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Newsday has sold amNewYork, its free commuter paper, to Schneps Media, according to the New York Post. Schneps started life as the Queens Courier in 1985, and now operates 33 weekly newspapers and 28 magazines in the New York metropolitan area including the Bayside Times, The Villager and Long Island Press. Schneps Media CEO Joshua Schneps told the Post that the company intends to keep on publishing the paper. amNewYork was launched in 2003, and a statement from Newsday says that it is Manhattan’s highest daily circulation newspaper and has almost 1 million unique visitors to its website each month. Newsday publisher Debby Krenek said that the company will now double down on its Long Island focus as well as continuing to expand its multimedia products and platforms.
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| Todd Starnes |
Fox News has did not renew the contract of radio host and commentator Todd Starnes in the wake of comments he made about Democrats on his radio program Sept. 30, according to a report on The Wrap. During an interview with right-wing pastor Robert Jeffries, Starnes said he has no doubt that Democrats “want to especially go after and target Christians in America.” He also agreed with Jeffries’ assertion that Democrats may possibly worship the demon god Moloch. A source with knowledge of the situation said that the termination of Starnes' contract was in the works well in advance of those comments. Starnes is also known for having told Rep. Ilhan Omar (D-MN), one of the first Muslim women elected to Congress, to take a “one-way plane ticket back to whatever third-world hellhole you came from.” In addition to his Fox News Radio show and “Starnes Country,” a program that appeared on the streaming service Fox Nation, Starnes contributed opinion pieces to FoxNews.com. His radio show "Fox News & Commentary" will be replaced by "Fox Across America.”
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| Rich Barbieri |
Rich Barbieri is joining the New York Times as deputy business editor. Barbieri comes to the Times from CNN, where he has been since 2007, most recently serving as executive editor of CNN Business. In that position, he oversaw a global team of about 50 reporters and editors covering companies, economics, technology, media, markets and the workplace. Before his stint at CNN, he was managing editor at Crain’s New York Business. Barbieri has also been news editor for AP’s New York City bureau and has worked as an editor and writer at American Lawyer Media. His remit at the Times is to help the paper attain its digital and storytelling goals as it expands its business coverage.
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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