Category Archives: Media

Analysis: U.S. Newspapers Owned By Hedge Funds

As Covid-19 ran rampant across the United States in 2020, local newsrooms across the country cut back—even as they covered the biggest story in decades. “As far as readers, we saw that skyrocket during the pandemic,” Emma Way, editor at Axios Charlotte, told CNBC. “So at the same time that revenue was falling, readers were spiking. It was kind of this dilemma that I’m sure a lot of news organizations faced.” Reporters were laid off and furloughed. Some who stayed were offered buyouts. It was a catastrophic and uncertain time for American newsrooms. During the pandemic, more than 70 local newsrooms closed across the country. This includes newspapers that have served their communities for decades. Often, these papers are shut with little notice. But the problem existed long before the pandemic. Since 2004, about 1,800 U.S. newspapers have closed. Newspapers have struggled to make money with the collapse of print advertising as readership moved online. Then, the digital advertising market quickly became dominated by tech companies like Google and Facebook. Today, some of the largest newspaper groups in the country —such as Tribune, McClatchy and Media News Group — are owned, controlled by or in debt to hedge funds or private equity groups. In fact, hedge funds and other financial firms control half of the daily newspapers in the United States, according to a recent analysis by the Financial Times.

Top Women: Inside Forbes 2021 ’50 Over 50′ List (Video)

For these dynamic women, growing older is about getting wiser—and bolder. Meet the inaugural class of entrepreneurs, leaders and creators who are part of an exhilarating movement redefining life’s second half and proving that success has no age limit.

Selected from a pool of more than 10,000 nominees, the members of the 50 Over 50 are founding and running companies at scale ($20 million or more in revenue for for-profit companies), leading movements and changing the world. They’re working across all sectors of the American economy—venture capital, education, politics, major league sports and more—and, importantly, they’re paying forward their after-50 success.

In a moment when a global pandemic has pushed a disproportionate number of women out of the workforce—and, among this demographic, forced hundreds of thousands into too-early retirements—it is our hope that the stories of the women on this list resonate, inform and inspire.

Read the full profile on Forbes: https://www.forbes.com/50over50/

Real Estate Videos: Inside ‘Youtube Home Tours’

Luxury home tours on YouTube are exploding, and transforming the way high-end real estate is discovered and sometimes sold. YouTube personality Enes Yilmazer walks us through the making of a video for his channel, which gets an average of 15 million views a month. Photo: Mikey Ayers

Media: Swiss Magazine ‘Transhelvetica’ And London’s ‘Spiritland’

We visit two bold companies finding canny ways to pivot their product for changing audiences. Transhelvetica, a Swiss magazine, and Spiritland, a London-based hospitality and audio venture, are each shaping the media landscape for the better. To discover more about Monocle magazine head to http://www.monocle.com

Media Streaming: ‘How Disney+ Quickly Became A Top-Tier Player’ (WSJ)

The launch of Disney+ has brought a bit of magic to a company whose stock had taken a nosedive after the coronavirus shut down theme parks and movie theaters. WSJ explains how Disney’s streaming platform has become a top competitor in an already crowded field. Photo illustration: Jacob Reynolds/WSJ

Media: ‘The Law At The Center Of The Big Tech Debate In Congress’ (WSJ)

Leaders in government and tech want to rewrite a law that governs the internet. WSJ explains Section 230, how it shaped the modern internet, and what lawmakers and tech executives want to change.

Photo illustration: Carlos Waters/WSJ

Social Media: U.S.-China Fight Over Tik Tok Is A Data Privacy Battle (WSJ Video)

The Chinese-owned app TikTok has been labelled a national-security threat by the U.S., but it’s not unique in the data it collects. WSJ explains why countries are building digital walls and treating user data like a sovereign asset, and how that could change our tech.

Illustration: Zoë Soriano

Media: How ‘Youtube’ Dominated Internet Video

With more than 500 hours of video uploaded every minute and over 1 billion hours watched every day, Google’s YouTube is the world’s second largest search engine. And its meteoric growth hasn’t subsided, over 2 billion users visit the site every month. CNBC takes a look at how the video platform has changed over the past 15 years and if it can stay on top.

Online Search: Antitrust Lawsuit Against Google Explained (WSJ Video)

The Justice Department is filing an antitrust lawsuit against Google. Here’s how the tech giant ended up in the crosshairs of federal regulators.

WSJ’s Jason Bellini reports. Photo: Getty Images