It’s tough times for even billionaires like Sumner Redstone.
In an effort to help resolve his debt problems, Sumner Redstone has sold his controlling stake in videogame company Midway Games Inc. to a private investor.
People’s Sexiest Man Alive Issue Includes ‘Scratch-n-Sniff’ Section (Folio)
CoverAwards’ exclusive interview with OK! Magazine’s GM Kent Brownridge (CoverAwards)
The Lifetime cable TV network has counter-sued NBC Universal, Bravo and The Weinstein Company over the rights to the TV program “Project Runway” in the latest legal action that has left the hit show in limbo. (Reuters)
Joe the Plumber gets a book deal. No comment. (NYMAG)
Despite heated presidential campaign, number of people watching network evening newscasts shrinks - maybe nobody’s home from work at 6:30 p.m.?!? (LA. Times)
Digital Magazine Search Service Launched: Zinio’s Inside enables users to search, send digital magazines for free. (Folio)
Shares of New York Times Co. and Media General Inc. Slumped to their Lowest Point in Decades (AP)
News Corp, CBS, Viacom Hit Five Year Lows (Huffington Post)
Time Europe Apparently Laid off just under 20 of the Nearly 30 Editorial Staff (Gawker)
CoverAwards Exclusive Interview with OK! Magazine’s Kent Brownridge (CoverAwards)
Matthews and Olbermann Will “Host” MSNBC’s Election Coverage (TV Newswer)
Shocking! (not really) More people are watching TV & surfing the Internet at the same time - (NYP)
MSNBC breakout talent Rachel Maddow tops the new edition of the Out 100, the magazine’s annual list of movers and shakers (Portfolio)
Viacom Memo: Need to ‘Dramatically’ Reduce Spending (Gawker)
A magazine launch! Advanstar to Launch Eyecare Magazine (Folio)
Drudge Reports 798 Million Page Views in October (Folio)
How ‘Heroes’ Lost its Powers (Portfolio)
Hey, why not?
If Daily Candy can get sold for $125 million to Comcast, we’re setting our goals a little bit higher.
It seems the deal was all about the Daily Candy’s emails and Viacom was willing to go as high as $120 million, according to Mediabistro (which sold for a lot less).
I’m assuming Viacom is still on the prowl.
Sumner Redstone - I’ll be ready for your call. Just a reminder, I used to work there and it would be real fun to work together again.
Just give me a few weeks and we’ll be ready to go.
“I DON’T want to die. I love what I’m doing. I love Viacom. I love CBS. And so I don’t want to die. I have a will to live. The same will to win that I’ve always had. And, I’m gonna fight death as long as I can. I like it here. I don’t want to go anywhere else,” said Sumner Redstone, the head of Viacom and CBS. (Reports Page Six via CNBC’s Business Nation.)
Posted by: Mark Pasetsky
