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Google Made $4.7 Billion From the News Industry in 2018, Study Says (Published 2019)
Advertisement$4,700,000,000.It’s more than the combined ticket sales of the last two “Avengers” movies. It’s more than what virtually any professional sports team is worth. And it’s the amount that Google made from the work of news publishers in 2018 via search and Google News, according to a study to be released on Monday by the News Media Alliance.The journalists who create that content deserve a cut of that $4.7 billion, said David Chavern, the president and chief executive of the alliance, which represents more than 2,000 newspapers across the country, including The New York Times.“They...…Advertisement$4,700,000,000.It’s more than the combined ticket sales of the last two “Avengers” movies. It’s more than what virtually any professional sports team is worth. And it’s the amount that Google made from the work of news publishers in 2018 via search and Google News, according to a study to be released on Monday by the News Media Alliance.The journalists who create that content deserve a cut of that $4.7 billion, said David Chavern, the president and chief executive of the alliance, which represents more than 2,000 newspapers across the country, including The New York Times.“They...WW…
Quartz to lay off 80 employees, close SF office
Quartz, a business news site with offices around the world, is laying off nearly half its staff in a substantial restructuring after the economic fallout of the coronavirus pandemic drastically cut into its advertising revenue.Quartz’s owner, Japanese financial intelligence firm Uzabase, announced the layoffs in a public filing Thursday. The company said about 40% of Quartz staff members would lose their jobs, with the cuts focused on the advertising department. Quartz had 188 employees at the end of last year, Uzabase said.Zach Seward, the chief executive, said in a note to the staff that...…Quartz, a business news site with offices around the world, is laying off nearly half its staff in a substantial restructuring after the economic fallout of the coronavirus pandemic drastically cut into its advertising revenue.Quartz’s owner, Japanese financial intelligence firm Uzabase, announced the layoffs in a public filing Thursday. The company said about 40% of Quartz staff members would lose their jobs, with the cuts focused on the advertising department. Quartz had 188 employees at the end of last year, Uzabase said.Zach Seward, the chief executive, said in a note to the staff that...WW…
‘Like Choosing a Pope’: How Succession Got Messy at ‘Jeopardy!’ (Published 2021)
AdvertisementUpdate, Aug. 31: Mike Richards is out as .When Ken Jennings arrived at the “!” studios in November for the first day of his audition to become the new host of the long-running quiz show, he found a gift waiting for him: a pair of Alex Trebek’s cuff links, along with a handwritten note from his widow, Jean.Mr. Trebek, the “” galaxy’s central star, had three weeks before, setting off a frenzy in Hollywood: one of the greatest jobs in television was available for the first time in 37 years.For some members of the “” crew, the cuff links validated their assumption that Mr....…AdvertisementUpdate, Aug. 31: Mike Richards is out as .When Ken Jennings arrived at the “!” studios in November for the first day of his audition to become the new host of the long-running quiz show, he found a gift waiting for him: a pair of Alex Trebek’s cuff links, along with a handwritten note from his widow, Jean.Mr. Trebek, the “” galaxy’s central star, had three weeks before, setting off a frenzy in Hollywood: one of the greatest jobs in television was available for the first time in 37 years.For some members of the “” crew, the cuff links validated their assumption that Mr....WW…
Swiss billionaire Hansjörg Wyss joins bidding for Tribune Publishing
AdvertisementBy New York TimesMar 27, 2021 at 5:12 pmAn octogenarian Swiss billionaire who makes his home in Wyoming and has donated hundreds of millions to environmental causes is a surprise new player in the bidding for Tribune Publishing, the major newspaper chain that until recently seemed destined to end up in the hands of a New York hedge fund.Hansjörg Wyss (pronounced Hans-yorg Vees), the former CEO of medical device manufacturer Synthes, said in an interview Friday that he had agreed to join with Maryland hotelier Stewart W. Bainum Jr. in a bid for Tribune Publishing, an offer that...…AdvertisementBy New York TimesMar 27, 2021 at 5:12 pmAn octogenarian Swiss billionaire who makes his home in Wyoming and has donated hundreds of millions to environmental causes is a surprise new player in the bidding for Tribune Publishing, the major newspaper chain that until recently seemed destined to end up in the hands of a New York hedge fund.Hansjörg Wyss (pronounced Hans-yorg Vees), the former CEO of medical device manufacturer Synthes, said in an interview Friday that he had agreed to join with Maryland hotelier Stewart W. Bainum Jr. in a bid for Tribune Publishing, an offer that...WW…
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