Editor and Publisher magazine (www.editorandpublisher.com) today signed an agreement with Pressmart Media Ltd. (www.pressmart.net) to provide a digital, same-as-print electronic edition of the newspaper publishing industry's leading trade publication.
In a joint statement, E and P Publisher Chas McKeown said, "The Pressmart state-of-the-art solution will provide our readership access to Editor and Publisher on multiple digital distribution channels including eEditions; Podcasts; Mobile devices and eArchives." We are very excited by E and P's choice of Pressmart as their new media delivery partner. E and P had a choice of vendors and chose Pressmart's best-of-breed solution," said Myles M. Fuchs, President of Pressmart Media Ltd.
Yahoo Inc. has rejected the latest attempt by Microsoft and activist investor Carl Icahn to buy its online search operations in a "take or leave it" proposal that Yahoo said would have dismantled its Internet franchise. As described by Yahoo in a statement released late Saturday, Microsoft packaged its latest offer with activist investor Carl Icahn, a billionaire who is seeking to overthrow Yahoo's board of directors in a shareholder meeting scheduled for August 1. More from CNN!
What a slap in the face for Uncle Carl this time!
Source: CNN
NBC Universal and private equity firms Bain Capital and Blackstone Group said on Sunday they agreed to buy The Weather Channel from Landmark Communications. Terms of the widely expected deal were not disclosed, but sources familiar with the transaction said the price tag was just under $3.5 billion. What's there to hide in the deal dam it?
TV Newser reports that two days after CBS Corp. announced the completion of its acquisition of CNET, CBS News content is being featured on CNET.com for the very first time. Early Show anchor Harry Smith's interview with CNET senior editor Natali Del Conti is on the consumer electronics page.
Smith and Del Conti discussed alternative hands-free mobile devices consumers can use while driving. The segment followed a report on California's new law outlawing hand held devices while driving.
CBS is said to be
preparing an "important" partnership with Yahoo. The Internet company is expected to join the CBS Audience Network, which streams some 70,000 videos to more than 300 partners, including YouTube, AOL, MSN, Joost, Veoh, Fancast and Bebo.
CBS chairman Sumner Redstone says that the company never will be reunited with sibling Viacom, which he also controls. A renewed combination will "absolutely not happen" despite a recent report suggesting that Viacom CEO Philippe Dauman is pushing for it sometime in the future.
Time Inc.'s People.com is acquiring Celebrity Baby Blog, a four-year-old site devoted to celebrities and their babies, from founder Danielle Friedland. People.com hopes the site, located at celebrity-babies.com, will grow its largely female audience, while it plans other additions. Danielle's former blog is here.
Microsoft didn't approach Facebook about an acquisition after it walked away from its bid for Yahoo, despite recent news reports, say sources at the software giant. Microsoft expects to make Internet acquisitions of various sizes over time. Also, the Yahoo pursuit "really is over."
Microsoft is walking away from its bid for Yahoo after failing to agree on a price, a setback to the software giant's efforts to catch Google in online advertising. "The economics demanded by Yahoo do not make sense for us." Yahoo must now prove it can grow by remaining independent.
New York Daily News owner Mort Zuckerman is offering $580 million to acquire Newsday from Tribune, matching an earlier bid by Rupert Murdoch. U.S. regulators are expected to scrutinize any possible Murdoch deal out of concerns of too much control over the New York media market.
If Time Warner and News Corp. lose Yahoo to Microsoft -- as widely expected on Wall Street -- analysts say the two media giants could explore merging their Internet properties, AOL and MySpace. Says Citigroup's Jason Bazinet: "We would not rule out the prospect of AOL/MySpace." What the hell is going on now? I guess the internet is changing everything. I just wanna see these guy's salaries.
The merger of satellite radio rivals Sirius and XM is likely to see approval from the U.S. Federal Communications Commission within two to four weeks, according to Bear Stearns analyst Robert Peck. "Conditions could include providing limited carriage to other content providers."
CBS is said to have held talks with Time Warner about a deal to outsource some of its news-gathering operations to CNN. The talks include reducing CBS's news-gathering capacity while keeping top personalities like anchor Katie Couric. Also: CBS News says it has no plans to outsource to CNN.
Mergers and acquisitions in the media and entertainment field will be steady despite the recent credit crunch, predict several industry experts. The rationale: Media giants have become more active in pursuing digital companies as they embrace the digital future.
Sirius Satellite Radio head Mel Karmazin says he hopes U.S. regulators will rule by the end of March on his company's proposed $4.2 billion merger with rival XM. "The fact that it has lingered this long, it has been interpreted ... as good news." He cautions, however, that the time frame could change. Mel, I'm done waiting for this merger. It's like trying to have my birthday party in the White House. IMPOSSIBLE!
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