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2023 Media Layoffs: Opera News Shutting Down U.S. Publication

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Opera News is shutting down its U.S.-based publication, the Metropolitan Opera Guild announced Tuesday, adding to layoffs at CoinDesk, Entertainment Tonight and Hearst Magazines in the last month, as a brutal series of closures and job losses rock the media industry in 2023.

August 15The Metropolitan Opera Guild announced it would end the publication of Opera News—first published in 1936—in November following “several years of declining economic fortunes,” while the magazine will be incorporated as a section in the U.K.-based Opera magazine.

August 14Crypto-focused news outlet CoinDesk announced in a company memo that it would cut 18 people from its editorial staff, according to Axios.

July 27Entertainment Tonight laid off less than 10% of its staff—amounting to fewer than 20 employees—as part of a “small restructuring of staff,” according to Variety, including the program’s head of graphics and post-production supervisor, in addition to some producers and digital writers.

July 20Hearst Magazines cut 41 employees across its publications—which include Cosmopolitan, Elle and Seventeen, among others—a company spokesperson confirmed to Forbes, who said the company is “making strategic decisions that position the business for long-term growth.”

June 29ESPN cut 20 on-camera positions—including longtime commentator Jeff Van Gundy—and canceled a morning radio show hosted by Max Kellerman, Keyshawn Johnson and Jay Williams, according to the Washington Post, as Disney continues a wave of layoffs announced earlier this year.

June 27National Geographic laid off its staff writers, according to senior writers Craig Welch and Doug Main, who said the staff was notified about the layoffs “a while ago.”

June 26The Italian fashion magazine Grazia shut down its U.S. publication, according to Puck, after CEO Dylan Howard decided to not renew its publishing license with Pantheon Media.

June 24At least three people were laid off from The Hollywood Reporter, according to TheWrap.

June 22Bloomberg cut about 10 people from its national news desk, radio and television staff, according to Insider.

June 22Cheddar News—founded by former BuzzFeed president Jon Steinberg in 2016—laid off about 12 employees, according to Insider, including longtime anchors Chloe Aiello and Baker Machado, after the company said it, “like many other media companies,” suffered from a “challenging advertising environment.”

June 20Warner Bros. Discovery is laying off about 100 employees from its Discovery and Turner cable networks, according to Variety, as the company faces financial pressure amid a transition from cable to streaming and a heavy debt burden from last year’s merger of Discovery and AT&T-owned Warner Media.

June 14Bell Canada Enterprises announced it would eliminate 1,300 positions—an estimated 3% of its workforce—and close or sell nine radio stations, according to The Canadian Press, after executive vice president Robert Malcolmson said the company could not afford its media brands 0perating independently of one another.

June 13Southern California Public Radio announced it would cut 21 of the company’s 175 positions, which CEO Herb Scannell attributed to a decline in studio advertising—Scannell said the nonprofit will focus more on online news.

June 12Dot.LA, a company that covers Los Angeles-based startups, informed employees in a staff memo it would cut all seven members of its editorial staff in an effort to shift toward creating a newsletter focused on “profiling and highlighting” Los Angeles tech companies.

June 12The Athletic, which the New York Times acquired last year for $550 million, informed employees in a staff memo the U.S. sports news giant plans to cut 20 positions (roughly 4% of its workforce), while another 20 reporters will be moved to new beats.

June 9Morning Consult, a polling and data reporting company, announced it would close its newsroom while cutting seven of its editorial staff, according to a company spokesperson, as the company moves forward with “unifying and scaling our analyst team.”

June 7The Los Angeles Times announced it would be cutting 74 positions in its newsroom, including editors on its news and copy desks in addition to both full-time and temporary workers, because of the “economic climate and the unique challenges of our industry.”

June 6Bustle Digital Group laid off 21 employees, an estimated 5% of its workforce, after the company—which owns lifestyle brands Nylon, Bustle and Inverse, among others—struggled with advertising, according to Adweek.

June 5Spotify Vice President Sahar Elhabashi announced the company would cut 200 employees—2% of its workforce—as it moves forward with a plan to combine podcast units Gimlet Media and Parcast, following about 600 reported layoffs earlier this year.

May 19Fox News dissolved its investigative unit amid an effort to cut costs following the network’s $787.5 million settlement with Dominion Voting Systems, network employees told Rolling Stone (though a network source denied a connection between the layoffs and the settlement) and the New York Daily News reported three staffers were laid off, while four others were moved to other positions.

