Industry News
The Twitter Crisis
Twitter has faced a challenge of validity and trustworthiness since Elon Musk acquired it. Recently, Tim Cook, CEO of Apple, suggested they may have to eliminate the Twitter application from their App Store, making it impossible for new users to download the application. As new Congress regulations are coming out in 2023, app stores are beginning to block several new applications, and Twitter may be the next. Musk argued that he would fight Apple and Google and, if needed, create an alternative phone platform. Cook clarified that for now, the Twitter application will continue on its platform.
News Corp Reports Significant Losses on Their Earnings Reports
News Corp reported an 80% net profit decrease on their latest earnings report. The company blames Amazon’s decision to reduce inventory levels and close warehouses, reducing the number of paper books sold, as the main reason for the significant loss. Additionally, News Corps says they were impacted by the decrease in subscription video services as foreign currencies continue to fluctuate, and fewer people subscribe to residential broadcasts.
The Washington Post Expands its Climate Coverage
As climate change becomes the so-called topic of the century, The Washington Post recently announced it will be expanding its climate team and focus. The publication is planning to triple the size of its climate team, compiling a group of more than 30 journalists worldwide. The publication is also expanding its coverage by incorporating three new sections and columns: Climate Lab will be a section powered by graphics and data to tell the story. Hidden Planet will be the column focusing on the wonders of a changing planet, and Animalia will be the column about wildlife and biodiversity.
NBC Launches New Broadcast Platform, LX News
LX News is the new broadcast platform launched by NBC to engage audiences with a storytelling approach to news. The sector will cover stories about tech, the environment, politics, the community, social issues, and current events. The program will be available on TV through Xfinity, Verizon, Optimum, Spectrum, and Cox Cable and is streaming live on Peacock, Roku, Apple TV, YouTube TV, and FuboTV.
The Washington Post Launches New Technology Newsletter
The Washington Post recently launched its new technology newsletter called Tech Friend. Shira Ovide and Geoffrey A. Fowler, help desk columnists, will lead the newsletter. Tech Friend is initially planned to circulate twice a week to all subscribers, providing advice on taking advantage of your technology.
Career Moves
Forbes COO Joins New Role with TIME Magazine
Jessica Sibley, Forbes COO, will be leaving to join TIME Magazine as the new Chief Executive Officer, replacing Edward Felsenthal. Mr. Felsenthal will continue being the Editor-in-Chief and transition to the new Executive Chairman.
Early Start Anchor Leaves CNN to Join NBC
Laura Jarret will be leaving CNN in January to join the NBC team taking over the U.S. Department of Justice and the U.S. Supreme Court correspondent beat, previously handled by veteran Pete Williams. Jarrett has been at CNN for six years and is currently the co-anchor on the network’s early-morning program “Early Start.”
NY Times Welcomes New Political Reporter
Jonathan Swan, the political reporter at Axios, will be leaving in January to join The New York Times political team. Swan will cover Republicans in Congress and the 2024 election as of next summer. He joined Axios in 2016 from The Hill and had previously worked at the Sydney Morning Herald and The Age.
USA Today Business Reporter Departing Via Buyout
Craig Harris, an investigative business reporter for USA Today, has taken the company’s buyout offer and will depart on Dec. 1. Harris has been a journalist for 31 years and worked at seven daily newspapers. In 2012 and 2014, Harris was one of the lead writers when The Arizona Republic was a finalist in breaking news coverage for the Pulitzer Prize. In 2017 and 2019, Harris won George Polk Awards for his reporting on state employees being wrongly fired and charter schools, respectively. He’s a three-time Arizona Reporter of the Year.
WSJ Announces New Promotion to Executive Producer of News Video
Xiaotian Zhang has been promoted to Executive Producer of news video at The Wall Street Journal. Zhang has been a senior supervising producer at The Journal for the past year. Zhang joined the news organization from ABC News, where he was a deputy coordinating producer, senior producer and multimedia producer.
Well-Known Health Pub, STAT News, to Open London Bureau
STAT News announces the opening of its London bureau and names a new DC bureau chief. Rick Berke, co-founder and executive editor of STAT, said, “This is an enormously important new frontier for STAT. Our surveys have shown that our most loyal readers are clamoring for European coverage. So much news on our core health topics emerges out of Europe.” Andrew Joseph will begin a new role as its first international correspondent in London early next year. In addition, STAT senior news editor Erin Mershon will also now have the additional title of Washington bureau chief.
Publication Spotlight
Industry Dive to Launch Three New Newsletters in 2023
Industry Dive will debut three new newsletters – in the fashion, hotel, and packaging industry – in 2023. The slated launch date is early March 2023. Once published, these three new newsletters will bring Industry Dive’s publications up to 32 titles. “Our entry into the fashion, hotels and packaging sectors represents our next step toward our goal of producing the world’s best business coverage in any market,” said Industry Dive editor-in-chief Davide Savenije in a statement. The company recently hired Brandon Castro as the talent acquisition officer, focusing on recruiting new journalists, and Stacy Desimini as the project manager of the three launches.
