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☆ Norah O’Donnell to Exit ‘CBS Evening News’
▼ + stars: | 2024-07-30 | by ( Hadas Gold | ) edition.cnn.com time to read: +3 min

New York CNN —Norah O’Donnell will step down as anchor and managing editor of CBS Evening News following the November election, the veteran journalist told colleagues Tuesday in a memo. O’Donnell, who has helmed the venerable evening news program for nearly five years, will transition to a new role as senior correspondent after the election, contributing stories and “big interviews” across CBS’ platforms and shows. In a note to staff Tuesday, O’Donnell said that while she has cherished her time as anchor of CBS Evening News, it was time for a change. “I have spent 12 years in the anchor chair here at CBS News, tied to a daily broadcast and the rigors of a relentless news cycle,” O’Donnell wrote. Earlier this month, CBS parent company Paramount Global announced plans to merge with Skydance Media and a major leadership change.

Persons: Norah O’Donnell, O’Donnell, ” O’Donnell, “, Ingrid Ciprián, Matthews, ” O ” Donnell, Wendy McMahon, ” McMahon, Norah, Neeraj Khemlani, Brian Williams Organizations: New, New York CNN, CBS, CBS Evening, CBS News, Paramount Global, Skydance Media, CBS Media Ventures, CBS Network, Paramount, Sunday, CNN, NBC Nightly Locations: New York

☆ CBS News president Ingrid Ciprián-Matthews abruptly steps down amid Paramount merger
▼ + stars: | 2024-07-10 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

New York CNN —Ingrid Ciprián-Matthews, a three-decade veteran of CBS News who ascended to the role of president in 2023, abruptly announced Wednesday that she will step down from her role as the news organization’s parent company prepares for a complex merger. But today, I have some news of my own to share,” Ciprián-Matthews announced in a memo to employees. The announcement also comes days after Paramount Global, the parent company of CBS News, accepted an offer from Hollywood production studio Skydance Media that will see the two companies merge. Following the merger, Skydance Media plans to install its own leadership team. When she took over as CBS News president, Ciprián-Matthews became the first Latina to hold the influential post at the network’s news division.

Persons: New York CNN — Ingrid Ciprián, Matthews, ” Ciprián, I’ve, ”, Tiffany, Wendy McMahon, Ciprián, I’m, “, ” “ Ingrid, ” McMahon, Neeraj Khemlani, Disney, Kim Godwin Organizations: New, New York CNN, CBS News, “, CBS, Paramount Global, Hollywood, Skydance Media, Ciprián, ABC News Locations: New York

☆ Vivek Ramaswamy is waging an expensive trolling campaign on BuzzFeed
▼ + stars: | 2024-05-29 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

In a letter to BuzzFeed’s board, a copy of which Ramaswamy posted online, the MAGA hardliner and former Republican presidential candidate recommended laying off large swaths of the company’s existing staff. He encouraged BuzzFeed’s board to transform the outlet into a creator-driven platform, suggesting it hire personalities akin to fellow radicals Candace Owens and Tucker Carlson. “Address your audience directly and candidly admit: We failed in our obligation to tell you the truth,” Ramaswamy encouraged BuzzFeed. But it was apparent that he does not view the right-wing entrepreneur’s ideas for the future of BuzzFeed as compelling. “I’m very skeptical it makes business sense to turn BuzzFeed into a creator platform for inflammatory political pundits.

