Verizon Media cut 7% of its news workforce, about 1,000 journalists, from its subsidiary companies: HuffPost, Yahoo News, and AOL. BuzzFeed also had a mass lay-off this week of 15% of its journalists, about 250 people. The media outlets have experienced a decline in revenue for over a year – much of it from advertising – and are doing what any business must do under those circumstances. Nothing from the companies themselves explains why revenue is dropping, so we can only speculate at this time. We believe, however, that it is partly because of of growing disenchantment of leftist bias in the media and partly because of increasing competition from, not just the giants like Google, Youtube, Twitter and Facebook. but also alternative media outlets like Need to Know. Perhaps this is why President Trump tweeted, “Fake News and bad journalism have caused a big downturn. Sadly, many others will follow. The people want the Truth!” -GEG
If the actions of Buzzfeed and Verizon Media Group are anything to go
by, these are hard times in the digital media space. Within hours of
each other, the two online media outfits have announced they will be
laying off hundreds of employees.
Over at Verizon Media Group, the
wholly-owned subsidiary of Verizon Communications will pink-slip 7% of
its global workforce. Verizon Media Group, which until December was
known as Oath, had more than 11,000 employees at the close of 2018.
Approximately 800 employees are expected to be affected by the
restructuring plan according to the Wall Street Journal.
Restructuring Will Enable Verizon Adapt to the Future
announcing the layoffs, the CEO of Verizon Media Group, Guru Gowrappan,
indicated that the decision was made with a view of making the
subsidiary more competitive:
While every business unit
has to manage their P&L, these decisions are being made to
streamline resources and invest in opportunities that will help us grow.
Verizon Media Group largely consists of brands that Verizon Communications took over after acquiring Yahoo and AOL. Some of the well-known brands include news sites such as TechCrunch and HuffPost and social media platform Tumblr.
investments in the media business running into billions of dollars,
Verizon Media Group has struggled. In the most recent reported quarter
revenues fell by 7% compared to the previous quarter to come in at $1.8
Nancy Pelosi approved Trump’s USMCA treaty, claiming that she “lost” her fight to remove a provision granting big tech companies expanded legal immunity over censorship of any content they consider ‘objectionable’ or ‘harmful’. There is no evidence, however, that there ever was a genuine fight.
A black man and woman shot and killed a police officer and then stormed a Jewish market and killed three more people. There is rising tension amid the increasing population of ultra-Orthodox Jews in the residential area populated by the local black community.
Imran Awan and his brothers were paid millions of dollars for managing the IT for several Democratic officials and are suspected of hacking. Even though the DOJ agreed not to prosecute Imran Awan in 2017, Judicial Watch filed FOIA requests. The DOJ says it cannot comply due to “technical difficulties”.
One member of Portland’s planning and sustainability commission confirmed that the goal is to benefit homeless people. Inviting the homeless to rest is inviting them to squat. Once squatting takes place, claims to ownership will follow, based on long-held norms that property is possession.
Antifa members threatened to assassinate Christina Baum, a dentist and a member of parliament who belongs to the populist Alternative for Germany (AfD) party that campaigns against mass immigration. Recently, there have been 52 attacks on party headquarters and offices in Germany, and half of those targeted the AfD.
He says that younger Republicans are not as controlled by political elites because they understand that the Chamber of Commerce has bought and paid for politicians in Congress. D’Abrosca says immigrants are taking jobs from both working-class and middle-class Americans with visas for high tech jobs.
Judith Browne Dianis was recorded on video counting down the days until white people become a minority in 2042. She said, “People say that demographics aren’t destiny, well, we are trying to make it destiny.” [May we assume that the ‘we” to whom she refers includes George Soros?]
Pennsylvania state representative Movita Johnson-Harrell, a Muslim Democrat, is accused of diverting Medicaid and social security disability funds to pay for overdue payments for her Porsche, vacations, expensive clothes, real estate, etc. She faces a prison sentence and will resign from her state office.
A stock photo of a healthy baby was photo shopped with measles sores, then shown on air along with the message the anti-vaccination information is dangerous, stoking fear over measles outbreaks, in order to convince the public that forced vaccinations are needed.
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Her boss, who has not yet been identified, is reported to be a co-conspirator. Edwards saved thousands of SARs, “along with thousands of other files containing sensitive government information,” to a government-provided flash drive.