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| Lauren Petterson |
Lauren Petterson has been named president of FOX Business Network. Petterson has been with Fox since 2008, most recently as senior vice president of morning programming and talent development. She has also overseen “Fox & Friends” for the past 11 years. Before coming to Fox, Petterson served as an executive producer at both CBS News and WPIX-TV in New York. In addition to her new role, she will continue to oversee talent development. Petterson succeeds Brian Jones, who helped launch FOX Business Network in 2007, and took over as president when Bill Shine left in 2017. Fox gave no reason for Jones’s departure.
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| Richard Gingras |
Google has made changes to its search guidelines that the company says will prioritize original reporting and make it more visible online. “While we typically show the latest and most comprehensive version of a story in news results, we’ve made changes to our products globally to highlight articles that we identify as significant original reporting,” Google vp, news Richard Gingras wrote in a Sept. 12 blog post. “Such articles may stay in a highly visible position longer.” The new guidelines will also give a higher profile to news sources that have a strong reputation for original reporting. The announcement comes as Google, along with Amazon, Apple and Facebook are receiving increasing scrutiny from the US government. According to MediaPost, leaders of the House Judiciary Committee and its subcommittee on antitrust have sent letters to Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg, Google Founders Larry Page and Sergey Brin, as well as former Google Chairman Eric Schmidt requesting information regarding antitrust concerns.
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A recently released report from Northwestern University’s Medill School of Journalism looks at the problems facing local news and picks the brains of 54 media executives to find some possible solutions to those problems. The Medill News Leaders Project 2019 is part of the school’s attempt to find the markers of success for local news outlets and to provide supporting data for what they call “Market-Based Opportunities in Local News Innovation.” The executives offering their opinions include senior vice president of news at Gatehouse Media Bill Church, Washington Post director of strategic initiatives Jeremy Gilbert and Vox Media publisher Melissa Bell. Among the takeaways: transitioning to a user-pay model is seen as a key method to develop a sustainable business model for local news; local TV is almost certainly going to see the same kinds of disruption that have faced print media; and nonprofit news organizations are experimenting with promising new revenue models that include philanthropic support. To read the full report, click here.
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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