 |
Time named “The Guardians”—four individual journalists and the staff of the Capital Gazette in Annapolis, MD—as its 2018 Person of the Year. The four journalists are Jamal Khashoggi, the Washington Post columnist who was murdered in the Saudi Arabian consulate in Istanbul in October; Maria Ressa, chief executive of the Rappler news website in the Philippines and a fierce critic of Philippine president Rodrigo Duterte; and Wa Long and Kyaw Soe Oo, who have been held in jail for almost a year for their work to expose the mass killing of Rohingya Muslims in Myanmar. Five staff members of the Capital Gazette were killed when a gunman opened fire in their newsroom in June. The recipients were recognized for helping to expose what magazine called “the manipulation and the abuse of truth” occurring in countries around the world. “As we looked at the choices, it became clear that the manipulation and the abuse of truth is really the common thread in so many of this year’s major stories, from Russia to Riyadh to Silicon,” Time editor Edward Felsenthal said while announcing the award winner on Tuesday morning’s “Today” show.
 |
A Reuters report says that Sports Illustrated magazine will likely be acquired by Ulysses Lee “Junior” Bridgeman, who played for the Milwaukee Bucks and Los Angeles Clippers. After his basketball career ended, Bridgeman acquired various Chili’s and Wendy’s restaurants, which he sold for $400 million in 2016. Meredith announced its plans to sell Sports Illustrated, along with Time and Fortune, shortly after it acquired Time Inc. in January. Time was sold to Salesforce.com founder Marc Benioff for $190 million, and Thai businessman Chatchaval Jiaravanon paid $150 million for Fortune. While the deal is still being worked out, the Reuters report cites sources that indicate the selling price of SI will be around $150 million.
 |
Fox News has been the most tweeted about news outlet in the U.S. for 2018, according to Twitter News. Coming in at No. 2 is CNN, followed by The Hill, MSNBC and the New York Times. In addition to listing the news outlets, Twitter News also named the most popular reporter/host at each. Sean Hannity is at top of Fox’s roster in that regard, and Jake Tapper is the most tweeted-about reporter/host at CNN. Joe Concha takes the top spot at The Hill, and Kyle Griffin and Maggie Haberman are most popular at MSNBC and the Times. In Twitter’s list of the Most Influential Men on Twitter 2018, president Trump did not do quite as well as his favorite news source. In that ranking, the president took second place, falling behind English singer/songwriter Liam Payne, formerly of the boy band One Direction. And close behind the president is his predecessor, Barack Obama, who came in at No. 4.
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.