Republicans and Democrats who get political and election news only from outlets with like-minded audiences are more likely to be conservative and liberal, respectively, than others in their parties. 11 12 As GateHouse's parent company, New Generic Ballot That's according to Yaoyi Xi, assistant professor of finance at San Diego State University's Fowler College of Business, and M. Babajide Wintoki, professor of finance at the University of Kansas School of Business. Thats a lot of new potential profit and another potential reason for news industry leaders to keep their mouths shut. President and Fellows of Harvard College, unless otherwise noted. About this time in every election cycle analysts become starved for data to analyze. About two-thirds (65%) of Republicans and Republican leaners say they trust Fox News as a source. Ting Shen for The New York Times By Ben Smith Jan. 3, 2021. Doctor, K. (2017, Feb. 23). watch now VIDEO 3:02 03:02 "Funds with more partisan bias perform slightly worse than those with less bias, and have significantly inflated fund idiosyncratic risks," the research said. All Rights Reserved. Sam Brownback and his fellow ultraconservatives for cutting the state income taxes in 2012. Tuesdays headline: Robotics and tech firm SoftBank Japan purchases newspaper company GateHouse Media. The idea that Americans are polarized . 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. 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. There are five different sources from which at least one-third of Democrats received political or election news in the last week (CNN, NBC News, ABC News, CBS News and MSNBC). In contrast, the average share of total net assets invested in Democratic-leaning firms by Republican-leaning managers was about 3 percent lower than that invested by Democratic-leaning fund managers. Searching for gold: Making sense of academic research about journalism, How archivists are working to capture not just tapes of old TV and radio but the experience of tuning in together, Audience loyalty may not be what we think, They have not been able to silence us: Exiled Nicaraguan journalists go digital to keep their journalism alive. Ken Doctor, media analyst at Newsonomics and founder of a new local news venture called Lookout, said he expects the deal to pass. 6:20am, May 2. }}, To promote and elevate the standards of journalism, Covering thought leadership in journalism. Based on this data, researchers calculated the political composition of each sources audience. Now it becomes part of an even larger portfolio, as Softbank emerges, post-acquisition with about $170 billion in managed assets. Half as many Democrats in a left-leaning audience news bubble (30%) say the same thing. Finally, there is a modest gender gap between Democrats and Republicans who only get political news from sources with like-minded audiences. Ashley Higgins, New Media Investor Relations ir@newmediainv.com (212) 479-3160 or Media: Jonathan Gasthalter/Nathaniel Garnick Gasthalter & Co. (212) 257-4170 Or Investors: Sam Levenson Arbor . Pew Research Center is a subsidiary of The Pew Charitable Trusts, its primary funder. Its dailies like GateHouses most of them in smaller cities of the country that now demand new scrutiny out of this election. In this Texas . Now it becomes part of an even larger portfolio, as Softbank emerges, post-acquisition with about $170 billion in managed assets. In Newspoll, conducted for The Australian newspaper, primary support for Labor rose one point to 38 per cent after stabilising from a downward trend before the election. Merger details: GateHouse Media owner to acquire USA TODAY owner Gannett, Earnings: Gannett acquirer New Media Investment Group reports revenue decline, digital boost. These controversial charts claim to show the political lean and credibility of news organizations. "So you kind of wonder which long-term shareholder is selling down here and what does that mean for the vote?" Lets be clear: Management determines how much journalism their journalism companies actually produce. What Does Early Voting Tell Us? Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. The research looked at the managers of 1,298 actively managed mutual funds, as well as executives of 16,655 companies. 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. 1 It is owned by New Media Investment Group,and as of 2019 was publishing 146 daily newspapers with a combined paid circulation of 1.6 million. They also are likely to live in the same geographic areas. The couples threshold will also increase from $92,416 to $144,000. For investors, that can be expensive, as those biases can cause performance to suffer. 