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| Klayton Fennell |
Klayton Fennell, Comcast’s liaison to the LGBTQ community, has filed suit against the company, claiming he was a victim of prejudice, the Philadelphia Inquirer reports. In the lawsuit Fennell, who has been with the company since 2002 and was named a senior vice president in 2015, says he was passed over for promotions “because of his sexual orientation and because he does not conform to gender-based stereotypes.” Fennell said that when he asked for his salary to be in-line with others holding the same job title, he was told that senior leadership viewed him as “high pitched.” At one point, he said he was encouraged to take a demotion and a transfer to San Francisco, where he would better fit in. Comcast says it will vigorously defend itself against the claims. “At no time during Klay Fennell’s long career at Comcast has he been discriminated against or been the subject of wrongful treatment,” a Comcast statement said.
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Just days after shuttering Family Circle, Meredith has sold the Money magazine brand to Ad Practitioners, LLC, a media and advertising startup based in Puerto Rico and run by former Google sales exec Gregory Powel, according to a report in Folio. Meredith discontinued the print edition of the magazine earlier this year, and the company subsequently said it would invest in Money.com rather than selling it. Money’s 14 staffers are still employed by Meredith, but by Jan. 31, 2020, at the latest, they are to transition to Ad Practitioners. Ad Practitioners currently operates a network of websites, including ConsumersAdvocate.org, which offers reviews of consumer products, and admits to sometimes giving preferential treatment to advertisers.
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| Christopher Beha |
Harper’s Magazine has named Christopher Beha editor of the 169-year-old monthly, effective Oct. 28. Ellen Rosenbush, who has been serving as editorial director since the departure of former editor James Marcus last year, will continue to contribute to the magazine as editor-at-large. According to a report in the New York Times, Marcus said he was fired by Harper’s publisher John R. MacArthur after a dispute centering on the magazine’s publishing of a cover story over Marcus’s objections. The previous editor, Christopher Cox, only lasted three months in 2016. Beha has been with Harper’s since 2008, starting out as an editorial intern. He has served as executive editor since 2014. Harper’s print circulation has been on a downward path recently, dropping from more than 117,000 three years ago to under 100,000 for the first half of 2019, according to numbers from the Alliance for Audited Media.
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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