 Paul Ryan |
Former House Speaker Paul Ryan has joined the board of the slimmed-down Fox Corp. as it completes the sale of the bulk of its entertainment assets to Walt Disney Co.
In announcing the appointment, Fox lauded Ryan for his role in spearheading "efforts to revise the tax code, rebuild national defense, expand domestic energy production, combat the opioid crisis and reform the criminal justice system."
Prior to his election as Speaker, Ryan chaired the House Ways and Means Committee and Budget Committee.
He was VP candidate for Mitt Romney's presidential run.
Chase Carey, CEO of Formula 1, is joining Ryan on the Fox board. He's the former vice chairman and president & CEO of 21st Century Fox.
Rupert Murdoch's son Lachlan is chairman/CEO of Fox.
The broadcaster began its life today as a standalone company, trading on the NASDAQ. Share price is currently at $39.65.
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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