May 9MTV News was shut down as Paramount Media Networks—a division of Paramount Global—announced it would cut 25% of its staff because of “pressure from broader headwinds like many of our peers,” according to a company memo obtained by Variety.

April 27Vice Media will lay off more than 100 of its roughly 1,500 employees and shut down its Vice World News brand, sources familiar with the matter told the Wall Street Journal, following years of financial challenges for the once-ascendant media company.

April 24ESPN president Jimmy Pitaro announced in a memo the sports news network would begin cutting an unspecified number of employees, though the layoffs will primarily affect management positions, according to the Sports Business Journal, including communications vice president Mike Soltys and Russell Wolff, who oversaw the ESPN+ streaming platform.

April 20Buzzfeed CEO Jonah Peretti told Buzzfeed News staff the online publication would be shut down, according to a memo obtained by the New York Times, as the company shifts toward “concentrating our news efforts” on HuffPost, an outlet the company notes is “profitable.”

April 20Insider Inc.—formerly known as Business Insider—announced it would begin cutting an estimated 10% of its staff in an effort to “keep our company healthy and competitive,” an Insider spokesperson told Forbes.

March 30Disney’s broadcast news division announced it was laying 50 people at ABC News, following an earlier announcement by CEO Bob Iger indicating the company would continue an ongoing round of layoffs.

March 29Salem Media Group, a Texas-based Christian radio broadcaster, announced it would lay off about 3% of its 1,436 employees, according to RadioInsight.

March 27The Texas Observer’s staff of 17, who reportedly heard about the impending layoffs from reporters at the Texas Tribune, asked the Texas Democracy Foundation’s board to reconsider the decision to close the paper and set up an emergency GoFundMe page in a last ditch effort to find funding (the fundraising effort reversed the layoff plan for the time being).

March 23NPR canceled four podcasts—Invisibilia, Louder Than a Riot, Rough Translation and Everyone and Their Mom—and bean laying off 100 employees as part of a push to reduce a reported budget deficit of $30 million.

March 21NPR affiliate New England Public Media announced it will lay off 17 employees—20% of its staff—by March 31 after facing “serious financial headwinds during the last three years,” New England Public Media management tells Boston public radio.

March 19Sea Coast Media and Gannett, a media conglomerate with hundreds of papers and Sea Coast Media’s parent company, laid off 34 people and closed a printing press in Portsmouth, New Hampshire, as part of Gannet’s efforts to reduce the number of operating presses and prioritize digital platforms.

February 26Three Alabama newspapers—The Birmingham News, The Huntsville Times and the Press-Register—laid off 100 people following a prolonged decrease in print paper circulation, Alabama Media Group President Tom Bates told NPR.

February 17New York public radio station WNYC canceled radio show The Takeaway after 15 years on air after the show reportedly became too expensive to produce amid a declining audience—a reported 12, including host Melissa Harris-Perry, will lose their jobs.

February 9News Corp, which owns the Wall Street Journal and HarperCollins publishers, among others, expects to lay off 1,250 people across all businesses by the end of 2023, Chief Executive Robert Thomson reportedly told investors following compounding declines in profit.

January 24The Washington Post stops publishing its video game and kids sections, laying off 20 people a little over a month after publisher Fred Ryan foreshadowed layoffs in 2023—executive editor Sally Buzbee reportedly told employees the layoffs were geared toward staying competitive and no more are scheduled.

January 23The marketing trade publication Adweek laid off 14 people, according to employees.

January 21Vox Media, which owns The Verge, SB Nation and New York Magazine, laid off 133 people—7% of the media conglomerate’s staff—in anticipation of a declining economy, chief executive Jim Bankoff reportedly tells staff.

January 19Entertainment company and fan platform Fandom laid off less than 50 people at affiliated GameSpot, Giant Bomb, Metacritic and TV Guide, Variety reports, mere months after Fandom acquired the four outlets, among others, for $55 million.

January 13The Medford, Oregon-based Mail Tribune shut down their digital publication after hiring difficulties and declining advertising sales, according to publisher and chief executive Steven Saslow—an undisclosed number of people were laid off and severance packages depend on signing a non-disclosure agreement, the Oregonian reports.

January 12NBC News and MSNBC laid off 75 employees as part of a broader corporate reorganization.

January 4Gannett closed a printing press in Greece, New York, as part of an increased focus on online journalism, resulting in the layoffs of 108 people.

January 4Gannett laid off 50 employees at an Indiana printing press to “adapt to industry conditions,” a spokesperson told the Indiana Star—the press remains open and the layoffs aren’t expected to affect newspaper employees.

