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Oprah Winfrey's OWN becomes profitable faster than execs predicted
Discovery CEO David Zaslav says that OWN beat his forecast that it would begin to generate cash in the second half of this year. He told analysts recently, in his Q2 report, that Discovery's joint venture with Oprah Winfrey is "now cash flow positive and starting to pay down the investment Discovery has made in the venture."
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House tweaks FCC reform bill to accommodate new chairs
Broadcasting & Cable
House Energy and Commerce Committee members have agreed to tweak an FCC reform bill so that it won't hit the a new FCC chairman too hard before they get their FCC-legs, as it were.
What the Publicis-Omnicom merger means to media owners
It may be instructive to think of the Publicis-Omnicom merger as a fantastically complex Rube Goldberg device that was triggered by the recent signing ceremony. The convoluted machinations that will be set off by each successive activation (the hopping of regulatory hurdles, the alignment of cultures, the streamlining of clients) will lead to a relatively simple result—a near-exponential increase in the amount of leverage the new entity will bring to bear in its dealings with media owners.
Diginets reflect TV's past, drive its future
Multicasting is a growing component of many TV stations' top lines. It's estimated that diginets are delivering at least $200 million in revenue a year. Tribune's broadcasting chief Larry Wert says: "They are more lucrative right now than online, that's for sure, and they are still growing." With continued investment, multicasting could be the next great revenue stream.
'Newsroom's' Olivia Munn on censorship and being Asian
The Wall Street Journal
HBO's "The Newsroom" has been chided for offering a romantic, idealized look at broadcast journalism, rewriting news plotlines the way creator Aaron Sorkin wishes the media had treated some of the biggest stories of the past year. Olivia Munn, who plays the character of brilliant economics reporter Sloan Sabbith, spoke about the relevance of the show to Asia's viewers and what attracted her to Sorkin's latest series.
Vanessa K. Bush named editor-in-chief of ESSENCE magazine
Target Market News
Vanessa K. Bush, award-winning journalist, editor and author, has been named editor-in-chief of ESSENCE, it was announced by Martha Nelson, editor-in-chief, Time Inc. As editor-in-chief, Bush will serve as the brand's editorial leader and oversee the magazine's content and vision.
Revolt TV taps cable execs
Revolt TV continued to look to the cable industry to build its executive team, naming former MTV executive Andy Schuon and Comedy Central programming Val Boreland to its staff. The executives join former ESPN content head Keith Clinkscales, who was named Revolt TV CEO.
Rihanna declared 'style icon' in winning lawsuit against Topshop
The Hollywood Reporter
Today is Rihanna's lucky day. The pop music superstar has not only succeeded in winning a lawsuit against Topshop, a U.K.-based fashion retailer that has stores around the world; she also got a justice to recognize the value of her imprimatur as a bonafide "style icon."
Fox's Spanish-lingo network Mundo needs mojo
MundoFox, the joint venture of Fox International Channels and Colombia's RCN Television, will mark its first anniversary Aug. 13. Like any newborn, the broadcast net has experienced growing pains, facing an uphill climb in drawing viewers and gaining distribution in key Hispanic markets.
Don Lemon and the complexity of race
Don Lemon, one of CNN's highest-profile black anchors, triggered a recent firestorm of anger and recrimination when he suggested that African Americans should alter their personal behavior if they want to achieve racial equality. Lemon's efforts at tough love admonished young black men for wearing baggy pants, castigated hip-hop for romanticizing prison culture, implored young people to study and, in a rhetorical flourish that some found especially painful, blamed unwed mothers for having too many babies.
Upcoming NAMIC events
NAMIC-Atlanta: Mae Douglas Leadership Awards Dinner
6-8 p.m. Aug. 6 — Hyatt Regency Suites, Marietta, Ga.
Featuring the presentation of the Mae Douglas Leadership Award by Mae Douglas herself. $35 members; $45 nonmembers. If interested in attending this event, please contact Erin Kaczmarczyk at email@example.com
NAMIC-Philadelphia: The Money Chat Series with Bradley Mattson — Money Chat No. 1: Financial Harmony
11:30 a.m. -1 p.m. Aug. 7 — Comcast Center, 45 K&L
Join us for the first of three money chats with Bradley Mattson, chief financial strategist and partner at 1847Financial as he shares how to create financial harmony that is in sync with our lifestyle and behaviors.
Click here to register.
NAMIC-New York: Summer Mixer
6:30-9 p.m. Aug. 13 — Sky Room, New York
Come mix and mingle with friends and colleagues before we close out the summer.
Click here to RSVP.
NAMIC-Philadelphia: Managing the Work/Life Balance Lunch & Learn Event
Noon-1 p.m. Aug. 15 — Comcast Center, Philadelphia
NAMIC-Philadelphia would like to invite you on Aug. 15 for lunch and conversation with Charlie Herrin, senior vice president of Product Design and Development at Comcast. Herrin will share his insights from his experience balancing work and life and he'll provide some tips on how the XFINITY products he works to develop can help you be balanced at work and at home.
Click here to register.
27th Annual NAMIC Conference
Oct. 8-9 — New York Marriott Marquis, N.Y.
Registration prices: $1,375 members; $1,650 nonmembers. For more information, visit the conference site. Register here.
The 11th Annual Hispanic Television Summit
The Hispanic Television Summit has become the premier conference for those in the business of television intended for Hispanic viewing audiences. This event is presented by leading television industry publications Broadcasting & Cable and Multichannel News at the New York Marriott Marquis Hotel on Oct. 2.
For more information about this event and to register, please visit: hispanictvsummit.com or contact Jennifer Ware at 917-281-4718 or firstname.lastname@example.org.
Filipino wins 'The Apprentice Asia'
Sun Star Manila
Filipino marketing executive Jonathan Yabut was named as the season one winner of reality competition "The Apprentice Asia." The 27-year-old Economics graduate from the University of the Philippines outgunned 11 other contestants from the Asian region through 10 boardroom trials and countless tests of ability in sales, negotiation, creativity, management, marketing and leadership skills.
BBC America's 'Luther' will return in September
BBC America's critically acclaimed crime series "Luther" will makes its anticipated return over four nights in September. The drama stars Idris Elba ("Pacific Rim," "Thor") as John Luther, a role that won him a Golden Globe Best Actor award.
Subway adds soccer legend Pele as brand ambassador
Subway Restaurants announced recently that Brazilian soccer icon Pelé would be its latest brand ambassador joining other athletes including Michael Phelps, Nastia Liukin, Ryan Howard, Mike Trout, Robert Griffin III and Carl Edwards. Pelé will appear in advertisements and in-store promotions in the U.S. and around the world for Subway.
Latina power shift
U.S. Hispanic women, also known as Latinas, have recently and rapidly surfaced as prominent contributors to the educational, economic, and cultural wellbeing of not only their own ethnicity, but of American society and the consumer marketplace. This rise of Latinas is driven both by strong demographics and a healthy inclination to embrace and retain their Hispanic culture even as they make significant strides toward success in mainstream America.
NAMIC Diversity Digest
The opinions, beliefs and viewpoints expressed by the various authors cited in this newsletter do not necessarily reflect the opinions, beliefs and viewpoints of NAMIC.
NAMIC's mission is to educate, advocate, and empower for multi-ethnic diversity in the communications industry.
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