Monday, July 15, 2013
"Grown Ups 2" had a strong weekend. (Sony Pictures)
After the coffee. Before working "Sharknado" into all my stories.
The Skinny: I know a lot of you have always wondered, but no, J.K. Rowling is not the secret author of the Morning Fix. Just wanted to make that clear. Monday's headlines include the weekend box office recap, Lassie attempt a comeback and the Hulu sale canceled. Also, the sad passing of "Glee"star Cory Monteith.
The Tennis Channel has petitioned to reverse a May ruling by three appeals judges regarding a dispute with Comcast Corp. (Tennis Channel)
Daily Dose: The Tennis Channel is continuing its fight against Comcast Corp. Friday it petitioned the full D.C. U.S. Court of Appeals for the District of Columbia to reverse a decision by three of its judges that said Comcast did not have to carry the network in all its homes as it does with sports channels that the cable giant owns. Interestingly, the Federal Communications Commission, whose ruling in the case the three judges overturned, did not join with the Tennis Channel in its latest petition.
The Minions are back in "Despicable Me 2." (Illumination Entertainment / Universal / July 2, 2013)
Sequels duke it out. "Despicable Me 2" held on to the top spot at the box office for the second weekend in a row, taking in almost $45 million. That was enough to squeak out a win over Adam Sandler's "Grown Ups 2," which pulled in a healthy $42.5 million. This week's big-budget disappointment was "Pacific Rim." The monster movie made just over $38 million. Given that it cost a lot more than that to make and market, "Pacific Rim" is expected to join "White House Down," "The Lone Ranger" and "After Earth" on this summer's flop list. Box office recaps from the Los Angeles Times and Variety.
Lassie come home. Hollywood is a town of comebacks and now one of the industry's most famous franchises is getting another shot.DreamWorks Animation is looking to bring back Lassie, the dog that's been a star of both the big and small screens. But can Lassie appeal to a new generation of moviegoers. Disney just learned a hard lesson on that front with "The Lone Ranger." The Los Angeles Times on Lassie.
Acting CEO Andy Forssell speaks at the Hulu upfront presentation in New York. (Brad Barket / Getty Images / April 30, 2013)
Change of heart. After months of reviewing bids, the owners of Hulu decided to take the online video site off the market. On Friday, Hulu's parents -- Walt Disney Co., 21st Century Fox and NBCUniversal -- said they instead would invest $750 million in the site. Meanwhile the suitors -- including DirecTV -- were less than thrilled with the development. This was the second time in less than two years that Hulu pulled a Lucy and yanked the football away from potential buyers. More on Hulu from the Los Angeles Times and Bloomberg.
Houston Rockets owner Les Alexander holds the jersey of Dwight Howard, right, with general manager Daryl Morey, left, and coach Kevin McHale, center, during a welcoming ceremony for the basketball player.
Hits and errors. Some sports channels are finding that just because you have rights to the local team, that doesn't mean every pay-TV distributor is going to open up their bank account. In Houston, Comcast teamed up with the Astros and Rockets on a new network. But most of the other big distributors are balking at the price Comcast wants and betting that subscribers won't jump ship over the channel. While sports is valuable content, its ratings don't always justify the prices networks seek.The Wall Street Journal weighs in on TV sports.
Lefteris Pitarakis/Associated Press
Serious news? TV networks are constantly cutting costs from their overseas coverage but when it comes to a royal baby, the checkbooks come out. With Kate Middleton getting ready to give birth, news outlets are camped out at the hospital waiting for the big story to drop. The New York Times on how the networks are covering the birth.
Cory Monteith, star of 'Glee,' found dead
Inside the Los Angeles Times: The death of "Glee" co-star Cory Monteith stunned fans of the Fox show and will put a cloud over the show's future.
Follow me on Twitter. I know when to tweet and, more importantly, when not to tweet. @JBFlint.
The finding demonstrates that the newspaper industry has begun to adapt its business model to a new era. (Genaro Molina / Los Angeles Times)
By Meg James, Los Angeles Times
CIRCULATION REVENUE FOR DAILY NEWSPAPERS GREW IN 2012 FOR THE FIRST TIME IN A DECADE AS MORE PEOPLE PAID TO SUBSCRIBE TO DIGITAL EDITIONS, A STUDY SAYS.
After years of devastating losses, the newspaper industry has a glimmer of good news.
Circulation revenue for daily newspapers grew in 2012 for the first time in a decade as more people paid to subscribe to digital editions, according to data compiled by the Newspaper Assn. of America.
The finding is noteworthy because it demonstrates that the newspaper industry, which has been hammered in recent years as consumers and advertisers migrated to the Internet, has begun to adapt its business model to a new era.
Newspapers generated $10.4 billion in circulation revenue in 2012, a 5% increase over the previous year. It was the first gain since 2003, as more consumers read newspaper content on desktops, tablets and cellphones.
"America's newspaper media are transforming themselves," said Caroline Little, NAA president. "In virtually every community they serve, newspapers have the biggest newsrooms, the best-known brands and significant audience market share. Now they are building on those to find new ways to serve audiences and local businesses."
Otherwise, the news was not so good. The growth in digital revenue in 2012 did not make up for continued declines in newspapers' traditional — and most important — sources of revenue.
The NAA study found that overall revenue for daily newspapers fell 2% last year to $38.6 billion. That compared with $39.5 billion in 2011.
Advertising dollars continued to shrink, declining 6% last year. Revenue for ads in printed daily and Sunday editions tumbled 9%, with national ads and real estate ads experiencing the sharpest declines. Industrywide, advertisers spent $18.9 billion on print ads in newspapers.
In contrast, ads on digital platforms, including mobile devices and the Internet, rose 5%, to $3.4 billion. Revenue from digital sources made up 11% of total revenue for 2012, up from 10% in 2011.
Revenue for ads on mobile devices — seen by advertisers as the next frontier — doubled in 2012. Nonetheless, revenue from mobile applications represented just 1% of the total.
The industry collected $2.9 billion from niche and direct-marketing publications, and $3 billion from new revenue sources, including event marketing, e-commerce and advising local businesses on how to market their products and services.
The detailed look at the industry's financial foundation showed gradual shifts. For example, print ads made up nearly 50% of the industry's revenue in 2011. Last year, print ads contributed 46% of the total. Circulation revenue made up 27% of the total last year, up from 26% the previous year.
The NAA compiled its data from information supplied by newspaper companies. The 17 companies that participated in the survey represented 40% of daily newspaper circulation in the U.S. and half of the revenue.
First published April 8, 2013
First published April 8, 2013