Knowing the political bias of media outlets allows you to consume a balanced news diet and avoid manipulation, misinformation, and fake news. 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. (+1) 202-857-8562 | Fax A leadership void in newspaper companies has opened up local journalism further to private equity firms looking to vacuum out profits. Newsonomics: Here are 10 storylines well be talking about into 2017, Newsonomics: The financialization of news is dimming the lights of the local press, the financialization of the ownership of American dailies, The newsonomics of the new Chattanooga (Events) Choo-Choo, New Media CEO Mike Reed and COO Kirk Davis, Tribune gets Troncked: A readers guide to the Tribune/Gannett war, Newsonomics: The new Knight-Lenfest initiative gives a kick in the pants to Americas metro newspapers. }}, To promote and elevate the standards of journalism, Covering thought leadership in journalism. In Newspoll . In this Texas . Approval of Mr Morrisons performance lifted five points to his strongest position of the year, with a satisfaction rating of 44 per cent and a dissatisfaction rating of 51 per cent. Pew Research Center does not take policy positions. We can actually improve the editing and design of the paper, and therefore the quality of the output can be better [from] Austin than it can be locally., Reed also argues the economies of scale of running many publications allows content sharing across the news providers, improved local content and other efficiencies the papers could not provide when they were independent organizations: 32, Scale matters, and the more that we have, the better the opportunity becomes for us to execute on our operational strategy which, in turn, makes all of these individual newspapers better and stronger and able to do more local journalism and investigative journalism., GateHouse operates a National Data & Investigations Team to provide some of this content sharing. See the survey questions and methodology for this analysis, or access the dataset. | url = https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/ How do you think the bias of this source should be rated? Davis also serves as the COO of New Media. These ratings may be used for research or noncommercial purposes with attribution. Michael E. Reed - InfluenceWatch - InfluenceWatch 8 9 Wesley Edens is chairman of the board of New Media and has been a large donor to political committees promoting the Democratic National Committee and the 2016 presidential campaign of Hillary Clinton. New Media Investment Group is a private equity firm which focuses on investing in local media assets, advertising, and digital marketing businesses. 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. New Media, with assets of $1.3 billion, is a relative pimple on the body Fortress $70 billion in asset management. Gone, perhaps forever, he wrote, is the elite medias reputation for being objective truth-tellers, traded for the justifiable perception of being partisan political hacks. 35, Similarly, on April 4, 2019, The Ledgers editorial board criticized Democrats in the Florida Legislature for introducing bills to impede firearms possession, arguing that despite the good intentions that supposedly accompany such legislation, denying the right of self-defense via guns is ill-advised. 36, Conversely, during the same early months of 2019 the editorial page of the Topeka Capital-Journal in Kansas was promoting a left-of-center agenda. How Joe Biden's cash problems are squeezing his campaign, fundraisers. Read our research on: Congress | Economy | Trust in Media, While Pew Research Centers recent report on media polarization and the 2020 election found that many Democrats and Republicans differ from each other in their sources of news, about one-fifth of those in each party are in a more isolated kind of media bubble getting political news in a given week only from outlets predominantly used by people who align with them politically, according to data from the Centers Election News Pathways project. Now it becomes part of an even larger portfolio, as Softbank emerges, post-acquisition with about $170 billion in managed assets. For Fortress, newspapers now a classic distressed industry offered a chance for good profit, using the reliable roll-up-and-cut methodology at the root of its industry. A media law expertexplains, Five experts grade the major parties plans for an anti-corruption commission. New Media CEO Mike Reed will become CEO of the combined company, while Gannett CEO Paul Bascobert will become CEO of the company's operating subsidiary. Who are the people who choose these more politically isolated news diets? This must end: Radical plan to stop children vaping, Paul Bongiorno: King Charles coronation is a last hurrah for Australian monarchy, Qantas chief Alan Joyce to retire as new CEO named, Unforgettable life: Shock and sadness after TV chef Jock Zonfrillo dies, King Charles coronation is almost upon us. It would be hard to overstate its connection as a trusted go-to source of political news for Republicans. Even if you're still deciding how you're going to vote next Election Day, you could already be taking political sides with your investments. 1945 - 19fortyfive.com - Media Bias/Fact Check UpCurve provides business-to-business assistance in the areas of human resources, technology and software, marketing, and sales productivity. 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. New Media is well positioned to take advantage of more great acquisition opportunities at attractive valuations in 2017. Its the remaining family newspaper companies, like the 119-year-old Dix Newspapers, that are taking the money and exiting the business. About one-fifth of Democrats and Republicans get political news in a Those add to its impressive reach: 19 million people through 564 community print publications, 489 websites, 476 mobile sites. 