Magazine Industry Has a FrontRow Seat to the History of Media

first_imgEarlier today I attended the 13th annual New York Magazine Day. Here are my live Twitter updates—essentially a “liveblog” or running notes, in reverse chronological order—from the event.Ann Moore: “I’m absolutely sure each of the Time Inc. brands I work on will be standing long after we’re all gone.” #nymagday about 9 hours ago from mobile web Moore: “Winters, like recessions, do end.” #nymagday about 9 hours ago from mobile web    Moore: Ex-TW CEO Dick Parsons is “one cool cat.” #nymagday about 9 hours ago from mobile web    Moore: Time Inc. restructuring has been a “home run.” Changed a corp. culture that had been “getting in the way.” #nymagday about 9 hours ago from mobile web    Moore on user-generated content: “Every opinion is not created equal.” #nymagday about 9 hours ago from mobile web    And now, the headliner: Time Inc. CEO Ann Moore. #nymagday about 9 hours ago from mobile web    Domeniconi: “We’ve all got a front row seat to ‘The History of Media.’” #nymagday about 9 hours ago from mobile web    Ex-Time Inc. exec. Robin Domeniconi: “Going ‘online only’ has become a euphemism for ‘folding.’” #nymagday about 9 hours ago from mobile web    Panelist on the new media reality: “There’s probably someone in this room Twittering what we’re saying right now.” #nymagday about 10 hours ago from mobile web    Not quite noon at NY Magazine Day, yet beer and wine carts are rolling in. #nymagday about 10 hours ago from mobile web    Hearst Magazines SVP: “I’m deeply concerned (ad buyers) are devaluing media at a time when innovation is actually increasing.” #nymagday about 10 hours ago from mobile web    AEGIS CEO on helping develop events for SI: “They (now) have to be cash positive” out of the gate. #nymagday about 10 hours ago from mobile web    NY Magazine Day 2009 theme: “INDUSTRY IN MOTION” — presented in italicized font to create, one would assume, the “motion” effect. #nymagday about 10 hours ago from mobile web    Hearst Magazines SVP: “We’re spending an enormous amount of money to reduce (ad) closing times” of our magazines. #nymagday about 10 hours ago from mobile web    AEGIS CEO: “We look at media as the kindling that starts the fire.” #nymagday about 11 hours ago from mobile web    AEGIS CEO: Consumer has much more brand credibility than marketer. #nymagday about 11 hours ago from mobile web    Million dollar question goes unanswered: “Are we measuring magazine accountability correctly?” #nymagday about 12 hours ago from mobile web    Just over 300 attendees, mostly women, from ad agencies; roughly half as many attendees as last year. #nymagday about 12 hours ago from mobile web    Jamison: “We’ve got to stop the print bashing”; more applause. #nymagday about 12 hours ago from mobile web    Jamison: “Girls aren’t going on Myspace to talk about their weight, their acne, their period–they come to us for that.” #nymagday about 12 hours ago from mobile web Jamison, Seventeen: “Our magazine is kind of like ‘a friend with benefits’” #nymagday about 12 hours ago from mobile web    Jayne Jamison, VP, Seventeen: “I love magazines”; applause. #nymagday about 12 hours ago from mobile web    MSLO CEO: “Simply put, advertising cannot support all the media that is out there.” #nymagday about 12 hours ago from mobile web    MSLO CEO: “’The Rise of the Bloggers’ [would’ve] sounded like a horror movie.” #nymagday about 12 hours ago from mobile web    MSLO CEO: “We didn’t anticipate the consumer creating content to the degree they have.” #nymagday about 12 hours ago from mobile web MSLO CEO: 15 years ago we knew consumer was in control, “but we didn’t take it far enough.” about 12 hours ago from mobile weblast_img read more

