new media investment group political leaning

Three Politico veterans, John Bresnahan, left, Anna Palmer and Jake Sherman, are starting a political news outlet called Punchbowl. 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 . Of course, political ideology is more than just the sum of your personality traits. 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 is a subsidiary of The Pew Charitable Trusts. 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. A leadership void in newspaper companies has opened up local journalism further to private equity firms looking to vacuum out profits. In Newspoll . Latest Election Polls Thats a lot of new potential profit and another potential reason for news industry leaders to keep their mouths shut. While Progressive Left largely backed candidates other than Biden during the 2020 Democratic primaries, they overwhelmingly voted for him in the general . If the president attacked any other industry, what would the response be?. 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. Among all Democrats, the portion citing CNN is roughly the same, while NPR as a main source falls to 8%. It would be hard to overstate its connection as a trusted go-to source of political news for Republicans. 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. 26, Similarly, GateHouse Live is an event production company targeted to the communities and businesses served by New Medias print publications. Latest Election 2022 Polls Battle for Senate Battle for House Governors 2020 Midterm Match-Ups Creative Commons Attribution-NonCommercial 4.0 International License. 1:02. 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. Among people in these groups, there is also a stronger orientation toward certain main sources for political and election news. In the more compact Republican media ecosystem, one outlet towers above all others: Fox News. Ad Fontes' media bias chart, left, and AllSides'. To my surprise, Beavers wrote, he [the GateHouse staffer] also agreed that the material they provide has definitely been slanted. Our daily email, with all the freshest future-of-journalism news. The couples threshold will also increase from $92,416 to $144,000. 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. 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. These ratings may be used for research or noncommercial purposes with attribution. (Details about the two studies can be found in the methodology.). To analyze these survey questions by additional media habits and demographic characteristics, visit the interactive tool and access the dataset. Now, backed with a further $130 million in raised equity, CEO Mike Reed said Tuesday the company intends to buy more. Given a better 2015, it generated $39.7 million total in 2015 and only $5.7 million in 2014. 2023. But when they do, those leanings can be expensive, the research found. 10K investor Arne Hoel has served on the boards of Swift Communications, which . This gives us confidence that any sample can represent the whole population. Pew Research Center does not take policy positions. For those searching out nefarious conspiracy in the news media ownership world, this initial GateHouse conspiracy story may be a disappointment. Individuals have preferences, life experiences, and one of those preferences that may affect their decision-making is partisan bias. 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. (CEO Mike Reed explained that drop by pointing to the outsized $43 million gain the company made on its Las Vegas sale in 2015.) 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. 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. 11 12 As GateHouse's parent company, New Davis also serves as the COO of New Media. Meanwhile, Republican-leaning fund managers invested 3% less of their total net assets in Democrat-oriented companies compared with Democratic-leaning fund managers. 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. 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. "So you kind of wonder which long-term shareholder is selling down here and what does that mean for the vote?" If shareholders vote in favor of the combination, the two companies are expected to close the transaction soon afterward. A Division of NBCUniversal. The group found that two dozen House Republicans hold. GateHouse Media. (+1) 202-419-4300 | Main 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. An extra 50,000 older Australians would get access to the Commonwealth Seniors Health Card if the Morrison government is re-elected. Nieman Journalism Lab. The companies, which have grappled for years with a decline innewspaper circulation and advertising, believe they will be stronger together. Based in Chicago, the program utilized the journalistic resources of the 110 television news operations throughout the United States under WGN America's corporate parent Nexstar Media Group. You cant write one every two weeks. 42, Reed noted that when that standard is not met, staff reductions are necessary to improve the news product: 43, If I acquire Columbus, Ohio, and I have three guys in there that have been in the newsroom for 30 or 40 years and each of them shows up a couple times a week and they produce a story every two or three weeks Thats we found that in Columbus. 19, The CEO of GateHouse Media since 2014 has been Kirk Davis, a professional newspaper executive and Associated Press board member who began working for GateHouse in 2006. Gannett had about 16,980 employees at the end of 2018, while GateHouse had about 10,638 employees, according to their securities filings. | work = [[Nieman Journalism Lab]] 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. Biden Job Approval 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. New Media Investment Group, Inc. is a development stage company. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Not Much. That's because mutual fund managers may have a political bias and invest in companies that lean the same way. Those add to its impressive reach: 19 million people through 564 community print publications, 489 websites, 476 mobile sites. His supposed promise, accompanied by the firm Trump hand on Sons shoulder: $50 billion in U.S. investment, aiming to create 50,000 jobs. Who are the people who choose these more politically isolated news diets? 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. 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). Numbers, Facts and Trends Shaping Your World, U.S. Media Polarization and the 2020 Election: A Nation Divided, Next: 1. 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. Among all Republicans, the share with a college degree increases to 29%, while among all Democrats the percentage of college grads drops to 37%. That can also be costly for individual investors, according to the research. While money and politics have always . A plurality of people who have a Left, Lean Left, Center, and Lean Right bias . 