Posts Tagged ‘Media Navel Gaze’

Media Navel Gaze

The Week Unpeeled

The Germanwings tragedy was front-page news and lead broadcast story for much of last week, with more and more creepy details emerging swiftly each day, focusing recently on the state of depression of the co-pilot who reportedly intentionally crashed the airliner into a French mountainside.  The event unfortunately made it clear that the media and public are becoming very expert at these stories now.

Elsewhere:

  • Kraft will merge with Heinz in an approximately $50 billion deal, a story that put the spotlight on the food industry and the Brazilian PE firm, 3G, which owns Heinz and is known for its cost-cutting strategies;
  • Jurors in San Francisco found that VC firm Kleiner Perkins did not sexually discriminate against a former partner in a very closely watched;
  • Amanda Knox’s murder conviction in Italy was overturned;
  • Facebook said it is considering hosting news content directly on its site – linkfree -- so that readers will not have to visit, for example, Buzzfeed or the New York Times web sites for articles;
  • The NFL is experimenting with totally digital strategy when it announced last week that it would “broadcast” a game on a national platform (not TV), which will open the door to a wonderful scrimmage of digital rights, viewership, advertising, etc.;
  • The Dow fell 2.3 percent for the week to end Friday at 17,712; and
  • Never Too Late:  Richard III got a proper funeral last week, five centuries later in Leicester after his bones had been discovered under a parking lot.

Read the rest of this entry »

Share:
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print

Media Navel GazeThe Week Unpeeled

The US economy continued to show signs of strength with the monthly employment report last week as non-farm payroll rose 295,000 in February, marking the best 12-month run in 10 years; the unemployment rate fell to 5.5 percent.  All good in large part (wages are still weak, however), but analysis focused on the tough predicament for the Fed amid speculation that the zero-rate policy will soon give way to higher rates. Stay tuned for volatile markets, no doubt.

Elsewhere:

  • Hillary Clinton’s use of personal email for State Department business continues to make for prickly headlines (“Stuck in Scandal Lane,” WSJ Peggy Noonan, Declarations column), heating up a practice that is counter to government policy;
  • Apple became part of the Dow Jones Industrial Average, the largest company in the world now by market value; Apple also saw its smartphone sales top Samsung’s, a first in the last four years, but its mobile pay system hit by fraud;
  • The Dow itself, meanwhile, staged one of its largest sell-offs last week to end Friday at 17,856; earlier in the week Nasdaq closed over 5,000, the first time in 15 years;
  • Former NBC News chief Andy Lack is back at the network amid a C-suite shake up;
  • Goldman Sachs is planning to launch its own messaging service this summer called Symphony for Wall Street communications and social networking;
  • Google is planning a wireless service;
  • Israeli Prime Minister Netanyahu comes down hard at the UN calling the Obama Iran plan a “bad deal”; and
  • Bieber turned 21 and Kim turned blonde.

Read the rest of this entry »

Share:
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print

Media Navel GazeThe Week Unpeeled

The Mideast returned to lead the headlines all week, with debate in the US raging over Israeli Prime Minister Benjamin Netanyahu’s visit to the US this week, where he is scheduled to talk in front of Congress (some are opting not to attend in protest) against the White House efforts to limit Iran’s nuclear program, a seeming low-point in US-Israeli relations.

Elsewhere:

  • “Jihadi John” was identified;
  • Net neutrality became more of a reality as the FCC voted to regulate broadband providers as public utilities;
  • RBS is cutting 1,000 jobs in the US as it drastically scales back global operations;
  • The Daily News is on the block, with Lazard reportedly retained as the financial-advisory firm;
  • Nothing passive about It: The oldest active investor died last week at 109; Irving Kahn made his first trade some four month before the 1929 crash;
  • Spock dies at 83; Vulcan hand salute;
  • Stock markets were mixed all week with the Dow ending little changed to close Friday at 18,132; for the month the Dow is up 5.6 percent;
  • Hope it’s better than the chicken: KFC introduced edible coffee cups in the UK, which unfortunately will make the java ritual full of calories; and
  • Color divide: Dressgate happened.

