 Trey Gowdy |
Trey Gowdy, the former chairman of the House Oversight and Government Reform Committee, has signed on to provide political and legal analysis on Fox News and the Fox Business Network. Gowdy is the latest in a long line of former legislators to snag broadcasting jobs in the wake of the midterm elections. Earlier this week, former Republican senator and vocal Trump critic Jeff Flake were enlisted as an on-air personality for CBS. Mia Love, who represented Utah's 4th congressional district, and former Ohio governor John Kasich, both also Republicans, will appear on CNN, while recently ousted Democratic senator Claire McCaskill is heading for NBC News and MSNBC. CNN is also bringing on Andrew Gillum, a Democrat who failed in his attempt to be elected governor of Florida.
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Popular Mechanics is exiting the Hearst Building in Manhattan for a less high-profile address: Easton, PA, about 70 miles west of its current digs, a report in the New York Post says. The move is part of a wave of cost-cutting at Hearst. The magazine’s current editor, Ryan D’Agostino, is remaining in New York City and taking on the title of director of special projects. The editor-in-chief spot in the new Easton offices will be filled by Alexander George, who was previously technology editor. While a memo sent out last week by Hearst president and CEO Steven Swartz said that Hearst’s magazine division still generates a profit for the company, the Post’s source said that the division’s 2018 profits of $265 million represented a drop from the 2017 figure.
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Condé Nast is launching Vogue Business, a website and newsletter that will cover the business of the fashion industry. The new title will be overseen by Vogue International president Wolfgang Blau—not Vogue editor-in-chief Anna Wintour. It will be edited by Lauren Indvik, who was previously head of news and features at Vogue International. Indvik will head up an independent editorial team in London, where Vogue Business will operate as a wholly separate entity. Vogue Business is the first product to come out of what Condé Nast is calling the "incubator," a division which develops new products and services for the company.
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.
