'We need to access new and interesting pools of readers'
Bio: Joe Pompeo is a senior reporter at Capital, where he covers media. He was previously a reporter at Yahoo News, Business Insider and The New York Observer.
Sources said the new staff is scrambling to put its first issue to bed by tomorrow night and to transform the existing newsweek.com from a static site to a live one by the time the issue lands.
The employee reduction brings The Daily Beast's headcount down to around 65, which is comparable to what the site launched with in 2008, our source said. The site is now running on a scaled-back budget through at least 2014.
Myler, who previously edited the infamous News of the World, has given the News a jolt of old-school tabloid adrenaline, reminding readers that New York is still a two-tabloid town.
Business Insider plans to invest "hundreds of thousands of dollars" revving up its longform content, founder and editor-in-chief Henry Blodget told Capital.
With less than a day to go before Barry Diller's IAC passes the baton to Newsweek's new owner, IBT Media, word is beginning to leak out about the first new recruits at the legendary newsmagazine turned digital publication.
2016 is the projection for the first full year of profitability for Reuters Digital, according to sources who were present at a meeting last week; the division currently pulls in about $20 million in annual revenue on roughly $20 million in annual costs.
Rusbridger revealed this last night when he pulled some pocket-sized remains of a dismembered MacBook Pro out of his blazer during an appearance at the New York Public Library's Stephen A. Schwarzman building.
"With no more features, I think it's gonna look like a sort of 24-time-zone shopping guide. She's got a tough job ahead of her," a source told Capital.
"With the scrum of the press, it can be unforgiving, and it's also compounded when you're a woman and when you're openly gay," Berke said. "All these things made it really tough for her. [The documentary] also shows a candidate's unique relationship with her spouse [Kim Catullo], and I can't think of many other films that have captured that dynamic in the way this one does."