The Wall Street Journal has fired chief foreign affairs correspondent Jay Solomon for alleged financial dealings with an Iranian-born businessman.
The Associated Press reported that Solomon communicated with Farhad Azima, an aviation tycoon who had transported weapons for the Central Intelligence Agency, about a venture involved in the sale of defense equipment to the United Arab Emirates and espionage in Iran.
 |
Azima, who was a source for Solomon for many years, allegedly offered the WSJ correspondent a 10 percent stake in a company called Denx LLC.
Solomon released a statement to the AP, admitting to making “mistakes in my reporting.” He denied any business transactions with Azima.
The AP scoop came as it launched an investigation into Azima and subsequently received “tens of thousands” of emails, which included conversations between the Iranian and Solomon.
In his AP statement, Solomon said those emails “may look like l was in in some seriously troubling activities.”
The WSJ said it’s dismayed by the actions and poor judgment of Solomon.
“The allegations raised by this reporting are serious,’ said a statement from Steve Severinghaus, WSJ communications director. “While our own investigation continues, we have concluded that Mr. Solomon violated his ethical obligations as a reporter, as well as our standards.”
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.