Tangent

Nate Silver, founder of Disney-owned FiveThirtyEight, tweeted on April 25 that Disney’s layoffs had “substantially impacted” the data-focused news site, suggesting his contract is up soon and he expects to “be leaving at the end of it.” Silver—who is best-known for his site’s election predictions—sold FiveThirtyEight to Disney subsidiary ESPN in 2013, after previously working at the New York Times.

 

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Sutherland House Experts Book Publishing Launches To Empower Quiet Experts

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Sutherland House Experts is Empowering Quiet Experts through
Compelling Nonfiction in a Changing Ideas Landscape

TORONTO, ON — Almost one year after its launch, Sutherland House Experts is reshaping the publishing industry with its innovative co-publishing model for “quiet experts.” This approach, where expert authors share both costs and profits with the publisher, is bridging the gap between expertise and public discourse. Helping to drive this transformation is Neil Seeman, a renowned author, educator, and entrepreneur.

“The book publishing world is evolving rapidly,” publisher Neil Seeman explains. “There’s a growing hunger for expert voices in public dialogue, but traditional channels often fall short. Sutherland House Experts provides a platform for ‘quiet experts’ to share their knowledge with the broader book-reading audience.”

The company’s roster boasts respected thought leaders whose books are already gaining major traction:

• V. Kumar Murty, a world-renowned mathematician, and past Fields Institute director, just published “The Science of Human Possibilities” under the new press. The book has been declared a 2024 “must-read” by The Next Big Ideas Club and is receiving widespread media attention across North America.

• Eldon Sprickerhoff, co-founder of cybersecurity firm eSentire, is seeing strong pre-orders for his upcoming book, “Committed: Startup Survival Tips and Uncommon Sense for First-Time Tech Founders.”

• Dr. Tony Sanfilippo, a respected cardiologist and professor of medicine at Queen’s University, is generating significant media interest with his forthcoming book, “The Doctors We Need: Imagining a New Path for Physician Recruitment, Training, and Support.”

Seeman, whose recent and acclaimed book, “Accelerated Minds,” explores the entrepreneurial mindset, brings a unique perspective to publishing. His experience as a Senior Fellow at the University of Toronto’s Institute of Health Policy, Management and Evaluation, and academic affiliations with The Fields Institute and Massey College, give him deep insight into the challenges faced by people he calls “quiet experts.”

“Our goal is to empower quiet, expert authors to become entrepreneurs of actionable ideas the world needs to hear,” Seeman states. “We are blending scholarly insight with market savvy to create accessible, impactful narratives for a global readership. Quiet experts are people with decades of experience in one or more fields who seek to translate their insights into compelling non-fiction for the world,” says Seeman.

This fall, Seeman is taking his insights to the classroom. He will teach the new course, “The Writer as Entrepreneur,” at the University of Toronto, offering aspiring authors practical tools to navigate the evolving book publishing landscape. To enroll in this new weekly night course starting Tuesday, October 1st, visit:
https://learn.utoronto.ca/programs-courses/courses/4121-writer-entrepreneur

“The entrepreneurial ideas industry is changing rapidly,” Seeman notes. “Authors need new skills to thrive in this dynamic environment. My course and our publishing model provide those tools.”

About Neil Seeman:
Neil Seeman is co-founder and publisher of Sutherland House Experts, an author, educator, entrepreneur, and mental health advocate. He holds appointments at the University of Toronto, The Fields Institute, and Massey College. His work spans entrepreneurship, public health, and innovative publishing models.

Follow Neil Seeman:
https://www.neilseeman.com/
https://www.linkedin.com/in/seeman/

Follow Sutherland House Experts:

https://sutherlandhouseexperts.com/
https://www.instagram.com/sutherlandhouseexperts/

Media Inquiries:
Sasha Stoltz | Sasha@sashastoltzpublicity.com | 416.579.4804
https://www.sashastoltzpublicity.com

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What to stream this weekend: ‘Civil War,’ Snow Patrol, ‘How to Die Alone,’ ‘Tulsa King’ and ‘Uglies’

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Hallmark launching a streaming service with two new original series, and Bill Skarsgård out for revenge in “Boy Kills World” are some of the new television, films, music and games headed to a device near you.

Also among the streaming offerings worth your time as selected by The Associated Press’ entertainment journalists: Alex Garland’s “Civil War” starring Kirsten Dunst, Natasha Rothwell’s heartfelt comedy for Hulu called “How to Die Alone” and Sylvester Stallone’s second season of “Tulsa King” debuts.

