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The New Math of Media Deals

The New Math of Media Deals

In a span of just three days, the sales of three giants of the old-media world â€" The Washington Post, The Boston Globe and Newsweek â€" were announced, at prices a fraction of the properties’ former value. Wealthy men bought The Post and The Globe; Newsweek was sold to a company that hardly anyone had heard of. The Post announcement prompted the publisher of The New York Times, Arthur Sulzberger Jr., to say that the newspaper was not for sale.

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Compare the three recent sales to the $1.1 billion fetched earlier this year by Tumblr, a microblogging site that allows users to quickly post words and pictures and whose founder, David Karp, once said advertising “really turns our stomachs.” Yahoo bought Tumblr for more than the combined sale prices of The Post and The Globe. (Newsweek’s sale price has not been disclosed.) Mr. Karp was reported to receive $250 million from the sale â€" as much as Jeffrey P. Bezos, the founder of Amazon, paid for all of The Washington Post.

Tumblr’s revenue is not public, but it was reported to have made $13 million in sales last year. Tumblr sells ads now, and its purchase price suggests the market believes that its model is the way of the future.



Eli the Rapper Gets a Thumbs Up From Some Big Critics

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Dispute Over Value-Added Tax on Movie Tickets in China Appears Near End

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Magazine Newsstand Sales Plummet, but Digital Editions Thrive

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Bezos Brings Promise of Innovation to Washington Post

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Profit at Time Warner Surges 87%

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Adding Golf to Its Lineup, Fox Sports Acquires Rights to United States Open

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Jailed Chinese Rights Advocate Speaks Out in Video

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Chinese Journalist Who Advocated for Disgraced Politician Is Detained

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Elisabeth Maxwell, Expert on Holocaust, Dies at 92

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Concert App WillCall Gets a $1.2 Million Investment

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Advertising: To Put Puerto Rico Onscreen, the Right Brands

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The Media Equation: Parodying Cable News With a Talk About Race

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The Times Isn\'t for Sale, Its Publisher Declares

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Fox Sports Will Present Horse Racing Package

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Time Warner Cable and CBS Are Scolded Over Blackout

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Murdoch Shakes Up News Corp.\'s Australian Operation

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How to Make a TV Drama in the Twitter Age

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Common Sense: After Post Sale, Spotlight Shines More Intensely on The Times

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The Rise and Fall of the Computer-Animated ‘Foodfight!\'

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Reports See New Roles for Megyn Kelly and Alec Baldwin

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Sunday Routine | Ken Auletta: Strong Coffee, Weak Hitters

Strong Coffee, Weak Hitters

Nicole Bengiveno/The New York Times

Ken Auletta is a prolific author and staff writer at The New Yorker, with an apartment on the Upper East Side and a house in Bridgehampton, N.Y. But what distinguishes Mr. Auletta, 71, in some media circles is that for the last two decades, he has been a team captain in the annual Artists and Writers Softball Game, which will be played on Aug. 17 in East Hampton to raise money for several Long Island organizations. It is not a job for the meek, Mr. Auletta said. Perhaps you've heard of the egos of writers regarding their athletic prowess? Mr. Auletta is married to the literary agent Amanda Urban, who manages egos and looks for home runs all year long. Their daughter, Kate Auletta, and 4-month-old grandson sometimes join them on Sundays.

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Inquiry Focuses on BBC Severance Payments

Inquiry Focuses on BBC Severance Payments

The British police have told news organizations there that they are starting to investigate whether the British Broadcasting Corporation broke the law by handing out large severance payouts to its executives. The scandal has the potential to entangle Mark Thompson, president and chief executive of The New York Times Company, who worked as the BBC's director general before joining The Times last fall.

Mr. Thompson is scheduled to testify before Parliament on Sept. 9 about severance payouts that were given to high-ranking officials at the organization. A recent report from the National Audit Office found that the BBC paid out £60 million (about $93 million) in severance between April 2005 and March 2013, and that a quarter of the senior managers who received payments were given more than they were entitled to. A BBC spokesman told the British newspaper The Telegraph that the audit “found no evidence of wrongdoing.”

