Shareholders of USA TODAY owner Gannett and New Media Investment Group are poised to determine whether the two companies will combine in a deal that would reshape the media landscape . Where do news sources fall on the political bias spectrum? - "Fake News 11, 2019, on Pew Research Centers American Trends Panel. If shareholders vote in favor of the combination, the two companies are expected to close the transaction soon afterward. Center-rated outlets may omit important perspectives. Should you trust media bias charts? - Poynter There was an error submitting the form. 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. The company was founded on June 18, 2013. Representatives of Gannett and New Media, whose GateHouse Media operating divisionhas more than 150 daily publications, declined to comment. Both companies have said they want to pay off the debtquickly. 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). Newsonomics: Softbank, Fortress, Trump - and the real story of 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. Media Bias Ratings | AllSides 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 . 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. Subscribe for free to get the latest breaking news and analysis sent to your inbox. New Media Investment Group to Acquire Gannett | Business Wire And, like other buyers, it recognized that so much of newspapers remaining trade value is in their tangible real estate. New Media Investment Group Inc (NEWM) CEO Michael Reed Bought $2.2 In comparing the data, the researchers found that fund managers who leaned Republican were more highly allocated toward companies that veered the same way about 8% higher in the average share of total net assets compared with Democratic-leaning fund managers. Creative Commons Attribution-NonCommercial 4.0 International License. Thats a good business story. 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. GateHouse made a contract proposal for retroactive medical and dental increases or a corresponding pay reduction, if the employee so chooses. 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?. None of those markets could afford that person on their own, because of revenue trends. 28. Copyright 2023 InfluenceWatch. And with a market value of $800 million, it stands second only to Gannetts ($1 billion) among public newspaper firms. Your investments may tilt Democrat or Republican, and that can - CNBC Among all Republicans, the share with a college degree increases to 29%, while among all Democrats the percentage of college grads drops to 37%. As Fortress restructured, it began put together its investment pools four years ago. 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. And while 20% of those Republicans say they never attend services, a much larger share of those Democrats 47% say they never attend services. Generic Ballot | url = https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/ They also are likely to live in the same geographic areas. That's because mutual fund managers may have a political bias and invest in companies that lean the same way. Overall, Republicans and Republican-leaning independents view many heavily relied on sources across a range of platforms as untrustworthy. (Tronc stands at about $500 million, Lee Enterprises at $145 million, A.H. Belo at $135 million, and McClatchy at $89 million.) 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. 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. 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. Wealthy investors grow anxious: High net worth investorsbracefor a stock drop. See the methodology for a description of how the 30 outlets were selected. Its more than that though. 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. Overall, only one source, Fox News, was used by at least one-third of Republicans for political and election news in the past week. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. An extra 50,000 older Australians would get access to the Commonwealth Seniors Health Card if the Morrison government is re-elected. Greater portions of Republicans express distrust than express trust of 20 of the 30 sources asked about. 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. It does, however, manage and control New Media, an investment vehicle it created out of GateHouse Medias 2013 $1.2 billion bankruptcy. Center-rated outlets may omit important perspectives. saying The U.S. will become great again, Son offered. That fact shows up in the fact that on Tuesday, NEWM could report a 2016 overall revenue decline of only 2.5 percent for same store (that is, excluding the contribution of newspapers newly acquired) revenue. Even accounting for the modest methodological differences between the two studies, these differences hold. For Democrats, the numbers are almost reversed. 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. 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. 1945 - 19fortyfive.com - Media Bias/Fact Check 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. These ratings may be used for research or noncommercial purposes with attribution. Our daily email, with all the freshest future-of-journalism news. And of the 23% of Democrats who got political news from Fox News in the past week, nearly three-in-ten (27%) distrust it. Its a project of the Nieman Foundation for Journalism at Harvard University. 