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| Kristine Coratti Kelly |
The Washington Post promotes Kristine Coratti Kelly to chief communications officer, a newly created role at the paper. The Post’s PR blog says that the move is intended to “reflect the increased role the communications team is playing in The Post’s national and global expansion.” Kelly has been with the paper since 2009, most recently serving as vice president of communications and general manager of Washington Post Live, the newsroom’s live journalism platform. Taking on the vice president of communications role is Shani George, who most recently served as director of communications. “With their combined experience, we look forward to their continued dedication to growing The Post’s audience around the world,” said Post publisher and CEO Fred Ryan.
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Sinclair Broadcast Group is axing about five percent of its workforce (approximately 500 employees), in a move that the company says is due to the effects of COVID-19. “No component of our business’s ecosystem has been fully shielded from the impact of the global pandemic. In response to this, we are currently undergoing enterprise-wide reductions across our workforce, including corporate headquarters, to ensure we are well-positioned for future success.” according to a statement from a Sinclair spokesperson. Employees were notified of the layoffs in a Wednesday evening memo sent from Chris Ripley, the company's president and chief executive officer. Sinclair, which runs 186 TV stations in the U.S., reported a seven percent dip in total revenue for Q4 2020, compared to Q4 2019.
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Facebook is lifting the ban on political advertising that it instituted after the November elections. The company says that it will now permit advertisers to buy ads about “social issues, elections or politics,” from March 4, according to a report in the New York Times. The ban had been temporarily lifted in Georgia prior to that state’s senatorial runoff elections in January. Also, an article on Politico claimed that some political advertisers had been making their way around the regulations throughout the course of the ban. For now, political advertisers can either submit new ads to the platform, or reactivate existing ads. Ads will appear with a disclaimer noting that the ad was paid for by a political organization. Facebook has as yet said nothing about the “indefinite” ban placed on the account of former president Trump.
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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