The Trump re-election campaign today banned Bloomberg News from covering its rallies and events, a retaliatory move against the media outlet’s decision not to cover the race for the Democratic nomination, which includes Mike Bloomberg.
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Brad Parscale, Trump’s campaign manager blasted Bloomberg for its “preferential” reporting policies.
"Bloomberg News has declared that they won’t investigate their boss or his Democrat competitors, many of whom are current holders of high office, but will continue critical reporting on President Trump,” he said in a statement. “At President Trump’s campaign, we are accustomed to unfair reporting practices, but most news organizations don't announce their biases so publicly."
Parscale added that the campaign will determine whether to engage with individual reporters or answer inquiries from Bloomberg News on a case-by-case basis.
Bloomberg News is unruffled by Parscale's decision. John Micklethwait, editor-in-chief, said his organization has covered Trump in a fair and unbiased way and will continue to do so, despite the restrictions imposed by Parscale.
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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