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The Morning Fix

Rupert faces shareholders. Moonves signs new deal with CBS.

October 16, 2012|By Joe Flint
  • Rupert Murdoch will face shareholders.
Rupert Murdoch will face shareholders. (Getty Images )

After the coffee. Before choosing between the debate and the baseball playoffs.

The Skinny: I have got to stop turning these football games off at halftime. That Broncos comeback would have been fun to watch. Tuesday's headlines include a curtain-raiser on News Corp.'s annual meeting, India-based Reliance Media's thoughts on outsourcing and an update on the Cablevision - Dish Network trial.

Daily Dose: Sports personality Dan Patrick, host of his popular radio and TV morning talk show, is getting a new home. The TV simulcast of Patrick's radio show, currently carried by the Fox Sports cable channels around the country, is relocating. While Patrick wouldn't say where he is going, speculation is on the NBC Sports Network. Patrick already is a big presence on NBC. His show will continue to be available on DirecTV's Audience Network.

So is this insourcing? Venkatesh Roddam has made a career out of outsourcing jobs to India. But now as the new head of Mumbai, India-based Reliance Media Works — which is acquiring a stake in Digital Domain and owns Lowry Digital — he is singing a different tune. "We truly believe that the core of this business is in California and that our presence needs to be expanded here," Roddam told the Los Angeles Times. "It's not a business that can be treated like the IT business. You have to be physically close to where the customers are."

Take your profits and get out! Rupert Murdoch's News Corp. is holding its annual meeting today (Tuesday) in Los Angeles, and the media mogul tweeted a message to any shareholders unhappy with how he is running the company. “Signs pretty peaceful, but any shareholders with complaints should take profits and sell,” he said. A preview of the festivities from the Financial Times and New York Times

Staying put. CBS Chief Executive Leslie Moonves isn't going anywhere anytime soon. Although his current contract still had a few years left on it, he signed a new agreement that will keep him at Black Rock through 2017. More on his deal from Bloomberg and the Los Angeles Times.

Guessing game. USA Today columnist Michael Wolff weighs in with his thoughts on CNN and who Time Warner should tap to succeed outgoing chief Jim Walton. Wolff mentions the usual suspects including former NBC chief Jeff Zucker but ultimately advocates for Time Warner communications chief Gary Ginsberg, who he describes as a "brilliant and powerful corporate smoother and handler." FYI, it was Ginsberg who as head of News Corp. media relations cleared the way for Wolff to have access to Rupert Murdoch for his book "The Man Who Owns the News: Inside the Secret World of Rupert Murdoch."

Turning point? The legal skirmish between satellite broadcaster Dish Network and Cablevision over the former's pulling the plug on a distribution deal to carry the latter's now-defunct programming service called Voom, heated up Monday. Cablevision dug up some emails that hurt Dish's argument for why it backed out of supporting the channels. The fight has is seen as a key reason why Dish stopped carrying AMC, which used to be owned by Cablevision before being spun off into a public company. Coverage from the New York Post.

Is it Globes time already? NBC stars Amy Poehler and Tina Fey have been tapped to host the Golden Globe Awards, which just happen to air on the Peacock Network. Ricky Gervais had hosted the previous three years. Details from Variety.

Growth industry. Larry Flynt, owner of Hustler magazine, which also has a programming arm, has acquired New Frontier Media, an adult entertainment pay-per-view company. The price tag, according to the Wall Street Journal, is $33 million.

Inside the Los Angeles Times: Mary McNamara on Comedy Central's "Key & Peele." My review of Pete Townshend's memoir "Who I Am."

Follow me on Twitter. I'm funnier than "2 Broke Girls." @JBFlint

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