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☆ Google's latest job cuts were pretty targeted and reportedly included several 'director decapitations'
▼ + stars: | 2023-10-21 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

The cuts were pretty targeted and made to "streamline" the company, Command Line reported. Google also cut several hundred employees in its recruiting division last month. The company didn't tell Insider exactly how many roles were affected, but roughly three dozen employees seem to have been cut, Command Line reported. At an all-hands meeting on Wednesday following the layoffs, Google News VP, Shailesh Prakash, said the cuts were made to "streamline" the company, Command Line reported, citing unnamed sources. Sources who heard Prakash's comments also told Command Line that he singled out the increase in employees in Level 8 and Level 9 roles.

Persons: —, decapitations, Shailesh Prakash, Prakash Organizations: Google, Command, Service, Google News

☆ Google cut 40 jobs in its news division the same week its CEO promised to focus on content moderation: report
▼ + stars: | 2023-10-19 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Google cut an estimated 40 to 45 jobs in its Google News division this week, according to CNBC. Google CEO Sundar Pichai said on Tuesday that content moderation is a "critical focus" for the company right now. The tech giant laid off an estimated 40 to 45 workers at Google News, according to the Alphabet Workers Union, per CNBC. Google and the Alphabet Workers Union did not immediately respond to Insider's request for comment. We will continue to tackle disinformation, hate speech, graphic content and terrorist content."

Persons: Sundar Pichai, —, Benjamin Netanyahu, Shayan, Michael Bennet Organizations: Google, Google News, CNBC, Service, Alphabet Workers Union, Hamas, BBC, Twitter Locations: Israel, Gaza

☆ An off-duty Israeli soldier saved lives at the Nova music festival by fending off at least 6 grenades before one killed him
▼ + stars: | 2023-10-19 | by ( Lloyd Lee | Alisa Shodiyev Kaff | ) www.businessinsider.com time to read: +2 min

More than 250 people were killed in an attack by Hamas at the Nova music festival. Aner Shapira, an off-duty soldier, stood at the entrance of a shelter and blocked grenades. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementA 22-year-old off-duty soldier died while protecting Nova music festival attendees by fending off grenades during the Hamas terrorist attacks on October 7. One unidentified father told Shapira's parents over the phone during the interview that his son survived the attack thanks to Shapira.

Persons: Aner Shapira, —, Shapira's, Shelly Smolrnko, Shapira Organizations: Nova, Service, Israel Defense Forces, Kan News, Israel Public Broadcasting Corporation Locations: Israel, Kibbutz Reim

☆ Google cuts dozens of jobs in news division
▼ + stars: | 2023-10-18 | by ( Jennifer Elias | ) www.cnbc.com time to read: +3 min

Google cut dozens of jobs in its news division this week, CNBC has learned, downsizing at a particularly sensitive time for online platforms and publishers. An estimated 40 to 45 workers in Google News have lost their jobs, according to an Alphabet Workers Union spokesperson, who didn't know the exact number. A Google spokesperson confirmed the cuts but didn't provide a number, and said there are still hundreds of people working on the news product. The cuts in Google News follow widespread layoffs across many parts of the company this year. In January, Google announced it was cutting 12,000 jobs, affecting roughly 6% of the full-time workforce.

Persons: We're, We've, Sen, Michael Bennet, TikTok, Thierry Breton, Breton, Sundar Pichai, Neal Mohan, Google's, they've Organizations: Google, CNBC, Google News, Alphabet Workers Union, Union, YouTube, EU's Digital Services, LinkedIn Locations: Israel, Gaza, Russia, Ukraine, Canada

☆ Starboard says Rupert Murdoch's News Corp should break up
▼ + stars: | 2023-10-17 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

Jeff Smith, CEO and chief investment officer of Starboard Value, L.P., speaks at a panel discussion at the SALT conference in Las Vegas May 14, 2014. Smith's remarks at the 13D Monitor Active Passive Investor Summit came after Reuters revealed last week that Starboard had become a News Corp shareholder, a prelude to a potential shake-up at Murdoch's media empire. "We believe separate news and real estate assets could help unlock $7 billion or more in value," he added. Starboard, which has pushed for changes at companies ranging from Salesforce (CRM.N) to Darden Restaurants <DRI.N,> would struggle to shake up News Corp without Murdoch's consent. If News Corp separates its real estate assets, shareholders would benefit, Smith said.

