The Wall Street Journal was hit with wide-ranging layoffs as its parent company, News Corp., puts a focus on digital news gathering, reports CNN. The cuts are the beginning of more layoffs to come that could result in over 100 job losses, according to the Journal’s own news story, which cited sources, continued the CNN report.
The CNN report also stated:
“Among the reasons for the layoffs, editor in chief Gerard Baker cited “the rapid spread of free news and content, the ascent of digitally native media companies that compete with us for readers and advertisers and even purloin our journalism.”
“In an internal memo, Baker wrote, “We must continue and accelerate the transformation of our newsroom with a bold but simple aim: to become the premier digital news organization in the world. This process inevitably requires us to discontinue some of our activities as we invest more in others.”
“A number of European and Asian bureaus will be closed or reduced in size.”
HuffPost Creates HuffPost24, a 24-Hour Online Video Network
More than two years after the launch of HuffPost Live, The Huffington Post plans to significantly boost its video capabilities through the creation of a 24-hour online video network, reports The Hollywood Reporter.
HuffPost 24 will feature live programming, short-form video, original series, documentaries and other video. The network will be available on the HuffPost website, via apps, over-the-top and distributed as VOD content, continued the report.
“It’s part of our growth plan to be 50-50 video,” Huffington Post’s founder and editor-in-chief Arianna Huffington told The Hollywood Reporter. “As we see the world moving to mobile and global video, these are pretty big priorities. Being able to produce video that can be consumed both by over-the-top and mobile is a huge priority for us.”
WashPost Creates “Talent Network” of Freelancers
The Washington Post Talent Network is a new tool for Post editors that enables “top freelancers” across the nation and around the world to cover breaking news for The Post and to pitch and create enterprise stories online and in print, reported The Post. The Talent Network, stated The Post, represents a new model for covering far more subjects in far more places, allowing The Post to draw systematically and efficiently on the impressive journalistic talent in locations where it does not have full-time staffers. The Talent Network will serve all departments at The Post, and all freelance assignments ultimately will be managed through the system. The system is expected to eventually include a full range of journalistic talent and specialties as well as journalists based overseas.