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Condé Nast and OpenAI have reached an agreement that will give the AI company access to content from the publisher’s properties. The deal will permit OpenAI to surface stories from outlets including The New Yorker, Vogue and Vanity Fair in both ChatGPT and the new SearchGPT prototype. “It’s crucial that we meet audiences where they are and embrace new technologies while also ensuring proper attribution and compensation for use of our intellectual property,” Condé Nast CEO Roger Lynch wrote in a company-wide email. Noting the financial losses publishers are facing, Lynch said the partnership with OpenAI “begins to make up for some of that revenue, allowing us to continue to protect and invest in our journalism and creative endeavors,” Publishers who have struck similar deals with OpenAI include the Associated Press, Axel Springer, The Atlantic, Financial Times and News Corp.
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ABC News names Almin Karamehmedovic, senior executive producer of “World News Tonight with David Muir,” to serve as its next president. The promotion expands his responsibilities to include such programming as “Good Morning America,” “20/20” and “Nightline.” He will also oversee the ABC News Studios division as well as the network’s coverage of the upcoming presidential debate and election. Karamehmedovic succeeds Kim Godwin, who announced her exit in May. He began started with ABC News on a freelance basis in London in 1998, joining “Nightline” in 2008 and servingd as its executive producer before joining “World News Tonight.”
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Time magazine is laying off 22 staffers. The cuts affect its editorial, technology, sales & marketing departments, in addition to Time Studios. In an Aug. 20 memo to staff announcing the layoffs, Time CEO Jessica Sibley cited lower advertising budgets, competition and shifts in consumer behavior as among the factors leading to the decision. “We are making changes now across our business to protect against this period of transformation and unpredictability in the media industry,” she wrote. The announcement follows the axing of about 15 percent of the magazine’s staff in January.
WNET, the nation’s largest public media company, names Edward O’Keefe its next president and CEO, effective September 21. O’Keefe succeeds Neal Shapiro, who becomes president emeritus and will retire at the end of the year... The Stealth Bot Prohibition Act, which would empower news publishers and other content providers to defend themselves by mandating transparency for all bots crawling their sites, in introduced in the House by Rep. Laurel Lee (R-FL) and Rep. Valerie Foushee (D-NC)... Google gets socked by European Union regulators with a $1 billion fine for using the platform’s dominance as a search engine to illegally undercut competition.
Boston Globe Media acquires InstaTrac, a company that provides subscription-based services aimed at making government information easier to find, track, and understand... AARP names former New Republic CEO and publisher Michael Caruso as its SVP and chief content officer, unifying the organization's portfolio of media, live events and digital platforms... The Fund for American Studies, an educational nonprofit, awards its inaugural Journalism Excellence Fellowships.
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.
