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On Wednesday, without prior warning, Pacific Standard, an award-winning magazine that has done substantive journalism on environmental and social justice, announced its imminent closure. The Social Justice Foundation, a nonprofit backed by SAGE, an academic publisher, yanked its funding from Pacific Standard; the foundation will shutter, too.
Last year, the magazine scrapped its print edition, but in recent months, it had been staffing up. According to Nicholas Jackson, the editor in chief, the Social Justice Foundationâs board just approved an ambitious, 10-year expansion plan he put forward. Jackson was blindsided when he learned, on Monday, that his magazine would be dead within two weeks. The sudden decision, he told The Daily Beastâs Lloyd Grove, was âunethicalâ and possibly even illegal.
ICYMI:Â NPR cut me off after Tucker Carlson criticized my tweet
Pacific Standardâs situation is strangeâand extremely abruptâbut it fits a clear, broader trend; as Grove writes, âIn todayâs Darwinian media environment, newspapers, magazines and online publications seem to be biting the dust every weekâa depressing new normal.â Pacific Standard wasnât even the only publication to announce its closure on Wednesday. The same day, Governing magazine, which focuses on state and local government, said it will cease operations in the fall. Despite recent investment, Governing proved âunsustainable as a business in todayâs media environment,â management said. J. Brian Charles, an investigative reporter, recently left his job at Governingâand just last month, he joined Pacific Standard. âI feel like the Angel of Death,â he told Grove.
Itâs not just individual magazines that are struggling: giants are feeling the pinch, too. On Monday, both Gannett and GateHouse, the biggest publishers in the country by circulation, reported deep revenue losses; the same day, the two companies announced that they will merge in a deal financed by private equity (at eye-watering interest rates). Gannett and GateHouse executives are betting that massive scaleâthe combined entity will publish one in six of Americaâs local newspapersâcan keep them in the black, at least for a few more years. Investors donât seem so sure: as the New York Postâs Josh Kosman and Keith J. Kelly note, shares in New Media Investment Group, GateHouseâs parent company, tanked after the merger announcement. Next week, executives will meet financiers in person to try and assuage their doubts. No matter what, job cuts seem certain.
Increasingly, the digital media landscape feels bifurcated. A small number of media companies are surviving or even thriving; those tend to have established brands with loyal readers who are prepared to hand over their money. (This week, The Guardian and The New York Times both reported growth in digital revenue; The Guardian, which previously suffered years of heavy losses, is a notable success story.) But everyone else is feeding off the scraps. The closure of Pacific Standard, in particular, is a chastening reminder that even deep-pocketed donorsâtouted, so often, as the industryâs saving graceâcan cut good publications down at a momentâs notice. And some big-name papers are struggling to maintain and grow their paying audiences: the LA Times, which has expanded impressively under Patrick Soon-Shiong, told staff last week that digital subscription growth is way under target. (Still, it was noted, hitting the target wouldnât cover editorial costs.)
With ad revenue plunging and subscriber revenue, in most places, not replacing it, many media companies have become reliant on revenue streams further from their control. Social media has been one. Yesterday brought important news in that regard: The Wall Street Journalâs Benjamin Mullin and Sahil Patel reported that Facebook has held talks with news executives about paying to license previews of news content in its app. Some industry leadersâJonah Peretti, CEO of BuzzFeed, for instanceâwelcomed the development. So far, however, it appears that Facebook has only held talks with big, profitable publishers who need the money less than poorer rivals.
And as many commentators quickly pointed out, Facebook has a track record of hooking news outletsâfor example, by prioritizing videoâonly to fry them with a unilateral change of approach. As Deadspinâs Barry Petchesky tweeted of Facebookâs latest offer, âMorons who run digital media, I beg of you: Please donât fall for this for the 18th time.â
Below, more on the media industry hellscape:
- Just merge already: The impending merger between CBS and Viacom could have profound consequences for media companies: Vice reportedly wants in, and other digital publishers, including BuzzFeed, could also become targets of a combined company. Some analysts thought the merger would be announced yesterday, as CBS and Viacom announced their second-quarter earnings. But still, we wait.
- Facebook and Apple: Facebookâs moves to add a news tab to its app are a clear response to Apple News. Facebook is hoping to entice publishers such as the Times, which balked at Appleâs terms: Apple drags publishersâ content into its app and takes half the revenue; Facebook is proposing to link out to news outletsâ own sites. Digidayâs Lucinda Southern reports that cooperation with Apple News is paying off, at least for some news organizations: Vice Media and The Stylist Group, among others, say theyâve seen spikes in traffic and revenue since March, when the app was upgraded.
