NYTIMES (Benjamin Mullin) - Saturday Evening Post Will Stop Printing After 205 Years
The magazine, famous for publishing Jack London stories and Norman Rockwell art, will continue online.
AXIOS (Madison Mills) - OpenAI sheds senior execs in pre-IPO refresh
A wave of top OpenAI executives — including Sam Altman's top deputy, a longtime chief operating officer and the chief revenue officer — has left in the span of a month as the company retools its leadership ahead of an expected IPO. Why it matters: Co-founder Greg Brockman is getting more involved across every level of the company to build out a leadership team he hopes will catapult OpenAI past Anthropic in enterprise adoption, according to a source familiar with the matter. Zoom in: OpenAI's recent personnel changes are driven by strategy more than the revolving door that's come to define the broader AI talent exodus. - OpenAI chief revenue officer Denise Dresser is leaving the company less than a year into the role. - The lab…
A wave of top OpenAI executives — including Sam Altman's top deputy, a longtime chief operating officer and the chief revenue officer — has left in the span of a month as the company retools its leadership ahead of an expected IPO. Why it matters: Co-founder Greg Brockman is getting more involved across every level of the company to build out a leadership team he hopes will catapult OpenAI past Anthropic in enterprise adoption, according to a source familiar with the matter. Zoom in: OpenAI's recent personnel changes are driven by strategy more than the revolving door that's come to define the broader AI talent exodus. - OpenAI chief revenue officer Denise Dresser is leaving the company less than a year into the role. - The lab…Open
THENATIONALPULSE (Pulse Wires) - Amazon Slashes AI Division Following Prolonged Underperformance.
Amazon is reevaluating its AI strategy by downsizing its Nova AI models and redirecting resources toward robotics-focused development.
Amazon is reevaluating its AI strategy by downsizing its Nova AI models and redirecting resources toward robotics-focused development. PULSE POINTS WHAT HAPPENED: Amazon is scaling back much of its in-house artificial intelligence development after several of its Nova AI models failed to meet expectations. The company is reportedly placing most of its text, image, and video generation models into a maintenance mode that provides only minimal resources, while shifting staff and computing power to a single frontier AI project led by Pieter Abbeel, the former co-founder of robotics startup Covariant, which Amazon acquired in 2024. DETAIL: The move is intended to concentrate resources on the company’s highest-priority AI initiatives,…Open
JUSTTHENEWS (Misty Severi) - ESPN lays off notable sports reporters in latest round of cuts
The latest round of layoffs included popular sports reporter Tom Pelissero, long-time baseball broadcaster Karl Ravech, NFL analyst Ryan Clark and former NFL quarterback Cam Newton.
DAILYCALLER (Paris Apodaca) - Comcast’s Stock Soars Pre-Market Amid Spinoff Announcement
'open up a multitude of new opportunities'
| Keywords | comcastnbcstock-marketfinancebusinesstechmediaentertainmentinvestingwall-streetspinoffcorporate-restructuringtradingeconomyusa |
NYTIMES (Benjamin Mullin) - Comcast to Spin Off NBCUniversal, Ending a Long Union of Cable and Media
The media business, which owns NBC News and Universal Pictures, will be separated from Comcast’s cable and internet business, following a trend in the media industry.
| Keywords | comcastnbcuniversalspinoffmedia-industrynbc-newsuniversal-picturescableinternetbusiness-newsmergers-and-acquisitionsstreamingcorporate-restructuringmedia-conglomeratenytimes |
ABCNEWS - Comcast plans to split into two public companies by spinning of NBCUniversal and Sky
Comcast is planning to split itself into two separate publicly traded companies by spinning off NBCUniversal and Sky
NYTIMES (Kim Bhasin) - Saks Emerges From Bankruptcy With a New Plan and Corporate Name
The retailer, renamed Exemplar Luxury Group, is ditching anything that isn’t focused on high-end department store shopping.
NYTIMES (Sophia June) - ‘60 Minutes’ Turmoil: What to Know After Scott Pelley’s Firing
Scott Pelley’s firing is the latest in a string of controversies and staffing shake-ups that have plagued CBS’s news division.
NPR (David Folkenflik) - NPR's newsroom shrinks through buyouts and layoffs
At least 18 NPR journalists have accepted buyouts and another 10 have been laid off as the public media network attempts to save money and reorganize the newsroom.
At least 18 NPR journalists have accepted buyouts and another 10 have been laid off as the public media network attempts to save money and reorganize the newsroom.Open
| Keywords | nprmediajournalismlayoffsnewsroombusinessstaff-cutsemploymenteconomypublishingwashington-dcmass-mediamedia-industrycorporate-restructuringmedia-crisisdavid-folkenflik |