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Meredith Corp. continues to tinker with the print frequency and subscription status of several of its titles. Rachael Ray Every Day is going from a 10-issues-per-year subscription status to a quarterly journal that will only be sold on newsstands. The first issue of the quarterly is set to go on sale in January. Current subscribers to the magazine will now receive fellow Meredith title Eating Well. The company is moving in the opposite direction with Coastal Living, which is selling subscriptions again after shifting to a newsstand-only status last year. It says the move is a result of the “resounding consumer demand and success” of the newsstand edition. Meredith is also considering bringing back subscriptions for Cooking Light and Traditional Home, both of which have gone the newsstand-only route.
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Three Ohio newspapers will be going from daily publication to a three-days-a-week schedule as part of Apollo Global Management’s acquisition of Cox TV stations and newspapers, according to a report in the New York Post. The $3.1 billion deal, which was OK’d by the FCC, will require the Dayton Daily News, the Journal-News in Hamilton, OH and the Springfield News-Sun to cut their frequency as a way of getting around FCC rules banning the same owner from running a TV station and a daily newspaper in the same market. The regulation had not previously applied to Cox because the company had started Dayton’s WHIO TV station in 1949 and the rules restricting media consolidation did not go into effect until 1975.
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| Stan Duncan |
Condé Nast has named Stan Duncan as its first global chief people officer, part of a move by the company to consolidate its US and international operations. Former US chief people officer JoAnn Murray is stepping down. Duncan comes to the company from Raymond James Financial, where he served as chief human resources officer. He has also been vice president, global head of human resources for Westfield Group and held similar positions at Aramark, Sterling Chemicals and PPG Industries. His remit at Condé Nast will be to oversee areas including talent acquisition and development, HR technology, workforce planning and strategic business partnering. Condé Nast CEO Roger Lynch said that Duncan’s experience in multiple industries will aid the company “as we work to unify and develop our global team and enter our next phase of growth.”
WNET, the nation’s largest public media company, names Edward O’Keefe its next president and CEO, effective September 21. O’Keefe succeeds Neal Shapiro, who becomes president emeritus and will retire at the end of the year... The Stealth Bot Prohibition Act, which would empower news publishers and other content providers to defend themselves by mandating transparency for all bots crawling their sites, in introduced in the House by Rep. Laurel Lee (R-FL) and Rep. Valerie Foushee (D-NC)... Google gets socked by European Union regulators with a $1 billion fine for using the platform’s dominance as a search engine to illegally undercut competition.
Boston Globe Media acquires InstaTrac, a company that provides subscription-based services aimed at making government information easier to find, track, and understand... AARP names former New Republic CEO and publisher Michael Caruso as its SVP and chief content officer, unifying the organization's portfolio of media, live events and digital platforms... The Fund for American Studies, an educational nonprofit, awards its inaugural Journalism Excellence Fellowships.
Trump Media and Technology Group Corp. has replaced CEO and former California Congressman Devin Nunes with Kevin McGurn, a seasoned media sales executive.
The Pittsburgh Post-Gazette is being bought by the Venetoulis Institute for Local Journalism, a nonprofit that is the parent organization of the Baltimore Banner... The British Broadcasting Corporation is axing approximately 2,000 jobs, about 10 percent of its work force... Snap, the company behind Snapchat, is also succumbing to layoff fever, announcing plans to lay off 16 percent of its employees, about 1,000 people.
CBS News Radio will go off the air on May 22, part of the axe-swinging managerial plan put into play by CBS editor-in-chief Bari Weiss... The Economist, which was first published in 1843, is changing hands. Canadian billionaire Stephen Smith has agreed to acquire a 26.9 percent stake in the publication from Lady Lynn Forester de Rothschild, her family and family foundation... Nexstar Media Group says it has closed its acquisition of TEGNA, the broadcast, digital media and marketing services company that was formed in 2015, when the Gannett Company split into two publicly traded companies.
