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☆ Reddit files to list IPO on NYSE under the ticker RDDT
▼ + stars: | 2024-02-22 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +6 min

Social media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up. The company plans to trade on the New York Stock Exchange under the ticker symbol "RDDT." The social networking company's core business is reliant on online advertising sales stemming from its website and mobile app. Reddit said the current addressable advertising market is $1.0 trillion, sans China and Russia. Reddit said that its non-employed moderators, known as Redditors, can participate in the company's IPO offering through its "directed share program."

Persons: Reddit, Pinterest, Alexis Ohanian, Steve Huffman, It's, DAUq, Condé Nast Organizations: Securities and Exchange Commission, New York Stock Exchange, P Global Market Intelligence, Google, eBay, . Publishing, Condé Locations: U.S, Reddit's U.S, China, Russia, Ukraine

☆ Paramount Global to lay off 800 employees after record Super Bowl ad revenue and ratings
▼ + stars: | 2024-02-13 | by ( Liam Reilly | ) edition.cnn.com time to read: +2 min

CNN —Paramount Global, the owner of broadcast and cable TV networks, announced Tuesday it will lay off hundreds of staffers as the media giant looks to reduce costs and grow revenue. The news comes just days after its CBS network saw record-breaking advertising sales and the highest-rated telecast for the Super Bowl. The company’s chief executive, Bob Bakish, announced the layoffs in a memo to employees Tuesday obtained by CNN. While Bakish did not specify the number of layoffs, sources familiar with the matter told CNN around 800 employees, or roughly 3% cut of the company’s workforce, will be affected. Paramount is the latest media conglomerate to lay off staffers in 2024.

Persons: Bob Bakish, Bakish, —, ” Bakish, Shari Redstone, David Zaslav, David Ellison’s Skydance, Condé Nast Organizations: CNN, Paramount Global, CBS, Super, National, Warner Bros, Discovery, RedBird, Paramount, Bloomberg, Los Angeles Times, TIME, Business, Condé, Forbes, The New York Daily News

☆ Paramount's Super Bowl livestream problems are a warning for Netflix and the new mega sports streamer
▼ + stars: | 2024-02-12 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Paramount, which broadcast and streamed the game to what was probably the biggest audience in the game's history. And Paramount, whose Paramount Plus livestream conked out for some users, who took to the internet to complain. AdvertisementWithout more detail from Paramount, it doesn't make sense to speculate about the cause of Paramount's problems. Like Netflix, which struggled to show a live episode of "Love is Blind" less than a year ago.

Persons: —, Taylor Swift, Robert F, Kennedy Jr, ESPN's, it's, Roger Lynch, Lynch, Condé Nast, Comcast's Peacock Organizations: Service, Kansas City Chiefs, Paramount, San Francisco 49ers, Business, HBO, Big Tech, Netflix, NFL

☆ British Vogue features 40 ‘legendary’ cover stars for editor Edward Enninful’s final issue
▼ + stars: | 2024-02-09 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

CNN —For British Vogue’s final issue under Edward Enninful, the outgoing editor-in-chief put not one superstar on the cover, but 40 of them. Forty previous cover stars return for Enninful’s final issue. Steven Meisel“When it came to my last issue, I knew the cover would be dedicated to women. Ned RogersNaomi Campbell, who has now appeared on four British Vogue covers during Enninful's tenure. His other cover stars included 82-year-old Miriam Margolyes, who posed nude for last year’s Pride Month issue, and a then-85-year-old Dame Judi Dench.

