 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 & 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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