Category Archives: Media

Bell Claims Playboy Bid Imminent … But with What Money?

Maybe it’s the fact that I went to public school … or I’m just plain stupid. I just can’t understand how Marc Bell, CEO of Penthouse Media Group Friend Finder Network, is going to make a bid on ailing quasi-competitor Playboy this afternoon. He just doesn’t have the money.

At the beginning of the year, Bell announced that he was desperately trying to take FFN public – his second attempt at recapitalizing the over-leveraged debacle. In 2008, he tried for the first time, having seen more than $400 million in long-term debt reclassified as short-term debt likely because of a busted loan covenant. The only reason FFN hasn’t collapsed, I suspect, is because the investors just have too much capital committed.

FFN’s problems began back in 2007, when it was still Penthouse, and Marc Bell led the acquisition of Various, Inc. for the princely sum of $401 million. Credit markets were still a bit loose, and PET, the fund that pumped cash into Penthouse when Bell took the company over from Bob Guccione, was able to load up to acquire Various, which was much larger than Penthouse. Various owned, well, various dating sites, including FriendFinder.com and AdultFriendFinder.com.

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The Secret to Successful Travel Blogging

I’m sure most of the other travel bloggers out there would cite some sort of hunger for adventure or yearning for excitement as essential to the trade. You need to be down for anything on a moment’s notice. That’s bullshit. You can actually be a fantastic travel blogger without those qualities (I would say, in many cases, those characteristics are actually impediments to kickass travel blogging). Instead, the key is to be able to see meaning in everything you do and turn it into a story.

When I walk through my apartment, I don’t see stuff – I see experiences. The painting hanging over my couch? That’s from the $1 auction stunt with artist Nelson Diaz. The Casey’s coffee mug? It kicks off memories of a consulting assignment I had outside Toronto back in 2002 and how we used to play “credit card roulette” to see who would pick up the tab at dinner (Casey’s is a restaurant where we used to have lunch). And each of these stories triggers a hundred more … which is probably why nobody visits my apartment.

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Most Idiotic Headline Ever

I don’t know what media moron let this one slip through, but suffice it to say, the story isn’t what the headline would have you believe: “Tired Gay succumbs to Dix in 200 meters.” Good job, Reuters. Really.

Okay, I mentioned in my last post that people in this line of work may dine on paste rather than real food, and this is just the latest example. Did anyone think nobody would notice the off-color hilarity possible? Do the m-f math!!!

This is the sort of thing for which journalism prizes should be awarded.

Media World Dumber in 2010

Seriously, someone’s been munching on a shitload of paste. In Q2 2010, 44 more magazines launched than in 2010. This means two things (1) people have more money than they did last year and (2) they have no clue what the fuck to do with it. The former makes sense, given that in Q2 2009, we were still reeling from the September 2008 financial crisis. So, it would make sense that, as we turn the corner, there’s more money floating around … and it’s looking for a home.

And the latter? Yeah, fools and their money and such.

I don’t know what would possess someone to launch a dead-tree edition in this (or any) market. Look for the giant flushing sound in a few quarters. It will be those new magazines getting pushed through the plumbing.

via FishbowlNY

TechCrunch TV: Speaking Of… Hustling (via TechCrunch)

I’m really digging the new video from Cyan of Zivity and TechCrunch. It’s cool to get this kind of perspective on the challenges entrepreneurs face. I’m getting ready to jump back into the fray, so I have to admit, I saw this video at the right time.

TechCrunch TV: Speaking Of... Hustling Cyan Banister is CEO of Zivity. The first episode of her new show, ‘Speaking of…’ has just aired on TechCrunch TV and is now available on demand. In this guest post, she previews the first episode, and explains the concept for the show… I’m extremely excited to bring the TechCrunch community a new show that features the human side of business.  Speaking Of… explores the side of entrepreneurs you’ve never seen before. It’s an organic show th … Read More

via TechCrunch

Support the First Amendment with 1 for All (via WordPress.com News)

Where was this post last night?! I was out bemoaning the fact that bloggers have become … well, like journalists. The good ol’ days of gruff, ass-kicking hardcore bloggers (circa 2007/8) seem to have ended, though there are a few of us out there trying to keep it alive. I was seriously having this conversation with @qjm, @sabinales and @rspopshop, with @qjm actually mentioning the Deepwater Horizon issue specifically.

This post reminds me that not all bloggers have gone soft!

Support the First Amendment with 1 for All Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. Born and raised on the Texas Gulf Coast, I’ve spent the past few months trying to wrap my head around the Deepwater Horizon explosion and subsequent massive oil spill that is no … Read More

via WordPress.com News