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The COVID-19 pandemic has led to a surge in news consumption, but the economic impact of the crisis has also devastated the publishing industry, as companies affected by the outbreak scale back their advertising budgets. Already, widespread layoffs have shaken the media world this week, leaving many publishers to wonder if they’re next.
Former New York Times reporter/editor Alan Finder dies of coronavirus. He was 72... Esquire, which is owned by Hearst Magazines, is cutting its print circulation from eight issues a year to six... Comcast, owner of NBCUniversal, to take major hit from postponement of Tokyo Olympics... Sports journalism ad-free website The Athletic knocks down paywall as it struggles with suspension of pro sports leagues.
Playboy’s Spring 2020 issue, set to hit newsstands this week, will be its final print issue of the year as it goes digital in 2021... Sacramento News & Review shutters for now as it hopes to ride out pandemic... European Union asks Netflix to limit streaming of its films and TV series to standard definition during COVID-19 crisis.
The coronavirus pandemic has resulted in an explosion of web traffic to sites owned by online news publishers, according to recent media analysis data.
Literally every member of the press who participated in a recent reporter survey—100 percent—cited email as the best way for PR pros to get in touch with them.
Twitter outpaces all other social networks among journalists surveyed by Muck Rack. However, online magazines and newspapers are still the dominant digital source when it comes to where journalists go to get their news.
The ongoing coronavirus outbreak has become such a popular topic in the news that it recently outpaced mentions of Donald Trump, according to a report by Cision.
James Murdoch, son of News Corp founder Rupert Murdoch, is investing in a start-up accelerator aimed at supporting tech companies that want to fight fake news and develop a “more sustainable news ecosystem.”
A fifth of Americans get their political and election news only from media outlets with likeminded views, according to analysis recently released by the Pew Research Center.
ViacomCBS executive vp Kelli Raftery follows ex-boss Dana McClintock out the door... Coronavirus hits the fashion media... Chicago Tribune replaces publisher and editor Bruce Dold.
Dana McClintock, a 27-year veteran of CBS Communications, is departing his executive VP post June 30 with the completion of the ViacomCBS merger.
Men's Journal axes editorial staff... Fox Corp. looks to acquire Tubi, ad-supported streaming service... Los Angeles Times and San Diego Union-Tribune offer voluntary buyout packages.
President Bloomberg promises to sell Bloomberg LP, which has $10.5B in 2019 revenues... Andrew Yang signs on as CNN commentator... American Media unloads Muscle & Fitness, Flex and Muscle & Fitness Hers
A Folio survey of media company CEOs suggests that many publishing executives anticipate growth in both revenues and audiences this year.
Google is talking with publishers about paying for their content, which the search engine has long monetized... ViacomCBS slates two rounds of layoffs as it tries to achieve $500M in cost-savings from the merger... Dennis Publishing is launching a version of its newsweekly The Week aimed at children from 8 to 14. (1 reader comment)
Hearst Newspapers has invested in The Martin Group, the Buffalo-based integrated communications shop.
Meredith Corporation has elected former BCW global chair Donald Baer lead independent director... New Tribune Publishing chief Terry Jimenez swings the cost-cutting ax... TV still dominates as top "screen" to watch Super Bowl.
The New York Times Co. reported a 4.4 percent rise in 4Q operating profit to $78M on a 1.1 percent spurt in revenues to $508.4M.
Tribune Publishing CEO Timothy Knight steps down and chief financial officer Terry Jimenez takes the reins... HOLA!USA says farewell to print publishing... George Cheeks replaces Joe Ianniello as CEO of CBS Entertainment Group.
The BBC is getting rid of 450 newsroom employees and will shift two-thirds of remaining staff outside of London by 2027... Craig Newmark Philanthropies is donating $1 million to ProPublica to support the organization’s Electionland collaboration and related national and local reporting on voting issues around the 2020 U.S. elections... BuzzFeed editor-in-chief Ben Smith is heading to the New York Times as the paper’s media columnist.
Lee Enterprises is buying Berkshire-Hathaway’s newspaper group of 30 dailies that is spearheaded by The Buffalo News for $140M in cash.
Jim Rich, former New York Daily News editor-in-chief, seeks to revive Deadspin... Meredith Corporation unloads fan-focused sports and entertainment site FanSided to Minute Media... Bill Abbott, CEO of Crown Media Family Networks (owner of the Hallmark Channel), is stepping down after 11 years in the position and in the aftermath of the gay wedding ad flap.
Billboard-The Hollywood Reporter Media Group is unloading Spin and Stereogum, two of its music publications. The two were acquired, along with Vibe, from SpinMedia in 2016... Harper’s Bazaar editor-in-chief Glenda Bailey is stepping down after an almost 20-year run at the Hearst property... NBCUniversal unveiled its Peacock streaming service on Jan. 16. The new service will be available for subscribers to Comcast’s Xfinity X1 and Flex services on April 15.
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