This supposedly high-flying industry of the future wasn't even strong enough to support two players, for now. Portfolio magazine greatly disappointed many readers and critics with its shockingly dull debut, following a lot of hype. All was not lost, though, for the Conde Nast launch.
The book did contain 185 pages of ads. Katie Couric's flop as the anchor of the "CBS Evening News" continued to stun the TV industry. CBS chief Leslie Moonves -- and the powers across the media industry -- also had to be reassessing the audacious strategy of discarding the traditional evening-news format and embracing something revolutionary.
Apparently, the public wasn't quite ready for a dramatic change at the dinner hour. The campus massacre gave a glimpse into how the modern media, which now include bloggers and instant journalists carrying cell-phone cameras, will be reporting big stories from now on. Maria Bartiromo, the biggest star on CNBC, sparked plenty of headlines (and awful puns) when she was accused of traveling with a Citigroup executive on the financial-service giant's corporate jet.
The bigger story than whether Bartiromo was acting as a journalist or a private citizen centered on ethics and how close reporters should get to their subjects. CNN: the most trusted name in fluff This has to be the quote of the week, if not the millennium, courtesy of Paris Hilton: "I am thrilled that Larry King has asked me to appear on his program to discuss my experience in jail, what I have learned, how I have grown and anything else he wants to talk about," the hotel heiress said in a torturously constructed statement. "Larry King is not only a world-renown journalist, but a true American icon.
It will be an honor to do his show." Hilton's handlers began to resemble rug merchants in an Istanbul market, desperately trying to unload their wares on anyone. The remarks come close to leaping off the page and belting out "God Bless America.
" Do those words make you feel, like Mike Myers' Coffee Talk Lady would say, all or what? For all of Hilton's adoration, King was hardly her first choice. The starlet's beleaguered but wily publicist, who probably crafted that bit of fluff, could have inserted King's name where he had crossed out the likes of Meredith Vieira of NBC's "Today" and Barbara Walters of ABC.
After competing for the cheap "get," many journalists pulled back when word leaked out that the Hilton camp was going to rake in big bucks from This supposedly high-flying industry of the future wasn't even strong enough to support two players, for now.
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