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Last Updated: Fri., Apr. 19, 2024 @ 5:05 pm

Category: Media NewsReturn to Latest News

Trump Media Suffers $58M '23 Loss on $4M Revs

Mon, Apr. 1, 2024

By Kevin McCauley

Truth SocialTrump 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.

Assange Gets US Representation

Tue, Feb. 13, 2024

By Kevin McCauley

AssangeBarry 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.”

Media Maneuvers: Paramount Global to Ax 800 Jobs

Tue, Feb. 13, 2024

By Steve Barnes

ParamountParamount 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.

Media Maneuvers: LA Times Sheds 20% of Newsroom Staff

Thu, Jan. 25, 2024

By Steve Barnes

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.

Media Maneuvers: LAT's Merida Exits

Thu, Jan. 11, 2024

By Steve Barnes

Kevin MeridaLos Angeles Times editor Kevin Merida is exiting, effective Jan. 11... News Corp brings on Arthur Bochner, who most recently served as VP, strategic communications at the Walt Disney Company, as chief communications officer and EVP following the retirement later this year of Jim Kennedy... Hearst Magazines names Lindsay Horrigan SVP, consumer growth officer, a new position at the company.

Media Maneuvers: NYT Sues OpenAI and Microsoft

Fri, Dec. 29, 2023

By Steve Barnes

OpenAIThe New York Times sues Open AI and Microsoft for copyright infringement... LinkedIn appears to be profiting from the exodus of advertisers turning away from Elon Musk’s X... Salem Media Group sells Regnery Publishing, which has released books from authors including Ronald Reagan and Donald Trump.

Media Manuevers: Axel Springer Strikes Up Deal With OpenAI

Wed, Dec. 13, 2023

By Steve Barnes

Axel SpringerAxel Springer signs deal with OpenAI to get paid for its contributions to ChatGPT... The New York Times hires former Quartz EIC Zach Seward as editorial director of AI initiatives... The Nation, which has been in print since 1865, is transitioning from a weekly to a monthly publication.

Media Maneuvers: Jezebel Returns

Wed, Nov. 29, 2023

By Steve Barnes

JezebelJezebel, feminist website, is coming back to life after a less-than-three-week hiatus... Sports Illustrated has been accused of publishing product reviews carrying the bylines of authors who could only be traced back to websites that sell artificial intelligence-generated headshots, tech publication Futurism reports... Popular Science, which shuttered its print edition in 2021, is now pulling the plug on its digital magazine.

Stephens Calls for 'End of Cult of Celebrity' in News Biz

Mon, Nov. 20, 2023

By John O'Dwyer

Bret StephensNew York Times opinion columnist Bret Stephens said that a flourishing and free society needs a news media that understands its humble but essential role of supplying reliable information and analysis during a speech accepting the Daniel J. Edelman award at PRSA-NY's Big Apple Awards Nov. 15.

News Deserts Grow Across U.S.

Mon, Nov. 20, 2023

By Jon Gingerich

NewspapersThe United States has lost an average of 2.5 newspapers per week this year, according to a new report by Northwestern University’s Medill School of Journalism.


Media Maneuvers: NY Times Shatters 10M Sub Mark

Thu, Nov. 9, 2023

By Steve Barnes

NYTThe New York Times shatters the 10M subscriber mark... Vice Media, which went into bankruptcy earlier this year, lays off more staffers... Jezebel, the feminist web site that launched in 2007, has been shut down

Media Maneuvers: Pink Slips Fly at Condé Nast

Wed, Nov. 1, 2023

By Steve Barnes

Conde NastAt Condé Nast this season, the big color is pink—with about 5 percent of the company’s work force set to get pink slips... NewsMatch, which supports independent, public service journalism, is leveraging a $6.3 million investment in order to attract donations to nonprofit news organizations....KKR officially closes its $1.62 billion all-cash deal with Paramount Global for Simon & Schuster.

Israel-Hamas War Takes Toll on Journalists

Fri, Oct. 27, 2023

By Kevin McCauley

CPJThe Committee to Protect Journalists reports that 27 journalists have been killed since Hamas launched its attack on Israel on Oct. 7.

Fewer Americans Follow the News

Wed, Oct. 25, 2023

By Jon Gingerich

NewspapersAmericans are consuming less news than they were just several years ago, according to a recent Pew Research Center survey.

Lack of Trust in U.S. Media Hits Record Low

Tue, Oct. 24, 2023

By Jon Gingerich

GallupFour in 10 Americans say they’ve lost any confidence that the U.S. media reports the news in a fair and accurate way, according to a Gallup survey.

Media Maneuvers: Fortune's Murray Calls it Quits

Thu, Oct. 5, 2023

By Steve Barnes

Alan MurrayFortune CEO Alan Murray is stepping down at the end of April 2024... Campbell Brown, who has been the face of the news business at Meta since coming on as Facebook VP of global news partnerships in 2017, is exiting the company... TIME promotes Kiasia Truluck to director, communications.