Mather Report - David Clinch

Mather Report - David Clinch

Good morning from New York (slightly less smoggy today) and welcome to our weekly look at the dominant #mediarevenue stories.

There have been remarkable developments at CNN and some of the, unfortunately usual, stories about cuts and news and media companies, but there have also been some very interesting stories about the funding of local news.

Want to buy The Telegraph? Or Complex?

I spent a lovely few days at the FIPP - Connecting Global Media conference in Portugal this week and connected with some old, and new, friends there to discuss the future of news and the role that media technology plays in that future.

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If you see articles about?#MediaRevenue,?or the impact of local journalism, that you think I should look at, please let me know so I can include them in this roundup.

Here is this week's curated selection of?#MediaRevenue?news:

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Google to finally launch News Showcase in the US as part of local news support package

"Google said it will launch News Showcase with more than 150 news publications, including the?Wall Street Journal,?Associated Press,?Reuters,?Bloomberg?and El Diario. The five partnering US associations referenced in Thursday’s press release were the Local Independent Online News Publishers (LION), the National Newspaper Publishers Association (NNPA), National Association of Hispanic Publications (NAHP), Association of Alternative Newsmedia (AAN) & Institute for Nonprofit News (INN)."

Google promises more money and more exposure for local news

"One change is in the Google News mobile feed, on both Android and iPhone, where it’s tweaking the Following tab to ensure that stories from local outlets appear more frequently. This will let users get updates from specific topics, sources, and locations. The revamped tab will become available on Android “soon” and on iOS later this year. So far, Google says it has partnered with over 150 news publications in 39 states throughout the US, with over 90 percent of them being local or regional."

CNN Tries to Change the Channel From Wall-to-Wall Chaos

"Athan Stephanopoulos, whom Mr. Licht hired last year as CNN’s chief digital officer, has laid out a plan to generate $1 billion over the next several years."

CNN Ad Revenue Was Down Nearly 40% For the First Four Months of 2023

"According to MediaRadar data, over 2,000 companies spent $312.6 million from January through April on CNN digital and linear TV ads. That was down 39% from the same four-month period of 2022.?April was particularly slow, the firm noted, with CNN ad sales declining 48% to just $80 million."

A.I. poses new threats to newsrooms, and they’re taking action

"Newsroom leaders are preparing for chaos as they consider guardrails to protect their content against artificial intelligence-driven aggregation and disinformation."

New York Times CEO Meredith Levien: ‘Journalism needs advertiser & consumer buy-in’

"In conversation with The Drum, Levien chronicles her journey from head of advertising to CEO at The New York Times, argues for combined subscription-advertising models in media and opines on the future of the media business."

Hundreds of Gannett Journalists Walk Out

"The merged company, which took the Gannett name, owns USA Today and more than 200 daily newspapers in 43 states, though it has closed dozens of publications since the 2019 deal."

Times Executive Editor Kevin Merida is grilled by staff over 73 layoffs

"The organization is cutting photojournalists, longtime copy editors, news desk editors who help oversee the paper’s digital report and audience engagement editors. Audio producers were let go, as were a library researcher and several respected managers, including two stalwarts in the Spanish-language Times en Espa?ol digital news operation."

Sale of the Telegraph: Seeking a trophy hunter

"On behalf of Lloyds Banking Group, AlixPartners seized the press assets of the Barclay family to recover debts, threatening to sell the Telegraph Media Group and the Spectator in a range of £500 to £600 million."

BuzzFeed Considers Sale of Complex Networks

"BuzzFeed is exploring a potential sale of Complex Networks, a digital media firm it acquired when going public in late 2021 for nearly $300 million..."

The Future Of Black Owned Media

"NPR's Eric Deggans talks to Byron Allen, about his ambitions to grow his media empire, hold advertisers to account, and control the narrative of how Black people are represented in media."

Australia: Major newspapers could face a $40m hit if governments follow Victoria in abandoning print advertising

"The Victorian government on Tuesday?announced it would cease print advertising?in Melbourne newspapers the Herald Sun and the Age from 1 July because the audience for print is dwindling, prompting a furious response from the Murdoch press."

Inverse lays off?staff

"Bustle Digital Group cuts at least 25% of staff at entertainment, gaming and science site."

They’re Here to Save Indie Media

"A new web publication from a founder of the print-only newspaper The Drunken Canal tries to make a splash in a space where giants have sputtered. Can it work?"


CHESTER SWANSON SR.

Next Trend Realty LLC./wwwHar.com/Chester-Swanson/agent_cbswan

1 年

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