Persons: Edward Enninful, Naomi Campbell, Cindy Crawford, Miley Cyrus, Linda Evangelista, Jane Fonda, Kate Moss, Serena Williams, Steven Meisel, Ned Rogers, Enninful, Steven Meisel “, ” Enninful, ”, shockwaves, Misan Harriman, Kennedi Carter, Ned Rogers Naomi Campbell, Ned Rogers Enninful, Fonda, Miriam Margolyes, Dame Judi Dench, Christy Turlington, CNN’s Christiane Amanpour, Anna Wintour’s, Condé Nast, Chioma Nnadi Organizations: CNN, Hollywood, Vogue, British Vogue Locations: Ghanaian, Dua Lipa, Manhattan, London, Paris, Milan, Los Angeles, British

☆ Some Fall Out of Vogue. She Jumped.
▼ + stars: | 2024-02-07 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

When Gabriella Karefa-Johnson, the fashion editor-personality who became famous as the first Black woman to style a Vogue cover (in 2021) and even more famous after she got into a social media brouhaha with Kanye West, was interviewing for her first big fashion job at Vogue, she ended up, not surprisingly, in front of Anna Wintour. Ms. Wintour asked Ms. Karefa-Johnson where she wanted to be in 10 years. Ms. Karefa-Johnson answered — as Ms. Wintour once had, when asked a similar question — editor in chief of Vogue. Almost exactly a decade later, Ms. Karefa-Johnson doesn’t necessarily want that any more. “I resigned as kind of a material action of solidarity and because it was just time for me to move on,” Ms. Karefa-Johnson, 32, said recently.

Persons: Gabriella Karefa, Johnson, Anna Wintour, Ms, Wintour, Karefa, —, Kamala Harris, Amanda Gorman, Margot Robbie, Barbie ”, Condé Nast, “ Organizations: Kanye, Vogue Locations: Israel, Gaza

☆ George Hoyningen-Huene: The man who captured the jazz age on film
▼ + stars: | 2024-02-07 | by ( Christian House | ) edition.cnn.com time to read: +7 min

CNN —In 1930 George Hoyningen-Huene pulled off one of the greatest dupes in the history of photography. George Hoyningen-Huene Estate ArchivesRönngren said Huene was “like Forrest Gump. George Hoyningen-Huene Estate ArchivesAll this gossip and glamour would, of course, make great television: and Rönngren is now working on a Netflix drama about the photographer’s life and times. The Jaeger exhibition, which presents works, dating from 1927 to 1955, coincides with the publication of “George Hoyningen-Huene: Photography, Fashion, Film” by Susanna Brown (Thames & Hudson). Photographer George Hoyningen-Huene in the studio in Paris, 1937.

Persons: George Hoyningen, Huene, Horst P, Horst, Lee Miller, ”, “ George Hoyningen, Katherine Hepburn, Josephine Baker, Benjamin Jaeger, Steffi, ” Huene, Baron Barthold Theodor Hermann von Hoyningen, Tsar Nicholas II, Susannah Brown, George, Salvador Dalí, Weissmuller, Huene “, Tommy Rönngren, Asa, Tommy “, Rönngren, Forrest Gump, Joseph Pilates, Ava Gardner, Sophia Loren, George Cukor, Condé Nast, Cole Porter, “ sauvage, Greta Garbo, Marlene Dietrich, “, Dietrich, Garbo, ’ ” Heune, Miriam Hopkins, Susanna Brown, Baker, Roger Schall, Lisa Fonssagrives, Irving Penn, Jaeger Organizations: CNN, Vogue, Cote, Jaeger Art, Jaeger, “, British Army, Condé, Thames & Hudson, Nexus Hall, Neue, Hudson Locations: Paris, Russian, New York, Côte, Berlin, St Petersburg, England, France, Montmartre, Swedish, Huene, Horst’s, Stockholm, “, Hollywood, revolté, Thames, Tokyo, Europe, Germany

☆ Miley Cyrus wows Grammy’s red carpet in gold safety-pin dress
▼ + stars: | 2024-02-05 | by ( Christy Choi | ) edition.cnn.com time to read: +3 min

CNN —Pop star Miley Cyrus stunned the Grammys red carpet on Sunday by wearing a gown that appeared to be almost entirely made of gold safety pins. The metallic, net-like dress channeled both a 1920s flapper and an Egyptian goddess, its pins intricately arranged to resemble a collar and undergarments. Miley Cyrus poses on the red carpet on her way into the 66th Grammy Awards. Cyrus completed her red carpet look with a pair of yellow tabis, the split-toe shoes that have become a cult favorite among Margiela fans. Kevin Winter/Getty Images“This last year I featured Miley’s wet look for hair,” Recine said, according to a press statement from haircare brand Nexxus.

