Fox Anchor Joins ABC News
Fox Business anchor Deirdre Bolton is joining ABC News as a business correspondent based in New York. She will work with Chief Business Correspondent Rebecca Jarvis and cover COVID-19’s economic impact.
New Markets Reporter at BI
Saloni Sardana, former features writer at the Financial Times, has joined Business Insider as the company’s new markets reporter.
New Hires at CNN Business
CNN Business added to its newly established Newsdesk and five Beat Teams – Tech, Media, Markets, Transportation and Consumer. Among the new hires is Anjali Robins, who will be CNN’s first dedicated Consumer, Food & Retail Editor. Anjali was most recently a News Editor at CNBC.com. Michael Ballaban is joining as Transportation Editor, coveraging airlines, autos, space and the travel industry.
New VP of News at Seeking Alpha
Market news website SeekingAlpha.com has hired Brad Olesen from Bloomberg News as its vice president of news. He will manage, among other things, the Breaking News short-form news product, Seeking Alpha’s flagship newsletter Wall Street Breakfast, and Notable Calls, an exclusive idea-generation product for subscribers to Seeking Alpha Premium.
Reporters Take On Obituaries Beat
With a crushing, tragic death toll, the New York Times is shifting resources to COVID-19 obituaries, reprising its storytelling role in the 2001 attacks. Food, sports, and style staffers are now pitching in to write obits.
Bloomberg Adds Entertainment Vertical
Bloomberg is launching a new entertainment-focused vertical called “Screen time” to cover movies, podcasts, eSports, video games, and more. The core mission is to chronicle capitalism in this industry —deals and money changing hands.
California Community Newspapers to Close
California Times, the parent company of the Los Angeles Times, will close down three of its five community newspapers in the LA metropolitan area. The move will shutter the 105-year-old Glendale News-Press, the Burbank Leader, which traces its roots to 1908, and the La Canada Valley Sun, founded in 1945.
BuzzFeed Axes Morning News Show
The coronavirus hits just keep coming for BuzzFeed. Digital ad revenue is down. Employee pay was cut. Amazon and Walmart are suspending their commerce marketing deals, which BuzzFeed relies on for ecommerce revenue. And, last week, Twitter pulled funding for its live morning news show AM to DM as well as for a new untitled project.
NPR Chief Warns of Steep Cost Cuts
National Public Radio is planning significant cost cuts as the coronavirus pandemic hits sponsorship and donation revenue, the public broadcaster’s chief executive, John Lansing, said in a memo to staff. NPR is facing a budget deficit of between $30 million and $45 million through its 2021 fiscal year.
Media Troubles Continue
Fortune magazine has laid off 35 employees globally — about 10% of staff on its payroll — and instituted pay cuts for its executives. Condé Nast — the publisher of The New Yorker, Vogue and Vanity Fair — also announced pay cuts, furloughs and potential layoffs across its various publications. Valence Media began deep staffing cuts at The Hollywood Reporter, Billboard and Vibe magazine, while the Los Angeles Times furloughed 40 staffers on its “business side” and instituted pay cuts for some nonunion managers.
CNBC No.1 Among Biz News Sites
CNBC claimed the top spot in the business news category with a record 115 million unique visitors in March, an increase of 98 percent year-over-year, according to comScore. This marks the first time CNBC has ever ranked No. 1 in the category. Yahoo Finance has been the No. 1 business news website.
Morning Brew Hits a Milestone
Within two weeks of reaching its fifth birthday, business news email newsletter Morning Brew has hit 2 million subscribers.
Inside CNN Newsroom
On a recent conference call, CNN chief Jeff Zucker urged editors and producers at the network not to shift focus from coronavirus news updates despite weeks of wall-to-wall coverage of the pandemic. CNN has averaged 2.2 million total viewers in prime time through the first week of April, more than double its viewership in the fourth quarter of 2019, according to Nielsen data.
Good News is in Demand
Google searches for ‘good news’ spiked a month ago and have only continued to rise. The coronavirus pandemic has driven interest in uplifting headlines way up, according to the New York Times.
Coronavirus News Fatigue
Coronavirus news bingeing may have hit its peak. US page views on coronavirus news stories dropped to 645 million last week, down from 1.1 billion the previous week, according to Taboola, which based its findings on 1,000 news publishers.