President of Conde Nast Bob Sauerberg and President of Conde Nast Entertainment Dawn Ostroff. Photo: Neilson Barnard/Getty Images

Condé Nast's CEO Bob Sauerberg and The Economist's CEO Chris Stibbs are the latest in a string of media company executives stepping down from their positions this year, the Wall Street Journal reports.

Why it matters: It's a hard time to run a media company, particularly a legacy print company, Axios media trends reporter Sara Fischer writes. The pressure to convert from print to digital and then from advertising revenues to subscription revenues has been intense for many legacy outlets and magazines.

  • Sauerberg is resigning months after outlining a plan to return to profitability by 2020, according to WSJ. His replacement will oversee both Condé Nast and Condé Nast International.

The list of 2018 executive departures:

  • Hearst Magazine President David Carey announced he was stepping down earlier this year.
  • Hearst's chief content officer Joanna Coles also resigned.
  • Hollywood Reporter-Billboard Media Group CEO John Amato resigned.
  • Newsweek Media Group co-owner and chairman Etienne Uzac, as well as its finance director Marion Kim, Uzac's wife, stepped down from their positions amid an ongoing investigation into company finances.

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Florida reports another daily record for coronavirus deaths

Nurse practitioner Barbara Corral and a research assistant conduct a COVID-19 vaccination study on August 7 in Hollywood, Florida. Photo: Joe Raedle/Getty Images

Florida's health department on Tuesday reported 276 new coronavirus deaths, surpassing the state's record from July 31.

The big picture: The state also recorded over 5,800 new cases — on the low side for a state that is one of the domestic epicenters for the virus.

Updated 55 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 11:30 a.m. ET: 20,126,452 — Total deaths: 737,285 — Total recoveries: 12,380,410Map.
  2. U.S.: Total confirmed cases as of 11:30 a.m. ET: 5,098,452 — Total deaths: 163,533 — Total recoveries: 1,670,755 — Total tests: 62,513,174Map.
  3. States: State testing plans fall short of demand — National Governors Association's bipartisan leaders express concern over Trump's unemployment order.
  4. Axios-Ipsos poll: 1 in 2 has a personal connection to COVID-19.
  5. Business: Moderna reveals it may not hold patent rights for vaccine.
  6. World: New Zealand reports first local cases for 102 days — Why you should be skeptical of Russia's vaccine claims.

Exclusive: Facebook cracks down on political content disguised as local news

Illustration: Eniola Odetunde/Axios

Facebook is rolling out a new policy that will prevent U.S. news publishers with "direct, meaningful ties" to political groups from claiming the news exemption within its political ads authorization process, executives tell Axios.

Why it matters: Since the 2016 election, reporters and researchers have uncovered over 1,200 instances in which political groups use websites disguised as local news outlets to push their point of view to Americans.