AllSides has rated over 1,400 sources. Who are the people who choose these more politically isolated news diets? The Republican district projects account, stunningly, for nearly four-fifths of the total clean energy investments that have been announced. GateHouse would be the nominal survivor, with New Media Investment Group's CEO, Mike Reed, becoming CEO of the merged company. 79, No. Of course, political ideology is more than just the sum of your personality traits. For those searching out nefarious conspiracy in the news media ownership world, this initial GateHouse conspiracy story may be a disappointment. For an hour, everything appeared in real-time text via a closed captioning system set up at the After decades of declining trust in government, political parties, and traditional politics, do Americans feel they have a stake in our democracy and its future? A comparison to a similar study by the Center of web-using U.S. adults in 2014 finds that Republicans have grown increasingly alienated from most of the more established sources, while Democrats confidence in them remains stable, and in some cases, has strengthened. Pew Research Center is a subsidiary of The Pew Charitable Trusts, its primary funder. AllSides Media Bias Ratings by AllSides.com are licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. The company has cited data from Ad Fontes Media, a Colorado-based nonpartisan organization that rates the political leanings of media outlets. Biden Job Approval It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. About two-thirds (65%) of Republicans and Republican leaners say they trust Fox News as a source. Moreover, evidence suggests that partisan polarization in the use and trust of media sources has widened in the past five years. It allows us to have a more educated, more highly paid person doing that work, sitting in Austin and spreading that across a few markets. Labor held a clear lead of 54 to 46 per cent over the Coalition after preferences. They can, instead though, turn their eyes to another visitor to Trumps tower, one month after Softbanks Masayoshi Son. 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.. And the answer to that question is yes, the researchers found. 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. 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. If the president attacked any other industry, what would the response be?. 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. We are a non-partisan, non-factional publication. 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. A media law expertexplains, Five experts grade the major parties plans for an anti-corruption commission. 3, 2017). 10K investor Arne Hoel has served on the boards of Swift Communications, which . Those nice dividend checks mean fewer journalist paychecks. USA Today American daily newspaper that provides both news and entertainment coverage. 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. Ting Shen for The New York Times By Ben Smith Jan. 3, 2021. AllSides has rated over 1,400 sources. new metro-oriented change Knight-Lenfest grant, the GateHouse method works in the short-term, Nieman Foundation for Journalism at Harvard University. All in all, its not that partisans live in entirely separate media bubbles when it comes to political news. 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. Michael Reed, also with professional experience managing in the newspaper industry, is the CEO of New Media and was previously the CEO of GateHouse. It believed in its methods to cut costs by replacing inconsistent management. Got a confidential news tip? "Individuals have preferences, life experiences, and one of those preferences that may affect their decision-making is partisan bias.". saying The U.S. will become great again, Son offered. 11, 2019, on Pew Research Centers American Trends Panel. This little-talked-about, wont-talk-to-the-press newspaper chain owns more daily newspapers than any other U.S. publisher likely more than any other publisher in the world. 28. 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. 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. There are just six sources with right-leaning audiences, including Fox News, Breitbart and Rush Limbaughs radio talk show. Side-by-side coverage from media outlets on the left, right and center. Clear age and education differences also emerge between the two groups in ways that create greater gaps than in the parties overall. Where does the acquisition money come from? | last = Doctor As New Media Investment announced its annual financials Tuesday, we now have a better view of the company and its plans but before we get to that, lets pick apart that Softbank news. Plus, as feels universally true in these bewildering times, there appeared to even be a link to Donald Trump. New Media Investment Group, Inc. is a development stage company. Read our research on: Congress | Economy | Trust in Media, As the news media landscape continues to evolve, Americans news habits are also changing. 26, Similarly, GateHouse Live is an event production company targeted to the communities and businesses served by New Medias print publications. Patriot Ledger. New Media has bought up larger papers in Providence, Columbus, Sarasota, and Worcester, plus chains of multiple dailies, including 24 from Halifax Media (the old New York Times Regional Newspaper Group), eight dailies from Dow Jones Local Media Group and six from Stephens Media. 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%). Wealthy investors grow anxious: High net worth investorsbracefor a stock drop. 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. 2 May. 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. 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. I asked New Media CEO Mike Reed and COO Kirk Davis for comment on the annual results and their 2017 plans, but received no response. 15, Since 2013 GateHouse Media has been an operating company of New Media Investment Group. Tuesdays headline: Robotics and tech firm SoftBank Japan purchases newspaper company GateHouse Media. Finally, there is a modest gender gap between Democrats and Republicans who only get political news from sources with like-minded audiences. His supposed promise, accompanied by the firm Trump hand on Sons shoulder: $50 billion in U.S. investment, aiming to create 50,000 jobs. | work = [[Nieman Journalism Lab]] 0:04. 