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Nylon, style and culture title, is killing its print edition. The 12 members of the publication’s print staff were told on Thursday that after its October issue Nylon would become an online-only publication. The move follows the closing down of Nylon Guys in 2015 and the recent demise of such titles as Lucky, More and Self. The shift to a digital platform is expected to result in expanded attempts to appeal to their predominately female audience through video, led by their creative agency Nylon Studios. “As platforms emerge and change, our voice, content and brand keep getting stronger, as do our array of marketing solutions,” said Nylon Media executive chairman Marc Luzzatto.
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Univision Communications Inc., the media company whose operations include Univision, the most-watched Spanish-language broadcast television network in the country, has entered into a partnership with language education provider Rosetta Stone Inc. The two companies have come together to launch Univision Aprender con Rosetta Stone, a language learning program that aims to both help the Hispanic audience gain English-language proficiency and assist those looking to gain proficiency in Spanish. “When looking at how best to reach the Hispanic audience in the U.S. and beyond, teaming up with Univision was a natural fit,” said John Hass, President & CEO, Rosetta Stone. “This strategic partnership gives us a new avenue to fulfill our mission.”
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Reuters has appointed John Foley U.S. editor for Breakingviews, its global brand for financial commentary. Foley joined Breakingviews in 2004, and most recently served as its EMEA editor in London, following postings in Hong Kong and Beijing. Foley succeeds Jeff Goldfarb, who is heading to Hong Kong to oversee Breakingviews coverage in the region as deputy editor. Peter Thal Larsen is taking over for Foley in the EMEA editor position.
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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