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Former NBC News president Steve Capus has been tapped by CBS News as executive editor and executive producer of its evening news flagship.
Capus, the former EP of "NBC Nightly News" for four years before heading NBC News, is currently executive in residence at the international IESE Business School and is slated to join CBS in July.
The veteran journalist will manage the "CBS Evening News with Scott Pelley" and advise all units of CBS News under president David Rhodes.
The appointment comes as CBS News is the focus of a New York magazine feature, "Benghazi and the Bombshell," on the rise and fall of suspended "60 Minutes" correspondent Lara Logan.
Writer Joe Hagan reports that the "atmosphere at CBS has been toxic in recent months" under CBS News chairman and "60 Minutes" EP Jeff Fager as producers and correspondents told Hagan "they do not feel empowered to voice criticism."
The story, which some outlets have hit as sexist, speculates that Logan, who was suspended by CBS after a "60 Minutes" story she pushed about Benghazi was found to be flawed, may not return to the network, which is reportedly eying another "attractive, blonde, fluent in three foreign languages," foreign correspondent Clarissa Ward.
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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