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. All in all, its not that partisans live in entirely separate media bubbles when it comes to political news. Among all Democrats, the very cold number drops modestly to 81%, but among all Republicans, the very warm number falls to 53%. Got a confidential news tip? 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. 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? About two-thirds (65%) of Republicans and Republican leaners say they trust Fox News as a source. It intends to operate newspaper, media directory and other media content businesses. 5 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. New Media, with assets of $1.3 billion, is a relative pimple on the body Fortress' $70 billion in asset management. The company has cited data from Ad Fontes Media, a Colorado-based nonpartisan organization that rates the political leanings of media outlets. And of the 23% of Democrats who got political news from Fox News in the past week, nearly three-in-ten (27%) distrust it. 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. | accessdate = 2 May 2023 Critics of such management contracts point to the increased overhead they bring to news enterprises that badly need reinvestment. One is social psychology. Conversely, moderate and conservative Democrats are more than twice as likely as liberal Democrats to trust Fox News (32% vs. 12%). Far Left 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. In total, 20% of all Democrats and independents who lean Democratic get political news only from outlets with left-leaning audiences. History. GOP Support Rises, With Inflation Driving Voters, Most Catholic Voters Dont Share Presidents Priorities, Heritage Action Super PAC Targets Beasley in NC. 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). Whats the best way to follow how the news is changing? You can, too, Here's what Congress may do to fix Social Security this fall. Its dailies like GateHouses most of them in smaller cities of the country that now demand new scrutiny out of this election. {{cite web Thats a better performance than its peers. Center-rated outlets may omit important perspectives. 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. All Rights Reserved. watch now VIDEO 3:02 03:02 Make no mistake: The New Media playbook has been executed well. In total, 20% of all Democrats and independents who lean Democratic get political news only from outlets with left-leaning audiences. Pew Research Center does not take policy positions. Moderator questions. We frequently review media outlets to ensure our ratings are up-to-date. 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 Center's American Trends Panel, conducted Oct . Additionally, 60% say they got political or election news there in the past week. For Democrats, the numbers are almost reversed. Democrats levels of trust and distrust in media sources have changed considerably less than Republicans during this time span. 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. And the answer to that question is yes, the researchers found. Since its emergence from bankruptcy in 2013 and resulting reorganization under New Media Investment Group, GateHouse has been criticized for reducing staff at the publications it purchases. He said the PBS was another of the great Australian institutions established by Labor and proof of his partys commitment to universal health care. See the survey questions and methodology for this analysis, or access the dataset. UpCurve provides business-to-business assistance in the areas of human resources, technology and software, marketing, and sales productivity. 11, 2019, on Pew Research Centers American Trends Panel. "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. 13 It also has 331 weekly newspapers, and in total has a print media footprint in 37 states. In comparison, just 10% of conservative Republicans trust the Times, while 50% outright distrust it. It believed in its methods to cut costs by replacing inconsistent management. And he assured me they are now looking into a more conservative cartoonist to add to the mix. 39. Generic Ballot | title = Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition The company was founded on June 18, 2013. 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. "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. Web. 2023 CNBC LLC. 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. 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. Labor held a clear lead of 54 to 46 per cent over the Coalition after preferences. 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. While Fortress doesnt own NEWM, its management drove the companys astounding growth after the GateHouse bankruptcy in 2013. GateHouse Media is the largest publisher of daily newspapers in the United States, as measured by number of distinct publications. 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. Copyright 2023 InfluenceWatch. 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. They can, instead though, turn their eyes to another visitor to Trumps tower, one month after Softbanks Masayoshi Son. 44. Traditionally, the Heritage Foundation writes policy papers. 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. The study asked about use of, trust in, and distrust of 30 different news sources for political and election news. Voters say they see the election as a way to send Biden a message. 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. The Coalitions popular support remained steady at 36 per cent, continuing a trend from late last year. The specter of Trump-related foreign ownership may be a misplaced apparition but it shouldnt obscure the real specter of a faster chain roll-up of newspaper ownership in America. They also are likely to live in the same geographic areas. 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. Benedetto: Dems Face Historical Headwinds, A Precarious Senate Race for Dems in Pennsylvania. What Does Early Voting Tell Us? 