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NY Times Feels Effects of No “Trump Bump”

Report finds subscription numbers slow with former president out of office.

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There’s no denying the former President Donald Trump provided news media outlets with ratings, clicks, and subscription growth. Now that the ex-commander-in-chief is out of The White House, media outlets have faced the effects of a United States without Trump.

One of the media outlets that feel the effects of no “Trump Bump” is The New York Times. According to the New York Post, The Times is dealing with a slow subscription growth.

The report states that the newspaper added 301,000 new digital subscribers in the first quarter, its lowest addition since the third quarter of 2019.

“In February and March, our audiences declined from their historic highs last year, and we saw fewer net subscription additions in the latter part of the quarter,” Meredith Kopit Levien, President and CEO of The Times, said.

“We expect moderated growth to continue through the second quarter, traditionally our softest of the year. With lower forecasted second-quarter performance, we now expect annual total net subscription additions to be in the range of our 2019 performance, which, prior to 2020, was our best year for net additions.”

The decreased growth clouded the revenue increase of 6.6 percent to $473 million, and operating profit rose 89 percent to $51.7 million.

News Print & Digital

The Wall Street Journal Shuts Down New York City Section

The Journal’s editor-in-chief Matt Murray stated in a memo of the moves, which Insider obtained, that the media outlet informed the New York team of the decision Thursday morning.

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The New York City section for The Wall Street Journal is shutting down and plans to open two new sections, Insider reports.

“Thank you all for the very kind words,” Katie Honan, the Journal’s city hall reporter, tweeted. “I’ve been through this before, but it’s always disheartening, especially after the last year+.” 

Honan confirmed initial reports regarding the section closing on July 9th, with the staff departing on that date next month. 

The Journal’s editor-in-chief Matt Murray stated in a memo of the moves, which Insider obtained, that the media outlet informed the New York team of the decision Thursday morning. 

“Inevitably, as we evolve the newsroom and aim to focus our journalistic mission, we are faced with some hard decisions,” Murray wrote.

While not offering any specifics for the decision, in his note, Murray mentioned that closing the section, which the Journal launched in 2010, was a trade-off in managing resources while beginning the two new teams.

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News Print & Digital

Fox Media Launches Fox News Podcast+ Exclusively on Apple

Subscribers will have access to commercial-free podcast versions of FOX News Sunday, and FOX News Radio’s (FNR) The Brian Kilmeade Show, FOX Across America with Jimmy Failla and The Guy Benson Show.

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Fox News Radio is launching a new subscription-based content channel called entitled FOX News Podcasts+, the network announced. The effort is collaborative with Apple Podcasts Subscriptions 

Subscribers will have access to commercial-free podcast versions of FOX News Sunday, and FOX News Radio’s (FNR) The Brian Kilmeade ShowFOX Across America with Jimmy Failla and The Guy Benson Show.

The network will charge subscribers $29.99 per year for exclusive content including seasonal FOX News Investigates specials, bonus shows from major political events, and special long-form podcasts encompassing faith, history, documentaries, and true crime.

The new platform provides listeners with some of the most-downloaded podcasts in the country, according to Triton Digital.

The Brian Kilmeade Show (weekdays, 9 AM-12 PM/ET) was recently named one of the top five most influential radio shows in America according to the TALKERS magazine’s Heavy Hundred list. FOX Across America with Jimmy Failla (weekdays, 12-3PM/ET) and The Guy Benson Show (weekdays, 3-6PM/ET) also placed in the top 100.

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News Print & Digital

Buzzfeed Will Pay up to $10K for User-Contributed Content

The media outlet plans to pay its fans for the content they provide, awarding up to $10,000 for quizzes, listicles, and more as part of a unique summer program.

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BuzzFeed is launching an initiative called the Summer Writers’ Challenge. The media outlet plans to pay its fans for the content they provide, awarding up to $10,000 for quizzes, listicles, and more as part of a unique summer program. 

When it comes to how much someone can earn from this BuzzFeed initiative, the pay scale hinges on how viral the user-generated content turns out. For example, for a post that surpasses 150,000 views, a contributor will get $150; a contributor who gets 500,00 views on a post will receive $500. 

Then comes the more significant cash if the views climb into the millions. A post with more than one million views will profit a contributor $2,000, and $10,000 will go to anyone with at least 4 million views on their post.

“Our BuzzFeed community is incredibly valuable to us — our contributors are our audience, and opening up our platform means BuzzFeed can better represent and serve our audience’s needs,” Peggy Wang, BuzzFeed’s executive director of growth and trends, said to Variety

BuzzFeed is also in the news recently as the company is raising about $200-million in convertible bonds to purchase Complex Networks

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