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. 12 By the start of 2019, it published 146 daily newspapers with a combined paid circulation of 1.6 million. Another way to look at the diverging partisan views of media credibility: Almost half of the sources included in this report (13) are trusted by at least 33% of Democrats, but only two are trusted by at least 33% of Republicans. {{cite web Meanwhile, the most commonly named main sources for Democrats in a left-leaning audience news bubble are CNN at 21% and NPR at 18%. Political Alienation Driving Voter Involvement? Admittedly, not all fund managers have a political bias. These divides are even more pronounced between conservative Republicans and liberal Democrats. The cash-and-stock offer for Gannett was worth about $1.38 billion when the companies announced the proposal on August 5. Pew Research Center is a subsidiary of The Pew Charitable Trusts, its primary funder. The combined entity would be the biggest U.S. media company by print circulation and could vie for the largest monthly online news audience, nearing top-ranked CNN, according to traffic measurement firm Comscore. Beginning with its launch as a public company in February 2014, through at least 2018, New Media averaged roughly $300 million in acquisitions per year. 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. A plurality of people who have a Left, Lean Left, Center, and Lean Right bias . 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. 6:20am, May 2. Got a confidential news tip? Some SEC filings can help us find some clarity. Don't idle: How often should I start my car and let it idle in cold weather? 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. 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. High net worth investorsbracefor a stock drop. We use multipartisan analysis to reflect the average view of Americans. 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. It would be hard to overstate its connection as a trusted go-to source of political news for Republicans. 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. A new study from the Pew Research Center breaks down ideology within political parties, including by views on the role of government. "There is a consistent pattern that fund managers are likely to invest more in firms with leadership that have ideology that's similar to theirs," Xi said. Those add to its impressive reach: 19 million people through 564 community print publications, 489 websites, 476 mobile sites. 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. As of April 2019, it listed seven current staffers and an open hiring solicitation to fill slots for regional editors, investigative reporters, data researchers, videographers, and copy editors. Numbers, Facts and Trends Shaping Your World, U.S. Media Polarization and the 2020 Election: A Nation Divided, Next: 1. AllSides has rated over 1,400 sources. Generic Ballot Will they stand up for our Inflation is the top issue for voters, who expressed pessimism about the economy. We examine responses based on party identification to see whether Republicans and Democrats are turning to similar, or different, sources of information. Read our research on: Congress | Economy | Trust in Media, While Pew Research Centers recent report on media polarization and the 2020 election found that many Democrats and Republicans differ from each other in their sources of news, about one-fifth of those in each party are in a more isolated kind of media bubble getting political news in a given week only from outlets predominantly used by people who align with them politically, according to data from the Centers Election News Pathways project. The partisan gaps become even more dramatic when looking at the parties ideological poles conservative Republicans and liberal Democrats.1 About two-thirds of liberal Democrats (66%) trust The New York Times, for example. 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. 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. 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. 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. Many left-leaning authoritarians have responded by becoming less politically engaged, he and his colleagues foundpaying less attention to politics and choosing not to vote, for example (The Journal of Politics, Vol. 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. In August 2019, it was announced that New Media Investment Group had reached an agreement to merge Gannett into GateHouse Media. Benedetto: Dems Face Historical Headwinds, A Precarious Senate Race for Dems in Pennsylvania. Among Democrats in the left-leaning audience news bubble, 90% say they have very cold feelings about him (ratings between zero and 24). In Illinois, she says, the company added to the financial misery. That data was used to determine the fund managers' and executives' political leanings based on their net donations. Half as many Democrats in a left-leaning audience news bubble (30%) say the same thing. In comparison, just 10% of conservative Republicans trust the Times, while 50% outright distrust it. One takeaway: The greatest likelihood coming out of the Fortress sale, at least in the short term, is steady as she goes. These measures and more can be explored further in the Election News Pathways data tool, where all of the data associated with this project is available for public use. (+1) 202-419-4372 | Media Inquiries. 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. More from Personal Finance:Politics is hindering the effectiveness of financial education Joe Biden used this strategy to trim his tax bill. Among all Democrats, the portion citing CNN is roughly the same, while NPR as a main source falls to 8%. 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. Overall, only one source, Fox News, was used by at least one-third of Republicans for political and election news in the past week. 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. 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. 2 May. Where does the acquisition money come from? 17, Wesley R. Edens, a former partner and managing director at the investment firm Lehman Brothers, is chairman of the board of New Media, and a principle at Fortress Investment Group, an affiliate of the firm that manages New Media. 3 All Rights Reserved. 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. }}, To promote and elevate the standards of journalism, Covering thought leadership in journalism. 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. 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. 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. 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.). 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. Answer: Don't. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. 25 This division produced $95.8 million in revenue for 2018, an increase of 34.4 percent over 2017. Two voter polls released on Monday show the Labor party holding on to a winning position at the halfway point of the Federal Election. 23, New Media Investment Group owns and GateHouse manages the Austin American-Statesman, the Columbus Dispatch, and The Oklahoman, among other prominent publications. We frequently review media outlets to ensure our ratings are up-to-date. In this study, we take a snapshot of the news outlets people rely on and trust for news about politics and the upcoming national elections. Have news media CEOs said anything about a president who loudly accuses their people and companies of dishonesty? While Fortress doesnt own NEWM, its management drove the companys astounding growth after the GateHouse bankruptcy in 2013. What do they think they know? Thats a lot of new potential profit and another potential reason for news industry leaders to keep their mouths shut. