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Photo: Robert Nickelsberg/Getty Images

The White House plans to order all federal agencies not to renew their subscriptions to the New York Times and the Washington Post, two papers that President Trump has repeatedly attacked for their critical coverage of his administration, the Wall Street Journal reports.

The big picture: The White House said on Tuesday that it would cancel its own subscriptions to the Post and the Times, after Trump complained that they were "fake" during an appearance this week on Fox News' "Hannity." White House Press Secretary Stephanie Grisham said in an email to the Journal: "Not renewing subscriptions across all federal agencies will be a significant cost saving — hundreds of thousands of taxpayer dollars will be saved."

Between the lines: Axios' Sara Fischer notes that the Post and the Times each make around $20 million annually by selling political and issue ads (mostly issue ads) that are geared toward reaching policy makers and opinion leaders at key D.C. institutions, including the White House and federal agencies. Hundreds of copies of the two newspapers are distributed to the White House and agencies.

  • These are expensive ads, and they’re typically the only types of ads with pricing that can’t be negotiated or bartered down.
  • In fact, the Times touts its reach into the White House when selling ads. It even created a separate D.C. edition of its paper printed out of Springfield, Virginia, just to make it cheaper to target federal agencies with ads that could be locally inserted.

The bottom line: This move, if the White House follows through on it, will have an advertising impact on the newspapers at a time when the issue advocacy market is really hot.

Go deeper: Trump allies raise money to target reporters at top media outlets

Go deeper

In photos: Protesters rally for George Floyd ahead of Derek Chauvin's trial

Chaz Neal, a Redwing community activist, outside the Minnesota Governor's residence during a protest in support of George Floyd in St.Paul, Minnesota, on March 6. Photo: Kerem Yucel/AFP via Getty Images

Dozens of protesters were rallying outside the Minnesota governor's mansion in St Paul Saturday, urging justice for George Floyd ahead of former Minneapolis police officer Derek Chauvin's trial over the 46-year-old's death.

The big picture: Chauvin faces charges for second-degree murder and manslaughter over Floyd's death last May, which ignited massive nationwide and global protests against racism and for police reform. His trial is due to start this Monday, with jury selection procedures.

Biden says $1,400 stimulus payments can start going out this month

Photo: Samuel Corum/Getty Images

President Biden said Saturday that the Senate passage of his $1.9 trillion COVID relief package means the $1,400 direct payments for most Americans can begin going out later this month.

Driving the news: The Senate voted 50-49 Saturday to approve the sweeping legislation. The House is expected to pass the Senate's version of the bill next week before it heads to Biden's desk for his signature.