Tag: media

  • Gannett touts digital growth as it battles takeover bid

    New York (CNN)Under the cloud of an aggressive takeover bid, Gannett reported a dip in fourth quarter revenue Wednesday. But the company said it was encouraged by growth in digital advertising. But Robert Dickey, the president and CEO of Gannett who intends to step down later this year, said the company was “pleased” by growth […]

  • BuzzFeed to cut 15% of staff in new round of layoffs

    New York (CNN)BuzzFeed is preparing to lay off about 15% of its employees. The coming contraction is the latest example of a media company making cutbacks in a difficult operating environment. The layoffs, he said in an internal memo, are part of a broader effort to “put us on a firm foundation and allow us […]

  • David Haskell promoted to editor in chief at New York magazine

    New York (CNN)David Haskell, currently the editor for business and strategy at New York magazine, will succeed Adam Moss as editor in chief of the illustrious publication. The appointment came one day after Moss announced his exit plans. Moss said he approached Wasserstein last fall about stepping down in March. “There are many reasons, but […]

  • Why journalists at the nation’s largest newspaper chain are nervous

    New York (CNN Business)The revelation sent a shudder through newsrooms across the country, from the southwestern border up to the northern Great Plains: MNG Enterprises, the hedge-fund owned company also known as Digital First Media, was submitting a bid to take over Gannett, the publisher of USA Today and about 100 other newspapers. The company […]

  • Thomson Reuters will cut 3,200 jobs by 2020

    New York (CNN Business)Thomson Reuters is eliminating 12% of its global workforce. “This disciplined approach sometimes includes the need to make personnel, or other, changes which allow us to balance our internal resources with the needs of our customers in a highly competitive environment.” The company said a “majority” of the impacted employees have been […]

  • Marc and Lynne Benioff will buy Times magazine from Meredith for $190M

    Another tech billionaire will scoop up a major news outlet. Meredith Corporation, which acquired Time Inc. in January, announced today that it has agreed to sell its eponymous magazine to Salesforce.com co-founder Marc Benioff and his wife Lynne Benioff for $190 million. Meredith said in March that it planned to sell Time, Sports Illustrated, Fortune […]