Media Insider: ICIJ Releases Paradise Papers, Condé Nast Stops Printing Teen Vogue, Facebook to Teach Social Media Skills to Unemployed

Welcome to Media Insider, PR Newswire’s round-up of media stories from the week.Money clipped to clothespins

INTERNATIONAL CONSORTIUM OF INVESTIGATIVE JOURNALISTS
ICIJ releases The Paradise Papers

Earlier this week, the International Consortium of Investigative Journalists (ICIJ) released The Paradise Papers — a compilation of leaked files that reveal the offshore activities of some of the world’s most powerful people and companies. ICIJ obtained the leaked documents from German newspaper Süddeutsche Zeitung. The organization sifted through 13.4 million files with 95 of their media partners to find nearly 7 million loan agreements, financial statements, emails, trust deeds and other paperwork from the prestigious offshore law firm, Appleby. According to ICIJ, The Paradise Papers reveal offshore interests and activities of more than 120 politicians and world leaders, including Queen Elizabeth II and Cabinet members of U.S. President Donald J. Trump. ICIJ intends to publish developing stories throughout the coming days and weeks.

Want to read more about The Paradise Papers? Explore The Politicians in the Paradise Papers here.

JEZEBEL | MEGAN REYNOLDS
Teen Vogue to Move to Digital Only as Condé Nast Shutters its Print Edition

Teen Vogue’s website is here to stay, but Condé Nast will stop its print editions. Condé Nast also announced it will reduce number of print issues for other titles like GQ, Allure, Glamour, and Architectural Digest, along with cutting 80 jobs. Since Teen Vogue attracts a younger generation, digital-only makes sense. Elaine Welteroth, editor-in-chief of Teen Vogue, announced at Adweek’s Elevate summit that Teen Vogue’s digital traffic has grown from 2 million to 12 million unique users. “We created the community that we wanted to have at Teen Vogue, ” she says. “We were willing to lose some to have more.”

Mark your calendar: Hillary Clinton to guest-edit December issue of Teen Vogue magazine

TECHCRUNCH | JOSH CONSTINE
Facebook will teach the unemployed digital/social media skills in 30 cities

Facebook recently announced plans to invest millions of dollars into a program that will teach social media and digital job skills to the unemployed in 30 cities. The program will teach “internet literacy to those just getting online, startup methodology to entrepreneurs, and customer growth to small business owners,” TechCrunch reports. Some of the cities to benefit from this program are: Houston, St. Louis, Albuquerque, Des Moines and Greenville, South Carolina.

This recent report shows why digital skills are more important than ever: Employers Failing To Deliver On Digital Skills

DIGIDAY |  SAHIL PATEL
Cheddar is launching general news offshoot, expects $11 million in revenue this year

Cheddar, the live-streaming financial news network, announced plans to launch a second channel called Cheddar Big News. The new channel is said to be modeled after CNN’s Headline News, where it will cover the biggest stories of the day.  But, it will have the “style and sentiment of local news,” says Jon Steinberg, CEO of Cheddar. The channel plans to launch by the end of the first quarter of 2018 and will include topics like politics, current events, local weather, and more. Cheddar Big News will broadcast between 6am and 10pm, with the ability to watch reruns and other prepackaged shows.

Related: Why Cheddar is looking to local markets to build an audience

DIGIDAY | MAX WILLENS
Motor Trend finds traction in a subscription streaming service

Since the launch of Motor Trend OnDemand, the video service has attracted over 100,000 subscribers. The 15-month-old service gives subscribers more than 2,000 hours of content for $5.99 a month, or $99 for two years, through Roku and Apple TV. With the positive traction gained, Motor Trend’s parent company is now looking to expand the effort through a joint venture with Discovery Communications called TEN: A Discovery Communications Company. The joint venture’s intention is to combine the video libraries of Motor Trend OnDemand with Velocity, a cable channel owned by Discovery. In a time where digital expansion is so prominent, Scott Dickey, President of TEN, told Digiday that the long-term goal from this joint venture is to “use the Motor Trend service as a template for other Discovery brands like Discovery Science.”

ATTN: Podcast and Motorsport lovers. NASCAR is turning to driver podcasts 

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Joanna Giannell is a Senior Customer Content Specialist with PR Newswire. She is also an animal lover and music enthusiast. Tune into her insights as a social curator at @PRNpets.

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