The company is entering an industry with few success stories. (Axios earlier reported some details of Semafor’s funding.) He declined to provide a valuation for Semafor. The Guardian: Dana Canedy, the first Black woman to serve as the publisher of Simon & Schuster, was named managing editor of Guardian U.S.Discovery announced that the new streaming service expected to replace HBO Max, uniting HBO titles and Discovery reality series, would be named Max. Farewell, HBO: Executives at Warner Bros.Vox Media: The company said it was spinning off NowThis, a news site whose videos regularly go viral on Instagram and TikTok, ahead of the 2024 presidential election.NPR: The broadcaster said it would suspend all Twitter use after the social network designated it “U.S.Bloomberg, the billionaire founder of Bloomberg L.P., was pitched but decided not to invest. Bradley, chairman emeritus of The Atlantic and John Thornton, co-founder of the American Journalism Project and The Texas Tribune. The money to get started comes from a variety of wealthy people, including the crypto-billionaire Sam Bankman-Fried and his brother Gabe Jessica Lessin, the founder of The Information David G. They hired Rachel Oppenheim, an advertising executive at The Times, to be the company’s chief revenue officer. They plan to eventually charge for subscriptions. The operations will initially be supported by around $25 million from investors, with early revenue coming from advertising and live events. The coverage is set to start this fall, they said in a recent interview, with a staff of about 30 journalists based in London, New York and Washington, D.C., and another international location, either in Africa or the Middle East. They said it would tackle the lack of trust in media and compete for English-language readers against outlets like CNN, The Times and The Washington Post. Justin Smith and Ben Smith surprised the media world early this year when they said they were leaving prominent jobs at Bloomberg Media and The New York Times to start a global news organization, Semafor. And journalists will be permitted to offer their analysis on social media. Reporters’ bylines will be as prominent as headlines. News articles will be broken into sections distinguishing facts from opinion.
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