Since Mr. Thompson left the BBC, Parliament has called him back several times for its investigations of events that took place under his tenure as director general, which began in 2004. He was recalled to testify about how the BBC handled sexual abuse accusations against one of its longtime television hosts, Jimmy Savile. Then in June, Mr. Thompson agreed that he would testify before Parliament about questions he answered for members in 2011 about a program called the Digital Media Initiative, which fell under his jurisdiction.

That program had started in 2008 and was intended to convert all of the organization's production and archived materials to a digital format. The project was halted in October 2012 for a performance review, and in May, the BBC's current director general, Tony Hall, decided to cut the program after it had accumulated about $154 million in costs. It remains unclear when Mr. Thompson will testify on the Digital Media Initiative.

Eileen Murphy, a Times Company spokeswoman, declined to comment about the news that the British police have started to investigate the severance payouts. But in June, after the announcement that Mr. Thompson had been called to testify about the Digital Media Initiative, Ms. Murphy said, “Mark has always been cooperative with inquiries when they arise, and he fully intends to continue that practice.”

E-mails sent late Friday evening to both the British police and the BBC for comment were not returned.

A version of this article appeared in print on August 10, 2013, on page A7 of the New York edition with the headline: Inquiry Focuses on BBC Severance Payments.

Journalists in Syria Face Dangers of War and Rising Risk of Abduction

Journalists in Syria Face Dangers of War and Rising Risk of Abduction

Remy De La Mauviniere/Associated Press

Florence Aubenas spoke last month at a gathering for Didier François and Édouard Elias, fellow French journalists who disappeared near Aleppo, Syria.

Abductions of journalists inside Syria have increased sharply this year as the ravages of the conflict have worsened and the insurgency has turned more jihadist and chaotic, making the country one of the most hostile conflict zones for news gatherers in recent memory, according to news media advocacy organizations, rights workers and veteran correspondents.

The Polish photographer Marcin Suder disappeared on July 24.

A YouTube video showed Austin Tice, an American who was taken last year.

Some appear to have been carried out by armed insurgent extremist groups and criminal networks seeking ransom in cash, weapons or both. But others have no declared motive.

Foreign journalists are particular targets, mostly Europeans who have ventured into Syria, usually without the permission of the Syrian government, to cover a conflict now well into its third year. Syrian journalists have been taken, too, as have Syrians working with foreign news organizations.

Foreign reporters were initially welcomed by many insurgents and Syrian civilians, taken for advocates who could publicize grievances against President Bashar al-Assad. Now they are sometimes viewed as interlopers who have no stake in the outcome of the conflict, which has left more than 100,000 people dead.

Spreading economic desperation in Syria has increased the possibility of betrayal, extortion and abduction, according to news media advocacy and rights groups. Some translators, drivers and local guides have reported that criminal groups or jihadists have tried to recruit them to lure journalists into Syria with promises of scoops.

“There have been more abductions and there have been nastier abductions,” said Donatella Rovera, a senior investigator for Amnesty International who has spent long periods traveling in Syria to document rights abuses in the conflict. “There is no denying that the fragmentation of armed groups, and the increased visibility of radical groups, have coincided with an increase in abductions,” she said. “It's fair to assume there is a relationship there.”

The Committee to Protect Journalists, a New York-based advocacy group, has reported at least 14 cases of local and international journalists who are missing or have been abducted this year. Reporters Without Borders, based in Paris, has recorded 15 cases of foreign journalists who are missing or have been abducted or arrested. But the total number of abductions is believed to be significantly higher because many cases have not been publicly disclosed, usually at the request of the victims' families, partly for fear of angering the kidnappers or emboldening them to demand higher ransom payments.

Even at the reported numbers, the pace of abductions of foreign journalists appears on a trajectory to surpass the 25 cases in Iraq in 2007, at the height of the conflict there.

“We see more journalists not abducted by the government, but by independent militias who are going after money, and this is worrying,” said Sherif Mansour, the Middle East and North Africa program coordinator for the Committee to Protect Journalists. The trend toward cash ransom, he said, started in late 2012, “but we can see from the targeting that basically they're going after nationalities that are going to pay.”

