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| Michael Bloomberg |
Michael Bloomberg’s campaign says that if Bloomberg is elected president, he plans to sell Bloomberg LP as well as releasing his tax returns. In an interview with CNN’s Christiane Amanpour, campaign adviser Tim O’Brien said: "there will be no confusion about any of his financial holdings blurring the line between public service and personal profiteering." Bloomberg has come under fire from several of his competitors in the campaign over his finances, with much of the controversy stemming from the estimated $400 million Bloomberg has spent on advertising. According to the Financial Times, Bloomberg owns 88 percent of the financial data company he founded in 1981. With around 325,000 subscribers paying $24,000 a year for its services, the company raked in about $10.5 billion in revenue last year, up 5.7 percent over the previous year, the FT reported.
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| Andrew Yang |
Andrew Yang has signed on as a political commentator for CNN following his exit from the race for the Democratic presidential nomination after his poor showing in the New Hampshire primary. Yang’s first appearance on the network will be during the Feb. 19 debate in Las Vegas. “Will be on @CNN tonight to talk about the debate!” Yang said in a Tweet. “Maybe I’ll wear a tie.” Most of the attention that his campaign received stemmed from what was known as the Freedom Dividend, a guaranteed $1,000 per month universal basic income.
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While American Media’s sale of The National Enquirer to Hudson News chief executive Jimmy Cohen, remains on hold, the company has unloaded its stable of fitness-related magazines, according to a report in the New York Post. Those titles include Muscle & Fitness, Flex and Muscle & Fitness Hers—all of which will transition to digital-only publications. The deal also entails the company’s bodybuilding trade show business. The buyer is Jake Wood, owner of the women’s bodybuilding show Wings of Strength. A source close to the sale told the Post that the price tag for the deal was approximately $70 million.
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.
USA TODAY brings on Jamie Stockwell as VP of news, effective March 30. Stockwell was most recently deputy managing editor of news for the Washington Post... YouTube expands its likeness detection capabilities to a pilot group of government officials, journalists and political candidates... The AP Fund for Journalism adds 50 news organizations to its local news program, bringing the total number of participating newsrooms to 100. 
