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Liberty Media Makes Investment in Auto Racing Team

Motor Sport: Meyer Shank Racing says that Liberty Media has made a minority equity investment in the Ohio-based team, which is attributed to the Formula One Group. MSR became a full-time one-car IndyCar team this year after gradually building up its number of outings...

Verizon Faces Big Challenges in Effort to Sell HuffPost

Ad Age: When's the best time to sell a high-profile media property? Well, probably not during a pandemic-induced recession. And also maybe not amid the systemic, long-term decline in publishing — a sector that was challenging even pre-Covid. And also probably not when...

Craigslist Quietly Adds Fees in Three Major US Markets

AIM Group: Craigslist has quietly changed its fees for apartment rentals, adding new charges in Boston and Chicago and significantly expanding them throughout the New York metropolitan area. At the same time, it also cut the fee for posting apartments in New York from...

News Corp CEO, Chief See Pay Dip in Nod to Pandemic

Hollywood Reporter: Rupert Murdoch's pay for his role as executive chairman of News Corp amounted to $3.35 million for the fiscal year that ended in June, compared with $5 million in the previous year. CEO Robert Thomson's pay amounted to $12 million, compared with...

New York Times Reporter Talks About Covid Diagnosis

CNN: Michael Shear of the New York Times, one of the White House reporters who has come down with coronavirus, is pretty sure he was infected on the day President Trump announced his pick for the Supreme Court. "Nobody from the White House has said 'boo' and asked...

Los Angeles Times to Begin Search for New Top Editor

Los Angeles Times: Norman Pearlstine says he will soon step down as executive editor of the Los Angeles Times and that the paper is launching a search for a new top editor to chart a digital future and unite a newsroom that has been torn by controversies. Pearlstine...

Hearst Expat Plans Silicon Valley Drama for Television

Deadline: ABC has given a production commitment to "Valley of the Gods," a new drama from a producer group including Joanna Coles, the former chief content officer of Hearst Magazines. Coles joined Hearst in 2006 as editor-in-chief of Marie Claire and was named...

Conde Nast Agrees on Clause with Union at New Yorker

WWD: The New Yorker Union and the magazine's owner Conde Nast reached an agreement over a "just cause" clause in the union's contract following 35 hours of negotiation. Unionized staffers at The New Yorker have been negotiating for more than a year for a "just cause"...

Meredith in Trouble After ‘Overachieving’ in Magazines

Poynter: Meredith was for years the under-the-radar magazine company from Des Moines that financially outperformed its flashier New-York based rivals. That relatively low profile changed three years ago when Meredith acquired Time Inc. and its cluster of famous legacy...

American Media to Shutter More Enthusiast Magazines

Adventure Journal: The magazines Bike, Powder, Snowboarder, and Surfer are being shut down by owner A360 Media, née American Media, which also owns Men’s Journal. This includes both print and digital products for Bike, Powder, and Surfer, and print for...

Fortune Magazine Top Editor to Depart for Several Gigs

Medium: "After 19 glorious, rewarding, life-changing years, I am leaving Fortune," writes Adam Lashinsky. "I am pleased to tell you I’ll have a lot going on in my post-Fortune life. For starters, I am becoming editor in chief of World 50, an organization that builds...

Facebook, Twitter, TikTok Ban Death Wishes for Trump

CBS News: Following President Trump's positive Covid-19 diagnosis, social media companies have voiced a clear message: Any content that wishes for the death of anyone, including the president, will be removed. Facebook, Twitter and TikTok have all announced that posts...

Comcast Launches News Shows for Streamer Peacock

Mediaite: Peacock announced two news shows featuring political commentators Mehdi Hasan and Zerlina Maxwell set to launch on October 5. “Zerlina” will air weekdays at 6:00 pm and “The Mehdi Hasan Show” will follow right after at 7:00 pm on Peacock’s latest news...

Vice Media Names Ogilvy Veteran for Marketing Officer

Variety: Vice Media has named Nadja Bellan-White, an ad agency and marketing exec with more than two decades of experience, to lead its brand-storytelling efforts globally. Bellan-White, previously based in the UK, will work from Vice’s Brooklyn headquarters and will...

New York Times Under Fire For Trump Diagnosis Story

Fox News: The New York Times was slammed on Friday for suggesting that President T rump might not be able to remain on the ballot following his positive coronavirus test. While many critics have sent the president well wishes, the Gray Lady was quick to float the idea...

McClatchy Taps Veteran for President of Miami Herald

Miami Herald: Nancy Meyer will join the Miami Herald as president, McClatchy announced Friday. She will be responsible for the business operations of the Miami Herald and el Nuevo Herald. A media industry veteran with nearly two decades of experience, Meyer has worked...

Hearst Erects Paywall for Community News in Houston

Chron: Local news coverage from 12 suburban newspapers serving more than half a million homes in the greater Houston area has a new home on HoustonChronicle.com, the exclusive subscriber website of the Houston Chronicle. The coverage appeared previously on the...

Conde Nast Reveals 75% of Senior Leadership is White

Digiday: Last month Conde Nast released its first ever diversity and inclusion report which showed the legacy magazine publisher, like so many other large media companies, has a diversity imbalance, particularly in upper management. Per the report, at least 75% of...

Maven Ends Publisher Guarantees at Sports Illustrated

Awful Announcing: New CEO Ross Levinsohn has brought in some dramatic changes for Maven's independent publishers, including the publishers of the Sports Illustrated team sites. Changes involve removing guaranteed payouts, switching the publishers to a fully...



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