Consumer Reports Revamps Print, Digital
Diane Salvatore was promoted to editor-in-chief of Consumer Reports magazine to replace Ellen Kampinsky, who exits after a year leading its re-design. She joined in 2013 as senior director of content strategy and development after leading Prevention and Ladies' Home Journal.
The hire was among several moves by the publisher in a shift away from smaller print publications and greater focus on digital.
CR is pulling the plug on ShopSmart magazine and the newsletter Money Adviser.
Also, Wendy Bounds, who leads Consumer Reports' video unit, has been named executive director of content to oversee editorial strategy and content creation for all of its print and digital properties.
She was previously a managing editor and deputy at the Wall Street Journal.
CR, which counts 3.6M magazine subscribers and more than three million online subscribers, also tapped Erle Norton, ABC News alum, as executive editor, digital, to oversee its digital properties, including the Consumerist blog.
Finally, IBM director of social media Kevin Winterfield takes the reins of CR's social media offerings.
Losee Heads Politico Content Marketing Push
Stephanie Losee, managing editor for Dell in charge of content marketing, has joined Politico to lead a branded content unit.
Losee serves as executive director of brand content to launch Politico Focus, billed as a data studio and brand journalism operation. She has held content posts at AxiCom, Say Media and Red Consultancy, after staff positions at Fortune and PC Magazine.
Losee also co-authored "Office Mate" (Adams Media 2007) and "You've Only Got Three Seconds" (Doubleday 1997).
Vox Acquires ReCode
Digital publisher Vox Media is acquiring tech news site ReCode in an all-stock deal.
ReCode will continue to publish under its name and leadership, including veteran journalists Kara Swisher and Walt Mossberg.
Vox said ReCode will complement its existing tech news unit, The Verge, and will eventually move on its content platform, Chorus.
Swisher and Mossberg, who will be in charge of editorial for Recode and report to Vox editorial director Lockhart Steele, noted that while The Verge has focused on tech from a consumer, lifestyle perspective, ReCode is zeroed in on the "business of tech."
They noted ReCode will benefit from Vox's marketing, communications, audience development, sales and production capabilities, as well.
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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