Persons: Miley Cyrus, Farrah Fawcett, —, Maison, Frazer Harrison, John Galliano, Cyrus ’, Cyrus, Gwendoline Christie, John Galliano's, Guy Marineau, Condé Nast, Pat McGrath —, James Kaliardos, Kaliardos, tresses, Bob Recine, Dolly Parton, Recine, Kevin Winter, ” Recine, Mariah Carey, Bob Mackie, Tina Turner —, Gucci Organizations: CNN, Getty Locations: Maison Margiela, Paris, France

☆ I spent $470 on a night at Gleneagles, Scotland's best hotel, and would recommend the splurge
▼ + stars: | 2024-02-04 | by ( Priya Raj | ) www.businessinsider.com time to read: +1 min

Gleneagles is a byword for Scottish luxury. The Gleneagles hotel first opened in 1924. David Cannon/Getty ImagesThe five-star luxury hotel opened in the town of Auchterarder, Perthshire, in 1924, and is celebrating its centenary. I'd heard about Gleneagles from friends whose parents are weekend golfers, and international students at my university who had some experience of the world's best hotels. I decided 2024 was the year I'd visit after Gleneagles was placed 32nd on the "World's 50 Best Hotels" list, the only Scottish property to be mentioned.

Persons: David Cannon, I'd, Gleneagles, Condé Locations: Auchterarder, Perthshire, Scotland

Pitchfork announced it was no longer a freestanding music site, after digital publications BuzzFeed News and Jezebel disappeared last year. Even The Washington Post, whose subscriptions boomed during the Trump administration, has seen a falloff, leading its management to acknowledge that it was too optimistic in expansion plans and needed to cut costs. THE PATH FORWARD IS JUST AS BUMPYSome of the troubled outlets also have unique issues that contributed to their problems. “We need journalists in society, and we will find a way to fill that need,” he said. But in the short run, it's going to be ugly.”___David Bauder covers media for The Associated Press.

Persons: —, tacos, Jezebel, Conde, walkouts, ”, Didier Saugy, Gray, Jeff Jarvis, ” Jarvis, “, Trump, Jeff Bezos, Patrick Soon, Jarvis, Aileen Gallagher, that's, Elon Musk's, ” Gallagher, Jim VandeHei, haven't, Tara Dublin, Steve Reilly, you've, ___ David Bauder Organizations: National Press, Los Angeles Times, Business, Time, Washington Post, Pitchfork, Washington Post , New York Daily News, Conde Nast, Press Club, Northwestern University, New York Times, Hollywood, Philanthropy, Associated Press, MacArthur Foundation, Knight Foundation, ” Tech, Syracuse University, Google, Publishers, Facebook, Twitter, Sports, Axios, Politico Locations: Washington, Washington Post , New, United States

CHICAGO (AP) — More than 200 reporters, photographers and other staffers with the Chicago Tribune and six other newsrooms around the nation began a 24-hour strike Thursday to protest years of “slow-walked” contract negotiations and to demand fair wages. The strike, which includes 76 members of the Chicago Tribune reporting staff, photographers and some editors, began at 5 a.m., said Caroline Kubzansky, a member of the Chicago Tribune Guild who is a general assignment reporter for the newspaper. The NewsGuild-CWA, which represents the employees, said the workers participating in the 24-hour strike are demanding fair wages and that management not eliminate their 401(k) match benefits. Photos You Should See View All 45 ImagesThe union said cuts imposed by Alden Global Capital have “gutted newsrooms” and included cutting the Chicago Tribune's staff from 111 to 76 people since June 2021. And in late 2023, more than 200 workers at The Washington Post, owned by billionaire Amazon founder Jeff Bezos, accepted buyouts.

