Never say never: Condé Nast, which is closing down its Portfolio business magazine, has decided not to turn off the lights at Portfolio.com. Instead, it is shifting control of the Web site–essentially, the Portfolio.com address and a couple years of archived content–over to American City Business Journals, its corporate cousin in the Advance Publications family.
More drum-beating from Eric Massa, the Democratic congressman who has decided to make an enemy/example out of Time Warner Cable, which wants to charge its broadband customers based on their Web usage. The New York rep says he’ll introduce a bill that will prevent Time Warner and other pipe providers from “capping” their broadband offerings.
User-generated news aggregators like Reddit are notoriously difficult sites to pitch to advertisers, but Condé Nast may have figured out how to do it. If it works, it could be promising news for Digg, which has a bigger audience but the same problems.
The once-buzzy start-up isn’t on life support yet. But it sure could use some help–just like every other Web music player. I can confirm that the company has sought, and received, new terms from some of the big music labels, most notably Universal Music Group. One big label that hasn’t given imeem any concessions yet: Warner Music Group, which owns an equity stake in the company.
Condé Nast’s famously Byzantine digital strategy may be getting a little bit easier to understand: The company’s Web operations, which had been splintered into two groups, are getting melded into one, which will be run by Condé digital exec Sarah Chubb.
Here’s the deal: If you work at a media company that hasn’t had layoffs recently, just go ahead and assume they’re coming. This afternoon’s installment: CondéNet, which manages some but not all of media giant Condé Nast’s Web operations, is cutting staff “across the board.”
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.
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.
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