The most ubiquitous sports publication in the country has an uncertain path forward after a recent round of layoffs. For many readers, there was nothing that made quite the same statement in the sporting world as a Sports Illustrated cover. A lament for the magazine’s history and the power of the visuals on its covers ran in the New York Times this week, following the news that SI conducted mass layoffs and that much of the remaining staff would have an uncertain future with the publication after 90 days, leaving the vaunted magazine to twist in the wind. Sadly, the seeming…
Author: Omar sherif
LONDON — After WPP announced this week it would be merging its two biggest PR agencies, BCW and Hill & Knowlton, to create a $1 billion communications firm, the holding group’s chief executive Mark Read spoke to PRovoke Media. What’s the rationale for and thinking behind the merger? Covid demonstrated to clients the value of strategic communications. When I looked at the agencies, both had done well, so this is nothing to do with the performance of the businesses. It’s about the opportunity Corey [duBrowa, BCW global CEO] and AnnaMaria [DeSalva, H&K chairman and CEO] saw to take a leadership position…
eBay is cutting 1,000 roles, about 9% of its full-time employees, the company’s CEO announced online Tuesday. The company also plans to scale back its contracts with its “alternate workforce” in the coming months. CEO Jamie Iannone cited the “challenging macroeconomic environment” as an external pressure but added that there are factors the company can control. “While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business. To address this, we’re implementing organizational changes that align and consolidate certain teams to improve the end-to-end experience, and better meet the needs of our customers…
Vince McMahon has resigned from his role as executive chairman of TKO, the parent company of WWE, following disturbing allegations of sexual assault, trafficking and physical abuse. The allegations came to light in a lawsuit filed by a former WWE staffer, Janel Grant, who worked at the headquarters of the wrestling behemoth McMahon founded. McMahon has denied the allegations, and said he is prepared to defend himself in court. But, in a statement Friday, McMahon said that he has resigned. “Out of respect for the WWE Universe, the extraordinary TKO business and its board members and shareholders, partners and constituents, and all…