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. Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition. Over the weekend, Knight Foundation veteran Eric Newton asked a profound question on Twitter: Have news media CEOs said anything about a president who loudly accuses their people and companies of dishonesty?. New Media Investment Group, Inc. is a development stage company. On Thursday, stockholdersof each companywill vote on the proposal for New Media to acquire Gannett. Two voter polls released on Monday show the Labor party holding on to a winning position at the halfway point of the Federal Election. Of course, political ideology is more than just the sum of your personality traits. 1615 L St. NW, Suite 800Washington, DC 20036USA Newsonomics: Softbank, Fortress, Trump - and the real story of 12 By the start of 2019, it published 146 daily newspapers with a combined paid circulation of 1.6 million. The Republican district projects account, stunningly, for nearly four-fifths of the total clean energy investments that have been announced. The AllSides Media Bias Ratings and AllSides Media Bias Chart help make news bias transparent, allowing you to identify different perspectives and political leanings so you can get the full picture and think for yourself. It intends to operate newspaper, media directory and other media content businesses. 5, In August 2019, New Media Investment Group acquired Gannett, which is the media company that owns USA Today along with 100 other publications and marketing services. Softbank CEO Masayoshi Son had been one of the first chief executives to make the trek to Trump Tower in December, to pay fealty to the incoming president. New Media Investment Group to Acquire Gannett | Business Wire Thats a lot of new potential profit and another potential reason for news industry leaders to keep their mouths shut. Nieman Foundation for Journalism at Harvard, 23 Feb. 2017. GateHouse would be the nominal survivor, with New Media Investment Group's CEO, Mike Reed, becoming CEO of the merged company. The dividend yield of New Media. Accessed May 2, 2023. https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/. For example, three-quarters of conservative Republicans trust Fox News, while just about half (51%) of moderate or liberal Republicans do. Wealthy investors grow anxious: High net worth investorsbracefor a stock drop. They were more likely to support Warren than those in any other political typology group and expressed support for Sanders at a level similar to the Outsider Left (38% of whom favored Sanders). 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. A news release from the union alleged that New Media had demoralized its workforce and weakened the ability of local papers to produce quality news. 40, Similarly, the first sentence of a 2018 Texas Monthly report regarding the purchase of the Austin American-Statesman referred to New Media as the publishing company that is developing a bad reputation for buying newspapers and gutting their operations. 41, Directly addressing these criticisms in 2018, New Media CEO Michael Reed countered that consolidating non-reporting work in a central location allows reporters who remain to focus on generating content. But he said reporters inherited by New Media are held to a standard: Were going to do great local journalism here, and youre going be a part of that, but you got to write four stories a week. The math adds up to about a $9,000 cut for some employees. Historic inflation, rising gas prices, and general dissatisfaction with the direction of the country whipped up a sour mood among the electorate that Republicans hoped would carry them to healthy Amid the onslaught of negative ads and accusations on both sides in the bitterly fought Nevada Senate race, Sen. Catherine Cortez Mastos closing argument includes an urgent but practical Im serious dont pay attention to early voting. {{cite web Two voter polls released on Monday show the Labor party holding on to a winning position at the halfway point of the Federal Election. The AllSides Media Bias Chart helps you to easily identify different perspectives and political leanings in the news so you can get the full picture and think for yourself. That is, people tend to have positive views of individuals with similar beliefs to their own. By the terms of its agreement to manage the company, Fortress earned $19.4 million in compensation last year from New Media, based on the conventional private equity standards of a management fee of 1.5 percent of New Medias total equity and incentive compensation. Each acquisition increases that total equity, providing a compelling rationale for more buying of newspapers. 11 12 As GateHouse's parent company, New The Australian reports its Newspoll revealed a large number of voters still leaning towards minor parties and independents, which command a combined 26 per cent of the vote. 26, Similarly, GateHouse Live is an event production company targeted to the communities and businesses served by New Medias print publications. According to the GateHouse website, the company owns the largest number of daily newspapers in the country. 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. (+1) 202-419-4300 | Main Get The New Daily free every morning and evening. Feel like you don't fit in either political party? Here's why Newsonomics: Do newspaper companies have a strategy beyond milking papers for profit? At the same time, Democrats and independents who lean Democratic see most of those sources as credible and rely on them to a far greater degree, according to the survey of 12,043 U.S. adults conducted Oct. 29Nov. The reality of the Fortress sale, though, is both less sensational and more impactful. His words. As Fortress restructured, it began put together its investment pools four years ago. