Economic News

In the Shredder?

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Article in Daily Beast by Janna Brancolini, 10/6/25

Headline:  “Murdoch Paper Shreds Trump’s ‘Self-Destructive’ Fiasco”

“Rupert Murdoch’s Wall Street Journal blasted President Donald Trump’s tariff policy as “self-destructive folly” in response to plans to bail out farmers whose markets the administration has destroyed.

“Trump is considering a $10 billion relief package for soybean farmers, who have seen their sales plummet, thanks to the president’s trade war with China, which has hit American soybeans with a 23-percent import tax. . .”

Read the full article at:

https://www.thedailybeast.com/rupert-murdoch-paper-shreds-donald-trumps-self-destructive-tariff-fiasco/

 

Media Monopolies?

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Article in The New York Times, 9/11/25

Headline: “Paramount Plans Bid for Warner Bros. Discovery”

Subhead: “Any deal would further reshape the media industry, putting CBS News, CNN and two major movie studios under the same corporate umbrella.”

“. . .A merger of the two Hollywood giants would reshape the media industry, putting some of the most renowned news and entertainment brands under the same roof. It would unite two of the biggest movie studios and two of the most influential news networks, CBS News and CNN. . .”

Read the full article at:

https://www.nytimes.com/2025/09/11/business/media/paramount-warner-bros-discovery-bid.html

First Newspapers, Now Local TV

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Article in Poynter by Rick Edmonds, 9/2/25

Headline:  “Inescapable technology changes and a migrating audience have local broadcast news in trouble”

Subhead: “For years, local TV looked steady while newspapers flailed. Now the business model creaks, and the challenges feel uncomfortably familiar.”

“The scenario is familiar to any journalist who has worked at a newspaper in the last 15 years. The audience is moving away from the profitable old platform to a hot, new one. The outlet must adapt or at least try to. . .”

Read the full article at:

https://www.poynter.org/business-work/2025/is-business-broadcast-journalism-in-trouble/

Did Media Panic?

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Article in Mediaite by Ahmad Austin Jr., 8/28/25

Headline:  “CNBC Analyst Rips Media’s Trump Panic After Latest Jobs Report Turns Out Good: ‘Not Sending Any Smoke Signals’ “

“CNBC Analyst Rips Media’s Trump Panic After Latest Jobs Report Turns Out Good: ‘Not Sending Any Smoke Signals’ . . .”

“At the end of his report, Santelli noted how the drama surrounding President Donald Trump’s feud with the Federal Reserve — despite all the media attention — has had little impact on the economy itself. . .”

Read the ull article at:

https://www.mediaite.com/media/tv/cnbc-analyst-rips-medias-trump-panic-after-latest-jobs-report-turns-out-good-not-sending-any-smoke-signals/

Newspapers Ghosting in Rural Areas

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Article in The Guardian by Cy Neff, 8/22/25

Headline:   “Seven Wyoming newspapers were about to be shut. They were given a second life”

Subhead:  “A group of news execs stepped in to buy them, but across the US, 3,200 local news outlets have shuttered since 2005”

“Eight small towns across the vast rural state were reeling from the gut punch of the abrupt closures of their newspapers just a week earlier. Staff had woken up to an email from News Media Corporation (NMC) announcing the immediate closures of the printing presses. . .”

“The scene was not unique. According to the Local News Initiative, 3,200 local news outlets have vanished across the US since 2005. An estimated 55 million Americans do not have access to a local news source. . .”

Read the full article at:

https://www.theguardian.com/us-news/2025/aug/22/wyoming-newspapers-nmc-bought

Keeping Public Media From Drowning?

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Article in The Washington Post by Scott Nover, 8/19/25

Headline: “Foundations step in to offer $37 million lifeline to public media”

Subhead:  “The Knight, MacArthur and Ford foundations are among those pledging emergency funding after Trump’s rescission stripped federal funding from PBS and NPR stations.”

“Major philanthropic organizations said Tuesday that they are committing nearly $37 million in emergency funding to keep public media stations afloat after Congress passed President Donald Trump’s rescissions bill, which eliminated $1.1 billion in federal funding from PBS and NPR stations over the next two years. . .”

