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are newspapers dead ?

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    It is going to be tough to cater to potential customers while maintaining an unbiased position presenting the news. Hopefully the country will lean to the left embracing free health insurance for all and an attempt to reach living wages. But a left lean will make it hard to sell advertising to large companies. Hopefully an awareness of problems will highlight JFK's ask not what your country can do for you and big companies will carry through with JFK's challenge. It is possible that big money can recognize the pride of enabling happy healthy workers to support their families.
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    Not enough people read newspapers. If they did, Trump would not be president due to the fact that every major newspaper in the country (including the Arizona Republic) had printed editorials claiming that he was unfit to be president.The Republic's endorsement of Hillary Clinton was the first time in the paper's history that it had not endorsed a Republican to be president.

    As more and more ad revenue goes digital, newspapers are experiencing declining revenues, and are surviving by merging. In August of 2019, New Media Investment Group, a holding company that controls GateHouse Media, announced that it had agreed to buy Gannett (which owns the Republic) , the owner of USA Today and more than 100 other publications nationwide, in a transaction valued at roughly $1.4 billion.

    The companies expect that savings from the merger, which is expected to be completed by the end of the year, would total as much as $300 million annually. And though they said the merger would “enhance quality journalism,” both companies have cut costs in recent years by laying off journalists.

    This morning. Laurie Roberts published an excellent article about illegal immigrants, which prompted me to send her a letter with my compliments. I quickly received this note in response:

    "Thanks for writing. I am on furlough until Monday, April 20 and not allowed to access this email account."

    So ..

    Radio Sputnik started operating in Kansas City in March of this year, FOX is little more than an American version of RT (Russia Today) , but our own journalists (who are working remotely) are not allowed to access their email accounts.

    To quote Emma Gonzales (Parkland survivor) "we call BS".

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    We're all familiar with the fact that Trump doesn't like to read intelligence reports, and he doesn't read a lot of books, even though he is the "author" on a number of them.

    You would likely assume that he doesn't spend much time reading newspapers, but that is actually not true.

    Every morning before dawn, according to current and former White House officials, Trump has four daily newspapers — The New York Times, The Washington Post, The Wall Street Journal and the New York Post — delivered to the White House residence.

    In addition to his diet of major newspapers, Trump relies on paper copies of articles culled from elsewhere each day by his staff. The papers and printouts are cherished tools that allow him to monitor the coverage of his administration, reward allies and rebuke critics with dashed-off personal notes.

    Because Trump doesn’t use a computer or read the news online, the staff secretary’s office prints out the Drudge Report every day to show the president, according to a former White House official.

    Trump wields his daily print clipping ritual as both carrot and stick, praising those who praise him and torching his critics. His outbox is also an internal management tool, a tactic to buck up sagging staff morale during a tumultuous first term.

    The intelligence community exploits Trump’s hardwired preference for print as well. Visually arresting infographics and hard copy, high-resolution maps sometimes make their way into the President’s Daily Brief, or PDB, to help Trump comprehend complex national security matters. Intelligence officials know that he best digests complex information when it is coupled with visual aids and laid out on a tactile page, according to an administration official.

    Unlike Trump, Barack Obama reads a LOT of books:

    In an interview with Rolling Stone in 2012, he also admitted that he reads a lot of newspapers - and he watches very little TV.

    "Home late at night, I’ll catch snippets of that. I think Jon Stewart’s brilliant. It’s amazing to me the degree to which he’s able to cut through a bunch of the nonsense – for young people in particular, where I think he ends up having more credibility than a lot of more conventional news programs do.

    I spend a lot of time just reading reports, studies, briefing books, intelligence assessments.

    I’ll thumb through all the major papers in the morning. I’ll read the Times and Wall Street Journal and Washington Post, just to catch up.

