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| Andrew Lack |
NBC News chairman Andrew Lack is leaving the company at the end of May. Following his departure, Telemundo chairman Cesar Conde will become chairman of NBC Universal News Group, which will encompass NBC News, MSNBC and CNBC. Lack had served as president of NBC News in the 1990s, leaving the network for stints as chairman and CEO of Sony Music Entertainment and CEO of Bloomberg’s media group. He returned to NBC in 2015, and while his stewardship of MSNBC and such iconic NBC properties as “Today” and “Meet the Press” has been generally successful, his second stint at the network has also been marked by such controversies as Matt Lauer’s departure from “Today” after sexual harassment claims as well as assertions by Ronan Farrow that NBC suppressed his reporting about Harvey Weinstein. NBC News president Noah Oppenheim and MSNBC president Phil Griffin will remain with the network, reporting to Conde.
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| Almar Latour |
Dow Jones has named Almar Latour chief executive of the company, as well as publisher of the Wall Street Journal, effective May 15. Latour, who succeeds William Lewis, is currently an executive vice president at Dow Jones and publisher for Barron’s Group, includes Barron’s, MarketWatch, Dow Jones Wealth and Asset Management Group, Mansion Global, and Financial News. His other positions with the company have included executive editor, editor-in-chief Asia and managing editor at WSJ.com. In February, News Corp announced that the Journal had more than two million digital subscriptions. Overall, Dow Jones digital-only subscribers grew 17 percent in 2019.
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| Diamond and Silk |
Diamond and Silk, the two North Carolina sisters who made a name for themselves with their pro-Trump commentaries on Fox News and its streaming outlet Fox Nation, are no longer appearing as part of the network’s programming, according to a report on The Daily Beast. While Fox has made no public comment about their future on the network, the pair have not put out an episode of their weekly Fox Nation program since April 7. (Earlier episodes, however, are still available for streaming on the platform.) Diamond and Silk have drawn negative attention over the past weeks for their comments on the coronavirus crisis, claiming, among other things, that the number of people reported to have died from the disease was inflated to undermine Trump, and that the virus is “something that was man-made.” Their biggest supporter remains firmly in their corner, however. “I love Diamond & Silk, and so do millions of people!” the Tweeter-in-chief posted last week.
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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