 Randall Lane |
Randall Lane has been named chief content officer at Forbes. Lane will focus on integrating editorial content across digital and print, developing more editorial franchises and working with contributors and the Forbes editorial team to develop more multiplatform reporting. In addition to his new role, Lane will also continue to serve as the editor of Forbes Magazine. He joined Forbes in 1991 and has served as reporter, staff writer and Washington bureau chief. “Randall is a unique and talented leader at Forbes,” said Forbes Media CEO Mike Federle. “He’s the perfect fit for this position as we continue to expand globally, build new editorial initiatives, reach new audiences and evolve to adjust to changing consumer behaviors.”
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Following on the heels of what the New York Post reports is a $100 million operating loss for 2017, Condé Nast appears to ready to perform some major surgery to the corporate side of its business—and the cuts aren’t just being considered for the print side of the company. According to the report, the company’s entertainment division, Condé Nast Entertainment, is also said to be under review. So far this year, there have been two rounds of layoffs at the company, paring over 200 jobs. With Hearst having acquired Rodale and Meredith sealing its deal to buy Time Inc., Condé is being suggested as a potential acquisition target itself. While Amazon, Google, Apple, Hearst and various venture capital firms are part of the rumor mill as regards possible buyers, the Post says company insiders say there no plans at present to sell the company.
 Jim Roberts |
Cheddar, a streaming financial news network that focuses on stocks and technology and is broadcast daily from the floor of the New York Stock Exchange, has named Jim Roberts editor-in-chief. Roberts comes to Cheddar from the public strategy firm Mercury, where he has served as managing director. He has also worked as an editorial consultant for The Hill, was executive editor and chief content officer at Mashable, and spent over 25 years at the New York Times. Roberts’s hire is part of a drive by Cheddar to beef up its editorial product, an effort that includes the launching of a news reporting unit to be called “Cheddar Scoops.”
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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