- Old Gannett and New Gannett: Ahead of the GateHouse-Gannett announcement, Poynterâs Rick Edmonds was among the observers to predict that GateHouse and its owner, New Media Investment Group, would blow away the existing leadership of Gannett once a deal goes through. Now Edmonds is revising that prediction: it appears that two of the merged companyâs top three executives will come from the old Gannett.
- Itâs audio, too: On Wednesday, Entercom, one of Americaâs largest traditional radio companies, purchased two podcast companies: Cadence13 and Pineapple Street Media. Entercomâs acquisition of Cadence13 wasnât much of a surprise, but the Pineapple Street deal âmight turn some heads,â Nieman Labâs Nicholas Quah writes. What does it mean for the industry? âThe podcast space is in the midst of a plodding consolidation period, and this is just further evidence of that.â
Other notable stories:
- On Wednesday, President Trump visited Dayton, Ohio, and El Paso, Texas, in the wake of the mass shootings in those cities. Aides barred the media from the hospitals Trump visited; they said the trip was not a photo op, but, per Maggie Haberman, of the Times, the real goal was to keep Trump on message and make âas little news as possible.â So much for that: Trump made headlines during the visits as he tweeted broadsides at his critics; yesterday, the bad press continued. El Pasoâs CBS affiliate broadcast a video, taken on a cell phone, of Trump inside a hospital there; as he met with staff, he bragged about his past crowds in the city, and joked about âcrazyâ Beto OâRourke and the media.
- For CJRâs podcast, The Kicker, Kyle Pope, our editor and publisher, spoke with John Temple, who was the editor of the Rocky Mountain News during the Columbine shooting, in 1999. This week, an essay Temple wrote for The Atlantic, about âthe limits of journalismâ in stopping gun violence, attracted widespread attention. âWe were incessant for yearsâwe were doing investigations related to Columbine, and to what was known and what could have been done,â Temple said. âNot much changed as a result.â
- The Iowa State Fair opened yesterday. The Washington Postâs Paul Waldman writes that the procession of presidential candidates through the fairâ24 are expected to attend this yearârepresents âeverything thatâs wrongâ with the presidential race and press coverage of it. âThe mediaâs search for candidate authenticity through appropriate consumption of local downscale food favorites is an old story,â he writes. âBut itâs one that tells us precisely nothing about what kind of person that candidate is, let alone what sort of president theyâd be.â
- Ana Marie Cox, CJRâs public editor for the Post, argues that the paperâs high-profile fact checker column is an exercise in futility. âTrump supporters somewhat justifiably complain that itâs a Trump-specific project overly concerned with the most minute and obscure presidential utterances; they think it unfairly exaggerates petty puffery,â Cox writes. âI agree, and I also think that it dangerously minimizes the damage of Trumpâs misrepresentations regarding policy.â
- Monsantoâthe agrochemical giant accused of hiding health risks linked to a widely used herbicideâmonitored journalists and activists who criticized the company in order to discredit their work. According to The Guardianâs Sam Levin, Monsanto kept a spreadsheet listing more than 20 lines of attack against Carey Gillam, a Reuters reporter who wrote a book about the companyâs weedkiller; staffers coordinated negative reviews of Gillamâs work, paid Google to promote them, and pressured Reuters to reassign her.
- In recent weeks, Jonathan Weisman, an editor at the Times, has drawn criticism for his tweets about Democratic politicians of color. The author Roxane Gay was among those to criticize Weisman, who subsequently emailed Gay, her assistant, and her publisher requesting an âenormous apology.â Now Weisman seems to be on thin iceâthe Times told Yashar Ali that Weisman âhas repeatedly displayed poor judgment on social mediaâ and that bosses are âclosely examining what to do about it.â
- For CJRâs series on criticism, Kim Kelly, a freelance music journalist, reflects on NPRâs decision to stop working with her after Tucker Carlson condemned her political tweets on his Fox News show. NPR told Kelly that her âactivist stanceâ was in conflict with its standards. But âarts criticism comes from the heart and the gut; cutting out the human partsâour opinionsâleaves the whole thing bloodless,â Kelly writes. âI could never separate the personal from the political, nor do I have the luxury of pretending I can.â
- In June, censors in China blocked The Intercept and other news sites. Now The Intercept is launching an app for Android and Windows that will allow readers in China to bypass the countryâs âGreat Firewall.â
- And Twitter blocked an account linked to Mitch McConnell, the Senate majority leader, after it posted violent threats against⌠Mitch McConnell. Viceâs David Uberti has more.
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