Jonathan Alpeyrie, a French-American photojournalist for the Polaris agency, was abducted by Islamist fighters near Damascus on April 29 and released nearly three months later. He said a $450,000 ransom had been paid on his behalf.

“The rebels are so desperate they don't care about their reputation abroad,” he said in an interview published on Wednesday by the Paris-based Journal de la Photographie. “They see guys like us as an opportunity.”

Ricardo Garcia Vilanova, a photojournalist and cameraman who has spent more than 13 months in Syria over multiple trips since the conflict began in 2011, said he had sensed a new mistrust toward the foreign news media on his most recent visit. He said many Syrians who opposed Mr. Assad resented the Western military reluctance to intervene.

The list of cases in the past few months includes both Syrian and foreign journalists. On July 25, three Syrian employees of Orient TV, an opposition television channel, were abducted in the northern town of Tel Rifaat: Obeida Batal, Hosam Nizam al-Dine and Aboud al-Atik. On July 24, a Polish photojournalist, Marcin Suder, was taken in the northwestern province of Idlib. On June 6, two French journalists employed by the Europe 1 radio station, Didier François and Edouard Elias, disappeared near Aleppo. On April 24, a Belgian academic, Pierre Piccinin de Prata, who was reporting for the Brussels newspaper Le Soir, disappeared. On April 9, Domenico Quirico, an Italian journalist for the newspaper La Stampa, went missing near the western city of Homs.

Two Americans journalists were publicly acknowledged to be missing in the past year. Austin Tice, a freelancer who had written for The Washington Post, McClatchy newspapers and Al Jazeera's English-language channel, disappeared near Damascus almost one year ago. And James Foley, who had worked for GlobalPost, a Boston-based news Web site, disappeared Thanksgiving Day in Idlib.

In Mr. Foley's case, an initial decision was made to withhold news of his disappearance, said Phil Balboni, the chief executive and co-founder of GlobalPost, while it quietly investigated what might have happened. Six weeks later, after consultations with Mr. Foley's family, GlobalPost announced in a news article that he had been kidnapped by unidentified gunmen.

“We reached the point where we concluded that his likely abductors weren't going to harm him in any way if we went public,” Mr. Balboni said. Based on information from what he described as credible sources, Mr. Balboni said he believed Mr. Foley had been abducted by pro-Assad militiamen and later turned over to the government in Damascus, despite official Syrian denials.

Peter N. Bouckaert, the emergencies director at Human Rights Watch, said overall abductions began to increase when fighting broke out last year in Aleppo, the country's once-flourishing commercial hub.

The abductions have increased as the insurgency's reliance on jihadist groups, like the Nusra Front and the Islamic State of Iraq and Syria, has grown. “They try to kidnap wealthy Syrians and some journalists for ransom,” Mr. Bouckaert said in an interview in June with Syria Deeply, an independent blog about the conflict. “The kidnappers tend to know the wealth of their victims,” he said.

Mr. Bouckaert said a second category of abduction, in which Sunnis and Shias kidnap each other in tit-for-tat hostilities, has also increased. Unexplained disappearances have proliferated as well, he said, “where people are taken by unknown gunmen and never seen again,” as in the case of two archbishops from Aleppo who vanished in April.

“In general, instability is on the rise in Syria, and these kidnappings are part of this instability,” he said. “Kidnappings are a part of the dangers that civilians in general face in this conflict.”

A version of this article appeared in print on August 10, 2013, on page A4 of the New York edition with the headline: Journalists in Syria Face Dangers of War and Rising Risk of Abduction.

Fox May Produce Clinton Biopic Reviled by G.O.P.

Fox May Produce Clinton Biopic Reviled by G.O.P.

Left, Jason Merritt/Getty Images for Palm Springs Film Festival; Scott Olson/Getty Images

Diane Lane, left, is to star as Hillary Rodham Clinton, the former secretary of state, in the mini-series.

The script for the proposed mini-series on the life of the possible presidential candidate Hillary Rodham Clinton hasn't even been written but we may already have a plot twist.

Chuck Todd, chief White House correspondent for NBC News.

