Morning Media Newsfeed: Nook Sales Tumble | Sesame Workshop Cuts | CNN Radio Shutters

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Nook Sales Down 16.8 Percent in Fiscal 2013 (AppNewser)
Barnes & Noble’s Nook business, which is made up of devices, digital content sales and accessories, had revenues of $108 million in Q4 2013 and $776 million for the full year, which was down 36 percent for the quarter and 16.8 percent for the full year, the company reported Tuesday. The bookseller pointed out that digital content sales were up 16.2 percent for the year. The company attributed the losses during the quarter to poor device sales and the drop off in popularity in trilogies such as The Hunger Games and Fifty Shades of Grey. paidContent Investors were expecting a bad earnings report from Barnes & Noble on Tuesday morning, and they definitely got it: Barnes & Noble’s Nook business lost a lot of money, dragging down the entire company’s results. In response, Barnes & Noble said it will stop manufacturing Nook tablets in-house, though it will keep developing its e-ink readers. GalleyCat Barnes & Noble revealed that consolidated revenues for the fourth quarter decreased 7.4 percent to $1.3 billion as compared to the same period last year.

Sesame Workshop Cuts Workforce by 10 Percent (Deadline Hollywood)
Once again Sesame Workshop is handing out pink slips. Around 30 employees at the producers of Sesame Street were let go Tuesday. This comes just more than a year after a dozen employees were shown the door at the non-profit last May. Among those who have been let go are former Newsweek Inc CEO and Nickelodeon executive Tom Ascheim, who joined the company in March 2012 as EVP of the Sesame Learning program. NY Daily News Sesame Workshop said the cuts won’t be apparent to Sesame Street viewers. Big Bird, the Count and Oscar the Grouch are likely to retain their jobs. TheWrap This isn’t the first time that the home of Big Bird, Elmo and other Muppet-Americans has suffered job losses; in 2009, the company cut 20 percent of its workforce, slashing 67 of 355 posts at the Workshop.

CNN Shutting Down CNN Radio Unit (TVNewser)
CNN has shut down its CNN Radio unit. Tuesday was the last day of broadcasts for the department, which focused primarily on long-form audio news stories. Staff for the unit were told about the change Tuesday, and their last day will be Friday. TVNewser hears that approximately 17 staffers are affected, though some may end up getting jobs elsewhere in the company.

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Dow Jones Will Cut Some Jobs as Company Unifies Newsrooms (Ad Age / Media News)
News Corp.’s Dow Jones & Co. is eliminating some jobs and extending buyout packages to employees as it unifies the newsrooms of The Wall Street Journal and Dow Jones Newswires. “In the process of integrating our resources, we will be undertaking a limited restructuring around the world that will result in some consolidation of positions,” Gerard Baker, editor-in-chief of Dow Jones, said in a memo to employees. “And as the end of the fiscal year approaches, as is usual practice, some of our colleagues are taking buyout packages.”

CBS Brass Sends Scott Pelley to DC to Apologize to Bureau Staff (NY Post / Page Six)
Scott Pelley was dispatched to CBS News’ Washington, D.C. bureau last week by CBS brass to apologize for rubbing staffers there the wrong way, sources said. One insider told us dissension over pugnacious Pelley’s brusque treatment of them “had been building up for a long time. Scott was ordered to go to the DC bureau on Thursday to offer an apology.” FishbowlNY The alleged gist of Tuesday’s Page Six item is that CBS ordered Pelley to travel to D.C. last week to smooth over some ruffled staffer feathers. But what caught our attention is the back-and-forth between the Post, Pelley and the newsman’s PR flacks, sparked by a previous Page Six item about Pelley’s supposed anger over a John Miller scoop going to CBS This Morning.

ASNE Census Finds 2,600 Newsroom Jobs Were Lost in 2012 (Poynter / Biz Blog)
The American Society of News Editors released its annual newsroom census Tuesday and found an unexpected acceleration of job losses. Roughly 2,600 full-time professional editorial jobs at newspapers disappeared in 2012, a 6.4 percent decline compared to 2011′s total, leaving industry news employment at 38,000.

