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| Troy Young |
Hearst Magazines global president Troy Young resigned July 23 in the wake of a New York Times story alleging that he created a toxic environment at the company and sexually harassed some of its workers. Young initially apologized in a staff memo, but said that the incidents described in the Times story “are either untrue, greatly exaggerated or taken out of context.” A subsequent memo from Hearst president and chief executive Steven Swartz announced that “Troy Young and I have agreed that it is in the best interest of all of us that he resign his position as president of Hearst Magazines, effective immediately.” Young joined Hearst in 2013 as head of the company’s digital operations. He was named global president in August 2018, succeeding David Carey, who later returned to the company as senior vice president of public affairs and communications.
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| Nicholas Sandmann |
The Washington Post has settled the lawsuit brought by the parents of Nicholas Sandmann, the Kentucky high-school student who they say was defamed by the paper’s coverage of his encounter with Native American activist Nathan Phillips on the steps of the Lincoln Memorial in January 2019. In the aftermath of the incident, the encounter was cast in political terms, partly due to the MAGA hats worn by Sandmann and some of his classmates. Sandmann later said he meant no disrespect to Phillips and claimed he did not try to block his path. The family claimed that the Post defamed Sandmann in seven articles, as well as via tweets promoting the articles. The Post admitted no wrongdoing. Neither side disclosed the terms of the settlement, which foreclosed the possibility of a trial. The Sandmann's settled a lawsuit against CNN in January, and they have also filed suits against Gannett, ABC, CBS, the New York Times and Rolling Stone.
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The New York Times Company is acquiring Serial Productions, the company that produces the “Serial” podcast. Serial Productions will still commission and edit its own stories. The Times also announced that it had entered into an ongoing creative and strategic alliance with “This American Life,” the weekly public radio program founded by host and executive producer Ira Glass, under which the program will collaborate on content with Serial Productions and on marketing and advertising sales with the Times. “We feel confident the ‘Serial’ and ‘This American Life’ teams share our desire to continue to find groundbreaking ways to tell stories, grow listenership and help more and more people better understand the world,” said Times assistant managing editor Sam Dolnick, who oversees the company’s audio content.




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.
Versant Media Group, the NBCUniversal cable TV spin-off, today reported its first financial results as 2025 revenues dipped 5.3 percent to $6.7B and standalone EBITDA dropped 9.1 percent to $2.2B.
Trump Media & Technology Group is discussing a spin-off of the Truth Social platform following the expected closing of its $6B merger deal with TAE Technologies... Condé Nast sells off Them, the digital LGBTQ-focused platform it launched in 2017, to Equalpride, publisher of Out, The Advocate, Out Traveler, Health PLUS Wellness and Pride.com... CBS News has parted ways with longevity influencer Peter Attia, one of the 19 contributors that editor-in-chief Bari Weiss brought on as part of her plan to present a wider variety of voices on the platform. 



