Interview magazine, founded by Andy Warhol in 1969, is shutting down, several staff members confirmed Monday.
The magazine featured celebrities interviewing one another, and covered art, entertainment, pop culture, and fashion. Editor Ezra Marcus told CNNMoney that the magazine is "folding both web and print effective immediately," and employees found out during a meeting that the company is filing for bankruptcy. In 1989, billionaire Peter Brant purchased Interview from Warhol's estate.
The past several months were tumultuous for the magazine, with its former editorial director suing for back pay and the fashion director resigning after being accused of sexual misconduct. Catherine Garcia
If you live in the United States or Canada and have been eyeing a new Ford Fusion, get one while you can.
The company announced Wednesday that by 2020, "almost 90 percent of the Ford portfolio in North America will be trucks, utilities, and commercial vehicles." Hatchbacks and sedans don't sell as well as those vehicles, and only two models will remain on the market: the Mustang and Focus Active, a new crossover-like hatchback that will debut next year.
While the Taurus and Fiesta will soon be gone, Ford said it's "exploring new 'white space' vehicle silhouettes that combine the best attributes of cars and utilities, such as higher ride height, space, and versatility." A "white space" vehicle is one that doesn't quite fit into already established categories. Catherine Garcia
Six months after filing for bankruptcy, Toys "R" Us plans on selling or closing its 800 stores in the United States, a person with knowledge of the matter told The Washington Post.
The company announced Wednesday that it will shut down all 100 of its stores in the United Kingdom. The toy retailer has had difficulty competing with Amazon and Walmart, and in January, it announced it was closing 182 U.S. stores. Toys "R" Us was founded six decades ago, and employs about 33,000 people. The closures are not expected to happen all at once, the Post reports. Catherine Garcia
The Cranberries announced Wednesday they will release a new album early next year, the band's last record to feature late singer Dolores O'Riordan.
"After much consideration, we have decided to finish what we started," the group said in a statement. "We thought about it and decided that as this is something that we started as a band, with Dolores, we should push ahead and finish it." O'Riordan, who died in January at age 46, completed her vocals last year.
The band said it hopes to have the new album out early next year, and also plans on releasing a 25th anniversary reissue of its debut album, Everybody Else Is Doing It So Why Can't We. Last week, Cranberries guitarist Noel Hogan told Rolling Stone that O'Riordan's legacy "will be her music. She was so passionate about it. There are songs I hear today that we wrote over 20 year ago, and I see and hear people singing along with them. There are only a few artists who get to have maybe one song they are remembered by. Dolores has so many." Catherine Garcia
Late Monday, Tronc, the media company formerly known as Tribune Publishing, agreed to buy the storied New York tabloid the Daily News, reportedly for $1 — the cost of a copy of the Daily News — and will take on the newspaper's millions in debt. Real estate magnate Mortimer Zuckerman bought the Daily News in 1993 for $36 million, but has been exploring a sale in recent years as the internet and social media have eaten into newspaper profits and amid a costly rivalry with fellow New York tabloid the New York Post, controlled by Rupert Murdoch. Tronc, which publishes the Los Angeles Times and Chicago Tribune, will now own newspapers in each of the three biggest U.S. media markets.
The Daily News, long owned by the Tribune Company, has been very influential in New York City politics, sports, and gossip over its nearly 100-year run, often through its splashy front-page headlines, known as "the wood." Tuesday's Daily News noted its sale on the cover, but spent most of its front-page real estate on bigger fish.
— New York Daily News (@NYDailyNews) September 5, 2017
Never change (too much), Daily News. Peter Weber
The New York Times is cutting its public editor position, The Huffington Post reports. In a statement, the Times wrote that "the responsibility of the public editor — to serve as the reader's representative — has outgrown that one office. Our business requires that we all must seek to hold ourselves accountable to our readers." Elizabeth Spayd, the current editor, had previously been expected to remain through summer 2018.
The public editor role was created in the wake of New York Times journalist Jayson Blair's plagiarism and factual exaggerations coming to light in 2003. "After the scandal and a thorough internal analysis, Times management put safeguards in place," wrote former Times public editor Margaret Sullivan in 2013. "One was the role of the public editor — I am the fifth — to give readers a direct place, independent of the Times' editing structure, to take complaints about journalistic integrity."
Spayd, who took over the role last summer, has faced criticism for her columns, with Slate calling her first offering "a travesty." But other newspapers have already dispensed of public editors, including The Washington Post, which justified the decision by citing the ample criticism and scrutiny the paper receives in the "internet age."
The Times' decision to axe the public editor position follows the creation of the paper's "Reader Center," which aims to build on how the Times "respond[s] directly to tips feedback, questions, concerns, complaints, and other queries from the public." The paper also announced buyouts Wednesday aimed mainly at editors. Jeva Lange
With ticket sales down and operating costs up, the Ringling Bros. and Barnum & Bailey Circus held its final performance Sunday in Uniondale, New York, after 146 years.
"We all have to embrace change," Kenneth Feld of Ringling's parent company, Feld Entertainment, told The Associated Press. "But there is a love for the circus that will never die." Feld Entertainment announced in January that the show would come to an end, eight months after the company, at the urging of animal rights activists, removed elephants from performances. The final circus featured aerialists, contortionists, clowns, motorcycle stunts, ice skaters, and dancing dogs.
Several former performers gathered before the final show to share their memories, including a clown named David Gregg, who told AP: "It's 146 years of tradition, older than American baseball. This was one of the last nomadic tribes running around the country." Catherine Garcia
NASCAR legend Dale Earnhardt Jr. is retiring from racing at the end of the 2017 season, Hendrick Motorsports reported Tuesday.
Earnhardt, 42, spent 18 seasons behind the wheel, totaling more than 600 races. He has won two Daytona 500 crowns and two championships, and has been voted NASCAR's Most Popular Driver a record 14 consecutive times. Earnhardt's father, Dale Earnhardt Sr., was a NASCAR Hall of Famer who died in 2001 in a collision in the final lap of the Daytona 500.
Earnhardt missed the final 18 races of 2016 due to a concussion. In his eight starts this year, he has one top-10 finish. Earnhardt's final NASCAR Cup Series race will take place on Nov. 19, at Homestead-Miami Speedway. Jeva Lange