Daily business news in New York!
The Fox Corporation and News Corporation (“News Corp”) announced that Rupert Murdoch is stepping down as chairman of each company’s board effective as of the upcoming Annual General Meeting of Shareholders of each company in mid-November. One of the most powerful men in all of media, the 92-year old Murdoch will become Chairman Emeritus of […]
NEW YORK – NBCUniversal News Group Chairman Cesar Conde announced the appointment of award-winning journalist and newsroom leader Rebecca Blumenstein to the new position at NBC News of President, Editorial. Ms. Blumenstein will join NBC News from The New York Times, where she has served as deputy managing editor since 2017. At The Times, Blumenstein […]
Azmat Khan, who is currently a contributing writer for The New York Times Magazine, is joining the NY Times staff as an investigative reporter for the magazine and newsroom. Khan won the Pulitzer Prize in 2022 for International Reporting for her investigative series on Civilian Casualty Files that appeared in the newspaper and magazine. Jake […]
NEW YORK — The New York Times Company reported earnings for the second quarter ending June 26, 2022. Total revenues increased 11.5 percent to $555.7 million from $498.5 million in the second quarter of 2021. Subscription revenues increased 13.1 percent to $383.6 million, advertising revenues increased 4.1 percent to $117.4 million and other revenues increased […]
The NY Times has opened its first bureau in Ukraine in the capital of Kyiv and named Andrew Kramer [photo above] as the first bureau chief. Russia first launched attacks on Ukraine on February 24 and fighting has continued in the country since. In an announcement posted on the company website, the NY Times said […]
Paramount+, the global streaming service from Paramount Global (formerly ViacomCBS) announced its investment in internationally originated content with a slate of original series that will debut around the world, a first step towards the streamer’s plan to commission 150 international originals by 2025. The news comes as Paramount+ will make its debut in UK and […]
The Times-Union, a newspaper covering the Capital District and Hudson Valley, announced it has surpassed 30,000 paying subscribers for digital access to its website. The newspaper is owned by the Hearst Corporation which also owns several Connecticut newspapers as well as the San Francisco Chronicle and San Antonio Express-News. The Times-Union attributes its recent growth […]
HBO Max announced it will debut an ad-supported version of its streaming subscription service the first week of June. Consumers will have a choice between the existing ad-free version of HBO Max at $14.99 per month, or an ad-supported experience for $9.99 per month. Both HBO Max tiers offer access to original programming, as well […]
NEW YORK — CBS is combining the news and business resources of CBS News and the CBS Television Stations into one organization. CBS, owned by parent company ViacomCBS, has selected two outsiders from the company to lead CBS News and its TV stations. Hearst Newspapers, Cable Networks & Digital Media Executive Neeraj Khemlani and former […]
NEW YORK — Sports Illustrated, the venerable sports magazine, announced the addition of new full-time staff, with an initial focus on expanding its NBA editorial team. Chris Herring will join SI on Feb. 15 as a senior writer. Herring most recently wrote for ESPN and FiveThirtyEight and prior to that was an NBA reporter with The […]