Walt Disney Co. announced today that ABC News president Ben Sherwood will take over for Anne Sweeney when she steps from Jan. 31 from the helm of Disney/ABC Television Group for a life in the movie director business.
Disney CEO Robert Iger lauded Sherwood for driving “Good Morning America” to the top of the morning show pack, ahead of long-time ratings rule, “Today,” of NBC.
Sherwood immediately begins a transition to the top spot by taking the co-president position of Disney/ABC TV.
In charge of ABC News since 2010, Sherwood was responsible for GMA, “World News with Diane Sawyer,” “Nightline,” “This Week with George Stephanopoulos,” and “20/20.”
He also was in command of ABC News Radio, ABC.News.com and satellite service NewsOne.
Sherwood joined ABC News as a reporter in 1989.
A search is on for Sherwood’s replacement at ABC News.
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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