Persons: Jeff Smith, Rick Wilking, Rupert, Smith's, Smith, REA, Murdoch, Lachlan, Svea Herbst, Bayliss, Sharon Singleton, David Gregorio Our Organizations: SkyBridge, Rupert Murdoch's News Corp, 13D, Investor, Reuters, News Corp, Dow Jones, Street, Darden, Corp, Svea, Thomson Locations: Las Vegas

☆ Starboard CEO makes case for spinning off real estate assets from WSJ owner News Corp
▼ + stars: | 2023-10-17 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

– in particular to see its real estate business separated from the rest of the company. Smith said News Corp. should split out its real estate assets, including an interest in REA Group of Australia. On Tuesday, Smith called out the valuation discrepancies between the news and real estate businesses. Meanwhile, News Corp.'s real estate assets trade at eight-times, he said. "It's a great business, a great asset, it's just too cheap," Smith said of News Corp.'s stock price.

Persons: Jeffrey Smith, CNBC's David Faber, Smith, Murdoch, It's, it's Organizations: News Corp, –, REA Group of Australia . News Corp, Dow Jones, Wall Street, New, CNBC, Reuters, Street, Fox Corp, New York Times Locations: New York

☆ Starboard Value CEO Jeff Smith on stake in News Corp., push for separation of divisions
▼ + stars: | 2023-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarboard Value CEO Jeff Smith on stake in News Corp., push for separation of divisionsStarboard Value CEO Jeff Smith joins 'Squawk on the Street' to discuss the Starboard's stake in News Corp., why he believes it makes sense for News Corp. to spin off its Dow Jones news division and its REA real estate division, and more.

Persons: Jeff Smith, REA Organizations: News Corp, Dow Jones

☆ Heather Haddon — Reporter at The Wall Street Journal
▼ + stars: | 2023-10-16 | by ( Heather Haddon | ) www.wsj.com time to read: 1 min

Heather HaddonHeather Haddon covers restaurants from The Wall Street Journal's Chicago bureau, where she has broken news on companies such as Starbucks and McDonald’s. She frequently discusses her reporting on national television and radio outlets. Heather previously covered supermarkets for the Journal, reporting on chains like Whole Foods Market and analyzing the rise of food delivery. She started at WSJ’s New York office, where she covered New Jersey politics and helped reveal the “Bridgegate” political scandal. Prior to the Journal, Heather was a news reporter at the New York Post, amNewYork and the Herald News division of the Bergen Record.

Persons: Heather Haddon Heather Haddon, Heather Organizations: Foods, WSJ’s, Republican, New York, amNewYork, Herald News, Bergen Locations: Chicago, York, New Jersey

☆ ABC News staffers ‘freaking’ out over reports Disney is in talks to sell the outlet
▼ + stars: | 2023-09-14 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

Bloomberg’s Christopher Palmeri and Thomas Buckley reported that Disney has “held exploratory talks” about selling ABC to Nexstar Media Group. The duo also reported that media mogul Byron Allen has also spoken with Disney about a possible deal. “Everyone is freaking the f**k out,” one ABC News staffer bluntly told me about the state of affairs inside the network. Whether a deal to offload ABC and Disney’s linear stations is ultimately in the cards remains to be seen. “I’m ridiculously passionate about news,” Iger told senior company leaders.

Persons: Bloomberg’s Christopher Palmeri, Thomas Buckley, Byron Allen, ”, anxiousness, Will, Robert F, Kennedy Jr, Disney, Bob Iger’s, ABC News’ers, they’re, Iger —, ” Iger, “ Organizations: CNN, ABC News, Disney, Magic Kingdom, ABC, Nexstar Media Group, Nexstar, CW, ESPN, Bloomberg, CNBC, Sun Locations: New York City

☆ Disney's wildest ride: Iger, Chapek and the making of an epic succession mess
▼ + stars: | 2023-09-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +88 min

Iger told Chapek that he lived for those "two-shower days," according to people familiar with the conversation. In January 2020, Iger told Chapek the plan was back on. During his 27 years at the company, Chapek had only attended one annual meeting — as a guest in the audience. Bob Iger, Disney CEO, during a CNBC interview, Feb. 9, 2023. WATCH: Disney CEO Bob Iger's exclusive July 2023 CNBC interviewTake the 'A'During Chapek's tenure as CEO, Disney lost more than a quarter of its market value.

