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Digital First Media has placed the top bid of $11.9 million to purchase the Boston Herald in a bankruptcy auction. The bid must be approved by a bankruptcy court judge before the deal can go through, with a hearing scheduled for Friday. The Herald filed for Chapter 11 bankruptcy protection on Dec. 8. Denver-based Digital First, also known as MediaNews Group, owns publications across the country, from the Orange County Register in Anaheim, CA, to the Lowell Sun and Fitchburg Sentinel & Enterprise in Massachusetts. According to a report in the New York Post, job cuts at the Herald are likely. The paper’s current employee headcount is approximately 240, and previous bidders have indicated that they would move that number closer to 175.
 Nicole Carroll |
USA TODAY has named Nicole Carroll editor-in-chief, effective in March. Carroll joins USA TODAY from the Arizona Republic, where she was editor and VP-news. She has also been southwest regional editor for the USA TODAY Network since 2016. Carroll joined the Republic in 1999, and has held positions at the paper ranging from city editor to planning editor to managing editor for features. She received The National Press Foundation’s 2017 Benjamin C. Bradlee “Editor of the Year” award and in the last six years the Republic/azcentral.com has twice been named a finalist for the Pulitzer Prize in Breaking News. In January, she was elected to the board of the American Society of News Editors.
 Alex Treadway |
Alex Treadway, who was managing director for strategic client services at Atlantic Media’s National Journal from 1999-2009, is returning to the company as associate publisher for Route Fifty, Government Executive Media Group’s digital publication connecting state and local government officials. Treadway joins Route Fifty from conservative website The Daily Caller, where he most recently was chief revenue officer. He has also served as vice president of leadership sales at the Washington Post. “Alex brings more than 20 years’ worth of high-level digital sales experience with him, which will prove invaluable to our clients as they look to engage state and local government decision-makers,” said GEMG chief executive officer Tim Hartman. Route Fifty saw significant growth in 2017, with a 13 percent hike in monthly unique visitors. The site’s database circulation has grown over 300 percent in the past 18 months, and revenue is up 23 percent year-over-year.
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
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