There Are Pennies To Be Made In Media!
In your Friday Manhattan media column: Hachette figures out how to get money, ABC figures out how to save money, the NYT Co. vows not to lose money, and a website that will not make money:
Hachette has sold five magazines to Bonnier, for less than $US5 million total: Popular Photography, Flying, Boating, Sound & Vision and American Photo. Better than dying!
ABC News, which has already cancelled all of its newspaper subscriptions, is closing its in-house library and converting it into a “Digital Research Facility”. Which we assume means “a computer”.
Boston Globe brinksmanship update: the NYT Co. says “Closure is a very real path for the Company to take… The Guild seems to believe it can reject the contract, prevent implementation and thereby force further negotiation. That’s not right. Time is of the essence.” Accept the god damn contract or die, in other words. Hardball.
Ha, there is a new site, on the internet, called WeHaventLaidAnyoneOff.com, where companies can pay $US100 in order to paste up their logo and brag about how they haven’t fired anyone in the past year. So far they have about 30 subscribers. Not too many of which are media companies. [Dark joke about this site laying off their staff].
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Comments (AU Comments | US Comments)
The zinc in Pennies outweighs their face-value, start hording people!
Wow. I haven't seen an ADM-3A terminal in many a year. It was the most coveted user interface device of the 1970's.
Hachette Filipacchi Media: the trailer trash of the media industry. Watch Bonnier really do something with those mags. What's Hachette left with, about 3-4 magazines? Won't be long before those run into the ground too. Using crummy software that they will be unable to easily upgrade/integrate, the online mags have no future.
hatchetman