Oct 3, 2017

Scoop: $10 million fake news fight

Photo: News Media Alliance

The News Media Alliance, the trade group that represents thousands of newspaper outlets, will launch the second wave of its #SupportRealNews campaign today, which will call on the public to support real news by using trusted news sources produced by trained journalists.

Why it matters: You know the state of the news industry is a mess when a newspaper trade group is taking out newspaper ads to message newspaper employees about the importance of newspaper

  • The campaign will feature monthly rollouts of print and digital ads targeted to officials, the general public and news organization employees in all 50 states. In total, the group is spending nearly $10 million.
  • Alliance president David Chavern tells Axios "the continued push is really about the Duopoly (Google and Facebook) and ad market economics."
  • The campaign is aimed entirely at news consumers, but it also aims to give industry employees the uplift of knowing that the industry writ large is fighting hard for the principles reporters care about.

Go deeper

Established VCs turn to "super angels" to grow their network

Illustration: Eniola Odetunde/Axios

Thanks to companies like AngelList and Carta that make it easier than ever to set up small VC funds, a new generation of so-called “super angels” is cropping up — and established venture funds are backing them.

Why it matters: Just like the boom in scout programs a number of years ago, it’s all about the deal flow.

Scoop: Top NSC official reassigned to Energy Department amid "Anonymous" fallout

Photo: Mark Wilson/Getty Images

Deputy national security adviser Victoria Coates will be reassigned as a senior adviser to Energy Secretary Dan Brouillette, the National Security Council said Thursday — and a senior White House official said that the administration "rejects" the rumors that she is "Anonymous."

Why it matters: Coates has battled claims that she is the still-unknown Trump administration official that penned a New York Times op-ed and book critical of President Trump.

The Fed may be setting the table for 2020 rate cuts

Illustration: Sarah Grillo/Axios

The Fed looks to be laying the groundwork to lower U.S. interest rates this year, just as they did in April 2019 before cutting rates in July, September and October.

Why it matters: A Fed rate cut makes taking on debt more attractive for U.S. consumers and businesses, helping to juice the economy, but also puts the central bank in a weaker position to fight off a potential recession.