Sunday, September 16, 2018

Cloud computing company owners buy TIME magazine

Media giant Meredith Corporation has agreed to sell TIME Magazine for $190 million, The Wall Street Journal reported Sunday.
Marc Benioff, co-founder of the cloud computing company Salesforce.com, and his wife Lynn Benioff are purchasing the publication, they confirmed to the Journal. The proposed sale to the Benioffs is expected to close within 30 days and will be unrelated to Salesforce.com.
They also told the newspaper that they won’t have any day-to-day influence over the magazine’s operations, nor will they have any journalistic input.
“We’re investing in a company with tremendous impact on the world, one that is also an incredibly strong business. That’s what we’re looking for when we invest as a family,” Marc Benioff told the newspaper.
 

Saturday, September 8, 2018

Erich Lessing, 95, photographer who chronicled postwar Europe, dies

Sam Roberts of the New York Times writes:
"Erich Lessing, a self-taught photojournalist who fled the Nazi annexation of Austria as a teenager in 1939 but returned after World War II to document Europe’s political and cultural rebirth, died on Aug. 29 in Vienna. "He was 95.
"His death was announced by Magnum Photos, the agency that recruited him in 1951 after he returned from Israel, where he had eked out a living driving a cab, selling cameras, breeding carp on a kibbutz and taking pictures of kindergarten classes and of mothers with their children on the beach near Tel Aviv."

Thursday, September 6, 2018

Postmedia threatens to lock out Ottawa Citizen and Sun staff over latest contract offer

Postmedia Network Inc. has told Ottawa Citizen and Ottawa Sun staff that it will lock out union employees starting Monday if they reject or refuse to vote on its final contract offer Sunday.
Chris Krygiel, vice-president of human resources and labour relations at Postmedia, said in a letter Thursday to staff that a lockout is not the company’s preferred course of action, but that both sides have to “move on” from a collective agreement that expired 34 months ago.
He said the company has made the best offer it can on benefits given the economic challenges of the industry. Postmedia has struggled under significant debt and declining advertising revenue in recent years.
Lois Kirkup, vice-president of the Ottawa Newspaper Guild, said the company is asking for significant cuts on top of agreed-upon concessions that included a shift to a defined contribution pension.
“They’re actually gutting our benefits,” said Kirkup. (CP)

Tuesday, September 4, 2018

Something new: A no-anchor TV station starting in Montreal

Dave Sidaway of he Montreal Gazette writes:
Young, fast, new, different. And cheap.
That, put bluntly, is the strategy of CityNews Montreal, the local English-language TV newscast that launches on Monday.
The biggest difference from CTV, CBC and Global is that CityNews works without anchors. There’s no equivalent to a Mutsumi Takahashi or a Debra Arbec or a Jamie Orchard. Instead, it jumps directly from reporter to reporter in the field, most of them working without a separate camera operator or editor.
The broadcasts will also put less of an emphasis on weather and sports. The former will be shorter and pre-recorded locally by Breakfast Television weather presenter Catherine Verdon-Diamond. The latter will be produced by Sportsnet out of Toronto (but customized for the market). And if you watch the entire show, you’ll see local news repeated in the second half.
Dave Budge, VP of news and information at Rogers Media, told the Montreal Gazette that ratings data shows “the vast majority of viewers watch a fraction of the newscast,” so they want to give stories another chance to be seen.
Full story

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