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 . AllSides has rated over 1,400 sources. 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. GOP Support Rises, With Inflation Driving Voters, Most Catholic Voters Dont Share Presidents Priorities, Heritage Action Super PAC Targets Beasley in NC. 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. 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. AllSides has rated over 1,400 sources. In addition, 35% of Republicans who get news only from outlets with right-leaning audiences attend religious services at least once a week, compared with 12% of Democrats who get news only from outlets with left-leaning audiences. Sometimes when you connect the dots, you just get more dots. 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.) Who are the people who choose these more politically isolated news diets? How often should I start my car and let it idle in cold weather? And of the 23% of Democrats who got political news from Fox News in the past week, nearly three-in-ten (27%) distrust it. His supposed promise, accompanied by the firm Trump hand on Sons shoulder: $50 billion in U.S. investment, aiming to create 50,000 jobs. Approval of Mr Morrisons performance lifted five points to his strongest position of the year, with a satisfaction rating of 44 per cent and a dissatisfaction rating of 51 per cent. For commercial use, or to request this data as a CSV or JSON file, contact us. They can, instead though, turn their eyes to another visitor to Trumps tower, one month after Softbanks Masayoshi Son. Got a confidential news tip? 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. Moderator questions. It was later revealed that Republican donor Sheldon Adelson was the owner of the News Media Investment Group. Retail investors, consequently, may not always be fully aware of what they're buying. Polls show Labor in election-winning lead at campaigns halfway point, Reserve Bank hikes interest rates in May despite slowing inflation, Welfare payment boost expected for people aged over 55, Not so fast: Tony Abbott calls for the Voice referendum to be cancelled, Australians have been scared off loans and thats exactly what the RBA wants, The night I cooked schnitty for Barry Humphries, Super discrimination worsens for women as the gender gap widens in key age groups, Fixing shortage of aged-care workers through migration has risks, Why was Bruce Lehrmann given the all-clear to sue? A world of community leadership as uneven as it really was over the decades has been quickly eroded. 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. 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. 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. Nieman Journalism Lab. All Rights Reserved. Half as many Democrats in a left-leaning audience news bubble (30%) say the same thing. Two voter polls released on Monday show the Labor party holding on to a winning position at the halfway point of the Federal Election. (Visit our Pathways data tool to see the full data on feelings toward Donald Trump.). What do they think they know? 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 . 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.. Where does the acquisition money come from? It is a subsidiary of The Pew Charitable Trusts. You can, too, Here's what Congress may do to fix Social Security this fall. Finally, there is a modest gender gap between Democrats and Republicans who only get political news from sources with like-minded audiences. Ting Shen for The New York Times By Ben Smith Jan. 3, 2021. New Media has bought up larger papers in Providence, Columbus, Sarasota, and Worcester, plus chains of multiple dailies, including 24 from Halifax Media (the old New York Times Regional Newspaper Group), eight dailies from Dow Jones Local Media Group and six from Stephens Media. Not Much. Among Democrats and Democratic leaners, CNN (67%) is about as trusted a source of information as Fox News is among Republicans. Republicans and Democrats who get political and election news only from outlets with like-minded audiences are more likely to be conservative and liberal, respectively, than others in their parties. Respondents were first asked if they heard of the source, then if so, whether they trust or distrust it for political and election news and whether they got political and election news there in the past week. }}, To promote and elevate the standards of journalism, Covering thought leadership in journalism. 27 This division posted revenue of $45.7 million in 2018, an increase of 58 percent over 2017. See the methodology for a description of how the 30 outlets were selected. In Newspoll . Democrats in a left-leaning audience news bubble are more likely to be female and to have graduated from college than Republicans in a right-leaning audience news bubble. Among people in these groups, there is also a stronger orientation toward certain main sources for political and election news. 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. 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. (+1) 202-857-8562 | Fax Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Word of an overall 4.6 percent budget cut across the chain is rifling through company. Generic Ballot Global Business and Financial News, Stock Quotes, and Market Data and Analysis. New Media Investment Group Inc has a market cap of $526.790 million; its shares were traded at around $8.71 with a P/E ratio of 435.50 and P/S ratio of 0.33. One is social psychology. 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. 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. 25 This division produced $95.8 million in revenue for 2018, an increase of 34.4 percent over 2017. 5 2023. Patriot Ledger. Thats a better performance than its peers. For Democrats, the numbers are almost reversed. For Fortress, newspapers now a classic distressed industry offered a chance for good profit, using the reliable roll-up-and-cut methodology at the root of its industry. The new company would take on the Gannett name and headquarters in McLean, Virginia. Davis also serves as the COO of New Media. All Rights Reserved. Among all Republicans, the share with a college degree increases to 29%, while among all Democrats the percentage of college grads drops to 37%. These divides are even more pronounced between conservative Republicans and liberal Democrats. 