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| Alexi McCammond |
Condé Nast parts ways with Alexi McCammond, who was hired as editor of Teen Vogue on March 5. Her departure follows complaints from readers, the publication’s employees and two major advertisers (Burt’s Bees and Ulta Beauty) over a series of racist and homophobic tweets that she had posted more than a decade ago. McCammond, who covered the Biden campaign for Axios and served as a contributor to MSNBC and NBC, had apologized for the tweets in 2019. Condé Nast chief executive Roger Lynch and chief content officer Anna Wintour had been aware of some of the tweets before McCammond was hired.
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The Boston Globe opinion staff, along with the Boston University Center for Antiracist Research, is bringing The Emancipator, a pre-Civil War abolitionist newspaper, back to life as a new media platform. A biweekly newsletter called Unbound, named after one of the first issues of an early abolitionist newspaper, will also be published. “This project will amplify critical voices, ideas, and evidence-based opinion in an effort to reframe the national conversation and hasten racial justice,” a statement on The Emancipator’s website said. Set to launch later this year, the platform will be free, with sponsorship from yet-to-be-named philanthropic sources. The Globe is currently conducting a search for two co-editors-in-chief.
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The National Football League has signed long-term agreements with Amazon, CBS, ESPN/ABC, Fox and NBC. Fox, CBS and NBC are each set to pay $2 billion annually, about twice the amount they are paying in their current deals. ESPN will see the price of its Monday Night Football package jump from $2 billion to $2.7 billion, and Amazon will fork over about $1 billion for its right to exclusively stream Thursday night games. The amounts being paid reflect the dominance of the NFL in the broadcasting—and streaming—industry. According to NFL.com, 24 of the top 25, and 77 of the top 100 most-watched programs on television over the past five years have been NFL games.
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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