FROM Sarah Ellison
What's Behind Yahoo's Downturn When Marissa Mayer took the helm of Yahoo four years ago, she vowed to reinvigorate the technology company as a major media brand. Her most visible strategy - big bets on big names, like hiring Katie Couric as Yahoo’s “Global Anchor.” And it seemed like the bet was paying off - Couric’s original interviews were viewed millions of times. In August, Mayer made her last high-profile hire, Martha Nelson, the former top editor of Time, Inc. But less than a year later, Yahoo is in bad shape. It will shed 15 percent of its staff and its core business may be up for sale. The reason for the failure, according to a new article in Vanity Fair , is that Yahoo’s new talent has been competing with Kim Kardashian’s...uh...rear end for clicks.
Rupert Murdoch on the Witness Stand Rupert Murdoch and his son, James, answered questions from members of Parliament today for almost three hours. Rupert Murdoch apologized, denied previous knowledge and blamed subordinates for the cell phone-hacking and bribery scandal rocking Britain's political elite. We hear about the testimony and the protester who threw shaving cream at the elder Murdoch's face.
Rupert Murdoch on the Witness Stand Britain's 80-year old press lord, Rupert Murdoch, and his son, James, answered questions from members of Parliament today for almost three hours, saying that phone hacking and bribing police officers are wrong. Both denied knowing that News Corp policies were broken so often and blamed subordinates they accused of betraying them and their company. At one point, a protester managed to throw a small amount of shaving cream in the elder Murdoch's face. We hear about the substance and the drama as the scandal develops.
Who Will Buy the Tribune Company? Yesterday was the deadline for bids for Tribune Publishing , owner of the Los Angeles Times . As recently as Tuesday, investment analysts were saying there might not be any bids at all. Yet, there were, from the Chandler family , the former owners; from Eli Broad and Ron Burkle, working together; and from a private equity firm interested in the Tribune’s TV stations. That’s according to Sarah Ellison in today’s Wall Street Journal .
Local Billionaires Make a Bid for the LA Times Yesterday, LA Times Editor Dean Baquet was forced out by Tribune Publishing over the issue of cuts in the editorial staff. Today, the paper reports on its website that local billionaires Ron Burkle and Eli Broad have offered to buy it.
Another Shoe Falls at the LA Times This afternoon, the Wall Street Journal Online reported that LA Times Editor Dean Baquet had been forced out of his job. Baquet confirmed it to the news room staff. Then publisher David Hiller made the official announcement, saying that Baquet will be replaced by Jim O'Shea, now editor of the Chicago Tribune . Tribune Publishing owns the Times.
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
Is the threat from Russia missing from the Russia meddling probe? There's much being made about the Trump administration's possible ties with Russia. But the bottom line is Russia's effort to influence American democracy. Do the President and his aides care enough to take action before voters go back to the polls?
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.