Jeremy Boering Is Out at the Daily Wire

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Jeremy Boreing, co-founder of the Daily Wire, is stepping down from his role as co-CEO to focus on creative projects for the company, he told staff in a memo obtained by Axios on Tuesday.

Why it matters: Boreing has been with the Daily Wire since its inception in 2015. He helped grow the outlet from a tiny news startup with $4.7 million in seed funding to a media giant valued north of $1 billion last year.

State of play: Caleb Robinson, the company's founding CEO, will become the company's full-time CEO effective immediately. Robinson and Boreing have been co-CEOs since 2019.

Robinson co-founded the company alongside Boreing and the outlet's editor emeritus Ben Shapiro.

In a note to staff, Boreing said he will remain with the company in an advisory role. He will continue to host "Daily Wire Backstage," the company's monthly show featuring Ben Shapiro, Matt Walsh, Michael Knowles and Andrew Klavan.

He will focus full time on creative projects, including the completion of the Daily Wire's TV series "The Pendragon Cycle," in which he serves as director and executive producer.

Below, a YouTube guy named Ian Carroll -- who seems to be no friend of Boering or Ben Shapiro -- claims he's heard rumors that the resignation is due to vague claims about Boering's "egotism." And also about overspending on his pet entertainment projects, like "The Pendragon Cycle."

He claims the Daily Wire is losing money and is looking to sell out to a big firm.

posted by Ace at 06:53 PM

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