Donald Trump is still very angry over the erroneous reporting about the financial losses at his Twitter clone, Truth Social, and in a new lawsuit filed Monday, the ex-president claimed that the reports were actually a vast media conspiracy involving “no less than 20 major media outlets.”
Penske Media Corp.’s Hollywood Reporter is poised to go through a new round of layoffs after misses on revenue targets last quarter, an insider with knowledge told TheWrap. The first quarter represented a tough advertising environment for all the entertainment trades, but was catastrophic for Reporter, one of two legacy publications, the insider said.