McClatchy Editors Out Following Racist Flap in Florida
Miami New Times: After several scandals at the Miami Herald and El Nuevo Herald involving racist comments and inflammatory content, the newspaper has shuffled the top of its masthead. El Nuevo Herald managing editor Nancy San Martin has resigned from her...
New York Times Releases Bombshell on Trump Taxes
Mediaite: President Trump dismissed a bombshell New York Times report published Sunday afternoon that held the self-proclaimed multi-billionaire paid only $750 in federal income taxes in 2016, the year he was elected president. "That is fake news," Trump...
Los Angeles Times Apologizes for ‘History of Racism’
TheWrap: Los Angeles Times owner Dr. Patrick Soon-Shiong vowed to increase diversity in the newspaper's coverage and staff in a letter published Sunday along with a series of sweeping, introspective reports into the Times's long history of...
Apple’s Tech Critics Unite in Fight Over App Store Fees
Reuters: Spotify, Match Group and Epic Games have joined a nonprofit group that plans to advocate for legal and regulatory action to challenge Apple's App Store practices. The Coalition for App Fairness plans to advocate legal changes to force Apple's...
Disney Streaming Veteran Seeks to Join Private Equity
New York Times: Kevin Mayer, who resigned as CEO of TikTok in August after three months on the job, is in advanced talks with RedBird Capital, which has holdings in sports and entertainment. Previously, Mayer was Disney's top streaming...
ViacomCBS Probes CEO After Allegation of Misconduct
The Information: ViacomCBS has investigated an charge of sexual misconduct by CEO Bob Bakish. The investigation comes less than a year after Viacom merged with CBS, whose former CEO Les Moonves resigned after women accused him of ...
AT&T’s WarnerMedia Pitches Big Deal for Pro Baseball
New York Post: Major League Baseball's new seven-year deal with Turner Sports is for nearly $3.7 billion at $535 million per season, according to sources. TBS will create a Tuesday game of the week that will be preceded by its reconfigured...
Comcast Elevates Executive to Chairman of NBC Sports
Sports Business Daily: NBC Sports has made Pete Bevacqua the third chair in its history, following Dick Ebersol and Mark Lazarus. Bevacqua's promotion comes two years after he joined NBC Sports Group after a stint as CEO of the PGA of...
Fox Corp Under Fire for Reporting Covid Misinformation
MEL: One woman says she felt powerless against "the barrage of information coming out of Fox News" that her father consumed. "I have no doubt that President Trump and Fox News have caused people to die." Mediaite: Fox News has earned designation as a 2020 Great Place...
Chernin Eyes TV, Film Projects from Podcasts at Spotify
Reuters: Spotify has signed a deal with Chernin Entertainment to adapt the music streaming firm's podcast shows for films and television and sell them to other outlets. The deal will unite Spotify with media mogul Rupert Murdoch's former right-hand...
Spotify CEO to Invest $1 Billion on Start-Ups in Europe
CNBC: Spotify CEO Daniel Ek says he will commit 1 billion euros ($1.2 billion) of his own resources to invest in European start-ups. Ek says he will use the funds to make "moonshot" bets, focusing on health, education, machine learning and...
Amazon Unwraps Echo Redesign, New Gaming Service
USA Today: Amazon unleashed a slew of new products Thursday, including an indoor security drone, car security products, a redesigned Echo speaker with a spherical look and a gaming service. The "all-new" Echo is in a different, ball...
Quibi Founder to Buy Lauder Chief’s California Home
Wall Street Journal: Jeffrey Katzenberg is in contract to buy the Beverly Hills property of Estée Lauder executive chairman William Lauder for close to $30 million. The deal isn't expected to close for a few weeks. Katzenberg recently sold his Beverly Hills home for...
Microsoft Looks Beyond Jobs in Redesign of LinkedIn
TechCrunch: LinkedIn, which built its popular businesses largely around recruitment, is rolling out a redesign that pushes engagement in other ways as it waits for the job economy to pick up. Among other features, LinkedIn is launching its own version of...
Scripps in Deal to Acquire ION Media for $2.65 Billion
Wall Street Journal: EW Scripps has agreed to buy ION Media for $2.65 billion in a move to significantly expand the TV station owner's reach with the backing of Warren Buffett's Berkshire Hathaway. Berkshire plans to make a $600 million preferred-equity investment in...
