THE STORY UNITED AIRLINES CEO STEPS DOWN
Six months ago, United Airlines disclosed that it was under a federal investigation for what was thought to be political favors (Source: TheSkimm). The believed political favor was the airline added a direct flight from Newark Airport to an airport in Columbia, SC which just so happened to be near the former chairman of New York Port Authority, David Samson, summer home (Source: The Huffington Post). The flight was not a profitable one and it turns out that four days after Samson resigned from Port Authority, United cancelled the Newark to Columbia flight…which doesn’t seem to be a coincidence (Source: Bloomberg).
Bye, bye, bye…
Tuesday afternoon, United announced that Jeff Smisek would resign immediately (Source: Forbes). Smisek wasn’t the only one to resign because of the investigation, so did United’s executive vice president of communications and government affairs and its senior vice president of corporate and government affairs (Source: Forbes). If Smisek had read What Happens in Vegas Stays on YouTube, he wouldn’t be in this hot mess.
DA SKIM
On Tuesday, United said that the investigation was “ongoing and the company continues to cooperate with the government” but nothing else (Source: Forbes). Oscar Munoz, who is part of United’s board of directors, will take over as CEO and President (Source: Forbes). Let’s wish him luck.
QUOTE OF THE DAY: “I’m sorry.”
The media had a field day a couple months back when it was discovered that Hilary Clinton was using a private email server. After months of news headlines, Clinton apologized in an interview with ABC News’ “World News Tonight with David Muir” (Source: CNN). Clinton said, “I’m sorry about that, I take responsibility and I am trying to be as transparent as I possibly can.” Later in the interview she said she was sorry for all the questions it had raised. In order to try and do some damage control, Clinton also took to Facebook to apologize (Source: CNN). Clinton should have known that privacy is dead.
THAT’LL BE $2.4 BILLION…
Media General Inc. bought Meredith Corp. for the deal of $2.4 billion on Tuesday. This purchase follows a trend of the U.S broadcast industry consolidating stations (Source: The Wall Street Journal). Media General operates around 71 television stations and Meredith Corp. operates 17 local TV stations along with magazines Family Circle and Better Home and Garden. The two together will reach about 34 million homes with their 88 stations (Source: The Wall Street Journal).
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