Morning Media Newsfeed: CBSN Launches Glitch-Free | Aereo to Downsize, Cut Staff

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CBS Launches Digital News Network CBSN (LostRemote)
After announcing a subscription-based streaming service, CBS launched an all-digital streaming news network, CBSN, on Thursday. So now you can watch live, anchored news whenever you want, for free. TVNewser It didn’t look like launch day at CBSN, and that’s a big achievement. Freed from the burden of launch day hoopla and high expectations, CBS News turned on its brand new live streaming news channel, and did so without a hitch. Capital New York The company is stressing that the move is not meant as a way into the 24-hour cable-news channel fray. “We are not endeavoring to start a cable news channel online,” CBS News president David Rhodes said. “We are trying to create something that is native for connected devices.” Those devices include laptops and PCs, smartphones and tablets, and, yes, Internet-connected TVs. The target audience: younger viewers, some of whom may not subscribe to a pay-TV service. THR The network — available on CBSNews.com, the CBS News app and connected TV devices such as Apple TV, Amazon Fire TV and Roku — will feature 15 hours of live, anchored coverage from 9 a.m. ET to midnight ET every weekday. The segments will be split into 60-minute blocks of live, updated news. CBS News special reports will be simulcast on CBSN during breaking news and content will also be fed in from CBS affiliate stations, CNET, CBSSports.com and Entertainment Tonight. New York Post The owner of CBS broadcast network, radio stations and Showtime missed the cable boom of the past decades but appears to be diving headfirst into a mobile future. Last month it joined with its affiliate partners to launch CBS All Access, a standalone digital platform for current and archived content.

Aereo to Close Boston Office, Lay Off Staff (TVNewser)
Aereo, the streaming TV service that suffered a massive setback with a Supreme Court ruling earlier this year, will close its office in Boston and lay off 43 employees. BetaBoston While the company claims to continue to push on, with no funding and pretty much no staff, this appears to be the end for Aereo. THR The move will also affect staffers in New York. “In an effort to reduce costs, we made the difficult decision to lay off some of our staff in Boston and New York,” Aereo spokeswoman Virginia Lam said. “We are continuing to conserve resources while we chart our path forward. We are grateful to our employees for their loyalty, hard work and dedication. This was a difficult, but necessary step in order to preserve the company.” Mashable The move, first reported by Beta Boston, comes as Aereo is in a holding pattern, awaiting word on whether it could become a cable company and resume operations. The company has been reeling since a Supreme Court decision found it had violated copyrights by streaming live network television that had been collected by miniature antennae. The layoffs are set for Nov. 12. Variety A small executive team of about a dozen people will remain.

AOL Still Has 2.2 Million Dial-Up Subscribers (FishbowlNY)
AOL has released its third quarter earnings and guess what? There are still people out there — 2.2 million of them — who use the company’s dial-up Internet service. Thanks in part to those who prefer to live like it’s 1996, AOL’s membership division posted $196 million in revenue this quarter. New York Post / Reuters AOL reported better-than-expected quarterly revenue as more advertisers used its real-time bidding platform to place ads on third-party websites. The company’s third-party platform helps to buy and sell online ad spots through bidding via computers. AOL, led by CEO Tim Armstrong, is trying to become a hub of digital media buying, which is quickly becoming automated, similar to how Wall Street investors trade stocks on exchanges. WSJ In the third quarter, global advertising revenue surged 18 percent to $473.4 million. The jump reflected 44 percent growth in third-party revenue, or money from non-AOL sites, driven in part by the inclusion of Adap.tv for a full quarter. Adap.tv is the Web video-ad-technology company that AOL acquired last year. Variety The Internet media company posted total revenue of $626.8 million for the period, up 12 percent from the year-ago quarter and slightly higher than Wall Street expectations. Adjusted earnings per share of 52 cents (down 7 percent) were in line with consensus estimate. Operating income was $48.0 million for Q3 2014, up from $16.7 million a year earlier.