Old-line newspaper publisher EW Scripps Co. has hired Twitter pro JB Kropp for the newly created VP/digital strategy development post. He takes the job June 23.
He ran Twitter's marketing relationship with packaged goods giant Procter & Gamble, organizing social media programs for the Cincinnati-based company.
At Scripps, he'll oversee its digital entrepreneurs-in-residence program and plot long-term strategies.
Scripps chief digital officer Adam Symson called Kropp "a true innovator, who can lead new business development from conceptual design through development to execution."
Prior to Twitter, Kropp was founder of Vitrue, a social media management platform that was acquired by Oracle.
He also founded The Brandery, business accelerator in his hometown Cincinnati.
Scripps owns 13 newspapers such as The Commercial Appeal (Memphis), Corpus Christi Caller-Times, Abilene Reporter-News, Knoxville Sentinel, Ventura County Star and The Gleaner (Henderson, KY).
The company closed on the $110M acquisition of Granite Broadcasting TV stations in Detroit and Buffalo this month. It owns 21 local stations.
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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