Persons: Elham, Bob Iger, Bob Chapek, Iger, wasn't, Chapek, Michael Eisner, —, who's, he's, Clint Eastwood, Eastwood, Arthur Bochner, Jackie Hart, Kareem Daniel, Chapek —, Eisner, Michael Ovitz, Ovitz, Bob, Disney's, Kevin Mayer, Mayer, Bryan van der Beek, he'd, Tom Staggs, Staggs, Staggs —, Steve Jobs, cajoled Ike Perlmutter, George Lucas, Rupert Murdoch, Iger's, Susan Arnold, Arnold, Peter Rice, David Paul Morris, Rice, CNBC's Julia Boorstin, Mark Parker, Mary Barra, Michael Froman, Willow, Parker, John Donahoe, Roy Disney, Walt Disney, Stanley Gold, David A, CNBC Eisner, Big Bob, Little Bob, Christine McCarthy, Patrick T, He'd, McCarthy, Iger —, Coronavirus, Gavin Newsom, Michael Kovac, curtly, Nancy Pelosi, Chuck Schumer, Ben Smith, Smith, Disney, Randy Shropshire, Agnes Chu, Ricky Strauss, Chu, Strauss, Kevin Feige, Kathleen Kennedy, Who's, Alan Bergman, Bergman, Bob Kyncl, Daniel —, Iger didn't, Daniel rankled, Daniel, Chapek didn't, James Pitaro, Jesse Grant, CNBC Chapek, Jimmy Pitaro, Zenia Mucha, didn't, Mucha, Barbara Walters, Charles Eshelman, Scarlett Johansson, Scarlett Johansson —, Florence Pugh, Natasha, Yelena, " Johansson, Bryan Lourd, Johansson, Lourd, Steven Spielberg, Al Michaels, David Muir, Robin Roberts, Michael Strahan, Spielberg, Geoff Morrell, Alan Braverman, Alan Horn, Jayne Parker, Bochner, Claire Lee, Paul Richardson, Josh D'Amaro, Ron DeSantis, Morrell, Disney Animation —, George Floyd, Reba Saldanha, Reuters Chapek, DeSantis, Nicholas Maldonado, Octavio Jones, Chapek she'd, we're, " Morrell, CNN's Chris Wallace, Kristina Schake, John Skipper, Daniel steamrolled, Latondra Newton, Newton, Charles Krupa, Pitaro, NBCUniversal's Peacock, Dana Walden, Thomas Murphy, Josh Kushner, Privately, Schake, Barack Obama, Michelle Obama, Michelle Obama's, David Dee Delgado, Kara Swisher, hadn't, Netflix's, overhiring, McCarthy hadn't, Safra Catz, Kareem, DMED, Horacio Gutierrez, Justin Warbrooke, Alexia Quadrani, Bryan Castellani, Michael Buckner, Quadrani, Lindsay Lohan, Winnie, Nelson Peltz, Catz, Donald Trump's, they'd, Walden, Gutierrez, D'Amaro, Rich Polk, Walden he'd, Iger she'd, Mickey Mouse, Mark Rightmire, haven't, Indiana Jones, Halle Bailey, Ariel, Hamilton Faber, Rich Greenfield, Bob Iger's, — Mayer, McCarthy —, doesn't, they'll Organizations: Disney, Marvel, CNBC, Bloomberg, Getty, Walt Disney, Indiana University, Michigan State University, Shanghai Disney, Man, Hong Kong Disneyland, Walt Disney Parks, Resorts, Pixar, Fox, Chapek, Nike, General, Mastercard, Foreign Relations, University of Pennsylvania, Grogan, Disney's, Fallon, ABC, ESPN, ABC News, California Gov, New York Times, Disney confidants, Hollywood, Marvel Studios, Lucasfilm, Walt Disney Television, Walt Disney Studios, Hulu, HBO Max, Walt Disney Company, YouTube, Companies, Netflix, Apple, Disney Media, Entertainment, Stanford, Rights, Junior, petulant, Filmmagic, Brunswick Group, Covid, CAA, onetime Defense Department, Century Fox, Human, Florida Gov, Republican, Disney Animation, Reuters, Human Rights, HRC, Walt Disney World, Employees, American Foundation for Equal Rights, AP, Amazon Prime, Paramount, South Pacific, Capital Cities, Dow Jones, CVS, Kingdom, Variety, Trian Partners, Charter Communications, U.S, Comcast, Charter's, MediaNews, Orange, Allen, Co, Candle Media, Advisors Locations: Burbank , California, Midwestern, Brentwood, Los Angeles, Westlake Village, Iger, Hammond , Indiana, Shanghai, China, Hong, Fox, Willow Bay, Raleigh , North Carolina, Orlando, U.S, Hulu, Iger's Brentwood, coronavirus, Brunswick, Hollywood, Hawaii, Disney's, Marvel's, Anaheim , California, Montana, Florida, Rye , New Hampshire, Chapek, Hong Kong, California, missteps, South, DMED, Burbank, New York, India, Atlantic, Sun Valley , Idaho, America

