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| Megyn Kelly |
Former Fox News and NBC anchor Megyn Kelly has launched Devil May Care Media, a self-funded venture which will produce content including podcasts and other shows discussing news, current events, legal and cultural issues. Its first production is “The Megyn Kelly Show,” a podcast debuting at the end of September. A release from the company says that the company is intended to give Kelly “a new platform for connecting directly with her audience without the constraints or political agendas of other media outlets.” Kelly was released from her NBC News contract in 2019, receiving a payout that was estimated at between $25 and $30 million. She came to NBC in 2017 from Fox, where she had been for over a decade.
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Meredith Corp. is proposing a change to its charter that could pave the way for the company to split up its magazine holdings and TV stations into two separate businesses, according to a report in the Des Moines Register. Meredith’s board of directors has already approved the charter amendment, which will be voted on by investors at a Nov. 11 meeting. The company says that while a breakup of the divisions is not necessarily in the cards, it wants to ensure a “tax-efficient separation” in the event that it does take place. Meredith acquired Time Inc. in 2017, and it currently owns publications including People, Real Simple and Better Homes and Gardens. Its TV division includes 17 stations in such cities as Atlanta, Phoenix, and Portland, OR.
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| Asad Syrkett |
Hearst Magazines has named Asad Syrkett editor in chief of Elle Decor, effective Sept. 14. He succeeds Whitney Robinson, who stepped down in April. Syrkett comes to the magazine from Hem Design Studio, where he served as business development lead. Before that, he was deputy editor at real estate and urban design web site Curbed and has held editorial positions at Architectural Digest and Architectural Record. Former Hearst Magazines president Troy Young resigned in July after employees spoke out about what they called a racist and sexist work environment at the company.
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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