To analyze these survey questions by additional media habits and demographic characteristics, visit the interactive tool and access the dataset. "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. POLITICS AND THE NEWS - Save Local News 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. 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. 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. 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 . New Medias strategy assumes this revenue source will become the more lucrative replacement for declining advertising and circulation revenue. 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. | ref = {{harvid|Doctor|2017}} GateHouse made a contract proposal for retroactive medical and dental increases or a corresponding pay reduction, if the employee so chooses. In comparison, just 10% of conservative Republicans trust the Times, while 50% outright distrust it. That includes 40 jobs cut at the Providence Journal, a paper GateHouse bought from Belo in 2014. You can, too, Here's what Congress may do to fix Social Security this fall. 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. Launched on 9/1/2020, NewsNation Now was a nightly 3-hour-long news program broadcast on WGN America. Politics is personal 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. 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. 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. 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. Word of an overall 4.6 percent budget cut across the chain is rifling through company. 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 . | title = Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition Copyright 2023 The New Daily. Tuesdays headline: Robotics and tech firm SoftBank Japan purchases newspaper company GateHouse Media. 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. Overall, only one source, Fox News, was used by at least one-third of Republicans for political and election news in the past week. For investors, that can be expensive, as those biases can cause performance to suffer. In total, 20% of all Democrats and independents who lean Democratic get political news only from outlets with left-leaning audiences. Read our research on: Congress | Economy | Trust in Media, As the news media landscape continues to evolve, Americans news habits are also changing. Overhead, two massive monitors projected all that was said that night. President Biden walked on stage in the dark of the Howard Theatre and declared the coming midterms, then just three weeks away, "the most consequential election in our history." Republicans lower trust in a variety of measured news sources coincides with their infrequent use. New Media shares closed at $6.68onWednesday, down $2.13, or more than 24%,since ending at $8.81on Oct. 31.. Is the bloom off this fast-growing flower? | accessdate = 2 May 2023 Among people in these groups, there is also a stronger orientation toward certain main sources for political and election news. In Newspoll, conducted for The Australian newspaper, primary support for Labor rose one point to 38 per cent after stabilising from a downward trend before the election. New Media Investment Group owns and GateHouse manages the Austin American-Statesman, the Columbus Dispatch, and The Oklahoman, among other prominent publications. Conservative Republicans are Republicans or Republican leaners who say they are conservative or very conservative. You can also find the questions we asked, and the answers the public provided, in this topline. The cash-and-stock offer for Gannett was worth about $1.38 billion when the companies announced the proposal on August 5. 10 11, GateHouse Media is the largest publisher of daily newspapers in the United States, as measured by number of distinct publications. AllSides has rated over 1,400 sources. 2023 CNBC LLC. New Media Investment Group to Acquire Gannett | Business Wire See the methodology for a description of how the 30 outlets were selected. 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. 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.) 6:20am, May 2. These controversial charts claim to show the political lean and credibility of news organizations. New Media Investment Group Inc. (NYSE: NEWM) supports small to mid-size communities by providing locally-focused print and digital content to its consumers and premier marketing and. A leadership void in newspaper companies has opened up local journalism further to private equity firms looking to vacuum out profits. Bill Thompson is the editorial page editor of The Ledger, a mid-sized GateHouse daily newspaper publishing in and around Lakeland, Florida. 16 In 2013 GateHouse was restructured in a chapter 11 bankruptcy, with New Media created by GateHouses then-creditors to become the new owner. (+1) 202-857-8562 | Fax Critics of such management contracts point to the increased overhead they bring to news enterprises that badly need reinvestment. 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.. To finance the deal, New Media is borrowing $1.8 billion from private equity firm Apollo Global Management. "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. Latest Election Polls To be sure, theres a chill in the air, and courage isnt easy to come by. We examine responses based on party identification to see whether Republicans and Democrats are turning to similar, or different, sources of information. 2 May. watch now VIDEO 3:02 03:02 But when they do, those leanings can be expensive, the research found. new metro-oriented change Knight-Lenfest grant, the GateHouse method works in the short-term, Nieman Foundation for Journalism at Harvard University. 