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Google, Facebook pledged millions for local news. Was it enough?
  + stars: | 2021-06-10 | by ( Helen Coster | ) + 0.00   time to read: +8 min
Google and Facebook accounted for 54% of U.S. digital advertising revenue in 2020, according to eMarketer, a market research company. Under the Facebook Journalism Project, for instance, Reuters received funding to develop a digital media training course for journalists. Both Facebook and Google have made contributions to the news industry apart from the $600 million. Both Facebook and Google say publishers benefit just from using their platforms, which deliver traffic that helps drive advertising revenue and subscriptions. The Seattle Times publisher said his paper has participated in programs backed by Google and Facebook.
Persons: , Maribel Perez Wadsworth, We're, Emily Bell, they're, , Campbell Brown, Ben Monnie, ” Brown, Adam Isserlis, Lance Knobel, Frank Blethen Organizations: Reuters, Google, Facebook, Gannett’s USA, USA Today Network, , Tow Center, Digital Journalism, Columbia University, Reuters Institute for, Journalism, Thomson Reuters, Publishers, GO, Associated Press, BuzzFeed, Cook, Post, HD Media, Seattle Times, Thomson Locations: South, Courier, Charleston , South Carolina, Cityside, Oakland , California, United States, U.S, West Virginia
For Hiromi, QAnon provided an escape from the realities of daily life. "I think QAnon in Japan is bootstrapping itself on a bunch of pre-existing, far-right extreme movements that already existed in Japan," Alt said. "People's frustration with Covid-19 might have provided a ground for some conspiracy theories to grow," he said. "We need to make sure people have access to the facts, so they don't believe in baseless conspiracy theories. Correction: A previous version of this article misstated the name of Japanese QAnon influencer Eri Okabayashi.
Persons: Hiromi, Eri, Okabayashi, QAnon, Donald Trump, Mueller, Yutaka Hori, Shintoism, Emperor, Hori, Matt Alt, Shoko Asahara, Chizuo Matsumoto, , netto, Alt, Michael Flynn, QArmyJapan Flynn, 2Hey, Yasushi Watanabe, Watanabe, Trump, Matsumoto, Hong Kongers, Q, Yoshiro, Melanie Smith, Smith, J, QArmyJapanFlynn, Joe Biden's, QAnon crumbles, Anon, Fujikura, Eri Okabayashi Organizations: CNN Business, Twitter, Tohoku University, United States, 2chan, National Security, Trump, Capitol, QArmyJapanFlynn, Keio University, Protesters, U.S, Reuters Institute for, Journalism, University of Oxford, Anon Locations: Japan, United States, United, Tokyo, Korea, China, Trump, American, Japanese, Fukuoka prefecture, America, Pennsylvania, Washington , DC, Genron, Hokkaido, Communist China
The 24-7 news cycle and the pandemic has led to a burnout crisis in the media industry. A BuzzFeed spokesperson said the company has instituted monthly mental health days and brought in guest speakers to talk about resilience in the news workplace. Insider has also seen an uptick in mental health leave and feelings of burnout within its newsroom. Newsroom leaders are stepping in to offer burnout supportThe pandemic has forced managers in the media to take more note of mental health. This year, Axios signed up with a new mental health partner called Ginger that provides app-based mental healthcare.
Persons: Erin Millar, IndigiNews, Millar, Stacy, Marie Ishmael, Millie Tran, Ishmael, It's, Gregg Birnbaum, Kate Nocera, " Nocera, Nocera, BuzzFeed, Benjamin Cohen, Matt Crossick, Jon Allen, Biden, Michael Slackman, Slackman, Whatever's, Axios, Ginger, Dominique Taylor, PinkNews, Cohen, Uber, Bruce Daisley, Birnbaum Organizations: Media, Workers, UK's National Union of Journalists, Journalists, Texas Tribune, NBC, Trump, CNN, New York Post, BuzzFeed, Reuters Institute for, Journalism, University of Toronto, NBC News, New York Times, Microsoft, BBC, Guardian, The Telegraph, Fortune Locations: British Columbia, , New York, Miami, Washington
Facebook banned news outlets from sharing articles in Australia in protest at potential regulation. Facebook is blocking Australian users from sharing or viewing news content on its platform in protest at prospective regulation – leading local news media and critics to warn of a potential uptick in misinformation. In an unprecedented move, Facebook on Wednesday began restricting Australian news organizations from sharing links to their journalism on their pages. All non-Australian users are unable to see posts from major local outlets such as The Australian, ABC Australia, and Users inside and outside of Australia are unable to see posts from Australian news outlets as of Wednesday.
Persons: Peter Lewis, David Swan, Bill Gates, David Cicilline, Damian Collins, Mark Zuckerberg, Rasmus Kleis Nielsen, Thomas Baekdal, that's, Will Easton, Easton, We're Organizations: Facebook, Wednesday, ABC, Meteorology, Australia Institute's Centre, Responsible Technology, University of Canberra, Twitter, Culture, Media, Sport Committee, Big Tech, Google, Reuters Institute for, Journalism, News Corp, FB, AAP, AFP Locations: Australia, Australian, ABC Australia, Danish, New
Hedge fund Alden Global offers to buy Tribune Publishing
  + stars: | 2020-12-31 | by ( Reuters Staff | ) sentiment -1.00   time to read: +1 min
(Reuters) - Tribune Publishing Co’s largest shareholder, Alden Global Capital, said on Thursday it had offered to take full control of the owner of the Chicago Tribune in a deal that values the company at $520.6 million. Alden, known for its hostile takeover bids of publishing companies, has a stake of 32% stake in Tribune. The hedge fund’s offer valued the newspaper chain at $14.25 per share, representing a premium of 11.4% to the company’s shares last closing price. The newspaper chain, owner of the New York Daily News and the Baltimore Sun, has seen a decline in revenue this year as the COVID-19 pandemic hammers the publishing industry. A study published last month found that print newspapers saw a decline in their overall consumer reach amid the health crisis.
Persons: Alden Organizations: Reuters, Tribune Publishing, Alden Global Capital, Chicago Tribune, Tribune, Street, New York Daily News, Baltimore Sun, Reuters Institute for, University of Oxford
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