 A.G. Sulzberger |
The New York Times board approved A.G. Sulzberger’s appointment as publisher of the paper. He was also elected to the board and will fill the seat being vacated by Michael Golden, who is stepping down on Dec. 31. Sulzberger is replacing his father, Arthur O. Sulzberger, Jr., as publisher. Before joining the Times’s metro desk in 2009, A.G. worked as a reporter for the Providence Journal and the Oregonian. He is credited with being one of the architects of the Times’s digital transformation and was the principal author of the 2014 Innovation Report, which focused on growing and engaging the Times's digital audience. He was named deputy publisher last year. “Over his career, and in particular during this past year as deputy publisher, A.G. has displayed superb leadership skills. He asks smart questions, he challenges, he exercises excellent judgment and he makes things happen,” said Robert E. Denham, the presiding director of The Times Company board of directors.
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Refinery29, a digital and media entertainment company targeted at women, is cutting 34 staff positions—about 7.5% of its employees—according to Business Insider. The company's revenue has grown this year, but like many in the space, it has pushed for audience growth outside of its core fashion and lifestyle content. “We are not immune to the challenges and tough decisions that come with adapting to this turbulent moment in time, despite our growth and momentum,” co-CEOs Philippe von Borries and Justin Stefano said in a memo issued to Refinery29 staff. “In this particular moment that means tightening our belt in order to invest in the future.”
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Time Inc. has reportedly reached an agreement to sell off Golf Magazine and its related assets to Emigrant Savings Bank chairman Howard Milstein. While the deal was reported by Golfweek senior writer Geoff Shackelford, who cited “sources briefed on the sale,” Time Inc. has not confirmed the transaction. The company sold Sunset magazine to L.A.-based private equity firm Regent L.P., last month., as it began the process of shedding several “non-core” titles in anticipation of its takeover by Meredith Corp. early in 2018. Essence and Coastal Living are also being shopped around.
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.
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. 