Persons: Caroline Kubzansky, “, ”, Jon Schleuss, Alden, Mitch Pugh, Conde Nast, Jeff Bezos, Gray Organizations: CHICAGO, Chicago Tribune, Chicago Tribune Guild, Alden Global Capital, CWA, Tribune Publishing, Chicago Tribune's, Goldin Solutions, The Associated Press, Vogue, GQ, Los Angeles Times, The Washington Post, Amazon, Orlando Sentinel, Virginian, Daily Press, Virginia Gazette, Tidewater, Virginian Press, Daily Locations: U.S, New York, Challenger, Chicago, Allentown , Pennsylvania, Virginia

☆ Startup news site The Messenger shutters less than a year after its launch
▼ + stars: | 2024-01-31 | by ( Chloe Melas | Doha Madani | ) www.cnbc.com time to read: +1 min

The Messenger, a startup digital news website that launched in May, is shutting down after reports that it was running out of money, an executive at the outlet who has been briefed on the matter told NBC News on Wednesday. The Messenger launched in May with Jimmy Finkelstein, who previously owned The Hollywood Reporter and The Hill, at the helm. It promised to provide "thorough, objective, non-partisan, and timely news coverage" in a time of bias and misinformation. Earlier this month, Semafor reported that The Messenger's board was considering shutting down the website as the outlet was set to run out of funds by the end of January. A day before staff were informed they were now without jobs, The New York Post reported that Finklestein was working to secure deals to inject new revenue into The Messenger to keep the site going.

Persons: Jimmy Finkelstein, Semafor, Finklestein, Conde Nast Organizations: NBC News, Hollywood, New York Post, Los Angeles Times, Forbes, Time, Sports Illustrated, Tech Crunch, Business

☆ Reddit may be targeting a $5 billion valuation for its upcoming IPO
▼ + stars: | 2024-01-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

The success of the IPO is contingent in part on the state of the IPO market, which has struggled in recent years. When Reddit first began preparing to go public in late 2021 — a record-breaking year for venture capital — some thought the company could be valued as high as $15 billion in an IPO. Investors are hoping that 2024 will be a more active year for the IPO market. This year's IPO market may also be helped by the Fed's promised rate cuts and a weak M&A market. The last time a social media company went public was in 2019.

Persons: Reddit, —, IPOs, Klaviyo, Steve Huffman, Alexis Ohanian, Aaron Swartz, Condé Nast, Ohanian, Huffman Organizations: Service, Bloomberg, Business, Investors, University of Virginia

☆ News industry off to brutal 2024 start as mass layoffs devastate publishers, raising questions about future of journalism
▼ + stars: | 2024-01-25 | by ( Oliver Darcy | Jon Passantino | ) edition.cnn.com time to read: +8 min

The recent round of layoffs, while pronounced, are part of a much larger and unrelenting storm battering the journalism industry. Over the past 18 months, most news organizations have been forced to make difficult decisions to reduce their workforces. “I am sorry to say that I do not see turning around most legacy outlets,” Jeff Jarvis, the Leonard Tow Professor of Journalism Innovation at the Craig Newmark Graduate School of Journalism, told CNN. Dan Kennedy, a journalism professor at Northeastern University, noted some local news outlets have found financial sustainability. “There are reasons to be optimistic given the hundreds of independent local news organizations that have sprouted up in recent years,” he said.

Persons: Condé Nast, ” Jay Rosen, “, Jeff Jarvis, Craig Newmark, ” Jarvis, ” Rosen, Steve Bannon’s, Margaret Sullivan, Sullivan, ”, ” Sullivan, Jeff Bezos ’, Patrick Soon, Dan Kennedy, Shiong’s, Jeff Bezos, ” Kennedy, Rosen Organizations: CNN, Los Angeles Times, Business, Condé, Forbes, The New York Daily News, Washington Post, NPR, Vice Media, Sports, Vox Media, NBC News, CNBC, Gannett, Netflix, Columbia University, Google, Meta, New York University, Craig Newmark Graduate School of Journalism, America, Guardian, The Washington Post, The New York Times, “ Democracy, Jeff Bezos ’ Washington Post, Northeastern University, “ Billionaire, Minneapolis Star Tribune, Boston Globe, Journalists Locations: Covid, Jeff Bezos ’ Washington

NEW YORK (AP) — Journalists at The New York Daily News and Forbes walked off the job Thursday amid contentious contract talks with management and a difficult few weeks in the news industry. The one-day strike at the Daily News coincides with Forbes walkout, which runs through Monday. The labor union's actions come at a tumultuous time for media outlets, an increasing number of which are owned by billionaires. This week, Time magazine and Condé Nast, the publisher of Vogue, Vanity Fair, GQ and other marquee magazines, both announced significant job cuts. Forbes spokesperson Laura Brusca said the company is “working diligently” to reach a contract with the union.

