Katie Couric is stepping down as Yahoo’s global news anchor after joining the company in November 2013.
“I’m very proud of my time at Yahoo — anchoring live events, political coverage, and breaking news with a team of very talented journalists,” Couric told TheWrap on Friday.
“Over the past three years, we have produced a wide range of high quality video content that was delivered to millions of viewers. I learned some valuable lessons during my tenure, which I will take with me as I continue to create, develop and produce a variety of content for different platforms in this constantly evolving landscape,”
Couric is currently negotiating with CEO Tim Armstrong to remain on a project basis, according to a Yahoo insider.
Since joining Yahoo in 2014, Couric and her team have generated nearly 1 billion video views. They’ve generated an average of 14 million views each week on original video products, and produced 50-60 videos each week.
“Over the last four years, Katie has created a vast portfolio of work that has been equal parts inspiring, thought-provoking and fun to watch,” a spokesperson for Oath — now a subsidiary of Verizon, which recently acquired a large portion of Yahoo — told Recode. “We’re proud of everything she has accomplished and look forward to exploring ways to work together in the future.”
Couric covered a variety of events for Yahoo, from Election Night to an exclusive interview with Edward Snowden in Moscow. Seven million people watched the Inauguration of President Trump live on Yahoo.
Verizon — the parent company of AOL — announced it would scoop up Yahoo last July for nearly $5 billion. The companies agreed to drop $350 from the sales price in February after two hacks compromised more than a billion Yahoo accounts.
6 Tech Giants Shaking Up News, From Jeff Bezos to Laurene Powell Jobs (Photos)
Tech leaders are increasingly intertwined with the news business. While some want to support old properties, one set out to destroy a new one. Here they are.
Jeff Bezos – Washington Post
The Amazon founder purchased the Washington Post in 2013 for $250 million in cash. President Trump has called the paper the “Amazon Washington Post.”
The Facebook co-founder purchased The New Republic in 2012, becoming executive chairman and publisher. However, he sold the venerable political magazine to Win McCormack in 2016, saying he "underestimated the difficulty of transitioning an old and traditional institution into a digital media company in today’s quickly evolving climate."
The eBay founder is a well-known philanthropist who created First Look Media, a journalism venture behind The Intercept. Inspired by Edward Snowden's leaks. Omidyar teamed up with journalists Glenn Greenwald, Jeremy Scahill and Laura Poitras to launch the website “dedicated to the kind of reporting those disclosures required: fearless, adversarial journalism.”
The PayPal co-founder doesn’t own a news organization, but he makes this list because he essentially ended one -- Gawker -- proving once again the power of an angry billionaire. Thiel secretly bankrolled Hulk Hogan’s sex-tape lawsuit against Gawker Media because he was upset that the website once outed him as gay. Hogan won the defamation lawsuit against the site that sent its parent company into bankruptcy, and Gawker.com is no longer operating.
OK, so Facebook isn’t technically a news organization… yet. However, the company is preparing to launch its much-anticipated lineup of original content later this summer, and there are also signs that it's on the verge of becoming an even bigger media platform.
Campbell Brown, Head of News Partnerships at Facebook, confirmed last week it’s developing a subscription service for publishers willing to post articles directly to Facebook Instant Articles, rather than their native websites.
Tech is increasingly intertwined with news, for better or worse
Tech leaders are increasingly intertwined with the news business. While some want to support old properties, one set out to destroy a new one. Here they are.