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| Keith Cocozza |
Keith Cocozza, executive VP marketing & communications at WarnerMedia, is out as Jason Kilar, who became CEO on May 1, reorganizes the AT&T unit to simplify operations in order to better service its customers.
Christy Haubegger, chief enterprise inclusion officer, will oversee the global marketing and communications team, including branding and corporate social responsibility.
Kilar thanked Cocozza for “not only helping me navigate these last few months at the company—and with the media—but more importantly for his 19 years at the company through its evolution. I have never met a kinder, more collaborative executive in my career.”
WarnerMedia is laying off about 800 staffers at its Warner Bros. and HBO operations.
Prior to WarnerMedia, Kilar was founding CEO of Hulu and senior VP at Amazon.
In announcing the reorganization, Kilar said: “Because of the gift that is the Internet, we have what I believe is one of the greatest opportunities in the history of media, which is to deliver our beloved stories and experiences directly to hundreds of millions of consumers across the globe.
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
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