 Cyma Zarghami |
Cyma Zarghami is stepping down as president of Nickelodeon Group. Zarghami, who joined Nickelodeon in 1985, has served as president since 2006. With her departure, the leadership of every Viacom cable network has changed hands since Bob Bakish became Viacom president and CEO in December 2016. Debra Lee, chairman and CEO of BET Networks, exited last week. While Viacom conducts a search for a successor to lead Nickelodeon, Sarah Levy, COO of Viacom Media Networks, will lead the network on an interim basis. Levy has had oversight of both Nickelodeon and BET since February. Viacom is currently in contentious merger negotiations with CBS.
 Gerard Baker |
Gerard Baker is leaving his post as editor-in-chief of the Wall Street Journal. Baker, who worked for the BBC, Financial Times and Times of London before coming to the Journal in 2009, is to remain with the paper as editor-at-large, with duties that will include writing a weekend column and hosting a Journal-themed show on the Fox Business Network. Baker will be replaced as editor-in-chief by Matt Murray, who has been with the Journal since 1994, most recently serving as executive editor. While Baker oversaw an upswing in readership at the Journal, he also came under fire from staffers for being soft on President Trump. There has also been a steady stream of reporters who have left the Journal to work for other papers, with 10 of them heading to the Washington Post.
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Bob Brody, a senior VP and media strategist at Powell Tate, has a new book out, in time for Father’s Day, that talks about mothers, fathers, parenting, work and growing up. “Playing Catch with Strangers: A Family Guy (Reluctantly) Comes of Age” expands on essays that Brody has written for the New York Times, Washington Post and Atlantic, among other publications. It describes his experiences of being raised by deaf parents, starting his own family and leaving the freelance world behind to enter the full-time workforce, “finally resembling an adult.” The book has been excerpted in Reader’s Digest, and is available on Amazon.
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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