0:04. 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. Minor parties again were looking strong with the Greens increasing its primary vote from 11 to 15 per cent while Pauline Hansons One Nation and Clive Palmers United Australia Party rose from 4 to 5 per cent each. 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. The new company would take on the Gannett name and headquarters in McLean, Virginia. 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. 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. saying The U.S. will become great again, Son offered. What do they think they know? 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. How do you think the bias of this source should be rated? 79, No. Over three-quarters of the electorate are now absolutely committed to their vote, and were increasingly seeing people locking in as early voting nears, Resolve director Jim Reed told the newspapers. (Details about the two studies can be found in the methodology.). Political Alienation Driving Voter Involvement? Democrats levels of trust and distrust in media sources have changed considerably less than Republicans during this time span. Copyright 2023 InfluenceWatch. Doctor, Ken. Founded in 2020, 19fortyfive.com or 1945 is a conservative-leaning website that focuses on defense and USA foreign policy news and analysis. New Media Investment Group | Company Overview & News - Forbes "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. 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. Under the terms of the deal then, shareholders of Gannett would receive $6.25 in cash and 0.5427 of a New Media share for each Gannett share they held, amounting $12.06 per Gannett common share based on New Media's closing stock price as of Aug. 2. New Media shareholders would own 50.5% of the combined company, while Gannett stockholderswould own 49.5%. | work = [[Nieman Journalism Lab]] Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. 6:20am, May 2. The answer, of course, isnt singular. How Joe Biden's cash problems are squeezing his campaign, fundraisers. Consequently, individual investors need to beware when choosing between actively managed funds and index funds. Doctor, K. (2017, Feb. 23). 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. Senate Polls Have news media CEOs said anything about a president who loudly accuses their people and companies of dishonesty? How much are their once-robust newspapers, especially across the kinds of heartlands that New Media serves, helping them separate fact from fiction? Ting Shen for The New York Times By Ben Smith Jan. 3, 2021. Who are the people who choose these more politically isolated news diets? 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. 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. Nieman Foundation for Journalism at Harvard, 23 Feb. 2017. The couples threshold will also increase from $92,416 to $144,000. GateHouse made a contract proposal for retroactive medical and dental increases or a corresponding pay reduction, if the employee so chooses. 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. For commercial use, or to request this data as a CSV or JSON file, contact us. 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. That can also be costly for individual investors, according to the research. 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. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. 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. They plan to shed $275 million to $300 million in overlapping costs per year within 18 to 24 months and use their combined power to pursue a "digital transformation" predicated on innovative marketing services, online advertising and paid subscriptions. Nexstar's 'unbiased' news has stumbled. What went wrong? - Los Angeles Admittedly, not all fund managers have a political bias. Sam Brownback and his fellow ultraconservatives for cutting the state income taxes in 2012. 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. For more, see the reports methodology and this Q&A about the project. 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. PORT ARTHUR, Tex. GateHouse Media is the largest publisher of daily newspapers in the United States, as measured by number of distinct publications. Just since the beginning of the year, numerous GateHouse papers have cut more newsroom staff in the single digits at smaller newsrooms as far-flung as the Springfield (Ill.) Register, Lakeland (Fla.) Ledger, Erie (Pa.) Times and Quincy (Mass.) 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. AllSides has rated over 1,400 sources. 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. 16 In 2013 GateHouse was restructured in a chapter 11 bankruptcy, with New Media created by GateHouses then-creditors to become the new owner. 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. Where does the acquisition money come from? | ref = {{harvid|Doctor|2017}} Media Bias Ratings Media Bias Chart Fact Check Bias Chart Methodology Perspectives Blog Bias They also are likely to live in the same geographic areas. Shareholders of USA TODAY owner Gannett andNew Media Investment Group are poised to determine whether the two companieswill combinein a deal that would reshape the media landscape amid a tumultuous transition from print to digital. To be sure, theres a chill in the air, and courage isnt easy to come by. But when they do, those leanings can be expensive, the research found. Nieman Journalism Lab. One is social psychology. Politics is personal That money, according to Fortress, has come from three sources: cash flow from operations, equity issued to NEWM public shareholders, and a regular term loan the company put in place with banks. Meanwhile, Republican-leaning fund managers invested 3% less of their total net assets in Democrat-oriented companies compared with Democratic-leaning fund managers. Feel like you don't fit in either political party? Here's why Copyright 2023 The New Daily. Michael Reed, also with professional experience managing in the newspaper industry, is the CEO of New Media and was previously the CEO of GateHouse. 11 12 As GateHouse's parent company, New Among all Republicans, the portion who cite Fox as their main source of political news drops to 34%. What Does Early Voting Tell Us? The idea that Americans are polarized . 5 "Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition." Don't idle: How often should I start my car and let it idle in cold weather? 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. Thats a lot of new potential profit and another potential reason for news industry leaders to keep their mouths shut. 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. 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. 25 This division produced $95.8 million in revenue for 2018, an increase of 34.4 percent over 2017. 