Is pitching stories easier when there are fewer journalists? More buyouts in the media world are underway, this time at some of the Southern California papers owned by Alden Global Capital, the company that owns MNG Enterprises, which is trying to take over Gannett. The New York Post reports that Riverside Press-Enterprise reporters (one of the affected newspapers) were told they were not eligible, but editors, designers, photographers and ad sales people were. There’s no confirmation if journalists at the Orange County Register and other Alden Global Capital papers in the area will be offered buyouts.
President Trump spoke about wind power in a campaign speech. The president made his first post-Mueller findings speech Thursday, attacking his critics and mentioning the Smollet case, auto industry jobs (he was in Michigan), immigration, and health care. Trump also mocked renewable energy and said "If Hillary got in... you'd be doing wind. Windmills. Weeeee. And if it doesn't blow, you can forget about television for that night. 'Darling, I want to watch television.' 'I'm sorry! The wind isn't blowing.'" (The Hill) "'I know a lot about wind,'" Trump added.
Tim Sloan, CEO of Wells Fargo & Co., quit Thursday, after three years of trying to deal with scandals at the country’s fourth-largest bank. The firm’s general counsel, C. Allen Parker will assume the role on an interim basis. Since he took the job in 2016, critics including Senator Elizabeth Warren, said Sloan was too much of an insider to clean up the bank and had to go. The critics apparently won the day even though the bank’s board recently voiced support for Sloan and its top shareholder, Warren Buffett, said he backed Sloan "100 %." (Bloomberg)
Internal Facebook discussions about Alex Jones have been revealed in leaked emails. A Business Insider story about the emails offers an insider’s view of the executive talks that occurred the same day Facebook banned white nationalism and white separatism posts. The leaked email chain includes more than 20 Facebook and Instagram executives talking about a post by the Infowars host.
Kellogg has handed its influencer account to Weber Shandwick, taking the work away from incumbent DJE Holdings (Edelman) shop Krispr. PRWeek broke the news that the account was up for review last November.