Time Inc. hired Michael Erlinger from WPP's GroupM global media investment unit to develop business models for the magazine company's video expansion.
He takes the newly created post of senior VP/business & legal affairs for TV and video.
Erlinger reports to executive VP/general counsel and corporate secretary Lon Jacobs, who called the new hire "a tremendous asset to us as we extend our premium content and engaged audiences into this vital space."
At the WPP operation, Erlinger handled business/legal aspects of branded entertainment projects and digital programs along with relationships with rights holders including negotiations over content financing and co-development pacts.
Previously, he was at ABC Entertainment TV Group.
Time Inc. plans to triple its production capacity and double the amount of simultaneous live programming when it moves to its new Brookfield Place corporate headquarters across from the World Trade Center by the end of the year.
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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