply because of
challenges at its network of community news websites known as
Patch.

The digital media and entertainment company said on Tuesday
it took a pre-tax restructuring charge of $19 million and an
impairment charge of $25 million, both related to Patch, sending
income down 90 percent to $2 million, or 2 cents per share.

Nov 4, 2013

Half of U.S. adult Twitter users consume news on the platform

By Jennifer Saba

(Reuters) – About half of all adult Twitter users in the United States said they get news through the social media platform, mainly on mobile devices, according to a new survey.

The report by the Pew Research Center in collaboration with the John S. and James L. Knight Foundation was released on Monday. The results are based on a the survey of more than 5,000 U.S. adults including Twitter and Facebook users.

Oct 31, 2013

FT Chief Ridding: no plans to kill its pink pages

NEW YORK (Reuters) – The Financial Times plans to retain its famously salmon-hued print edition even as it aggressively ramps up digital distribution, its chief executive said in an interview.

FT Group CEO John Ridding said a “digital first” strategy that will eliminate the paper’s current regional editions in favor of a single global one does not sound a death knell for the physical newspaper.

Oct 31, 2013

Pearlstine returns to Time Inc to lead reorganization

By Jennifer Saba

(Reuters) – Norman Pearlstine is leaving Bloomberg LP to return to Time Inc in the newly created position of executive vice president and chief content officer as the magazine publisher moves to split with Time Warner Inc.

The return of Pearlstine to Time Inc is a homecoming for the man who was the company’s editor-in-chief from 1994 through 2005.