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| Agnes Chu |
Condé Nast Entertainment has hired Disney + senior vice president of content Agnes Chu to serve as the division’s president. Chu has been at Disney since 2008 and before being named to her post at Disney + served as a story and franchise development executive at Walt Disney Imagineering, the company’s research and development arm. Chu succeeds current CNE president Oren Katzeff, who has faced allegations of racism in its video department. According to a report in Variety, Katzeff will take on a new position at the company, though details have not been released. Chu will oversee CNE’s digital video, TV and film division as well as the expansion of its dedicated brand studios for the New Yorker, Wired, GQ, Vogue and Vanity Fair. Condé Nast CEO Roger Lynch said that “her leadership was instrumental to the success of one of the largest media launches in the last decade and we are thrilled for her to join us and help drive the continued growth of our brands and audience.”
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FOLIO: which has covered the magazine industry since 1972, has decided to eliminate its regular industry reporting. In a note on the publication’s website, Access Intelligence group publisher Bill Amstutz said that the Folio brand would continue to exist, with a focus on such aspects of its current business as executive roundtables and the Eddie and Ozzie Awards. “While we are winding down our daily news coverage, we will continue to celebrate our industry’s successes while innovating new ways to highlight achievements and create meaningful connections,” Amstutz said. Access Intelligence purchased Folio as part of its acquisition of Red7Media in 2011.
WNET, the nation’s largest public media company, names Edward O’Keefe its next president and CEO, effective September 21. O’Keefe succeeds Neal Shapiro, who becomes president emeritus and will retire at the end of the year... The Stealth Bot Prohibition Act, which would empower news publishers and other content providers to defend themselves by mandating transparency for all bots crawling their sites, in introduced in the House by Rep. Laurel Lee (R-FL) and Rep. Valerie Foushee (D-NC)... Google gets socked by European Union regulators with a $1 billion fine for using the platform’s dominance as a search engine to illegally undercut competition.
Boston Globe Media acquires InstaTrac, a company that provides subscription-based services aimed at making government information easier to find, track, and understand... AARP names former New Republic CEO and publisher Michael Caruso as its SVP and chief content officer, unifying the organization's portfolio of media, live events and digital platforms... The Fund for American Studies, an educational nonprofit, awards its inaugural Journalism Excellence Fellowships.
Trump Media and Technology Group Corp. has replaced CEO and former California Congressman Devin Nunes with Kevin McGurn, a seasoned media sales executive.
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.
