Editor & Publisher
More than 1,000 publishers including The New York Times, The Washington Post and The Dallas Morning News have signed on to participate in the Fair Syndication Consortium, a model built to help publishers receive compensation for their content. Additionally, AdBrite, an online marketplace to buy and sell advertising, has agreed to work with the consortium to help partners monetize content. Attributor, which tracks content across the Web, launched the Fair Syndication Consortium in April 2009. The charter members of the alliance include Thomson Reuters, Huffington Post, Politico and Deutsche Presse-Agentur. The current membership represents more than 50% of …
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.
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 …
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. …
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 …
Mediaweek
MTV Networks' Spike.com 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 …
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 …
Boston Herald
The Boston Globe's biggest union caved in to The New York Times Co. demands last night and agreed to $10 million in contract concessions after almost four months of high-stakes negotiations that included a daring rebuff of the company's first cost-cutting offer. The vote was 366 to 179, with 545 votes cast. Members of the Boston Newspaper Guild have been living with a 23% pay cut since they narrowly rejected the company's June 8 offer.
Adweek
Korean carmaker Hyundai Kia has launched a multi-market review of its media planning and buying assignments outside the United States. Ad spending on the business is reported to be more than $300 million. The U.S. account, which is handled by Initiative, went through a review last year and is not affected. Among the territories in play are Europe, with an estimated media budget of $100 million, and the U.K., with a $50 million budget. Parts of Asia and South America are also believed to be involved. Omnicom Media Group, which handles Kia's European business, will participate in the review, …
Advertising Age
September is a critical month for fashion magazines, almost as big as Christmas for retailers. For instance, Vogue booked 673.89 ad pages in last year's September issue, 23% of its haul for the full year. While the recession is expected to make a significant dent in those figures, there's a heartening chance that September's ad page declines since last year won't be as awful as magazines' last big test for fashion: the March issues. This year's March issues, of course, suffered from comparisons against the ad-heavy copies published in spring 2008. This year's September issues only have to …