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. saying The U.S. will become great again, Son offered. Doctor, Ken. New Media seeks to become a trusted local business in the communities where it purchases publications, and then leverage this connection to sell human resources, information technology, marketing and other services to local small- and medium-sized firms. 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. (+1) 202-419-4300 | Main 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. The group found that two dozen House Republicans hold. To my surprise, Beavers wrote, he [the GateHouse staffer] also agreed that the material they provide has definitely been slanted. Both CEO Mike Reed and CFO Greg Freiberg draw their compensation from Fortress; COO Kirk Davis is a New Media employee. 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. 28. Launched on 9/1/2020, NewsNation Now was a nightly 3-hour-long news program broadcast on WGN America. 26, Similarly, GateHouse Live is an event production company targeted to the communities and businesses served by New Medias print publications. For example, three-quarters of conservative Republicans trust Fox News, while just about half (51%) of moderate or liberal Republicans do. 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. New Media Investment Group Inc has a market cap of $526.790 million; its shares were traded at around $8.71 with a P/E ratio of 435.50 and P/S ratio of 0.33. Wealthy investors grow anxious: High net worth investorsbracefor a stock drop. Republicans lower trust in a variety of measured news sources coincides with their infrequent use. Recruiting our panelists by phone or mail ensures that nearly all U.S. adults have a chance of selection. | ref = {{harvid|Doctor|2017}} New research examines whether mutual fund managers put more money in companies that are led by executives who share their political ideologies or party affiliations. 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. Based on this data, researchers calculated the political composition of each sources audience. Nieman Journalism Lab. 6, New Media also owns subsidiaries that provide enterprise services to other businesses. They can, instead though, turn their eyes to another visitor to Trumps tower, one month after Softbanks Masayoshi Son. All Rights Reserved. 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? The new company would take on the Gannett name and headquarters in McLean, Virginia. Eric Newton (@EricNewton1) February 18, 2017, Its a hell of a question. Consequently, individual investors need to beware when choosing between actively managed funds and index funds. They then compared how those individuals donated to political campaigns from 1990 through 2016, based on data from the Center for Responsive Politics. Two voter polls released on Monday show the Labor party holding on to a winning position at the halfway point of the Federal Election. Democrats report much higher levels of trust in a number of news sources than Republicans, 2. Instead, using other divisions under the New Media umbrella, the company seeks to become a provider of human resources, information technology, financing assistance and other services to small and medium-sized businesses in the communities where it establishes a local print media presence. That data was used to determine the fund managers' and executives' political leanings based on their net donations. The Guardian Media Bias | AllSides Two voter polls released on Monday show the Labor party holding on to a winning position at the halfway point of the Federal Election. | work = [[Nieman Journalism Lab]] Latest Election Polls Theres rich irony here: The retirement funds of those in the news industry, among many others, helps fund these New Media takeovers, which in turn result in more job cutbacks and the thinning of journalism in communities from coast to coast. 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. Bill Thompson is the editorial page editor of The Ledger, a mid-sized GateHouse daily newspaper publishing in and around Lakeland, Florida. Democrats report much higher levels of trust in a number of news sources than Republicans, The impact of political ideology on Americans trust in news outlets, 1. 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. Gannett had about 16,980 employees at the end of 2018, while GateHouse had about 10,638 employees, according to their securities filings. LibGuides: Media Bias: Which Way Does Your News Lean? In the companys just-filed Securities and Exchange Commission 10-K, Fortress earned $9.8 million in management fees and $9.6 million in incentive compensation, amounting to that total of $19.4 million. 37 During Februrary the editors criticized former Republican Gov. 5 USA Today was moved from "Center" to "Lean Left" in July 2021 after an AllSides Editorial Review. At the same time, the gap is less pronounced among the more moderate segments in each party. Given the presidents promotion of CNN into the ranks of very fake news and his senior advisor Jared Kushners recent brash critique of the station to Time Warner execs, thats a different sort of handshake to watch. It would be hard to overstate its connection as a trusted go-to source of political news for Republicans. 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. In August 2019, it was announced that New Media Investment Group had reached an agreement to merge Gannett into GateHouse Media. How Joe Biden's cash problems are squeezing his campaign, fundraisers. Now, backed with a further $130 million in raised equity, CEO Mike Reed said Tuesday the company intends to buy more. The chain GateHouse Media Inc., which owns small-town dailies and weeklies in 36 states, has been at least until recently also controlled by a New York hedge fund, Fortress Investment Group and its subsidiary, Newcastle Investment Corp. 