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CNN has pulled the plug on "Reliable Sources with Brian Stelter." The show’s last episode will be this Sunday. Stelter, who came to CNN from the New York Times in 2013, will be leaving the company. In addition to his on-air duties at CNN, Stelter served as a media writer for CNN.com. He also hosted a podcast and frequently wrote and oversaw a daily "Reliable Sources" newsletter with his fellow media reporter Oliver Darcy. The CNN digital media team and Reliable Sources newsletter will continue with Darcy leading the newsletter. CNN chief Chris Licht has been making cuts throughout CNN since taking the helm as part of Warner Bros. Discovery's takeover of the old Time Warner company.
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| Eric Caballero |
Conservative media outlet The Daily Wire brings on Walt Disney Company veteran Eric Caballero as chief marketing officer. Caballero, who was previously a vice president in Disney’s media and entertainment distribution group, will oversee all marketing for the company, which is expanding into the entertainment business. The Daily Wire is committing $100 million to produce family-friendly content. “Companies like Disney have betrayed their family-friendly and pro-America audiences because of outsize influence from activist shareholders and employees, leaving money and opportunity on the table in the process,” said Daily Wire co-CEO Jeremy Boreing.
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Cineworld Group, which owns the Regal Cinemas chain, the second-largest in the world, is planning to file for bankruptcy, according to a report in the Wall Street Journal. The company said that despite a recovery from the sharp drop in attendance caused by the pandemic, recent admissions have not met expectations, which it blames on a limited film slate. The WSJ report says that Cineworld is negotiating with its lenders to fund the bankruptcy process. Cineworld acquired Regal in 2018 for $3.6 billion.
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.
