Economic News

Paid, Can’t Media Play Now

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Headline: ” Top Forbes editor reportedly fired after receiving $6m from business associate”

Subhead: “Randall Lane left his job last month after accepting money from founder of firm that does business with magazine”

“The top editor of Forbes left his job last month and was reportedly dismissed for accepting $6m from the founder of a firm that does business with the magazine.

“The New York Times reported this week that Randall Lane was paid by RJ Shook, whose company, Shook Research, worked with Forbes since 2016 to publish rankings of wealth advisers. . .”

Read the full article at:

https://www.theguardian.com/media/2026/aug/13/forbes-editor-fired

Pay Money Get Info?

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Article in Al Jazeera by Staff and AP, 8/12/26

Headline:  “Media groups sue Trump over paid access to public social media posts”

Subhead:  “Lawsuit claims Trump profits unfairly by charging up to $100,000 monthly for exclusive access to presidential posts.”

“The publication The Intercept and the nonprofit Freedom of the Press Foundation have filed a federal lawsuit against United States President Donald Trump to block his social media service from selling advance access to his posts.

“Court filings on Wednesday argue that the subscription-based service would restrict access to matters of public interest. . .”

“Critics have pointed out that Trump uses his Truth Social account to announce policy changes that could have effects on the economy. Trump’s comments, for instance, about the US-Israel war on Iran have sent ripples through global oil markets.”

Read the full article at:

https://www.aljazeera.com/economy/2026/8/12/media-groups-sue-trump-over-paid-access-to-public-social-media-posts

Pay for NBC News Now?

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Article in Status by Oliver Darcy, 8/10/26

Headline: “The Peacock’s Paywall”

Subhead:  “NBC News once vowed to keep its journalism free, but the news outlet is now putting its exclusive and enterprise reporting behind a digitral paywall — and not everyone inside the company is thrilled, Status has learned

“Last February, NBC News Group boss Cesar Conde announced a major initiative in an internal meeting: a subscription service for NBC News. Until then, NBC News had proudly championed the fact that it made its reporting free. . . ”

Read the full article at:

https://www.status.news/p/nbc-news-paywall-subscription-service

Rt. Media Burrito Rage!

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Article in Media Matters by Jack Winstanley, Gideon Taaffe & Hanne MacDonald, 8/11/26

Headline:  “Right-wing media’s affordability burrito brawl”

Subhead:  “After a post complaining about a $20 burrito went viral, some right-wing figures accused those dismissing concerns about affordability of “giving the finger to voters” and driving them ‘into the arms of the socialists’ ”

“Last week, Turning Point USA’s Andrew Kolvet’s post about a college student noting the high price of a burrito sparked a debate among conservative commentators over whether food affordability is a real issue for voters.

“While some dismissed concerns over an expensive burrito, advising those complaining to ‘cry me a river’ and cook food at home, other right-wing personalities noted such responses were equivalent to ‘giving the finger to voters’ and accused those commentators of “trying to gaslight us into being happy that it’s unaffordable.”

Read the full article at:

https://www.mediamatters.org/daily-wire/right-wing-media-figures-push-back-other-conservatives-mocking-concerns-about

Media Sinking Into the Swamp?

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Article in AP by Bernard Condon, 8/10/26

Headline:  “Trump media company announces a massive loss and new turnaround effort”

“The president’s media company posted a massive loss in the second quarter and announced plans to ditch new business lines and refocus as a forum for users to post their views.

“Trump Media & Technology, the company behind the Truth Social platform, said Monday that it lost $238 million in the three months through June as it branched into businesses unrelated to media, including crypto. That was more than 10 times the loss from a year earlier. The per-share loss widened to 86 cents from 8 cents. . .”

Read the full article at:

https://apnews.com/article/truth-social-media-trump-djt-crypto-e86747f01cc12dbee0146c5f0e79012b

WaPo Slowly Going Under?