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. What do voting Americans know? 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. Benedetto: Dems Face Historical Headwinds, A Precarious Senate Race for Dems in Pennsylvania. At the same time, the gap is less pronounced among the more moderate segments in each party. Another way to look at the diverging partisan views of media credibility: Almost half of the sources included in this report (13) are trusted by at least 33% of Democrats, but only two are trusted by at least 33% of Republicans. The couples threshold will also increase from $92,416 to $144,000. Doug Arthur, a financial analyst who covers mediawith Huber Research Partners in Connecticut, saidthe vote should be "relatively straight forward," with investors signing off on the deal. In some cases, GateHouse has encircled these family operations, and then offered just enough to close a sale. 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. Political Biases Of Investment Managers | Seeking Alpha 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. And while 20% of those Republicans say they never attend services, a much larger share of those Democrats 47% say they never attend services. Retrieved May 2, 2023, from https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/. We use multipartisan analysis to reflect the average view of Americans. GateHouse Media - Wikipedia 5 Doctor, Ken. Bill Thompson is the editorial page editor of The Ledger, a mid-sized GateHouse daily newspaper publishing in and around Lakeland, Florida. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Institutional and mutual fund shareholders, including Vanguard, T. Rowe Price, Wells Fargo, and Black Rock Fund own at least 70 percent of the company. While Progressive Left largely backed candidates other than Biden during the 2020 Democratic primaries, they overwhelmingly voted for him in the general . Respondents were asked if they got political and election news in the past week from 30 different sources representing a range of news media across different platforms. 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. Among all Democrats, the portion citing CNN is roughly the same, while NPR as a main source falls to 8%. Voters say they see the election as a way to send Biden a message. Moreover, evidence suggests that partisan polarization in the use and trust of media sources has widened in the past five years. Patriot Ledger. A half-hour's drive from where the modern oil and gas industry was born, a new power plant provides a glimpse into one possible future for fossil fuels. 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. All Rights Reserved. Media Bias Ratings | AllSides We frequently review media outlets to ensure our ratings are up-to-date. Many left-leaning authoritarians have responded by becoming less politically engaged, he and his colleagues foundpaying less attention to politics and choosing not to vote, for example (The Journal of Politics, Vol. Liberal Democrats are Democrats and independents who lean toward the Democratic Party who say they are liberal or very liberal. 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%). Its not the only playbook out there, but its the most used. More importantly, though, for the story of flagging local American journalism in a time of great societal stress, its a triumph of capital over community. https://www.bizjournals.com/boston/news/2019/03/20/GateHouse-media-s-second-in-command-departs-as-coo.html, http://www.GateHousemedia.com/our-markets/, https://www.usatoday.com/story/money/2019/08/05/gannett-gatehouse-media-new-media-investment-group/1902550001/, https://www.niemanlab.org/2018/06/newsonomics-GateHouse-media-thinks-services-for-small-local-businesses-can-help-replace-long-gone-advertising, https://www.thedestinlog.com/news/20190413/thompson-russiagate-latest-in-elite-medias-attempts-to-turn-journalism-into-liberal-activism, https://www.cjonline.com/opinion/20190212/editorial-senate-leader-leading-kansas-down-wrong-path, https://www.fec.gov/data/receipts/individual-contributions/?two_year_transaction_period=2016&min_date=01%2F01%2F2015&max_date=12%2F31%2F2016&contributor_name=Wesley+Edens, http://www.newmediainv.com/about-us/#board, https://www.wsj.com/articles/GateHouse-files-for-chapter-11-bankruptcy-protection-1380304281, http://www.GateHousemedia.com/about-us/executive-leadership/, http://ir.newmediainv.com/Cache/1500117714.PDF?O=PDF&T=&Y=&D=&FID=1500117714&iid=4426551, http://www.newmediainv.com/commercial-services/#1458536315895-5cd1dbef-c03f, https://www.niemanlab.org/2018/06/newsonomics-GateHouses-mike-reed-talks-about-rolling-up-americas-news-industry/, http://www.newmediainv.com/commercial-services/#1458535912312-d3e83724-f7bf, https://www.theledger.com/opinion/20190404/editorial-gun-bills-overlook-that-guns-are-sometimes-needed, https://www.cjonline.com/opinion/20190318/editorial-house-education-bill-going-wrong-way, https://www.newstribune.info/news/20180724/from-editors-desk-yes-there-has-been-slant?template=ampart, http://newsguild.org/mediaguild3/workers-at-gatehouse-publications-win-stunning-victory-at-shareholders-meeting/, https://www.texasmonthly.com/news/new-mediagatehouse-buys-the-statesman/, https://www.wsj.com/articles/sheldon-adelson-behind-purchase-of-lvrj-1450319641.
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