#German publisher Axel Springer strikes deal to buy Politico

#German publisher Axel Springer strikes deal to buy Politico

“#German publisher Axel Springer strikes deal to buy Politico” German publishing giant Axel Springer said Thursday it has struck a deal to buy the US-based, politics-focused news site Politico. The companies didn’t disclose a sale price, but reports have valued the deal at about $1 billion. Reports of a potential deal leaked out earlier this…

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#Anger erupts at Meredith after workers stiffed on bonuses

#Anger erupts at Meredith after workers stiffed on bonuses

“#Anger erupts at Meredith after workers stiffed on bonuses” The boss of the media giant that publishes People and Entertainment Weekly sparked a ruckus when he announced he was handing out a round of “thank you” bonuses to most employees — but meanwhile jilted a small group of unionized, rank-and-file workers, The Post has learned….

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#News Corp. to buy Investors Business Daily for 5M

#News Corp. to buy Investors Business Daily for $275M

“#News Corp. to buy Investors Business Daily for $275M” News Corp. on Thursday said it has agreed to buy Investors Business Daily for $275 million, a deal that will beef up the company’s portfolio of financial news publications. IBD, which is being sold by O’Neil Capital Management, will continue with its 130 employees headquartered in…

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#Asbury Park Press runs photo caption of ‘f–king hot nurse’

#Asbury Park Press runs photo caption of ‘f–king hot nurse’

“#Asbury Park Press runs photo caption of ‘f–king hot nurse’” Gannett’s Asbury Park Press, the third-largest daily newspaper in New Jersey, sparked outrage over the weekend when it published a photo caption of “a f–king hot nurse” administering a COVID vaccine. The offensive caption also called the unidentified nurse “a total JAP,” adding racism to…

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#Indie publishers buck virus with new titles, acquisitions

#Indie publishers buck virus with new titles, acquisitions

“#Indie publishers buck virus with new titles, acquisitions” When the coronavirus first hit a year ago, Andrea Sachs, a 24-year veteran of Time magazine, was doing freelance journalism and pursuing a masters in English literature at Hunter College. But when she found herself confined to her apartment, she started a website called The Insider to…

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#BuzzFeed takes buzzsaw to newly acquired HuffPost

#BuzzFeed takes buzzsaw to newly acquired HuffPost

“#BuzzFeed takes buzzsaw to newly acquired HuffPost” Just three weeks after finalizing a deal to buy HuffPost, Jonah Peretti’s BuzzFeed is taking a buzzsaw to the left-leaning news and culture site. BuzzFeed on Tuesday said it made a series of cuts in HuffPost that will result in 47 US jobs lost, including Executive Editor Hillary…

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