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| Courtney Coupe |
LinkedIn signs up Courtney Coupe, who was most recently SVP of content strategy and operations at CNN Digital, as its first head of original programming. The social media platform, which recently launched a podcast network, has been investing in original content. Coupe is charged with leading a newly formed original programming team that will bring its efforts together, overseeing the strategy, development and production of all original video and audio content. "Courtney has spent her career creating high-quality, economy and career-focused audio and video content for some of the top brands in media," said LinkedIn editor-in-chief Dan Roth. LinkedIn's editorial team currently numbers more than 180 employees across 16 countries.
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Apple Music has signed on as the sponsor for the Super Bowl halftime show, taking over from Pepsi, which has backed the event for the past 10 years. According to Sports Business Journal, the five-year deal is worth approximately $50 million per year. Apple is reportedly in talks with the NFL on a possible deal to carry the Sunday Ticket out-of-market package and buy part of the NFL Media properties. The lineup of performers for next year's halftime show is still to be announced. Last year's Emmy-winning edition, which featured Dr. Dre, Snoop Dogg, Eminem, Mary J. Blige and Kendrick Lamar, averaged 103.4 million viewers, up seven percent from the previous year.
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Parade magazine, the Sunday newspaper supplement that was launched in 1941, will cease print publication after its November 6 issue. The magazine will now only appear in the digital editions of the newspapers that run it. According to a report on MediaPost, Parade currently appears in about 700 newspapers. The Arena Group, which also owns such brands as TheStreet and Sports Illustrated, acquired Parade's parent, AMG/Parade, earlier this year for $16.3 million. "We are infusing fresh energy across our brands in all formats to make sure they can meet both the moment and the needs of their readers in new and innovative ways," Kevin Craig, Arena's senior vice president for newspaper relations, said in an email to newspapers last week. The company said it was also ending its Relish and Spry Living magazines after their October issues.
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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