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******* THE search for a new editor-in- chief of Life & Style is over. Insiders say that Bauer Publications is expected to announce, possibly as early as today, that Dan Wakeford will assume the editor-in-chief role. He is currently an executive editor at Life & Style's larger sister title In Touch, and will be the magazine's sixth editor-in-chief in its short, three-year history. As reported by Media Ink, Life & Style's current editor-in-chief, Donna Armstrong, who arrived only in June, is expecting a child and insiders said she wants to return to her native Australia to have the baby.Wakeford is a veteran of London's Fleet Street who worked as a news editor at the Sun, a London daily, before landing at In Touch. "If anyone can turn it around, he can," said one insider. Earlier, Wakeford worked on Life & Style when In Touch Editor-in- Chief Richard Spencer was doing double duty supervising both magazines. Bauer officials could not be reached for comment at presstime. MORE ONLINE
2. WWD
In August, American Media Inc. unveiled a plan to potentially refinance its notes, since the company had $400 million worth of bonds that were set to mature May 1, and the clock was ticking on a decision. AMI came up with a plan for bondholders that included a combination of $250 million of senior notes due in 2013, $15.9 million of special senior subordinated discount notes due in 2013 and up to $340 million of mandatory, convertible senior subordinated discount notes, also set to mature in 2013. The publisher set a deadline of Sept. 25 for existing bondholders to accept the deal. But shortly after the plan was revealed, the financial markets melted down. AMI extended the deadline until Sept. 30, but that still wasn’t met, and it now has set another one: Oct. 28. The company also said it has started an ad hoc committee of bondholders regarding the possible amendment of the tender offers and consent solicitations. “This kind of thing happens a lot, especially in riskier situations,” said one analyst. “There must be some kind of stalemate going on.” Not to mention an arid credit market.
3. Des Moines Register
Meredith Corp. magazines will stretch into at least seven new countries in the coming months as part of a campaign focused on enlarging the company's brands to take advantage of rising incomes overseas. Five new licensing deals will bring Meredith's total to 25 such agreements covering magazine readers in 40 countries. The new deals will allow foreign-based publishers to create and distribute versions of Diabetic Living magazine in Italy and Mexico, and launch new versions of Parents magazine in Turkey, Saudi Arabia, Egypt and the United Arab Emirates. An agreement will also allow content from Parents to be syndicated throughout Brazil. John Zieser, Meredith's general counsel and chief development officer, said the Des Moines-based publisher has actively pursued global expansion since 2004, when the company's sole foreign franchise was an Australian version of Better Homes and Gardens. Meredith's family of women-oriented publications are a natural for overseas licensing, company officials contend, because many of the titles deal with health, family and home-related themes. The list of licensing agreements now includes five parenting-related publications and three versions of Better Homes and Gardens, plus six diabetes- or health-related publications. MORE ONLINE
4. The New York Times
A FINANCIAL crisis, two wars, a presidential election. ... When there is so much for readers to think about, how do magazines aimed at thoughtful readers attract their attention? One such magazine, The Economist, is spoofing the game Twister, distributing pizza boxes that improbably bear its name and sponsoring a performance of political satire by the Second City theatrical troupe. Another such magazine, The Atlantic, plans to advertise on the muffin displays in bodegas, restaurant menu boards and the shampoo shelves of drugstores. The Atlantic is also producing video clips that show what happens when passers-by on city streets are invited to answer questions like “Is Google making us stupid?” and “Why do presidents lie?” — questions that, to make them stand out, have also been reproduced as neon signs. In seeking readers and advertisers, publications like The Atlantic and The Economist, known as thought-leader magazines, have long tried to make up in cleverness what they lack in wallet power. Their ranks also include magazines like Harper’s, Mother Jones, The Nation, The New Republic and The New Yorker. MORE ONLINE
5. Fishbowl NY
On Tuesday, the Understanding Government Foundation awarded Mike Grunwald of Time its Prize for Preventative Journalism for his 2007 article “Why New Orleans Still Isn’t. Safe.” Grunwald said he’ll donate the prize money to a charitable cause for victims of Katrina. Managing editor Richard Stengel sent the following note announcing the win: Last night, Mike Grunwald and Time won the Prize for Preventive Journalism, a $50,000 award given by the Understanding Government foundation. The award for Mike's outstanding cover story, "Why New Orleans Still Isn't Safe," ran on the anniversary of Katrina last year. This new award was created to recognize the best article of the year revealing how government deals with a significant public problem. Mike’s investigation into the failure of the Army Corps of Engineers to adequately protect New Orleans was selected from among 10 distinguished stories by a stellar panel made up of Charlie Peters (the president and founder of Understanding Government), Bill Kovach and Katherine Boo. His story is a clear example of the best of what we do: a deeply reported and powerfully written piece of journalism with a strong point of view. MORE ONLINE
************ JOBS ... that Ed hopes to have lots of jobs for next week — so send some Whispers his way! For even more jobs, go to http://www.ed2010.com/jobs/whisperjobs or INTERNSHIPS ... that Marie Claire is looking for an editorial intern to work with our features staff a minimum of two days a week). This is a chance to work closely with our editors to do research, transcribe interviews, conduct short interviews for stories, find stats, and, on a whole, assist in the making of the culture, news, and features sections. We’re looking for someone dependable, who can hold their own in a fast-paced atmosphere and can multi-task and prioritize like a pro. Magazine internship and/or college newspaper experience preferred. Unpaid. Must receive college credit! Please submit cover letter in the body of your email, and clips and resume as attachments, and label the subject line "MC Features Intern." Send to Eileen Conlan, econlan@hearst.com. MUST be able to receive college credit for this internship. (OK to mention Ed) For even more internships, go to http://www.ed2010.com/ed-campus/internships/list or
********* Whisper jobs or internships to share? Send 'em to whispers@ed2010.com. Ed'll keep it anonymous for you. Blogalicious! Catch up with Ed's Guy on the Hunt and Ed’s Determined Freelancer at ed2010guy.blogspot.com and www.ed2010.com/boards/section/ed-campus How to unsubscribe from this newsletter: How to subscribe: |
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