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| Keith Grossman |
Keith Grossman, a former chief revenue officer at Bloomberg Media, will become president of Time magazine on July 22.
Ed Felsenthal, Time CEO/editor-in-chief, credits Grossman for growing Bloomberg's revenues “strongly and consistently,” reaching a 16 percent annual clip across print, video, digital and event platforms in 2018.
In his earlier 12-year stint at Conde Nast, Grossman bolstered Wired’s revenue and launched its tablet edition. Wired became the first Conde Nast brand to generate more than 50 percent of revenues from digital, according to Felsenthal’s note to staffers.
Most recently, Grossman was at Engine, a marketing/tech company.
Salesforce founder Marc Benioff and his wife, Lynn, own Time, which they bought from Meredith for $190M.
The Walt Disney Company and OpenAI reach an agreement that will make a set of more than 200 animated, masked and creature characters from Disney, Marvel, Pixar and Star Wars available for use by Sora, OpenAI’s short-form generative AI video platform... CBS News editor-in-chief Bari Weiss has moved Tony Dokoupil, a co-host at “CBS Mornings” since 2019, into the anchor’s chair for the “CBS Evening News,” following the departure of John Dickerson and Maurice DuBois... USA Today editor-in-chief Caren Bohan has left the paper.
Michael Kaminer, who was responsible for the Observer’s “Power List” for the past 13 years, has cut ties with the publication... The New York Times Company continues the march toward its goal of 15 million subscribers by the end of 2027... The John D. and Catherine T. MacArthur Foundation is providing more than $6 million in funding to eight organizations working to address the challenges local news and information environments face along the U.S.-Mexico border.
Conservative outlets Fox News, Newsmax and the Daily Caller are holding back from signing Pete Hegseth’s edict restricting press access in the Pentagon... CBS News sees the first executive departure of the Bari Weiss era as head of standards and practices Claudia Milne exits... Indiana University shuts down the print version of The Indiana Daily Student.
Rothschild family plans to unload 26.7 percent stake in The Economist... STAT, a digital media company that focuses the life sciences, brings back Damian Garde, who anchored its biotech newsletter and podcast from 2016 to 2024... High Times officially resumes print publication (following its 2024 shutdown) with the release of a limited-edition, collectible 50th anniversary issue. 
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