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Gannett generated revenue of$2.92 billion in 2018, compared with GateHouses $1.53 billion. How do you think the bias of this source should be rated? Americans are divided by party in the sources they turn to for political news, 3. saying The U.S. will become great again, Son offered. 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. Though GateHouses strategy makes a huge difference to the millions of people in the communities its newspapers serve, the likelihood of any new political, Trump-related pressure on this local press seems small. Republicans lower trust in a variety of measured news sources coincides with their infrequent use. 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. 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. Founded in 2020, 19fortyfive.com or 1945 is a conservative-leaning website that focuses on defense and USA foreign policy news and analysis. (See here for details about the ideological composition of news outlets audiences.). "We just want to raise awareness that actively managed funds have a lot more decision-making as to what goes into the portfolio that's swayed by individual managers," Wintoki said. }}, To promote and elevate the standards of journalism, Covering thought leadership in journalism. 2023. History. 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. New Media Investment Group is a private equity firm which focuses on investing in local media assets, advertising, and digital marketing businesses. In Illinois, she says, the company added to the financial misery. Newsonomics: Do newspaper companies have a strategy beyond milking papers for profit? Finally, there is a modest gender gap between Democrats and Republicans who only get political news from sources with like-minded audiences. NewsNation - Media Bias/Fact Check 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. 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. 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. In comparison, just 10% of conservative Republicans trust the Times, while 50% outright distrust it. 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.). It intends to operate newspaper, media directory and other media content businesses. Those add to its impressive reach: 19 million people through 564 community print publications, 489 websites, 476 mobile sites. 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. His supposed promise, accompanied by the firm Trump hand on Sons shoulder: $50 billion in U.S. investment, aiming to create 50,000 jobs. Get this delivered to your inbox, and more info about our products and services. If LAS VEGAS - Shortly after 1 a. m. PST loud cheering rang out in a section of the Red Rock Casino Resort and Casino, the site of a Nevada GOP Trump Announces 2024 Run For President: "This Is Not A Task For A Politician", DeSantis Responds To Trump Criticism: "Go Check The Scoreboard From Last Tuesday", Dem Rep. Ruben Gallego: If Kari Lake Wants To "Wallow" And Not Admit Defeat, Good, "You're Just A Loser", Sen. Josh Hawley: 2022 Election "Was The Funeral For The Republican Party As We Know It", NBC's Vaughn Hillyard: Kari Lake's Campaign Felt Like a Test Run Of Trump's 2024 Campaign, And She Failed, Ted Cruz: Would Be "Nuts" For Senate Republicans To Keep The Same Leadership After Midterm Failure, McConnell: "I Never Predicted A Red Wave," We Underperformed Because Of People In Our Party "Involved In Chaos", DSCC Chair Gary Peters: We're Going To Support Warnock "Very Aggressively" In Georgia Runoff, Democrats Defy Expectations or Republican Disaster? It is a subsidiary of The Pew Charitable Trusts. All rights reserved. Conservative Republicans are Republicans or Republican leaners who say they are conservative or very conservative. 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. Don't idle: How often should I start my car and let it idle in cold weather? 16 In 2013 GateHouse was restructured in a chapter 11 bankruptcy, with New Media created by GateHouses then-creditors to become the new owner. 15, Since 2013 GateHouse Media has been an operating company of New Media Investment Group. One takeaway: The greatest likelihood coming out of the Fortress sale, at least in the short term, is steady as she goes. GOP Support Rises, With Inflation Driving Voters, Most Catholic Voters Dont Share Presidents Priorities, Heritage Action Super PAC Targets Beasley in NC. None of those markets could afford that person on their own, because of revenue trends. Representatives of Gannett and New Media, whose GateHouse Media operating divisionhas more than 150 daily publications, declined to comment. 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?. Admittedly, not all fund managers have a political bias. What Does Early Voting Tell Us? 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. Gannett shares closed at $9.84 on Wednesday, down from $10.72 on Aug. 5. The company has cited data from Ad Fontes Media, a Colorado-based nonpartisan organization that rates the political leanings of media outlets. About two-thirds (65%) of Republicans and Republican leaners say they trust Fox News as a source. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. We can do the math on what the financialization of these community papers has meant, from Massachusetts to California. 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). When Adelsons role in the purchase was revealed, the newspapers editorial board published an opinion piece alleging the secrecy surrounding the sale damaged the newspapers ability to demand transparency from others. New Media had owned the Review-Journal for less than a year and estimated the quick turnaround and sale to Adelson would reap a 69 percent annualized profit. 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. 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. While the companys $800 million market cap is impressive, with fewer newspaper properties, it could claim a $1.12 billion valuation in early 2015. To prevent automated spam submissions leave this field empty. Michael Reed, also with professional experience managing in the newspaper industry, is the CEO of New Media and was previously the CEO of GateHouse. 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. 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. New Media shareholders would own 50.5% of the combined company, while Gannett stockholderswould own 49.5%. 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. 1615 L St. NW, Suite 800Washington, DC 20036USA 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. Voters say they see the election as a way to send Biden a message. Some SEC filings can help us find some clarity. Get The New Daily free every morning and evening. They find its dividend just increased to 35 cents per quarter attractive. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. 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. Eric Newton (@EricNewton1) February 18, 2017, Its a hell of a question. GateHouse would be the nominal survivor, with New Media Investment Group's CEO, Mike Reed, becoming CEO of the merged company. They also are likely to live in the same geographic areas. 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. Moreover, evidence suggests that partisan polarization in the use and trust of media sources has widened in the past five years. To finance the deal, New Media is borrowing $1.8 billion from private equity firm Apollo Global Management. But there's one caveat: Some large investors in New Media appear to have sold off shares earlier this week, he noted. AllSides Media Bias Ratings by AllSides.com are licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. 10 News First - Disclaimer. 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. Ken Doctor, media analyst at Newsonomics and founder of a new local news venture called Lookout, said he expects the deal to pass. AllSides has rated over 1,400 sources. GateHouse Media - Wikipedia
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