Fresh useful insights for people advancing quality, innovative and sustainable journalism
You might have heard: Gannett is bidding for Tribune Publishing, and upped its offer earlier this week to $15/share, valuing Tribune at $864 million
But did you know: Tribune’s Michael Ferro says he’s working on a bid to take over Gannett (Politico Media)
Gannett has bid to take over Tribune Publishing, but Tribune chairman Michael Ferro told a group of Los Angeles Times staffers that he’s working on a bid to take over Gannett. Ken Doctor reports that Ferro has a group of attorneys working independently of Tribune on the bid. Gannett’s market value on Thursday was $1.84 billion, which doesn’t include any premium that would-be bidders would have to include, Doctor writes.
+ Noted: Facebook launches an interactive map for live video, showing where current live streams are happening around the world (Engadget); Verizon and other bidders are expected to bid between $2 billion and $3 billion for Yahoo’s core business, less than the range of $4 billion to $8 billion that was previously reported (Wall Street Journal); PRX is creating a new company called RadioPublic to focus on mobile audio (Nieman Lab)
The week in fact-checking
As part of our fact-checking journalism project, Jane Elizabeth and Poynter’s Alexios Mantzarlis highlight stories worth noting related to truth in politics and on the Internet. This week’s round-up includes how to reach the right audience with your fact-checking, whether readers trust fact-checkers more than traditional media, and how to help voters deconstruct political ads.
Minneapolis Star Tribune’s recipe for revenue growth: Think about circulation differently and execute revenue initiatives well (Poynter)
Minneapolis Star Tribune revenues are up slightly this year, but it didn’t depend on any “silver bullet” for that revenue growth, Rick Edmonds writes. The keys to the Star Tribune’s revenue successes are starting early, diversifying revenue, and not abandoning print, CEO and Publisher Mike Klingensmith says. Klingensmith, who was previously at Time Inc., also brought in a new way of thinking about revenue from the magazine industry, thinking about circulation as a profit center rather than a number for advertisers.
A new project called Diamond will track media diversity in the UK (Journalism.co.uk)
The Creative Diversity Network is partnering with U.K. broadcasters including BBC and Sky News for a new project called Diamond to track diversity in the media industry. The project will look at the diversity of newscasters and actors, as well as the diversity of people working behind the scenes. The project will examine diversity from several different angles, including gender, age and disability, executive director of the Creative Diversity Network Amanda Ariss says. Data from the project will be available online, allowing the public to “track whether there’s any change in the industry.”
Differentiation isn’t just about setting your product apart, but about differentiating your entire company (Harvard Business Review)
There’s a problem with the way businesses think about differentiation, Paul Leinwand and Cesare Mainardi write, leading to missed opportunities. “To [most businesses], the unit of differentiation is an individual product, service or brand. … But differentiation needs to be sustainable; it shouldn’t live or die with individual offerings. The heart of differentiation therefore is your company’s ability to develop and promote distinctive products, services, and branded experiences on a consistent basis. It’s not the output that sets you apart, but the way that everything you do supports the product and gives it context.”
‘Trends are not the same as news, but Facebook kinda wants them to be’ (Nieman Lab)
“Trends” is a powerfully vague word, Tarleton Gillespie writes, lending itself to a wide range of definitions as to what’s being measured. In principle, Facebook’s trending news is an “expression of interest” on the platform, not news value. Gillespie writes: “Facebook users are talking about some things, a lot, for some reason. This has little to do with ‘news,’ which implies an attention to events in the world and some judgment of importance. Of course, many things Facebook users talk about, though not all, are public events. And it seems reasonable to assume that talking about a topic represents some judgment of its importance, however minimal.”
+ Glenn Beck’s thoughts on Mark Zuckerberg’s meeting with conservative leaders: “It was like affirmative action for conservatives,” with questions about Facebook’s hiring practices and diversity training (Glenn Beck)
Publishers contrast Snapchat Discover vs. Stories: Discover has a bigger built-in audience, but Stories are easier to experiment with (Digiday)
Snapchat Discover is built for capturing big audiences, Digiday’s Garett Sloane writes, taking a look at the differences between Discover and Stories on Snapchat. But though Stories may reach a smaller audience, there’s still value there: “Personal accounts are a true labor of love and fun to experiment with, where our brands can express themselves in cool ways,” says Vox Media’s (which has a Discover channel and personal accounts for its brands) director of platform partnerships Choire Sicha.
FOR THE WEEKEND
+ Journalism is losing sight of its mission to “give voice to the voiceless,” Aly Colón says: “We give more voice to the voiceful than to the voiceless. We need to walk the streets of our communities. We need to see people. We need to hear them. We need to hear their voices.” (Columbia Journalism Review)
+ Facebook is biased, but not necessarily in the ways we’ve been talking about: “The social network’s powerful newsfeed is programmed to be viral, clicky, upbeat or quarrelsome. … The trending topics box is a trivial part of the site, and almost invisible on mobile, where most people use Facebook. And it is not the newsfeed, which is controlled by an algorithm.” (New York Times)
+ Tinius Trust’s annual report on the future of journalism includes essays from Emily Bell on the relationships between platforms and publishers, Alan Rusbridger on the economics of independent media, and Cory Haik on the rise of distributed content (Tinius Trust)
+ Taking a look at female journalists on the campaign trail: Hillary Clinton’s 12-person press corps is all women, showing a “remarkable” shift in political journalism (Vogue)
+ “Capitol Hill publications like The Hill, Roll Call and National Journal were for decades a Beltway staple, strewn across desks on K Street and in Congress. With a captive audience and a strong advertising base, they were protected from broader economic forces and less concerned about competition from more nationally focused newspapers. Now these publications are scrambling to find their footing in a political landscape that is more competitive and almost unrecognizable from the one they chronicled for decades.” (New York Times)
The post Need to Know: May 20, 2016 appeared first on American Press Institute.
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