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Condé Nast, facing losses that the New York Times says amounted to $120 million last year, is preparing to put three of its titles—Brides, W and Golf Digest—up for sale. Condé Nast CEO Robert A. Sauerberg, Jr. is scheduled to discuss the company’s plans with senior staff members on Aug. 8. After shutting down Details as well as the print editions of both Self and Teen Vogue, with a resultant loss of 80 employees, the publisher is now considering an additional series of cost-cutting moves to stem the flow of red ink. According to the Times, it is planning to lease six of the 23 floors that it occupies at 1 World Trade Center, where it has been headquartered since 2015. In addition, the company has already combined the research and photo departments of several of its magazines. While such titles as The New Yorker, Vanity Fair and Vogue are said to be safe, rumors have circulated about the departure of Vogue editor-in-chief Anna Wintour. The company says those rumors are false.
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National Geographic Partners is eliminating the positions of Rachel Webber, executive vice president of digital; Rosa Zeegers, executive vice president of consumer products and experiences; and Laura Nichols, executive vice president and chief communications officer. Webber will be remaining with NGP as a strategic partner, while Zeeger and Nichols will be leaving the organization. National Geographic Partners is the division created through a strategic partnership between the National Geographic Society and 21thCentury Fox Television. NGP’s global communications team will now become part of a marketing, communications, research, data and insights team to be led by Jill Cress, while the digital unit will be subsumed by NG Media, which will be responsible for both print and digital platforms. NG Media will be co-led by current National Geographic magazine editor-in-chief Susan Goldberg and general manager of digital David Miller.
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Newsroom employment dropped 23 percent from 2008 to 2017, according to a Pew Research Center analysis of Bureau of Labor Statistics Occupational Employment Statistics survey data. In 2008, according to the survey results, there were about 114,000 newsroom employees – reporters, editors, photographers and videographers – across newspaper, radio, broadcast television, cable and “other information services” in the U.S. By 2017, that number was about 88,000. Most of that decline, the survey concluded, is due to job losses at newspapers, which lost 32,000 newsroom workers during that time period. The number of digital-native newsroom employees, on the other hand, increased by 79 percent, from about 7,400 workers in 2008 to about 13,000 in 2017—not nearly enough to make up for the losses at newspapers. The drop in newspaper newsroom employment also means that industry now accounts for a smaller portion of overall newsroom workers. In 2008, about six in ten (62 percent) of all newsroom employees worked at newspapers. By 2017, they made up only 45 percent.
Trump Media and Technology Group Corp. has replaced CEO and former California Congressman Devin Nunes with Kevin McGurn, a seasoned media sales executive.
The Pittsburgh Post-Gazette is being bought by the Venetoulis Institute for Local Journalism, a nonprofit that is the parent organization of the Baltimore Banner... The British Broadcasting Corporation is axing approximately 2,000 jobs, about 10 percent of its work force... Snap, the company behind Snapchat, is also succumbing to layoff fever, announcing plans to lay off 16 percent of its employees, about 1,000 people.
CBS News Radio will go off the air on May 22, part of the axe-swinging managerial plan put into play by CBS editor-in-chief Bari Weiss... The Economist, which was first published in 1843, is changing hands. Canadian billionaire Stephen Smith has agreed to acquire a 26.9 percent stake in the publication from Lady Lynn Forester de Rothschild, her family and family foundation... Nexstar Media Group says it has closed its acquisition of TEGNA, the broadcast, digital media and marketing services company that was formed in 2015, when the Gannett Company split into two publicly traded companies.
USA TODAY brings on Jamie Stockwell as VP of news, effective March 30. Stockwell was most recently deputy managing editor of news for the Washington Post... YouTube expands its likeness detection capabilities to a pilot group of government officials, journalists and political candidates... The AP Fund for Journalism adds 50 news organizations to its local news program, bringing the total number of participating newsrooms to 100. 
Versant Media Group, the NBCUniversal cable TV spin-off, today reported its first financial results as 2025 revenues dipped 5.3 percent to $6.7B and standalone EBITDA dropped 9.1 percent to $2.2B.
