President Trump is generating a little bit of Fake News himself.
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In an interview with the “so fantastic” Mike Huckabee on his Saturday night show on Trinity Broadcasting Network, Trump complained that “the media is really, the word, one of the greatest of all terms I've come up with, is ‘fake,’”
But producers at POP-TV’s “The Daily Buzz” have found out that the term has been used for at least 25 years. They discovered a TV Guide cover story from the publication’s February 22-28, 1992, issue that was titled "Fake News."
"The TV Guide story purported to 'expose' the use of video news releases (VNRs) by local television newscasts," said Kevin Foley, KEF Media, which owns and produces The Daily Buzz. "I also recall that during the FCC kerfuffle over VNRs a decade ago, media activists used the term 'fake news' to describe VNRs."
To be fair to the President, he did go on to say, “I guess other people have used it perhaps over the years but I've never noticed it.” That observation, however, doesn’t make it under the wire of Twitter’s 140-character limit or Trump’s increasingly limited memory and attention span.
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
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