New York Times CEO Sees 100 Million Paying for News
Press Gazette: Meredith Kopit Levien, the CEO the New York Times, has predicted that 100 million people will have digital English-language news subscriptions in ten years' time. Levien believes that her company can command as much as a quarter of this market....
Conde Nast Operating Chief to Exit Amid Consolidation
WWD: After five years on the job, Wolfgang Blau is waving goodbye to Conde Nast, the latest in a string of high-profile departures from the organization, which has been consolidating its US and UK operations and resizing the business...
Hearst Faces Lawsuit from Former Executive at Esquire
Business Insider: Former Esquire ad executive Lauren Johnson has sued parent company Hearst for sex and age discrimination. MediaPost: Hearst is planning a big investment in larger formats and more editorial pages in its print...
Penske Media May Cut Ties with Founder of Rolling Stone
New York Post: Jann Wenner, the founder of Rolling Stone magazine, could sever ties with the publication after his current contract expires. New York Post: Penske Media's Variety-Hollywood Reporter deal will result in hefty...
Bustle Digital Pitches to Investors with Bullish Forecast
WWD: Bustle Digital Group, the publisher of Bustle, Nylon and Mic, appears to be pitching potential investors amid the pandemic. In its quest, BDG is understood to have shared bullish forecasts, projecting revenues of $121 million and gross profit of $92 million,...
G/O Media Names Hearst Veteran as Technology Officer
PR Newswire: G/O Media has named former Hearst Magazines technology executive Michael Dugan as chief technology officer. Dugan will lead all technology operations, covering development, IT, product and QA efforts across G/O Media's portfolio of...
Facebook, YouTube, Twitter in Ad Pact on Hate Speech
BBC News: Facebook, YouTube and Twitter have agreed to a deal with major advertisers on how they define harmful content. The agreement will see the social networks use common definitions for things such as hate speech, aggression and bullying....
Alphabet Plans Hybrid Work-at-Home Models at Google
CNBC: Google is rethinking its long-term work options for employees, as most of them say they don't want to come back to the office full-time. Sixty-two percent of Google employees want to return to their offices at some point, but not every...
Disney Hits Pause on Major Films Amid Covid Concerns
Los Angeles Times: In another setback for theaters, Disney has delayed the release of its highly anticipated Marvel Studios film “Black Widow” until next year, amid concerns about the global impact of the Covid-19 pandemic on...
Fox Corp’s Murdochs Take Pay Cut in Nod to Pandemic
Deadline: Fox Corp CEO Lachlan Murdoch's compensation totaled $29.15 million for the fiscal year ended in June, down sharply from $42.11 million the year before. His dad, chairman Rupert Murdoch, took home $33.98 million, also below the $42.16 million for fiscal...
ViacomCBS to Keep Showtime as Standalone Streamer
Wall Street Journal: When ViacomCBS unveiled plans last week to launch supersize streaming service Paramount+, something was missing: Showtime. The omission set off a round of speculation about the fate of the premium...
AT&T’s WarnerMedia to Shutter BuzzFeed Rival at CNN
New York Post: CNN is shuttering Great Big Story, the digital video company it launched in 2015. The short-form video network was billed as a way for CNN to reach a younger generation and compete with digital rivals like Vice and...
Quibi Faces Short List of Potential Buyers, Experts Say
Business Insider: Experts have varying views on who might buy Quibi, but all agree it is a hard sell right now. Potential buyers include a telecom like T-Mobile, a content creator like Disney, or a streaming-music company dabbling in video like Spotify....
DAZN Sells Sports Websites to TPG’s Integrated Media
Sports Business: DAZN Group has finalized an agreement to sell a majority stake in its digital football-focused platforms, including Goal.com, to Integrated Media Company, a venture backed by US-based private equity firm TPG...
New York Times’s Sulzberger to Hand Chief Role to Son
New York Post: Arthur "Pinch" Sulzberger Jr. is retiring as chairman of the New York Times Co. at year-end and passing the reins to his 40-year-old son A.G. Sulzberger. Pinch, 69, already passed down the publisher's job to A.G. in...