☆ CNN names former New York Times CEO Mark Thompson as its chief
▼ + stars: | 2023-08-30 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +9 min

Mark Thompson is stepping in as the next CEO and chairman of CNN. Discovery CEO David Zaslav told staff in a note Wednesday. Before closing the deal, Zaslav had appointed Licht as CNN's CEO, who was previously the chief executive behind the "CBS This Morning" news program and "Morning Joe" on MSNBC. While network executives Amy Entelis, Virginia Moseley, Eric Sherling and David Leavy led CNN since Licht left CNN, Warner Bros. Shortly, we will announce that highly respected news executive Mark Thompson will be joining our leadership team as Chairman and CEO, effective October 9, reporting directly to me.

Persons: Mark Thompson, Thompson, Chris Licht, Thompson's, David Zaslav, Jeff Zucker, –, Andrew Cuomo, Zucker's, Chris Cuomo, Zucker, Zaslav, Licht, Joe, network's, Donald Trump, Kaitlan Collins, Amy Entelis, Virginia Moseley, Eric Sherling, David Leavy, Read, Mark, Amy, Eric, I've, David Read, you've, David Zaslav's, Wagner, you'll Organizations: CNN, Parent, Warner Bros, Discovery, The New York Times, BBC, Warner Bros . Discovery, Max, New York Gov, MSNBC, CNN Worldwide, Times, Tiananmen Locations: U.S, David, Virginia, London, Washington, DC

☆ Gannett to pause AI experiment after botched high school sports articles
▼ + stars: | 2023-08-30 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —Newspaper chain Gannett has paused the use of an artificial intelligence tool to write high school sports dispatches after the technology made several major flubs in articles in at least one of its papers. Several high school sports reports written by an AI service called LedeAI and published by the Columbus Dispatch earlier this month went viral on social media this week — and not in a good way. Many of the reports feature identical language, describing “high school football action,” noting when one team “took victory away from” another and describing “cruise-control” wins. Gannett has paused its experiment with LedeAI in all of its local markets that had been using the service, according to the company. CNET earlier this year also paused an experiment using AI to write stories after it was forced to issue multiple corrections on AI-generated reports.

Persons: LedeAI, “, Axios, ”, ” LedeAI Organizations: New, New York CNN — Newspaper, Gannett, Columbus Dispatch, Machine, Worthington, CNN, Louisville Courrier, AZ, Milwaukee Journal Sentinel, Dispatch, CNET Locations: New York, Ohio, AZ Central, Florida, ”, “, OpenAI

☆ Analysis: Fox News is trying to sugarcoat its right-wing propaganda. Some news outlets are falling for it
▼ + stars: | 2023-08-22 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

If newsrooms somehow didn’t comprehend what Fox News really was before that explosive lawsuit, there isn’t an excuse now. Most outlets still haven’t worked up the courage to describe Fox News as a “right-wing channel.” The WaPo on Tuesday didn’t even refer to the outlet’s prime time bloc of Donald Trump propagandists in such terms. It should not be difficult or controversial to describe Fox News as right-wing. The channel has evolved in disturbing ways, having morphed from a traditionally conservative news network into a MAGA propaganda monster. At this point, failing to point out this unsightly reality might just say more about those media outlets than Fox News itself.