While NBC has come under heavy fire, especially from Republican critics, for agreeing to broadcast the series, the project may wind up being produced by another company: Fox Television Studios, the sister company of the conservative favorite, Fox News.

Leslie Oren, a spokesman for FTVS, as the studio is known, confirmed that NBC is in “the early stages” of discussions to bring the Fox unit in as the production company on the as yet unnamed mini-series, which will star Diane Lane as Mrs. Clinton.

“There is no deal yet,” Ms. Oren said. But should a deal be completed, FTVS would become the distributor of the film internationally. FTVS is the production arm of 21st Century Fox's entertainment group.

It would also become something of an odd partner in what has become a contentious project, especially after Reince Priebus, the chairman of the Republican National Committee, threatened to keep presidential debates involving Republican candidates off both NBC and its news channel MSNBC, if it went ahead with what he called a “promotional movie about the life of Hillary Clinton.”

But criticism of NBC's decision to buy the film has also come from inside its news division, as two correspondents, Chuck Todd and Andrea Mitchell, have spoken out publicly suggesting the film would damage the reputation of NBC News.

Mr. Todd, the chief White House correspondent for the network, said, “this mini-series is a total nightmare for NBC News.” Ms. Mitchell, the chief foreign affairs correspondent for NBC, called the movie “a really bad idea given the timing."

NBC has been in the cross hairs of conservative critics for some time, mainly because its news division also runs MSNBC, which also makes no secret of its political bent - liberal rather than conservative. Both Mr. Todd and Ms. Mitchell host programs on MSNBC.

The position of NBC's Entertainment division has been that the project is being produced entirely separately from the news division, and that there is a firewall between the divisions, with the news organization in no way responsible for the content.

Whether an association with a Fox company reduces the heat on the Clinton project seems unlikely, however, especially because in this case the criticism has also come from NBC News itself. One longtime senior news executive, who asked not to be identified criticizing the network, called the movie “wildly inappropriate for NBC to be doing.”

That reaction is largely based on the presumption that Mrs. Clinton will be a candidate in 2016. It is not based on the script for the film, which has not been written.

The back story of the project underscores the automatic interest that surrounds Mrs. Clinton, as well as the complicated corporate arrangements that often accompany Hollywood projects.

In this case, the project began as an idea hatched by Sherryl Clark, an independent producer. She took the idea of a Clinton movie to a company named Endgame, which finances and produces television programs and movies. The chairman of Endgame, James D. Stern, agreed to pick up the project with both he and Ms. Clark attached as executive producers.

They sought out a writer/director for the project as well as a star. In both cases they attracted Oscar nominees. Courtney Hunt, who wrote and directed the well-regarded independent film “Frozen River,” signed on to the project. Also, Diane Lane, who was nominated for an Academy Award for “Unfaithful,” agreed to play Mrs. Clinton.

A spokeswoman for Endgame, Gina Lang, said the project was then pitched around Hollywood to several broadcast and cable networks. Another executive involved in the project said several networks expressed interest. But NBC offered the best deal.

The chairman of NBC Entertainment, Robert Greenblatt, announced the acquisition of the project on July 27, one day after the deal with Endgame was concluded. Mr. Greenblatt said at the time that NBC would ensure the movie was on the air before Mrs. Clinton formally declared for the presidency to avoid any demands from other candidates for equal time.

A version of this article appeared in print on August 10, 2013, on page B1 of the New York edition with the headline: Fox May Produce Clinton Biopic Reviled by G.O.P..

Bezos, Amazon\'s Founder, to Buy The Washington Post

Bezos, Amazon's Founder, to Buy The Washington Post

Andrew Gombert/European Pressphoto Agency

Jeffrey P. Bezos, left, the founder of Amazon.com, and Donald Graham, chairman and chief executive of The Washington Post Company, at the Allen & Company media and technology conference in Sun Valley, Idaho, last month.

The Washington Post, the newspaper whose reporting helped topple a president and inspired a generation of journalists, is being sold for $250 million to the founder of Amazon.com, Jeffrey P. Bezos, in a deal that has shocked the industry.

Timeline Who Just Bought The Washington Post? Close Video See More Videos '

The entrance of The Washington Post building on Monday.