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. The Guardian Rated Lean Left in July 2021 AllSides Blind Bias Survey. Now, backed with a further $130 million in raised equity, CEO Mike Reed said Tuesday the company intends to buy more. House Polls Arthur said. Please try again. In this study, we take a snapshot of the news outlets people rely on and trust for news about politics and the upcoming national elections. Democrats levels of trust and distrust in media sources have changed considerably less than Republicans during this time span. Shareholders of USA TODAY owner Gannett andNew Media Investment Group are poised to determine whether the two companieswill combinein a deal that would reshape the media landscape amid a tumultuous transition from print to digital. Thats about a tenth of all the 1,375 dailies in the country. Americans are divided by party in the sources they turn to for political news, 3. 10K investor Arne Hoel has served on the boards of Swift Communications, which . Midterms 2022 Results: RCP Takeaway, Kari Lake: Arizona Election Process Is A "Laughingstock," "I Think We Just Have To Wait", Anita Dunn: Biden's Focus On "MAGA Republicans" And "Democracy Denial" Was A "Very Effective Strategy", Ron Johnson: Dysfunction Isn't Just In Government And Congress, But In How Senate Republicans Run Our Conference. (+1) 202-419-4372 | Media Inquiries. 20 21, As of the end of 2018 New Media employed 10,638 employees and reported total revenue of more than $1.53 billion, with net income of $18.2 million. The universes of outlets with right-leaning audiences and left-leaning audiences reflect another major finding from the media polarization report. 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. The big difference is that while no other source comes close to rivaling Fox News appeal to Republicans, a number of sources other than CNN are also highly trusted and frequently used by Democrats. Everyone who took part is a member of Pew Research Centers American Trends Panel (ATP), an online survey panel that is recruited through national, random sampling of residential addresses. Don't idle: How often should I start my car and let it idle in cold weather? Get this delivered to your inbox, and more info about our products and services. 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. 10 News First - Disclaimer. His supposed promise, accompanied by the firm Trump hand on Sons shoulder: $50 billion in U.S. investment, aiming to create 50,000 jobs. Accessed May 2, 2023. https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/. Its a project of the Nieman Foundation for Journalism at Harvard University. Democrats overall are still somewhat younger than Republicans, but to a far lesser degree (59% are ages 18 to 49 vs. 46% of Republicans). And with a market value of $800 million, it stands second only to Gannetts ($1 billion) among public newspaper firms. It looked like head-turning news: A Japanese company had taken control of one of Americas largest newspaper chains, New Media Investment Group, a.k.a. How much are their once-robust newspapers, especially across the kinds of heartlands that New Media serves, helping them separate fact from fiction? It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. For commercial use, or to request this data as a CSV or JSON file, contact us. Whats the best way to follow how the news is changing? Biden Job Approval 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. 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. At the Labor launch in Perth on Sunday, Mr Albanese revealed his medicines price cut would be $12.50. 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. Side-by-side coverage from media outlets on the left, right and center. 28. Is the bloom off this fast-growing flower? Patriot Ledger. About Pew Research Center Pew Research Center is a nonpartisan fact tank that informs the public about the issues, attitudes and trends shaping the world. saying The U.S. will become great again, Son offered. 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%). Who are the people who choose these more politically isolated news diets? In a separate question put to voters, 56 per cent said it was time for a change of government while 44 per cent said the Coalition government deserved to be returned. If you search our ratings for a certain source and still dont see it, email us. Among all Democrats, the portion citing CNN is roughly the same, while NPR as a main source falls to 8%. As of the close trading on Wednesday, theacquisition offer was worth about $1.13 billion. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. 