Dow Jones Chief to Step Down
William Lewis, the publisher of The Wall Street Journal and chief executive of its parent company, Dow Jones, said that he would leave the roles he had held since 2014. The Journal published an article last week saying that his contract had not been renewed. In an email, Mr. Lewis said that was not the case.
New Reporters at Bankrate.com
Personal finance site Bankrate.com has hired two new mortgage reporters — senior reporter Jeff Ostrowski and reporter Javier Simon. Ostrowski has been a business reporter at the Palm Beach Post since 1999. Simon was a banking, investing and retirement expert for SmartAsset.
WSJ Corporate Team Addition
Nikki Waller is joining WSJ’s Corporate Team as Deputy Corporate Coverage Chief. She has held various roles during her 12 -year tenure at the Journal.
New Reporter at RIABiz
Charles Paikert, senior editor at Financial Planning where he covered the business of wealth management and family offices with a focus on high-net worth markets, has left the organization to join RIABiz, a journal about people who advise and serve investors.
Cuts at American Banker, Bond Buyer
Arizent, the parent company of business publications such as American Banker and Bond Buyer, recently laid off 27 people or 11% of its staff.
CNBC Digital Doubles Traffic
CNBC Digital hit a record number of unique visitors in March, more than doubling its February record. The CNBC site reached 1 billion page views for the first time in a single month. Plus, subscriptions to CNBC Pro, its premium product, were up 189% since January 2020. One draw: CNBC Digital has live blogs dedicated to updates on COVID-19 and market news.
Podcast Listening Declines
Podcasts are not immune from coronavirus. According to the three different podcast analytics companies, listenership fell during March as an increasing number of Americans stayed at home due to the coronavirus. Without a commute, it seems that it’s harder for some podcasts to find a space in people’s lives, at least among Americans.
Patch Revenue, Traffic Grow
Patch, the hyperlocal (and profitable) digital news platform, had its strongest month ever in March for both revenue and traffic, according to president Warren St. John. Last month Patch had nearly double its average page views (148 million versus 85 million) across its network of local news sites and 48 million unique visitors compared with 30 million on average.
Foreign Journalists in DC
In this tumultuous period of American politics, there are perhaps more foreign correspondents in Washington, D.C., than ever before, reporting back to everywhere from Sweden to Singapore. What unites them is their fight against the threat of misinformation and their struggle to accurately inform their fellow citizens about what’s happening here — and how it might affect them.
Pandemic Ravages News Media
The New York Times has gauged the pandemic’s effects on newspapers, magazines and digital media companies through interviews with executives, newsroom employees and union leaders across the country. All told, an estimated 28,000 employees of news media companies in the United States have been laid off, furloughed or had their pay reduced since the arrival of the coronavirus.
Digital-Media Upstarts under Pressure
Many digital-media companies began 2020 predicting this would be the year they would cross the goal line of profitability. Then the new coronavirus struck. Viability of many outlets likely will depend on size of cash reserves, relationship with venture investors.
Vox.com Asks for Donations
Vox Media news site Vox.com is trying a twist on the paywall: Asking readers to donate to support freely available coronavirus coverage. Recurring payments begin at $7 per month, and rise as high as $100 per month. One-time payments start at $7 and go up to $250. There are no perks associated with any of the contribution tiers.
How Reporters Cover Coronavirus
Health reporters, for the most part, dropped their other assignments. BuzzFeed News science reporter Stephanie Lee says coronavirus “became the all-consuming thing. It’s weird to be in competition with like every news reporter in the world.”