Morning Media Newsfeed: Big Changes at TNR | CBS, Dish Deadline Passes Without Blackout

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Big Changes at The New Republic (FishbowlNY)
In this, the New Republic’s 100th year, a new direction. FishbowlDC Franklin Foer, editor of TNR, sent out a staff email Thursday announcing his resignation from the magazine. Capital New York Literary editor Leon Wieseltier is also out. Gabriel Snyder, a former editor of The Atlantic Wire and most recently a digital adviser at Bloomberg, has been tapped to succeed Foer, TNR chief executive Guy Vidra wrote in an email to staff. Furthermore, the magazine will be reducing its frequency from 20 to 10 issues a year, moving from Washington D.C. to an office in New York City’s Union Square and “making some changes to staff structure,” Vidra added. HuffPost Speculation had run rampant that Foer might leave the magazine, which he returned to edit in 2012 following its sale to Facebook co-founder Chris Hughes. Some staffers fear that Hughes and chief executive Vidra are too focused on increasing Web traffic, and that such a strategy could pull the magazine away from its legacy of narrative journalism and criticism. In his memo to staff Thursday, Foer acknowledged the competing plans for the magazine’s future. “Chris and Guy have significant plans for this place,” he wrote. “And their plans and my own vision for TNR meaningfully diverge.” Politico / Dylan Byers on Media Hughes bought TNR in 2012 at the age of 28 with ambitions of restoring its esteemed place in Washington media. Instead, TNR failed to hire marquee names, struggled to attract advertisers and failed to gain a prominent place in the conversation.

CBS, Dish Network Deadline Passes Without Blackout, for Now (TVNewser)
A threatened 7 p.m. ET deadline passed Thursday night without CBS going dark for Dish Network subscribers, with the network releasing a statement that negotiations “progress into the night.” THR Dish and CBS have been engaged in contentious, sometimes public, negotiations, and CBS has now extended a deadline three times, allowing Dish rights to content from CBS-owned TV stations, the CBS Sports Network and Showtime, all of which might have been lost without Thursday’s last-minute extension. Variety CBS set two short-term extensions last month to prevent a blackout, but on Tuesday the Eye made it clear the stations would go dark if a deal was not reached. Deadline Dish customers still could lose access to CBS-owned outlets in 14 cities: Los Angeles, New York, Chicago, San Francisco, Baltimore, Boston, Dallas, Denver, Detroit, Miami, Minneapolis, Philadelphia, Pittsburgh and Sacramento. Also at risk are seven CW stations in Atlanta, Detroit, Philadelphia, Pittsburgh, Sacramento, San Francisco and Seattle; three independents in Dallas, Los Angeles and New York; and two MyNetworkTV affiliates in Boston and Miami.

Nook Takes A Hit: Microsoft Pulls Out of Partnership, Division Sees 41.3 Percent Drop in Revenues (GalleyCat)
Barnes & Noble released its earnings report for its fiscal 2015 second quarter Thursday, and things don’t sound great for the company’s Nook business. The Nook division reported $64 million in revenue for the quarter, which marks a 41.3 percent decrease from the comparable quarter last year. This includes sales of digital content, devices and accessories. GigaOM Retail sales, including bookstores and BN.com, were $888 million, down 3.6 percent compared to last year — a decrease “primarily attributable to lower sales of Nook products, leading to a comparable store sales decline of 1.5 percent for the quarter, as well as store closures.” NYT When Microsoft invested $300 million in Barnes & Noble’s Nook division in 2012, it appeared that the last big brick-and-mortar bookstore chain had found its savior. The deal valued the Nook business at $1.7 billion — more than the market capitalization of Barnes & Noble at the time. The bookseller’s stock jumped on the news. Microsoft was to invest millions more in the Nook business. And Barnes & Noble would create e-reading content for Microsoft products. Mashable Barnes & Noble has agreed to buy back Microsoft’s stake in its Nook division. The move, announced in an SEC filing on Thursday, was framed as paving the way for a standalone Nook business. “Such termination will allow the company to continue its rationalization of the Nook Digital business and enhances Barnes & Noble’s operational and strategic flexibility,” Barnes & Noble said in a statement.