Connect with us


Is Zucker’s exit a huge loss for CNN?



Jeff Zucker has as the president of CNN and the chairman of WarnerMedia’s news and sports division, writing in a memo that he had failed to disclose to the company a romantic relationship with another senior executive at CNN

The 56 year old Zucker is among the most powerful leaders in the American media and television industries.

A huge loss for CNN, which has being going through so much turmoil over the last year.

Zucker said in a memo to colleagues that he was “wrong” to not report the relationship as required.

Zucker did not name his colleague, but the relationship is with Allison Gollust, who was a friend of Zucker’s for the last two decades.

Gollust is remaining at CNN

Zucker’s announcement came less than two months after he fired prime time anchor Chris Cuomo for advising his brother, Andrew Cuomo, about how to address sexual misconduct allegations.

The relationship was discovered during an investigation into the conduct of fired CNN anchor Chris Cuomo.

“As part of the investigation into Chris Cuomo’s tenure at CNN, I was asked about a consensual relationship with my closest colleague, someone I have worked with for more than 20 years,” Zucker told employees in a memo.

“I acknowledged the relationship evolved in recent years. I was required to disclose it when it began but I didn’t. I was wrong. As a result, I am resigning today.”

“Jeff and I have been close friends and professional partners for over 20 years,” she said in a statement quoted by Mr Stelter on air.

“Recently, our relationship changed during Covid. I regret that we didn’t disclose it at the right time.”

But where too next for Zucker?

News of Zucker’s resignation sent shockwaves inside CNN and across the industry.

Zucker and Gollust began working together at NBC in 1998.

Gollust intends to stay at the network while Zucker departs, she is currently the executive vice president and chief marketing officer at CNN.

He joined CNN in 2013. He was successful in his role as chief, breaking viewership records in 2020 and saw the most viewers in its history during January 2021.

Under Zucker, CNN adopted a “Facts First” slogan and approach to the news and was “unrelenting in calling out Trump for his lies”, reports CNN business.

However, viewership has gone down.

Audience viewership has fallen nearly 90 percent this January compared to the same time last year, according to Nielsen ratings.

Zucker’s departure throws the network into even more turmoil, with the next steps for Zucker still unknown.


U.S. retailers limit emergency contraception purchases



Demand for morning after pills have led to retailers having to limit purchases

Amazon has limited sales of morning after pills as demand spikes following the U.S. Supreme Court ruling overturning Roe v. Wade.

There is now a limit of three Plan B units per week on emergency contraceptive pills sold through its website.

Other U.S. retailers are also capping purchases of emergency contraceptive pills like chain pharmacy, CVS and Walmart.

Plan B is an emergency contraceptive that can be taken within 72 hours after sex. It is a synthetic form of the hormone progestin which delays ovulation briefly and prevents pregnancy.

Demand has surged following last week’s U.S. Supreme Court ruling overturning Roe vs Wade, ending the constitutional right to have an abortion.

Since the reversal of Roe v Wade, women have tried to find ways to control their reproductive health, by stocking up on emergency contraception.

Social media is flooding with calls to stock up on Plan B in anticipation of possible restrictions on contraceptive pills.

Meanwhile, some US companies have committed to paying staff travel expenses for those wanting an abortion.

Katerina Kostakos contributed to this article.

Continue Reading


Chinese investment in Australia drops



China’s investment in Australia has plunged to its lowest levels since 2007

A new report from KPMG and the University of Sydney shows Chinese companies invested U.S. $585 million in Australia last year, which is down from a peak of U.S $16.2 billion in 2008.

It comes as relations between the two nations remain sour. Australia has previously called for an independent review into the origins of Covid-19, and a ban on foreign interference.

But Chinese officials have responded with trade sanctions, which have affected Australian wine, seafood and coal exports.

Australia was once a large destination for Chinese investment. In fact, the two nations signed an historic Free Trade Agreement in 2015, with a key focus on economic growth and creating jobs.

Australia’s Prime Minister, Anthony Albanese says he will not make concessions to China. The newly-elected Albanese is in Europe for a series of talks with NATO leaders.

“The resistance of Ukraine has brought democratic nations closer together which have a shared commitment to rules-based, international order,” he says.

But Chinese officials believe it is irresponsible to place Ukraine and Taiwan in the same basket.

Chinese Foreign Ministry spokesman Zhao Lijian says “Taiwan is by no means Ukraine,” and labelled Albanese’s comments as “irresponsible”.

Continue Reading


Target offers support to employees seeking abortions



Target will help its employees living in states where abortions are banned by funding their travel

The company sent a memo to employees via email with the new policy to be enacted in July.

Target’s Chief Human Resources Officer says “A few months ago, we started re-evaluating our benefits with the goal of understanding what it would look like if we broadened the travel reimbursement to any care that’s needed and covered – but not available in the team member’s community”.

She says “This effort became even more relevant as [Target] learned about the Supreme Court’s ruling on abortion, given that it would impact access to healthcare in some states”.

This all comes amid the reversal of Roe versus Wade removing abortion as a constitutional right within the U.S.

This has sparked a range of companies to provide similar benefits with Amazon also providing travel coverage for employees.

Continue Reading

Trending on Ticker

Copyright © 2022 The Ticker Company PTY LTD