Changes at Daily Beast under Joanna Coles

SOURCE nypost.com
Newly-installed Daily Beast boss Joanna Coles is making significant changes at the news site, including attempting to hire Brian Stelter and offering voluntary buyouts to 37 unionized staffers as part of cost-saving measures.

Key Points

  • Joanna Coles attempting to hire Brian Stelter for media coverage role
  • Offering voluntary buyouts to unionized staffers for cost savings
  • Plans to reduce spending and grow revenue to ensure financial sustainability

Pros

  • Cost-saving measures to put the company in a healthy financial position
  • Bringing in new talent to revitalize media coverage

Cons

  • Job cuts and layoffs expected to impact a significant portion of the staff
  • Uncertainty and anxiety among employees due to restructuring