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Bloomberg is launching Bloomberg UK, which is meant to compete with such British outlets as The Financial Times and The Sunday Times. The new platform will include a website, a video series on British newsmakers, a podcast and a summit on the future of British business. “Our goal is to become the main destination for business and financial news in Britain,” Bloomberg editor-in-chief John Micklethwait wrote in a piece on Bloomberg.com. Out of Bloomberg’s approximately 400,000 subscribers, more than 40 percent are outside the US, with Britain constituting its second-largest market. Micklethwait and Bloomberg chief executive M. Scott Havens said Bloomberg plans to hire dozens of new journalists to staff up the unit.
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| Nathan Lump |
National Geographic Media signs up Expedia Group global head of editorial and entertainment Nathan Lump as editor-in-chief, effective June 6. Before coming to Expedia in 2019, Lump held positions at such publications as Travel + Leisure, Condé Nast Traveler and the New York Times. In his new role, Lump will manage the content strategy of the company’s editorial team. He will also focus on extending the reach of Nat Geo Media’s storytelling across The Walt Disney Company and its customers. Disney is a majority partner in the company, with the National Geographic Society holding a 27 percent share. Lump’s “tremendous wealth of experience in leading global editorial organizations, his deep understanding for what makes a story best in class, data-driven approach to addressing consumer needs and commitment to journalistic integrity make him the ideal candidate,” said Nat Geo Media executive vice president and general David Miller.
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My Code, a digital media platform that allows advertisers to invest in minority-owned and led publishers, creators, and producers, acquires a majority ownership interest in Hispanic news and information company Impremedia. Imprendia CEO Iván Adaime will continue to lead the company’s media brands, which include Spanish-language papers La Opinión, El Diario, La Raza and La Opinión de la Bahía, along with a portfolio of digital media outlets and lifestyle brands that reach 35 million users each month. All of Impremedia’s employees have been asked to continue with the company. “Combining Impremedia’s iconic media properties, burgeoning digital brands and significant daily role in the lives of the Hispanic community with My Code’s platform, resources and enormous audiences, will supercharge the ability to connect, inform, support and engage in this vital space,” said My Code CEO and founder Parker Morse.
Trump Media and Technology Group Corp. has replaced CEO and former California Congressman Devin Nunes with Kevin McGurn, a seasoned media sales executive.
The Pittsburgh Post-Gazette is being bought by the Venetoulis Institute for Local Journalism, a nonprofit that is the parent organization of the Baltimore Banner... The British Broadcasting Corporation is axing approximately 2,000 jobs, about 10 percent of its work force... Snap, the company behind Snapchat, is also succumbing to layoff fever, announcing plans to lay off 16 percent of its employees, about 1,000 people.
CBS News Radio will go off the air on May 22, part of the axe-swinging managerial plan put into play by CBS editor-in-chief Bari Weiss... The Economist, which was first published in 1843, is changing hands. Canadian billionaire Stephen Smith has agreed to acquire a 26.9 percent stake in the publication from Lady Lynn Forester de Rothschild, her family and family foundation... Nexstar Media Group says it has closed its acquisition of TEGNA, the broadcast, digital media and marketing services company that was formed in 2015, when the Gannett Company split into two publicly traded companies.
USA TODAY brings on Jamie Stockwell as VP of news, effective March 30. Stockwell was most recently deputy managing editor of news for the Washington Post... YouTube expands its likeness detection capabilities to a pilot group of government officials, journalists and political candidates... The AP Fund for Journalism adds 50 news organizations to its local news program, bringing the total number of participating newsrooms to 100. 
Versant Media Group, the NBCUniversal cable TV spin-off, today reported its first financial results as 2025 revenues dipped 5.3 percent to $6.7B and standalone EBITDA dropped 9.1 percent to $2.2B.
