All articles tagged with #media and business
Brian Rolapp, a long-time NFL executive and the league's chief media and business officer, is leaving after 22 years to become the CEO of the PGA Tour, marking a significant move in his sports career and potentially influencing future NFL leadership planning.
A Nevada commissioner has ruled against Rupert Murdoch's attempt to alter his family trust to ensure his eldest son, Lachlan Murdoch, would control the family's media empire. This decision means the empire will be equally divided among Murdoch's four oldest children, who have differing ideological views. The ruling follows a closed-door trial where Murdoch and Lachlan were found to have acted in "bad faith." Rupert Murdoch plans to appeal the decision.
Vivek Ramaswamy, who now owns 8.4% of BuzzFeed, has urged the company to cut staff, hire conservative commentators, and shift its strategy towards video and audio. BuzzFeed CEO Jonah Peretti responded by rejecting these proposals, emphasizing the company's commitment to its current journalistic standards. Shares in BuzzFeed rose 8% following the news.
Vice Media, known for its edgy content, will cease publishing new content on its flagship website and lay off several hundred staff as part of a strategic shift to partner with other media companies. The move reflects the broader struggles of news outlets in the digital era, with traditional and digital media alike facing challenges in finding a viable business model. This comes amid a wave of job cuts in the industry, with Vice's rivals like BuzzFeed News and Jezebel shutting down last year, and layoffs announced at other major media outlets.