NEW MOVIES TO STREAM SEPT. 9-15

Alex Garland’s “Civil War” is finally making its debut on MAX on Friday. The film stars Kirsten Dunst as a veteran photojournalist covering a violent war that’s divided America; She reluctantly allows an aspiring photographer, played by Cailee Spaeny, to tag along as she, an editor (Stephen McKinley Henderson) and a reporter (Wagner Moura) make the dangerous journey to Washington, D.C., to interview the president (Nick Offerman), a blustery, rising despot who has given himself a third term, taken to attacking his citizens and shut himself off from the press. In my review, I called it a bellowing and haunting experience; Smart and thought-provoking with great performances. It’s well worth a watch.

— Joey King stars in Netflix’s adaptation of Scott Westerfeld’s “Uglies,” about a future society in which everyone is required to have beautifying cosmetic surgery at age 16. Streaming on Friday, McG directed the film, in which King’s character inadvertently finds herself in the midst of an uprising against the status quo. “Outer Banks” star Chase Stokes plays King’s best friend.

— Bill Skarsgård is out for revenge against the woman (Famke Janssen) who killed his family in “Boy Kills World,” coming to Hulu on Friday. Moritz Mohr directed the ultra-violent film, of which Variety critic Owen Gleiberman wrote: “It’s a depraved vision, yet I got caught up in its kick-ass revenge-horror pizzazz, its disreputable commitment to what it was doing.”

AP Film Writer Lindsey Bahr

NEW MUSIC TO STREAM SEPT. 9-15

— The year was 2006. Snow Patrol, the Northern Irish-Scottish alternative rock band, released an album, “Eyes Open,” producing the biggest hit of their career: “Chasing Cars.” A lot has happened in the time since — three, soon to be four quality full-length albums, to be exact. On Friday, the band will release “The Forest Is the Path,” their first new album in seven years. Anthemic pop-rock is the name of the game across songs of love and loss, like “All,”“The Beginning” and “This Is the Sound Of Your Voice.”

— For fans of raucous guitar music, Jordan Peele’s 2022 sci-fi thriller, “NOPE,” provided a surprising, if tiny, thrill. One of the leads, Emerald “Em” Haywood portrayed by Keke Palmer, rocks a Jesus Lizard shirt. (Also featured through the film: Rage Against the Machine, Wipers, Mr Bungle, Butthole Surfers and Earth band shirts.) The Austin noise rock band are a less than obvious pick, having been signed to the legendary Touch and Go Records and having stopped releasing new albums in 1998. That changes on Friday the 13th, when “Rack” arrives. And for those curious: The Jesus Lizard’s intensity never went away.

AP Music Writer Maria Sherman

NEW SHOWS TO STREAM SEPT. 9-15

— Hallmark launched a streaming service called Hallmark+ on Tuesday with two new original series, the scripted drama “The Chicken Sisters” and unscripted series “Celebrations with Lacey Chabert.” If you’re a Hallmark holiday movies fan, you know Chabert. She’s starred in more than 30 of their films and many are holiday themed. Off camera, Chabert has a passion for throwing parties and entertaining. In “Celebrations,” deserving people are surprised with a bash in their honor — planned with Chabert’s help. “The Chicken Sisters” stars Schuyler Fisk, Wendie Malick and Lea Thompson in a show about employees at rival chicken restaurants in a small town. The eight-episode series is based on a novel of the same name.

Natasha Rothwell of “Insecure” and “The White Lotus” fame created and stars in a new heartfelt comedy for Hulu called “How to Die Alone.” She plays Mel, a broke, go-along-to-get-along, single, airport employee who, after a near-death experience, makes the conscious decision to take risks and pursue her dreams. Rothwell has been working on the series for the past eight years and described it to The AP as “the most vulnerable piece of art I’ve ever put into the world.” Like Mel, Rothwell had to learn to bet on herself to make the show she wanted to make. “In the Venn diagram of me and Mel, there’s significant overlap,” said Rothwell. It premieres Friday on Hulu.

— Shailene Woodley, DeWanda Wise and Betty Gilpin star in a new drama for Starz called “Three Women,” about entrepreneur Sloane, homemaker Lina and student Maggie who are each stepping into their power and making life-changing decisions. They’re interviewed by a writer named Gia (Woodley.) The series is based on a 2019 best-selling book of the same name by Lisa Taddeo. “Three Women” premieres Friday on Starz.