Persons: Rupert, Lachlan Murdoch, Suzanne Scott, Jay Wallace, —, Bret Baier, Martha MacCallum, MacCallum, haven’t, Donald Trump, Sean Hannity, MAGA Organizations: CNN, Fox News, Republican Party, Voting Systems, Dominion, Fox, GOP, Trump

☆ CBS News Names New Chief Executive
▼ + stars: | 2023-08-15 | by ( Benjamin Mullin | More About Benjamin Mullin | ) www.nytimes.com time to read: 1 min

CBS News has named Wendy McMahon as its next chief executive, overseeing the news division, its network of stations and its TV syndication arm. Ms. McMahon was previously president of CBS News and its stations, splitting duties with Neeraj Khemlani, who also held that title. Mr. Khemlani stepped down on Sunday, striking a multiyear deal to develop content for the company. George Cheeks, the chief executive of CBS, said in a note to employees on Monday that Ms. McMahon’s appointment was part of a broader reorganization of the division’s national and local news businesses. “I firmly believe that Wendy is the ideal leader for these groups at this critical juncture,” Mr. Cheeks wrote.

Persons: Wendy McMahon, McMahon, Neeraj Khemlani, Khemlani, George Cheeks, McMahon’s, Wendy, Mr, Cheeks Organizations: CBS, CBS News

☆ CBS News Chief Neeraj Khemlani is stepping down from his role
▼ + stars: | 2023-08-13 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

CNN —CBS News President and co-head Neeraj Khemlani, who has led the Tiffany Network’s news division and local TV stations for a little more than two years, abruptly announced Sunday that he would step down from his role. “I have some news to share today, and I don’t want to bury the lede,” read a memo from Khemlani to staffers. During his tenure, Khemlani bolstered CBS News’ reporting ranks, luring prominent journalists such as Robert Costa and Cecilia Vega to the outlet. The CBS News chief was the subject of a human resources probe earlier this year. Khemlani is the third network news chief to exit in 2023.

Persons: Khemlani, Tiffany, “, ”, I’ve, ” Khemlani, Simon, Simon & Schuster, Wendy McMahon, George Cheeks, Robert Costa, Cecilia Vega, Chris Licht, Noah Oppenheim Organizations: CNN, CBS, Simon &, Khemlani, CBS News, Evening, ”, NBC, ABC, NBC News

☆ CBS News President Steps Down
▼ + stars: | 2023-08-13 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: 1 min

The CBS News president Neeraj Khemlani stepped down on Sunday after a little more than two years in his post, the latest executive reshuffling in a tumultuous period for television news. Mr. Khemlani had been in charge of flagship programs such as “CBS Evening News,” and “60 Minutes.” He will remain at CBS in a different capacity, he told staff in an internal email. He has signed a multiyear deal to develop content for the conglomerate, including documentaries, series and books. “It’s an opportunity that will allow me to write, report and develop stories that I’ve long wanted to pursue,” Mr. Khemlani said in the email. He had been co-head of the news division with the local news veteran Wendy McMahon, who will remain in her role.

Persons: Neeraj Khemlani, reshuffling, Khemlani, “, ” Mr, Wendy McMahon Organizations: CBS, CBS Evening

☆ Thomson Reuters' profit beats estimates; outlook steady
▼ + stars: | 2023-08-02 | by ( Helen Coster | ) www.reuters.com time to read: +4 min