Persons: “ Alden, Condé Nast, Jeff Bezos, Alden Global, Michael Gartland, they’re, “, Andrea Murphy, ”, didn’t, Laura Brusca, ” Murphy Organizations: — Journalists, The New York Daily News, Forbes, Daily, Daily News, Strikers, York, Vogue, GQ, Condé Nast, Los Angeles Times, The Washington Post, Amazon, Sports, Alden Global Capital, Alden, The Daily News Locations: New York, Manhattan

☆ Pitchfork, the Early Years
▼ + stars: | 2024-01-24 | by ( ) www.nytimes.com time to read: +1 min

Last week, Condé Nast announced that Pitchfork, the taste-making music news and criticism website it had acquired in 2015 — which had entranced and sometimes infuriated fans for more than two decades — would be brought under the editorial umbrella of GQ. The announcement felt like a death knell for a certain kind of critical posture — progressive but not inaccessible, knowledgeable but also curious — that feels increasingly remote in the current media landscape. Some version of the site will continue, but online, the news was received with dismay and frustration. Guests:Ryan Schreiber, the founder of Pitchfork and its editor in chief for approximately two decadesChris Kaskie, Pitchfork’s first employee and first CEOConnect With Popcast. Become a part of the Popcast community: Join the show’s Facebook group and Discord channel.

Persons: Condé Nast, Ryan Schreiber, Chris Kaskie, Pitchfork’s, Jon Caramanica Organizations: Pitchfork, GQ, Facebook, Twitter Locations: —

☆ Anna Wintour kept her sunglasses on while firing Pitchfork staff, writer says
▼ + stars: | 2024-01-23 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Read previewAnna Wintour is famous for her intimidating black shades — and one writer says she didn't remove them while laying off workers at music site Pitchfork. This story is available exclusively to Business Insider subscribers. Allison Hussey, a former staff writer for Pitchfork, wrote on X that the longtime Vogue editor kept her sunglasses on in a meeting informing staff they were losing their jobs. Wintour was elevated to global chief content officer of Condé Nast and global editorial director of Vogue in 2020. Condé Nast did not immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: —, Anna Wintour, Allison Hussey, Wintour, Condé Nast, Anna Wintour —, Hussey, Puja Patel, Semafor, Meryl Streep's, Wears, Meryl Streep, Catherine Martin, Baz Luhrmann, Vittorio Zunino Celotto, Lauren Indvik Organizations: Service, Pitchfork, Business, Vogue, GQ, Fox, CNN, Financial, Ritz Locations: London

☆ More than 400 Condé Nast staffers stage one-day walkout to protest layoffs
▼ + stars: | 2024-01-23 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

The company then revised the plan, announcing it would lay off 94 unionized members, or some 20% of the Condé Nast Union. It is time to start bargaining in good faith with us.”The NewsGuild of New York has filed an unfair labor practice charge on behalf of Condé Nast Union, citing regressive bargaining. “Media workers at Condé Nast are key to the company’s success and reputation for excellence. “Guild members in Condé Nast Union walked off the job today to remind management of their worth and urge company reps to bargain in good faith. We demand nothing less.”A Condé Nast spokesperson dd not immediately respond to a request for comment.