Time Inc Rationalizing Portfolio as Q1 Shows Continued Decline

first_img Also Wednesday, CEO Rich Battista told investors that Time Inc. is investing in “an aggressive cost re-engineering program” along with “rationalizing” its portfolio — a phrase that usually refers to shutting or selling properties.  It’s a rocky start to 2017 for Time Inc., which last month appeared to have closed the door on acquisition discussions with multiple parties, at least for the time being. Meredith Corp. reportedly valued the company at $18 per share — below the $20 per share that Time Inc. supposedly sought. Time Inc.’s revenue declined by $54 million, or 8 percent, in the first three months of 2017, marking another quarter of contraction for the beleaguered but still giant publisher. Overall revenue for the quarter was $636 million, including $212 million from print advertising (down 21 percent from the same period in 2016) and $119 million from digital advertising, which increased by 32 percent. Circulation revenue also decreased by 14 percent, or $33 million, which the company attributed to changes in frequency across brands, as well as a consumer preference for digital media. Editor’s note: An earlier version of this story reported that Time Inc. had rejected an offer from Meredith Corp. Time Inc. has not confirmed that claim. View the company’s official statement here.center_img As Battista promised a brighter future, former CEO Joe Ripp said goodbye to yesterday. Ripp is leaving his role as executive chairman of Time Inc., as is board member Howard Stringer. Ripp is being replaced by John Fahey as non-executive chairman of the company. Dan Rosensweig, president and CEO of the learning platform Chegg, Inc., has also been nominated to the board.  Operating income was reported at a loss of $26 million, following decreases in revenues as well as large restructuring costs, to the tune of $16 million, that followed a year of layoffs and the resulting severance payments. In an earnings announcement Wednesday, the company also said that it has identified “non-core assets,” which it will begin to divest shortly. It’s not clear which assets will be sold, but the news of a potential selloff comes just days after Time Inc. said it would follow its own strategic plan instead of seeking a sale of the whole company. Shareholders responded unfavorably to Wednesday’s report, with shares dropping from $15.13 on Tuesday afternoon to $12.25 Wednesday morning. At press time, shares had stabilized around $13.08.last_img read more

Gmail confidential mode for G Suite launching in June

first_img Post a comment Share your voice Tags The new Gmail mode lets you restrict access to confidential emails. Derek Poore/CNET  Gmail’s confidential mode will be launching in G Suite on June 25, Google announced in a blog post Wednesday.The mode will be on by default in Google’s suite of tools for business, and allows workers to set expiration dates and revoke access to emails. Users can also require recipients to go through text message authentication before being allowed to view an email.”Additionally, with confidential mode, recipients don’t have the option to forward, copy, print, or download their content or attachments,” the blog post, spotted by VentureBeat, said.It’s already available in beta mode — you can see generally how to use it in the GIF below. Google, Inc. Announced in August, confidential mode was rolled out first to personal Gmail iOS and Android apps. While the mode prevents recipients from forwarding, copying, printing or downloading confidential emails, they can still take screenshots. 0 Use the Gmail app to send confidential emailscenter_img Mobile Tech Industry Security Applications Mobile Apps Digital Media Gmail Google 2:22 Now playing: Watch this:last_img read more

