Consequently, individual investors need to beware when choosing between actively managed funds and index funds. Thats about a tenth of all the 1,375 dailies in the country. 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. 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. Why Fidelity and Vanguard are afraid of politics - MarketWatch 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. New Media owns 152 daily publications including The Palm Beach Post, The Columbus Dispatch, The Oklahoman andAustin American-Statesman as well as284 weekly newspapers. 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. If the president attacked any other industry, what would the response be?. 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. 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. Half as many Democrats in a left-leaning audience news bubble (30%) say the same thing. How much are their once-robust newspapers, especially across the kinds of heartlands that New Media serves, helping them separate fact from fiction? 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. 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." Mario Tama/Getty Images. Political Alienation Driving Voter Involvement? New Media shareholders would own 50.5% of the combined company, while Gannett stockholderswould own 49.5%. While money and politics have always . 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.. Pew Research Center is a subsidiary of The Pew Charitable Trusts, its primary funder. Its dailies like GateHouses most of them in smaller cities of the country that now demand new scrutiny out of this election. To analyze these survey questions by additional media habits and demographic characteristics, visit the interactive tool and access the dataset. 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. He said the PBS was another of the great Australian institutions established by Labor and proof of his partys commitment to universal health care. In August 2019, it was announced that New Media Investment Group had reached an agreement to merge Gannett into GateHouse Media. Gannett had about 16,980 employees at the end of 2018, while GateHouse had about 10,638 employees, according to their securities filings. 13 It also has 331 weekly newspapers, and in total has a print media footprint in 37 states. The managers and the investors are the victors, the readers and the journalists the losers. All rights reserved. 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? And, like other buyers, it recognized that so much of newspapers remaining trade value is in their tangible real estate. We are a non-partisan, non-factional publication. The idea that Americans are polarized . 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). (+1) 202-419-4372 | Media Inquiries. An extra 50,000 older Australians would get access to the Commonwealth Seniors Health Card if the Morrison government is re-elected. AllSides has rated over 1,400 sources. 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. 44. The group found that two dozen House Republicans hold. If LAS VEGAS - Shortly after 1 a. m. PST loud cheering rang out in a section of the Red Rock Casino Resort and Casino, the site of a Nevada GOP Trump Announces 2024 Run For President: "This Is Not A Task For A Politician", DeSantis Responds To Trump Criticism: "Go Check The Scoreboard From Last Tuesday", Dem Rep. Ruben Gallego: If Kari Lake Wants To "Wallow" And Not Admit Defeat, Good, "You're Just A Loser", Sen. Josh Hawley: 2022 Election "Was The Funeral For The Republican Party As We Know It", NBC's Vaughn Hillyard: Kari Lake's Campaign Felt Like a Test Run Of Trump's 2024 Campaign, And She Failed, Ted Cruz: Would Be "Nuts" For Senate Republicans To Keep The Same Leadership After Midterm Failure, McConnell: "I Never Predicted A Red Wave," We Underperformed Because Of People In Our Party "Involved In Chaos", DSCC Chair Gary Peters: We're Going To Support Warnock "Very Aggressively" In Georgia Runoff, Democrats Defy Expectations or Republican Disaster? While the companys $800 million market cap is impressive, with fewer newspaper properties, it could claim a $1.12 billion valuation in early 2015. 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. Michael Reed, also with professional experience managing in the newspaper industry, is the CEO of New Media and was previously the CEO of GateHouse. 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. 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. Photo of Donald Trump and SoftBank CEO Masayoshi Son at Trump Tower December 6, 2016, by AP/Andrew Harnik. As Fortress restructured, it began put together its investment pools four years ago. 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. 2023 CNBC LLC. Its a project of the Nieman Foundation for Journalism at Harvard University. 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. New Media Investment Group owns and GateHouse manages the Austin American-Statesman, the Columbus Dispatch, and The Oklahoman, among other prominent publications. To my surprise, Beavers wrote, he [the GateHouse staffer] also agreed that the material they provide has definitely been slanted. 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. There is some overlap in news sources, but determining the full extent of that overlap can be difficult to gauge. Data is a real-time snapshot *Data is delayed at least 15 minutes. USA Today American daily newspaper that provides both news and entertainment coverage. For investors, that can be expensive, as those biases can cause performance to suffer. Institutional and mutual fund shareholders, including Vanguard, T. Rowe Price, Wells Fargo, and Black Rock Fund own at least 70 percent of the company. 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. Heres what you need to know, Rana Plaza tragedy in 2013 a wake-up call for consumers. | date = 23 February 2017 New Media Investment Group, Inc. is a development stage company. Americans are divided by party in the sources they turn to for political news, 3. GateHouse Media. If shareholders vote in favor of the combination, the two companies are expected to close the transaction soon afterward. 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. And with a market value of $800 million, it stands second only to Gannetts ($1 billion) among public newspaper firms. 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. The Coalitions popular support remained steady at 36 per cent, continuing a trend from late last year. New Media, with assets of $1.3 billion, is a relative pimple on the body Fortress' $70 billion in asset management. All Rights Reserved. (See here for details about the ideological composition of news outlets audiences.). 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. Is the bloom off this fast-growing flower? The answer, of course, isnt singular. 15, Since 2013 GateHouse Media has been an operating company of New Media Investment Group. 