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| Michael Tomasky |
Michael Tomasky, who was the first US editor of The Guardian as well as editor of The American Prospect, is taking the top editorial position at The New Republic, effective April 19. Tomsky is currently a columnist and editor at The Daily Beast and editor of Democracy: A Journal of Ideas, a quarterly journal based in Washington, DC. TNR also plans to centralize its editorial operations in Washington, D.C., where the publication was based until 2012, while retaining a presence in New York. Tomasky says he plans to expand coverage of policy-making and the politics that drive it. He replaces Chris Lehmann, who took the editor’s job in 2019. Lehmann will stay at the publication as editor at large.
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Medium CEO Evan Williams said in an email to staff that the company is “making some changes to our editorial strategy and leadership and giving a voluntary exit option to employees who would like to take a different path.” The move is part of a decision by the platform to scale back its online magazines, which it added to the selection of independent writers who publish on it in 2019. Siobhan O’Connor, who has been vice president for editorial at the platform since 2018, will exit. Jermaine Hall, who is editor of Medium’s LEVEL magazine, and Scott Lamb, who is currently VP, publisher growth & strategy, will jointly lead the platform’s content organization. Williams said the audience for its online magazines has not been growing at a rate that would justify their continued operation. However, he noted the success of Ampify, a program that helps writers polish the work they post to the site. Less than a month ago, a union drive at Medium failed.
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| Daniel Alvarez |
Quartz names Daniel Alvarez chief product officer, effective April 12. Alvarez joins Quartz from NBC Universal, where he was VP of product and design for local NBC and Telemundo TV stations. Prior to NBC, he was the head of product and design at HuffPost. At Quartz, he will be responsible for all product development as well as overseeing the engineering, design, product management, and analytics teams. “Daniel is a seasoned product leader, and we’re excited to welcome him to Quartz,” said Quartz co-founder and CEO Zach Seward. “His bold and creative approach to editorial products will help continue to push Quartz forward in developing new and better ways to serve readers.”
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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