Wants to remain largest shareholder
Bio: Joe Pompeo is a senior reporter at POLITICO Media. He was previously a reporter at Yahoo News, Business Insider and The New York Observer.
Tina Brown isn’t the only who's left the building, but the door is spinning both ways at The Daily Beast these days.
Launch is seen for this spring or summer, possibly around the time of the country's national elections in April and May.
He made roughly $5.3 million in 2013, including his base salary, stock awards and other compensation, whereas his 2012 earnings package totaled around $6.9 million.
"The family is united around its ownership and its responsibility"
A source says the magazine is considering a candidate from Texas Monthly
The Guardian said "several major new hires" will follow as part of a plan to "significantly expand its roster" of opinion writers.
Michael Luo, Michael Winerip, Nina Bernstein, Russ Buettner, N.R. "Sonny" Kleinfeld and David Chen.
Won't keep spending down the company's $2.5 billion cash pile
Managing editor Gerard Baker had previously described the strategy as a "Faustian pact" between news outlets and brands.
"It will be a very smart distillation of the news," executive editor Jill Abramson tells Capital.