Tik Tok partners with IPG Mediabrands on a three-year initiative to provide the network’s clients with custom programs to help them build “an authentic presence” on the platform. The companies are forming what they are calling a “Creator Collective,” which will offer IPG Mediabrands’ clients with hands-on guidance to ensure that their content connects with TikTok’s audience. The campaign’s first program will be a quarterly series of “Creator Camps” where creators will offer strategic counsel and feedback on clients’ upcoming campaigns. Tik Tok president of global business solutions says that the partnership is intended to help clients “create a steady stream of content that resonates with our community .”
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| Frank Bruni |
New York Times columnist Frank Bruni is heading to Duke University, where he will join the faculty of the DeWitt Wallace Center for Media and Democracy, starting July 1. He will continue to write his newsletter for the Times, in addition to staying on as a contributing opinion writer. Bruni joined the Times staff in 1995, and has served in a wide variety of positions there, including restaurant critic, metropolitan reporter, White House reporter and Rome bureau chief. Before coming to the Times, he worked at the New York Post and the Detroit Free Press, where he was a finalist for the 1992 Pulitzer for feature writing. “I’ve worked with Frank in Washington and know that he is a rare talent in American journalism,” DeWitt Wallace center director Bill Adair told the Duke Chronicle. “He will bring tremendous depth to our program.”
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Amazon now accounts for more than 10 percent of all digital ads in the U.S., according to a report from research firm eMarketer. The company’s ad revenue climbed to $15.73 billion in 2020, which eMarketer estimates is a jump of 52.5 percent from 2019. While Google (28.9 percent) and Facebook (25.2 percent) still top Amazon by a fairly wide margin, the report predicts that the company’s share of the digital market will continue to experience steady growth, hitting 12.8 percent by 2023. Google appears to be on the losing end of Amazon’s rise, with eMarketer predicting that its share of the digital ad marketing will fall to 26.6 percent by 2023.
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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