new media investment group political leaning

Sign up for free newsletters and get more CNBC delivered to your inbox. Political Alienation Driving Voter Involvement? The dividend yield of New Media. GateHouse would be the nominal survivor, with New Media Investment Group's CEO, Mike Reed, becoming CEO of the merged company. Thats a lot of new potential profit and another potential reason for news industry leaders to keep their mouths shut. 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. Voters say they see the election as a way to send Biden a message. In March the editorial board denounced ultra-conservative state lawmakers for proposing vouchers to rescue students being bullied in private schools, while praising the recently-elected Democratic governor and fellow moderates for their education agenda. To prevent automated spam submissions leave this field empty. 12 By the start of 2019, it published 146 daily newspapers with a combined paid circulation of 1.6 million. 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. UpCurve provides business-to-business assistance in the areas of human resources, technology and software, marketing, and sales productivity. watch now VIDEO 3:02 03:02 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. For Democrats, the numbers are almost reversed. 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. 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. "Mutual funds with higher levels of partisan bias do not outperform those with less bias, and may even suffer from slightly worse fund performance," the research said. The universes of outlets with right-leaning audiences and left-leaning audiences reflect another major finding from the media polarization report. While money and politics have always . Will they stand up for our Inflation is the top issue for voters, who expressed pessimism about the economy. In August 2019, it was announced that New Media Investment Group had reached an agreement to merge Gannett into GateHouse Media. Nieman Journalism Lab. Accessed May 2, 2023. https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/. Admittedly, not all fund managers have a political bias. You may still be deciding who to back on Election Day, yet your investments may have already cast a vote. 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. 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. These divides are even more pronounced between conservative Republicans and liberal Democrats. 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. It is a subsidiary of The Pew Charitable Trusts. Its dailies like GateHouses most of them in smaller cities of the country that now demand new scrutiny out of this election. Then, their lobbying arm, Heritage Action for America, normally takes those policies and tries to persuade members of Congress to make FL Counts Its Ballots in Hours. A media law expertexplains, Five experts grade the major parties plans for an anti-corruption commission. 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.. 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. Moderator questions. And in what epitomizes this era of polarized news, none of the 30 sources is trusted by more than 50% of all U.S. adults. 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. They then compared how those individuals donated to political campaigns from 1990 through 2016, based on data from the Center for Responsive Politics. 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. That data was used to determine the fund managers' and executives' political leanings based on their net donations. All Rights Reserved. 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. While the companys $800 million market cap is impressive, with fewer newspaper properties, it could claim a $1.12 billion valuation in early 2015. Direction of Country 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Retrieved May 2, 2023, from https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/. New Media, with assets of $1.3 billion, is a relative pimple on the body Fortress $70 billion in asset management. Please try again. This private investment firm, formed in 2009, is a partnership between 10K Investments, owned by two Reno, Nevada, businessmen, and 13th Street Media, owned by Randy Miller, who previously owned the Boulder (CO) Daily Camera before selling it to E.W. Among Democrats in the left-leaning audience news bubble, 90% say they have very cold feelings about him (ratings between zero and 24). Benedetto: Dems Face Historical Headwinds, A Precarious Senate Race for Dems in Pennsylvania. As the U.S. enters a heated 2020 presidential election year, a new Pew Research Center report finds that Republicans and Democrats place their trust in two nearly inverse news media environments. Latest Election 2022 Polls Battle for Senate Battle for House Governors 2020 Midterm Match-Ups About this time in every election cycle analysts become starved for data to analyze. New Media Investment Group owns and GateHouse manages the Austin American-Statesman, the Columbus Dispatch, and The Oklahoman, among other prominent publications. If the president attacked any other industry, what would the response be?. We use multipartisan analysis to reflect the average view of Americans. 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. 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. These controversial charts claim to show the political lean and credibility of news organizations. new metro-oriented change Knight-Lenfest grant, the GateHouse method works in the short-term, Nieman Foundation for Journalism at Harvard University. Whats clear, though, is that the company plans to extend its strategy buy more papers, monetize those readers better through Propel and other initiatives, and continue to cut, cut, cut those newsroom staffs. Heres what you need to know, Rana Plaza tragedy in 2013 a wake-up call for consumers. Among all Republicans, the portion who cite Fox as their main source of political news drops to 34%. 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. We can do the math on what the financialization of these community papers has meant, from Massachusetts to California. There are just six sources with right-leaning audiences, including Fox News, Breitbart and Rush Limbaughs radio talk show. If you value transparency, help fund our media bias research. 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. 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. Not Much. But when they do, those leanings can be expensive, the research found. (+1) 202-857-8562 | Fax 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. Liberal Democrats are Democrats and independents who lean toward the Democratic Party who say they are liberal or very liberal. 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. As Fortress restructured, it began put together its investment pools four years ago. 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. 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. Critics of such management contracts point to the increased overhead they bring to news enterprises that badly need reinvestment. 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. 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 . Who are the people who choose these more politically isolated news diets? All Rights Reserved. Traditionally, the Heritage Foundation writes policy papers. The research looked at the managers of 1,298 actively managed mutual funds, as well as executives of 16,655 companies. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. 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. Moreover, evidence suggests that partisan polarization in the use and trust of media sources has widened in the past five years. 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. Consequently, individual investors need to beware when choosing between actively managed funds and index funds. The new company would take on the Gannett name and headquarters in McLean, Virginia. In total, 20% of all Democrats and independents who lean Democratic get political news only from outlets with left-leaning audiences. 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%). Bill Thompson is the editorial page editor of The Ledger, a mid-sized GateHouse daily newspaper publishing in and around Lakeland, Florida. 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. Even accounting for the modest methodological differences between the two studies, these differences hold. The answer, of course, isnt singular. Nieman Journalism Lab. 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. 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. We examine responses based on party identification to see whether Republicans and Democrats are turning to similar, or different, sources of information. 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. 1615 L St. NW, Suite 800Washington, DC 20036USA According to the GateHouse website, the company owns the largest number of daily newspapers in the country. New Media Investment Group, Inc. is a development stage company. 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. To my surprise, Beavers wrote, he [the GateHouse staffer] also agreed that the material they provide has definitely been slanted. 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. How often should I start my car and let it idle in cold weather? For example, three-quarters of conservative Republicans trust Fox News, while just about half (51%) of moderate or liberal Republicans do. See the survey questions and methodology for this analysis, or access the dataset. Though its outdated site leaves out acquisitions made years ago, the company now owns more than 130 dailies. There was an error submitting the form.

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