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The Irish Voice, a New York-based newspaper that focuses on news and stories from an Irish-American perspective, put out its last print edition on July 5. First published in the fall of 1987, the paper was targeted at Irish immigrants who were then moving to the US in large numbers. Its editorial content, along with founder Niall O’Dowd’s twice-weekly column, will now appear on IrishCentral.com. The Voice’s other publication, Irish America, remains in print, and its event management side, which includes the Irish Legal 100 and Wall Street 50, continues to operate. “We have been a crusading paper,” O’Dowd wrote. “We are, indeed, an activist paper; we don’t believe in journalism that uses phrases like, ‘On the one hand and the other.’ Have an opinion and defend it!”
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| Pablo Rodrguez |
Canada's federal government plans to pull all its advertising from Facebook and Instagram in the wake of Meta's move to restrict news content for Canadians. That move followed the passage of a law by Canada’s parliament that will force tech firms to pay media outlets for news that appears on their platforms. Canadian officials say they are still attempting to avert a similar situation with Alphabet, which has also announced plans to block news content for users in Canada. Canadian heritage minister Pablo Rodriguez says that suspending government advertising will cost Facebook and Instagram about 10 million Canadian dollars ($7.5m) per year.
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Meta also unveils its rival to Twitter. Threads, a companion app to the company’s Instagram, went live on July 5, snagging 10 million users in its first seven hours of operation. Meta has what would seem to be a built-in audience for the app, since users will access Threads via their Instagram account, and Instagram has more than 2.35 billion users. Twitter trails far behind, with more than 360 million worldwide users. Threads is currently available in more than 100 countries for iOS and Android, but users in the European Union are going to have to wait while a series of issues involving user privacy are hashed out.
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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