 Roger Stone |
Roger Stone is planning to take Twitter to court over having his main outlet on the platform, @RogerJStoneJr, suspended. The account was taken down Saturday following an obscenity-riddled chain of posts aimed at various CNN employees after the cable network broke the story of imminent charges against Paul Manafort in the Mueller investigation of possible ties between the 2016 Trump campaign and Russia. “When AT&T aquires [sic] Time Warner the house cleaning at CNN of human excrement like @donlemon@jaketapper & dumbf—k @ananavarro will be swift,” was just one of the posts appearing on @RogerJStoneJr early Saturday. In an email sent to Politico, Stone says that Twitter’s move to shut down his account is “part and parcel of the systematic effort by the tech left to censor and silence conservative voices." The legal grounding of Stone’s potential litigation against Twitter remains uncertain, but in the meantime, his bully pulpit appears to have simply moved over to @STONEFLIK, which bills itself at “the official twitter feed for the film that will change your life”—i.e., “Get Me Roger Stone,” a documentary about Stone that is streaming on Netflix.
 Kim Wall |
Peter Madsen, the inventor of the UC3 Nautilus submarine aboard which Swedish journalist Kim Wall lost her life, has admitted that he dismembered her body. However, he still denies killing her. While Madsen initially said Wall died after being hit on the head by the submarine’s hatch, he later changed his story, saying that she died from carbon monoxide poisoning inside the submarine while he was up on deck. After Wall’s death and dismemberment, Madsen sunk the submarine. Wall, who had written for the New York Times, Guardian and South China Morning Post, was working on a feature story about Madsen, who had plans to pursue a space travel project. Police said that Madsen has agreed to remain in custody through his Nov. 15 court date.
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A bit of good news in print publishing: Meredith Corporation has bumped up the rate base of its quarterly magazine The Magnolia Journal to 1.2 million, beginning with the Spring 2018 issue. Based on the Magnolia brand founded by Chip and Joanna Gaines, hosts of HGTV’s “Fixer Upper,” the magazine debuted in Fall 2016 as a newsstand-only title with an initial run of 400,000 copies and a cover price of $7.99. “In just a year we’ve generated 1 million paid subscribers” said Meredith Magazine president Doug Olson. “On newsstands, The Magnolia Journal has averaged nearly a 70 percent sell-through rate, compared to the industry average of 25 percent.”
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Though ratings for the Oscar telecast have been trending downward for the past few years, one thing is rising: the rates that advertisers are being charged to air their spots during the awards ceremony. According to Variety, ABC is charging up to $2.6 million to run a 30-second spot on the 2018 Oscars, beating out last year’s rate of $2.1 million. One of the last true big-ticket events on the broadcast TV landscape, the Oscars have seen their ratings slide from 2014’s 43.7 million to 34.3 million in 2016 and 34.4 million last year. Despite that drop, the Variety report says, the limited amount of ads that run during the telecast increase the prominence of each ad that runs, increasing their value to advertisers.
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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