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3, 2017). Davis also serves as the COO of New Media. 0:04. The Republican district projects account, stunningly, for nearly four-fifths of the total clean energy investments that have been announced. 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. Read our research on: Congress | Economy | Trust in Media, As the news media landscape continues to evolve, Americans news habits are also changing. Political Biases Of Investment Managers | Seeking Alpha New Medias strategy assumes this revenue source will become the more lucrative replacement for declining advertising and circulation revenue. Of the 30 media outlets studied, 17 were found to have left-leaning audiences, ranging from MSNBC and CNN to Politico and PBS. A leadership void in newspaper companies has opened up local journalism further to private equity firms looking to vacuum out profits. 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. It is a subsidiary of The Pew Charitable Trusts. Because Republicans trust and use a far smaller group of media sources than Democrats, there are far fewer outlets with right-leaning audiences than with left-leaning audiences. Representatives of Gannett and New Media, whose GateHouse Media operating divisionhas more than 150 daily publications, declined to comment. In comparison, just 10% of conservative Republicans trust the Times, while 50% outright distrust it. 1615 L St. NW, Suite 800Washington, DC 20036USA Latest Election 2022 Polls Battle for Senate Battle for House Governors 2020 Midterm Match-Ups 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. 10 11, GateHouse Media is the largest publisher of daily newspapers in the United States, as measured by number of distinct publications. Two voter polls released on Monday show the Labor party holding on to a winning position at the halfway point of the Federal Election. For Democrats, the numbers are almost reversed. The NewsGuild, a Communications Workers of America affiliate representing staffers at 16 GateHouse newspapers, used a 2017 New Media shareholder meeting to try and block New Medias policy of economizing overhead by centralizing design, information technology, and copy-editing work. Doctor, Ken. You can, too Here's what Congress may do to fix Social Security this fall. Traditionally, the Heritage Foundation writes policy papers. 23, New Media Investment Group owns and GateHouse manages the Austin American-Statesman, the Columbus Dispatch, and The Oklahoman, among other prominent publications. Its the cutbacks at the smaller papers the roots of the pre-Fortress GateHouse chain that may be most telling. 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. More from Personal Finance:Politics is hindering the effectiveness of financial education Joe Biden used this strategy to trim his tax bill. 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. It is a subsidiary of The Pew Charitable Trusts. Overall, only one source, Fox News, was used by at least one-third of Republicans for political and election news in the past week. 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? After all, who would news companies rather trust their revenue to than the guy who calls them a relentless hatestream? Doctor, Ken. New Media Investment Group owns and GateHouse manages the Austin American-Statesman, the Columbus Dispatch, and The Oklahoman, among other prominent publications. 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. Critics of such management contracts point to the increased overhead they bring to news enterprises that badly need reinvestment. Patriot Ledger. 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. Founded in 2020, 19fortyfive.com or 1945 is a conservative-leaning website that focuses on defense and USA foreign policy news and analysis. And the answer to that question is yes, the researchers found. 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. 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. New Media, with assets of $1.3 billion, is a relative pimple on the body Fortress $70 billion in asset management. GateHouse would be the nominal survivor, with New Media Investment Group's CEO, Mike Reed, becoming CEO of the merged company. 3 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. The company was founded on June 18, 2013. According to the GateHouse website, the company owns the largest number of daily newspapers in the country. 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. For investors, that can be expensive, as those biases can cause performance to suffer. To that end, the company purchases print media properties (including daily newspapers) in medium and smaller markets where the publication has significant local market penetration and is a dominant source of local news. The study asked about use of, trust in, and distrust of 30 different news sources for political and election news. 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. (Details about the two studies can be found in the methodology.). Democrats report much higher levels of trust in a number of news sources than Republicans, 2. 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. 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 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. Copyright 2023 The New Daily. 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. USA Today was moved from "Center" to "Lean Left" in July 2021 after an AllSides Editorial Review. 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. 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. Have news media CEOs said anything about a president who loudly accuses their people and companies of dishonesty? Media Bias Ratings | AllSides Among all Republicans, the portion who cite Fox as their main source of political news drops to 34%. He said the PBS was another of the great Australian institutions established by Labor and proof of his partys commitment to universal health care. 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. 5 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. Moderator questions. The cash-and-stock offer for Gannett was worth about $1.38 billion when the companies announced the proposal on August 5. Newsonomics: Softbank, Fortress, Trump - and the real story of