33 34. Those cuts follow more major cuts in the newsrooms of papers its acquired more recently those papers have seen the bigger cuts, as reported to me by the NewsGuild/Communication Workers of America. You cant write one every two weeks. 42, Reed noted that when that standard is not met, staff reductions are necessary to improve the news product: 43, If I acquire Columbus, Ohio, and I have three guys in there that have been in the newsroom for 30 or 40 years and each of them shows up a couple times a week and they produce a story every two or three weeks Thats we found that in Columbus. Some SEC filings can help us find some clarity. Acknowledgments: The Election News Pathways project was made possible by The Pew Charitable Trusts. Its not the only playbook out there, but its the most used. High net worth investorsbracefor a stock drop. We use multipartisan analysis to reflect the average view of Americans. There is also evidence that suggests that these partisan divides have grown over the past five years, particularly with more Republicans voicing distrust in a number of sources. None of those markets could afford that person on their own, because of revenue trends. Don't idle: How often should I start my car and let it idle in cold weather? New Media owns 152 daily publications including The Palm Beach Post, The Columbus Dispatch, The Oklahoman andAustin American-Statesman as well as284 weekly newspapers. Meanwhile, the most commonly named main sources for Democrats in a left-leaning audience news bubble are CNN at 21% and NPR at 18%. USA Today was moved from "Center" to "Lean Left" in July 2021 after an AllSides Editorial Review. As with Reeds twin announcements Tuesday more acquisitions, but also more reductions in staff we see the GateHouse/Digital First Media playbook in its full application. Among all Democrats, the very cold number drops modestly to 81%, but among all Republicans, the very warm number falls to 53%. Moreover, evidence suggests that partisan polarization in the use and trust of media sources has widened in the past five years. Americans are divided by party in the sources they turn to for political news, 3. Now it becomes part of an even larger portfolio, as Softbank emerges, post-acquisition with about $170 billion in managed assets. Among all Democrats, the portion citing CNN is roughly the same, while NPR as a main source falls to 8%. Here's what you need to know about them. The company was founded on June 18, 2013. Given a better 2015, it generated $39.7 million total in 2015 and only $5.7 million in 2014. Retrieved May 2, 2023, from https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/. Thats a better performance than its peers. In this ever-toughening local newspaper environment, even New Media Investment Group walks a thin tightrope, further proving that single-class public companies serve the needs of transitioning news efforts poorly. Scripps in 2005. You can, too, Here's what Congress may do to fix Social Security this fall. To prevent automated spam submissions leave this field empty. These measures and more can be explored further in the Election News Pathways data tool, where all of the data associated with this project is available for public use. Doctor, Ken. Based in Chicago, the program utilized the journalistic resources of the 110 television news operations throughout the United States under WGN America's corporate parent Nexstar Media Group. Web. All Rights Reserved. Not Much. Just since the beginning of the year, numerous GateHouse papers have cut more newsroom staff in the single digits at smaller newsrooms as far-flung as the Springfield (Ill.) Register, Lakeland (Fla.) Ledger, Erie (Pa.) Times and Quincy (Mass.) Additionally, 60% say they got political or election news there in the past week. With tough, disciplined management, it worked the littered newspaper landscape with great financial acumen, acting on the too-familiar story of excessive newspaper debt and finding the attractive availability of discounted newspaper bonds. "Its not a deal that anybody loves, but its a deal that most of the players believe is the bestpossible one at the moment," he said. House Polls As of April 2019, it listed seven current staffers and an open hiring solicitation to fill slots for regional editors, investigative reporters, data researchers, videographers, and copy editors. Republicans in a right-leaning audience news bubble overwhelmingly name Fox News (70%) as their main source for political news. Founded in 2020, 19fortyfive.com or 1945 is a conservative-leaning website that focuses on defense and USA foreign policy news and analysis. Under the terms of the deal then, shareholders of Gannett would receive $6.25 in cash and 0.5427 of a New Media share for each Gannett share they held, amounting $12.06 per Gannett common share based on New Media's closing stock price as of Aug. 2. 18 Edens is a large donor to Democratic politicians and political committees, with total federal donations exceeding $140,000 during the 2016 election cycle the majority of which went to political committees promoting the Democratic National Committee and the Presidential campaign of Hillary Clinton. watch now VIDEO 3:02 03:02 AllSides Media Bias Ratings make the political leanings of hundreds of media sources transparent so that you can get the full picture and think for yourself. 