This page hosts daily news stories about the media, social media, and the journalism industry. Get the latest Hirings and Firings, Media Transactions, Controversies, and more.
Gannett Launches $100 Million Cuts and Revamps Subscription Model
After a turbulent first half of the year, Gannett is launching a $100 million cost-cutting initiative and shifting its subscription strategy. Despite posting a $78.4 million profit, up from $13.7 million the year before, total revenue fell 8.6% to $584.9 million. The company will close two major print facilities, automate and outsource various operations, and roll out buyouts to reduce costs. Gannett is also pivoting to annual subscription offers and increasing prices in high-engagement markets. Gannett also announced a licensing deal with AI search engine Perplexity and is working to prevent unauthorized content scraping by AI firms. Read More (Poynter Rating)
Skydance Denies Role in Colbert Cancellation as Merger Faces Scrutiny
Skydance Media has stated it was not involved in Paramount’s decision to cancel “The Late Show with Stephen Colbert” in 2026. The announcement follows scrutiny from Senators Warren, Wyden, and Sanders over whether the show’s cancellation was linked to merger concessions made to the Trump administration. Paramount recently settled a Trump defamation lawsuit for $16 million and agreed to several conditions, including the installation of a CBS News ombudsman and ad donations to conservative causes. Skydance attorney Stephanie Kyoko McKinnon assured lawmakers the company was not part of these decisions and had limited input on the settlement and other concessions. Read More (The Desk Rating)
The Daily Beast Retracts Story Linking Melania Trump to Epstein
The Daily Beast has retracted an article suggesting First Lady Melania Trump met Donald Trump through Jeffrey Epstein, based on claims from author Michael Wolff. Following a legal challenge from Melania Trump’s attorney, the publication removed the piece and issued an apology. Wolff had made the allegations during a podcast interview, referencing model agency founder Paolo Zampolli and Epstein’s social network. The Daily Beast later acknowledged that the article misrepresented the podcast comments. The outlet faced criticism for giving undue weight to Wolff, who has a history of controversial and often disputed claims. Read More (Poynter Rating)
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