Wednesday, October 28, 2009
CBS Digital Boss Quincy Smith’s Not-Quite Exit Interview: “Hulu’s a Great Service. That’s Part of the Problem.”
The man who helped shape CBS’s standalone Web video strategy explains himself, for the record.
Monday, September 28, 2009
Time Warner Dumping Its Magazines? Not So Fast.
Heavyweight media investor Gordy Crawford–who happens to own a big chunk of Time Warner–says the conglomerate plans to dump its magazine business. But I get the sense that Jeff Bewkes and company plan on keeping at least some of the unit’s iconic titles.
Monday, August 31, 2009
Rolling Stone’s Web Failure Wasn’t So Shabby, After All. But Now What?
Conventional wisdom of the day: Magazine mogul Jann Wenner, the man who made his mark with Rolling Stone in the 60s and 70s, and then again with US Weekly in this decade, has blown it on the Web. And now it’s too late for him to catch up.
And who knows? It may even be true. But here’s one bit of nuance to chew on: Magazine mogul Jann Wenner has made money–as in, a profit–on the Web for the last five years.
Friday, July 17, 2009
Happy Days Aren’t Here Again: Another Miserable Quarter for NBC
Yesterday, Google told Wall Street that its business had “stabilized” during the spring, but it may be one of the only media companies that gets to say that.
GE’s NBC Universal, for instance, just posted second-quarter results that were as bad as its first quarter. Jeff Zucker’s TV and movie unit said revenue was down eight percent, and profit down 41 percent for the three months ending June 30; in the previous quarter, revenue was only down two percent, while profit was down 43 percent.
Thursday, July 16, 2009
Google Says YouTube Can Start Making Real Money, Very Soon. Really!
YouTube, the world’s biggest video site, is a money loser for Google. But it may not stay that way for long, the company hinted today.
In response to a question during Google’s, quarterly earnings call today, chief financial officer Patrick Pichette contended that the company could begin making a substantial profit, someday soonish. If Google really does pull this off, it will be a remarkable turnaround project.
Friday, May 22, 2009
College Humor Dudes’ Newest Product: An Amazon.com Prank
The smarter-than-they-look guys at CollegeHumor.com attract some seven million unique visitors a month, are making smart strides in Web video and have their own show on MTV. And when they’re not doing that, they monkey with Amazon.com.
Friday, May 8, 2009
YouTube May Be Solving Its Ad Problem–Slowly
YouTube generates billions of views but no profits. That’s because Google’s video site only sells advertising on a small portion of the clips it shows. That may be changing, argues Bernstein Research’s Jeffrey Lindsay.
Monday, April 27, 2009
Ad Giant Omnicom: Stimulus Spending Could Boost Media by End of the Year
Ad giant Omnicom reported that its revenue dropped 14 percent and profits declined by 21 percent in the last quarter, but investors are bidding up the stock in a down market. That’s presumably because the profit slump isn’t as bad as Wall Street expected. But maybe investors are buying some of the optimism CEO John Wren doled out–sparingly–during the company’s earnings call: He thinks stimulus spending could lead to more advertising spending by the end of the year.
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About Peter
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 »
Ethics Statement
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