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. 19, The CEO of GateHouse Media since 2014 has been Kirk Davis, a professional newspaper executive and Associated Press board member who began working for GateHouse in 2006. 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. 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. 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. We want to hear from you. 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. 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. House Polls 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. Since its emergence from bankruptcy in 2013 and resulting reorganization under New Media Investment Group, GateHouse has been criticized for reducing staff at the publications it purchases. About one-fifth of Democrats and Republicans get political news in a | url = https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/ 14 As of April 2019 there were six states that each contained ten or more daily newspapers produced by GateHouse: Florida (12 GateHouse dailies), Illinois (14), Kansas (10), Missouri (10), North Carolina (11) and Ohio (10). 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. The Nieman Journalism Lab is a collaborative attempt to figure out how quality journalism can survive and thrive in the Internet age. Generic Ballot 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. Among Democrats in the left-leaning audience news bubble, 90% say they have very cold feelings about him (ratings between zero and 24). 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. Among Republicans who get news only from outlets with right-leaning audiences, men outnumber women 55% to 45%, while women outnumber men 54% to 45% among Democrats who get news only from outlets with left-leaning audiences. New Media Investment Group, Inc. is a development stage company. 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. 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. Republicans and Republican-leaning independents who get news only from outlets with right-leaning audiences tend to be older and more likely to attend religious services than Democrats and Democratic leaners who get news only from outlets with left-leaning audiences. Copyright 2023 InfluenceWatch. 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. Conversely, moderate and conservative Democrats are more than twice as likely as liberal Democrats to trust Fox News (32% vs. 12%). 23, Explaining the strategy in June 2018, New Media CEO Mike Reed noted the objective of becoming a trusted local business that sells to other local businesses: Were never going to beat Google and Facebook in advertising. Punchbowl Arrives From Reporters Who Left Politico's Playbook - The New Make no mistake: The New Media playbook has been executed well. None of those markets could afford that person on their own, because of revenue trends. Creative Commons Attribution-NonCommercial 4.0 International License. Progressive Left: Liberal, educated and majority White; most say U.S | accessdate = 2 May 2023 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. Media Bias Ratings | AllSides Meanwhile, Republican-leaning fund managers invested 3% less of their total net assets in Democrat-oriented companies compared with Democratic-leaning fund managers. 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. 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. }}, To promote and elevate the standards of journalism, Covering thought leadership in journalism. If shareholders vote in favor of the combination, the two companies are expected to close the transaction soon afterward. The cash-and-stock offer for Gannett was worth about $1.38 billion when the companies announced the proposal on August 5. New Media Investment Group Inc. (NYSE: NEWM) supports small to mid-size communities by providing locally-focused print and digital content to its consumers and premier marketing and. "Funds with more partisan bias perform slightly worse than those with less bias, and have significantly inflated fund idiosyncratic risks," the research said. Scripps in 2005. GateHouse Media - InfluenceWatch - InfluenceWatch All in all, its not that partisans live in entirely separate media bubbles when it comes to political news. The Coalitions popular support remained steady at 36 per cent, continuing a trend from late last year. Doctor, Ken. Heres what you need to know, Rana Plaza tragedy in 2013 a wake-up call for consumers. Merger details: GateHouse Media owner to acquire USA TODAY owner Gannett, Earnings: Gannett acquirer New Media Investment Group reports revenue decline, digital boost. While Progressive Left largely backed candidates other than Biden during the 2020 Democratic primaries, they overwhelmingly voted for him in the general . 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. 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. Whats the best way to follow how the news is changing? Its unclear how much stamina NEWMs investors will have for the strategy, though. Pew Research Center is a subsidiary of The Pew Charitable Trusts, its primary funder. 16 In 2013 GateHouse was restructured in a chapter 11 bankruptcy, with New Media created by GateHouses then-creditors to become the new owner. To finance the deal, New Media is borrowing $1.8 billion from private equity firm Apollo Global Management. Your investments may tilt Democrat or Republican, and that can - CNBC Thats a lot of new potential profit and another potential reason for news industry leaders to keep their mouths shut.
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