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). 27 This division posted revenue of $45.7 million in 2018, an increase of 58 percent over 2017. Even accounting for the modest methodological differences between the two studies, these differences hold. The company has cited data from Ad Fontes Media, a Colorado-based nonpartisan organization that rates the political leanings of media outlets. These divides are even more pronounced between conservative Republicans and liberal Democrats. Ken Doctor, media analyst at Newsonomics and founder of a new local news venture called Lookout, said he expects the deal to pass. Sign up for free newsletters and get more CNBC delivered to your inbox. In a separate question put to voters, 56 per cent said it was time for a change of government while 44 per cent said the Coalition government deserved to be returned. For more, see the reports methodology and this Q&A about the project. New Media Investment Group is a private equity firm which focuses on investing in local media assets, advertising, and digital marketing businesses. AllSides Media Bias Ratings by AllSides.com are licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. We use multipartisan analysis to reflect the average view of Americans. PORT ARTHUR, Tex. That includes 40 jobs cut at the Providence Journal, a paper GateHouse bought from Belo in 2014. The cash-and-stock offer for Gannett was worth about $1.38 billion when the companies announced the proposal on August 5. In total, 20% of all Democrats and independents who lean Democratic get political news only from outlets with left-leaning audiences. Who are the people who choose these more politically isolated news diets? 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. Patriot Ledger. If shareholders vote in favor of the combination, the two companies are expected to close the transaction soon afterward. 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. GateHouse would be the nominal survivor, with New Media Investment Group's CEO, Mike Reed, becoming CEO of the merged company. Gannett had about 16,980 employees at the end of 2018, while GateHouse had about 10,638 employees, according to their securities filings. The universes of outlets with right-leaning audiences and left-leaning audiences reflect another major finding from the media polarization report. Media Bias Chart: Through the Years AllSides Media Bias Chart AllSides Media Bias Ratings make the political leanings of hundreds of media sources transparent so that you can get the full picture and think for yourself. They can, instead though, turn their eyes to another visitor to Trumps tower, one month after Softbanks Masayoshi Son. The new company would take on the Gannett name and headquarters in McLean, Virginia. For Democrats, the numbers are almost reversed. 23, New Media Investment Group owns and GateHouse manages the Austin American-Statesman, the Columbus Dispatch, and The Oklahoman, among other prominent publications. To be sure, theres a chill in the air, and courage isnt easy to come by. | ref = {{harvid|Doctor|2017}} How often should I start my car and let it idle in cold weather? 26, Similarly, GateHouse Live is an event production company targeted to the communities and businesses served by New Medias print publications. | last = Doctor Creative Commons Attribution-NonCommercial 4.0 International License. Generic Ballot While Fortress doesnt own NEWM, its management drove the companys astounding growth after the GateHouse bankruptcy in 2013. 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.). 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. GateHouse Media is the largest publisher of daily newspapers in the United States, as measured by number of distinct publications. Institutional and mutual fund shareholders, including Vanguard, T. Rowe Price, Wells Fargo, and Black Rock Fund own at least 70 percent of the company. More importantly, though, for the story of flagging local American journalism in a time of great societal stress, its a triumph of capital over community. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. 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. 1615 L St. NW, Suite 800Washington, DC 20036USA Copyright 2023 InfluenceWatch. AllSides has rated over 1,400 sources. 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. Read our research on: Congress | Economy | Trust in Media, While Pew Research Centers recent report on media polarization and the 2020 election found that many Democrats and Republicans differ from each other in their sources of news, about one-fifth of those in each party are in a more isolated kind of media bubble getting political news in a given week only from outlets predominantly used by people who align with them politically, according to data from the Centers Election News Pathways project. There was an error submitting the form. 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. {{cite web Doctor, K. (2017, Feb. 23). A day after Mr Albanese accused him of neglecting older Australians, Mr Morrison is set to announce an increase in the singles income test threshold from $57,761 to around $90,000 from July 1 this year to broaden access to the concession card. According to the GateHouse website, the company owns the largest number of daily newspapers in the country. New Media owns 152 daily publications including The Palm Beach Post, The Columbus Dispatch, The Oklahoman andAustin American-Statesman as well as284 weekly newspapers. In total, 20% of all Democrats and independents who lean Democratic get political news only from outlets with left-leaning audiences. 1:02. 15, Since 2013 GateHouse Media has been an operating company of New Media Investment Group. The study asked about use of, trust in, and distrust of 30 different news sources for political and election news. 16 In 2013 GateHouse was restructured in a chapter 11 bankruptcy, with New Media created by GateHouses then-creditors to become the new owner. 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. "So you kind of wonder which long-term shareholder is selling down here and what does that mean for the vote?" (+1) 202-857-8562 | Fax USA Today was moved from "Center" to "Lean Left" in July 2021 after an AllSides Editorial Review. Don't idle: How often should I start my car and let it idle in cold weather? Is the bloom off this fast-growing flower? Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Mario Tama/Getty Images. 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. Admittedly, not all fund managers have a political bias. Political Alienation Driving Voter Involvement? But there's one caveat: Some large investors in New Media appear to have sold off shares earlier this week, he noted. 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. 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. The companies, which have grappled for years with a decline innewspaper circulation and advertising, believe they will be stronger together. 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. Democrats report much higher levels of trust in a number of news sources than Republicans, 2. Lets focus on what we can beat them at, and thats being local and selling business owners something that they need terribly, that they want. 24, Central to this strategy is UpCurve, New Medias enterprise services division. 