Bloomberg
At JC Penney's, it's out with CEO Ron Johnson and back in with retail coupons inside newspapers. Johnson removed coupons in favor of everyday store values. Consumers fled and sales were down 25% last year. Myron Ullman has replaced Johnson as CEO.
L.A. Biz
Adobe is launching a platform that will help TV operators provide "a premium "TV Everywhere" experience," writes Gina Hall. Adobe Platform "will allow broadcasters to monetize and deliver content to viewers on demand on their web-enabled devices." Launch partners will include Comcast and NBC Sports Group.
L.A. Times
NBC just renewed "Last Call with Carson Daly" for a 13th season -- right after reports circulated that the network was in talks with Alec Baldwin to take over as host of the 1:35 a.m. talk show. "NBC has good reason to keep Daly happy: He happens to host its singing contest 'The Voice,' which is just about the only hit NBC has right now," writes Scott Collins. "On the other hand, 'Last Call' is finishing up its 12th season now, so the renewal only commits NBC until the middle of 2014. At which point, anything could happen."
Washington Post
The U.S. Postal Service will not be be ending Saturday mail delivery in August as previously announced, since "the new stopgap budget that Congress recently passed would prohibit the move," writes Josh Hicks. However, the USPS "still hopes to end Saturday mail delivery as Congress works toward a potential plan to overhaul" it. This means a temporary reprieve for magazines and community papers worried about the USPS taking this step.
Bloomberg
Merging with its rival DirecTV is one possible move for Dish, whose newly deep pockets feature "a record $10 billion in cash... the most money among U.S. television and phone providers, according to data compiled by Bloomberg," writes Brooke Sutherland. This post offers plenty of speculation from analysts on what Dish CEO Charlie Ergen's shopping cart will look like. Ergen is “clearly getting ready for something,” says one analyst. “Having that cash opens a lot of options.”
Pando Daily
Magster, a "cloud-based, cross-platform magazine platform" whose reach is largest in Asia, has just picked up all 21 of Hearst's magazine titles, writes Hamish Mckenzie. "The Hearst signing comes on the heels of similar deals with Newsweek, Inc, and Fast Company."
Business Of Fashion
By opening its first GQ Bar in Istanbul this past February, to be followed by a restaurant-lounge Vogue Club in Singapore in June, "Conde Nast International is extending its most famous magazine brands — powerful lifestyle signifiers — into a number of new, non-publishing businesses," writes Suleman Anaya. Next up: "GQ- and Vogue-themed bars, cafes and clubs will open in Singapore, Dubai and Bangkok. Similar ventures are planned in Latin America."
Bloomberg
Woof! DirecTV will target a previously untapped market -- "canine viewers" -- by picking up Dog TV, "designed to comfort animals and stave off loneliness when pet owners are out of the house," as a premium channel for $5.99 monthly in the third quarter, writes Nick Turner. The "agreement marks the biggest distribution deal for the nascent channel, which is currently available online for $9.99."
TVNewsCheck
The Fox Network unveiled a TV Everywhere plan that will allow affiliates "to stream network content, in addition to their local content, through a dedicated Fox mobile app and on the Web" starting this fall, according to reporters at TVNewsCheck. "Similar to Disney's Watch ESPN strategy, paid TV subscribers would be able to access local and network content through an app and on the Web."
Chicago
"Time Out Chicago has been acquired by Time Out Group, the worldwide parent company of the branded city publication" for about $4 million, and will "transition to a digital-only format," writes Robert Channick. The pub operated as an independent franchise for eight years; now it will be part of the operation that also features "New York, Los Angeles, London, Paris and Boston as owned-and-operated Time Out markets."