 |
| Devin Nunes |
Trump Media & Technology Group CEO Devin Nunes received compensation of $46.9M for 2024, the year in which the company recorded full-year revenues of $3.6M and a $400.8M net loss.
The former California Republican Congressman earned $750K in 2023, according to the proxy statement released for TMTG's April 30 virtual annual meeting.
His 2024 compensation package included a $1M salary, a bonus of $600K for the completion of the March SPAC merger, stock awards of $44.1M, and $1.1M for the fair value of a promissory note that converted into TMTG stock.
Nunes said TMTG, which owns the Truth Social platform, developed quickly in 2024 and continues to explore opportunities to partner, merge with, and acquire other entities that complement the company's "technology, brand, and America First principles.”
Of its financial performance in 2024: TMTG had hefty legal bills “partly as a result of obstruction by the Biden-era Securities and Exchange Commission, which turned the process into one of the longest SPAC mergers in history.”
Kashyap (Kash) Patel resigned from TMTG’s board upon his Senate confirmation as FBI director.
He has been replaced by David Bernhardt, a former Interior Dept official and author of a memoir called "YOU REPORT TO ME, Accountability For the Failing Administrative State.”
TMTG's stock is trading at $23.62. It has traded from $11.75 to $79.38 during the past 52 weeks.
The Walt Disney Company and OpenAI reach an agreement that will make a set of more than 200 animated, masked and creature characters from Disney, Marvel, Pixar and Star Wars available for use by Sora, OpenAI’s short-form generative AI video platform... CBS News editor-in-chief Bari Weiss has moved Tony Dokoupil, a co-host at “CBS Mornings” since 2019, into the anchor’s chair for the “CBS Evening News,” following the departure of John Dickerson and Maurice DuBois... USA Today editor-in-chief Caren Bohan has left the paper.
Michael Kaminer, who was responsible for the Observer’s “Power List” for the past 13 years, has cut ties with the publication... The New York Times Company continues the march toward its goal of 15 million subscribers by the end of 2027... The John D. and Catherine T. MacArthur Foundation is providing more than $6 million in funding to eight organizations working to address the challenges local news and information environments face along the U.S.-Mexico border.
Conservative outlets Fox News, Newsmax and the Daily Caller are holding back from signing Pete Hegseth’s edict restricting press access in the Pentagon... CBS News sees the first executive departure of the Bari Weiss era as head of standards and practices Claudia Milne exits... Indiana University shuts down the print version of The Indiana Daily Student.
Rothschild family plans to unload 26.7 percent stake in The Economist... STAT, a digital media company that focuses the life sciences, brings back Damian Garde, who anchored its biotech newsletter and podcast from 2016 to 2024... High Times officially resumes print publication (following its 2024 shutdown) with the release of a limited-edition, collectible 50th anniversary issue. 
CBS News is set to hand over its reins to The Free Press co-founder Bari Weiss as Paramount acquires her site for $155M... C-SPAN comes on board as an official media partner of the U.S. Semiquincentennial Commission, which is charged by Congress to lead the celebration of the 250th anniversary of the signing of the Declaration of Independence... A new Gallup survey says that the level of trust that US audiences have in the media has hit a new low.
