 Marni Walden |
Marni Walden, who heads Verizon's sprawling media and digital operation is leaving the firm in February.
The 50-year-old, who is Verizon's highest-ranking woman executive, had been mentioned as a potential successor to CEO Lowell McAdam, 63.
“Marni helped build our wireless business, starting as a sales representative in a store and grew into an inspirational leader and role model for so many at Verizon,” McAdam said in a statement.
Walden was among executives who advocated on behalf of the $4.5B acquisition of Yahoo, according to the Wall Street Journal.
Yahoo has now disclosed that its hacking breach is more extensive than it had first thought, affecting 3B of its users.
Walden's duties will be divided among Verizon executives including former AOL CEO Tim Armstrong, who led the integration of Yahoo and AOL to form Oath.
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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