 |
WPP's Ogilvy Government Relations represents the Coalition to Save Local Media, which is fighting the proposed Sinclair Broadcasting/Tribune Media Co. merger on grounds that the $6.6B cash/deal would crush local independent media and lead to higher prices for consumers.
OGR’s team includes Moses Mercado (chief of staff to ex-Democratic Leader Dick Gephardt), Tim McGivern (COS to former Kansas Republican Senator Sam Brownback), Conrad Lass (ex-lobbyist for American Petroleum Institute, Southern Co. and Rio Tinto mining company) and Todd Novasone (ex-COS to Kansas Republican Jerry Moran).
The Coalition contends the Sinclair/Tribune combine would reach 72 percent of US households and effectively control the market for broadcast equipment and impede the introduction of new services.
American Cable Assn., CCA (rural/regional wireless carriers), ITTA (broadband providers), DISH Network, Common Cause, Public Knowledge and Foundation for Rural Service are among Coalition members.
Sinclair says the deal would enable it to build a next-generation broadcast platform to offer advanced services for a larger customer base.
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.