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| 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He has been replaced by David Bernhardt, a former Interior Dept official and author of a memoir called "YOU REPORT TO ME, Accountability For the Failing Administrative State.”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.
Underscore Media, a new creator-led media venture dedicated to New York sports, is built around three established New York sports personalities, Sal Licata, Jimmy Traina, and John Jastremski.
McClatchy, which owns 29 daily papers across 14 states (including The Miami Herald, Sacramento Bee and Kansas City Star), launches a wave of layoffs that extends to at least 13 of those papers... The Toledo Blade, which was founded in 1835, is set to shut down on Dec. 31, unless owner Block Communications manages to find a buyer for it... A bill awaiting approval by California governor Gavin Newsom would give local newsrooms a boost. 
Fox News Media issued a pretty sparse release to announce the departure of one of its stars. “Effective today, Maria Bartiromo is no longer with FOX News Media,” it reads.
Brunswick Group partner John Simons has joined CNN as senior director of business & media. He held top jobs at Time and the Wall Street Journal.
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.