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Moreover, evidence suggests that partisan polarization in the use and trust of media sources has widened in the past five years. 1615 L St. NW, Suite 800Washington, DC 20036USA Democrats report much higher levels of trust in a number of news sources than Republicans, 2. Individuals have preferences, life experiences, and one of those preferences that may affect their decision-making is partisan bias. | title = Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition Finally, there is a modest gender gap between Democrats and Republicans who only get political news from sources with like-minded audiences. Those in the opposite news bubbles have, not surprisingly, nearly opposite feelings toward Donald Trump. 5 "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. While New Media must allocate income to profit, as do its peers, it must also allocate money to Fortress which, of course, would claim that its earning that payment. 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.. (+1) 202-419-4300 | Main Tuesdays headline: Robotics and tech firm SoftBank Japan purchases newspaper company GateHouse Media. What do voting Americans know? Senate Polls 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. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. GOP Support Rises, With Inflation Driving Voters, Most Catholic Voters Dont Share Presidents Priorities, Heritage Action Super PAC Targets Beasley in NC. The math adds up to about a $9,000 cut for some employees. And 45% of all Democrats and Democratic leaners identify as liberal, lower than the portion among Democrats who get news only from outlets with a left-leaning audience (62%). 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. 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. All rights reserved. watch now VIDEO 3:02 03:02 If shareholders vote in favor of the combination, the two companies are expected to close the transaction soon afterward. The group found that two dozen House Republicans hold. After relentlessly teasing the possibility for the better part of two years, and in the wake of a historically poor midterm performance by Republicans, Donald Trump finally launched his third As the saying goes, the definition of insanity is doing the same thing again and again and expecting a different result. Governor Polls. There was an error submitting the form. | first = Ken Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition. 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. President and Fellows of Harvard College, unless otherwise noted. Web. Ting Shen for The New York Times By Ben Smith Jan. 3, 2021. [sic] So, what we said is, Okay. 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. According to the GateHouse website, the company owns the largest number of daily newspapers in the country. 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. Of course, political ideology is more than just the sum of your personality traits. 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. All in all, its not that partisans live in entirely separate media bubbles when it comes to political news. Additionally, 60% say they got political or election news there in the past week. Lets be clear: Management determines how much journalism their journalism companies actually produce. You can, too Here's what Congress may do to fix Social Security this fall. "Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition." 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.. Among Democrats and Democratic leaners, CNN (67%) is about as trusted a source of information as Fox News is among Republicans. To my surprise, Beavers wrote, he [the GateHouse staffer] also agreed that the material they provide has definitely been slanted. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. 1615 L St. NW, Suite 800Washington, DC 20036USA Conversely, moderate and conservative Democrats are more than twice as likely as liberal Democrats to trust Fox News (32% vs. 12%). Overall, Republicans and Republican-leaning independents view many heavily relied on sources across a range of platforms as untrustworthy. Republicans in a right-leaning audience news bubble overwhelmingly name Fox News (70%) as their main source for political news. | work = [[Nieman Journalism Lab]] Even if you're still deciding how you're going to vote next Election Day, you could already be taking political sides with your investments. Voters say they see the election as a way to send Biden a message. The answer, of course, isnt singular. The reality of the Fortress sale, though, is both less sensational and more impactful. But when they do, those leanings can be expensive, the research found. On Thursday, stockholdersof each companywill vote on the proposal for New Media to acquire Gannett. New Media owns 152 daily publications including The Palm Beach Post, The Columbus Dispatch, The Oklahoman andAustin American-Statesman as well as284 weekly newspapers. Here's what you need to know about them. Institutional and mutual fund shareholders, including Vanguard, T. Rowe Price, Wells Fargo, and Black Rock Fund own at least 70 percent of the company. UpCurve provides business-to-business assistance in the areas of human resources, technology and software, marketing, and sales productivity. 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. After all, who would news companies rather trust their revenue to than the guy who calls them a relentless hatestream? Join the 60,000 who get the freshest future-of-journalism news in our daily email. They can, instead though, turn their eyes to another visitor to Trumps tower, one month after Softbanks Masayoshi Son. New Media shares closed at $6.68onWednesday, down $2.13, or more than 24%,since ending at $8.81on Oct. 31.. The companies, which have grappled for years with a decline innewspaper circulation and advertising, believe they will be stronger together. 13 It also has 331 weekly newspapers, and in total has a print media footprint in 37 states. If the president attacked any other industry, what would the response be?. Only featured sources are shown by default. Launched on 9/1/2020, NewsNation Now was a nightly 3-hour-long news program broadcast on WGN America. It is a subsidiary of The Pew Charitable Trusts. Democrats levels of trust and distrust in media sources have changed considerably less than Republicans during this time span. professor of finance, University of Kansas School of Business, What 20 years of equal-weighted indexes that try and improve on the S&P 500 show, Politics is hindering the effectiveness of financial education, Joe Biden used this strategy to trim his tax bill. Knowing the political bias of media outlets allows you to consume a balanced news diet and avoid manipulation, misinformation, and fake news. 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. 26, Similarly, GateHouse Live is an event production company targeted to the communities and businesses served by New Medias print publications. Even accounting for the modest methodological differences between the two studies, these differences hold. 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.

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