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. 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. GateHouse would be the nominal survivor, with New Media Investment Group's CEO, Mike Reed, becoming CEO of the merged company. In the July 2021 AllSides Blind Bias Survey, in which people across the political spectrum rated content from The Guardian's news section without knowing the source, the average rating was Lean Left.. A total of 1,331 people rated The Guardian. 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. Gannett generated revenue of$2.92 billion in 2018, compared with GateHouses $1.53 billion. 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. 44. Wealthy investors grow anxious: High net worth investorsbracefor a stock drop. Patriot Ledger. 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. 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.. These divides are even more pronounced between conservative Republicans and liberal Democrats. Unless otherwise noted, our bias ratings are based on online, written content, not TV or radio content. 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. 33 34. Doctor, Ken. Sign up for free newsletters and get more CNBC delivered to your inbox. The research looked at the managers of 1,298 actively managed mutual funds, as well as executives of 16,655 companies. 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. We are a non-partisan, non-factional publication. More green investment hasn't softened red resistance on climate Our daily email, with all the freshest future-of-journalism news. 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?. Individuals have preferences, life experiences, and one of those preferences that may affect their decision-making is partisan bias. Of course, political ideology is more than just the sum of your personality traits. Even accounting for the modest methodological differences between the two studies, these differences hold. Pew Research Center does not take policy positions. Among all Republicans, the portion who cite Fox as their main source of political news drops to 34%. 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. 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. The companies, which have grappled for years with a decline innewspaper circulation and advertising, believe they will be stronger together. Eric Newton (@EricNewton1) February 18, 2017, Its a hell of a question. The universes of outlets with right-leaning audiences and left-leaning audiences reflect another major finding from the media polarization report. Its unclear how much stamina NEWMs investors will have for the strategy, though. 11 12 As GateHouse's parent company, New After all, who would news companies rather trust their revenue to than the guy who calls them a relentless hatestream? 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. 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. It is a subsidiary of The Pew Charitable Trusts. Theres rich irony here: The retirement funds of those in the news industry, among many others, helps fund these New Media takeovers, which in turn result in more job cutbacks and the thinning of journalism in communities from coast to coast. We want to hear from you. 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%). Those nice dividend checks mean fewer journalist paychecks. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. 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 . 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. All Rights Reserved. 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. Representatives of Gannett and New Media, whose GateHouse Media operating divisionhas more than 150 daily publications, declined to comment. 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. A comparison to a similar study by the Center of web-using U.S. adults in 2014 finds that Republicans have grown increasingly alienated from most of the more established sources, while Democrats confidence in them remains stable, and in some cases, has strengthened. That's because mutual fund managers may have a political bias and invest in companies that lean the same way. (Visit our Pathways data tool to see the full data on feelings toward Donald Trump.). At the Labor launch in Perth on Sunday, Mr Albanese revealed his medicines price cut would be $12.50. Given a better 2015, it generated $39.7 million total in 2015 and only $5.7 million in 2014. 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. Democrats overall are still somewhat younger than Republicans, but to a far lesser degree (59% are ages 18 to 49 vs. 46% of Republicans). 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. It believed in its methods to cut costs by replacing inconsistent management. 1945 - 19fortyfive.com - Media Bias/Fact Check 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.). Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. The cable network is also Democrats most commonly turned to source for political and election news, with about half (53%) saying they got news there in the past week. 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. What do they think they know? We use multipartisan analysis to reflect the average view of Americans. Pew Research Center does not take policy positions. The AllSides Media Bias Chart helps you to easily identify different perspectives and political leanings in the news so you can get the full picture and think for yourself. 