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The Los Angeles Times is shutting down three of the local papers that it published under the Times Community News brand. The final editions of the Glendale News-Press and Burbank Leader were published on April 18, while the La Cañada Valley Sun will put out its last issue on April 23. As a result of the closures, 14 staffers will be laid off. With circulations of about 5,000 each, the papers were included as inserts in copies of the Times as well as being distributed at local businesses. The Times said that ad sales and readership for all three had long been slumping, and that the plunge in revenue resulting from the coronavirus crisis was the last straw. The other Times Community News group papers, the Daily Pilot and TimesOC, will continue publishing in Orange County.
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| The Duke and Duchess of Sussex |
Prince Harry and Meghan Markle officially ended their royal duties on March 31, and now they have cut off their relationship with the British tabloid press. In a letter to The Sun, The Daily Mail, The Mirror and The Express, the no-longer royals set what they term “a new media relations policy” toward those publications. “The Duke and Duchess of Sussex will not be engaging with your outlet,” the letter from their office says. “There will be no corroboration and zero engagement. This is also a policy being instated for their communications team.” However, the letter also emphasizes that “this is not in any way a blanket policy for all media.” Not surprisingly, there has been a fair amount of pushback to the announcement. Society of Editors executive director Ian Murray called the statement “a clear attempt to undermine certain sections of the UK media who often ask uncomfortable questions.”
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Vogue is partnering with the Council of Fashion Designers of America and repurposing the CFDA/Vogue Fashion Fund to provide support for those in the American fashion community affected by the COVID-19 pandemic. To promote the effort, they are launching “A Common Thread,” an initiative focused on telling stories about how the American fashion community is coping with the crisis, how businesses have been affected, and how the industry can move forward. “This crisis has already affected the entire fashion community—from designers and their employees to retail workers up and down the economic scale,” said Vogue editor-in-chief and Condé Nast artistic director Anna Wintour. To contribute to the fund, click here or text THREAD to 44-321.
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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