Economic News

Media Uber Alles

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Article in The Nation by Steve Scherer, 3/20/26

Headline:  “Correspondent to Uber Driver”

Subhead:  “I once documented human displacement and desperation. Now, due to a crumbling media ecosystem, I am living it.”

“. . .After serving as Reuters’s Ottawa bureau chief for five years, my job was eliminated in a cost-cutting drive. . .”

“As a correspondent who covered politics on two continents, I have seen politicians in other countries use immigrants as scapegoats. It’s always a deadly approach, especially for the immigrants. But Trump needs scapegoats to distract from the gaping wound that is the relentless shrinking of America’s once-great middle class. That social grouping once included me. But not anymore. . . .”

“South of the border, in the United States, more than 10,000 journalists lost their jobs between 2022 and 2024, according to Nieman Reports. . .”

“When I lost my job, I told myself, ‘If all else fails, I’ll drive for Uber.’ Well, here I am, and it’s not as comforting as I thought it would be. I used to think I was different from the migrants I wrote about—protected by a passport, a salary, a press badge. But the past two years have stripped away that illusion. . .”

Read the full article at:

https://www.thenation.com/article/society/from-foreign-correspondent-to-uber-driver/

Gambling With the News

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Article i in Columbia Journalism Review by Ivan L. Nagy, 3/11/26

Headline:  “Are Prediction Markets Actually Good for Journalism?”

Subhead:  “Dustin Gouker, the author of a Substack about prediction markets, says the media could benefit from keeping an eye on Kalshi and Polymarket.”

“By the time the US attacked Iran, on February 28, half a billion dollars had been wagered on Polymarket, one of the world’s top prediction markets, predicting when the strikes would happen. . .”

“Not long after the war started, Polymarket added a note to its Middle East markets. ‘The promise of prediction markets is to harness the wisdom of the crowd to create accurate, unbiased forecasts for the most important events to society,’ the company wrote. . . .”

Read the full article at:

https://www.cjr.org/the-interview/are-prediction-markets-actually-good-for-journalism-kalshi-polymarket-dow-jones-cnn.php

Indigenous Media in Trouble

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Article in Columbia Journalism Review by Liam Scott, 3/10/26

Headline:  “On Standing Rock, Local News Is Teetering”

Subhead:  “ ‘We are like living ghosts,’ the editor of the Teton Times said.”

“In January, the Lakota Times, a newspaper based in southwestern South Dakota, on Pine Ridge Indian Reservation, abruptly announced its closure, citing ‘unforeseen circumstances and health issues.’ Avis Red Bear, an Indigenous journalist based in McLaughlin, a small town in the center of the Standing Rock reservation, took the closure of the Lakota Times especially hard. . .”

“To other Indigenous journalists, Red Bear helped pioneer the importance of independent Indigenous media. ‘She stands as a beacon of tenacity and commitment to producing local news,’ said Jodi Rave Spotted Bear, founder of the Indigenous Media Freedom Alliance, which publishes the independent news site Buffalo’s Fire. . .”

Read the full article at:

https://www.cjr.org/analysis/standing-rock-local-news-teetering-teton-lakota-times-sioux-native-indigenous-media-avis-red-bear.php

Oily Media

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Article in Media Matters by Zachary Pleate, 3/10/26

Headline:  “Trump’s media allies embrace oil wars”

Subhead:  “Amid encouragement from right-wing media, Trump is reportedly considering seizing Iran’s oil”

“Soon after President Donald Trump launched his war against Iran, Fox News and Newsmax personalities began talking about the possibility of Trump taking control of Iran’s oil industry, and multiple news reports now say the administration is not ruling out such a move.

“This development follows months of encouragement from right-wing media figures to do a similar takeover of Venezuela’s oil industry, which Trump embraced after taking military action to depose President Nicolás Maduro. . .”

Read the full article at:

https://www.mediamatters.org/fox-news/trumps-media-allies-embrace-oil-wars

More Gloming Up Media?

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Article in Reuters by Milana Vinn & Dawn Kopecki, 2/17/26

Headline:  “Warner Bros rejects revised Paramount bid, but remains open to a final offer”

Warner Bros Discovery (WBD.O), opens new tab on Tuesday rejected Paramount Skydance’s (PSKY.O), opens new tab latest $30-a-share hostile bid, but gave the rival Hollywood studio seven days to submit a “best and final” offer to top an existing agreement to sell its businesses including HBO Max and “Harry Potter” franchise to Netflix.

