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William Lewis, a former reporter turned executive, has been named the new CEO and publisher of The Washington Post, the company announced Saturday. Lewis has spent years working in British media and for Rupert Murdoch-owned companies, the Post reported. He was CEO of Dow Jones and the publisher of the Wall Street Journal for six…
Justice Samuel Alito said Congress has “no authority” to regulate the Supreme Court in an interview with the Wall Street Journal’s opinion section published Friday, pushing back against Democrats’ attempt to mandate stronger ethics rules. Alito, one of the high court’s leading conservatives, is just one of multiple justices who have come under recent scrutiny…
“News Corp narrowly misses first-quarter revenue estimates” News Corp, owner of The New York Post, Wall Street Journal and Dow Jones, narrowly missed first-quarter revenue estimates Tuesday, due in part to foreign currency fluctuations. According to the New York-based company, total revenue decreased 1% to $2.48 billion in the quarter ended Sept. 30, while analysts…
“Peloton scrambles to soothe analysts after report on layoffs: sources” Peloton executives made a frantic round of phone calls to stock analysts early Thursday, scrambling to soothe concerns after the Wall Street Journal reported that the company has “six months to prove it can survive on its own,” sources told On the Money. The paper’s…
“#CNN’s Jeff Zucker says Chris Cuomo ‘deserved termination’” CNN president Jeff Zucker told the network’s staffers on Tuesday morning that former host Chris Cuomo “deserved termination” and won’t be paid any severance, according to reports. During a town hall-style meeting, Zucker also called Saturday’s firing of the “Cuomo Prime Time” star “a lesson we have…
“#Lt. Gov. Hochul thinks she could replace Cuomo within weeks: report” Lt. Gov. Kathy Hochul believes she could be called on to replace Gov. Andrew Cuomo within weeks — and is getting ready to do so, according to a report Sunday. Hochul spoke by phone with advisers last week for guidance on her potential first…
“#News Corp. shares rise on narrowed loss as revenue jumps 30 percent” News Corp. said its quarterly revenue jumped 30 percent, driven by growth in its digital real-estate, book-publishing and newspaper divisions. Shares of the media giant, whose properties include The New York Post, The Wall Street Journal and HarperCollins, surged as much as 6…
“#Reuters is adding a paywall to its website” Hoping to join the cash-for-content world of its media rivals, news service Reuters announced plans to put its website behind a paywall. The move comes as Reuters.com will be given an overhaul that its chief marketing officer, Josh London, called “the largest digital transformation at Reuters in…
“#US efforts to force Google, Facebook to pay for news gains steam” Australia’s bold move to force tech giants to start paying for the news appears to be reigniting US efforts to hold Google and Facebook to account for the gloomy state of the local news industry. Momentum is building for a new version of…
“#’Reddit Rally’ yields 2 book deals, 3 movie deals in wild week” The media frenzy on the so-called “Reddit Rally” is almost as wild as the stock market gyrations that have gripped GameStop and AMC over the past two weeks. So far, at least two book deals and three movies deals are in the works….