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. 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. Media Bias Ratings Media Bias Chart Fact Check Bias Chart Methodology Perspectives Blog Bias 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. Both companies have said they want to pay off the debtquickly. Finally, there is a modest gender gap between Democrats and Republicans who only get political news from sources with like-minded audiences. "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. 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. It looked like head-turning news: A Japanese company had taken control of one of Americas largest newspaper chains, New Media Investment Group, a.k.a. "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. Greater portions of Democrats express trust than express distrust in 22 of the 30 sources asked about. Far Left Unless otherwise noted, our bias ratings are based on online, written content, not TV or radio content. Nieman Journalism Lab. 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. 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. 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. 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. 44. Republicans lower trust in a variety of measured news sources coincides with their infrequent use. At the same time, the gap is less pronounced among the more moderate segments in each party. "Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition." 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. 38, In July 2018, Liz Beavers, the managing editor of the Mineral Daily News-Tribune in Keyser, West Virginia, posted a response to a reader who had complained that the GateHouse newspapers editorial cartoons had been slanted against President Trump and Republicans. We are a non-partisan, non-factional publication. Wealthy investors grow anxious: High net worth investorsbracefor a stock drop. Some SEC filings can help us find some clarity. Have news media CEOs said anything about a president who loudly accuses their people and companies of dishonesty? 6, New Media also owns subsidiaries that provide enterprise services to other businesses. New Media, with assets of $1.3 billion, is a relative pimple on the body Fortress $70 billion in asset management. The Republican district projects account, stunningly, for nearly four-fifths of the total clean energy investments that have been announced. 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. GateHouse Media. 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 answer, of course, isnt singular. About this time in every election cycle analysts become starved for data to analyze. For example, three-quarters of conservative Republicans trust Fox News, while just about half (51%) of moderate or liberal Republicans do. 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. Retrieved May 2, 2023, from https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/. Everyone who took part is a member of Pew Research Centers American Trends Panel (ATP), an online survey panel that is recruited through national, random sampling of residential addresses. Accessed May 2, 2023. https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/. "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. For that work, it gets paid, and well do that math below. 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. 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. 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. Make no mistake: The New Media playbook has been executed well. 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. 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. Thats a good business story. One takeaway: The greatest likelihood coming out of the Fortress sale, at least in the short term, is steady as she goes. To prevent automated spam submissions leave this field empty. Tuesdays headline: Robotics and tech firm SoftBank Japan purchases newspaper company GateHouse Media. Numbers, Facts and Trends Shaping Your World, U.S. Media Polarization and the 2020 Election: A Nation Divided, Next: 1. (See here for details about the ideological composition of news outlets audiences.). An extra 50,000 older Australians would get access to the Commonwealth Seniors Health Card if the Morrison government is re-elected. 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. 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.) One factor is that getting news from a source does not always mean trusting that source. 22, Unlike traditional print media organizations, advertising and circulation growth are not the revenue model New Media has been built to rely upon for the long term. Now it becomes part of an even larger portfolio, as Softbank emerges, post-acquisition with about $170 billion in managed assets. Launched on 9/1/2020, NewsNation Now was a nightly 3-hour-long news program broadcast on WGN America. GOP Support Rises, With Inflation Driving Voters, Most Catholic Voters Dont Share Presidents Priorities, Heritage Action Super PAC Targets Beasley in NC. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Its the cutbacks at the smaller papers the roots of the pre-Fortress GateHouse chain that may be most telling. 12 By the start of 2019, it published 146 daily newspapers with a combined paid circulation of 1.6 million. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Traditionally, the Heritage Foundation writes policy papers. Pew Research Center does not take policy positions. These controversial charts claim to show the political lean and credibility of news organizations. Answer: Don't. You can also find the questions we asked, and the answers the public provided, in this topline. What do voting Americans know? 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. Nieman Journalism Lab. Only featured sources are shown by default. He said the PBS was another of the great Australian institutions established by Labor and proof of his partys commitment to universal health care. 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. 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. 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. His words. None of those markets could afford that person on their own, because of revenue trends. For example, Republicans who get news only from outlets with right-leaning audiences tend to be more conservative, embrace Donald Trump more warmly and rely on Fox News more extensively than Republicans in general. Sam Brownback and his fellow ultraconservatives for cutting the state income taxes in 2012. Knowing the political bias of media outlets allows you to consume a balanced news diet and avoid manipulation, misinformation, and fake news. 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. As of the close trading on Wednesday, theacquisition offer was worth about $1.13 billion. They find its dividend just increased to 35 cents per quarter attractive. Though its outdated site leaves out acquisitions made years ago, the company now owns more than 130 dailies. 33 34. The couples threshold will also increase from $92,416 to $144,000. Individuals have preferences, life experiences, and one of those preferences that may affect their decision-making is partisan bias.
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