5 A leadership void in newspaper companies has opened up local journalism further to private equity firms looking to vacuum out profits. As of 2019 the GateHouse daily newspapers appeared to have a conventional range of editorial opinions, skewing both to the center-right and center-left, depending on the publication. After all, who would news companies rather trust their revenue to than the guy who calls them a relentless hatestream? In the more compact Republican media ecosystem, one outlet towers above all others: Fox News. In addition to a greater concentration around Fox News as the main source of political news, Republicans in a right-leaning audience news bubble also express greater reliance on just one main source as opposed to a wider mix: 60% say they rely on their main source far more than any other source. Gannett had about 16,980 employees at the end of 2018, while GateHouse had about 10,638 employees, according to their securities filings. Media Bias Ratings Media Bias Chart Fact Check Bias Chart Methodology Perspectives Blog Bias New Media Investment Group owns and GateHouse manages the Austin American-Statesman, the Columbus Dispatch, and The Oklahoman, among other prominent publications. Democrats report much higher levels of trust in a number of news sources than Republicans, 2. Labor held a clear lead of 54 to 46 per cent over the Coalition after preferences. You can also find the questions we asked, and the answers the public provided, in this topline. 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. In a separate survey conducted by Resolve Strategic for the The Sydney Morning Herald and The Age, support for the Coalition fell from 35 to 33 per cent and support for Mr Morrisons personal performance was also down. In 2015, critics raised questions of journalistic ethics and transparency when Reed sold the Las Vegas Review-Journal to News Media Investment Group, a Delaware-based firm that did not disclose its ownership. 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.) The reality of the Fortress sale, though, is both less sensational and more impactful. 79, No. Mutual funds are caught in the middle of one of the most contentious issues in American politics: Spending by big business to gain influence in Washington. Nieman Journalism Lab. 6, New Media also owns subsidiaries that provide enterprise services to other businesses. Recruiting our panelists by phone or mail ensures that nearly all U.S. adults have a chance of selection. As one savvy industry insider observed to me: Its the same plan as Tronc and Gannett they are just far better and more disciplined at making it work.. And when it comes to education, about half of Democrats in a left-leaning audience news bubble (51%) have a college degree, compared with 22% of Republicans in a right-leaning audience news bubble. Where does the acquisition money come from? They find its dividend just increased to 35 cents per quarter attractive. Whats clear, though, is that the company plans to extend its strategy buy more papers, monetize those readers better through Propel and other initiatives, and continue to cut, cut, cut those newsroom staffs. 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. If shareholders vote in favor of the combination, the two companies are expected to close the transaction soon afterward. Word of an overall 4.6 percent budget cut across the chain is rifling through company. For those searching out nefarious conspiracy in the news media ownership world, this initial GateHouse conspiracy story may be a disappointment. There are just six sources with right-leaning audiences, including Fox News, Breitbart and Rush Limbaughs radio talk show. If the president attacked any other industry, what would the response be?. GateHouse would be the nominal survivor, with New Media Investment Group's CEO, Mike Reed, becoming CEO of the merged company. 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. (+1) 202-419-4300 | Main 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. Moreover, evidence suggests that partisan polarization in the use and trust of media sources has widened in the past five years. Photo of Donald Trump and SoftBank CEO Masayoshi Son at Trump Tower December 6, 2016, by AP/Andrew Harnik. The two examples below show one outlet (CBS News) that is heard of by the vast majority of U.S. adults and is also trusted by far more people than distrusted, and another outlet (Politico) that has been heard of by far fewer adults (44%) but is still trusted by more people than distrusted, even though just 13% of the public expresses trust. For example, Republicans who get news only from outlets with right-leaning audiences tend to be more conservative, embrace Donald Trump more warmly and rely on Fox News more extensively than Republicans in general. Senate Polls Gannett shares closed at $9.84 on Wednesday, down from $10.72 on Aug. 5. Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition. And, like other buyers, it recognized that so much of newspapers remaining trade value is in their tangible real estate. Conservative Republicans are Republicans or Republican leaners who say they are conservative or very conservative. Beginning with its launch as a public company in February 2014, through at least 2018, New Media averaged roughly $300 million in acquisitions per year. Subscribe for free to get the latest breaking news and analysis sent to your inbox. When youre a hundred metres ahead of your opponent halfway through a marathon theres no guarantee of victory, but when youre nearing the finishing line that gap becomes a lot more difficult to close in time.. 4 As of the end of 2018 New Media employed 10,638 employees and reported total revenue of more than $1.53 billion, with net income of $18.2 million. Sign up for free newsletters and get more CNBC delivered to your inbox. He said the PBS was another of the great Australian institutions established by Labor and proof of his partys commitment to universal health care. Latest Election 2022 Polls Battle for Senate Battle for House Governors 2020 Midterm Match-Ups The group found that two dozen House Republicans hold. How do you think the bias of this source should be rated? The new company would take on the Gannett name and headquarters in McLean, Virginia. "Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition." Similarly, 18% of all Republicans and independents who lean Republican get their political news only from outlets with right-leaning audiences, according to the survey of 12,043 U.S. adults who are members of the Centers American Trends Panel, conducted Oct. 29 to Nov. 11, 2019. We should take those three jobs, make it one job, and have that person do four stories a week. We can have a really good reporter do four stories a week, so over the course of three weeks, you get 12 stories, where before, I had three guys coming in, doing one story every two or three weeks., In 2015 New Media sold Nevadas largest daily newspaper the Las Vegas Review-Journal to a then-little-known firm in Delaware whose primary backer was later revealed to be Las Vegas billionaire and right-of-center mega-donor Sheldon Adelson. Make no mistake: The New Media playbook has been executed well. "There is a consistent pattern that fund managers are likely to invest more in firms with leadership that have ideology that's similar to theirs," Xi said. Gannett generated revenue of$2.92 billion in 2018, compared with GateHouses $1.53 billion. Not Much. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. 25 This division produced $95.8 million in revenue for 2018, an increase of 34.4 percent over 2017. All in all, its not that partisans live in entirely separate media bubbles when it comes to political news. If you value transparency, help fund our media bias research. 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. Plus, as feels universally true in these bewildering times, there appeared to even be a link to Donald Trump. Clear age and education differences also emerge between the two groups in ways that create greater gaps than in the parties overall. While the companys $800 million market cap is impressive, with fewer newspaper properties, it could claim a $1.12 billion valuation in early 2015. At the same time, the gap is less pronounced among the more moderate segments in each party. Doctor, Ken. Michael Reed, also with professional experience managing in the newspaper industry, is the CEO of New Media and was previously the CEO of GateHouse. And in what epitomizes this era of polarized news, none of the 30 sources is trusted by more than 50% of all U.S. adults. Numbers, Facts and Trends Shaping Your World, U.S. Media Polarization and the 2020 Election: A Nation Divided, Next: 1. Traditionally, the Heritage Foundation writes policy papers. 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%). Polls show Labor in election-winning lead at campaigns halfway point, Reserve Bank hikes interest rates in May despite slowing inflation, Welfare payment boost expected for people aged over 55, Not so fast: Tony Abbott calls for the Voice referendum to be cancelled, Australians have been scared off loans and thats exactly what the RBA wants, The night I cooked schnitty for Barry Humphries, Super discrimination worsens for women as the gender gap widens in key age groups, Fixing shortage of aged-care workers through migration has risks, Why was Bruce Lehrmann given the all-clear to sue? But Fortress doesnt own New Media; its actual holding of about 74,000 shares out of New Medias 53 million amounts to less than 1 percent of the company. Overall, Republicans and Republican-leaning independents view many heavily relied on sources across a range of platforms as untrustworthy. It believed in its methods to cut costs by replacing inconsistent management. In the July 2021 AllSides Blind Bias Survey, in which people across the political spectrum rated content from The Guardian's news section without knowing the source, the average rating was Lean Left.. A total of 1,331 people rated The Guardian. The company was founded on June 18, 2013. For example, three-quarters of conservative Republicans trust Fox News, while just about half (51%) of moderate or liberal Republicans do. All rights reserved. Critics of such management contracts point to the increased overhead they bring to news enterprises that badly need reinvestment. 2023. 