Steve Jobs Punishes a Leaker
Remember the publisher who leaked Steve Jobs' iPad secrets yesterday? His punishment has begun.
Watch Steve Jobs' Code of Silence Get Violated
Uh oh: It looks like McGraw Hill's CEO didn't get the memo about how Apple omertà strictly forbids the leaking of any tablet news prior to Steve Jobs' big presentation tomorrow. He went on CNBC and blabbed.
Anyone Have a Magazine to Sell to Mort Zuckerman?
Mort Zuckerman's latest attempt to expand his media empire has failed, it seems. Reuters is reporting the real estate developer and owner of the Daily News and US News has decided to drop out of the race to acquire BusinessWeek, possibly because he sensed execs at the mag's parent company, McGraw-Hill, are more…
Condé Cuts, Leno's Debut & Falling Ratings
• The bad news for Condé Nast now that McKinsey has finished up its summer-long review: Editors and publishers at the company may be asked to trim their budgets by as much as 25 percent. The good news, according to one Condé insider: "This doesn't mean Anna Wintour is going to start taking the bus," nor is the company…
The Cronkite Memorial, Another Times Kidnapping
• A long list of media luminaries and politicians, including President Obama and former president Clinton, turned out for this afternoon for a memorial service at Avery Fisher Hall in honor of Walter Cronkite. [WP, NYT, LAT]
• Stephen Farrell, a New York Times reporter taken hostage by militants in Afghanistan, was…
Ben's Big New Deal, Another Rough Quarter For Viacom
• Ben Silverman didn't have much success during his two-year stint at NBC, but that didn't stop him from scoring a super-sweet deal with Barry Diller's IAC. His new venture will reportedly give him $100 million to play with. [NYP]
• Viacom, the media conglomerate controlled by batty billionaire Sumner Redstone,…
Cuts at McGraw-Hill & The Shakeup at Forbes
• McGraw-Hill, which announced recently that it's looking to get rid of BusinessWeek, has now announced plans to get rid of 550 employees. [WSJ]
• Jim Spanfeller, the president and CEO of Forbes.com, either decided to leave the company or was forced out, depending on who you talk to. [DF, NYT]
• As expected, the new…
550 Layoffs at McGraw-Hill
McGraw-Hill is currently trying to sell off BusinessWeek, but they'll be lucky to make a buck on the deal. Worse: today the company announced it has laid off 550 people.
The Times Sells WQXR, Murdoch to Buy the 'News'?
• The New York Times Co. is selling its classical radio station WQXR to WNYC Radio and Univision as part of a "complex deal." One thing that isn't complex: The sale will pump a much-needed $45 million into the paper's coffers. [NYT]
• Is Rupert Murdoch planning to buy the Daily News from Mort Zuckerman? That's what…
BusinessWeek, Brüno, Bernie & Jared Kushner
• Looking to buy a struggling business magazine that's losing advertisers right and left? You're in luck. McGraw-Hill has put BusinessWeek up for sale. [BN]
• The hottest interview in TV-land right now? Bernie Madoff, naturally. [B&C]
• Not such great news for the television biz: Most networks are experiencing a…
Wiley Bails Out Bailout Nation
Barry Ritholtz, the feisty stock-market blogger who sparred with McGraw-Hill over a book which criticized its S&P bond-rating unit, has found a new publisher for Bailout Nation.
McGraw-Hill Mixes Its Book and Bond-Rating Businesses
In his forthcoming book, Bailout Nation, financial blogger Barry Ritholtz sticks some of the blame for Wall Street's meltdown on credit-rating agencies like S&P. McGraw-Hill owns S&P — and now it's not publishing Ritholtz's book.
Time Inc. Pulls Back, Fox News Apologizes
♦ Details on the layoffs and management changes at Time Inc. [NYP]
♦ More on the demise of Maer Roshan's Radar and its God-awful TMZ-like reincarnation. [NYO, HuffPo]
♦ Fox News has apologized for putting a racist and anti-Semite on the air. [MM]
♦ Noted media expert (and former basketball player) Charles…
'BusinessWeek' Doesn't Want Your Stinking Page Views
Whatever you do, don't try to boost BusinessWeek's web traffic! Turns out they don't want your stinking clickthroughs. As a recent story subject discovered, should you be inclined to push traffic their way via a direct "deep link" to a story, the McGraw-Hill magazine will even go so far as to ask you not to link to…
Job Cuts
Anyone at BusinessWeek know how many positions are going at the formerly peppy business magazine? Tip us. (There have been other cuts at McGraw Hill, the parent company, but we don't care quite so much about Aviation Week.)
Portfolio Takes A Dig At Competition Via PhotoShop
Was Portfolio's production team projecting just a smidge when they chose to illustrate a column this month about the city's declining commercial real estate market with a "foreclosure"-stamped photograph of the Time-Life, Simon & Schuster News Corp and McGraw-Hill buildings? The buildings house most of Portfolio's…
