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Posted on 11/15/2011 11:27:12 AM PST by abb
Newsweek was jolted by three high-level departures on Monday, a sign that the merger a year ago with The Daily Beast has left the magazine deeply unsettled.
The upheaval hit the challenged advertising sales unit and the newsroom, where the editing and reporting ranks are straining under Tina Brown’s high-pressure management style.
The executive editor, Edward Felsenthal, who has been with Ms. Brown since The Daily Beast first went online in 2008, handed in his resignation on Monday. He was joined by Tom Weber, the managing editor who started at Newsweek in January.
The publisher, Ray Chelstowski, was fired. His tenure was short as well, just 10 months in which he had to persuade advertisers to endorse the magazine’s new direction.
Though the magazine had begun to see some turnaround in its advertising sales — it announced on Monday along with news of Mr. Chelstowski’s firing that October numbers were up 10 percent — the progress was evidently not enough. Over all this year, Newsweek’s ad pages are down 21 percent. By comparison, Time magazine’s pages are up about 1 percent for the year.
Ms. Brown has brought in two new people — Mark Miller, a former Newsweek editor with 21 years of experience at the magazine, and Justine A. Rosenthal, formerly the editor of The National Interest — to take over the responsibilities of Mr. Felsenthal and Mr. Weber.
Mr. Chelstowski’s duties will be assumed in part by someone with more digital experience, Eric Danetz, a former executive with CBS Interactive.
Ms. Brown cast the moves, which coincided with a meeting of the Newsweek-Daily Beast board on Monday, as a restructuring. Mr. Miller will run the operational side of the newsroom while Ms. Rosenthal will help steer the news report.
snip
(Excerpt) Read more at nytimes.com ...
ping
Newsweek has been on life support for ages. Someone issue the DNR order
Rats flee the sinking ship!
“Tina brown’s rag”? Lol wow post of the day.
Sooooo many uses for that little phrase
http://www.netnewscheck.com/article/2011/11/14/15284/online-poised-for-dominance-in-local-ads
Poised For Dominance In Local Ads
A new report from Borrell Associates predicts that online could become the primary destination for local advertising dollars by 2013, while mobile advertising will steadily increase its share of local ad dollars, reaching 88% by 2016.
http://online.wsj.com/article/SB10001424052970204323904577038040656015860.html
Publisher, Top Editors Out at Newsweek, Daily Beast
http://www.deadline.com/2011/11/analyst-big-media-earnings-set-to-decelerate-sharply-in-2013-as-tv-becomes-a-zero-sum-game/
Analyst: Big Media Earnings To “Decelerate Sharply” In 2013 Due To TV Zero-Sum Game
http://online.wsj.com/article/SB10001424052970203537304577032633626204846.html
Ad Spending Loses Steam
http://www.latimes.com/business/fi-ct-tv-advertising-20111115,0,2690449.story
TV’s ad revenue stream faces crosscurrents
http://adage.com/article/mediaworks/abc-seeks-1-6m-1-7m-oscars-ad-time/230995/
ABC Seeks $1.6M to $1.7M for Oscars Ad Time - Pricing Flat or Slightly Below That of Last Telecast
http://www.philly.com/philly/news/133854188.html
Inquirer and Daily News moving to Eighth and Market
http://www.mediapost.com/publications/article/162145/big-4-tv-nets-wane-as-google-facebook-command-ad.html
Big 4 TV Nets Wane As Google, Facebook Command Ad Dollars
My local NPR station sometimes offers free subs to Newsweek for a $40 or more donation. Forgive me for listening. They play classical music full time. I ALWAYS turn off or switch when NPR news comes on.
Tina Brown, yet ANOTHER Radical Gay Big Media “Mogul”.
Newsweek had an offer from a legit (conservative) web site for serious money (that would have presumably saved the company and many of the jobs).
Instead, they decided to sell themselves to a left-wing site for $1, because they couldn’t stand the idea of being turned into a conservative magazine.
Do I feel sorry for them now? No; being liberal was more important to them than being profitable; they are reaping what they have sewn.
Strange as it may seem, I listen to NPR's broadcasts on occasion. With over fifty years as a news junkie, and the corresponding experience in differentiating news from propaganda, I can actually glean a few nuggets of real information in their alleged newscasts.
In other words, I know what to believe and what not to believe.
Kirsten Powers was not on the list. Too bad
Newsweek is now Newsweak.
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