At their annual shareholders' meeting last week, Tribune Publishing elected two directors from Alden Global Capital to its board, further tightening the firm's grip on the publisher.
TikTok hires Kevin Mayer as its new CEO; BuzzFeed shutds down ops in U.K. and Australia; and Facebook adds Messenger rooms for groups and events.
Brands can leverage their advertising during COVID-19, MasterClass raises $100M in funding, and Chris Hemsworth's app Centr is making headlines for its business practices.
Business news site Quartz is laying off 80 employees and emphasizing its membership model as part of a larger restructuring.
Magazine publisher Condé Nast and digital news outlet BuzzFeed announced additional layoffs, furloughs and cost cutting measures due to the pandemic.
Gannett Reports Net Loss of $80.2¬ Million in First Full Quarter Since Merger with New Media Investment Group
In its first full quarter earnings report since the merger, Gannett Co., Inc. reports a net loss of $80.2 million and strong revenue & adjusted EBITDA.
In this week's Five on Friday, we'll explore how subscription companies have been impacted and are adapting to the new normal with COVID-19.
The FCC fined Sinclair Broadcasting Group $48 million for its failed merger with Tribune Media. The fine is the largest fine a broadcast company has been charged by the FCC in its 86 year history.
In this week's news, Congress wonders if Amazon lied to them, entrepreneurs launch art & plant subscriptions & Google requires identify verification.
In its Q3 FY2020 earnings results, Microsoft reports COVID-19 has had a minimal impact on the company, with revenues and engagement up in all categories.