    Do you read Paul Krugman?
    I read all of the New York Times columnists. Krugman’s obviously one of the smartest economic reporters out there, but I also read some of the conservative columnists, just to get a sense of where those arguments are going. There are a handful of blogs, Andrew Sullivan’s on the Daily Beast being an example, that combine thoughtful analysis with a sampling of lots of essays that are out there. The New Yorker and The Atlantic still do terrific work. Every once in a while, I sneak in a novel or a nonfiction book.

    I thought you were going to say Playboy.
    No [laughs].

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    Paper print is pretty much becoming extinct, I believe people turn to the internet to get their news.
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    I agree, but newspapers are finding creative ways to stay in business.

    The New York Times was one of the first newspapers to publish online, which they started doing in 1996. At some point after 2005, I started paying $15 a month so that I could read the paper online everyday. After I moved to Arizona in 2011, I also started paying $20 a month for a subscription to the Arizona Republic (which is now more than $30 a month) , which gave me digital access every day, but it also gave me print copies on Sunday and Wednesday (I am NEVER giving up my Sunday comics.)

    I also read the Boston Globe, the Chicago Tribune, the Tucson Daily Star, Al Jazeera, and the Washington Post every day. Until yesterday, I didn't pay for any of them.

    I am now paying $10 a month for an online subscription to the Washington Post.

    Donald Graham, son of the Washington Post’s legendary publisher Katharine Graham, was the first to suggest Bezos buy the Post. Bezos, he thought, had the requisites of a promising buyer.

    Bezos countered that idea; he had no interest in such an investment. By Bezos’s own accord, he wasn’t looking to purchase or invest in the newspaper business at all. He had no knowledge of newspapers.

    Graham reminded him it wasn’t newspaper expertise they were after, but mastery of the internet. Bezos said he would think about it. “I had to do some soul-searching….Is this something I want to get involved in?” he said. If he did decide to do it, he knew he would have to put "some heart into it and some work into it."

    The financials of the business weren’t promising. Bezos admitted the business was “upside-down.” As a high fixed-cost business, they were bleeding money. It wasn’t an intrinsic operational issue, but the changing landscape. “The internet was just eroding all the advantages that local newspapers had. All of them.”

    Instead, Bezos relied on intuition to guide him.

    Bezos drew his optimism from one simple fact. The internet destroyed most advantages newspapers had built. But it did offer “one gift: free global distribution.

    With Bezos's help, The Post developed a new strategy to “take advantage of that gift.” They implemented a new business model. The old model relied on generating a high revenue per reader. Their new focus would forego revenue per reader in favor of acquiring more readers. In other words, a volume play.

    Bezo's purchase of the Post turned out to be a good business investment.

    By January of 2018, the Post had had two consecutive years of profit, which will help the paper expand its Washington, D.C., headquarters, grow its editorial team to more than 800, and continue to invest in technology.

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    Are newspapers dead ? Not if you need to wrap a couple of fish before you walk home.

    I think they'll significantly downsize and stop printing actual editions. Electronic daily issue because 95% of American people have and constantly carry their smart phone.

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    I used to buy the Chicago Tribune & Sun Times Sunday issues, sometimes just to get the store coupons. On rare occasions on Mondays, before the unsold Sunday papers were picked up by the distributer, the corner store used to allow us to pick through the center sections which contained hoards of store coupons, but not anymore, around my area, even coupons are now electronic, they call them e-clips.

    I have old an old copy of the Bears winning the super bowl, and the bulls 3 peat series, and the cubs winning the most recent world series. I also have a full box of Wheaties with Sweetness' picture on the front.

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    This cartoon pretty well sums things up:


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    The Washington Post editorial board endorsed Joe Biden this morning. it's likely the first of many newspaper endorsement prior to the election day. Since not enough people read newspapers, I posted the article to Facebook this morning.

    In 2016, Trump was endorsed by a total of 20 daily newspapers, and Hillary was endorsed by 243. If you count all daily, weekly newspapers, magazines, college publications, and international sources, Hillary got 500 endorsements, compared to Trump's 28.

