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The Zagat restaurant guide for New York City is back in print for its 2020 edition. Google, which purchased the guide for $151 million in 2011, discontinued its print version in 2016. Google sold it to online guide and ratings platform The Information last year. The Information chief executive Chris Stang said that the decision to start printing the guide again followed many requests from its followers. In addition to readers, Peter Luger Steak House should welcome back the guide, nabbing a spot as one of the three most popular restaurants—a big step up from its recent zero-star review in the New York Times. Also coming back in the 2020 guide is the rating system used by Tim and Nina Zagat, the guide’s originators. According to the Times, there are no set plans to bring the guide back for other cities.
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The Atlantic has released a new, subscriber-only version of its app. While the app is free to download, a paywall will kick in as soon as readers click on a story. On The Atlantic’s website, which relaunched its subscription service on Sept. 5, there is a five-article grace period before the paywall kicks in. And while subscriptions to the website are only available on an annual basis, app readers will be able to subscribe on a month-to-month basis. Andrew Phelps, the company’s senior director of product, told tech site Digiday that it is initiating its new subscription model with the app because it is “a more personal and habit-forming platform.”
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Bustle Digital Group has laid off at least 10 staffers and contributors at Bustle, its digital women’s publication. According to a report in Variety, the layoffs are due to a restructuring at the company. Layoffs also hit BDG earlier this year when it axed five staffers from science and business entertainment site Inverse after acquiring it, as well as getting rid of the entire staff of Gakwer after when its proposed relaunch was called off. The new round of layoffs comes as the company prepares for what it says is a major site relaunch in early 2020, which it says will include “several marquee hires.”
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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