TRAI seeks power to penalise errant telcos

first_img1. MTNL10.4%8.2% A recent study on the rate of call drops by different carriers has highlighted their continuing poor performances, according to the telecom regulator, TRAI. The Call Drop Rate Performance study, though limited to national capital Delhi in its first leg, is the regulator’s efforts to improve the overall service quality.The Mint noted dropped calls (call drop) as those that terminate abruptly for technical reasons before the call is complete. Recently, there were reports that telcom service providers were using new technology to artificially keep the calls connected even though there was no voice exchange from the other end.The regulator said Aircel was using the radio link time out technology to mask call more than other carriers. However, the big four — Airtel, Vodafone, Idea and Reliance Communication — too were requested to further decrease their drop rates. MTNL, the government run telecommunication carrier, was the other service provider monitored for the study. Ranking of Telecos based on Call Drop Rates in Delhi Ranking of Telecos based on Call Drop Rates in Delhi Ranking of Telecos based on Call Drop Rates in DelhiCompanies2G3G Ranking of Telecos based on Call Drop Rates in Delhi1. MTNL10.4%8.2% Ranking of Telecos based on Call Drop Rates in Delhi2. Idea0.9%6.2% Ranking of Telecos based on Call Drop Rates in Delhi3. Reliance Communication-5.2% Ranking of Telecos based on Call Drop Rates in Delhi4. Airtel3.3%2.2% Ranking of Telecos based on Call Drop Rates in Delhi5. Vodafone2.8%1.4% Related”We have been conducting drive tests to access quality regularly and for the last 8-9 months we have increased the tests in terms of coverage with the number of cities going up to almost 12,” TRAI chairman R.S. Sharma told the Mint.The May 2016 study, however, indicated only Vodafone to have had a reduction in its call drop rates in Delhi, while all others lurked where they were or showed increase in call drops against the January 2016 study. Idea’s 2G, with 0.9 percent call drop rates, was better than 2.1 percent seen in January.Except Vodafone and Reliance, all other telecos could not even meet the benchmark in terms of call drops in Delhi region, noted the Mint.A source told the news outlet that the regulator may seek penalising power for itself against faulting telecos. The regulator has already set up a portal to register call drop complaints. It has also warned that not more than 2 percent of the calls on each of the carriers network should be dropped.The study, conducted to analyse the overall service quality offered by the carriers, also focused on three other important parameters of call set-up success rate, signal quality (Rx quality) and blocked call rate.Pro teleco lobby group Broadband India Forum highlighted that the study was welcome as there was a sustained improvement in call set up rate across many telecos. On the call drop issue, another lobby group noted that some chosen areas in Delhi were highly congested. 5. Vodafone2.8%1.4% Companies2G3G 3. Reliance Communication-5.2% 4. Airtel3.3%2.2%  Ranking of Telecos based on Call Drop Rates in Delhi 2. Idea0.9%6.2%last_img read more

Egypts Sisi reelected with 97pc of vote

first_imgSupporters of Egyptian President Abdel Fattah al-Sisi celebrate in Cairo’s Tahrir square following his re-election for a second term on Monday. Photo: AFPEgyptian President Abdel Fattah al-Sisi swept to a second term with 97 per cent of valid votes, official results showed Monday, dominating an election last week that saw him face no serious rivals.The head of the election authority Lasheen Ibrahim said at a press conference that turnout was 41.05 per cent of the almost 60 million registered voters, down from the 2014 vote that saw Sisi claim the presidency.Ibrahim said 92.73 per cent of the votes were valid from the roughly 24 million cast, while almost two million ballots were spoiled.Sisi’s sole rival and an erstwhile supporter, Moussa Mostafa Moussa, won 2.92 per cent of the valid votes, Ibrahim said.Moussa entered the election at the very last moment after first leading a re-election campaign for Sisi, saving the vote from having just one candidate.Sisi’s serious contenders either withdrew, were sidelined or were detained.In a brief victory speech broadcast Monday evening on state television, Sisi sent “greetings, appreciation, and respect” to Egyptians.He promised “to continue my oath to be loyal in my work, not sparing any effort in order to advance our nation.”Sisi directed “thanks and appreciation to Moussa Mostafa Moussa who lead an honest and civilised competition.”As for Moussa, he said at a press conference that “the most important thing is that Egypt has won.”Trump congratulationsHundreds of supporters took to the streets in Cairo and other cities, waving the Egyptian flag and singing patriotic songs to celebrate Sisi winning another four years in power.US President Donald Trump “congratulated” Sisi on his victory in a telephone call, the White House said in a statement that did not mention any worries over the fairness of the vote.“The two leaders affirmed the strategic partnership between the United States and Egypt, and noted that they look forward to advancing this partnership and addressing common challenges,” it said.Earlier the State Department spokeswoman Heather Nauert said the US “will continue to work to advance our shared objectives” with Egypt, despite its concerns over political freedom.But Nauert added: “We have noted reports of constraints on freedoms of expression and association in the run-up to the elections.”Four Egyptian rights groups, including the Cairo Institute for Human Rights Studies and the Nadeem Center for the Rehabilitation of Victims of Violence, denounced the electoral process in a statement late on Monday.The election commission “lost its political legitimacy by watching the electoral process as it transformed into a debacle beleaguered by the worst political and security thuggery ever witnessed in an Egyptian election since 1952,” they said.Sisi, who as army chief ousted Egypt’s first freely elected president Islamist Mohamed Morsi after mass street protests in 2013, won his first term in 2014 with 96.9 per cent of valid votes.Turnout of 47 percent in that year’s election was sharply higher than this year’s 41 per cent despite official appeals for voters to fulfil their patriotic duty.Election chief Ibrahim was effusive about the vote regardless of the perceived lack of competition and the low attendance.“These are momentous moments for this nation…which will be written in letters of light, under the title: battle for the love of Egypt,” Ibrahim said as he announced the results.“The entire world heard your chants for the love of Egypt.”Opposition boycottPeople who boycotted the election and cannot show a good reason for missing the vote could face a fine of up to 500 Egyptian pounds (22 euros), the electoral commission has warned.Opposition groups had called for a boycott of last week’s vote which they labelled a facade.There were no presidential debates and Sisi himself did not appear at any official campaign events, although he spoke at a number of ceremonies.In an interview days ahead of the vote, Sisi said he wished there were more candidates, denying any role in sidelining his rivals.Morsi’s removal in 2013 ushered in a deadly crackdown that killed and jailed hundreds of Islamists.The initial crackdown on the ousted leader’s supporters expanded to include liberal and leftist secular activistsA jihadist insurgency since has killed hundreds of policemen and civilians.In February Sisi ordered the armed forces launched their most comprehensive campaign yet to end the five-year-old jihadist insurgency.In the wake of his election success, the Egyptian armed forces congratulated Sisi in a statement, “affirming that it will always stand behind its wise leadership.”Sisi has embarked on tough economic reforms that have been welcomed by foreign investors but dented his standing at home, even though his popularity remains high.Enjoying near-unanimous media support, Sisi is seen by many Egytians as the right man to lead the country after years of political, security and economic turmoil that followed the ouster of leader Hosni Mubarak in 2011.last_img read more

