Posted on 07/14/2021 12:19:39 PM PDT by CheshireTheCat
After the 2016 election, a flurry of reports noted Donald Trump’s election was breathing new life into our decaying media industry now that they had important work to do, in a quest to save America from tangerine-tinged fascism. Via NBC News, here’s an update on how that’s working out at one of America’s prestige publications:
Nicholas Thompson, the chief executive of The Atlantic, gave a presentation to employees last month in which he disclosed some uncomfortable truths about the state of the magazine.
Subscription growth, which had skyrocketed in 2020 thanks to the Covid-19 pandemic and the presidential election, had come back down to earth. For the first time, the number of subscribers had plateaued and started to slightly decline. And even with last year’s substantial surge, the magazine had lost more than $20 million and was on track to lose another $10 million this year, according to slides of the presentation shared with NBC News.
Left unsaid, of course, is how foregoing all sense of ethics, propriety, restraint, and good judgment possibly hurt their business model. Atlantic editor Jeffrey Goldberg is no doubt still hunting down on-the-record sources for his anonymous report on Trump calling dead American soldiers “suckers” and “losers” after more than 20 people in the Trump administration publicly denied it...
(Excerpt) Read more at thefederalist.com ...
I think I know one reader.
He’s too cheap to pay for a subscription.
The government needs to funnel money to support all these left wing propaganda outlets—they are Deep State stooges so why not go there?
;-)
Mrs. Jobs is going to have to take out her checkbook again. Oh dear.
I hope this leftist rag goes bankrupt.
ANTIFA is not going to save us from ‘Rat fascism.
There have been many surprisingly good articles in the Atlantic. I suppose one of the reasons that they are doing so poorly is that they are not a pure leftist rag like the New York Times.
"I'm no Henry Luce, but I think I could operate a magazine full of B+ Oberlin term papers for less than $50 million per year."
— David Burge, on Twitter.
Of course, I have no idea who David Burge is. But he makes a good point about The Atlantic.
Iowahawk. ;-)
Liberal Media Deathwatch.
Good riddance to bad rubbish.
Right I saw that. Iowahawk is like Little Green Footballs, right?
“The Atlantic Is Hemorrhaging Money Post-Trump”
So are consumers!
LOL! You’re dating both of us.
Time marches on.
To be fair, they have had some interesting articles. I have posted some here.
But, still I laugh at them and their ilk.
There have been many surprisingly bad articles in a publication that at one point - long long ago - was noted for editorial excellence in selecting well written articles.
Folks, Drudge is another example, forget that when you sacrifice a reputation for editorial brilliance for a political agenda, bang goes the reputation and readership.
We go to those kinds of things because we expect to find information, insight and perspective and inspiration.
A Michelin 3* restaurant can only serve burgers and chips so many times before their clientele dry up.
Cue Grumpy Cat
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