— Sylvester Stallone’s second season of “Tulsa King” debuts Sunday on Paramount+. Stallone plays Dwight Manfredi, a mafia boss who was recently released from prison after serving 25 years. He’s sent to Tulsa to set up a new crime syndicate. The series is created by Taylor Sheridan of “Yellowstone” fame.

Alicia Rancilio

NEW VIDEO GAMES TO PLAY

— One thing about the title of Focus Entertainment’s Warhammer 40,000: Space Marine 2 — you know exactly what you’re in for. You are Demetrian Titus, a genetically enhanced brute sent into battle against the Tyranids, an insectoid species with an insatiable craving for human flesh. You have a rocket-powered suit of armor and an arsenal of ridiculous weapons like the “Chainsword,” the “Thunderhammer” and the “Melta Rifle,” so what could go wrong? Besides the squishy single-player mode, there are cooperative missions and six-vs.-six free-for-alls. You can suit up now on PlayStation 5, Xbox X/S or PC.

— Likewise, Wild Bastards isn’t exactly the kind of title that’s going to attract fans of, say, Animal Crossing. It’s another sci-fi shooter, but the protagonists are a gang of 13 varmints — aliens and androids included — who are on the run from the law. Each outlaw has a distinctive set of weapons and special powers: Sarge, for example, is a robot with horse genes, while Billy the Squid is … well, you get the idea. Australian studio Blue Manchu developed the 2019 cult hit Void Bastards, and this Wild-West-in-space spinoff has the same snarky humor and vibrant, neon-drenched cartoon look. Saddle up on PlayStation 5, Xbox X/S, Nintendo Switch or PC.

Lou Kesten

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Trump could cash out his DJT stock within weeks. Here’s what happens if he sells

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Former President Donald Trump is on the brink of a significant financial decision that could have far-reaching implications for both his personal wealth and the future of his fledgling social media company, Trump Media & Technology Group (TMTG). As the lockup period on his shares in TMTG, which owns Truth Social, nears its end, Trump could soon be free to sell his substantial stake in the company. However, the potential payday, which makes up a large portion of his net worth, comes with considerable risks for Trump and his supporters.

Trump’s stake in TMTG comprises nearly 59% of the company, amounting to 114,750,000 shares. As of now, this holding is valued at approximately $2.6 billion. These shares are currently under a lockup agreement, a common feature of initial public offerings (IPOs), designed to prevent company insiders from immediately selling their shares and potentially destabilizing the stock. The lockup, which began after TMTG’s merger with a special purpose acquisition company (SPAC), is set to expire on September 25, though it could end earlier if certain conditions are met.

Should Trump decide to sell his shares after the lockup expires, the market could respond in unpredictable ways. The sale of a substantial number of shares by a major stakeholder like Trump could flood the market, potentially driving down the stock price. Daniel Bradley, a finance professor at the University of South Florida, suggests that the market might react negatively to such a large sale, particularly if there aren’t enough buyers to absorb the supply. This could lead to a sharp decline in the stock’s value, impacting both Trump’s personal wealth and the company’s market standing.

Moreover, Trump’s involvement in Truth Social has been a key driver of investor interest. The platform, marketed as a free speech alternative to mainstream social media, has attracted a loyal user base largely due to Trump’s presence. If Trump were to sell his stake, it might signal a lack of confidence in the company, potentially shaking investor confidence and further depressing the stock price.

Trump’s decision is also influenced by his ongoing legal battles, which have already cost him over $100 million in legal fees. Selling his shares could provide a significant financial boost, helping him cover these mounting expenses. However, this move could also have political ramifications, especially as he continues his bid for the Republican nomination in the 2024 presidential race.

Trump Media’s success is closely tied to Trump’s political fortunes. The company’s stock has shown volatility in response to developments in the presidential race, with Trump’s chances of winning having a direct impact on the stock’s value. If Trump sells his stake, it could be interpreted as a lack of confidence in his own political future, potentially undermining both his campaign and the company’s prospects.

Truth Social, the flagship product of TMTG, has faced challenges in generating traffic and advertising revenue, especially compared to established social media giants like X (formerly Twitter) and Facebook. Despite this, the company’s valuation has remained high, fueled by investor speculation on Trump’s political future. If Trump remains in the race and manages to secure the presidency, the value of his shares could increase. Conversely, any missteps on the campaign trail could have the opposite effect, further destabilizing the stock.

As the lockup period comes to an end, Trump faces a critical decision that could shape the future of both his personal finances and Truth Social. Whether he chooses to hold onto his shares or cash out, the outcome will likely have significant consequences for the company, its investors, and Trump’s political aspirations.

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