Persons: Condé Nast, Prada, “, ” Ben Dewey, Condé Nast, Susan DeCarava, Condé Organizations: CNN, Condé, Vogue, GQ, New, New York City, Condé Nast Union, CNE, Condé, Condé Nast Union, “ Media, Los Angeles Times, Washington Post Locations: New York, Condé Nast, Condé Nast

☆ Opinion | I Am Going to Miss Pitchfork, but That’s Only Half the Problem
▼ + stars: | 2024-01-21 | by ( Ezra Klein | ) www.nytimes.com time to read: +2 min

I’m gutted to see Condé Nast folding the online music magazine Pitchfork into GQ. I won’t try to improve on the eulogies written for the site already (Casey Newton and Eric Harvey have good ones). It’s one of the few corners of the internet I still love, no matter how often I find myself in disagreement. I’ve seen some thoughtful writing already on why Pitchfork couldn’t make it. In this case, they’re specific to Pitchfork’s editorial choices and market position.

Persons: Condé Nast, Casey Newton, Eric Harvey, HuffPost, FiveThirtyEight Organizations: Pitchfork, GQ, New York Times, Sports, BuzzFeed, Popular, U.S . News, Gawker, ABC News, Grid, ”, Vox Media, McClatchy, Los Angeles Times, Baltimore Sun, Dallas Morning News Locations: U.S

The website, beloved for being one of modern music’s true centers of gravity and renowned for its daily record reviews scored 0.0 to 10.0, will be folded into GQ, parent company Condé Nast announced Wednesday. Schreiber sold Pitchfork to Condé Nast in 2015. Says Snapes: “Music is so much more than a ‘men’s interest’ or leisure pursuit. Pitchfork paid close, longform critical attention to so many different types of music, and so many different niches. “It’s the independent, experimental artists that are going to suffer.”___ Maria Sherman writes about music for The Associated Press.

Persons: Condé Nast, Anna Wintour, ” Wintour, Ryan Schreiber, Pitchfork, Schreiber, ”, Laura Snapes, ” Snapes, “, ” Ann Powers, ” Powers, Wintour, Melissa Consorte, Condé, P4K, Consorte, Joanna Melissakis, Gareth Paisey, Yasmin Williams, Sam Sodomsky, Williams, Paisey, “ We’ve, Taylor Swift, ” ___ Maria Sherman Organizations: ANGELES, Pitchfork, GQ, Associated Press, Napster, “, SPIN, Blender, PITCHFORK, AP, Condé Nast, The Associated Press

☆ RIP Sports Illustrated. And RIP, magazines.
▼ + stars: | 2024-01-19 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

Read previewSports Illustrated used to be an American cultural touchstone. And sad for a certain kind of media person — like me — who remembers when Sports Illustrated was Really Important. AdvertisementFor people who don't remember that era: In a pre-internet world, Sports Illustrated was many things. In recent years, you were much more likely to read about a scandal or stupid controversy at Sports Illustrated than you were to actually read Sports Illustrated. So feel free to pour one out for Sports Illustrated — both the idea and the actual place where people worked.

Persons: —, John Steinbeck, William Faulkner, Don DeLillo, Gilbert Carrasquillo, who've, it's, Condé Nast, Steve Jobs, DotDash Meredith, Conde Organizations: Service, Sports Illustrated, Business, Authentic Brands, Group, Brands, Sports, Inc, Vogue, Apple, Pitchfork, Google, Facebook Locations: American

Fishwife, a trendy tinned seafood company, was valued at around $5 million on Shark Tank. Millstein said on the ABC program that her premium preserved fish company has grown to about $5.8 million in annual sales. "I don't know these people, I don't eat tinned fish, and I am here for this drama," one viewer commented. The Shark Tank episode aired this month, but it was filmed in the summer of 2023, per an ABC spokesperson. On Shark Tank, Millstein reeled in Nelson and Greiner, receiving $350,000 in exchange for 6% to 8% of the company.

