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Jean YoonReuters named Jean Yoon to the newly created position of executive editor, editorial strategy, based in New York. Yoon, who is slated to begin in October, is Reuters regional editor, Asia, as well as global editor, strategic centers, with about 800 journalists under her purview. Prior to her editorial roles, she served as chief financial correspondent in Seoul and UK technology and media correspondent in London. In her new role, she will take on responsibility for the company’s global editorial strategy in partnership with editor in chief Steve Adler.
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Tony Kornheiser & Michael WilbonThe National Press Club is giving Tony Kornheiser and Michael Wilbon, the co-hosts of ESPN’s “Pardon the Interruption,” its Fourth Estate Award. Kornheiser started his career in journalism with Newsday, and has also worked for the New York Times and Washington Post, as well as hosting a radio show on D.C. station WTEM that was syndicated nationally on ESPN Radio. Wilbon began his career at the Washington Post and has been an NBA studio analyst for “KIA NBA Countdown” on ABC and ESPN since 2006. Previous winners of the Fourth Estate Award include Wolf Blitzer, Gwen Ifill and Charlie Rose. The award will be presented at a dinner in DC on Oct. 4.
The Automotive Video Association, a newly created group of automotive video journalists, announced that it will host the first-ever AVA awards this fall. Established to promote the video aspect of covering the auto industry, the AVA says that its membership is open to all professionals who produce content related to the industry. The award program, titled “The Mountain Run,” will take place Sept. 23 at the Resort of the Mountain in Welches, Oregon. Details of the finalists and criteria will be released in the coming weeks.
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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