1945 - 19fortyfive.com - Media Bias/Fact Check Should you trust media bias charts? - Poynter 1615 L St. NW, Suite 800Washington, DC 20036USA 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. Political Biases Of Investment Managers | Seeking Alpha The chain GateHouse Media Inc., which owns small-town dailies and weeklies in 36 states, has been at least until recently also controlled by a New York hedge fund, Fortress Investment Group and its subsidiary, Newcastle Investment Corp. 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. Michael E. Reed - InfluenceWatch - InfluenceWatch 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. Moderator questions. Pew Research Center does not take policy positions. 27 This division posted revenue of $45.7 million in 2018, an increase of 58 percent over 2017. 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. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. "So you kind of wonder which long-term shareholder is selling down here and what does that mean for the vote?" The company was founded on June 18, 2013. All Rights Reserved. There is also evidence that suggests that these partisan divides have grown over the past five years, particularly with more Republicans voicing distrust in a number of sources. Some SEC filings can help us find some clarity. Center-rated outlets may omit important perspectives. 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. And he assured me they are now looking into a more conservative cartoonist to add to the mix. 39. | last = Doctor If you value transparency, help fund our media bias research. 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. 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. Doctor, Ken. That data was used to determine the fund managers' and executives' political leanings based on their net donations. 37 During Februrary the editors criticized former Republican Gov. Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey. 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%). Acknowledgments: The Election News Pathways project was made possible by The Pew Charitable Trusts. While Fortress doesnt own NEWM, its management drove the companys astounding growth after the GateHouse bankruptcy in 2013. 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. Far Left | accessdate = 2 May 2023 Launched on 9/1/2020, NewsNation Now was a nightly 3-hour-long news program broadcast on WGN America. 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. Here's what you need to know about them. What do voting Americans know? 0:04. It was later revealed that Republican donor Sheldon Adelson was the owner of the News Media Investment Group. 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. 12 By the start of 2019, it published 146 daily newspapers with a combined paid circulation of 1.6 million. Democrats overall are still somewhat younger than Republicans, but to a far lesser degree (59% are ages 18 to 49 vs. 46% of Republicans). For commercial use, or to request this data as a CSV or JSON file, contact us. Critics of such management contracts point to the increased overhead they bring to news enterprises that badly need reinvestment. New Media Investment Group to Acquire Gannett | Business Wire Accessed May 2, 2023. https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/. Clear age and education differences also emerge between the two groups in ways that create greater gaps than in the parties overall. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. There are just six sources with right-leaning audiences, including Fox News, Breitbart and Rush Limbaughs radio talk show. In total, 20% of all Democrats and independents who lean Democratic get political news only from outlets with left-leaning audiences. 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. (+1) 202-419-4300 | Main Among Democrats in the left-leaning audience news bubble, 90% say they have very cold feelings about him (ratings between zero and 24). Media Bias Ratings Media Bias Chart Fact Check Bias Chart Methodology Perspectives Blog Bias The Republican district projects account, stunningly, for nearly four-fifths of the total clean energy investments that have been announced. 25 This division produced $95.8 million in revenue for 2018, an increase of 34.4 percent over 2017. Nieman Foundation for Journalism at Harvard, 23 Feb. 2017. | url = https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/ Thats a lot of new potential profit and another potential reason for news industry leaders to keep their mouths shut. As of the close trading on Wednesday, theacquisition offer was worth about $1.13 billion. Individuals have preferences, life experiences, and one of those preferences that may affect their decision-making is partisan bias. Progressive Left: Liberal, educated and majority White; most say U.S 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. That includes 40 jobs cut at the Providence Journal, a paper GateHouse bought from Belo in 2014. Web. According to the GateHouse website, the company owns the largest number of daily newspapers in the country. For those searching out nefarious conspiracy in the news media ownership world, this initial GateHouse conspiracy story may be a disappointment. 2023. 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? Creative Commons Attribution-NonCommercial 4.0 International License. 26, Similarly, GateHouse Live is an event production company targeted to the communities and businesses served by New Medias print publications. (+1) 202-857-8562 | Fax 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. 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. 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. Both CEO Mike Reed and CFO Greg Freiberg draw their compensation from Fortress; COO Kirk Davis is a New Media employee. This initiative is a collaborative effort based on the input and analysis of a number of individuals and experts at Pew Research Center. NewsNation - Media Bias/Fact Check Democrats levels of trust and distrust in media sources have changed considerably less than Republicans during this time span. 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. Where does the acquisition money come from? 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. Make no mistake: The New Media playbook has been executed well. Finally, there is a modest gender gap between Democrats and Republicans who only get political news from sources with like-minded audiences. 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. And of the 23% of Democrats who got political news from Fox News in the past week, nearly three-in-ten (27%) distrust it. The new company would take on the Gannett name and headquarters in McLean, Virginia. 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. 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%). 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. 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. They also are likely to live in the same geographic areas. We examine responses based on party identification to see whether Republicans and Democrats are turning to similar, or different, sources of information. 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. Biden Job Approval Not Much. Please try again.