GOOGLE INVESTS IN JOURNALISM IN EUROPE
Google will spend more than $160M in grants for journalistic ventures in Europe to curry favor with regulators on the Continent.
The search giant will partner with newspapers and reporter organizations to develop new products and revenue streams.
Google has been at odds with European newspapers about the use of their content on Google News.
Carlo D'Asaro Biondo, who in charge of strategic partnership, said though Google made "mistakes" in the part, it always wanted to support the European newspaper business.
NBC, AOL DIAL UP CONTENT DEAL
NBCUniversal and AOL have partnered in a content and programming venture.
They will work jointly to create programming to run on their separate platforms, while AOL will feature NBC, Telemundo and CNC content on its network.
Bob Lord, president of AOL, said the effort is designed to shatter the silos between linear and digital content.
HOWE DELIVERS RELIEF TO PEARSON
Laura Howe, a 14-year veteran of the American Red Cross is joining Pearson May 4 as VP-media and communities for North America.
Her job is to communicate how the publisher improves the lives of members of the education community.
Howe is VP-PR for the American Red Cross, which has faced a withering attack for its lackluster response to Super Storm Sandy.
WASHINGTON EXAMINER BULKS UP
The Washington Examiner is adding a trio of political savvy editors/reporters to bulk up its coverage of the Presidential contest.
Jim Antle, who was managing editor of The Daily Caller, is taking the politics editor slot. He also worked at The American Spectator and The American Conservative. Antle wrote "Devouring Freedom: Can Big Government Ever Be Stopped."
Daniel Allott will start as WE's deputy commentary page editor. He has contributed to Investor's Business Daily's leaders and success page and wrote for American Values, a DC public policy shop.
National Review's Ryan Lovelace will become political reporter at WE. As William F. Buckley Jr. fellow in political journalism, he covered the Dept. of Homeland Security, immigration and the Ferguson riots.
Clarity Media owns the WE.
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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