You can debate whether Oprah Winfrey’s plans to shut down her broadcast show–in 2011–and move to cable constitutes “news.” Ditto for what it means for the culture.
But what do Oprah’s plans mean for the TV business? Not that much, argues JP Morgan analyst Michael Meltz.
Vevo, the music industry’s attempt to create a Hulu-like site for its music videos, will formally launch Dec. 8. The site, which is co-owned by Vivendi’s Universal Music Group, Sony’s music label and Abu Dhabi Media, will host a New York kick-off event that day.
News Corp. is reportedly interested in purchasing the Travel Channel from Cox for something like $800 million. Here’s one way to help pay for a small piece of that deal: Sell off Fuel TV, its modest surf, skate and snowboard-themed cable channel.
Condé Nast is still in layoff mode, but that hasn’t stopped the publisher from putting together an app worth writing about. It’s part of a digital magazine strategy that actually makes some sense.
Vevo, the music industry’s version of Hulu, now has its own version of Providence Equity, the outside investor that took a flyer on the Web TV and movie joint venture: Abu Dhabi Media Company has purchased a stake in the company from owners Universal Music and Sony. No financials released, though I’m told the deal values the JV at $300 million.
Yet another addition to the growing list of programmers signing on to Comcast’s “On Demand Online”: CBS will join the cable provider’s trial program, which will allow subscribers to get Web access to shows they get on TV.
CBS will join previously announced partners Time Warner, which is offering up programming from its Turner channels and HBO; Liberty Media’s Starz, and smaller players like Scripps, Rainbow and A&E. The twist is that CBS is the only broadcaster to sign up for the trial.
The “Iran is Twitter’s defining moment” meme is losing momentum to the “Iran is YouTube’s defining moment” meme. But CNN has a different spin. Time Warner’s cable news channel wants us to know that it isn’t dependent on either the micromessaging service or Google’s video site to report on what’s happening in Iran–it has iReport.
Question of the day: Did Apple somehow lay off 10 percent of its retail staff in the last quarter without anyone noticing until today? Answer: No. My bloggy brethren are hopped up about Apple’s disclosure, via its most recent quarterly filing with the SEC, that its retail group had “approximately 14,000 full-time equivalent employees” at the end of March. Three months earlier that number had been 15,600. Boring but important distinction: Cutting back hours is different than laying people off.
While it’s true that Time Warner’s magazine unit is embattled, there are bright spots in the portfolio. Take People.com: The gossip magazine has always been one of Time Inc.’s strongest performers. Now its companion site is, too. Who gets credit? Some of it goes to celebs like Ashlee Simpson, and their babies.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
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