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Andrew Ross Sorkin Apologizes for Saying He’d ‘Almost Arrest Glenn Greenwald’ (
“I’d almost arrest Glenn Greenwald,” New York Times reporter Andrew Ross Sorkin said on CNBC Monday morning. Sorkin now says “I put my foot in my mouth” when making that remark, “and I’m sorry I said it.” Politico / Dylan Byers on Media On Tuesday’s show, Sorkin stated that he believed “in the First Amendment, in transparency, and of course in investigative journalism, like the reports about the NSA programs” and said there are “fair questions to be asked about our government and our privacy.” But, he added, “I also think there are fair questions to be asked about Snowden himself and the role of the media.” NYT Politicians would like to conflate the actions of reporters and their sources, but the law draws a very clear and bright line between the two in an effort to protect speech and enable transparency. Greenwald may have a point of view and his approach to journalism is through the prism of activism, but he functioned as a journalist and deserves the protections that go with the job. TVNewser On Twitter, Greenwald accepted Sorkin’s apology.

Survey: People Aren’t News Reading; They’re ‘News Snacking’ (10,000 Words)
Mobiles Republic, a global news syndication company, recently released the results from its 2013 survey of news reading habits. The study, based off the responses of more than 8,000 of its News Republic app users, indicates that news consumption is rising: as the number of news outlets grows, so do readers’ appetites for accurate, multi-sourced and fresh news.

Minority Employment in Newsrooms Held Steady in 2012 (Poynter / MediaWire)
Minority employees make up 12.37 percent of all newsroom employees in this year’s American Society of News Editors newsroom census, up ever so slightly from last year’s 12.32 percent. ASNE counted 4,700 minorities overall, compared with 5,000 last year.

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Huffington Post Covers A Conspiracy Theory (Politico / Dylan Byers on Media)
The sudden, tragic death of journalist Michael Hastings in a car crash last week unleashed a smattering of conspiracy theories on social media, but the Huffington Post took things to a new and somewhat unsavory level when it published an entire article suggesting, based on no real evidence, that Hastings’ car might have been cyber-hacked, forcing it to crash.

Marissa Mayer Hit On by Investor at First Yahoo! Shareholder Meeting (Mashable)
Marissa Mayer attempted Tuesday to walk investors through Yahoo!’s new products and overall business strategy in her first shareholder meeting as CEO of the company, but one investor appeared less interested in what she said than how she looked. “I have 2,000 shares. I’m Greek and I’m a dirty old man, and you look attractive,” the investor said to Mayer during a Q&A session at the shareholders meeting.

CNN Mocked for Lack of Texas Filibuster Coverage (THR)
Twitter lit up after CNN aired a segment about blueberry muffins during Texas State Senator Wendy Davis’ day-long battle against anti-abortion legislation, while Fox News and MSNBC were also criticized online.

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BBC Global News Audience Grows to Record 256 Million (The Guardian)
The BBC’s global news audience grew to a record quarter of a billion people last year, according to the corporation’s estimates. The number of people tuning into the BBC’s international news coverage grew 7 percent in the past year to a record 256 million people a week — driven in part by the aftermath of the Arab spring.

Fox Searchlight Fights Back Against Black Swan Intern Lawsuit (TheWrap)
Fox Searchlight filed a motion on Tuesday in U.S. District Court in New York for partial reconsideration of the court’s June 11 order in favor of former unpaid interns claiming they should have been compensated under the Fair Labor Standards Act for their labor on Black Swan.

Mashable Taps New York Times VP as Its First Chief Revenue Officer (Ad Age / Digital)
Mashable, the news site about all things digital and social, has named New York Times veteran Seth Rogin to oversee ad sales, branded content and events as the company’s first chief revenue officer. FishbowlNY Rogin’s appointment is effective immediately.

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Publish date: June 26, 2013 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT