 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.
Underscore Media, a new creator-led media venture dedicated to New York sports, is built around three established New York sports personalities, Sal Licata, Jimmy Traina, and John Jastremski.
McClatchy, which owns 29 daily papers across 14 states (including The Miami Herald, Sacramento Bee and Kansas City Star), launches a wave of layoffs that extends to at least 13 of those papers... The Toledo Blade, which was founded in 1835, is set to shut down on Dec. 31, unless owner Block Communications manages to find a buyer for it... A bill awaiting approval by California governor Gavin Newsom would give local newsrooms a boost. 
Fox News Media issued a pretty sparse release to announce the departure of one of its stars. “Effective today, Maria Bartiromo is no longer with FOX News Media,” it reads.
Brunswick Group partner John Simons has joined CNN as senior director of business & media. He held top jobs at Time and the Wall Street Journal.
WNET, the nation’s largest public media company, names Edward O’Keefe its next president and CEO, effective September 21. O’Keefe succeeds Neal Shapiro, who becomes president emeritus and will retire at the end of the year... The Stealth Bot Prohibition Act, which would empower news publishers and other content providers to defend themselves by mandating transparency for all bots crawling their sites, in introduced in the House by Rep. Laurel Lee (R-FL) and Rep. Valerie Foushee (D-NC)... Google gets socked by European Union regulators with a $1 billion fine for using the platform’s dominance as a search engine to illegally undercut competition.
