 |
The entire editorial staff of Men’s Journal is getting the ax, according to a report in the New York Post. American Media, which has owned the publication since 2017, will be merging its editorial operations with those of the Carlsbad, CA-based Adventure Sports Network, which it acquired last year. The magazine will cut its frequency from 10 issues a year to six, and will drop its circulation from 1.25 million to 1 million. The Men’s Journal ad staff will remain in New York. An American Media spokesman told the Post that the move “ensures the continued growth and success for Men’s Journal.”
 |
Fox Corp. is looking into acquiring advertiser-supported streaming service Tubi, according to the Wall Street Journal. The Journal report says that Tubi, which claimed to have 25 million monthly active users in December, could fetch a price of more than $500 million. Fox would be the latest media company to get into the ad-supported streaming game. Before merging with CBS, Viacom picked up Pluto TV, while Comcast is said to be negotiations to buy Xumo. NBC’s Peacock streaming service also includes an ad-supported option. The ad-supported services are seen as a way for these media companies to both broaden their reach and hopefully provide an additional ad revenue stream.
 |
The California Times, the company that owns both the Los Angeles Times and San Diego Union-Tribune, announced on Feb. 19 that it is offering voluntary buyout packages to employees who have worked at the company for last two years. Staffers were told that the company is not planning for any layoffs, according to a report on CNN Business. “We need to move swiftly to make our product more digital, more nimble, and more attractive to loyal and new audiences,” a company internal memo said. “Buyouts will help us accelerate that process.” Biotech billionaire Dr. Patrick Soon-Shiong assumed control of the papers in June 2018 from Tribune Publishing (then known as tronc). Times employees voted to form a union in January 2018 and ratified their first contract in October.
Michael Kaminer, who was responsible for the Observer’s “Power List” for the past 13 years, has cut ties with the publication... The New York Times Company continues the march toward its goal of 15 million subscribers by the end of 2027... The John D. and Catherine T. MacArthur Foundation is providing more than $6 million in funding to eight organizations working to address the challenges local news and information environments face along the U.S.-Mexico border.
Conservative outlets Fox News, Newsmax and the Daily Caller are holding back from signing Pete Hegseth’s edict restricting press access in the Pentagon... CBS News sees the first executive departure of the Bari Weiss era as head of standards and practices Claudia Milne exits... Indiana University shuts down the print version of The Indiana Daily Student.
Rothschild family plans to unload 26.7 percent stake in The Economist... STAT, a digital media company that focuses the life sciences, brings back Damian Garde, who anchored its biotech newsletter and podcast from 2016 to 2024... High Times officially resumes print publication (following its 2024 shutdown) with the release of a limited-edition, collectible 50th anniversary issue. 
CBS News is set to hand over its reins to The Free Press co-founder Bari Weiss as Paramount acquires her site for $155M... C-SPAN comes on board as an official media partner of the U.S. Semiquincentennial Commission, which is charged by Congress to lead the celebration of the 250th anniversary of the signing of the Declaration of Independence... A new Gallup survey says that the level of trust that US audiences have in the media has hit a new low.
Paramount Skydance CEO David Ellison has named Kenneth Weinstein, former head of the conservative Hudson Institute, as ombudsman for CBS News.