30 This has led to a reduction in some jobs at local print publications acquired by New Media, a development that New Media CEO Reed argues has improved the local products and made the overall business more financially competitive: 31, The design center allows us to take some of the work out of the local market that doesnt have to be done by the local market. Publishers may have to run two to three (or more) newspaper titles, and theyre judged not by their community participation but by the monthly revenue totals. Rush Limbaugh, meanwhile, is the third-most trusted source among conservative Republicans (38%) but tied for the second-most distrusted source among liberal Democrats (55%). Subscribe for free to get the latest breaking news and analysis sent to your inbox. (+1) 202-857-8562 | Fax Indeed, the data reveals that while 24% of Republicans got news from CNN in the past week, roughly four-in-ten who did (39%) say they distrust the outlet. Both CEO Mike Reed and CFO Greg Freiberg draw their compensation from Fortress; COO Kirk Davis is a New Media employee. When asked who would make the better prime minister, Scott Morrison lost one point but still leads by six points on 45 per cent while Anthony Albanese gained two points to 39 per cent. In recent years, partisan media divides have grown, largely driven by Republican distrust, Americans in news media bubbles think differently about foreign policy than others, About one-fifth of Democrats and Republicans get political news in a kind of media bubble, Views about Ukraine-impeachment story connect closely with where Americans get their news, What the data says about Americans views of climate change, Podcasts as a Source of News and Information, AI in Hiring and Evaluating Workers: What Americans Think, Americans confident in Zelenskyy, but have limited familiarity with some other world leaders, How Public Polling Has Changed in the 21st Century. How often should I start my car and let it idle in cold weather? There are just six sources with right-leaning audiences, including Fox News, Breitbart and Rush Limbaughs radio talk show. GateHouse Media. And if youre the CEO of one of the chains, youre probably far more interested in the increased chances of cross-ownership. In the laissez-faire regulation environment taking shape under Trump, newspaper publishers and local broadcasters may well for the first time be able to combine their enterprises. In total, 20% of all Democrats and independents who lean Democratic get political news only from outlets with left-leaning audiences. In Newspoll . Clear age and education differences also emerge between the two groups in ways that create greater gaps than in the parties overall. (+1) 202-419-4300 | Main (+1) 202-419-4300 | Main According to their about page, "We seek to hold no one ideology or opinion in favor. After all, who would news companies rather trust their revenue to than the guy who calls them a relentless hatestream? Then, their lobbying arm, Heritage Action for America, normally takes those policies and tries to persuade members of Congress to make FL Counts Its Ballots in Hours. Nieman Journalism Lab. Last modified February 23, 2017. A plurality of people who have a Left, Lean Left, Center, and Lean Right bias . Overall, Republicans and Republican-leaning independents view many heavily relied on sources across a range of platforms as untrustworthy. 17, Wesley R. Edens, a former partner and managing director at the investment firm Lehman Brothers, is chairman of the board of New Media, and a principle at Fortress Investment Group, an affiliate of the firm that manages New Media. Media Bias Chart: Through the Years AllSides Media Bias Chart AllSides Media Bias Ratings make the political leanings of hundreds of media sources transparent so that you can get the full picture and think for yourself. Sign up for free newsletters and get more CNBC delivered to your inbox. While it is impossible to represent the entire crowded media space, the outlets, which range from network television news to Rush Limbaugh to the New York Times to the Washington Examiner to HuffPost, were selected to represent popular media brands across a range of platforms. 22, Unlike traditional print media organizations, advertising and circulation growth are not the revenue model New Media has been built to rely upon for the long term. 2023 CNBC LLC. A day after Mr Albanese accused him of neglecting older Australians, Mr Morrison is set to announce an increase in the singles income test threshold from $57,761 to around $90,000 from July 1 this year to broaden access to the concession card. Only eight generate more distrust than trust including Fox News, Sean Hannity and Rush Limbaugh. Democrats report much higher levels of trust in a number of news sources than Republicans, 2. At best, GateHouse puts together a cluster of newspapers best for cost-cutting efficiency and consolidation and takes over a newer printing operation that it can use for centralized, again more cost-efficient, publishing. For that work, it gets paid, and well do that math below. 