Economic News

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/

Sinking Media Outlet?

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Article in AP by Staff, 6/23/25

Headline:  “With its stock in sharp decline, Trump’s media company will buy $400 million of its own shares”

“President Donald Trump’s media company plans to buy back up to $400 million of its stock, which have lost 46% of their value this year. . .”

“The company said early this year that it lost $400.9 million in 2024 and its annual revenue declined 12% to $3.6 million.

“After winning the U.S. presidential election in November, Trump transferred all of his shares in the company — worth around $4 billion on paper — as a gift to the Donald J. Trump Revocable Trust. Trump’s shares amounted to more than half of the company’s stock. . .”

Read the full article at:

https://apnews.com/article/trump-media-buyback-stock-truth-social-385a1389bbc8508477fb272a4bfcf179

AI Journalism / Ghost Books

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Article in Slashdot by Anonymous, 6/2/25

Headline:  “Business Insider Recommended Nonexistent Books To Staff As It Leans Into AI”

“Business Insider announced this week that it wants staff to better incorporate AI into its journalism. But less than a year ago, the company had to quietly apologize to some staff for accidentally recommending that they read books that did not appear to exist but instead may have been generated by AI. . .”

“. . .But a few were unfamiliar to staff. Simply Target: A CEO’s Lessons in a Turbulent Time and Transforming an Iconic Brand by former Target CEO Gregg Steinhafel was nowhere to be found. Neither was Jensen Huang: the Founder of Nvidia, which was supposedly published by the company Charles River Editors in 2019. . .”

Read the full article at:

https://news.slashdot.org/story/25/06/02/1537210/business-insider-recommended-nonexistent-books-to-staff-as-it-leans-into-ai

Media Missing Something?

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Article in The New Republic bu Michael Tomasky, 4/25/25

Headline:  “Trump Just Did the Most Corrupt Thing Any President Has Ever Done”

Subhead:  “He’s using the White House to get rich from anonymous investors—and it’s hardly even a news story.”

“Imagine that Joe Biden, just as he was assuming office, had started a new company with Hunter Biden and used his main social media account to recruit financial backers, then promised that the most generous among them would earn an invitation to a private dinner with him. . . .”

“Take a minute, close your eyes. Let yourself see Jim Jordan’s face go purple in apoplexy, hear the moral thunder spewing out of Jesse Watters’s mouth, feel the shock (which would be wholly justified) of the New York Times editorial board as it expressed disbelief that the man representing the purported values and standards of the United States of America before the world would begin to think it was remotely OK to do such a thing. The media would be able to speak of nothing else for days. Maybe weeks. . .”

https://newrepublic.com/post/194420/trump-memecoin-dinner-corrupt-president

 

Rt, Wing Listeners Flying Away

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Article in Media Matters by Gideon Taaffem 4/17/25

Headline:  “Callers to conservative radio shows voice their displeasure with Trump’s tariffs”

Subhead:  “Caller: ‘To me, this is just reckless, and I’m so angry. I’ll be darned if I’ll vote for another Republican again.’ ”

“Conservative radio listeners have been vocal about their displeasure as President Donald Trump’s tariffs created economic uncertainty and sent stock markets plunging.

“Though many right-wing media figures have dismissed the stock market volatility and praised Trump’s tariff policy, some listeners of right-wing radio shows were displeased, calling in to pronounce it ‘reckless,’ ‘sloppy,’ and ‘the single biggest, dumbest move in political history’. . .”

https://www.mediamatters.org/tariffs-trade/callers-conservative-radio-shows-voice-their-displeasure-trumps-tariffs