In an unexpected twist, two conservative news networks — Newsmax and One America News Network— have come out in support of President Biden's progressive Federal Communications Commission (FCC) nominee Gigi Sohn, despite a broad conservative consensus against her.
Why it matters: If Sohn is confirmed, her appointment would give Democrats the majority they need to rewrite regulations for the communications sector. Some high-profile conservatives argue that could result in "censorship" against them.
Twitter co-founder and CEO Jack Dorsey is exiting the company he helped build at a time when its future has never been so uncertain.
Why it matters: The person who controls Twitter controls the de facto public square — with implications for politics, media and free speech.
New data shows that there's been a pullback from the historically high levels of media audience growth — and in some cases consumption — during 2020, pointing to signs of a slight "attention recession" in the past few months.
The big picture: The COVID-19 pandemic drove a once-in-a-lifetime surge in the attention economy online, but the gradual return of normal life in many places — along with media overload and exhaustion — has down-shifted consumption patterns.
Lee Enterprises on Wednesday said its board of directors unanimously voted to adopt a new measure that would make it harder for Alden Global Capital — a hedge fund known for consolidating local newspapers — to buy out the publicly-traded firm.
Why it matters: Lawmakers, local reporters and journalism advocates have been sounding the alarm over Alden's unsolicited bid. Alden is known for buying local newspaper companies and instituting deep cuts to squeeze profits.
STAT had a banner year in 2020, and executives say they expect continued growth for the foreseeable future.
Why it matters: "I've never for a moment worried about a post-pandemic dip because the past two years catapulted us into a whole new league in terms of readership, reach and our brand identity," said STAT co-founder and executive editor Rick Berke. "There's no turning back from what we were pre-pandemic."
Lawmakers, local reporters and journalism advocates are sounding the alarm over a takeover attempt of local newspaper group Lee Enterprises by Alden Global Capital, a hedge fund known for cutting journalists at local papers to maximize profits.
Why it matters: Roughly half of America’s daily newspapers are already controlled by investment groups. Alden's takeover would make it a clear majority.
The Washington Post has hired Miki King — the company's former chief marketing officer, who most recently served as the President of Genius Media Group — to run The Post's Arc XP software arm.
Why it matters: The hire underscores The Post's commitment to growing its software arm as a significant revenue stream to support its journalism.
Pressure from new publishing platforms has finally pushed newsrooms to create programs that give writers more pay, autonomy and flexibility. Those changes are attracting some independent writers back to traditional news companies.
Why it matters: The Substack threat to newsrooms was overblown. Newsrooms have been quick to react to the idea of the independent-operator model while journalists have been sharing its challenges or detailing why they decided to return to newsrooms.
The creator economy has produced thousands of social media entrepreneurs who have built mega-audiences in the millions — larger than many media companies. Often, they operate in parallel universes, with little overlap between platforms.
Why it matters: What differentiates social platforms is no longer their features, but their values and communities. What makes one person popular on one platform may not make them remotely interesting or influential on another.
NBCUniversal on Thursday announced that it had edged out rivals for the coveted rights to broadcast Premier League soccer games in the U.S. for the next six years.
Why it matters: The deal allows NBC to hold onto its existing Premier League rights, which will help the company drive subscribers to its streaming service Peacock.