29 Some noteworthy pickups of daily newspapers during this period include the Columbus Dispatch, the Austin American-Statesman, and The Oklahoman. A leadership void in newspaper companies has opened up local journalism further to private equity firms looking to vacuum out profits. 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. Critics of such management contracts point to the increased overhead they bring to news enterprises that badly need reinvestment. Is the bloom off this fast-growing flower? 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. Here's what you need to know about them. A new study from the Pew Research Center breaks down ideology within political parties, including by views on the role of government. Latest Election Polls How do you think the bias of this source should be rated? 1:02. (See here for details about the ideological composition of news outlets audiences.). To my surprise, Beavers wrote, he [the GateHouse staffer] also agreed that the material they provide has definitely been slanted. 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. If you value transparency, help fund our media bias research. 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. That is, people tend to have positive views of individuals with similar beliefs to their own. Davis also serves as the COO of New Media. Gannett shares closed at $9.84 on Wednesday, down from $10.72 on Aug. 5. The study asked about use of, trust in, and distrust of 30 different news sources for political and election news. Not Much. "Mutual funds with higher levels of partisan bias do not outperform those with less bias, and may even suffer from slightly worse fund performance," the research said. The dividend yield of New Media. Among all Republicans, the share with a college degree increases to 29%, while among all Democrats the percentage of college grads drops to 37%. 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. 27 This division posted revenue of $45.7 million in 2018, an increase of 58 percent over 2017. There is also evidence that suggests that these partisan divides have grown over the past five years, particularly with more Republicans voicing distrust in a number of sources. (+1) 202-419-4372 | Media Inquiries. 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. For Democrats, the numbers are almost reversed. Have news media CEOs said anything about a president who loudly accuses their people and companies of dishonesty? AllSides has rated over 1,400 sources. Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey. 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. In the more compact Republican media ecosystem, one outlet towers above all others: Fox News. Overall, only one source, Fox News, was used by at least one-third of Republicans for political and election news in the past week. 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. The Coalitions popular support remained steady at 36 per cent, continuing a trend from late last year. Founded in 2020, 19fortyfive.com or 1945 is a conservative-leaning website that focuses on defense and USA foreign policy news and analysis. 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. Of the 30 media outlets studied, 17 were found to have left-leaning audiences, ranging from MSNBC and CNN to Politico and PBS. 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. That means we publish a wide range of analysis, opinion . 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. 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 Fortress doesnt own NEWM, its management drove the companys astounding growth after the GateHouse bankruptcy in 2013. 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. USA Today was moved from "Center" to "Lean Left" in July 2021 after an AllSides Editorial Review. 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. Its dailies like GateHouses most of them in smaller cities of the country that now demand new scrutiny out of this election. 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. 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. 10 News First - Disclaimer. These ratings may be used for research or noncommercial purposes with attribution. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. [sic] So, what we said is, Okay. Answer: Don't. Its more than that though. (Details about the two studies can be found in the methodology.). In total, 20% of all Democrats and independents who lean Democratic get political news only from outlets with left-leaning audiences. 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. New Media, with assets of $1.3 billion, is a relative pimple on the body Fortress' $70 billion in asset management. 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. Ken Doctor, media analyst at Newsonomics and founder of a new local news venture called Lookout, said he expects the deal to pass. As Softbanks acquisition of New York City-based Fortress Investment Group was announced last week, it appeared, on the surface, as if the direction of more than 100 U.S. dailies would be in the hands of non-Americans. You can, too, Here's what Congress may do to fix Social Security this fall. 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. 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. Thats about a tenth of all the 1,375 dailies in the country. Though its outdated site leaves out acquisitions made years ago, the company now owns more than 130 dailies. 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. Consequently, we can discount the would-be dot-connecting from Trump to Softbank to Fortress to GateHouse and all the confusion about who owns what in this saga. Retail investors, consequently, may not always be fully aware of what they're buying. There are multiple reasons these biases can crop up. 