RF|Binder Media Intelligence: Monday, May 11

RFB Media Intelligence

Forbes Wealth Reporter Leaves
Carter Coudriet, a wealth reporter at Forbes, will be leaving the organization for the Department of Justice’s antitrust division where he will be working as a paralegal specialist. 
 
BuzzFeed’s New Editor in Chief
BuzzFeed News named a new editor in chief: Mark Schoofs, a Pulitzer Prize-winning journalist who is an alumnus of the site, having created its investigations unit in 2014. Separately, the company announced that it will furlough 68 staffers without pay starting this week through mid-August.  
 
Executive Changes at NBC
The chairman of NBC News, Andrew Lack, will depart his role at the end of May, an abrupt end to the tenure of an executive whose tenacity and ability to withstand turmoil made for a long career in the fickle television news business. Cesar Conde, the chairman of Telemundo, will replace Mr. Lack and will have oversight of NBC News, MSNBC and CNBC. 
 
NY Times’ Subscriber Numbers Boom 
In the first three months of the year, The New York Times Company added more digital subscribers than it had gained during any quarter since it started charging readers for online content in 2011. But that increase was driven by widespread interest in news of the coronavirus pandemic, which has ravaged the U.S. economy and cut deeply into The Times’ advertising revenue. 
 
What’s Next for Local News?
A new round of consolidation could kill off half of what were the major U.S. newspaper chains just a few months ago. But the possibility of cash from platforms is sparking hope, says Ken Doctor. 
 
COVID-19 Impact on Freelancers
Nearly every one of the 10 freelance writers interviewed by Digiday said they lost from 25-90% of their work for the year due to slashed or frozen freelance budgets. 
 
Publishers Switch to Virtual Events
With much of the United States still on lockdown and maintaining social distancing, media companies have been forced to cancel in-person events. These gatherings, often ticketed and sponsored, can be big moneymakers for publishers. Seizing on a captive audience with nowhere to go, some publishers have switched to virtual events which have proven successful in driving audience and revenue.  
 
Which Sources Journalists Trust
Who and what journalists trust determines a substantial amount of what makes it through the journalistic filter to audience — what leads they pursue, who they talk to, how they frame a story. A new study looks at whether journalists are on autopilot when they’re determining which sources (or what information) to trust. 
 
Views of the News Media
More Americans hold positive than negative views of the news media’s COVID-19 coverage. But even in crisis, Republicans and Democrats remain starkly divided in their attitudes toward journalists. 
 
AP Stylebook Updates
It’s AP Stylebook update time, and they’re pretty vanilla. Many of the changes in style continue AP’s move toward what is called “person-first language,” which uses descriptions rather than labels.