Read the full article at:

https://www.washingtonpost.com/business/2025/08/19/npr-pbs-foundations-funding/

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Article in Columbia Journalism Review by Steve Waldman, 8/20/25

Headline:  “What Will the Next Era of Public Media Look Like?”

Subhead: “After the demise of CPB, the industry has an opportunity to build more creative models for public support.”

“. . .In response, Knight, MacArthur, and several other foundations announced this week that they were funding a Public Media Bridge Fund to fill the absence of CPB. About a hundred TV and radio stations were receiving more than 30 percent of their revenue from CPB; many of those would be in danger of going dark. . .”

Read the full article at:

https://www.cjr.org/analysis/what-will-the-next-era-of-cpb-public-media-look-like.php

Branding Journalists?

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Article in Poynter by Sophie Endrud, 8/12/25

Headline:  “Young journalists are told to ‘build your brand.’ What does that even mean today?”

Subhead:  “In demystifying this catch-all phrase, professors, media executives and journalists of all types weigh in”

“Eager young journalists flock to summer coffee chats and tell-all panel events, looking for the precise tools to jump-start long and sustainable media careers. Instead, they are left stalled on this loaded, ambiguous piece of advice: “Build your brand.” ”

““Suddenly, having your own presence online, and thinking about what your brand is and how that might help you land your next job or create the next opportunity, or just create some security for you in this crazy industry, like that stuff starts to become really important,” said Craig Silverman, co-founder of Indicator. . .”

Read the full article at:

https://www.poynter.org/business-work/2025/young-journalists-are-told-to-build-your-brand-what-does-that-even-mean-today/

Economist Calls Out Media Lies

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Article in Raw Story by Daniel Hampton, 7/31/25

Headline: ” ‘Lies!’ Nobel economist Paul Krugman slams media for endorsing Trump’s ‘pure fantasy’ “

“Nobel-winning economist Paul Krugman unloaded Thursday on media outlets that he feels are failing to call out President Donald Trump’s ‘lies.’

“Krugman, who recently left The New York Times, citing editorial disagreements, took the opportunity to bash news outlets in a new piece published to his Substack.

“Krugman lamented that reporting on Trump’s trade deals are being misreported, pointing to a Times headline that reads, ‘Trump is winning his trade war. What will that mean for the economy?’ . . .”

Read the full story at:

https://www.rawstory.com/paul-krugman-2673797348/

Declining Newspapers Ads?

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Article in Poynter by Rick Edmonds, 7/31/25

Headline:  “Did Craigslist decimate newspapers? Legend meets reality.”

Subhead:  “Craig Newmark’s simple site was hailed as a disruptor and blamed for the collapse of classifieds. But journalism’s business failures ran deeper.”

“The decline of newspaper print classifieds and the ripple effects that gutted newsrooms began, by many accounts, in 1995. That’s when Craig Newmark invented Craigslist, the homely but oh-so-successful site that matches buyers and sellers, mostly for free, with only a few listings carrying a modest charge.

“Did Craigslist drive the downfall of print classifieds?

“ ‘I’ve always wondered about that,’ Newmark said in a Zoom interview July 1. ‘I think it had an effect.’

“But portraying him and the list as torpedoing an otherwise great business model is way overblown, he still believes. Citing an influential essay by Thomas Baekdal, Newmark contends that the root of newspapers’ trouble was the loss of readers. . .”

Read the full article at:

https://www.poynter.org/business-work/2025/did-craigslist-kill-newspapers-poynter-50/

TV Network Validates Climate Change

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Article in The Nation by Mark Hertsgaard, 6/26/25

Headline:  “CBS News Leans Into the Climate Connection”

Subhead:  “Since Trump’s election, the network has produced more than 60 stories on the climate crisis.”

For years, most TV newscasts have neglected to make the climate connection with the kind of extreme heat blasting much of North America this week. In the summer of 2024, for example, when record high temperatures brutalized outdoor workers, withered crops, and worsened hurricanes, only 12 percent of US national TV news segments mentioned climate change, though its role in driving such extreme heat has long been scientifically indisputable.

“This week, CBS News decisively broke that pattern. David Schechter, the network’s national environment correspondent, aired two pieces that left no doubt that the ghastly heat afflicting tens of millions of Americans is climate change in action. . .”

Read the full article at:

https://www.thenation.com/article/environment/cbs-news-climate-journalism/