Jul 23, 2019

Digital news platform Patch pivots away from advertising to payments

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Local media falls victim to partisan politics

Illustration: Aïda Amer/Axios

Political groups on both sides of the aisle are throwing money and resources at propping up local, partisan websites that are often designed to appear as straight news. Some of these sites are leveraging Facebook advertising to boost their content.

Why it matters: Local news deserts in America are being displaced by big-money politics, and the trend is accelerating ahead of the 2020 election, thanks in large part to technology.

Go deeperArrowJul 30, 2019

Alphabet stock rises on earnings beat

Photo: David Paul Morris/Getty Images

Stock for Google's parent company, Alphabet, was up over 6% in after-hours trading Thursday after the company reported that it met Wall Street expectations revenue and earnings per share.

Yes, but: The company continued to report major losses for its "other bets" category, which includes Alphabet-owned side projects like Waymo and Verily. In total, Google lost nearly $1 billion dollars on its moonshot projects.

Go deeperArrowJul 25, 2019

The next media mega-merger

Data: UNC Center for Innovation and Sustainability in Local Media; Chart: Andrew Witherspoon/Axios

Gannett Co, the largest newspaper owner by circulation in the U.S., and its rival GateHouse Media, the largest newspaper owner by number of papers in the U.S., are currently in talks to merge, The Wall Street Journal reports.

Why it matters: The combination of the two publishing powerhouses means that a single company would own 1 in every 6 newspapers in the United States.

Go deeperArrowJul 23, 2019