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NEWS

The current move to subscription models is a revolutionary shift for journalism

This article, the third in a series, was first published on Medium and is being republished here with the permission of its author. Even though an entire generation has grown up with the internet at their fingertips, it’s important to remember that digital journalism is still in its infancy. It has only been 26 years since the world’s first … Read More
NEWS

The inside story of ESPN's layoffs — and where it goes from here

If an entrepreneur was smart, that person should start some sort of sports content operation with many of the folks let go by ESPN Wednesday. You would have some major talent on the roster to hit the ground running from day one. Then again, a smart entrepreneur might look at what's going on at ESPN and look to invest elsewhere. Read More
NEWS

ESPN lays off about 100 employees

ESPN on Wednesday went through with a long-awaited round of layoffs that will trim about 100 commentators from the sports network's payroll as cord-cutters and digital media upstarts continue to disrupt the broadcaster's business model. Among those laid off are on-camera personalities that have become familiar faces on the network's coverage of hockey, football and baseball and writers for ESPN's … Read More
NEWS

Layoffs come to the East Bay Times after Pulitzer win

Earlier this month, the staff of the East Bay Times won a Pulitzer Prize for their breaking news coverage of the Oakland Ghost Ship Fire. Last week, their editor informed them of coming newsroom layoffs. "The timing's unfortunate coming after the Pulitzers, but the alternative would be not to have told people as soon as we knew what … Read More
NEWS

Gannett earnings forecast a bleak 2017 for newspaper companies

Warnings were that the first quarter of 2017 would be about as bad financially as the final two of 2016 for newspaper organizations. That proved to be the case today as Gannett kicked off the reporting season for publicly traded companies. Acquisitions led to some revenue growth. But comparing same properties: Print advertising revenues were down 17.7 percent compared … Read More
NEWS

Politico is trying to turn the business model for magazines on its head

I've read a hundred stories and written a few myself on the halting efforts of legacy magazines over the last decade to develop a complementary digital presence. That makes Politico Magazine a novelty. While many publications struggle to convert their ink and paper to pixels, the four-year-old glossy bimonthly is reversing direction with a foray from digital into … Read More
NEWS

With help from Trump, TV and cocktails, New York is trying to turn its rabid fans into an events business

Most money-making ideas in journalism don't involve holding a pajama party while slurping bloody marys. But come May, that's exactly what the pop culture-obsessed team at Vulture plans to do. Vulture isn't turning to drink because it's harder than ever to make money in journalism (although it's pretty bleak out there). No, they're knocking a few back at the … Read More
NEWS

How much is that digital media company really worth? A guide

How much is a digital media company worth? That is a question that a lot of us have been grappling with as lots of these companies have raised anywhere from a few million to hundreds of millions in venture capital. For publishers, their investors and potential acquirers, the question is crucial, as illustrated by a raft of recent coverage, … Read More
NEWS

Boardroom battle heats up as Tronc accuses billionaire investor of scheming to buy Los Angeles Times

What been tagged the "rat's nest of corporate intrigue" at Tronc. Inc., publisher of The Los Angeles Times and Chicago Tribune, got a bit larger and rattier Thursday as the company alleged that a Los Angeles billionaire has consistently violated its rules by buying more stock. The letter from Tronc, which alleges a "cynical and transparent attempt to smear" … Read More
NEWS

Report: BuzzFeed is going public in 2018

Long-swirling rumors of an eventual IPO for BuzzFeed gained credence this morning when Axios' Mike Allen reported that the company is planning to go public sometime in 2018. In doing so, BuzzFeed would become the first digitally native news organization in its weight class (Vox Media, Vice, Gizmodo Media Group, Group Nine Media) to go public. The Wall … Read More
NEWS

Is the marijuana boom ready for its own podcast?

When was the first time you smoked weed? For those who've never indulged (or perhaps never inhaled), the question might seem too personal for an interview. But, for the millions of Americans who smoke marijuana, it could be an entrée to a host of interesting questions: Where are you from? Who'd you hang out with when you were … Read More
NEWS

Democracy Fund and First Look Media are giving $9 million to nonprofit newsrooms

Democracy Fund and First Look Media on Monday announced $9 million in funding to bolster an independent free press split evenly between three newsrooms: ProPublica, the Center for Public Integrity and the Center for Investigative Reporting. Democracy Fund and First Look Media are also committing an additional $3 million to support independent in vigorous journalism. It includes: The Knight … Read More
NEWS

Philadelphia newspapers, in the middle of reorganization, have a new editor

The Philadelphia Inquirer, the Philadelphia Daily News and Philly.com have a new editor, the latest step in an ongoing reorganization of their parent company. Gabriel Escobar will be editor and vice president of Philadelphia Media Network, a new job that puts him in charge of news for the Inquirer, Daily News and Philly.com, the company announced Monday. Escobar, who was … Read More
NEWS

The Atlantic, the magazine of American ideas, is going global

Since its founding in 1857, The Atlantic has been a fundamentally American magazine. It was launched by leading lights of American literature: Ralph Waldo Emerson, Henry Wadsworth Longfellow and Oliver Wendell Holmes. Nathaniel Hawthorne reported for the magazine from Civil War battlefields. President Abraham Lincoln once said that a favorable article in the magazine could save him … Read More
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