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| Kelli Raftery |
VicaomCBS executive vp corporate communications Kelli Raftery is leaving, effective April 6. Raftery’s exit is the latest in a stream of departures from the company formed by the 2019 merger of Viacom and CBS. It follows the March 2 announcement that CBS communications chief Dana McClintock, who was Raftery’s boss, is leaving later this year. Raftery, who spent 20 years at CBS, led overall media relations and communications strategy for CBS. According to a report in Variety, ViacomCBS raised its cost savings target from the merger from $500 million to $750 million.
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| Anna Wintour |
The coronavirus has taken its toll among several of the top figures in fashion media. A report in the New York Post says that Vogue editor-in-chief Anna Wintour, Elle editor-in-chief Nina Garcia and InStyle editor in-chief Laura Brown are all in “self-imposed quarantines” since they returned from Milan Fashion Week. The report adds that overall, about 30 people from the three companies that publish the titles are in self-imposed quarantine.
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| Bruce Dold |
Chicago Tribune publisher and editor Bruce Dold, who has been with the paper for 42 years, is being replaced as editor of the paper by Tribune Publishing chief content officer Colin McMahon. No replacement has been named to fill the publisher position, but McMahon will report to Chicago Tribune Media Group general manager Par Ridder, according to a memo sent to staffers from Tribune CEO Terry Jimenez, who took over from Timothy Knight earlier this month. McMahon will also continue as chief content officer, as well as retaining oversight of Tribune Content Agency’s editorial team. In addition, Peter Kendall, a 32-year Tribune vet who was of the paper’s two managing editors, is also exiting the company. The moves all follow hedge fund Alden Global Capital’s acquisition of a 32 percent stake in Tribune Publishing last year.
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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