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Voting-machine company Dominion has added Newsmax Media and Herring Networks (the owner of One America News Network) to the list of those it has sued regarding claims that the company rigged the 2020 election in favor of president Biden. Dominion also sued former Overstock.com CEO Patrick Byrne, who has made similar accusations. Earlier this year, the company filed lawsuits against Fox News, Rudolph Giuliani, attorney Sidney Powell and MyPillow CEO Mike Lindell over their roles in spreading election fraud claims. According to the Wall Street Journal, Newsmax said that its coverage of the 2020 election cited allegations made by public figures, including former president Trump, his advisers, and members of Congress, while One America said that the statement and claims made in “Absolute Proof,” a documentary produced by Mindell which claimed to show “100 percent” manipulated votes in President Joe Biden’s favor, were presented “as opinions only.”
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The New York Times posted positive numbers for Q2 2021 as regards both subscription and advertising revenue. Subscription revenue grew 16 percent over last year’s second quarter, “the largest year-on-year subscription revenue gain in more than a decade,” according to president and chief executive officer Meredith Kopit Levien. The paper says it added 142,000 net digital subscriptions in Q2, and now has more than eight million paid subscriptions across its paid and digital products. It expects total annual net subscription growth for 2021 to be “in the range of 2019.” Advertising revenues rose 66 percent overall year-on-year. Digital ad revenue fueled much of the growth, increasing 80 percent over Q2 2020 and 22 percent over Q2 2019’s pre-pandemic figures. Print ad revenue, while up by 48 percent over Q2 2020, was down 33 percent from Q2 2019. The company’s adjusted operating profit was $93 million, up 78 percent from the same period last year.
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| Eric Ludgood |
The E.W. Scripps Company hires former CNN International vice president for editorial Eric Ludgood to lead Newsy, its national news platform. Currently available on over-the-top and connected TV platforms, Newsy will launch over the air in more than 90 percent of U.S. television homes on Oct. 1, carried primarily over Scripps-owned broadcast stations' spectrum. Ludgood comes to Scripps from WAGA-TV, the FOX-owned and operated channel in Atlanta, where he was executive producer of the investigative team. At CNN, he played a pivotal role in such stories as the election of Nelson Mandela and the events of Sept. 11 and led the CNN World Report unit. In this newly created role, Ludgood will be responsible for the overall leadership, editorial identity and programming for Newsy.
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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Aug. 11, 2021, by Joe Honick
We should not walk away so casually with merely a couple of lines about the suits being brought by the voting macine company against both "theoretically" news media and a whole host of others. There has never been, in my fairly lengthy time, a similar assault on the American voters together with the conspicuous offerings from a psychologically impaired election loser like Donald Trump. On a slightly humorous side, the ultra right wingers not only insult all Armed Forces who have voted by mail for many decades but also the potential findings that any major fraud could have been committed by the Trump claimants themselves.
That the "big lie" perfected in recent times by Hitler has gained support by way of massive repetition, as had been prescribed by him, remains dangerous and public attention keeps getting diverted by other "news"? The clear implications of court decisions, many of which have snidely but accurately suggested the Trump shysters go into other businesses, make clear both the Republican and Trump's rejeaction of American law and order.
Problem: do enough people impacted by the covid, news of all sorts of tragedies and more, care anymore? That relaxation of concern or interest is precisely what was hoped by the losers.