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. 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). These ratings may be used for research or noncommercial purposes with attribution. GateHouse Media - Wikipedia 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). To finance the deal, New Media is borrowing $1.8 billion from private equity firm Apollo Global Management. Liberal Democrats are Democrats and independents who lean toward the Democratic Party who say they are liberal or very liberal. Benedetto: Dems Face Historical Headwinds, A Precarious Senate Race for Dems in Pennsylvania. For example, three-quarters of conservative Republicans trust Fox News, while just about half (51%) of moderate or liberal Republicans do. RealClearPolitics - Election 2022 If the president attacked any other industry, what would the response be?. Republicans lower trust in a variety of measured news sources coincides with their infrequent use. Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey. 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. If you search our ratings for a certain source and still dont see it, email us. 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. USA Today American daily newspaper that provides both news and entertainment coverage. Doctor, Ken. The companies, which have grappled for years with a decline innewspaper circulation and advertising, believe they will be stronger together. 10K investor Arne Hoel has served on the boards of Swift Communications, which . UpCurve provides business-to-business assistance in the areas of human resources, technology and software, marketing, and sales productivity. Gannett, New Media Investment Group deal: Shareholders to vote - USA Today Representatives of Gannett and New Media, whose GateHouse Media operating divisionhas more than 150 daily publications, declined to comment. 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. These controversial charts claim to show the political lean and credibility of news organizations. Accessed May 2, 2023. https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/. We examine responses based on party identification to see whether Republicans and Democrats are turning to similar, or different, sources of information. Its not the only playbook out there, but its the most used. In the more compact Republican media ecosystem, one outlet towers above all others: Fox News. | first = Ken 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. Biden Job Approval Acknowledgments: The Election News Pathways project was made possible by The Pew Charitable Trusts. That's because mutual fund managers may have a political bias and invest in companies that lean the same way. Based on this data, researchers calculated the political composition of each sources audience. But Fortress doesnt own New Media; its actual holding of about 74,000 shares out of New Medias 53 million amounts to less than 1 percent of the company. Lets focus on what we can beat them at, and thats being local and selling business owners something that they need terribly, that they want. 24, Central to this strategy is UpCurve, New Medias enterprise services division. 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 . Its more than that though. [sic] So, what we said is, Okay. Photo of Donald Trump and SoftBank CEO Masayoshi Son at Trump Tower December 6, 2016, by AP/Andrew Harnik. "Funds with more partisan bias perform slightly worse than those with less bias, and have significantly inflated fund idiosyncratic risks," the research said. They were more likely to support Warren than those in any other political typology group and expressed support for Sanders at a level similar to the Outsider Left (38% of whom favored Sanders). 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. | title = Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition (+1) 202-419-4300 | Main 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. 10 News First - Disclaimer. He said the PBS was another of the great Australian institutions established by Labor and proof of his partys commitment to universal health care. 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. New Media, with assets of $1.3 billion, is a relative pimple on the body Fortress' $70 billion in asset management. And the answer to that question is yes, the researchers found. 20 21, 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. At best, GateHouse puts together a cluster of newspapers best for cost-cutting efficiency and consolidation and takes over a newer printing operation that it can use for centralized, again more cost-efficient, publishing. On Thursday, stockholdersof each companywill vote on the proposal for New Media to acquire Gannett. 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. New Media shares closed at $6.68onWednesday, down $2.13, or more than 24%,since ending at $8.81on Oct. 31.. High net worth investorsbracefor a stock drop. 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. "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. Midterms 2022 Results: RCP Takeaway, Kari Lake: Arizona Election Process Is A "Laughingstock," "I Think We Just Have To Wait", Anita Dunn: Biden's Focus On "MAGA Republicans" And "Democracy Denial" Was A "Very Effective Strategy", Ron Johnson: Dysfunction Isn't Just In Government And Congress, But In How Senate Republicans Run Our Conference. Numbers, Facts and Trends Shaping Your World, U.S. Media Polarization and the 2020 Election: A Nation Divided, Next: 1. In some cases, GateHouse has encircled these family operations, and then offered just enough to close a sale. 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. This initiative is a collaborative effort based on the input and analysis of a number of individuals and experts at Pew Research Center. 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. You can, too, Here's what Congress may do to fix Social Security this fall. In contrast, the average share of total net assets invested in Democratic-leaning firms by Republican-leaning managers was about 3 percent lower than that invested by Democratic-leaning fund managers. Plus, as feels universally true in these bewildering times, there appeared to even be a link to Donald Trump. We are a non-partisan, non-factional publication. Media Bias Chart: Through the Years AllSides Media Bias Chart 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. President and Fellows of Harvard College, unless otherwise noted. 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. 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. 11, 2019, on Pew Research Centers American Trends Panel. 12 By the start of 2019, it published 146 daily newspapers with a combined paid circulation of 1.6 million.

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