 Randall Lane |
Randall Lane has been named chief content officer at Forbes. Lane will focus on integrating editorial content across digital and print, developing more editorial franchises and working with contributors and the Forbes editorial team to develop more multiplatform reporting. In addition to his new role, Lane will also continue to serve as the editor of Forbes Magazine. He joined Forbes in 1991 and has served as reporter, staff writer and Washington bureau chief. “Randall is a unique and talented leader at Forbes,” said Forbes Media CEO Mike Federle. “He’s the perfect fit for this position as we continue to expand globally, build new editorial initiatives, reach new audiences and evolve to adjust to changing consumer behaviors.”
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Following on the heels of what the New York Post reports is a $100 million operating loss for 2017, Condé Nast appears to ready to perform some major surgery to the corporate side of its business—and the cuts aren’t just being considered for the print side of the company. According to the report, the company’s entertainment division, Condé Nast Entertainment, is also said to be under review. So far this year, there have been two rounds of layoffs at the company, paring over 200 jobs. With Hearst having acquired Rodale and Meredith sealing its deal to buy Time Inc., Condé is being suggested as a potential acquisition target itself. While Amazon, Google, Apple, Hearst and various venture capital firms are part of the rumor mill as regards possible buyers, the Post says company insiders say there no plans at present to sell the company.
 Jim Roberts |
Cheddar, a streaming financial news network that focuses on stocks and technology and is broadcast daily from the floor of the New York Stock Exchange, has named Jim Roberts editor-in-chief. Roberts comes to Cheddar from the public strategy firm Mercury, where he has served as managing director. He has also worked as an editorial consultant for The Hill, was executive editor and chief content officer at Mashable, and spent over 25 years at the New York Times. Roberts’s hire is part of a drive by Cheddar to beef up its editorial product, an effort that includes the launching of a news reporting unit to be called “Cheddar Scoops.”
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. 
Versant Media Group, the NBCUniversal cable TV spin-off, today reported its first financial results as 2025 revenues dipped 5.3 percent to $6.7B and standalone EBITDA dropped 9.1 percent to $2.2B.