Persons: Vivek Ramaswamy —, —, Ramaswamy, MAGA hardliner, BuzzFeed’s, Candace Owens, Tucker Carlson, BuzzFeed, Donald Trump, ” Ramaswamy, Jonah Peretti, MAGA, ” Jeffrey A Sonnenfeld, “, Vivek, Vivek Ramaswamy, Peretti, ” Peretti, ”, Sonnenfeld Organizations: New York CNN, Republican, “, Yale School of Management, Facebook, Huffington Locations: New York, Covid, BuzzFeed

☆ Vivek Ramaswamy goes activist with Buzzfeed stake, seeks strategic 'shift'
▼ + stars: | 2024-05-22 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Former GOP presidential hopeful Vivek Ramaswamy has an 8% stake in BuzzFeed and is seeking to effect a "shift" in the media firm's strategy, the investor said Tuesday in a filing. "Stay tuned," Ramaswamy told CNBC via a spokesperson. Companies should "do whatever allows them to be most successful over the long run without regard to political, social, cultural or environmental agendas," Ramaswamy told CNBC in a 2023 interview. Ramaswamy has remained close to the Mar-a-Lago circuit after throwing his support behind former President and presumptive GOP nominee Donald Trump. It's unlikely, however, that he will be Trump's vice-presidential pick, given that several GOP operatives and donors have expressed deep opposition.

Persons: Donald Trump, Vivek Ramaswamy, Ramaswamy, BuzzFeed, Jonah Peretti, Buzzfeed, — CNBC's Alex Sherman, Brian Schwartz Organizations: U.S, Republican, Trump, New, GOP, CNBC, Management, Roivant Sciences, Inc Locations: New Hampshire, Laconia , New Hampshire, U.S, BuzzFeed

☆ Meta is considering new paid deals with media publishers for AI training data
▼ + stars: | 2024-05-22 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Meta may need such access to make its generative AI tools, like Meta AI, more effective for users and more competitive in the increasingly crowded market of generative AI search tools and chatbots, the people said. User posts and comments on Facebook or Instagram are not necessarily the type of high-quality training data that generative AI chatbots and search tools need to generate quality outputs. Previously, Zuckerberg said he did not expect the generative AI boom. The US Copyright Office is considering new rules to cover generative AI. Major rival tech companies now fiercely competing in generative AI have already entered into deals with news publishers and media outlets for more access to content to be used as model training data.

Persons: Meta, Mark Zuckerberg, Zuckerberg, Dotdash Meredith, Axel Springer, OpenAI, Kali Hays Organizations: Service, Meta, Facebook, Business, News, Google, US, News Corp, Financial, Associated Press, BI, Politico, Microsoft, The New York Times, Times Locations: Europe, khays@businessinsider.com

☆ The fraud trial of Ozy Media cofounder Carlos Watson has begun. His attorneys have argued race played a role in his indictment.
▼ + stars: | 2024-05-20 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

Read previewAttorneys began jury selection in the criminal fraud trial of Carlos Watson, the cofounder of the fallen digital media startup Ozy Media. This story is available exclusively to Business Insider subscribers. Carlos Watson is a Black man and Ozy Media was majority-owned by people of color." AdvertisementAttorneys for Watson did not immediately respond to a request for comment from Business Insider on Monday. Semafor co-founder, former New York Times columnist, and BuzzFeed News editor in chief Ben Smith and Ozy co-founder Carlos Watson.

Persons: —, Carlos Watson, Watson, Watson's, Semafor, Ben Smith, Ozy, Dia Dipasupil, Kimberly White, Marc Lasry, Laurene Powell Jobs, Ron Conway, Axel Springer, Smith, Samir Rao, Suzee Han, Goldman Sachs Organizations: Service, Ozy Media, Business, Prosecutors, Apple, Google, Vice Media, New York Times, Goldman Locations: Brooklyn , New York, Buzzfeed

☆ TV News Can’t Sidestep Turbulence as Election Approaches
▼ + stars: | 2024-05-06 | by ( John Koblin | ) www.nytimes.com time to read: +1 min

Television news may have never been this unsettled six months before a presidential election. ABC News is in the throes of change, after its president announced on Sunday night that she was leaving. Much of the challenge for television news divisions is, at its core, how to navigate a fast-evolving business. Instead, viewers are flocking to less lucrative streaming services, leaving the parent companies of the networks less sure-footed. And all of this is happening as news organizations face one of the trickiest journalistic assignments: an especially divisive presidential race.

