Wednesday, July 22, 2009

Joan Voight, July 22, 2009, 12:02 AM
  • CBS News Teams With Channel One Network The Associated Press

    Starting this fall, CBS News Productions will co-produce Channel One News, which reaches about 6 million middle- and high-school students nationally each school day. Each 12-minute broadcast will originate from a newly designed set at CBS News headquarters in Manhattan, where the Channel One News production unit will be based.

    Founded in 1989, Channel One was acquired two years ago by Alloy Media and Marketing. Its on-camera alumni include Anderson Cooper and Lisa Ling. Read the whole story...

  • 'US Weekly' Editor Janice to Exit Mediaite

    The publishing world has been abuzz about whether Janice Min would soon be leaving as editor of US Weekly magazine after six years. Many considered the buzz a negotiating ploy. Min's last contract was signed after wild speculation that she would be stepping down. If it worked before, why not try again?

    It turns out that no price was high enough for Min to continue editing the labor-intensive weekly magazine while reporting to Jann Wenner. Min is being replaced this week by executive editor Mike Steele, who is being promoted to interim editor in chief.

    The top spot of US Weekly may be a coveted job, but it is also incredibly demanding. One magazine insider believes that closing at the magazine each week might be the most intense editorial and production process in publishing. Read the whole story...

  • September Fashion Mags See Ads Plunge Advertising Age

    The final ad tallies are emerging for the critical September issues of fashion and beauty magazines -- and for the vast majority, the results are not pretty.

    Ad pages in Hachette Filipacchi's September issue of Elle fell 21% short of last September. At Hearst, Harper's Bazaar is down 23% to 26% and Cosmopolitan is down 14% not counting the Cosmo Style & Beauty supplement last year. Marie Claire says its September ad pages fell 20%.

    Conde Nast says that even when it excludes last year's Fashion Rocks supplement, ad pages this September compared to last are grim. W fell 47%, Vogue fell 30%, Allure lost 28% and Glamour lost 25%. Looking for a bright spot, Bill Wackerman, a Conde Nast publishing director, says, at least "business has stabilized. Most of the brands that were in September last year are there again. It's just the volume has decreased." Read the whole story...

  • GM Owes Publicis Less Than First Feared Adweek

    Publicis Groupe says it has substantially reduced its "maximum exposure" to client General Motor's bankruptcy procedure. The French holding company says it has been paid the bulk of its fee receivables.

    In its Chapter 11 bankruptcy petition in June, GM said it owed $146 million to Publicis and its subsidiary Starcom MediaVest Group. But Publics said around the same time that it calculated its maximum exposure at $78 million. Now, after having received payments from "The New GM," Publicis says its maximum exposure is less than $13 million.

    There is no word yet on how the shop's new exposure estimate will affect its credit rating. In the wake of GM's bankruptcy, Standard & Poor's placed Publicis' long-term corporate credit and senior unsecured debt ratings on CreditWatch, with negative implications. S&P said at the time it would likely adjust the Publicis ratings based on how the GM situation unfolded. Read the whole story...

  • Spike TV Uses Web to Pick 'Cute' Spokeswoman Mediaweek

    MTV Networks' will invite fans to vote on a collection of 50 women competing to be the next on-air spokesperson for Spike TV.

    Voting for "Girls of Spike," which will feature videos snippets and profiles of women selected by the network's producers, will run from Aug. 17 through the end of September. On Oct. 1, the 10 most popular candidates will be showcased on Spike TV and a final winner will be selected.

    "The Spike girl is different," explains Jon Slusser, senior vice president. "Of course, she's cute and attractive. But she's also the kind of girl that you meet and say, 'Wow, you can rebuild a motorcycle?' She's more than the girl next door." The winner will appear during various Spike TV specials and as a correspondent at red-carpet-type Spike events. Read the whole story...

  • Arbitron's Q2 Profit Swells Reuters

    Arbitron's second-quarter profit surged nearly six-fold, but the research firm cut its revenue forecast for the year due to the recession. Second-quarter revenue rose about 10% to $86.8 million.

    The company expects full-year revenue to increase 6%, compared with its earlier forecast of a 6% to 10% growth. The shifting revenue outlook is exacerbated by Univision Radio's decision not to renew its contract for Portable People Meter ratings in certain markets, says Arbitron CFO Sean Creamer. In the first half of 2009, Arbitron's software sales and qualitative offerings fell about 5%, and it does not expect that to turn around any time soon, Creamer added.

    Arbitron is enjoying double-digit revenue growth when most companies are seeing no growth, even though it serves the struggling radio industry, notes Gilford Securities analyst James Boyle. The reason is that when Arbitron moves to the electronic PPM technology, "the fee is 65% higher than the former diary fee," Boyle says. The company plans to introduce PPM tech in 13 additional markets during the rest of the year. Read the whole story...