Advertising Age
"Any media company that has taken on unpaid interns in the last six years could face a lawsuit" -- at least in New York, according to a legal expert quoted in this post on the new trend of litigious interns. While "unpaid internships save companies at least $2 billion a year," according to Ross Perlin, author of the book "Intern Nation: How to Earn Nothing and Learn Little in the Brave New Economy," attorneys counsel against the practice. And such publishers as "Steven Kotok, CEO at The Week and Mental Floss magazines, hopes the unpaid internship model ends," …
Los Angeles Times
The Tribune company may have made a good move to buy more TV stations, as reported in another Around the Net item, yet overall it slumped significantly in the first quarter, with a 41% plunge in net income, from $99.1 million in the year-earlier period to $58.4 million. "Advertising revenue in the company’s core publishing unit continued to skid, a reflection of the ongoing erosion of the newspaper business," writes Walter Hamilton.
New York Magazine
The media have been covering last week's Supreme Court decision to kill DOMA and Proposition 8 in many different ways, but perhaps no more quirkily than by the New Yorker cover showing puppets Bert and Ernie celebrating the moment, which has generated a ton of controversy. Dan Amira parses the brouhaha here, and then explains why he thinks the image is spot-on.
PaidContent.org
In a launch "unlikely to thrill the broadcast industry," since it challenges its domination of online video, Wibbitz offers a "text-to-video service [that] takes any lovingly written article or blog post and turns it presto-magico into a very appealing, 60- to 120-second vignette, complete with images, quotes and animated infographics (and potentially other video in the future) viewable on your iOS device," writes Paul Armstrong. "Wibbitz has also said it will provide publishers with its technology at some point in the future so that they can incorporate Wibbitz’s service into their own apps; the London Telegraph is set to do …
The Hollywood Reporter
Tribune just bought 19 stations in 16 markets from Local TV Holdings for $2.73 billion, in a deal expected to close at the end of the year. The acquisition will make it the largest independent owner of TV stations, the company claims, with 14 stations in the country's top 20 markets.
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