Organizations: ABC, CBS, NBC, CNN

Kim Godwin, the president of ABC News, told employees on Sunday night that she was retiring, capping a tumultuous tenure marked by infighting, damaging leaks and a major shake-up of the news division’s leadership ranks. In an email to employees, Ms. Godwin said that she reached her decision to leave after a period of “considerable reflection.” In a separate note to employees, Debra O’Connell, a longtime Disney executive, said she would be overseeing ABC News. “Anyone who’s passionate about what we do knows there’s no other business like it, so this was not an easy or quick decision,” Ms. Godwin said in her note. “I’m certain it’s the right one for me as I look to the future and prioritize what’s most important for me and my family,” she added. Ms. Godwin, the first Black woman to run a broadcast news division, has had a rocky tenure atop ABC News.

Persons: Kim Godwin, Godwin, Debra O’Connell, ” Ms, “ Organizations: ABC News, Disney, ABC

☆ Patience wears thin at ABC News as frustrated staffers wonder when Disney will make leadership changes
▼ + stars: | 2024-05-03 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

After the meeting concluded, a person familiar with the situation told CNN that Godwin was simply at a prescheduled doctor’s appointment. Regardless, the rampant speculation her absence spurred spoke to the apprehension of staffers, who are thirsty for change and whose patience is wearing thin. Bob Iger is known to pay special attention to ABC News and OConnell wouldn’t have been appointed had Disney brass not felt it necessary. “She knew it was bad, but I don’t think she knew how bad it was,” a network insider told CNN. It’s now up to OConnell to dig ABC News out of the ditch and infuse it with its old swagger.

Persons: Kim Godwin, Godwin, Debra OConnell, Greg Doherty, Bob Iger, OConnell, Akin, Chris Licht’s, It’s Organizations: New York CNN, ABC, CNN, Disney, ABC News Locations: New York, Burbank

☆ Richard Leibner, Agent for Top Broadcast Journalists, Dies at 85
▼ + stars: | 2024-04-12 | by ( Richard Sandomir | ) www.nytimes.com time to read: +1 min

Richard Leibner, a powerful agent whose firm brokered contracts for many of the biggest names in television news, including Dan Rather, Diane Sawyer, Anderson Cooper, Ed Bradley, Morley Safer and Steve Kroft, died on Tuesday at his home in Manhattan. His son Jonathan said the cause was kidney cancer. Mr. Leibner’s firm, N.S. Bienstock — named for one of its founders, Nathan Bienstock — represented hundreds of anchors, reporters, producers and others in network and local television news. The negotiation that grabbed the biggest headlines was for Mr. Rather, then one of the star correspondents of the CBS News program “60 Minutes.”Between late 1979 and early 1980, Mr. Leibner (pronounced LEEB-ner) parlayed interest in Mr. Rather as the evening anchor from all three network news divisions: ABC News, whose president, Roone Arledge, was trying to raise his third-place division’s profile; NBC News, where the evening anchor John Chancellor was hoping to change to a commentary role; and CBS News, where Walter Cronkite had been the evening anchor since 1962.

Persons: Richard Leibner, Dan Rather, Diane Sawyer, Anderson Cooper, Ed Bradley, Morley, Steve Kroft, Jonathan, Leibner’s, Bienstock —, Nathan Bienstock —, Rather, Leibner, Roone Arledge, John Chancellor, Walter Cronkite Organizations: CBS, ABC, NBC Locations: Manhattan

☆ CBS News is trying something new in streaming
▼ + stars: | 2024-04-10 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —CBS News is overhauling its streaming platform. We sent some questions over to McMahon about CBS News’ ambitions in the streaming space. Can you elaborate on the decision-making process that led to the expansion and rebranding of CBS News’ streaming platform? CBS was the first network to launch streaming channels …. We’re combining the newsgathering and speed of our local teams with national scale and depth to serve all of America.

