 Milo Yiannopoulos |
Milo Entertainment Inc., the company operated by right-wing provocateur Milo Yiannopoulos, has reportedly laid off all its staff. The move follows the April 16 death of cryptocurrency billionaire Matthew Mellon, allegedly from a drug overdose. Mellon had been expected to provide Milo Entertainment with a cash infusion that would have kept it in business. Formerly bankrolled by Robert and Rebekah Mercer, whose other beneficiaries have included Breitbart News, Sen. Ted Cruz and President Trump, Milo Entertainment has hit hard times since the Mercers pulled their funding last year. The company has downscaled its “The Milo Show” from a video program to one only available in an audio version. However, dangerous.com, the company website where browsers have to shell out $47.50 for an annual membership, is still up and running.
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Gothamist, the New York City-centric news site that closed in November along with its sister site DNAinfo, was back up online as of Thursday. Led by Jen Chung and Jake Dobkin, its original co-founders, the site has brought back editor-in-chief John Del Signore and editorial director Jen Carlson, among others. Gothamist staffers have been posting stories since early this month, but Thursday was the official return. WNYC purchased Gothamist in February, and the site now features links to pieces from the station. While DNAinfo’s archives will now be hosted by WNYC, the site is not going back up at present. The November closure by former owner Joe Ricketts, who is also the founder of TD Ameritrade, came just a week after employees at Gothamist and DNAinfo had voted to unionize. In September, Ricketts posted an entry titled “Why I’m Against Unions at Businesses I Create” on his blog, and the Writers Guild of America, East accused him of threatening workers during the organizing drive.
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YouTube, owned by Google, deleted millions of videos from its platform for content policy violations in last year’s fourth quarter before viewers saw them, it said in a report highlighting its response to requests that it better monitor its online community. Artificial intelligence flagged almost all of the allegedly offensive or harmful videos removed from the site, the company said. YouTube says it receives 400 hours of new video uploaded every minute, which prompted the company to automate its monitoring system. That system has failed to stop the posting of extreme and abusive content, resulting in a loss of business from advertisers who claim that their ads have been played before such videos. YouTube says that more human curators will working in collaboration with advanced computer systems to remove the worst videos before they become viral.
 Steph Curry |
Steph Curry, who has been sidelined from the NBA playoffs because of an MCL sprain, has signed a multi-year development and production deal with Sony Pictures Entertainment, according to a report in The Wrap. Curry has also formed a production company, Unanimous Media, that will produce film and TV projects that focus on family, faith and sports. Its headquarters will be located on the Sony Pictures studio lot in Culver City, California. “[Curry is] tapping into his drive and creative energy on the court to expand to horizons off the court and we’re honored to be a part of it,” added Chris Parnell, co-president Sony Pictures Television.
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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