“Paramount informally broached an even higher per-share price of $31, Warner Bros said, apparently enticing the board to the table. But its response to Paramount indicates Warner Bros prefers its deal with Netflix, and the odds of a switch are long. . .”

Read the full article at:

https://www.reuters.com/sustainability/sustainable-finance-reporting/warner-bros-rejects-paramounts-revised-offer-gives-studio-week-negotiate-better-2026-02-17/

CBS Still Shrinking

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Article in Poynter by Tom Jones, 2/13/26

Headline:  “Opinion | Buyouts signal growing fracture inside CBS News“

Subhead:  “Recent departures sharpen scrutiny of Bari Weiss’ vision”

“Unrest continues at CBS News.

“As I linked to in the newsletter earlier this week, the New York Post’s Alexandra Steigrad reported that about a quarter of ‘CBS Evening News’ staffers eligible for buyouts have chosen to take them ahead of possible impending layoffs under new CBS News editor in chief Bari Weiss. . .”

Read the full article at:

https://www.poynter.org/commentary/2026/buyouts-layoffs-cbs-news-bari-weiss/

Snipping at CBS?

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Article in Status by Oliver Darcy, 2/12/26

Headline:  “The Coming CBS News Cuts”

Subhead:  “As CBS News staff quietly brace for another round of layoffs, Status has learned key new details about the cuts executives are planning behind the scenes.”

“Last month, when Bari Weiss hosted her inaugural town hall with CBS News staffers, one topic was clearly on the minds of her anxious workforce: the prospect of more layoffs. CBS News had already made cuts in October as part of a broader workforce reduction at parent company Paramount. Dozens of staffers—though fewer than 100—were affected by that round.

“ ‘Are there more CBS News cuts coming?’ a CBS News staffer asked the new editor in chief at the town hall.

“Weiss did not answer directly. . .”

Read the full article at:

https://www.status.news/p/cbs-news-layoffs-bari-weiss

Surprise! – Layoff 1/3 of News Staff is Traumatic?

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Article in The Guardian by Jeremy Barr, 2/11/26

Headline:  “Washington Post editor acknowledges ‘genuine trauma’ over mass layoffs”

Subhead:  “Matt Murray defends paper’s strategy as ‘demoralized’ staffers ask tough questions in contentious town hall”

“Top Washington Post editor Matt Murray acknowledged “a widespread sense of loss, of genuine trauma” in a contentious town hall meeting with staff on Wednesday after the company laid off nearly a third of its employees a week ago – though he expressed confidence that the Post was now on a path to success.

“There’s no doubt that just the sheer depth of the cuts – and also, with that, the reality of what we face at the Post – has been a very hard thing to wrap our heads around and to grapple with,” Murray said, according to a recording of his remarks obtained by the Guardian. . .”

Read the full article at:

https://www.theguardian.com/media/2026/feb/11/washington-post-layoffs-matt-murray

WaPo Twisting Slowly. . .

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Article in Status by Natalie Korach, 1/28/26

Headline: “The Post’s Audience of One”

Subhead:   “As Jeff Bezos continues to snub The Washington Post, the mood inside the newsroom has darkened—though staffers are pressing on with not only public, but behind-the-scenes appeals to the billionaire, Status has learned.”

“Over the past several days, as reports about The Washington Post’s looming layoffs have reverberated throughout the industry, staffers on the newspaper’s sports desk have quietly begun receiving phone calls from the section’s leadership. In the private conversations, according to people familiar with them, management has all but encouraged journalists to start looking for jobs elsewhere. . .”

Read the full article at:

https://www.status.news/p/washington-post-staffers-cuts-jeff-bezos-campaign

Rt. Wing Media Doubting?

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Article in Media Matters by Matt Gertz, 1/13/26

Headline:  “The right-wing media backlash against the Jerome Powell probe”

“The Justice Department’s criminal investigation into Federal Reserve Chair Jerome Powell drew swift pushback from across right-wing media on Monday, as pundits typically aligned with President Donald Trump savaged the move as “lawfare for dummies” that would ‘make a martyr’ of its target. The widespread criticism emphasized the lack of a constituency for strong-arming the Fed into endorsing Trump’s policy agenda with apparent pretextual legal threats. . .”

Read the full article at:

https://www.mediamatters.org/fox-news/right-wing-media-backlash-against-jerome-powell-probe