Robinhood, an American trading platform, unveiled the website for its news media outlet Sherwood News. Joshua Topolsky, former chief editor of The Verge and Engadget, leads the venture. 

The news outlet has hired nearly two dozen journalists and launched on the back of Snacks, a highly popular newsletter that boasts a subscriber base of over 40 million. Sherwood also acquired Chartr, a UK-based data visualisation company. 

“Sherwood News wants to be a revenue-driving business for Robinhood, not just a customer acquisition tool”, Topolsky told Axios, even though “few media companies have successful track records of building businesses independent of their parent company”, as Axios’ Sara Fischer notes.

Fortune, a US-based global business magazine that’s best known for its business rankings, named Anastasia Nyrkovskaya as its next chief executive officer. Born and raised in Russia, Nyrkovskaya emigrated to the US in the early 2000s. She previously served as Fortune’s chief financial officer for five years.

Nyrkovskaya will replace Alan Murray, who led Fortune as CEO in the past decade, and will become the first woman at the helm of the company. In an interview with The New York Times she said the company’s focus has been on growing and diversifying revenue, particularly through expanding the events business.

Digital revenue and advertising make up for over 40% of the company’s revenue, events account for 30%, and “print magazine subscriptions and advertising, as well as the licensing of foreign editions, contribute about 25 percent of revenue”, Nyrkovskaya told NYT.

Several Ukrainian journalists were injured in consecutive Russian rocket attacks while covering the war in early April. The journalists became victims of “double-tap” attacks, which involve attacking the same place with two consecutive strikes and thus target first responders, journalists and other people rushing to the site of the first attack.

Olha Zvonaryova, a reporter with Ukrainian state news agency Ukrinform, was seriously wounded by a Rocket strike on Zaporizhzhia on April 5. The day before several journalists were injured in Kharkiv.

At least 15 journalists have been killed while covering Russia’s war against Ukraine since 2022, the Committee to Protect Journalists notes, with many more injured and detained. 

Quick links — Two more news stories worth your attention:

Source of the cover photo: absolutvision via Unsplash

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