The National Press Club has gotten a financial shot in the arm.
The trade association on Thursday sold its Norman Rockwell painting, "Norman Rockwell Visits a Country Editor," for $10.2 million at an auction by Christie's in New York.
The sale price was within Christie's estimate of $10 million to $15 million
Seventy-percent of the proceeds will go to the Club and 30 percent will go to the nonprofit National Press Club Journalism Institute.
"The sale is fantastic news for the Club and the Institute because both entities will have additional resources to carry out their missions for many years to come," said John Hughes, president of the National Press Club, in a statement.
For years, the painting had hung outside the Club’s Reliable Source room Since Nov. 16 that space has been occupied by a replica of the artwork.
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.
Have a comment? Send it to 
No comments have been submitted for this story yet.