Economic News

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/

Quitting Media Work?

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Article in Poynter by Megan Griffith-Greene & Tony Atkins, 6/17/26

Headline: “Should I stay or should I go? How to decide whether it’s time to leave your journalism job”

Subhead:  “The news about the news is looking grim. Here are a few things to consider if you’re thinking about making a major career change”

“The media industry has been messy lately. Consolidation, layoffs, ownership priorities and public disputes seem to be making as much news as the actual news. The instability — and all the spilled media tea — leaves a bad taste.

“If you’re working through that instability, how do you evaluate whether it’s worth it to stay, or whether it’s time to move on?. . .”

Read the full article at:

https://www.poynter.org/business-work/2026/should-i-leave-my-journalism-job/

Stormy Time for Media Matters

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Article in Status by Oliver Darcy, 6/8/26

Headline::  “Media Matters’ Musk Mayhem”

Subhead:  “The progressive media watchdog has been forced to undergo layoffs and take other cost-cutting measures as it continues to battle the “dark MAGA” billionaire in a costly legal war, Status has learned.”

“In March of this year, an uncomfortable reality dawned on Angelo Carusone, the president of Media Matters, and the non-profit’s leadership team. As he examined the progressive media watchdog’s finances, which had come under enormous strain over the last year amid a costly legal war waged by Elon Musk, Carusone concluded that he would need to make some difficult cuts to the organization. . .”

Read the full article at:

https://www.status.news/p/media-matters-elon-musk-lawsuit-layoffs

Rt. Wing Media – No Oil Spike

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Article in Media Matters by John Knefel, 6/4/26

Headline:  “Oil executives warn of imminent price spike as right-wing media downplay risks”

Subhead:  “Conservative media figures have spent months trying to reassure their audiences that gas prices are going to come down any day now”

“Oil executives reportedly have warned the Trump administration that the Iran war is likely to cause global energy prices to skyrocket in the coming weeks, contrary to promises from right-wing media figures that the conflict will actually lower fuel costs or that any rise would be short-lived.

“According to Politico, Iran’s ongoing closure of the Strait of Hormuz ‘is steadily draining inventories to levels that are likely to send global energy prices surging in the next several weeks’ in ‘what has become the biggest disruption in crude oil flows ever’. . .”

Read the full article at:

https://www.mediamatters.org/us-iran-relations/oil-executives-warn-imminent-price-spike-right-wing-media-downplay-risks

 

Media Missing Stock Trades?

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Article in Daily Kos by Oliver Willis, 5/20/26

Headline:  “Major news outlets are ignoring Trump’s shady stock trades”

“The mainstream media has largely ignored a report detailing how Donald Trump has consistently publicly touted companies in his role as president while quietly buying up their shares.

“On Monday, Judd Legum of the Popular Information newsletter published an investigation correlating Trump’s financial disclosure filings with his public statements. And he found a pattern: Trump praises companies or visits their facilities while purchasing their stock. . .”

Read the full article at:

https://www.dailykos.com/stories/2026/5/20/800041940/media/media-ignoring-trumps-shady-stock-trades/