Morning Media Newsfeed: Bloomberg Cancels Hunt | CNN Politics Makes Cuts

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Bloomberg Media Makes Cuts in Three Cities, Cancels Political Capital (TVNewser)
Bloomberg Media made cuts in Washington, D.C., Los Angeles and New York City Thursday. FishbowlDC Bloomberg announced several layoffs in its D.C. bureau, relocating a few TV production positions to New York, where its daily politics show with Mark Halperin and John Heilemann — slated to launch in October — will be produced. Amid news of the layoffs, Bloomberg spokeswoman Amanda Cowie shared the following statement: ”Our TV operation — in the U.S. and around the world — is growing in size. We are changing how, and where, the TV operation is run.” NYT Some political and finance reporters were dismissed and the company will move some European television production jobs to London. It will also close its small television bureau in Los Angeles and focus its resources on San Francisco. Politico / Dylan Byers on Media Bloomberg Media has decided to cancel its weekly political talk show, Political Capital With Al Hunt. Hunt will continue to write his weekly column for Bloomberg View, the site’s opinion vertical. Several print staff will also be laid off. Staffers will have the option to apply for other jobs at the company. TheWrap “We will continue to expand our Washington coverage. We’re launching a new politics platform — including for the first time a daily political show — expanding initiatives like First Word DC, investing in financial crimes reporting and the changes are a part of the overall new structure being put into place,” Cowie said.

CNN Politics Eliminates More Than A Dozen Positions (Capital New York)
More than a dozen employees in CNN’s Digital Politics division learned this week that their positions will be eliminated at the end of the month. TVNewser Anyone can re-apply for what CNN says is an even greater number of new jobs that will be created. FishbowlDC Fifteen politically-focused digital positions in Washington have also been posted on CNN’s careers page. “The reorganization of CNN Politics is a recognition of the shifting landscape of media, and positions CNN to disrupt rather than be disrupted,” said CNN spokesman Matt Dornic. The network emphasized that the reorg was not about cost-cutting or downsizing, but rather, about evolving, in its effort to create “a brand new re-imagined digital politics product.” Politico / Dylan Byers on Media Last month, CNN hired Ed O’Keefe, editor-in-chief of NowThis News, to serve as vice president of CNNMoney and Politics. O’Keefe plans to double CNN’s digital politics team, from 20 to 40, in preparation for the 2016 news cycle. O’Keefe is also planning to reshift focus to mobile, social and video. Last week, CNN named Politico managing editor Rachel Smolkin its new digital executive editor of CNN politics.

News Corp Ad Revenue Slips (WSJ)
News Corp reported slightly lower-than-expected earnings for its fiscal fourth quarter, as weaker profit in the news and information segment offset sharply higher earnings from book publishing and the company’s Australian digital real estate unit. THR A year after Rupert Murdoch spun off his newspaper division from TV operations, News Corp reported fiscal 2014 revenues of $8.57 billion compared to $8.89 billion last year; and earnings per share of 46 cents, down from 62 cents last year. News Corp attributed the 4 percent decrease to lower advertising revenue, foreign currency fluctuations and the sale of some Dow Jones assets. Poynter / MediaWire Revenue at News Corp’s news and information division fell 6 percent in the last quarter of the corporation’s fiscal year, and 9 percent in the full year, when compared with the respective same periods the year before. Capital New York “We remain firm believers in the power of print,” chief executive Robert Thomson told investors on a Thursday evening conference call. By doubling down on enthusiasm for print, such as newspapers like The Wall Street Journal, the New York Post and the Times of London, among other News Corp tabloids and broadsheets in the U.K. and Australia, Thomson underscored a belief that the company’s legacy assets will survive headwinds that have sent many publishers’ revenues on a downward spiral.