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Tribune Publishing chairman and CEO Justin Dearborn has stepped down. Tim Knight, currently president of the company will move to the CEO spot and will join Tribune’s board. David Dreier will assume the chairman role. Dearborn had been chief executive since 2016, when he took over from Michael Ferro, who resigned following allegations of sexual misconduct outside the company. In December, the company terminated negotiations to sell the newspaper chain to the California-based McClatchy Co.
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The Forward, which started out as TheJewish Daily Forward in April 1897, is stopping its print editions. It will continue to produce an English-language and a Yiddish-language edition online. The publication also plans to lay off about 40 percent of its editorial staff — including editor-in-chief Jane Eisner, executive editor Dan Friedman, digital director David Goldiner, design director Kurt Hoffman and vice president of marketing Kathleen Chambard. Started as a Yiddish-language daily, the Forward launched an English-language weekly edition in 1990, which became a monthly magazine in 2017. Over the years, writers at the paper have included Elie Wiesel, Isaac Bashevis Singer, Cynthia Ozick and Phillip Lopate. The Forward says the shift to digital-only is meant to capitalize on its growth among under-35 readers who prefer to read news online. Currently it says that segment amounts to a third of total readers.
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INTO, the news platform launched in August 2017 by gay dating app Grindr, laid off all editorial and social staffers on Jan. 15, according to a statement issued by the site’s editors. Grindr says it is shifting its focus from editorial content to a video-based format. “This decision was driven by the high user engagement and development we see through channels such as Twitter and YouTube,” the company said in a statement to The Wrap. INTO’s editor-in-chief, Zach Stafford, left the site to take the EIC post at The Advocate last year following anti-LGBTQ comments made by Grindr president Scott Chen.
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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