Justin Smith, who has served as CEO of Bloomberg Media for the past eight years, has stepped down from the company to form a start-up alongside New York Times columnist Ben Smith, who will lead the…
The two Smiths will run a global news media company that promotes “unbiased journalism.” The unnamed company has the working title of “Project Coda,” according to the Wall Street Journal.
“The news industry is facing a crisis in consumer trust and confidence due to the distorting influence of social media and rising levels of polarization and parochialism,” Justin Smith said in an email obtained by the. “My plan is to launch a premium news business that serves unbiased journalism to a global audience and provides a high-quality platform for the best journalists in the world.”
Scott Havens, Bloomberg Media’s chief growth officer and global head of strategic partnerships, will become the new CEO. Justin Smith will stay on as an advisor in the new few months to see the transition through. Prior to joining The New York Times as a media columnist in 2020, Ben Smith was the founding editor-in-chief of BuzzFeed. He said the target audience of the new start-up will be college-educated, English-language readers.
“There are 200 million people who are college educated, who read in English, but who no one is really treating like an audience, but who talk to each other and talk to us,” Ben Smith said in an
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bloomberg Media CEO Justin Smith Exits, Teams With N.Y. Times’ Ben Smith for StartupFormer Atlantic owner David Bradley is bankrolling the new venture.
Read more »
WSJ News Exclusive | Bloomberg Media CEO Justin Smith Steps Down to Found News StartupBloomberg Media's CEO Justin Smith said he is stepping down effective immediately to found a new media company to help address a crisis in trust among news consumers
Read more »
Jay-Z and Will Smith Fail to Do Emmett Till’s Mother Justice'The series, based partially on her autobiography, doesn’t seem to know why it’s interested in Till-Mobley as a subject beyond the popular narratives, well-touted information about her activism, and for the sake of honoring her memory' —kyndallrene
Read more »
J. Smith-Cameron Knows What You’re Thinking About Gerri“Kieran [Culkin] and I, in a friendly way, started this sort of silly flirtation,” J. Smith-Cameron says, about her “Succession” co-star. “It was funny that Roman was flirting with Gerri, to us. Well, inappropriate and funny. So we just kept it up.”
Read more »
Sur Duda's Cameron Smith Knows the 'Bad Ways to Feel Well'It's a Tuesday afternoon, and Sur Duda's lead singer Cameron Smith takes a break from helping a group of friends hanging out at The Boiled Owl Tavern.
Read more »
Steelers' JuJu Smith-Schuster shares sweet Ben Roethlisberger tribute before potential final home gameBen Roethlisberger received a heartfelt tribute from Pittsburgh Steelers wide receiver JuJu Smith-Schuster as the veteran quarterback possibly makes his final start at Heinz Field on Monday night.
Read more »