Geithner Out of Time
David Geithner, executive VP and president of Time Inc.'s entertainment group, is leaving the revamped and now independent company.
The more than 20-year publishing veteran will join Conde Nast as chief financial officer on August 17.
Geithner replaces John Bellando, who decided to move on, but will consult the publisher through the end of the year.
He'll report to Bob Sauerberg, CN president, who is now in charge of all revenue generation at the magazine company, including CN's media group.
Sauerberg is responsible for digital, technology, consumer marketing, business development, CN entertainment and corporate administration.
CN owns Self, GQ, Vogue, Vanity Fair, Architectural Digest, Allure New Yorker, Wired, Brides and Details.
Bizo Links with LinkedIn
LinkedIn is acquiring B2B marketing platform company Bizo for $175M, of which 90 percent is cash and 10 percent stock.
The San Francisco-based operation, which was founded in 2008, provides technology/products for measurable display and social advertising programs.
Deep Nishar, LinkIn's senior VP product/user experience, said integration of Bizo's B2B solutions with his company's content marketing products would create "the most effective platform for marketing to engage professionals.
The deal is expected to close during the third-quarter. LinkedIn has more than 300M users.
Turner Upped to Slate EIC
Julia Turner is succeeded Davie Plotz as editor-in-chief of Slate, which is a property of Graham Holdings,
Plotz has been with Slate since its 1996 start-up, serving as e-i-c for the last six years. He will remain on staff and editor-at-large.
Turner, 35, is based in New York.
Slate attracts more than 30M unique visitors per month.
Murray Makes Fortune Move
Alan Murray, president of Pew Research Center and former deputy manager of the Wall Street Journal, is taking the editor post at Fortune, which is owned by Time Inc.
He will replace Andy Serwer, who held the top editor position at the magazine for eight years and spent about 30 years at the parent company.
Murray joined Pew in 2012. He did a ten-year stint in WSJ's DC bureau and served as online executive editor.
In a note to Pew staffers, Murray noted that Fortune was one of the two places where he applied for work after graduate school
"The opportunity to lead this iconic news organization into the new media world does not feel like just another job opportunity," he wrote. "It feels like a calling, and it is one I find impossible to resist."
Murray departs Pew on Aug. 1.
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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