The Thomson Reuters logo is pictured on a building in the Manhattan borough of New York City, New York, U.S. November 16, 2021. The news and information company reported adjusted earnings of 84 cents per share, 6 cents ahead of estimates. Total revenue rose 2% in the quarter to $1.65 billion, slightly missing expectations, according to Refinitiv. Thomson Reuters maintained its full-year 2023 outlook for organic revenue, adjusted EBITDA margin and free cash flow. Reporting by Helen Coster Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Allegri, divestitures, Steve Hasker, Thomson, –, Michael Eastwood, Hasker, Eastwood, Helen Coster, Nick Zieminski Organizations: Thomson Reuters, REUTERS, Thomson Reuters Corp, Accounting, company’s Elite, TPG, London Stock Exchange, Reuters News, Thomson Locations: Manhattan, New York City , New York, U.S, Britain, California

The cable company Altice USA is said to be weighing a potential sale of Cheddar News, the network once billed as “CNBC for millennials,” less than five years after buying the company. Altice USA has hired Goldman Sachs to help explore strategic alternatives for Cheddar News, according to three people with knowledge of the matter who spoke on condition of anonymity. They cautioned that Altice was still weighing its options and could decide against a sale. Representatives for Altice USA and Goldman declined to comment. Among them: Gas Station TV (which, yes, plays at the pump) and MTV’s college campus network (which Cheddar bought in 2018).

Persons: Goldman Sachs, Altice, Goldman, Patrick Drahi, Jon Steinberg Organizations: Cheddar News, CNBC, millennials, Altice USA, New York Stock Exchange, Gas Locations: USA, Altice, French, Cheddar

☆ Comcast president Cavanagh shakes up NBCUniversal leadership
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +1 min

Cavanagh, who has been running NBCUniversal since April, said he would continue to lead the division as president of Comcast and not name a new CEO. In his first major action since taking the helm of the unit, Cavanagh also named Mark Lazarus as chairman of NBCUniversal Media Group while Cesar Conde will expand his role as head of the news division to oversee NBCUniversal Local and Telemundo Enterprises Group. Pearlena Igbokwe will continue to lead the four TV studios under the Universal Studio Group umbrella. Cavanagh took charge after Jeff Shell left following the acknowledgment of an inappropriate relationship with a woman in the company. Before his role as president, Cavanagh had served as the finance chief.

Persons: Mike Cavanagh, Donna Langley, Cavanagh, Mark Lazarus, Cesar Conde, Pearlena Igbokwe, Jeff Shell, Akash Sriram, Tanya Jain, Dawn Chmielewski, Sriraj Organizations: NBCUniversal, Group, Reuters, Comcast, NBCUniversal Media, NBCUniversal Local, Telemundo Enterprises Group, Universal Studio Group, Thomson Locations: Bengaluru, Dawn, Los Angeles

☆ Thomson Reuters to buy digital content management company Imagen
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

[1/3] The Thomson Reuters logo is seen on the company building in Times Square, New York, U.S., January 30, 2018. REUTERS/Andrew Kelly/File PhotoJune 28 (Reuters) - Thomson Reuters (TRI.TO) will buy Imagen, a digital content asset management company, for an undisclosed price, to expand its agency business to new customers, the news and information company said on Wednesday. Britain-based Imagen, which owns the Screenocean video distribution platform, operates digital content libraries for sports, media and business companies including Premier League soccer and Major League Baseball. "Our belief is that our agency business needs to evolve to be a tech-enabled content delivery (business)," Reuters President Paul Bascobert said in an interview. On Monday, Thomson Reuters said it agreed to buy Casetext, a California-based AI company that helps legal professionals conduct research, analysis and prepare documents using generative AI, for $650 million.

Persons: Andrew Kelly, Imagen, Paul Bascobert, Bascobert, Thomson, Kenneth Li, Lisa Shumaker Organizations: Thomson Reuters, REUTERS, Premier League soccer, Major League Baseball, Reuters News, Reuters, Reuters Connect, BBC, USA, Thomson Locations: Square , New York, U.S, Britain, California, New York

☆ Bloomberg conducts a rare layoff in an ongoing restructuring of its media operation
▼ + stars: | 2023-06-22 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Bloomberg has laid off a handful in the newsroom as it shifts resources around in the organization. Bloomberg has done a rare layoff of a handful of people in its newsroom of 2,700, as it shifts resources around in the organization. In audio, Bloomberg shuttered its afternoon Boston radio program in June and replaced it with its Bloomberg Businessweek show. But Bloomberg Media is protected by its ownership by Michael Bloomberg's much larger financial information giant Bloomberg LP, whose key product, the Bloomberg Terminal, is widely used on Wall Street. Bloomberg Media CEO Scott Havens said the company grew revenue 16% in 2022, marking its 10th quarter of advertising growth.

