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| Alan Murray |
Fortune CEO Alan Murray is stepping down at the end of April 2024. Murray, who joined Fortune as top editor in 2014, saw the magazine through its 2017 sale as part of Time Inc.’s deal with Meredith, as well as its subsequent establishment as a stand-alone company after being sold for $150 million to Thai entrepreneur Chatchaval Jiaravanon. Murray then became its chief executive. Before coming to Fortune, Murray led the Pew Research Foundation and worked at the Wall Street Journal for nearly 20 years. In a memo to staff, Murray said that during his tenure, Fortune “grew our digital audience by 6X, increased our revenues by 50%, and produced three straight years of profits, while incubating new business.” He said he had no plans to retire after he stepped down and that Jiaravanon had asked him to consider staying on in a different role.
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| Campbell Brown |
Campbell Brown, who has been the face of the news business at Meta since coming on as Facebook VP of global news partnerships in 2017, is exiting the company. While Brown says that she will “remain affiliated with Meta in a new consultant capacity,” she added that more information about her new role with the company will be released in the coming weeks. After working on air for both NBC News and CNN, Brown co-founded The 74 Media, a nonprofit media company focused on education in America, in 2012. She was brought to Facebook in attempt to strengthen its ties with the news industry and oversaw partnerships with news organizations that used the platform, as well as piloting such initiatives as Facebook News and the newsletter Bulletin. As Meta’s focus on news has lessened, Brown’s role has shifted. She took on the title of VP of media partnerships last year, which has a scope covering sports leagues, film studios and digital media companies, in addition to news publishers.
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| Kiasia Truluck |
TIME promotes Kiasia Truluck to director, communications. Truluck was previously a senior manager. Prior to joining TIME, she held positions at Metro PR and Dan Klores Communications. In her new position, Truluck will lead strategic communications for TIME Studios, the company’s film and television division TIME Studios. She also leads oversees media relations and publicity efforts for TIME’s journalism and breaking news content, global live events, and major corporate announcements and brand partnerships.
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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