Persons: Tiffany, Wendy McMahon, ” John Dickerson’s, McMahon, It’s Organizations: New York CNN, CBS, CBS News, CNN, NBC News, CBS Stations Locations: New York, Cleveland, Las Vegas, America, Midwest, newsrooms

☆ Corporate Polish Meets Partisan Reality for NBC’s News Chief
▼ + stars: | 2024-03-29 | by ( Michael M. Grynbaum | John Koblin | ) www.nytimes.com time to read: +1 min

Cesar Conde is not the typical leader of a major news institution. A Wharton-trained executive who revived the fortunes of Telemundo and sits on the boards of Pepsi and Walmart, Mr. Conde had limited experience in journalism when, in 2020, he became the chairman of NBC’s sprawling news division, including MSNBC, CNBC, and franchises like “Meet the Press,” “Nightly News” and the “Today” show. Now he is trying to navigate the biggest crisis of his tenure: a journalistic firestorm that prompted an open revolt among his stars and has fueled internal questions about just how neatly Mr. Conde’s corporate experience and ambitions gel with the unique challenges of the news business. The blowback facing Mr. Conde, 50, a former fellow in George W. Bush’s White House who prides himself on having an even-keeled, nonpartisan reputation, is coming from both sides of the aisle. Left-leaning fans of MSNBC felt betrayed, and Republican officials are mocking NBC as biased, even threatening to bar its reporters from this summer’s nominating convention.

Persons: Cesar Conde, Wharton, Conde, Ronna McDaniel, Mr, Donald J, George W, Bush’s Organizations: Telemundo, Pepsi, Walmart, Mr, MSNBC, CNBC, Press, Republican National Committee, NBC

☆ NBC’s Ronna McDaniel disaster is dragging Comcast into the political firestorm
▼ + stars: | 2024-03-28 | by ( Oliver Darcy | ) edition.cnn.com time to read: +8 min

It’s difficult to succinctly summarize the disastrous state of affairs at the news division, given that multiple engines are failing simultaneously. sand and refusing to dump McDaniel until after his top television personalities, including Chuck Todd and Rachel Maddow, went on the air and excoriated the hire. Ironically, NBC News’ attempt to make inroads with Republicans through the hiring of McDaniel has had the opposite effect. On Wednesday, Trump spent part of the day ranting on Truth Social against the Comcast boss over the McDaniel disaster, characterizing Roberts as a weak leader whose employees are running amok. I asked Comcast spokespeople on Wednesday if either Roberts or Cavanagh were taking any action.

Persons: Brian Roberts, Cesar Conde, Conde, “, Ronna McDaniel, McDaniel, Chuck Todd, Rachel Maddow, Puck’s Dylan Byers, Byers, Carrie Budoff Brown, Republican Richard Walters, Todd, ” Brown, Richard Walters, Stephen Labaton, Labaton bashed, Labaton, Rashida Jones, Jones, Rebecca Blumenstein, Blumenstein, I’m, Elon Musk, Donald Trump’s, Biden, Tom Cotton, Roberts, Trump, ” Trump, It’s, can’t bode, Conde’s, Michael Cavanagh, Cavanagh Organizations: New York CNN, Comcast, NBC News, NBC Universal News Group, Republican National, NBC, MSNBC, NBC News ’, Republican, NBCU, Fox, The New York Times, NBCU News, –, Comcast spokespeople Locations: New York, Miami, Washington, MSDNC

☆ In Saga of NBC and Ronna McDaniel, Perks and Perils of Partisan Talk on TV
▼ + stars: | 2024-03-27 | by ( Michael M. Grynbaum | John Koblin | ) www.nytimes.com time to read: +1 min

Trying to juice ratings in an election year, a major TV network hired a pair of provocative commentators from the political establishment to inject some spiky opinion into its otherwise-staid campaign coverage. These days, the role of the “paid contributor” — a commentator on contract, to bloviate on demand — is fully baked into the TV news ecosystem. Or, in the case of Ronna McDaniel, as the former chairwoman of the Republican Party. Ms. McDaniel’s tenure as a paid contributor at NBC News was less successful than those of many of her peers. (Her two immediate predecessors as Republican leader, Michael Steele and Reince Priebus, work for MSNBC and ABC News.)