Persons: David Merritt, Julie Alnwick McHale, Luke Morano, I've, Kim Carrigan, Tom Moroney, Joe Shortsleeve, Anthony Mancini, Michael Bloomberg's, Scott Havens, John Micklethwait Organizations: Bloomberg, Bloomberg Media Editorial, Boston, Bloomberg Businessweek, Boston Globe, Media, Bloomberg Media Locations: downturns

☆ Could Jeff Zucker Fix CNN? He Seems to Think So.
▼ + stars: | 2023-06-04 | by ( Benjamin Mullin | ) www.nytimes.com time to read: +2 min

The complaint wasn’t unusual for Mr. Zucker, 58. He often compares notes on the media business with former colleagues and industry acquaintances, many of whom call him to grouse about the current state of CNN. Mr. Zucker’s criticism may be painful for executives running CNN to hear second- and thirdhand. Last month, CNN hosted a town hall with Mr. Trump in New Hampshire that was criticized for airing false information. Many anchors Mr. Zucker hired or promoted, including Jake Tapper, and Kaitlan Collins, who moderated the town hall, are still in prominent spots in CNN’s lineup.

Persons: Zucker, Chris Licht, Donald J, Trump, Jake Tapper, Kaitlan Collins Organizations: CNN, Nielsen Locations: New Hampshire

☆ Journalists at the nation’s largest newspaper chain are walking off the job in a showdown with its CEO
▼ + stars: | 2023-06-01 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

CNN —The biggest newspaper chain in the country is about to be rocked by the biggest walkout of its staff in history. On Monday, hundreds of Gannett journalists plan to stage a one-day strike during the media company’s annual shareholder meeting. The journalists want shareholders to take a vote of no-confidence against Mike Reed, Gannett’s chief executive. In a Thursday statement, Gannett referenced some of the industry challenges it has faced and strongly contested the allegations the NewsGuild-CWA are leveling against it. “Our leadership is focused on investing in local newsrooms and monetizing our content as we continue to negotiate fairly and in good faith with the NewsGuild.

Persons: Mike Reed, Reed, “ Reed, ”, Jon Schleuss, “, ” Cheryl Makin, “ We’re, Kaitlyn Kanzler Organizations: CNN, Gannett, CWA, Austin American, Statesman, Rochester Democrat, Chronicle, Morale, Home News Tribune Locations: Arizona Republic, Rochester, axing

☆ People are loving BuzzFeed's AI-generated quizzes more than their human-generated ones: report
▼ + stars: | 2023-05-16 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +2 min

People spent 40% more time with BuzzFeed's AI quizzes than human-generated ones, per Bloomberg. AI is the new Golden Child, and BuzzFeed's quizzes help prove the point. People spent 40% more time with BuzzFeed's AI quizzes than its traditional, human-generated ones, the company said in an online investor forum, per a May 12 Bloomberg report. Under the "quizzes" tab of its homepage, BuzzFeed now has entire section devoted to AI quizzes. As Futurism reported, BuzzFeed has not made a detailed breakdown of engagement numbers on its quizzes available.

[1/2] Co-Founders of VICE Shane Smith (L) and Suroosh Alvi (R) pose as they arrive for the 20th Annual Webby Awards in Manhattan, New York, U.S., May 16, 2016. REUTERS/Mike SegarMay 15 (Reuters) - Vice Media Group, popular for websites such as Vice and Motherboard, filed for bankruptcy protection on Monday to engineer its sale to a group of lenders, capping years of financial difficulties and top-executive departures. Vice listed both assets and liabilities in the range of $500 million to $1 billion. Vice was among a group of fast-rising digital media ventures that once had rich valuations as they courted millennial audiences. It rose to prominence alongside its co-founder Shane Smith, who built his media empire from a single Canadian magazine.

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