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| Devin Nunes |
Trump Media and Technology Group Corp. has replaced CEO and former California Congressman Devin Nunes with Kevin McGurn, a seasoned media sales executive.
Nunes, who joined the company in 2022 said it’s time to go after achieving “Trump Media’s original mission of giving the American people their voices back.” He believes the company is in “safe hands” under McGurn’s stewardship.”
TMTG is the parent of Donald Trump’s megaphone, Truth Social. The company lost $712M on $3.7M in revenues during 2025.
Its stock is down more than 75 percent since Trump’s January 2025 inauguration. It trades at $9.72. The 52-week range is between $27.78 and $8.30.
McGurn, who takes the interim CEO title, has been an advisor to TMTG. He’s held jobs at Hulu, NBCUniversal, T-Mobile and Vevo, the joint venture between Universal Music Group and Sony Music Entertainment.
TMTG plans to merge with TAE Technologies nuclear fusion company in a deal with $6B. It is considering spinning off Truth Social once the TAE deal closes.
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.
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.
