Three Things to Know about the Changing Media Landscape

One thing is for sure, with declining advertising dollars and the growing, incredibly competitive online publishing world, the media landscape changes weekly, if not daily. Recently there have been several changes from acquisitions to sites shuttered, and grand departures. Here’s Three Things to Know about the changing media landscape.

  1. Hearst to Buy Rodale. Publishing giant Hearst, which produces magazines such as Cosmopolitan, Marie Claire, Esquire and Elle, has agreed to acquire Rodale, which publishes Men’s Health, Women’s Heath and Runner’s World, to name a few. According to an article in the New York Times, “Rodale’s sale is the latest indication that the magazine industry’s financial downturn has hit small and midsize publishers particularly hard. Wenner Media, the publisher of Rolling Stone magazine, sold US Weekly and Men’s Journal this year and said last month that is was putting its controlling stake in Rolling Stone up for sale as well.”
  2. Gothamist & DNAinfo Shuttered. New York weblogs Gothamist and DNAinfo recently were shut down. The sites’ New York newsroom recently voted to unionize. According to the New York Times, “the decision puts 115 journalists out of work, both at the New York operations that unionized, and at those in Chicago, Los Angeles, San Francisco and Washington that did not.”
  3. Scuttlebutt Over Party for Exiting EIC of Vanity Fair. The New York Post recently reported that, “Graydon Carter, the outgoing editor-in-chief of Vanity Fair, is hoping to give himself a fabulous going away party – but his Conde Nast bosses, sources said, are balking at spending hundreds of thousands of dollars for such a fete, especially when the company is looking to slash budgets by up to $100 million.” Will there be a party? According to a company spokesperson, a farewell dinner is in the works for early December.