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. 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 would be hard to overstate its connection as a trusted go-to source of political news for Republicans. {{cite web 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. 0:04. Greater portions of Republicans express distrust than express trust of 20 of the 30 sources asked about. Two voter polls released on Monday show the Labor party holding on to a winning position at the halfway point of the Federal Election. Those in the opposite news bubbles have, not surprisingly, nearly opposite feelings toward Donald Trump. Web. 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. 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. 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. There are just six sources with right-leaning audiences, including Fox News, Breitbart and Rush Limbaughs radio talk show. To prevent automated spam submissions leave this field empty. In total, 20% of all Democrats and independents who lean Democratic get political news only from outlets with left-leaning audiences. In this Texas . Doctor, Ken. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. In comparison, just 10% of conservative Republicans trust the Times, while 50% outright distrust it. Answer: Don't. Fully 83% of Republicans in a right-leaning audience news bubble have very warm feelings toward the president (meaning they rate him between 76 and 100 on a zero to 100 feeling thermometer, where zero means they feel as cold as possible toward him and 100 means they feel as warm as possible). Democrats report much higher levels of trust in a number of news sources than Republicans, 2. 11, 2019, on Pew Research Centers American Trends Panel. New Media seeks to become a trusted local business in the communities where it purchases publications, and then leverage this connection to sell human resources, information technology, marketing and other services to local small- and medium-sized firms. Latest Election Polls Doug Arthur, a financial analyst who covers mediawith Huber Research Partners in Connecticut, saidthe vote should be "relatively straight forward," with investors signing off on the deal. 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. 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. 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. More from Personal Finance:Politics is hindering the effectiveness of financial education Joe Biden used this strategy to trim his tax bill. 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. Meanwhile, Republican-leaning fund managers invested 3% less of their total net assets in Democrat-oriented companies compared with Democratic-leaning fund managers. | work = [[Nieman Journalism Lab]] New York Times American daily newspaper published since 1851. 5, In August 2019, New Media Investment Group acquired Gannett, which is the media company that owns USA Today along with 100 other publications and marketing services. If shareholders vote in favor of the combination, the two companies are expected to close the transaction soon afterward. Political Alienation Driving Voter Involvement? 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. Democrats levels of trust and distrust in media sources have changed considerably less than Republicans during this time span. (+1) 202-419-4372 | Media Inquiries. Photo of Donald Trump and SoftBank CEO Masayoshi Son at Trump Tower December 6, 2016, by AP/Andrew Harnik. All in all, its not that partisans live in entirely separate media bubbles when it comes to political news. Though its outdated site leaves out acquisitions made years ago, the company now owns more than 130 dailies. [sic] So, what we said is, Okay. A plurality of people who have a Left, Lean Left, Center, and Lean Right bias . New York Times CEO Mark Thompson sparred with Trump on his year-end call, but Newtons point is right on: There are CEOs of major media companies (and companies that own media companies) employing many tens of thousands of workers who are being called dishonest. 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. And while 20% of those Republicans say they never attend services, a much larger share of those Democrats 47% say they never attend services. Latest Election 2022 Polls Battle for Senate Battle for House Governors 2020 Midterm Match-Ups To my surprise, Beavers wrote, he [the GateHouse staffer] also agreed that the material they provide has definitely been slanted. 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. Its the cutbacks at the smaller papers the roots of the pre-Fortress GateHouse chain that may be most telling. Center-rated outlets may omit important perspectives. Individuals have preferences, life experiences, and one of those preferences that may affect their decision-making is partisan bias. Sign up for free newsletters and get more CNBC delivered to your inbox. Its unclear how much stamina NEWMs investors will have for the strategy, though. One factor is that getting news from a source does not always mean trusting that source. 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. New Medias strategy assumes this revenue source will become the more lucrative replacement for declining advertising and circulation revenue. Consequently, individual investors need to beware when choosing between actively managed funds and index funds. New Media owns 152 daily publications including The Palm Beach Post, The Columbus Dispatch, The Oklahoman andAustin American-Statesman as well as284 weekly newspapers. All rights reserved. While Fortress doesnt own NEWM, its management drove the companys astounding growth after the GateHouse bankruptcy in 2013. saying The U.S. will become great again, Son offered. 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.
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