Persons: Gore Vidal, William F, Buckley Jr, —, ”, Ronna McDaniel, McDaniel’s, Michael Steele, Reince, McDaniel, Donald J Organizations: ABC News, West Wing, Republican Party, NBC, MSNBC, ABC

☆ NBC News faces a '5-alarm fire' from its own staff over the hiring of former RNC chair Ronna McDaniel
▼ + stars: | 2024-03-25 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Some of the highest-profile journalists at NBC are pushing back against the network's hiring of Ronna McDaniel. Chief political analyst Chuck Todd on Sunday said many at NBC are "uncomfortable" with the McDaniel hire. On Monday, "Meet the Press" hosts Joe Scarborough and Mika Brzezinski said McDaniel wouldn't appear on their program. AdvertisementAfter NBC News announced that it had hired former Republican National Committee chair Ronna McDaniel as a paid contributor late last week, the pushback from media critics was immediate. In a highly-unusual move, NBC News journalists including former "Meet the Press" moderator Chuck Todd and "Morning Joe" hosts Joe Scarborough and Mika Brzezinski openly criticized the hiring of McDaniel.

Persons: Ronna McDaniel, Chuck Todd, McDaniel, Joe Scarborough, Mika Brzezinski, McDaniel wouldn't, —, Donald Trump, Joe, It's, Oliver Darcy, Darcy, Todd, Kristen Welker —, Welker, ”, Joe ”, Ronna McDaniel pic.twitter.com, gaslighting, Brzezinski, Scarborough Organizations: NBC, Sunday, Press, Service, NBC News, Republican National Committee, CNN, Trump Republicans, MSNBC, RNC, Politico, Scarborough, Republicans

☆ BuzzFeed sells Complex Networks for less than half of what it paid and slashes 16% of staff
▼ + stars: | 2024-02-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

“This is also an opportunity to unlock greater value for the Complex brand by combining it with NTWRK’s expansive, commerce-driven business.”The uniting of NTWRK and Complex is, indeed, something of a natural marriage. NTWRK serves as a marketplace for many of the items that Complex covers, such as sneakers. BuzzFeed has been something of an avatar for such struggles among digital publishers. In April, BuzzFeed shut down BuzzFeed News, its award-winning news division that once boasted hundreds of employees and bureaus around the world. Reuters reported last week that The Independent is in talks to take control of the company’s UK operations.

Persons: BuzzFeed, Jonah Peretti, ”, Peretti, NTWRK, ” Peretti, Jimmy Iovine, Goldman Sachs, TikTok Organizations: New, New York CNN, Networks, Digital, New York Times, CNN, Reuters, ”, Universal Music Group, Main Street Advisors, Universal Locations: New York

☆ Debra OConnell to Oversee News at Disney
▼ + stars: | 2024-02-14 | by ( John Koblin | More About John Koblin | ) www.nytimes.com time to read: +1 min

The Walt Disney Company announced on Wednesday that a longtime executive at the company, Debra OConnell, would become the president of a newly created division that will include ABC News and the company’s local stations. Image Debra OConnell will become the president of a newly created division that will include ABC News and the company’s local stations. Credit... Randy Shropshire/Variety, via Getty ImagesThe reorganization mirrors what has taken place at other network news divisions. Several executives at NBC News report to Cesar Conde, the chairman of the so-called NBCUniversal news group, a division that includes local news and cable networks like MSNBC. Wendy McMahon, the president of CBS News, also oversees local stations.

