The Wrap has a new chief product officer as the former digital executive at Tribune Publishing, Dan Strauss, has taken over the position, the Hollywood media outlet announced.
Strauss recently spent time as the senior vice president and general manager of entertainment and lifestyle at the Los Angeles Times, a position he held since 2017. However, he left the role last September.
“I’m thrilled to join Sharon and The Wrap organization to deliver exceptional products, partnerships and customer experiences that drive audience acceleration, new product development, and revenue growth,” Strauss said.
According to the report, Strauss is in charge of growing subscriptions, producing new products, and exploring licensing and partnership deals as they bounce back from COVID-19, which shut down much of Hollywood.
“The Wrap has entered a new phase of growth after emerging successfully from the challenges of the pandemic year,” Sharon Waxman, founder and editor in chief, said.
“Dan is a key element of that growth strategy and an important addition to our top-notch management team.”
Waxman also touched on the financial aspects of the media out but didn’t reveal the exact figures. Nonetheless, she stated that the company is no longer in investment mode and is making a profit.
Strauss has experience working in the Hollywood media industry. The former LA Times executive worked as the general manager for both The Hollywood Reporter and Billboard.
Chicago Mayor Lori Lightfoot Defends Her Interview Policy
The Chicago Mayor believes she’s starting a long and overdue process of media outlets diversifying their staff and news coverage.
Recently, Chicago Mayor Lori Lightfoot (D) revealed her policy to grant one-on-one media interviews solely to people of color.
The decision to grant access to journalists and reporters of color isn’t sitting well with some. The Daily Caller filed a lawsuit in the U.S. District Court for the Northern District of Illinois over this policy.
“Defendant is aware that Plaintiff Catenacci is not a ‘journalist of color,’ and Defendant has denied Plaintiff’s interview request pursuant to her announcement that she will only grant interview requests from ‘journalists of color,'” the suit states.
Lightfoot defended her stance during an interview with CNN. The Chicago Mayor believes she’s starting a long and overdue process of media outlets diversifying their staff and news coverage.
“Here’s the thing: I’m the mayor of the third-largest city in the country. I’m an African American woman, to state the obvious. Every day when I look out across my podium, I don’t see people who look like me. But more to the point, I don’t see people who reflect the richness and diversity of the city,” Lightfoot said.
“You all are the mirrors on society. You reflect with a critical and important lens the news of the day. You hold public officials like me accountable. You must be diverse. It can’t be that in the city of Chicago with all of the talent that we have that we can’t find diverse journalists of color.”
YouTube Suspends Sen. Johnson for COVID-19 Misinformation
YouTube’s policy states it doesn’t permit content that spreads medical misinformation opposing local health authorities or the World Health Organization’s information regarding COVID-19.
YouTube has suspended Sen. Ron Johnson for one week after the company announced the politician violated its COVID-19 “medical misinformation policies.”
The Milwaukee Journal Sentinel reports the digital platform that Johnson had his account suspended due to comments the senator made during a June 3 Milwaukee Press Club event, which got uploaded to YouTube.
Johnson scrutinized the Trump and Biden administrations for “not only ignoring but working against robust research (on) the use of cheap, generic drugs to be repurposed for early treatment of COVID.”
“We removed the video in accordance with our COVID-19 medical misinformation policies, which don’t allow content that encourages people to use Hydroxychloroquine or Ivermectin to treat or prevent the virus,” a YouTube spokesperson said.
YouTube’s policy states it doesn’t permit content that spreads medical misinformation opposing local health authorities or the World Health Organization’s information regarding COVID-19. Nonetheless, the company’s decision didn’t sit well with Johnson.
“YouTube’s ongoing COVID censorship proves they have accumulated too much unaccountable power,” Johnson said in a statement.
“Big Tech and mainstream media believe they are smarter than medical doctors who have devoted their lives to science and use their skills to save lives. They have decided there is only one medical viewpoint allowed, and it is the viewpoint dictated by government agencies.”
Johnson is one of many to see their YouTube accounts suspended due to spreading COVID-19 misinformation. In the last year, channels such as those from One America News have received a suspension.
BuzzFeed Raising About $200M to Purchase Complex Networks
BuzzFeed has held discussions with Complex, which Verizon and Hearst control, for the last few months.
Last month, reports surfaced over BuzzFeed potentially having interest in purchasing Complex Networks.
Now that appears to be occurring as the media outlet raises about $200 million in convertible bonds. The Information reports that BuzzFeed is preparing to make an offer for the modern entertainment company.
According to the report, the financing helps BuzzFeed fund the acquisition of Complex Networks. Furthermore, negotiations between both parties occur at an equity value of around $300 million, meaning the company’s value hasn’t risen much.
BuzzFeed has held discussions with Complex, which Verizon and Hearst control, for the last few months. Should the deal be completed, the purchase would grow BuzzFeed’s revenue by about 30-percent in advertising and commerce-related marketing.
The Information adds that that the two sides are “getting close to a resolution.” An announcement from both media outlets is “possible in the next few weeks,
Complex Networks owns various sites, such as Complex, which emphasizes pop culture news and sports; Sole Collector, a website for hardcore sneaker collectors; and Pigeons & Planes, specializing in music news.
“We have no news to announce today and can’t confirm or comment on potential acquisitions or other plans,” a BuzzFeed spokesman said when requested for comment last month over the company’s interest in Complex Networks.
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