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Article in The Guardian by Jeremy Barr, 7/31/26

Headline:  “Washington Post’s opinion editor resigns after just one year in role:

Subhead:  “Adam O’Neal did not give reason for his departure at end of August in another major shakeup at US publication”

“The Washington Post had realized a state of relative calm in the five months since the paper was turned upside down in February, when nearly half the newsroom was laid off and its unpopular publisher, Will Lewis, abruptly resigned.

“But on Friday, staffers were shocked to find out that Adam O’Neal, a millennial hired last year to lead its opinion section, was already leaving. . .”

Read the full article at:

https://www.theguardian.com/media/2026/jul/31/washington-post-opinion-editor-resigns-adam-oneal

Covering a Local Disaster

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Article in Poynter by Amaris Castillo, 7/24/26

Headline:  “When the Boundary Waters burned, local journalists answered the call”

Subhead:  “As wildfires spread through one of America’s most cherished wilderness areas, small Minnesota newsrooms became essential for residents and visitors”

“. . .The Boundary Waters Canoe Area Wilderness spans more than 1 million acres of forests, glacial lakes and streams in northeastern Minnesota. It is one of the nation’s most cherished wilderness areas. . .”

“As firefighters battled the blazes in an area that is already hard to access, local journalists mobilized to provide their audiences with up-to-date information. . .”

Read the full article at:

https://www.poynter.org/reporting-editing/2026/boundary-waters-wildfires-local-journalism-minnesota/

 

News Orgs vs. AI

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Article in UPI by Stephen Feller, 7/9/26

Headline:  “News organizations call for legal sanctions against OpenAI”

“More than a dozen news organizations asked a court to sanction OpenAI for withholding evidence in lawsuits filed against the company for copyright infringement.

“The New York Times, New York Daily News, The Intercept and 14 other news organizations asked a federal court on Thursday for sanctions against the artificial intelligence company for lying about its ability to provide data showing how it has used copyrighted material to train its models.

The companies had sued OpenAI for violating copyright law by using their content to create a secondary product — its AI models — without paying for it, The New York Times and Variety reported. . .”

Read the full article at:

https://www.upi.com/Top_News/US/2026/07/09/news-organizations-file-sanctions-openai-copyright-infringement/5221783621572/

Media Say People Envy the Gold?

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Article in The Guardian by Arwa Mahdawi, 6/30/26

Headline:  “Doubt that Elon Musk ‘earned’ his trillion? Rightwing media says you’re in an ‘impotent envy cult’ “

Subhead:  “The lovefest from Musk’s conservative fans completely overlooks the unscrupulous tactics behind his immense wealth”

“. . .The National Review dismisses anyone who questions Musk’s wealth as being part of ‘an impotent envy cult’. Per the National Review: ‘There are such things in history as great men, and Musk is one of them.’ The Los Angeles Times (owned by another billionaire born in South Africa) is similarly enthusiastic; columnist Jonah Goldberg explained that Musk’s trillionaire status ‘is a good thing, actually’ because the economy is not a ‘static pie’: innovation grows the pie, meaning more pie for everyone. . .”

“Are you wondering where your slice is? Or how the world’s richest people have claimed, according to Oxfam, more of this pie than half of humanity?. . .”

Read the full article at:

https://www.theguardian.com/global/commentisfree/2026/jun/30/elon-musk-trillion-rightwing-media

Buying President – Media Empire Victory?

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Article in The Nation by Jeet Heer, 6/29/26

Headline:  “For Larry Ellison, Buying Trump Is the Bargain of the Century”

Subhead:  “The billionaire has gotten media dominance and cozy government deals for what amounts to chicken feed.”

“For most people, $45 million is a staggering sum of wealth, enough to satisfy all their dreams of avarice and more. But for tech plutocrat Larry Ellison, $45 million is just a drop in the bucket.  . . To put that in perspective, for someone with $200 billion, spending $45 million is the equivalent of a person with a net worth of $200,000 spending $45. In other words, it’s chicken feed rather than real money. And it was all Ellison needed to get in Donald Trump’s good graces. . .

Read the full article at:

https://www.thenation.com/article/politics/larry-ellison-trump-corruption/