11, 2019, on Pew Research Centers American Trends Panel. The New Media Center for News and Design in Austin, Texas, is the companys centralized hub that provides copy-editing, print page design, web development, editorial cartoons and other production infrastructure for many of the hundreds of publications under GateHouse management. Generic Ballot (+1) 202-419-4372 | Media Inquiries. Based on this data, researchers calculated the political composition of each sources audience. As New Media Investment announced its annual financials Tuesday, we now have a better view of the company and its plans but before we get to that, lets pick apart that Softbank news. The cash-and-stock offer for Gannett was worth about $1.38 billion when the companies announced the proposal on August 5. As the U.S. enters a heated 2020 presidential election year, a new Pew Research Center report finds that Republicans and Democrats place their trust in two nearly inverse news media environments. How Joe Biden's cash problems are squeezing his campaign, fundraisers. The cable network is also Democrats most commonly turned to source for political and election news, with about half (53%) saying they got news there in the past week. For example, three-quarters of conservative Republicans trust Fox News, while just about half (51%) of moderate or liberal Republicans do. Davis also serves as the COO of New Media. Labors primary vote held steady at 34 per cent over the past two weeks while Mr Albanese has narrowed the gap as preferred prime minister. And 45% of all Democrats and Democratic leaners identify as liberal, lower than the portion among Democrats who get news only from outlets with a left-leaning audience (62%). "Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition." Among Democrats in the left-leaning audience news bubble, 90% say they have very cold feelings about him (ratings between zero and 24). AllSides has rated over 1,400 sources. To do this, we surveyed 12,043 U.S. adults in October and November of 2019 and asked whether they had heard of or used any of 30 media sources, chosen so that respondents were asked about a range of news media across different platforms. It was later revealed that Republican donor Sheldon Adelson was the owner of the News Media Investment Group. Get this delivered to your inbox, and more info about our products and services. Its the inherent instability in the space that makes it so fascinating to many researchers., The very idea of collectively tuning in to history as it happens has been altered, as the profusion of channels and platforms now funnels audience members into self-segregated affinity groups where messages are shaped more for confirmation than enlightenment., Help advance the Nieman Foundations mission to promote and elevate the standards of journalism, 2023 by the President and Fellows of Harvard College. In fact, with Softbanks leading edge now becoming its $100 billion tech-future-oriented Vision Fund, this old-world management contract would seem to be something of a (profitable) anomaly. In addition, 35% of Republicans who get news only from outlets with right-leaning audiences attend religious services at least once a week, compared with 12% of Democrats who get news only from outlets with left-leaning audiences. In March the editorial board denounced ultra-conservative state lawmakers for proposing vouchers to rescue students being bullied in private schools, while praising the recently-elected Democratic governor and fellow moderates for their education agenda. That data was used to determine the fund managers' and executives' political leanings based on their net donations. The combined entity would be the biggest U.S. media company by print circulation and could vie for the largest monthly online news audience, nearing top-ranked CNN, according to traffic measurement firm Comscore. How much are their once-robust newspapers, especially across the kinds of heartlands that New Media serves, helping them separate fact from fiction? The managers and the investors are the victors, the readers and the journalists the losers. And, like other buyers, it recognized that so much of newspapers remaining trade value is in their tangible real estate. While New Media must allocate income to profit, as do its peers, it must also allocate money to Fortress which, of course, would claim that its earning that payment. New Media shareholders would own 50.5% of the combined company, while Gannett stockholderswould own 49.5%. Democrats in a left-leaning audience news bubble are more likely to be female and to have graduated from college than Republicans in a right-leaning audience news bubble. Ken Doctor, media analyst at Newsonomics and founder of a new local news venture called Lookout, said he expects the deal to pass. (Tronc stands at about $500 million, Lee Enterprises at $145 million, A.H. Belo at $135 million, and McClatchy at $89 million.) While the companys $800 million market cap is impressive, with fewer newspaper properties, it could claim a $1.12 billion valuation in early 2015. 16 In 2013 GateHouse was restructured in a chapter 11 bankruptcy, with New Media created by GateHouses then-creditors to become the new owner. 79, No. An extra 50,000 older Australians would get access to the Commonwealth Seniors Health Card if the Morrison government is re-elected. At the commonwealth level, all card holders are eligible for cheaper medications and health care, and may also be entitled to state, territory and local government savings like discounted rates, electricity and gas bills, ambulance, dental, eye care, recreation and public transport. Pew Research Center does not take policy positions. While Progressive Left largely backed candidates other than Biden during the 2020 Democratic primaries, they overwhelmingly voted for him in the general . A leadership void in newspaper companies has opened up local journalism further to private equity firms looking to vacuum out profits. 