The News Corp. crack-up target date: June 30
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There's still no firm date for the coming News Corp. split, which will create two separate publicly traded media companies where once there was one.
But shareholders will attend a special meeting on June 11 to set things in motion, voting on amendments that are necessary to authorize the split.
The Los Angeles Times reports:
Shareholders will not be presented with an up-or-down vote on whether News Corp. should divide into two companies. Instead, investors will be asked to approve several housekeeping amendments, including changing the parent company's name to 21st Century Fox from News Corp.
News Corp. has not established a date for the split to be effective. However, the company is aiming for June 30, the end of its fiscal year.
The split will relieve News Corp's cash-cow entertainment properties of their corporate affiliation with less lucrative publishing assets like the New York Post. The publishing company will retain the name News Corp.
Half of The Los Angeles Times' newsroom would quit if the Koch brothers bought the paper. [The Huffington Post]
Maria Shriver is headed back to NBC News. [The New York Times]
Confusion at nytimes.com. [Politico/On Media]
This year's Webby Award winners include The Daily Beast, HuffPost Live and The New York Times. [journalism.co.uk]
New Orleans is getting a new three-day-a-week tabloid courtesy of the Times-Picayune. [nola.com]
Quote of the day...
The only real difference between Facebook and Tumblr is that the former achieved escape velocity before the founder was diluted — and neutered.
AP spox tells me that Obama has skipped the AP before at a presidential news conference.— Michael Calderone (@mlcalderone) April 30, 2013
Is there any chance whatsoever that Vibe survives in print now that it has been taken over by SpinMedia(formerBuzzMedia). sad, probably not— Keith J. Kelly (@media_ink) April 30, 2013
The media's Jason Collins coverage gets the Colbert treatment:
From our inbox...
The details on CNN's new morning show:
CNN announced today that its new morning show will be called “New Day.” Hosted by Chris Cuomo and Kate Bolduan, with Michaela Pereira as news anchor, the program will launch Monday, June 10th. It will broadcast live from CNN’s studios in New York City and air weekdays from 6-9 am ET. As was previously announced, Jim Murphy is the senior executive producer and Matt Frucci is the executive producer of “New Day.” CNN’s John Berman and Zoraida Sambolin will continue to anchor “Early Start” from 5-6 am ET.
Since joining CNN a few months ago, Cuomo has helped lead coverage on all major news stories, including the Boston attacks, papal conclave, State of the Union address and Christopher Dorner pursuit. The award-winning anchor and correspondent came from ABC News where he anchored “20/20” and “Good Morning America.”
Bolduan most recently co-anchored “The Situation Room with Wolf Blitzer,” contributed to America’s Choice 2012 and served as CNN’s congressional correspondent covering the activities of the U.S. House and Senate. As a member of the Capitol Hill unit, Bolduan reported on the negotiations to increase the federal debt limit and the super committee deliberations.
Pereira is the co-host of “KTLA Morning News,” the number one morning program in Los Angeles for the last nine years. During this time, the program has won ten Emmy Awards for “Best Regularly Scheduled Daily News” and three for KTLA’s live coverage of the Rose Parade.
CNN Worldwide is a portfolio of two dozen news and information services across cable, satellite, radio, wireless devices and the Internet in more than 200 countries and territories worldwide. Domestically, CNN reaches more individuals on television, the web and mobile devices than any other cable TV news organization in the United States; internationally, CNN is the most widely distributed news channel reaching more than 271 million households abroad; and CNN Digital is a top network for online news, mobile news and social media. Additionally, CNN Newsource is the world’s most extensively utilized news service partnering with hundreds of local and international news organizations around the world. CNN is division of Turner Broadcasting System, Inc., a Time Warner Company.