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Tag: Anchor

  • Bad News For Spotify As Citi Says Podcast Bet Not Paying Off

    Bad News For Spotify As Citi Says Podcast Bet Not Paying Off

    Citi analysts don’t believe Spotify’s big podcasting bet is paying off, according to a note they sent to investors.

    Spotify has invested heavily in the podcast market, acquiring companies Anchor, Gimlet Media and Parcast. The company has also inked high profile, exclusive deals, such as for The Joe Rogan Experience. Spotify obviously is concerned with diversifying its business from its core streaming music service, especially given the pressure it is facing from Apple, Pandora and others.

    The only problem? Citi analysts don’t believe Spotify’s efforts are paying off, according to CNBC.

    “The cadence of Premium gross additions (through 3Q20) and app download data (through 4Q20) do not show any material benefit from recent podcast investments (that began in 2019),” the analysts wrote.

    Citi has downgraded Spotify from neutral to sell, leading to a drop of 6.5% of the company’s stock.

  • Terry Keenan, Former Fox Anchor, Dead At Age 53

    Terry Keenan, a former Fox News and CNN news anchor, has died at the age of 53.

    Keenan, who was currently serving as a columnist for the New York Post, died suddenly on Thursday, October 23 from a massive cerebral hemorrhage, according to The Hollywood Reporter.

    Keenan’s career in television news started in 1986 when she landed a job with CNN as a producer for Moneyline, and then later as a news correspondent for CNN Business News.

    From 1995-1998, Keenan served as a news anchor for CNBC. From there, Keenan went on to work for Fox News Channel and Fox Business Network, hosting the Saturday investing program Cashin’ In. According to TV Newser, Keenan left Fox on her own terms in 2009.

    Keenan is survived by her husband Ron Kass, her son Benjamin Kass, and two sisters Joellen Gardner and Linda Keenan. She is also survived by several nieces and nephews.

    Keenan’s last article was posted online on Sunday, October 19 and was titled Stepping on the Gas Stimulus.

    In lieu of flowers please donate to Loyola School 980 Park Avenue, NY, NY 10028. Funeral services will be held on Friday, October 31st at 11 a.m. at the Church of St. Ignatius Loyola on Park Avenue at 84th Street.

  • Good Morning America Anchor Signs New Contract

    Good Morning America news anchor George Stephanopoulos has signed a new long-term deal with the network.

    While the terms of his new contract, including length and pay, have not been revealed, GMA spokeswoman Heather Riley says that ABC expects him to remain with the network for many years to come.

    “We expect him to remain with us for many, many years,” Riley said. “This represents what he wanted — he is committed to GMA and This Week, and understands the power of those platforms. We are thrilled that the team is locked in and that the deal was done so quickly and with such goodwill from all sides.”

    Stephanopoulos also serves as the host of the Sunday morning talk show This Week. Under his new deal, he will remain the host of this show as well.

    “George is vital to the success of the news division and will continue to be a leader here at ABC News. We are united as a team and over the past few months we have not missed a beat — in fact our audience has only grown,” she continued.

    The news of Stephanopoulos’ renewal comes not long after the network said goodbye to weatherman Sam Champion and co-host Josh Elliott.

    A big congratulations to @GStephanopoulos – here's to many manyyears working with the best @GMA #team

    — Amy Robach(@arobach) April 24, 2014

    TV news industry insiders speculate that Stephanopoulos’ contract is for five years, and a salary somewhere in the $9 million range. His current contract was up in six months and he was currently receiving a salary of approximately $6 million.

    Image via Wikimedia Commons

  • Yahoo Acquires Another Pair Of Companies

    Yahoo Acquires Another Pair Of Companies

    The Yahoo acquisition train just keeps a rollin’. There’s one more day of January left. Let’s see if they can squeeze in one or two more.

    News has come out that the company has now acquired Tomfoolery and Incredible Labs. The former is the company behind the Anchor app, which will be shut down. The latter is is the company behind personal assistant app Donna, which will also be shut down.

    The Tomfoolery team writes in a message on its site:

    Friends – together we have traveled far and wide, you and the small and humble folk at Tomfoolery, Inc., and now it’s time for us to move to the next phase of our journey. Today, we are announcing that we’ve reached an agreement to join Yahoo to help build the next generation of communications and community products. If you’re familiar with our backgrounds, you’ll see that we have long loved Yahoo and the products it has created. We are so incredibly proud and excited to be joining this company (and for some of us, it’s a bit of a homecoming).

    We will be taking our passion for beautiful, human communication products and using it to build the next generation of social Yahoo products. As of today, we have disabled new user sign ups for Anchor. At deal close, we will discontinue Anchor (and for those of you who were able to try it out, Action). The deal, which is subject to customary closing conditions, is expected to close in the next few days. We will provide more information on specific shutdown procedures in our final newsletter, when the transaction is complete.

    Similarly, the Incredible Labs pick-up is a talent acquisition, according to TechCrunch, with five or seven team members joining Yahoo, and the Donna app being shut down. TC shares a statement from Yahoo on the deal:

    We have reached an agreement to acquire Incredible Labs, the team behind personal assistant app, Donna. In case you haven’t heard of her, Donna’s pretty amazing – she has an immense amount of intellect, she keeps you on time and gives you the information you need, when you need it. For her clients, she’s the ultimate daily habit. When we met with the team from Incredible Labs, it was an immediate fit. As we look to the future, our visions are aligned in that we think technology should be smart enough to think for us. Five team members will join the Communications team in Sunnyvale at deal close, where they will work on Yahoo Mail. The transaction, which is subject to customary closing conditions, is expected to close in the next few days.

    Other companies Yahoo has acquired or is acquiring based on reports from this month include Aviate and Sparq, bringing the total (so far) to four for January.

    Last year saw nearly 25 acquisitions by the company. Earlier this week, Yahoo reported its earnings for the year, which weren’t incredibly spectacular, though its traffic has increased.

    Image via Wikimedia Commons