 Suzanne Scott |
Suzanne Scott has been promoted from president of programming to chief executive officer of Fox News Channel and Fox Business Network. Scott has been with the network for 22 years, coming from CNBC in 1996. Jack Abernethy, who has served as co-president of Fox News since August 2016, will remain CEO of Fox Television Stations and will be based in Los Angeles. Jay Wallace, who had been Fox News Channel president of news, has been upped to serve as president. Scott will report jointly to 21st Century Fox executive chairman Rupert Murdoch and to recently appointed “New Fox” chairman and CEO Lachlan Murdoch. “Suzanne has been instrumental in the success of Fox News, and she has now made history as its first female CEO,” Lachlan Murdoch said in a statement.
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The Wall Street Journal and National Geographic are collaborating on Far & Away, a new publication geared toward business travelers. “The editors have approached business travel hubs as launch points for personal travel, aligning with the current travel trend of combining business and leisure trips into one,” said National Geographic magazine editor in chief Susan Goldberg. The first edition of the publication will appear in the May 19 edition of the newspaper, with a second issue set to appear in the fourth quarter. The publication’s content will also be available through National Geographic’s social channels and its website. National Geographic Partners is a joint venture between the National Geographic Society and 21st Century Fox.
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The largest U.S. pay-TV providers continued to lose subscribers during the first quarter of 2018, but the rate of flight is slowing down a bit, according to a study released this week by Leichtman Research Group. The main reason for the slowdown is the growth recorded by internet-delivered services Sling TV and DIRECTV NOW. LRG’s study says that the top pay-TV services now account for 91.9 million subscribers, a drop of 305,00 from the first quarter of 2017. The drop from 1Q 2016 to 1Q 2017 was 515,000 subscribers. However, while the internet-delivered sector is on the rise (up 405,000 to 3.8 million subscribers), it is still dwarfed by cable (47.8 million), satellite (31.1 million) and services delievered by telephone companies (9.2 million).
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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