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. To my surprise, Beavers wrote, he [the GateHouse staffer] also agreed that the material they provide has definitely been slanted. }}, To promote and elevate the standards of journalism, Covering thought leadership in journalism. Scripps in 2005. Why Fidelity and Vanguard are afraid of politics - MarketWatch Conservative Republicans are Republicans or Republican leaners who say they are conservative or very conservative. 2023 CNBC LLC. Get this delivered to your inbox, and more info about our products and services. Thats a lot of new potential profit and another potential reason for news industry leaders to keep their mouths shut. 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. 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. While money and politics have always . (+1) 202-419-4300 | Main Feel like you don't fit in either political party? Here's why 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. Labor held a clear lead of 54 to 46 per cent over the Coalition after preferences. (+1) 202-419-4372 | Media Inquiries. Its unclear how much stamina NEWMs investors will have for the strategy, though. 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. Heres what you need to know, Rana Plaza tragedy in 2013 a wake-up call for consumers. Both CEO Mike Reed and CFO Greg Freiberg draw their compensation from Fortress; COO Kirk Davis is a New Media employee. U.S. Media Polarization and the 2020 Election: A Nation Divided 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. Only seven outlets generate more trust than distrust among Republicans including Fox News and the talk radio programs of hosts Sean Hannity and Rush Limbaugh. 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. 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. Who are the people who choose these more politically isolated news diets? Individuals in these two groups are naturally on different sides of the political aisle, but in many cases, they diverge even from other members of their own party. Fully 83% of Republicans in a right-leaning audience news bubble have very warm feelings toward the president (meaning they rate him between 76 and 100 on a zero to 100 feeling thermometer, where zero means they feel as cold as possible toward him and 100 means they feel as warm as possible). In total, 20% of all Democrats and independents who lean Democratic get political news only from outlets with left-leaning audiences. The Republican district projects account, stunningly, for nearly four-fifths of the total clean energy investments that have been announced. 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. 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. That is, people tend to have positive views of individuals with similar beliefs to their own. History. A day after Mr Albanese accused him of neglecting older Australians, Mr Morrison is set to announce an increase in the singles income test threshold from $57,761 to around $90,000 from July 1 this year to broaden access to the concession card. Meanwhile, the most commonly named main sources for Democrats in a left-leaning audience news bubble are CNN at 21% and NPR at 18%. This gives us confidence that any sample can represent the whole population. Thats about a tenth of all the 1,375 dailies in the country. Fund managers and company executives who have similar political views are also more likely to interact with each other, through social clubs and other channels, the research said. Though its outdated site leaves out acquisitions made years ago, the company now owns more than 130 dailies. After all, who would news companies rather trust their revenue to than the guy who calls them a relentless hatestream? "Its not a deal that anybody loves, but its a deal that most of the players believe is the bestpossible one at the moment," he said. The study asked about use of, trust in, and distrust of 30 different news sources for political and election news. 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. He said the PBS was another of the great Australian institutions established by Labor and proof of his partys commitment to universal health care. On April 13, 2019, the paper posted his column criticizing the elite media for turning journalism into liberal activism with what he alleged was biased coverage regarding the investigations into the interventions into the 2016 election process by Russian military intelligence and other stories involving accusations against right-of-center figures. 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. Greater portions of Democrats express trust than express distrust in 22 of the 30 sources asked about. The new company would take on the Gannett name and headquarters in McLean, Virginia. It was later revealed that Republican donor Sheldon Adelson was the owner of the News Media Investment Group. | last = Doctor Is the bloom off this fast-growing flower? Sometimes when you connect the dots, you just get more dots. Sam Brownback and his fellow ultraconservatives for cutting the state income taxes in 2012. New Media Investment Group owns and GateHouse manages the Austin American-Statesman, the Columbus Dispatch, and The Oklahoman, among other prominent publications. The cash-and-stock offer for Gannett was worth about $1.38 billion when the companies announced the proposal on August 5. Acknowledgments: The Election News Pathways project was made possible by The Pew Charitable Trusts. In this Texas . The Rise of a New Media Baron The idea that Americans are polarized . Liberal Democrats are Democrats and independents who lean toward the Democratic Party who say they are liberal or very liberal. 