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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.
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.
Trump Media & Technology Group is discussing a spin-off of the Truth Social platform following the expected closing of its $6B merger deal with TAE Technologies... Condé Nast sells off Them, the digital LGBTQ-focused platform it launched in 2017, to Equalpride, publisher of Out, The Advocate, Out Traveler, Health PLUS Wellness and Pride.com... CBS News has parted ways with longevity influencer Peter Attia, one of the 19 contributors that editor-in-chief Bari Weiss brought on as part of her plan to present a wider variety of voices on the platform. 
