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RT America, part of Moscow-based media company RT (formerly known as Russia Today), is getting ready for the 2020 election by hiring additional staff in the US, according to the New York Post. A quick search on LinkedIn shows that the company is looking to fill positions including news correspondent, newscast producer and digital media specialist—all to be based in the company’s Washington, DC bureau. Igor Ogorodnev, the Web editor-in-chief for the company in the US, told the Post that the recruitment drive is “an expansion and an upgrade.” A Post source who responded to an ad for one of the positions was allegedly told by Ogorodnev that he was interested in such stories as the “rumor” that COVID-19 deaths are being exaggerated by US media outlets. He also specified “no anti-Trump coverage… We’re not the Washington Post.”
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Traditional pay TV is taking a big hit from the coronavirus crisis. A report from independent research firm MoffettNathanson says that subscriptions to pay TV services fell by 1.8 million in the first quarter, which it says is the biggest quarterly drop ever recorded. The percentage of U.S. households with pay TV service sits at 63 percent—the lowest number since 1995. The report adds that satellite services were particularly hard hit, down by 1 million for the third quarter in a row. But things are tough for cable operators too, with 600,000 cutting the cord during the first quarter. “With sports off the air, and with the pain of the tsunami of unemployment just beginning to hit as the quarter ended, all these numbers will get worse in the second quarter," the report said.
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TIME for Kids, a weekly magazine for elementary school students, has launched a Spanish language digital edition, with new digital editions in additional languages planned in the coming weeks. This marks the first time that that the publication has been available in any language other than English. TIME for Kids in Spanish is available globally through the TIME for Kids free digital library, launched in March, which brings the previously classroom-only publication to homes. The company says that the digital library is part of its effort to support teachers, families and students around the world who are dealing with school closures due to the coronavirus pandemic.
Fox Corp. reports fiscal Q3 revenues plummeted 15.4 percent to $3.4B from the year ago period that included the broadcast of advertising-rich Super Bowl LVII.
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.
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