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    I guess the newspapers don't seem to reach the Trumpers because they don't read or went to school; so these "numbers" don't mean anything, because FOX News runs their lives. I looked last night at FOX for a few minutes, in order to see what they would say about Trump's taxes. Indeed they "mirrored" what Trump said about it: Total Fake News; the Dem's invented this. Yes that is how you keep the Trump cult indoctrinated.
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    As The New York Times operated at full tilt through a fraught election — one of the most consequential votes in modern American history — the company announced a milestone: As of last week, it topped seven million paid subscribers, a high.

    The New York Times Company has bet on digital readers as the future engine of its business since 2011, when it started charging for online content — and it has largely been a good gamble. In the three-month period ending in September, for the first time, the revenue from digital subscribers was greater than the money the company brought in from print subscribers, The Times said Thursday as part of its third-quarter financial report.

    Many newspapers are bleeding cash, so why did Donald Graham approach Jeff Bezos about buying the Washington Post?


    It wasn't about his newspaper experience, it was about his internet savvy.

    Amazon chief Jeff Bezos bought the Washington Post in 2013, and within three years the paper had doubled its web traffic and become profitable -- an impressive feat for a media company that struggled in the wake of the financial crisis. The swift turnaround is impressive, to be sure, but what makes Bezos different from other CEOs, according to the Post's former publisher Donald Graham, is not his talent for driving fast results, but rather his "extreme long-term mindedness."

    "I've heard people accuse Jeff and Amazon of a lot of things. There was a time when people were saying Amazon was overpriced, that it was going to go bankrupt," Graham told Poppy Harlow in an exclusive interview for the CNN documentary "The Age of Amazon." "What I've never heard anyone say is that he paid attention to quarterly results as opposed to the health of Amazon in the long term."

    A lot of company executives should pay more attention to long term growth (as Bezos does) rather than quarterly earnings.

    Since the Senate passed its version of the tax bill on December 2,2017, 29 companies have announced $70.2 billion in stock buybacks, a maneuver that uses company cash to buy its own shares, which then drives up the price of those shares, rewarding major investors and executives whose compensation is directly tied to the company’s stock price.

    U.S. CORPORATIONS ARE already beginning the process of pocketing the winnings from the tax bill jackpot they expect to hit any day now, undercutting, in a remarkably public fashion, the pretense that the corporate tax cut will lead to greater investment in job creation.

    As soon as he can, Joe Biden is going to start unravelling at least part of the 2017 "Jobs and Tax Cuts" legislation.

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    Yes, Bezos sold 3 billion worth of his stocks; just like he needs that money. ha ha However I just wonder about the "value" of the "dollar" in the future, if the deficit here gets higher because of stimulus etc.

    I guess the rich are starting to worry about "paper" and are investing like crazy in valuables like houses, yachts, planes and Ferrari's (their stock went up like crazy)

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    The New York Times has won 130 Pulitzer Prizes since 1918, the most of any newspaper.

    The Washington Post has won 65, second only to the New York Times,

    Naturally, Trump cancelled the subscriptions to both newspapers in October of 2019, and Joe Biden just reversed that decision.

    Trump is not the first president to cancel a newspaper that had printed unflattering comments about him, since JFK did the same thing in 1962, when he cancelled the subscription to the New York Herald Tribune, which had won 12 Pulitzers in its 42 years of existence.

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    Dutch Wrote: I guess the newspapers don't seem to reach the Trumpers because they don't read or went to school; so these "numbers" don't mean anything, because FOX News runs their lives. I looked last night at FOX for a few minutes, in order to see what they would say about Trump's taxes. Indeed they "mirrored" what Trump said about it: Total Fake News; the Dem's invented this. Yes that is how you keep the Trump cult indoctrinated.
    Na, they're just like Trump, they read a headline, and not the "rest of the story" and open their big mouths just to put their foot in it. It's called foot in mouth disease.