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NBC may be chopping an hour from its nightly prime time schedule, according to a report in the Wall Street Journal. The plan would eliminate the 10 pm to 11 pm hour, which would be given back to local stations to program at their discretion. However, the report also says that the network’s late-night schedule would likely be moved back to 10:30 pm or 11 pm, giving “The Tonight Show” with Jimmy Fallon a head start on its competition at ABC and CBS. NBCUniversal Television and Streaming chairman Mark Lazarus have already eliminated programming in the 1:30 am to 2 am time slot and handed that back to affiliates. The WSJ notes that NBC could save tens of millions of dollars in content costs through the move.
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| Sean Hannity |
Sean Hannity leads a long lineup of Fox News personalities who have been called for a deposition in the ongoing defamation suit by Dominion Voting Systems against the network in Delaware Superior Court. Also slated to appear are Tucker Carlson and Lou Dobbs. The New York Times reports that others set to join that list are Fox News Media chief executive Suzanne Scott and president Jay Wallace, with Rupert and Lachlan Murdoch both possibilities in the coming weeks. The suit charges Fox with pushing false claims of voter fraud. A Fox News spokesman claimed that the First Amendment protected the company from the suit and that making the Murdochs a focus of the investigation would constitute “a fruitless fishing expedition.”
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| Anna Bateson |
Guardian Media Group names Anna Bateson as its chief executive. Bateson previously held the interim CEO spot at GMG for several months in 2019-20 and also served as chief customer officer. She replaces Keith Underwood, who has held the role of interim chief executive since the resignation of Annette Thomas in June 2021. Most recently, Bateson was CEO of Josh Wood Colour, an e-commerce beauty brand. Before coming to the Guardian in 2016, she was director of global consumer marketing at YouTube. “Her deep understanding and experience of the Guardian and of digital media and marketing, combined with her significant leadership experience, mean she is very well placed to lead the Guardian into the future,” said GMG board chairman Charles Gurassa. GMG had a rare cash surplus last year, largely due to increased revenues from digital audiences.
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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