Media and Money

Archive for October 2009

Third-quarter profit at The Washington Post Co. rose 69 percent compared with the same period last year reports a staff writer from the newspaper.

The Post Co. earned $17.1 million ($1.81 per share) on $1.14 billion in revenue during the period from July to September, the company said Friday morning, compared with $10.4 million ($1.08) on $1.12 billion in revenue in the third quarter of last year.
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USA TODAY remains number one in total daily print circulation in the United States, according to the latest Audit Bureau of Circulation report. USA TODAY’s daily print circulation was 1,891,604 for the period ending September 30, 2009.

USA TODAY’s print circulation is nearly 275,000 copies per day larger than its closest competitor, The Wall Street Journal, and more than 1,000,000 copies per day larger than The New York Times. USA TODAY is also the newspaper leader in single copy newsstand sales selling more than 475,000 copies per day versus The Wall Street Journal’s 89,951 copies per day. Single copy newsstand sales reflect customers who actively seek out the newspaper each day and pay full newsstand price, which is widely considered the most valuable circulation by advertisers.

Wants ‘less fluffy news and more international news’
By Paul Bond

No knock on his “good friend” Jeff Bewkes — or on Superman — but Ted Turner wishes that he were running Time Warner so that he could make some changes at Cartoon Network and CNN, the cable news channel he founded 29 years ago, according to The HollyWood Reporter.

At CNN, he wants “less fluffy news and more international news,” especially about China, Turner says in an interview set to run on Bloomberg TV on Friday. “Less talk, more news,” he says.

As for Cartoon Network, Turner tells anchor Betty Liu, “If I had control of it, I’d put ‘Captain Planet’ on at a top time period so that kids would see the environmental superhero instead of just Superman.”
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Viewers of the BLOOMBERG TELEVISION® network have the highest median household income and the highest median net worth among cable news networks in the U.S., according to the 2009 Mendelsohn Affluent Survey.

The BLOOMBERG TELEVISION viewer’s median income of $156,290 was 12% higher than the survey average and 10% higher than the average of other cable news networks. The BLOOMBERG TELEVISION network is the only U.S. cable channel whose viewers earn a median annual income of more than $150,000.

In addition to delivering an extremely affluent audience, the BLOOMBERG TELEVISION network delivers the most highly concentrated group of viewers who have the titles Chairman, CEO or President, and the highest concentration of financial professionals.

The 2009 Mendelsohn Affluent Survey polled consumers with a household income of at least $100,000. According to the survey, the BLOOMBERG TELEVISION audience leads also in value of liquid assets, value of principal residence, value of total real estate owned, amount of total charitable donations made in the past year, expenditures on fine jewelry and watches in the past year and vacation travel in the past year.

By Stephanie Clifford, New York Times

Bloomberg LP is the winning bidder for McGraw-Hill’s BusinessWeek.

Bloomberg’s interest signals a wider journalistic ambition at the company, where the publishing side is known for its financial focus and financial readers.

Despite some award-winning journalism, after 80 years, BusinessWeek had become a drag on parent company’s McGraw-Hill’s books. It lost $43 million last year and had almost $32 million in liabilities outstanding as of April 30 — more debts than assets — according to a June memorandum sent to potential buyers.

While initial interest in the title was high, Bloomberg’s interest turned off a number of bidders, who felt that the media company was McGraw-Hill’s preferred buyer.

Google’s Gmail webmail service can now detect if users have included a potentially incorrect recipient with a new feature, called “Got the wrong Bob?,” which takes note of the people that a Gmail user usually includes in a group, and pops-up an alert if an unfamiliar recipient is included.

“Got the wrong Bob?” will be an early stage prototype that could change significantly, become temporarily unavailable or even disappear without notice.

Gmail users interested in trying out the new feature can activate it by going to the Settings section of their account and clicking on the Labs tab, where they will see this new feature listed.

The feature complements another existing Labs feature for Gmail called “Suggest more recipients,” which detects when a recipient usually included in a group e-mail has been left out and asks the e-mail sender if they forgot this person. That feature has now been renamed “Don’t forget Bob.”

The features are two of several that Google has designed to reduce the instances of embarrassing e-mail communications gaffes by Gmail users.

Users of Microsoft Corp’s Sidekick mobile phone may have permanently lost data such as contacts, photos and calendar entries due to the failure of a Microsoft server computer. Why didn’t I ever switch?

Anyhow, T-Mobile said that its customers who do have such data stored locally on their Sidekick devices will “almost certainly” have lost the data. The company also advised customers against resetting a Sidekick by removing the battery or letting the battery drain as this would still result in the loss of any personal content stored on the device made by Danger, a company Microsoft bought in 2008.

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