Posts Tagged ‘Current TV’

The Week Unpeeled

Media Navel GazeThe year started with quite a bit of news, with markets a bit confused over fiscal cliff next steps and reaction to closely followed US employment news, with employers adding 155,000 jobs in December (called “tepid” by WSJ) and the jobless rate at 7.8 percent.  The equities markets rallied hard last week, with the Dow closing at 13,435 amid its biggest weekly point gain in a year.  Elsewhere:

  • Warren Buffett’s MidAmerican Energy Holdings agreed to spend up to $2.5 billion on what was called the largest solar photovoltaic operation, giving a big boost to alt energy;
  • Google got the all-clear from the US on its search engine after an anti-trust investigation, paving way no doubt for more aggressive competition;
  • Transocean (operator of Deepwater Horizon) agreed to a $1.4 billion settlement with US Dept of Justice from Gulf of Mexico gulf-rig disaster;
  • US car sales soared 13 percent, fastest growth in 20 years;
  • Al-Jazeera, the pan-Arab news outlet, bought Al Gore’s Current TV, which will increase its US distribution to 40 million homes;
  • Andrew Sullivan announced plans to leave Daily Beast to go solo on his own subscription website, a move that will be watched closely as the high-profile blogger goes the subscription route;
  • Hugh Hefner at 86 marries his “runaway bride,” 26; and
  • The Daily Telegraph reports that Brad and Angelina also got hitched on Christmas. End of Story
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The Midweek Unpeeled

This is certainly turning out to be the week of musical chairs in media and business with a host of unions and separations hitting the tape:

  • Big Item: AOL acquires Huffington Post for $315 million
    (doesn’t that seem kinda small nowadays?);
  • Two columnists departures reported at The New York Times Sunday Magazine (last week but still worth mentioning): Randy Cohen from “The Ethicist” and Deborah Solomon from “Questions for.”  Cohen was replaced by Ariel Kaminer, the paper’s “City Critic” columnist; no replacement named yet for Solomon;
  • Keith Olbermann, formerly of MSNBC”s “Countdown,” is joining Current TV (founded by Al Gore), reportedly to launch a prime-time program a la Countdown;
  • Jeff Fager, the executive producer of “60 Minutes,” was named chairman of CBS News, and Sean McManus, president of CBS News and Sports, moved to chairman of Sports. More interesting, David Rhodes, formerly head of TV for Bloomberg News, was named president of CBS News, his first move to network;
  • The New York Stock Exchange announced that it is talks to be purchased by the German exchange, meaning 11 Wall Street would be foreign owned (reportedly at 60%);
  • The London and Toronto stock exchanges are in talks to merge, a combination that would dominate in the mining/natural resource world; and
  • A Picasso sold for $36 million (boom times!)

At Last! Disappearing Ink for Texting

A little too late for the recent insider traders but maybe just in time for Lindsay, TigerText, which was featured this month in The Wall Street Journal, is a new messaging service that allows users to text free from their smartphones and know when their messages have been delivered, read, and then control when it gets deleted from their phone and the recipients. Untraceable communications will no doubt be the one of the next big must-have apps and will no doubt save many of us loads of embarrassment. Next up?  Disappearing Page Six items. CJP

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