9 10 The firm was formed in 2013 to restructure $1.2 billion of debt and restructure newspaper publisher GateHouse Media following Chapter 11 bankruptcy. Heres what you need to know, Rana Plaza tragedy in 2013 a wake-up call for consumers. Meanwhile cost of living is expected to continue to be a key issue in the election campaign and Mr Morrison will attempt to woo older voters with greater access to the seniors card. New Medias strategy assumes this revenue source will become the more lucrative replacement for declining advertising and circulation revenue. A Division of NBCUniversal. If you value transparency, help fund our media bias research. They also are likely to live in the same geographic areas. (CEO Mike Reed explained that drop by pointing to the outsized $43 million gain the company made on its Las Vegas sale in 2015.) Unless otherwise noted, our bias ratings are based on online, written content, not TV or radio content. Fund managers and company executives who have similar political views are also more likely to interact with each other, through social clubs and other channels, the research said. Gannett had about 16,980 employees at the end of 2018, while GateHouse had about 10,638 employees, according to their securities filings. GateHouse Media owner to acquire USA TODAY owner Gannett, Gannett acquirer New Media Investment Group reports revenue decline, digital boost, Your California Privacy Rights/Privacy Policy. Plus, as feels universally true in these bewildering times, there appeared to even be a link to Donald Trump. Traditionally, the Heritage Foundation writes policy papers. Gannett generated revenue of$2.92 billion in 2018, compared with GateHouses $1.53 billion. | first = Ken PORT ARTHUR, Tex. New Media has bought up larger papers in Providence, Columbus, Sarasota, and Worcester, plus chains of multiple dailies, including 24 from Halifax Media (the old New York Times Regional Newspaper Group), eight dailies from Dow Jones Local Media Group and six from Stephens Media. 29 Some noteworthy pickups of daily newspapers during this period include the Columbus Dispatch, the Austin American-Statesman, and The Oklahoman. | last = Doctor Our daily email, with all the freshest future-of-journalism news. 38, In July 2018, Liz Beavers, the managing editor of the Mineral Daily News-Tribune in Keyser, West Virginia, posted a response to a reader who had complained that the GateHouse newspapers editorial cartoons had been slanted against President Trump and Republicans. Respondents were first asked if they heard of the source, then if so, whether they trust or distrust it for political and election news and whether they got political and election news there in the past week. Recruiting our panelists by phone or mail ensures that nearly all U.S. adults have a chance of selection. About this time in every election cycle analysts become starved for data to analyze. Reed noted Tuesday that the company plans to cut an additional $27 million in 2017, an amount of money not far from Fortress annual payout. More from Personal Finance:Politics is hindering the effectiveness of financial education Joe Biden used this strategy to trim his tax bill. New Media Investment Group is a private equity firm which focuses on investing in local media assets, advertising, and digital marketing businesses. Beavers both agreed the cartoon bias had occurred and recounted her discussions with the GateHouse Media staffer responsible for shared content such as the cartoons. | date = 23 February 2017 On April 13, 2019, the paper posted his column criticizing the elite media for turning journalism into liberal activism with what he alleged was biased coverage regarding the investigations into the interventions into the 2016 election process by Russian military intelligence and other stories involving accusations against right-of-center figures. The specter of Trump-related foreign ownership may be a misplaced apparition but it shouldnt obscure the real specter of a faster chain roll-up of newspaper ownership in America. To finance the deal, New Media is borrowing $1.8 billion from private equity firm Apollo Global Management. That's because mutual fund managers may have a political bias and invest in companies that lean the same way. Meanwhile, Republican-leaning fund managers invested 3% less of their total net assets in Democrat-oriented companies compared with Democratic-leaning fund managers. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Merger details: GateHouse Media owner to acquire USA TODAY owner Gannett, Earnings: Gannett acquirer New Media Investment Group reports revenue decline, digital boost. As noted in previous Pathways analyses, partisans in these two categories frequently have very different levels of awareness and perceptions of political events in the news. But there's one caveat: Some large investors in New Media appear to have sold off shares earlier this week, he noted. Media Bias Ratings Media Bias Chart Fact Check Bias Chart Methodology Perspectives Blog Bias Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Among all Republicans, the portion who cite Fox as their main source of political news drops to 34%. In comparing the data, the researchers found that fund managers who leaned Republican were more highly allocated toward companies that veered the same way about 8% higher in the average share of total net assets compared with Democratic-leaning fund managers.
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