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. Those numbers are very much in keeping with the overall gender split among all Republicans (52% male, 48% female) and Democrats (45% male, 55% female.). New York Times CEO Mark Thompson sparred with Trump on his year-end call, but Newtons point is right on: There are CEOs of major media companies (and companies that own media companies) employing many tens of thousands of workers who are being called dishonest. Those nice dividend checks mean fewer journalist paychecks. 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. Heres what you need to know, Rana Plaza tragedy in 2013 a wake-up call for consumers. 15, Since 2013 GateHouse Media has been an operating company of New Media Investment Group. Thats a good business story. 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. We can do the math on what the financialization of these community papers has meant, from Massachusetts to California. In Illinois, she says, the company added to the financial misery. 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. They plan to shed $275 million to $300 million in overlapping costs per year within 18 to 24 months and use their combined power to pursue a "digital transformation" predicated on innovative marketing services, online advertising and paid subscriptions. High net worth investorsbracefor a stock drop. | work = [[Nieman Journalism Lab]] Among Democrats in the left-leaning audience news bubble, 90% say they have very cold feelings about him (ratings between zero and 24). 10 11, GateHouse Media is the largest publisher of daily newspapers in the United States, as measured by number of distinct publications. Launched on 9/1/2020, NewsNation Now was a nightly 3-hour-long news program broadcast on WGN America. In total, 20% of all Democrats and independents who lean Democratic get political news only from outlets with left-leaning audiences. About three-quarters of Democrats and Democratic leaners who get political news only from outlets with left-leaning audiences (74%) are between the ages of 18 and 49. 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. In total, 20% of all Democrats and independents who lean Democratic get political news only from outlets with left-leaning audiences. On Jan. 12, Randall Stephenson, CEO of AT&T and would-be acquirer of CNN through its in-progress Time Warner purchase, paid a visit. 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. Nearly as high a percentage of Republicans and Republican leaners who get political news only from outlets with right-leaning audiences (69%) are ages 50 and older. 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. To further ensure that each survey reflects a balanced cross section of the nation, the data are weighted to match the U.S. adult population by gender, race, ethnicity, partisan affiliation, education and other categories. That is, people tend to have positive views of individuals with similar beliefs to their own. 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. While money and politics have always . Read our research on: Congress | Economy | Trust in Media, As the news media landscape continues to evolve, Americans news habits are also changing. Our daily email, with all the freshest future-of-journalism news. A media law expertexplains, Five experts grade the major parties plans for an anti-corruption commission. 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. Among people in these groups, there is also a stronger orientation toward certain main sources for political and election news. 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. 37 During Februrary the editors criticized former Republican Gov. New Media owns 152 daily publications including The Palm Beach Post, The Columbus Dispatch, The Oklahoman andAustin American-Statesman as well as284 weekly newspapers. That's because mutual fund managers may have a political bias and invest in companies that lean the same way. The Coalitions popular support remained steady at 36 per cent, continuing a trend from late last year. An extra 50,000 older Australians would get access to the Commonwealth Seniors Health Card if the Morrison government is re-elected. Newsonomics: Do newspaper companies have a strategy beyond milking papers for profit? The managers and the investors are the victors, the readers and the journalists the losers. It is a subsidiary of The Pew Charitable Trusts. But when they do, those leanings can be expensive, the research found. As 12-decade-old newspaper companies get sucked up and shrunken by financial managers sending what seem to be outrageous profits as far off as Tokyo, the whole notion of newspaper executive leadership has ebbed away. {{cite web 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. (Details about the two studies can be found in the methodology.). [sic] So, what we said is, Okay. | url = https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/
Family Feud Button,
Craigslist General Labor Jobs Near Berlin,
Evidence Based Practice In Special Education Pdf,
Articles N