Norm Pearlstine, who smashed the traditional barrier that separated the editorial and business side of the media, is stepping down from the Time Inc. vice chairman slot on July 17.
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Norm PearlstineThe 74-year-old ececutive, who served served as editor-in-chief of Time Inc. from 1995 to 2005, also worked as chief content officer at Bloomberg, senior advisor for Carlyle Group's telecom and team and managing editor of the Wall StreetJournal.
Pearlstine returned to Time Inc. following its spin-off from Time Warner to serve as chief content officer.
Rich Battista, CEO of Time Inc., praised Pearlstine's "influential leadership" and for encouraging editors to "collaborate more closely with their business side colleagues."
Time Inc. is cutting another 300 jobs as part of Battista's plan to reengineer the company's cost structure to help increase efficiency and provide funds to reinvest resources for long-term growth.
The company reported a first-quarter eight percent revenue slide to $636M, while red ink jumped to $28M from $10M.
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.
Trump Media and Technology Group Corp. has replaced CEO and former California Congressman Devin Nunes with Kevin McGurn, a seasoned media sales executive.
