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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.

Go deeper

Updated 1 hour ago - Politics & Policy

Senate pulls all-nighter on amendments to COVID relief package

Photo: Alex Wong/Getty Images

Democratic leaders struck an agreement with Sen. Joe Manchin (D-W.V.) on emergency unemployment insurance late Friday, clearing the way for Senate action on President Biden's $1.9 trillion stimulus package to resume after an hours-long delay.

The state of play: The Senate continued to work through votes on a marathon of amendments overnight into Saturday morning.

The elusive political power of Mexican Americans

Data: Pew Research Center, U.S. Census Bureau; Chart: Michelle McGhee/Axios

Mexican Americans make up the nation's largest Latino group, yet they remain politically outshined by more recently arrived Cuban Americans.

Why it matters: The disparities in political power between Mexican Americans and Cuban Americans reflect the racial, historical, geographical and economic differences within Latino cultures in the U.S.