November 25, 2024

Media Decoder Blog: The Breakfast Meeting: The Times Co. Plans to Sell The Boston Globe, and Robin Roberts Returns

The New York Times Company announced Wednesday that it had retained Evercore Partners to manage the sale of the New England Media Group, which includes The Boston Globe, Boston.com, The Worcester Telegram Gazette and Globe Direct, a direct-mail marketing company, Amy Chozick and Christine Haughney write. The Times Company paid $1.1 billion for The Globe in 1993, and for years the daily brought prestige and profits to the company, but the paper’s circulation has diminished by nearly half in the last decade. The Times Company is expected to seek a buyer in an auction, but there is no assurance that one will appear.

Robin Roberts made a television comeback unlike any other when she hosted “Good Morning America” for the first time since she left the show in August to battle a life-threatening illness, Brian Stelter reports. “Good Morning America” is the top-rated morning show, and Ms. Roberts is the most-liked host by a wide margin, so her return is good news for executives at ABC, who hope they can continue to beat NBC’s “Today” in the ratings. Ms. Roberts’s case is unusual — she was diagnosed with myelodysplastic syndromes, a rare blood disorder, and had to undergo a bone-marrow transplant. ABC made Ms. Roberts’s condition and treatment a part of the show, even while she was in the hospital recuperating from her transplant, which may be part of the reason that “Good Morning America” continued to beat “Today” over the last few months.

Madison Avenue may be anticipating the Oscars as much as Hollywood this year, Stuart Elliott explains. Advertisers are paying ABC the highest prices since 2008 for advertisements during the network’s broadcast of the awards, between $1.65 and $8 million for 30 seconds of airtime. A recent trend of advertisers treating the Oscars like the Super Bowl, as a platform for new ads that will elicit an audience response, seems to be intensifying, with brands like Chobani, Grey Poupon, Hyundai, Neutrogena and J.C. Penney planning to show new campaigns or new commercials in existing campaigns.

YouTube has officially become a hit maker, Ben Sisario reports. This week the Billboard Hot 100, the magazine’s 55-year-old singles chart, has incorporated YouTube plays into its formula. Baauer’s “Harlem Shake,” a bass-heavy hip-hop track with no lyrics beyond a few samples that has become the latest viral video sensation, will make its debut at No. 1 this week because of the change. “The notion that a song has to sell in order to be a hit feels a little two or three years ago to me,” Bill Werde, Billboard’s editorial director, said.

Rob Morrison, a news anchor for WCBS-TV in New York, resigned from his job on Wednesday after his weekend arrest on charges of choking his wife during a domestic dispute, Marc Santora reports. Mr. Morrison anchored the morning and noon news programs, and his wife, Ashley Morrison, works as a reporter for CBS MoneyWatch. Mr. Morrison’s decision came one day after he was arraigned and charged with strangulation, threatening and disorderly conduct. He was released on bail, but a Connecticut judge ordered him to stay at least 100 yards away from his wife, except at work.

Article source: http://mediadecoder.blogs.nytimes.com/2013/02/21/the-breakfast-meeting-the-times-co-plans-to-sell-the-boston-globe-and-robin-roberts-returns/?partner=rss&emc=rss

Chinese Exports Grew in December

HONG KONG — Exports from China grew at their fastest clip in more than half a year in December, underpinning hopes that global trade may be stabilizing, and offering some good news for the Chinese economy as it struggles to regain momentum.

Trade data can be volatile and subject to seasonal factors that skew numbers from one month to the next, analysts cautioned, but last month’s 14.1 percent jump in exports from a year earlier topped expectations by a very wide margin, and was a clear positive for the Chinese economy, the world’s second-largest after the United States.

“The numbers were a very pleasant surprise,” Yao Wei, a China economist at Société Générale in Hong Kong, said after the data were released on Thursday. She added that the export performance over the past three months as a whole, while not excellent, showed that external demand was “on an upward trend.”

December’s jump in exports was the fastest expansion since May last year. Exports had edged up just 2.9 percent in November, and climbed 11.6 percent in October, according to official data.

“Put in perspective with the four previous export downturns, 2012 looks to have done quite well,” Xianfang Ren and Alistair Thornton, economists at IHS Global Insight in Beijing, wrote in a research note, referring to the country’s export performance.

Taken together with recent trade data from Taiwan and South Korea, Ms. Yao said, the December data from China showed that demand from the United States was fairly stable. Demand from beleaguered Europe, she said, was “not great, but not bad,” while demand from emerging markets — which have generally enjoyed far faster growth than developed nations in recent years — remained firm.

At the same time, however, the economic and budget travails of the United States and Europe continue to overshadow the global outlook, and are likely to curtail future growth, economists have long cautioned.

“With our projection for continued contraction in the euro zone and continued slowdown in the US economy,” the economists at IHS commented Thursday, “we believe China’s export sector will face another uphill battle this year — an even tougher one than 2012.”

Article source: http://www.nytimes.com/2013/01/11/business/global/chinese-exports-grew-in-december.html?partner=rss&emc=rss

Bits: Meg Whitman Finds a Job

Meg Whitman, the former chief executive of eBay who lost her bid to become California’s governor, has a new job.

She has joined Kleiner Perkins Caufield Byers, the Silicon Valley venture capital firm, as a part-time special adviser, Kleiner Perkins announced late Tuesday. In addition to coaching and advising entrepreneurs, she will help evaluate new digital investments.

“I’ve known the KPCB team for years – they are fabulous advocates for technology-based start-ups,” Ms. Whitman said in a statement. “I look forward to providing insight and applying my experiences to help the next generation of businesses scale.”

Kleiner Perkins is among the most well-known venture capital firms, with early investments in successes like Google and Yahoo. More recently, it has invested in Twitter and Zynga, which makes online video games.

The hiring of Ms. Whitman, a Republican, adds to Kleiner Perkins’s political pedigree. Former Vice President Al Gore, a Democrat, is a partner while former Secretary of State Colin Powell, a Republican, is described as a “strategic limited partner.”

Ms. Whitman won the Republican primary for California governor last year, but lost by a wide margin in the general election to Jerry Brown, a former governor. She spent more than $160 million, most of it from her own fortune, on the failed venture. She remains, nevertheless, a billionaire.

Prior to running for office, Ms. Whitman led eBay for 10 years, starting when it was a start-up with only 30 employees. During her tenure, the company became a global colossus, although it struggled with slow growth during the last couple of years that she was there.

“Meg helped build eBay into one of the leading players in online commerce,” Ted Schlein, a venture capitalist with Kleiner Perkins, said in a statement. “Her experience and strategic advice will be invaluable to entrepreneurs who are rapidly changing the way business is done.”

Regardless of her role, the question will inevitably be whether Ms. Whitman can pick winning companies from the losers. Her record at eBay, at least in terms of acquisitions, was mixed. EBay’s acquisition of online payment service PayPal in 2002 is considered one of Ms. Whitman’s wisest business decisions as a chief executive. Acquiring online calling service Skype in 2006, in contrast, was a failure.

Since losing the governor’s race, Ms. Whitman has gradually added new responsibilities, joining the boards of Hewlett-Packard, Procter Gamble (she had left that board while running for governor) and Zipcar.

Article source: http://feeds.nytimes.com/click.phdo?i=94b5c0fbfa824d8db86315f70a78c7fd