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Women rise to the top at major media companies

Several women have been tapped to lead some of the country's largest newsrooms over the past year — a promising sign of progress for an industry that's typically been slow to accept change and embrace diversity.

Driving the news: CBS News executive Kimberly Godwin was named president of ABC News on Wednesday. Godwin will be the first Black woman to lead a major broadcast news division when she takes the helm in May.

  • Last year, Rashida Jones was named president of MSNBC. She's the first Black executive to lead a major cable news network.

Over the past few weeks, several newsrooms have announced female editors-in-chief, replacing mostly white men.

  • Reuters News on Monday named Alessandra Galloni as its next editor-in-chief. She will be the first woman to lead the 170-year-old news agency.
  • HuffPost, Vox Media and Entertainment Weekly, among others have also tapped women to lead their newsrooms this year.

Flashback: While the #MeToo movement prompted transformations at a few newsrooms, last year's Black Lives Matter protests are what really began to push newsrooms, and companies in general, to take diversity in leadership roles more seriously.

  • Following the protests, several media companies, especially those with audiences that skew female, began to replace top editors with more women and women of color, including Bon Appétit, Refinery29 and Harper's Bazaar.

Yes, but: Despite these milestones, women and minorities are still underrepresented in most newsrooms around the country. As Axios has previously reported, this is especially true at the highest levels of most news organizations, for roles such as bureau chief, editor-in-chief and president.

What's next: Many newsroom leaders have pledged to address this imbalance. There are several news organization, like The Washington Post, The Los Angeles Times, and others that are currently looking to fill top editor roles.

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Why the startup world needs to ditch "unicorns" for "dragons"

When Aileen Lee originally coined the term "unicorn" in late 2013, she was describing the 39 "U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors."

Flashback: It got redefined in early 2015 by yours truly and Erin Griffith, in a cover story for Fortune, as any privately-held startup valued at $1 billion or more. At the time, we counted 80 of them.

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Scoop: Facebook's new moves to lower News Feed's political volume

Facebook plans to announce that it will de-emphasize political posts and current events content in the News Feed based on negative user feedback, Axios has learned. It also plans to expand tests to limit the amount of political content that people see in their News Feeds to more countries outside of the U.S.

Why it matters: The changes could reduce traffic to some news publishers, particularly companies that post a lot of political content.

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