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. A world of community leadership as uneven as it really was over the decades has been quickly eroded. Now it becomes part of an even larger portfolio, as Softbank emerges, post-acquisition with about $170 billion in managed assets. GOP Support Rises, With Inflation Driving Voters, Most Catholic Voters Dont Share Presidents Priorities, Heritage Action Super PAC Targets Beasley in NC. 1615 L St. NW, Suite 800Washington, DC 20036USA 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. | title = Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition Those in the opposite news bubbles have, not surprisingly, nearly opposite feelings toward Donald Trump. 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. 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. "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. If shareholders vote in favor of the combination, the two companies are expected to close the transaction soon afterward. It is a subsidiary of The Pew Charitable Trusts. Mario Tama/Getty Images. Photo of Donald Trump and SoftBank CEO Masayoshi Son at Trump Tower December 6, 2016, by AP/Andrew Harnik. Both companies have said they want to pay off the debtquickly. The companies, which have grappled for years with a decline innewspaper circulation and advertising, believe they will be stronger together. Doctor, K. (2017, Feb. 23). 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?. (Visit our Pathways data tool to see the full data on feelings toward Donald Trump.). Inaddition to USA TODAY, Gannett owns 109 local media properties operated as the USA TODAY Network, including the Arizona Republic, Detroit Free Press, Milwaukee Journal Sentinel and Indianapolis Star. The Nieman Journalism Lab is a collaborative attempt to figure out how quality journalism can survive and thrive in the Internet age. Moderator questions. Greater portions of Republicans express distrust than express trust of 20 of the 30 sources asked about. Web. 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. A comparison to a similar study of web-using U.S. adults conducted by the Center in 2014 finds that Republicans distrust increased for 15 of the 20 sources asked about in both years with notable growth in Republicans distrust of CNN, The Washington Post, and The New York Times. AZ Take Days, The Romney/Cheney/McConnell GOP Is Losing, Laxalt Pulls Ahead, Senate Hangs in the Balance, Democrat Blame Game Erupts Over NY Losses, Dems Keep Senate Control Ahead of GA Runoff, FL: Rubio Wins Big Against Dem Val Demings, Colorado: Bennet Defeats Republican O'Dea, Democrats Look To Curb Losses to Republicans, No Wave, but McCarthy Predicts GOP Control, Texas-34: Vicente Gonzalez Defeats Mayra Flores, VA-02: Jen Kiggans Wins Against Elaine Luria, New Hampshire-01: Democrat Pappas Reelected, RI-02: Magaziner Staves off Challenge From GOP Fung, FL-13: Republican Luna Defeats Democrat Lynn, AZ: Masters Concedes Race, Hobbs Celebrates Win, How the GOP Turned Florida Into a Red State, Florida: Ron DeSantis Touts Win for the Ages', Arizona Told to Prepare for Days of Counting, WI: Democrat Evers Beats Michels for Second Term, GA: Brian Kemp Defeats Stacey Abrams in Rematch, Nevada Senate Race Hinges on Turnout, Latinos. 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. It is a subsidiary of The Pew Charitable Trusts. | ref = {{harvid|Doctor|2017}} }}, To promote and elevate the standards of journalism, Covering thought leadership in journalism. Lets be clear: Management determines how much journalism their journalism companies actually produce. Gannett generated revenue of$2.92 billion in 2018, compared with GateHouses $1.53 billion. (+1) 202-857-8562 | Fax For investors, that can be expensive, as those biases can cause performance to suffer. According to the GateHouse website, the company owns the largest number of daily newspapers in the country. To prevent automated spam submissions leave this field empty. Acknowledgments: The Election News Pathways project was made possible by The Pew Charitable Trusts. Its unclear how much stamina NEWMs investors will have for the strategy, though. Center-rated outlets may omit important perspectives. New York Times American daily newspaper published since 1851. 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. It would be hard to overstate its connection as a trusted go-to source of political news for Republicans. 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. We use multipartisan analysis to reflect the average view of Americans. | url = https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/ 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. Softbank the Tokyo-based company best known for its investments in Sprint, Alibaba, Yahoo Japan, and online lender SoFi indeed will pay $3.2 billion for Fortress. Now it becomes part of an even larger portfolio, as Softbank emerges, post-acquisition with about $170 billion in managed assets. The Guardian Rated Lean Left in July 2021 AllSides Blind Bias Survey. 2023. We can do the math on what the financialization of these community papers has meant, from Massachusetts to California. 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. High net worth investorsbracefor a stock drop. Among all Democrats, the very cold number drops modestly to 81%, but among all Republicans, the very warm number falls to 53%. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Sometimes when you connect the dots, you just get more dots. But there's one caveat: Some large investors in New Media appear to have sold off shares earlier this week, he noted. None of those markets could afford that person on their own, because of revenue trends. 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. President and Fellows of Harvard College, unless otherwise noted. Political Alienation Driving Voter Involvement? Reed noted Tuesday that the company plans to cut an additional $27 million in 2017, an amount of money not far from Fortress annual payout. His words. Meanwhile, Republican-leaning fund managers invested 3% less of their total net assets in Democrat-oriented companies compared with Democratic-leaning fund managers. 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.
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