[GWL]: FW: Daily Media Digest

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• Subject: [GWL]: FW: Daily Media Digest
• From: "Lon J. Rombough" lonrom@hevanet.com>
• Date: Mon, 13 Aug 2001 20:59:20 -0700
• Content-length: 3445
• List-archive: <http://topica.com/lists/Gardenwriters/read>

>----------------------------------------------------------------------
>                        I N S I D E . C O M
>                D A I L Y   D I G E S T : M E D I A
>----------------------------------------------------------------------
>August 13, 2001 11:45 AM ET          - http://www.inside.com -
>
>
>SAY A LITTLE PRAYER
>
>Hearst Magazines laid-off as many as 50 people last week. Top brass at
>the company then tried to cheer up with a party at the home of their
>president Cathleen Black, according to the New York Post. The cutbacks,
>done magazine by magazine, have affected Good Housekeeping, Country
>Living and Esquire, among others, the story reports. At the party were
>Hearst's top management and editors, along with Talk magazine's
>editor-in-chief Tina Brown.
>
>http://www.nypost.com/business/37257.htm
>
>
>LAYOFFS AT AOL LOOMING
>
>Another round of layoffs are expected at AOL Time Warner soon, reports
>the Wall Street Journal (subscription required). The cutbacks may come
>at AOL's online division, though the exact number is not known,
>according to the story. CBSMarketWatch puts the layoff figure at around
>1000. The cutbacks come as the company struggles to meet its revenue
>expectations, according to the analysts quoted in the story.
>
>http://interactive.wsj.com/articles/SB99767251848856815.htm
>http://cbs.marketwatch.com/news/story.asp?guid=%7BD8AE8202%2DC6CC%2D4C4
>B%2D91EA%2D2A668B1DF809%7D&siteid=mktw
>
>WOLFF IS IN THE BUILDING
>
>Michael Wolff gives a lowdown on his life as a media columnist, in a
>Guardian profile. The media columnist for New York magazine remain
>pessimistic on the future of the industry he covers and maintains that
>it is fast turning into a commodity. Even though he has burned a lot of
>people with his incisive commentaries on the media scene/personalities,
>the media feeds off him as much as he does on them, writes the
>Guardian: "If the city's media elite really were run like a mafia,
>Wolff would be the sooth-saying uncle that the Don can't quite bring
>himself to bump off."
>
>http://media.guardian.co.uk/mediaguardian/story/0,7558,535753,00.html
>
>
>MUCH MORE THAN DUTCH NOW
>
>VNU, the giant Dutch media company has made a comeback in the last
>seven years, having transformed itself into a global player of trade
>media and consumer information, reports The New York Times in company
>profile. The growth came through acquisitions and mergers of their
>research units. The U.S. now accounts for more than 50 percent of the
>company's revenues, a big change from 1994, when 90 percent of revenues
>came from the Netherlands. There is some skepticism among analysts
>about VNU's ability to manage its diverse holdings and integrate the
>constituent companies, according to the story.
>

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