Posted by Mark J. Miller on March 18, 2013 02:43 PM
It's no secret that the print news industry is suffering, but according to Pew's 2013 State of the Media study, consumers think that's no excuse for poor news quality.
While the industry continues to throw its hands in the air, baffled by the onslaught of digital, consumers are getting more savvy—and critical—of coverage, which, according to Pew, is contributing to the dwindling number of readers. 31 percent of the 2,000 consumers surveyed said they stopped consuming news from a particular outlet because the coverage no longer satisfied their news needs, according to the study.Continue reading...
in the spotlight
Posted by Abe Sauer on December 19, 2012 10:11 AM
"The Freedom Group came in and consolidated production and just alienated everybody because they bought up these great brands and then destroyed them... it is fu***ng up some of the best brands in the gun world."
Robert Farago, publisher of the popular gun blog The Truth About Guns, told me that about the Freedom Group a month before the shootings in Newtown, Connecticut, involving its gun brand Bushmaster. It was a month and a few days before Cerberus Capital Management announced it would sell its 95 percent stake in Freedom Group, citing the school tragedy which had, in its words, "raised the national debate on gun control to an unprecedented level."
Investors saw Cerberus' move as a surprise (an added wrinkle: the father of the founder of Cerberus lives in Newtown) despite the raging gun debate. But many in the gun owning community saw it as a ray of hope. Finally, maybe, some classic gun brands would be free from an umbrella group that, in the opinion of many, was destroying untold brand value.Continue reading...
in the spotlight
Posted by Shirley Brady on December 18, 2012 06:17 PM
After clamming up in the wake of the Newton, Connecticut, school shooting massacre on Friday, the National Rifle Association finally broke its silence today to announce a press conference on Friday, and released a statement that read in part:
The National Rifle Association of America is made up of four million moms and dads, sons and daughters – and we were shocked, saddened and heartbroken by the news of the horrific and senseless murders in Newtown. Out of respect for the families, and as a matter of common decency, we have given time for mourning, prayer and a full investigation of the facts before commenting. The NRA is prepared to offer meaningful contributions to help make sure this never happens again.
The debate on America's out of control spiral on gun vioence dominated the news cycle and social media today, as more young victims of the Sandy Hook shooting were buried. A few turns in the events as the debate played out on Twitter leading up to the NRA's statement:Continue reading...
in the spotlight
Posted by Dale Buss on December 17, 2012 07:14 PM
Newtown, Conn., and its survivors have only begun to cope with the aftermath of the rampage that ended in the deaths of 28 people, 20 of them first-graders, on Friday at Sandy Hook Elementary school.
But it didn't take long for gun-control advocates to urge President Obama and all politicians, not just Democrats, to take a stand and rev up action for tighter controls on the types of weapons used by the shooter, Adam Lanza, as polls show that the majority of Americans favor gun control laws.
Those measures are shining a spotlight on "Big Gun" brands such as Smith & Wesson and owners of gun makers such as Cerberus, whose privately held Freedom Group is a "firearms conglomerate" (as Fortune puts it) that produces the Bushmaster .223 assault weapon (and a "man card" campaign raising hackles across the web) used by Lanza, along with his mother's Glock and Sig Sauer handguns.
Cerberus is taken to task in Eliot Spitzer's Slate column today, because the private-equity firm has acquired the find-it-at-Walmart Bushmaster and other top gun brands over the past several years. Meanwhile, investors nervous about the prospects for gun freedoms have been sending down the stocks of Smith & Wesson and Sturm Ruger. Even a hunting-gear retailer, Cabela's, has been caught in an investment downdraft since the Newtown massacre, Investor's Business Daily reports.
Naturally coming under the spotlight once again is Sig Sauer and Glock, an Austria-based arms manufacturer with a U.S. office in Georgia. Its semiautomatic pistols have been used in some of the biggest recent mass murders including the shootings at a movie theater in Aurora, Colo., and killings at a Sikh temple in Wisconsin.Continue reading...
Posted by Dale Buss on November 12, 2012 09:01 AM
Apple and HTC settle patent dispute.
BBC needs radical overhaul, chairman says, as two more senior execs step down.
Hyundai and Kia cope with damage they've done to their main selling point: mileage.
AEG and StubHub align.
Alltel returns with holiday pitch to Santa.
Brinks says it isn't for sale right now.
Cisco rolls out aggressive new strategy for dealing with patent trolls.Continue reading...
Posted by Dale Buss on November 2, 2012 09:07 AM
Chrysler exec tweets a rebuff about Donald Trump comment on Jeep jobs, as UAW leads ethics complaint vs Romney over auto rescue remarks.
Apple's iPad Mini launches globally to shorter than expected lines; secures Lion trademark.
Barclays facing a $470 million fine for alleged energy market manipulation, and a corruption probe.
Australian court rejects free range trademark move.
BlackBerry 10 is on schedule for early next year, RIM says.
Bloomberg Businessweek pins Sandy on global warming in cover story.Continue reading...
Posted by Sheila Shayon on November 1, 2012 01:16 PM
Here's to the many brands that have been stepping up in the wake of Hurricane Sandy's devastation on the U.S., providing everything from money to food to power and their employees, products and services to help disaster relief efforts. A partial list of charitable first-responders follows (and if we miss any, please let us know in the comments):
AT&T will extend late-payment windows for wireless and wireline customers, waive late payment fees and not disconnect services because of non-payment, and in an unprecedented open-network arrangement with T-Mobile, will enable roaming to customers of both companies in the impacted areas. AT&T wireless customers can make a $10 donation (up to $50) for Hurricane Sandy relief by texting to relief organizations. AT&T and T-Mobile also joined forces on a wireless roaming agreement, while Verizon Wireless is offering free charging for all cellphones.Continue reading...
Posted by Sheila Shayon on October 26, 2012 04:47 PM
Al Gore’s embattled, progressive cable news channel, Current TV, is on the block. Spinning it in a positive light, CEO Joel Hyatt confirmed the rumors to the New York Post, commenting, “Current has been approached many times by media companies interested in acquiring our company. This year alone, we have had three inquiries. As a consequence, we thought it might be useful to engage expertise to help us evaluate our strategic options.”
Co-owned by former Vice President Gore, Hyatt (who made his money with Hyatt Legal Services) and several private backers with similar left-leaning political views, Current is available to about 60 million homes, and receives about 12 cents per subscriber from pay-TV operators carrying it, around $82 million last year, according to SNL Kagan, with ad revenue in 2011 estimated at $16.9 million. But that's still not enough to make the media brand an attractive enough standalone play for its owners.
The channel launched in August 2005 as a youth-centric, user-generated service, fueled by Gore’s personal crusade against global warming. Positioned as a bid to "democratize" the media business, putting more power in the hands of viewers to produce and distribute their own content (and then user-generated ads, called V-CAMs, short for "viewer-created ad messages"), the ill-fated service has gone through programming and personnel upheavals since the moment it went live.Continue reading...