Read the rest of this entry »

Share:
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print

Media Navel GazeThe Week Unpeeled

The mea culpa doesn’t always work.  Or so learned Brian Williams last week when his apology that he “conflated” stories about whether he was riding in a downed helicopter in Iraq actually caused more reputational damage, when what really blew up was Twitter with #BrianWilliamsMisremembers and others critical of the story and his stories, forcing the NBC news anchor to step down from evening news duties for a few days.  Other bigs fell last week, media-wise, with Sony Co-Chairwoman Amy Pascal stepping down following the hacking scandal.

Elsewhere:

  • The jobs picture strengthened considerably with new figures on Friday that showed non-farm payroll up 257,000; based on upward revisions to prior months, job creation has now hit the 1-million mark over the past three months alone;
  • The Dow rose 3.8 percent for the week to end Friday at 17,824, with the jobs report actually taking a little steam out of the recent rally amid concerns for higher interest rates;
  • RadioShack declared bankruptcy;
  • Anthem hit by hackers, affecting 80  million customers for one of the largest cyber attacks for a health-care in history;
  • Pope Francis will address Congress on his US visit, the first pontiff to do so;
  • The Devil Wears Ellies: Vogue won Magazine of the Year at the Ellies last week and parent CondeNast grabbed the most at six; Vice won top video award;
  • Scout Redux:  A lost copy of Harper Lee’s “To Kill a Mockingbird” sequel was discovered, with print runs expected to be high and Amazon already taking orders; and
  • Serial fans: Adnan was granted appeal.

LatAm News

  • Brazilian oil company Petrobras, amidst its ongoing corruption investigation, replaced its senior leadership team, including its CEO Maria das Graça Foster, and named Banco do Brasil President Aldemir Bendine as the new face of the company, which was met with pessimism by Brazilian financial markets;
  • Argentine President Cristina Kirchner this week met with Chinese officials, striking a flurry of bilateral agreements totaling US$21 billion, cementing socio-economic relations between the two nations during a time where Argentina has struggled to repair diplomatic relationships abroad;
  • The Andean Community (comprised of Bolivia, Colombia, Ecuador & Perú) rejected an Ecuadorian proposal to apply an exchange-rate adjustment to imports on Colombian and Peruvian goods following the devaluation of these nations’ respective currencies.  The group, also known as CAN, cited a lack of sufficient evidence proving that the devaluations have had a significant enough impact on Ecuador to warrant a monetary adjustment;
  • Bolivia’s nearly two-year old complaint against Chile in a maritime access dispute continues.  Bolivia’s attorney general Héctor Arce recently expressed renewed confidence that his nation would win the dispute, which is being heard by the International Court of Justice and whose next hearing /will be in May. End of Story
Share:
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print

Media Navel GazeThe Week Unpeeled

With most of the media coverage out of the US seemingly focused on the Super Bowl, some off-the-field news managed to get ink (like high-flying tech/social media earnings) with mixed economic reports sending stock markets lower as global growth concerns (Greece, for example) offset any upbeat domestic reports (tepid GDP figures but extremely strong consumer spending).  The Dow, in fact, closed the month down 3.7 percent to end Friday at 17,164.

Elsewhere:

  • Apple quarterly profit jumped 38 percent to an incredible $18 billion and its market cap hit $683 billion (more than double Microsoft as several observed);
  • Facebook saw revenue increase by 49 percent in the recent quarter but the cash spigot was wide open with expenses up 87 percent; the company reported a whopping 1.39 billion monthly users worldwide;
  • And Google growth slowed;
  • But in more brick-and-burger businesses, Shake Shack went public, landing a valuation of $745 million and even a front-page story in The New York Times;
  • Michelle Obama goes public in Saudi Arabia sans headscarf, causing a bit of a head shake but protocol experts say she was fashion appropriate; and
  • Romney bowed out;

In LatAm:

  • Brazil holds local elections Sunday for seats in its governing house and there is a chance that President Rousseff’s Working Party (PT) will not win a majority in any sector.
  • Moody’s lowered its credit rating on Brazilian oil company Petrobras to one notch above junk level amidst the ongoing “Lava Jato” corruption investigation
  • Bolivian state-owned oil company YPFB invested $29.1 million in its platform during January, a single-month record.
  • Argentine President Cristina Kirchner will visit Chinese President Xi Jinping this week to discuss expanding the two nations’ business relations
  • Peru and India announced plans to begin negotiating a bilateral free trade agreement. End of Story
Share:
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print