 |
| Kevin Merida |
Los Angeles Times editor Kevin Merida is exiting, effective Jan. 11. Merida was named executive editor at the Times in May 2021 after stints as EVP and editor-in-chief at ESPN and managing editor at the Washington Post. According to the New York Times, Patrick Soon-Shiong, who bought the LA Times in 2018, said in a note that he and Merida “mutually agreed” that Merida should depart. According to the NY Times report, Merida and the Soon-Shiong family have been at loggerheads over such issues as editorial decisions and business priorities. Last June the LA Times axed more than 10 percent of its staff due to economic difficulties. Soon-Shiong said the search for Merida’s successor will include both internal and external candidates.
 |
| Arthur Bochner |
News Corp brings on Arthur Bochner, who most recently served as VP, strategic communications at the Walt Disney Company, as chief communications officer and EVP following the retirement later this year of Jim Kennedy, who has been with News Corp for over a decade. Kennedy’s decision to retire was announced last October. Bochner will begin at News Corp this month, working with Kennedy and his team during the transition. He will be based at News Corp’s headquarters in New York. “Arthur has vast and valuable experience at the highest levels of business and government, which will enable him to play a vital role in News Corp’s continuing growth,” said News Corp chief executive Robert Thomson.
 |
| Lindsay Horrigan |
Hearst Magazines names Lindsay Horrigan SVP, consumer growth officer, a new position at the company. Horrigan joins Hearst from Wayfair, where she served as chief marketing officer of Perigold, Wayfair's luxury home decor marketplace, and Birch Lane, a specialty brand. Before that, she was global head of consumer marketing and general manager of subscriptions at Bloomberg Media. With a focus on digital customer engagement, Horrigan will be responsible for leveraging data and insights to help drive growth across the company’s consumer revenue streams, including subscriptions, membership operations, commerce and licensing. “Her innovative approach to engaging consumers and strong business acumen will play a critical role in our long-term growth strategy,” said Hearst Magazines president Debi Chirichella.
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.