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. Gannett, New Media Investment Group deal: Shareholders to vote - USA Today New Media, with assets of $1.3 billion, is a relative pimple on the body Fortress $70 billion in asset management. Merger details: GateHouse Media owner to acquire USA TODAY owner Gannett, Earnings: Gannett acquirer New Media Investment Group reports revenue decline, digital boost. 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. New York Times American daily newspaper published since 1851. There was an error submitting the form. According to their about page, "We seek to hold no one ideology or opinion in favor. More from Personal Finance:Politics is hindering the effectiveness of financial education Joe Biden used this strategy to trim his tax bill. Will they stand up for our Inflation is the top issue for voters, who expressed pessimism about the economy. Get The New Daily free every morning and evening. This gives us confidence that any sample can represent the whole population. Have news media CEOs said anything about a president who loudly accuses their people and companies of dishonesty? 0:04. Far Left Accessed May 2, 2023. https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/. As Fortress restructured, it began put together its investment pools four years ago. Though its outdated site leaves out acquisitions made years ago, the company now owns more than 130 dailies. 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. Ken Doctor, media analyst at Newsonomics and founder of a new local news venture called Lookout, said he expects the deal to pass. And, like other buyers, it recognized that so much of newspapers remaining trade value is in their tangible real estate. 79, No. It would be hard to overstate its connection as a trusted go-to source of political news for Republicans. 11, 2019, on Pew Research Centers American Trends Panel. 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. 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. 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. 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. The Nieman Journalism Lab is a collaborative attempt to figure out how quality journalism can survive and thrive in the Internet age. | last = Doctor 37 During Februrary the editors criticized former Republican Gov. Creative Commons Attribution-NonCommercial 4.0 International License. Lets be clear: Management determines how much journalism their journalism companies actually produce. (Details about the two studies can be found in the methodology.). "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 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. 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. 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. Punchbowl Arrives From Reporters Who Left Politico's Playbook - The New 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. And while 20% of those Republicans say they never attend services, a much larger share of those Democrats 47% say they never attend services. The Rise of a New Media Baron Gone, perhaps forever, he wrote, is the elite medias reputation for being objective truth-tellers, traded for the justifiable perception of being partisan political hacks. 35, Similarly, on April 4, 2019, The Ledgers editorial board criticized Democrats in the Florida Legislature for introducing bills to impede firearms possession, arguing that despite the good intentions that supposedly accompany such legislation, denying the right of self-defense via guns is ill-advised. 36, Conversely, during the same early months of 2019 the editorial page of the Topeka Capital-Journal in Kansas was promoting a left-of-center agenda. Recruiting our panelists by phone or mail ensures that nearly all U.S. adults have a chance of selection. RealClearPolitics - Election 2022 7, GateHouse daily newspapers editorial positions may be right-of-center or left-of-center, depending upon the newspaper. Among all Democrats, the portion citing CNN is roughly the same, while NPR as a main source falls to 8%. 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. 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. 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. These ratings may be used for research or noncommercial purposes with attribution. Moreover, evidence suggests that partisan polarization in the use and trust of media sources has widened in the past five years. 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. House Polls Biden Job Approval New Media, with assets of $1.3 billion, is a relative pimple on the body Fortress' $70 billion in asset management. 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. (CEO Mike Reed explained that drop by pointing to the outsized $43 million gain the company made on its Las Vegas sale in 2015.) The Guardian Rated Lean Left in July 2021 AllSides Blind Bias Survey. High net worth investorsbracefor a stock drop. Knowing the political bias of media outlets allows you to consume a balanced news diet and avoid manipulation, misinformation, and fake news. "Funds with more partisan bias perform slightly worse than those with less bias, and have significantly inflated fund idiosyncratic risks," the research said. Here's what you need to know about them. Among Democrats in the left-leaning audience news bubble, 90% say they have very cold feelings about him (ratings between zero and 24). The big difference is that while no other source comes close to rivaling Fox News appeal to Republicans, a number of sources other than CNN are also highly trusted and frequently used by Democrats. In Illinois, she says, the company added to the financial misery.

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