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Donald Trump’s Social Media Company Receives $1B Backing

Trump Media & Technology Group Corp. (TMTG) and its blank-check company made the announcement on Saturday. 

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According to The Hill, former President Donald Trump’s social media company is being backed by an unidentified group of investors who have pledged $1 billion. 

Trump Media & Technology Group Corp. (TMTG) and its blank-check company made the announcement on Saturday. 

Trump was banned from various social media sites following the Jan.6 riots at the U.S. Capitol. 

“$1 billion sends an important message to Big Tech that censorship and political discrimination must end,” Trump said in a statement. 

“America is ready for TRUTH Social, a platform that will not discriminate on the basis of political ideology. As our balance sheet expands, TMTG will be in a stronger position to fight back against the tyranny of Big Tech.”

The company is expected to release a subscription-based video streaming service called TMTG+. The company is also expected to offer” news, entertainment, podcasts and other content.

“I am confident that TMTG can effectively deploy this capital to accelerate and strengthen the execution of its business, including by continuing to attract top talent, hire top technology providers, and roll out significant advertising and business development campaigns,” Digital World CEO and Chairman Patrick Orlando said in a statement.

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NBC News Chicago Launches 24/7 Streaming Channel on Peacock

The free streaming channel will broadcast from the NBC Tower studios of WMAQ-Channel 5, providing Chicago news, weather, sports, investigative reporting, lifestyle content, and storytelling. 

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Chicagoans will now have a 24/7 local news streaming channel branded NBC Chicago News which is now live on the company’s streaming platform Peacock. 

The free streaming channel will broadcast from the NBC Tower studios of WMAQ-Channel 5, providing Chicago news, weather, sports, investigative reporting, lifestyle content, and storytelling. 

“It’s pivotal today to make sure we engage and serve our viewers wherever they are with our local news programming,” Kevin Cross, president and general manager of NBC Universal Local Chicago, said in a statement

“The addition of NBC Chicago News to the Peacock channel lineup gives us the access we need to consumers as they continue to diversify their preferences of platforms and media.”

Chicago isn’t alone in receiving a local streaming news channel as Philadelphia, Boston, and Miami were part of a simultaneous rollout. Similar launches are planned for New York and Los Angeles in the coming months.

“We know the importance of local news to our subscribers, and this further distinguishes the Peacock experience where you can stream everything from award-winning news content to original scripted shows, premium movies, live sports, and more all on our platform,” Jen Brown, senior vice president of program planning for Peacock, said. 

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News Print & Digital

NBC News Executive Editor David Firestone to Retire in May

Firestone plans to retire in mid-May after 45 years in the journalism business, with the last five coming at NBC.

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NBC News is preparing to goodbye to a journalism veteran as executive editor David Firestone plans to retire in mid-May after 45 years in the business, with the last five coming at NBC.

Firestone joined NBC News on May 1, 2017, serving first as the managing editor for NBC News Digital then earning a promotion to executive editor in March of last year.

“It’s time to let someone else come in and take the team forward, to add to the foundation we have built for one of the highest-quality news sites in the country,” Firestone said in a statement provided by TV Newser

“I’m looking forward to traveling with Susan and our family and to spend time with our new grandson, but I can’t wait to read the great journalism that this team is going to produce in the years to come.”

Before his tenure with NBC News, Firestone spent two years as the managing editor at FiveThirtyEight, focusing on politics, particularly the 2016 presidential cycle. Before that, he spent 21 years as a reporter and editor at The New York Times.

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Fareed Zakaria Will Host Original Series on CNN+

Zakaria will decode the backstories of the power dynasties, revolutions, spy missions, missed opportunities, and history-shaping assassinations in his new series.

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CNN continues adding content for their upcoming streaming platform CNN+, which will debut in the Spring. The latest to get a show is Fareed Zakaria will host “Flashpoints with Fareed Zakaria.”

Zakaria will decode the backstories of the power dynasties, revolutions, spy missions, missed opportunities, and history-shaping assassinations in his new series. He will help the audience comprehend how the world’s most dangerous people and locations have arrived at transformational tipping points.

“This is the history behind the headlines, the stories, people, and forces that created the crises of today,” Zakaria said in a statement about Flashpoints.

“The intriguing backstories that we delve into for Flashpoints have power, betrayal, espionage, and assassination. The storytelling is naturally as thrilling as a John Le Carré novel…except it all really happened,” Nancy Duffy, senior vice president of program development for CNN Worldwide, who oversees the Zakaria series, said. 

The program, filmed in a cinematic style, is expected to begin streaming as an anthology later in 2022 on CNN+. 

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