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Nowhere in that brief does it mention that the Fiscal Times is headed by Pete Peterson, the billionaire hedge fund manager and former Nixon Commerce Secretary who has been bankrolling a decades-long campaign to slash safety net programs like Social Security and Medicare (Incidentally, Peterson also funds both the Concord Coalition and the Peterson-Pew Commission on Budget Reform, the think tanks cited in the article). The Fiscal Times is his latest venture, which will produce articles about fiscal issues and essentially lease them to newspapers. The Washington Post recently entered into a content sharing agreement to run Fiscal Times stories on their news page. So a man dedicated to fraying the nation’s social safety net now has real estate on one of the nation’s most prominent newspapers, and if this initial story is any indication, will use it to push a deficit-mania agenda as a means to subvert legislative procedure and create momentum for major cutbacks. It’s essentially a buyout of a national news section.
Dozens of prominent economists have now written a letter to the Washington Post’s ombudsman, protesting the use of Fiscal Times stories in the news section and calling for an end to the content sharing agreement. The effort has been spearheaded by Nancy Altman, author of the book The Battle for Social Security , who has spent her career working on economic security issues. She drafted the letter, which you can find below. In an interview with FDL News, Altman explained her problems with the Washington Post using a Pete Peterson-funded outlet as a content generator.
“What immediately comes to mind is the scandal a few years back when I recall that it came to light that the Bush administration was circulating stories and video that were being run by news outlets as straight news stories,” Altman said. “Obviously, those issuing press releases love for their words to be printed unchanged. The Fiscal Times is not an independent news source, but an entity funded by Peterson, a man with a clear point of view and an agenda.” The letter is part of a larger effort to rebut the Peterson Foundation’s money and influence with pushback from multiple angles. As the letter notes, over 40 organizations, including the AFL-CIO, AFSCME, Common Cause, NAACP, National Organization for Women and SEIU, have objected to the deficit commission which the Fiscal Times article and Peterson’s organizations in general have promoted. The commission would consist of equal numbers of Democrats and Republicans and would have its recommendations automatically acted upon by Congress with an up-or-down vote, without the ability to amend them. The Conrad-Gregg Commission, devised by the chairman and the ranking member of the Senate Budget Committee, would make that up-or-down vote a super-majority in both the House and the Senate, which would actually make it harder to pass the recommendations than regular legislation. However, it would clearly outsource the functions of the legislative branch to an unelected committee, and critics fear that the Peterson noise machine would lead to major entitlement cutbacks rather than a balanced way of dealing with long-term deficits.
Full Story: Calls Begin For Washington Post To End Content-Sharing Agreement With Pete ... - Firedoglake (blog)
However, this content won’t be a measly DLC add-on. Eurogamer.cz reports that an online retailer listed a product called Dragon Age: The Awakening, which follows the events of the original game. The content is said to include a new character / origin story and separate campaign. The new content will also raise the level cap, add new monsters and equipment, and take around 15 hours to complete. Seems small when compared to the original game (considering that one can easily break the 80 hour mark in a single play), but most full retail action titles clock in well under that.
Naturally, this story is entirely speculative, as the original story doesn’t report where the details associated with the expansion originate. What’s more, the original story is entirely in Czech, so we’re all at the mercy of Google Translate to get an account of the report. Either way, Bioware’s made it clear that they plan to support Dragon Age with content as long as players want to have it, so a full expansion wouldn’t be too out of order.
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Full Story: Possible Dragon Age Expansion On The Way - GamerCrave.com
Segment income for the 2009 third quarter totaled $2.7 million, down by $0.9 million from the previous year. Improved results in the company’s media operations were offset by lower Licensing profits and increased Corporate expense.
PEI Chief Executive Officer Scott Flanders said: “The Playboy brand is an amazing asset that is unique in its global range, flexibility and demographic appeal. My goal is to better manage the power of this brand to accelerate the growth of our licensing business, create new momentum in our media businesses and develop a more efficient business model. “In Licensing, we expect to see year-over-year profit growth in the fourth quarter, despite the continued weak economy. Increased fragrance sales through our Coty partnership, the launch of consumer products in selected new territories globally and the planned year-end opening of a new entertainment venue in Cancún, Mexico, should help benefit fourth quarter results,” Flanders said.
“On the media side, we believe that industry trends will contribute to lower fourth quarter results. Although the improved third quarter results demonstrate the significant strides we have made in reducing the cost structure of our mature media businesses, more is needed. Playboy magazine will remain the flagship of this company, and a powerful content generator, but it needs to operate more efficiently. We already announced that we will lower the magazine’s rate base effective with the January/February 2010 issue, and we are looking at other opportunities to improve profitability. Entertaining our readers and supporting our advertisers will remain a critical focus, and we expect to expand the reach of our integrated print and digital offerings, using social networks, new mobile partnerships and interactive games to create new revenue streams. We also are looking at ways to reposition the Playboy TV network for future growth,” Flanders said. “Like other companies, we confront a changing media landscape and a weak global economy,” Flanders said. “But we also face challenges that are unique to our small size and lack of scale. I believe that we need to focus on the things that we do well, like creating content, while handling other functions through partnerships or outsourcing agreements that will provide the economies of scale and expertise we need to operate more efficiently. The outsourcing of magazine circulation and e-commerce were the first in a series of steps needed to accomplish that goal. More work lies ahead.” The Entertainment Group reported third quarter 2009 segment income of $2.3 million, a 37% increase from the $1.7 million reported in the same period last year, primarily reflecting cost-savings initiatives. Lower domestic and international TV revenues were primarily responsible for the decline in third quarter 2009 revenues to $24.4 million from $27.3 million in the prior year.
Full Story: Playboy Q3 net loss at $1.1 million - Media News International
Full Story: Forza Motorsport 3 Review: Definitively Maybe [Review] - Zergwatch
After apologising for the ruse, the company blamed it on an "over-enthusiatic intern". But how should brands use Twitter? And why is it so hard for them to understand the new medium? George Nimeh, managing director of marketing firm Iris Digital, said: "Twitter is challenging for brands, because it is made for talks and chats, and their public relation language is very different. If they want to use Twitter, they have to learn to act different and sound human.
Ciaran Norris, the head of social media marketing at global media network Mindshare, said: "The growth in Twitter has been exponential. It is a media zone. Twitter turns the ladder sideways - it made it so much easier to communicate with each other and with brands and to spread news.
"To understand what is going on, search is really important. In fact, the Google homepage is the homepage of your brand, because people use Google as a browser, now." There are some tools to help you learn what people are saying about your brand: • Cymfony is very good to search what people say about your brand.
Full Story: Media 140: The dos and don'ts of social media - guardian.co.uk
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