Apr 17, 2018

FiveThirtyEight jumps to ABC News

Nate Silver. Photo by Slaven Vlasic/Getty Images for AWXII

FiveThirtyEight, the popular politics and news blog launched by statistics guru Nate Silver in 2010, is moving from Disney-owned ESPN to Disney-owned ABC News, the Wall Street Journal reports.

Why it matters: Transitioning the property to its sister network that's more news and politics focused, is a better fit for website than ESPN. President of ABC News James Goldston tells the Wall Street Journal that FiveThirtyEight is part of ABC News’ plans to enhance its political reporting ahead of the midterm elections.

The details: ABC will take on all of FiveThirtyEight's staff, with the exception of a few layoffs, per WSJ. Terms of the deal were not disclosed.

  • Reports over the past few months have suggested that ESPN was exploring several potential new owners for the blog, as it undergoes major digital changes of its own.

What they're saying: FiveThirtyEight founder Nate Silver tweeted that he is excited to work with ABC and "combine our strengths with theirs as we tackle the 2018 and 2020 elections and other news stories."

Go deeper

Situational awareness

Photo: Brett Carlsen/Getty Images

Catch up on today's biggest news:

  1. Mike Bloomberg offers to release women from 3 NDAs
  2. Wells Fargo agrees to pay $3 billion to settle consumer abuse charges
  3. Bloomberg campaign says Tennessee vandalism "echoes language" from Bernie supporters
  4. Scoop: New White House personnel chief tells Cabinet liaisons to target Never Trumpers
  5. Nearly half of Republicans support pardoning Roger Stone

Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.

Bloomberg offers to release women from 3 nondisclosure agreements

Mike Bloomberg. Photo: Brett Carlsen/Getty Images

Mike Bloomberg said Friday his company will release women identified to have signed three nondisclosure agreements so they can publicly discuss their allegations against him if they wish.

Why it matters, via Axios' Margaret Talev: Bloomberg’s shift in policy toward NDAs comes as he tries to stanch his loss of female support after the Las Vegas debate. It is an effort to separate the total number of harassment and culture complaints at the large company from those directed at him personally. That could reframe the criticism against him, but also protect the company from legal fallout if all past NDAs were placed in jeopardy.