Economic News

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

Media Deals in the Works?

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Article in the Washington Post by Eric Wemple, 4/14/25

Headline:  “Has the media made any deals with Trump?  I answered your questions”

Subhead:   “From Erik’s Q&A on the media with readers from  Monday, April 14”

“Are the DOGE job losses similar to the newspaper industry’s?

“I’m a former newspaper executive who faced laying off my share of staffer for almost a decade. The DOGE cuts have felt eerily similar to the news industry’s cuts and have left me feeling uneasy about my former role. Tell me if I’m right for feeling guilty or tell me what are the differences  between DOGE tactics and the news industry’s? . . .”

Check-to-Check Financial News

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Article in The Guardian by Zach Vasquez, 4/12/25

“Check-to-Check Business News Channel offers ‘financial news to regular folk living paycheck to paycheck’. Whereas the S&P means nothing to the hosts or their audience, other signs – such as ‘candy bars are up from ‘sure, baby, to “put that back” ‘, are dire signs. Meanwhile, healthcare spending remains at zero, while millions of Americans are investing in healthcare alternatives such as ‘just lay down, take an Advil, or just pray it goes away’.”

https://www.theguardian.com/tv-and-radio/2025/apr/13/saturday-night-live-jon-hamm-host

https://www.youtube.com/watch?v=xAKznUoQa-I&t=9s

 

Money-Truth on the Radio

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Article in Columbia Journalism Review by Josh Hersch 4/11/25

Headline:  “Kai Ryssdal Was America’s Economic Voice of Reason This Week”

Subhead:  “The Marketplace host on Trump’s economic policies, and telling it like it is.”

“Kai Ryssdal has been the host of Marketplace, a leading daily radio show and podcast about the economy, produced by American Public Media, since 2005.

“He delivers the news—from the bitter latest on our 401(k)s to unexpected interviews about the modern-day resurgence of train robberies—with an affable, direct tone. . .”

“This week on The Kicker, Ryssdal explains what, exactly, just happened with the economy, and why he feels it’s so important for Marketplace to call it like they see it. . .”

https://www.cjr.org/kicker/kai-ryssdal-marketplace-trump-economy.php

Windfall for Some Media Giants?

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Article in Free Press by Staff, 4/10/25

Headline:  “Kill the Bill: Press Group Fights Oregon Measure on Payment by Tech Firms”

“Free Press Action noted that the bill would divert millions into the pocket of corporate media giants and incentivize tech platforms to block local news content entirely.”

https://www.mediapost.com/publications/article/404954/kill-the-bill-press-group-fights-oregon-measure-o.html

Lost Money in the Market? Media’s Fault!

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Article in Daily Mail by Karelyn Caralle, 4/9/25

Headline:  “Karoline Leavitt tears into media for missing Trump’s ‘art of the deal’ after stunning tariffs U-turn: Live updates”

“White House spokeswoman Karoline Leavitt said the media was responsible for tanking global markets and leaving tens of millions of everyday Americans fearing for their jobs – not Donald Trump’s tariffs. . .”

https://www.dailymail.co.uk/news/article-14587733/donald-trump-china-tariff-trade-war-104-stock-market-live-updates.html