May 29, 2013 |
Roku Inc., which makes devices to stream online content on television sets, said Wednesday it has received $60 million from investors including New York publishing giant Hearst Corp. The Saratoga, Calif., company said the Series F round was led by a "leading institutional investor," which the company did not name. The round included participation by BSkyB and News Corp., in addition to Hearst. The Apple TV competitor said the new funding will help it build its streaming software and services businesses.
March 27, 2013 |
One of the longest-serving chief executives in the media industry is stepping down. Frank A. Bennack Jr., chief executive of Hearst Corp. since 1979, will give up that title in June. Steven Swartz, currently president and chief operating officer, will become CEO. Bennack will remain vice chairman of the Hearst Board. Although best known for its magazine unit, which includes Cosmopolitan and Esquire, Hearst also has a major presence in the TV industry. It owns stakes in several powerful cable networks including ESPN, A&E, History and Lifetime.
March 14, 2013 |
Scott Sassa has resigned as president of entertainment and syndication of Hearst Corp. Sassa's resignation was confirmed Thursday after the New York Post published a story saying Sassa had been cavorting with strippers and one -- in partnership with her boyfriend -- had tried to blackmail him and sent texts he'd written to senior officials at the magazine and television company. A Hearst spokesman declined to comment beyond confirming Sassa's resignation. Sassa did not immediately respond to request for comment.
December 6, 2012 |
Consulting firm Beck Media & Marketing is acquiring Insignia Public Relations, which is run by veteran Hollywood media strategist Eddie Michaels. While Beck Media & Marketing focuses primarily on the digital space, Michaels is something of an old school public relations man who wotks with both actors and producers including Illumination Entertainment, the family animation company behind "Despicable Me. " Michaels is also something of a crisis specialist and last week was retained by "Two and a Half Men" co-star Angus T. Jones after a video of the actor blasting the show became public.
December 6, 2012 |
Hearst Corp. continued its push to become a force in unscripted programming. The media conglomerate struck an agreement to acquire a 50% stake in NorthSouth Productions, whose television credits include "Say Yes to the Dress. " Terms of the deal were not disclosed. "This partnership gives us a significantly stronger presence in cable network production, which is experiencing a steady growth in overall demand,” said Hearst Chairman Frank Bennack. Although Hearst is still best known as a newspaper and magazine publisher, it has ownership stakes in cable networks A&E, History, Lifetime and ESPN.
CALIFORNIA | LOCAL
November 21, 2012 |
Phoebe Hearst Cooke, who was a granddaughter of publishing tycoon William Randolph Hearst and used one of the nation's biggest fortunes to support a variety of philanthropic causes, has died. She was 85. Cooke, who had pneumonia, died Sunday in a Templeton, Calif., hospital, according to a statement from the Hearst Corp., the media company she served as a director for 36 years. Her twin brother, George Randolph Hearst Jr., who was a former publisher of the Los Angeles Herald Examiner, died in June after a stroke.