Persons: Debra OConnell, OConnell, ” Kim Godwin, Debra, ” Dana Walden, Randy Shropshire, Cesar Conde, Wendy McMahon Organizations: Walt Disney Company, ABC, America, ABC News, Disney Entertainment, Variety, Getty, NBC, MSNBC, CBS News

☆ Google’s Once Happy Offices Feel the Chill of Layoffs
▼ + stars: | 2024-02-05 | by ( Nico Grant | ) www.nytimes.com time to read: +1 min

When Diane Hirsh Theriault’s co-worker returned from lunch to Google’s Cambridge, Mass., office one afternoon in October, his work badge couldn’t open a turnstile. He quickly realized it was a sign that he had been laid off. Ms. Hirsh Theriault soon learned that most of her fellow Google News engineers in Cambridge had also lost their jobs. More than 40 people in the news division were cut, a company union said, though a number of them were later offered jobs elsewhere inside Google. Ms. Hirsh Theriault’s experience is increasingly common at Google, where rolling job cuts in recent months, after a year of significant layoffs, have employees on edge.

Persons: Diane Hirsh Theriault’s, Hirsh Theriault, Hirsh Theriault’s Organizations: Google Locations: Cambridge

☆ Biden to Sit Out Super Bowl Interview for Second Year in a Row
▼ + stars: | 2024-02-03 | by ( Michael M. Grynbaum | More About Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

President Biden is sitting out the Super Bowl for the second year in a row. In a tradition dating to 2009, presidents have recorded an interview with the network that broadcasts the Super Bowl, although there have been exceptions. Last year, Mr. Biden declined to appear on Fox, home of cable hosts like Sean Hannity who are sharply hostile toward him. But the White House has been receptive to CBS News in the past. “We hope viewers enjoy watching what they tuned in for — the game,” Ben LaBolt, the White House communications director, said in a statement on Saturday.

Persons: Biden, Donald J, Trump, Sean Hannity, Norah O’Donnell, Scott Pelley, ” Ben LaBolt Organizations: Super Bowl, CBS, White, NBC, Fox, CBS News, White House

☆ Google cuts hundreds of jobs across engineering, hardware teams
▼ + stars: | 2024-01-11 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Google cut several hundred jobs across the company late Wednesday night as it continues to push for efficiency and focus on its "biggest product priorities," a spokesperson confirmed to CNBC. The layoffs will impact employees within Google's hardware and central engineering teams, as well as workers across Google Assistant, its voice-activated software product. Other parts of the company were also affected, according to Google. Last January, Google slashed its workforce by 12,000 people, or roughly 6% of its full-time employees. "Some teams are continuing to make these kinds of organizational changes, which include some role eliminations globally."

Persons: Bard Organizations: Google, CNBC, Microsoft

☆ After year of ‘fixing things,’ Bob Iger tells Disney employees his plans to reshape the company for the future
▼ + stars: | 2023-11-29 | by ( Oliver Darcy | ) edition.cnn.com time to read: +7 min

Iger has had nothing short of a full plate since retaking the throne of the Magic Kingdom last year. He’s been tasked with repositioning ESPN in a direct-to-consumer future, reversing the company’s faltering creative engine (e.g. In short, it’s been a demanding 12 months for the legendary Disney chief — something Iger was not shy about. But it is still unclear what Iger would like to do with some of the company’s declining television assets, namely ABC. “I’ve been through some difficult times and faced a lot of adversity as a company,” Iger told Disney employees, “and I know that each time we get through it.”

Persons: Bob Iger, Iger, David Muir, He’s, it’s, ” “, ” Iger, “, I’ve, he’s, Will, Muir, ”, Dana Walden, ” Walden, Jimmy Pitaro, Mickey Mouse, ” Pitaro, Pitaro Organizations: CNN, New Amsterdam Theatre, Disney, “, ABC, Magic, ESPN, Marvel Studios, Hulu, Hollywood, Walt Disney Company, ABC News, Disney Entertainment Locations: New York City, —, Israel

☆ Vice to end several news shows and lay off dozens of staffers in hollowing out of news division
▼ + stars: | 2023-11-09 | by ( Liam Reilly | ) edition.cnn.com time to read: +2 min