Persons: Becca Millstein, Caroline Goldfarb, —, Rebecca Millstein, Condé, Goldfarb, Fishwife, Millstein, Lori Greiner, Candice Nelson, Casey Lewis, Lewis, Greiner, we're Organizations: Service, Vogue, The New York Times, ABC, Fishwife, Google, Securities and Exchange Commission Locations: writeups, The, Millstein, Nelson

☆ Condé Nast Is Folding Pitchfork Into GQ, With Layoffs
▼ + stars: | 2024-01-17 | by ( Sopan Deb | More About Sopan Deb | ) www.nytimes.com time to read: +1 min

Pitchfork, once a cultural bastion for music criticism, will be merged with the men's magazine GQ, leading to layoffs within the online publication, according to a memo from Anna Wintour, the chief content officer of Condé Nast, their parent company. “This decision was made after a careful evaluation of Pitchfork’s performance, and what we believe is the best path forward for the brand so that our coverage of music can continue to thrive within the company,” Ms. Wintour wrote in her memo, which was issued to the staff on Wednesday. Among the casualties of the merger was Puja Patel, the site’s editor in chief since 2018, who had replaced Pitchfork’s founder, Ryan Schreiber. “Both Pitchfork and GQ have unique and valuable ways that they approach music journalism,” Ms. Wintour said, “and we are excited for the new possibilities together. With these organizational changes, some of our Pitchfork colleagues will be leaving the company today.”

Persons: Anna Wintour, Condé Nast, ” Ms, Wintour, Puja Patel, Ryan Schreiber, ” Organizations: Pitchfork, “, GQ

☆ You're never entitled to overhead bin space on a plane in economy, former flight attendant says
▼ + stars: | 2024-01-17 | by ( Joey Hadden | ) www.businessinsider.com time to read: +3 min

Overhead bin space is a luxury on flights in economy class, but not a guarantee. But economy tickets only confirm a seat, not overhead bin storage, she added. But according to former flight attendant Shawn Kathleen, overhead bin space is a luxury, not a guarantee. Economy tickets don't guarantee passengers any overhead bin space, she said on the Jtrain podcast hosted by comedian Jared Freid. AdvertisementEconomy tickets don't come with guaranteed overhead bin storageOverhead bin space is a luxury that's not assured.

Persons: —, Shawn Kathleen, Jared Freid, Freid, Alexander Hassenstein, Kathleen, peeve, let's, Condé Organizations: Service, Business

☆ Media executives urge Congress to enact legislation to prevent AI models from training on ‘stolen goods’
▼ + stars: | 2024-01-10 | by ( Liam Reilly | ) edition.cnn.com time to read: +4 min

Roger Lynch, Condé Nast’s chief executive, told senators that current AI models were built using “stolen goods,” with chatbots scraping and displaying news articles from publishers without their permission or compensation. News organizations, Lynch said, seldom have a say in whether their content is used to train AI or is output by the models. To avoid the pilfering of news publishers’ content and, thereby, their coffers, Lynch proposed AI companies use licensed content and compensate publishers for content being used for training and output. Coffey also noted AI models have introduced inaccuracies and produced so-called hallucinations after scraping content from less-than-reputable sources — which runs the risk of misinforming the public or ruining a publication’s reputation. “The risk of low-quality [generative] AI content dominating the internet is amplified by the drastic economic decline of news publications over the past two decades,” Coffey said.

Persons: ChatGPT, Roger Lynch, Condé, Lynch, ”, they’ve, Sarah Silverman, Margaret Atwood, Dan Brown, Michael Chabon, Jonathan Franzen, George R, Martin, ” Lynch, Danielle Coffey, Coffey, ” Coffey, ” Curtis LeGeyt, ” LeGeyt Organizations: CNN, The New York Times, News Media Alliance, National Association of Broadcasters

☆ You have no right to the overhead bin by your plane seat if someone else got there first, travel influencer says
▼ + stars: | 2024-01-05 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

Read previewA travel influencer sought to lay down some etiquette around overhead bins on planes, arguing that a lot of people get it wrong. "The overhead space right above the seat that you paid for on the plane? Overhead bin space is "first come, first serve," Harmon-Marshall explained, which is why paying to board a plane quicker can have its advantages. AdvertisementWhile many find it annoying to see that their locker is full when they get to their plane seat, Harmon-Marshall seems to be right. If overhead bin space runs out, Harmon-Marshall said, flight attendants would start gate-checking luggage.

Persons: —, Caleb Harmon, Marshall, he's, who's, Harmon, that's, I'm, That's, Lindsay Rogers, Rogers, Condé, Karina Kay Organizations: Service, Business, Harmon Locations: Las Vegas

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