6, New Media also owns subsidiaries that provide enterprise services to other businesses. 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. As noted in previous Pathways analyses, partisans in these two categories frequently have very different levels of awareness and perceptions of political events in the news. While the companys $800 million market cap is impressive, with fewer newspaper properties, it could claim a $1.12 billion valuation in early 2015. 13 It also has 331 weekly newspapers, and in total has a print media footprint in 37 states. 27 This division posted revenue of $45.7 million in 2018, an increase of 58 percent over 2017. Recruiting our panelists by phone or mail ensures that nearly all U.S. adults have a chance of selection. One factor is that getting news from a source does not always mean trusting that source. All Rights Reserved. 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. 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. Half as many Democrats in a left-leaning audience news bubble (30%) say the same thing. Not Much. Those nice dividend checks mean fewer journalist paychecks. Here's what you need to know about them. Among all Democrats, the very cold number drops modestly to 81%, but among all Republicans, the very warm number falls to 53%. Patriot Ledger. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Additionally, 60% say they got political or election news there in the past week. According to their about page, "We seek to hold no one ideology or opinion in favor. Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition. Gannett, New Media Investment Group deal: Shareholders to vote - USA Today (+1) 202-857-8562 | Fax Republicans in a right-leaning audience news bubble overwhelmingly name Fox News (70%) as their main source for political news. Now it becomes part of an even larger portfolio, as Softbank emerges, post-acquisition with about $170 billion in managed assets. 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. New Media Investment Group, Inc. is a development stage company. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Traditionally, the Heritage Foundation writes policy papers. "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. Have news media CEOs said anything about a president who loudly accuses their people and companies of dishonesty? Finally, there is a modest gender gap between Democrats and Republicans who only get political news from sources with like-minded audiences. Bill Thompson is the editorial page editor of The Ledger, a mid-sized GateHouse daily newspaper publishing in and around Lakeland, Florida. Institutional and mutual fund shareholders, including Vanguard, T. Rowe Price, Wells Fargo, and Black Rock Fund own at least 70 percent of the company. At the same time, Democrats and independents who lean Democratic see most of those sources as credible and rely on them to a far greater degree, according to the survey of 12,043 U.S. adults conducted Oct. 29Nov. In comparison, just 10% of conservative Republicans trust the Times, while 50% outright distrust it. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. watch now VIDEO 3:02 03:02 Voters say they see the election as a way to send Biden a message. 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? Nexstar's 'unbiased' news has stumbled. What went wrong? - Los Angeles Global Business and Financial News, Stock Quotes, and Market Data and Analysis. All of the papers the Guild represents that are owned by GateHouse have not had their wages increased in 8 to 10 years, says Melissa Nelson, director of collective bargaining for the NewsGuild-Communication Workers of America. 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. RealClearPolitics - Election 2022 [sic] So, what we said is, Okay. New Media, with assets of $1.3 billion, is a relative pimple on the body Fortress' $70 billion in asset management. You can, too, Here's what Congress may do to fix Social Security this fall. A leadership void in newspaper companies has opened up local journalism further to private equity firms looking to vacuum out profits. 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. 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.. Ken Doctor, media analyst at Newsonomics and founder of a new local news venture called Lookout, said he expects the deal to pass. Its not the only playbook out there, but its the most used. 0:04. And the answer to that question is yes, the researchers found. The company has cited data from Ad Fontes Media, a Colorado-based nonpartisan organization that rates the political leanings of media outlets. A Division of NBCUniversal. 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? 10 News First - Disclaimer. For more, see the reports methodology and this Q&A about the project. Gannett generated revenue of$2.92 billion in 2018, compared with GateHouses $1.53 billion. 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. Side-by-side coverage from media outlets on the left, right and center. These controversial charts claim to show the political lean and credibility of news organizations. USA Today American daily newspaper that provides both news and entertainment coverage.

Er Susan Lewis Gives Birth, Roc Nation Sports Contact, Where To Find Archangel Persona 5 Strikers, Articles N