CNN —Vice Media, the one-time digital media darling that has seen its value and influence greatly diminish in recent years, moved on Thursday to further hollow out its once prestigious news division, shutting down several shows and laying off dozens of staffers. “To be clear, Vice News is not going away,” the company’s co-chief executives, Bruce Dixon and Hozefa Lokhandwala, said in a memo to staff obtained by CNN. “Vice will continue to produce digital news, as well as Vice News documentaries, both series and films, for FAST Channels, streaming services and other partners.”In April, Vice Media ended “Vice News Tonight,” its flagship program, citing restructuring that would result in cuts across the organization, CNN previously reported. In June, the digital media company was purchased by three investment companies, including Fortress Investment Group, for $350 million. A person familiar with the matter said “less than 100” staffers would be laid off.

Persons: “, Bruce Dixon, Hozefa Lokhandwala, ”, Dixon, Lokhandwala, CJTtiYXJML —, ” CNN’s Oliver Darcy Organizations: CNN —, Media, CNN, “, FAST, Fortress Investment, Union, Company

The Thomson Reuters logo is pictured on a building in the Manhattan borough of New York City, New York, U.S. November 16, 2021. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Nov 1 (Reuters) - Thomson Reuters Corp (TRI.TO) on Wednesday reported higher-than-expected third-quarter profit as its biggest divisions serving legal, tax and accounting professionals performed well amid economic uncertainty. Organic revenues in the Legal Professionals segment increased 6%, while total revenue fell 2%, reflecting sales of some divisions. Thomson Reuters has earmarked $10 billion for acquisitions and about $100 million per year in investments in AI capabilities. In August, the company closed its $650 million cash acquisition of Casetext, a California-based AI company that helps legal professionals conduct research, analysis and prepare documents using generative AI.

Persons: Carlo Allegri, Thomson, Steve Hasker, ” Hasker, Hasker, Helen Coster, Nick Zieminski Organizations: Thomson Reuters, REUTERS, Thomson Reuters Corp, ”, Microsoft, Elite, TPG, Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, California

☆ Startup employees are reeling as they brace for back-to-back rounds of layoffs: 'When it happens again, you start to lose that confidence and faith in your leadership.'
▼ + stars: | 2023-10-25 | by ( Samantha Stokes | Madeline Renbarger | ) www.businessinsider.com time to read: +9 min

For the startup employees interviewed by Insider, the constant threat of layoffs is having a detrimental effect on company morale. said one employee working at a growth stage startup that's conducted three rounds of layoffs this year. For Reay, the former Sendoso employee, constant rounds of layoffs gave him and his surviving colleagues "strategy whiplash." "When it happens again, you start to lose that confidence and faith in your leadership." Some startup employees are reconsidering their future in the industryAs startup employees brace for the potential of more job cuts, they say that the experience has them second-guessing whether to stay in the industry at all.

Persons: Sean Reay, it's, Reay, SoftBank, Sendoso, what's, I'm, Raey, SchoolMint, I've, you'd, he's, Jackie Xu, Xu Talent, Kleiner Perkins, Xu, you've Organizations: Facebook, Meta, Twitter, Sendoso, GV, Google, Employees Locations: San Diego, That's, SPAC

☆ Alphabet to report third-quarter earnings after the bell
▼ + stars: | 2023-10-24 | by ( Jennifer Elias | ) www.cnbc.com time to read: +3 min

Alphabet is set to report third-quarter earnings after the bell Tuesday. During the third quarter, Google made focused layoffs in various business organizations within the company. In the latest quarter, Google reshuffled its smart assistant that included layoffs as part of an effort to "supercharge" products with AI. Earlier this month, product managers and designers for Google's ChatGPT competitor Bard were reportedly skeptical about the tool's helpfulness. Along with the changes in its business, Google has seen a dramatic shake-up in its upper ranks.

Persons: StreetAccount, it's, Sergey Brin, Google's, hyping, Bard, Ruth Porat, CNBC she'll, Eddy, Apple's, iPhones Organizations: LSEG, Google, TikTok, CNBC, Department of Justice Locations: Zurich, Switzerland

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