Donald E. Graham, chairman and chief executive of The Washington Post Company, and the third generation of the Graham family to lead the paper, told the staff about the sale late Monday afternoon. They had gathered together in the newspaper's auditorium at the behest of the publisher, Katharine Weymouth, his niece.

“I, along with Katharine Weymouth and our board of directors, decided to sell only after years of familiar newspaper-industry challenges made us wonder if there might be another owner who would be better for the Post (after a transaction that would be in the best interest of our shareholders),” Mr. Graham said in a written statement.

In the auditorium, he closed his remarks by saying that nobody in the room should be sad - except, he said, “for me.”

The announcement was greeted by what many staff members described as “shock,” a reaction shared in newsrooms across the country as one of the crown jewels of newspapers was surrendered by one of the industry's royal families.

In Mr. Bezos, The Post will have a very different owner, a technologist whose fortunes have risen in the last dozen years even as those of The Post and most newspapers have struggled. Through Amazon, the retailing giant, he has helped revolutionize the way people around the world consume - first books, then expanding to all kinds of goods and more recently in online storage, electronic books and online video, including a recent spate of original programming.

In the meeting, Mr. Graham stressed that Mr. Bezos would purchase The Post in a personal capacity and not on behalf of Amazon the company. The $250 million deal includes all of the publishing businesses owned by The Washington Post Company, including the Express newspaper, The Gazette Newspapers, Southern Maryland Newspapers, Fairfax County Times, El Tiempo Latino and Greater Washington Publishing.

The Washington Post company plans to hold on to Slate magazine, The Root.com and Foreign Policy. According to the release, Mr. Bezos has asked Ms. Weymouth to remain at The Post along with Stephen P. Hills, president and general manager; Martin Baron, executive editor; and Fred Hiatt, editor of the editorial page.

Mr. Bezos, who did not attend the meeting at The Post on Monday, said in a statement that he had known Mr. Graham for the past decade and said about Mr. Graham that “I do not know a finer man.” Ms. Weymouth said that in negotiating this deal, Mr. Bezos made it clear he was not purely focused on profits.

The sale, at a price that would have been unthinkably low even a few years ago, represents the end of eight decades of ownership by the Graham family of The Post since Eugene Meyer bought The Post at auction on June 1, 1933. His son-in-law Phillip L. Graham served as president of the paper from 1947 until his death in 1963. Then Graham's widow, Katharine Graham, oversaw the paper through the publication of the Pentagon Papers alongside The New York Times and its coverage of Watergate, the political scandal that led to the resignation of Richard Nixon and also a starring role for the newspaper in the film, “All The President's Men.”

The Post's daily circulation peaked in 1993 at 832,332, according to the Alliance for Audited Media. But like most newspapers, it has suffered greatly from circulation and advertising declines. By March, the newspaper's daily circulation had dropped to 474,767.

The company became pressed enough for cash that Ms. Weymouth announced in February that it was looking to sell its flagship headquarters. According to a regulatory filing associated with the sale, Mr. Bezos will pay rent to The Post Company on the space for up to three years.

Michael D. Shear, Sheryl Gay Stolberg and Sarah Wheaton contributed reporting.

This article has been revised to reflect the following correction:

Correction: August 5, 2013

An earlier version of this article misstated the middle initial of the founder of Amazon.com. He is Jeffrey P. Bezos, not Jeffrey K.

This article has been revised to reflect the following correction:

Correction: August 8, 2013

An article on Tuesday about the sale of The Washington Post to Jeffrey P. Bezos, founder of Amazon.com, referred incorrectly at one point to The Post's peak daily circulation of 832,332, in 1993. As the article correctly noted elsewhere, that number was its daily circulation, including subscriptions and newsstand sales; it was not its number of “average daily subscribers.”

This article has been revised to reflect the following correction:

Correction: August 9, 2013

An earlier version of this article misspelled the given name of the father of Donald E. Graha m, chairman and chief executive of The Washington Post Company.  He was Philip L. Graham, not Phillip.

A version of this article appeared in print on August 6, 2013, on page A1 of the New York edition with the headline: Amazon's Founder to Buy The Washington Post.