 Les Moonves |
If CBS CEO Les Moonves were to exit the network in the wake of his battles with National Amusements and Shari Redstone, he would likely do so with a major payout. A report on The Wrap places the value of the golden parachute that Moonves would receive at somewhere between $181 million and $315 million, which would include an additional sum for the company’s stock performance. The report says the numbers are based on company filings with the Securities and Exchange Commission. But none of that money is guaranteed. While Moonves would probably get a $184 million parachute if CBS fired him without cause, if the dismissal were for “good reason,” several million dollars would be trimmed from that figure. And if there’s “cause” for Moonves’ firing, he could potentially receive no money at all, not even the stock-based payout.
 Alex Jones |
Conspiracy theorist, talk show host and online disaster-preparedness supply salesman Alex Jones is expanding his InfoWars digital media platform into a 24-hour-a-day news operation. Jones told viewers of his show that InfoWars is planning to bring on about 15 new employees—“our biggest recruitment and hiring operation ever.” InfoWars is looking to fill positions including video editors, live show producers and investigative reporters. Jones’ YouTube channel currently has 2.35 million subscribers. An enthusiastic supporter of President Trump, Jones is perhaps most famous for his claims that the 2012 Sandy Hook school shootings were a hoax perpetrated by the mainstream media. “This is a very, very exciting chance for InfoWars to up our game in the face of the globalists,” he said.
 |
Interview, the magazine founded by Andy Warhol in 1969, has shut down. According to multiple sources, the magazine has filed for a Chapter 7 bankruptcy and is currently in the process of liquidating its assets. The publication, which has been owned by billionaire art collector Peter Brant since 1989, has been through a series of financial difficulties over the past few years. Interview employees were locked out of its Soho offices in February for not paying rent, and the company subsequently moved. In April, the magazine’s editorial director Fabien Baron resigned. Earlier this month, Baron filed suit against the company, alleging that he and his wife, stylist Ludivine Poiblanc, are owed over $600,000 in unpaid invoices.
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.
Have a comment? Send it to 
No comments have been submitted for this story yet.