digital media

In cutting 50 of the roughly 170 employees at News Corp.’s The Daily, the digital publication plans to focus resources on its more popular features. It says the move reflects the “changing business environment for news and media.”

Google, China Mobile and Bloomberg top PaidContent’s list of the 50 most successful digital media companies based on revenue from digital content and the advertising around that content.

The former digital media director at KTVK Phoenix is tapped to fill the newly created post of VP, digital media at Young Broadcasting.

Presenters at our Media Finance Focus 2012 conference last week emphasized the need for media companies to adopt a “fleet” rather than a “mother ship” mentality toward sales. As Kannon Consulting President Barbara Cohen explained: “There is no going back. The future is not about how digital will save your traditional business. It’s about making the infrastructure changes that allow you to profit by operating a portfolio of media businesses, and digital is not the answer alone.”

Public radio has established a beachhead in local digital news, hoping to fill the territory left vacant, in part, by the shrinking of daily newspapers. David Kansas, COO and senior VP of American Public Media, spoke to NetNewsCheck about the company’s local journalism efforts, including its Public Insight Network and its recent merger with Spot.us, a crowd-funding hub for journalists. APM is also eyeing opportunities stemming from the expansion of digital media technology in the automobile.

Adam Symson is picked to lead the digital and mobile businesses for all Scripps television stations and newspapers.

Former Comcast and Yahoo exec Karin Gilford will be responsible for the ABC network’s digital media initiatives.

Procter & Gamble Co., whose sponsorship and production of daytime TV dramas helped coin the term “soap operas,” has pulled the plug after 77 years, opting to move to digital media like YouTube, Twitter and Facebook.