Baltimore Officer Dies of Drug Overdose

first_imgBy Michelle Richardson, Special to the AFROBaltimore City Police have confirmed the death of one of their own, Monday morning.According to Baltimore Police, 25-year-old Jospeh Banks Jr of the 4000 block of Moravia Road, died Friday of an apparent drug overdose.Medics received a call from the Tim’s Motel in the 4400 block of Washington Boulevard in Halethorpe, a little after 3:00 a.m. for the report of an unconscious male.Baltimore police officer Joseph Banks Jr., 25, died of an apparent drug overdose Feb. 25. (Courtesy Photo)When medics arrived, they found officer Banks unresponsive. After several unsuccessful attempts to revive the officer, he was pronounced dead on the scene.A woman, only identified as Officer Banks girlfriend at the scene, told police that she and Banks had been using drugs throughout the day when Banks used the last of his drugs around 11:00 p.m; that is when she noticed the officer making noises as if he was struggling to breathe.The woman told police that she called a friend for Narcan but was unable to administer it. Narcan is the controversial drug that reverses the affects of overdoses.Four hours later, she called police.It is not known why she was unable to administer the Narcan.According to the police report, heroine and opioids were found at the scene.Also noted in the police report, Officer Banks and the unidentified female were both bruised and bloody from an apparent physical altercation.Officer Banks was arrested in October 2018 for an assault charge in Anne Arundel County at a motel where he was living with a woman, according to online court documents.It is unclear if this is the same woman in both cases.Banks had been on the force for six years and was assigned to Juvenile booking and intake.At the time of his death, Banks was suspended from the force and The Afro has also learned that his father is also a Baltimore Police Officer.It is not clear if Banks was suspended stemming from his arrest in October 2018.Banks, who was a graduate of Merganthaler-Vocational Technical high School, also known as Mervo.“Rest in heaven Joseph #mervopride forever. I am so sorry this happened to you”, said a classmate on Facebook.“We are deeply saddened by Officer Banks death. Out of respect to him and his family, we will not comment further”, said a Baltimore Police PIO in a released statement.last_img read more