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Archives: February 2020

The hedge fund that will likely soon control America’s second-largest newspaper chain, Chatham Asset Management, is also majority owner of the National Enquirer and Canada’s largest newspaper chain. It is advancing its “fundamental thesis on late-stage media consolidation in North America.”
It’s not just the real news media partisans think is rooting for the other team — it’s the fake news media too.
That makes Cox buying back the “daily” newspaper it sold to Apollo Global Capital a year ago a rare newspaper win-win-win.
Plus: A fair-use fracas, audio rom-coms without a business strategy, and the overwhelming whitemaleness of podcast acquisitions.
But will the Journal and The Washington Post be able to catch up to the market leader going forward? Or is the Times preparing to lap the field?
CEO Mark Thompson says “the single biggest reason” behind the paper’s success was the decision to give more autonomy to teams working on the publication’s various digital products.
A new TV ad set to air during the Oscars shows the Times, flush with digital success, expanding the sort of journalism it highlights to potential paying subscribers.
“Technology is no longer just a sector of the economy or an industry — it’s a global power center akin to any nation’s capital. And it’s time for a publication to cover it like one.”
Can the streaming audio giant really turn Bill Simmons’ operation into “the next ESPN”? Or is the goal of building “the world’s flagship sports audio network” too ambitious?