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.. One takeaway: The greatest likelihood coming out of the Fortress sale, at least in the short term, is steady as she goes. New Media, with assets of $1.3 billion, is a relative pimple on the body Fortress $70 billion in asset management. We can do the math on what the financialization of these community papers has meant, from Massachusetts to California. https://www.bizjournals.com/boston/news/2019/03/20/GateHouse-media-s-second-in-command-departs-as-coo.html, http://www.GateHousemedia.com/our-markets/, https://www.usatoday.com/story/money/2019/08/05/gannett-gatehouse-media-new-media-investment-group/1902550001/, https://www.niemanlab.org/2018/06/newsonomics-GateHouse-media-thinks-services-for-small-local-businesses-can-help-replace-long-gone-advertising, https://www.thedestinlog.com/news/20190413/thompson-russiagate-latest-in-elite-medias-attempts-to-turn-journalism-into-liberal-activism, https://www.cjonline.com/opinion/20190212/editorial-senate-leader-leading-kansas-down-wrong-path, https://www.fec.gov/data/receipts/individual-contributions/?two_year_transaction_period=2016&min_date=01%2F01%2F2015&max_date=12%2F31%2F2016&contributor_name=Wesley+Edens, http://www.newmediainv.com/about-us/#board, https://www.wsj.com/articles/GateHouse-files-for-chapter-11-bankruptcy-protection-1380304281, http://www.GateHousemedia.com/about-us/executive-leadership/, http://ir.newmediainv.com/Cache/1500117714.PDF?O=PDF&T=&Y=&D=&FID=1500117714&iid=4426551, http://www.newmediainv.com/commercial-services/#1458536315895-5cd1dbef-c03f, https://www.niemanlab.org/2018/06/newsonomics-GateHouses-mike-reed-talks-about-rolling-up-americas-news-industry/, http://www.newmediainv.com/commercial-services/#1458535912312-d3e83724-f7bf, https://www.theledger.com/opinion/20190404/editorial-gun-bills-overlook-that-guns-are-sometimes-needed, https://www.cjonline.com/opinion/20190318/editorial-house-education-bill-going-wrong-way, https://www.newstribune.info/news/20180724/from-editors-desk-yes-there-has-been-slant?template=ampart, http://newsguild.org/mediaguild3/workers-at-gatehouse-publications-win-stunning-victory-at-shareholders-meeting/, https://www.texasmonthly.com/news/new-mediagatehouse-buys-the-statesman/, https://www.wsj.com/articles/sheldon-adelson-behind-purchase-of-lvrj-1450319641. Michael Reed, also with professional experience managing in the newspaper industry, is the CEO of New Media and was previously the CEO of GateHouse. According to the GateHouse website, the company owns the largest number of daily newspapers in the country. 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. A half-hour's drive from where the modern oil and gas industry was born, a new power plant provides a glimpse into one possible future for fossil fuels. 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. 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. Thats about a tenth of all the 1,375 dailies in the country. Finally, there is a modest gender gap between Democrats and Republicans who only get political news from sources with like-minded audiences. 25 This division produced $95.8 million in revenue for 2018, an increase of 34.4 percent over 2017. 6:20am, May 2. Lets be clear: Management determines how much journalism their journalism companies actually produce. Ken Doctor, media analyst at Newsonomics and founder of a new local news venture called Lookout, said he expects the deal to pass. This initiative is a collaborative effort based on the input and analysis of a number of individuals and experts at Pew Research Center. 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. 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. 28. Ting Shen for The New York Times By Ben Smith Jan. 3, 2021. "Funds with more partisan bias perform slightly worse than those with less bias, and have significantly inflated fund idiosyncratic risks," the research said. It was later revealed that Republican donor Sheldon Adelson was the owner of the News Media Investment Group. Doctor, Ken. 18 Edens is a large donor to Democratic politicians and political committees, with total federal donations exceeding $140,000 during the 2016 election cycle the majority of which went to political committees promoting the Democratic National Committee and the Presidential campaign of Hillary Clinton. 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. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. 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. 0:04. We use multipartisan analysis to reflect the average view of Americans. 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%). Doctor, K. (2017, Feb. 23). Join the 60,000 who get the freshest future-of-journalism news in our daily email. | url = https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/ (+1) 202-419-4372 | Media Inquiries. To finance the deal, New Media is borrowing $1.8 billion from private equity firm Apollo Global Management. As of the close trading on Wednesday, theacquisition offer was worth about $1.13 billion. 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. 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. We examine responses based on party identification to see whether Republicans and Democrats are turning to similar, or different, sources of information. }}, To promote and elevate the standards of journalism, Covering thought leadership in journalism. Knowing the political bias of media outlets allows you to consume a balanced news diet and avoid manipulation, misinformation, and fake news. (Tronc stands at about $500 million, Lee Enterprises at $145 million, A.H. Belo at $135 million, and McClatchy at $89 million.) Ideology reveals largest gaps in trust occur between conservatives and liberals, 4. Numbers, Facts and Trends Shaping Your World, details about the ideological composition of news outlets audiences, the full data on feelings toward Donald Trump, From feelings about Trump to reliance on a single main source of political news, big differences by media diet, Democrats in a left-leaning audience news bubble tend to be younger, more educated, less religiously observant, Americans in news media bubbles think differently about foreign policy than others, About one-fifth of Democrats and Republicans get political news in a kind of media bubble, Views about Ukraine-impeachment story connect closely with where Americans get their news, U.S. Media Polarization and the 2020 Election: A Nation Divided, What the data says about Americans views of climate change, Podcasts as a Source of News and Information, AI in Hiring and Evaluating Workers: What Americans Think, Americans confident in Zelenskyy, but have limited familiarity with some other world leaders, How Public Polling Has Changed in the 21st Century. Liberal Democrats are Democrats and independents who lean toward the Democratic Party who say they are liberal or very liberal. None of those markets could afford that person on their own, because of revenue trends. 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. Last modified February 23, 2017. As 12-decade-old newspaper companies get sucked up and shrunken by financial managers sending what seem to be outrageous profits as far off as Tokyo, the whole notion of newspaper executive leadership has ebbed away.
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new media investment group political leaning 2023