In this edition: The backstory behind Evan Gershkovich’s capture.͏ ͏ ͏ ͏ ͏ ͏ |
| Ben Smith |
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Welcome to Semafor Media, where our endorsement is due right after this newsletter.
Soon after the assassination attempt on Donald Trump in July, a prominent Republican texted me that this was finally the moment when the Establishment — the Clintons, the Obamas, the liberal billionaires — would accept that Trump was a major figure in American history and begin to make accommodations to him. Kamala Harris’ candidacy delayed that accommodation, but the current conventional wisdom that Trump will win seems to have finally broken that resistance.
There’s not a lot more to be said about this week’s abrupt spiking of the Washington Post and Los Angeles Times’ plans to publish their usual Democratic presidential endorsements, which Max Tani has been all over. Of course those endorsements are a vain relic that don’t move votes. And of course a billionaire’s late-October decision isn’t some thoughtful policy choice. But it is, as David Remnick told Max, “a miserable omen” of media owners acting out of fear.
The mess has its comic elements. Confused New York Times readers have been canceling their subscriptions in protest. It will also be interesting to see how billionaires, from Elon Musk to Jeff Bezos, pivot if this electoral coin toss favors Harris.
And news organizations whose owners play politics can still do amazing work. The Murdoch-owned Wall Street Journal, for instance, has been on a tear. But Max — also on a tear — has an awkward, inconvenient story on that subject in today’s newsletter, revealing the internal debate over Evan Gershkovich’s arrest in Russia.
Also today: How Fox News works, why New York Magazine shot on iPhone, BI goes AI, G/O sells Jalopnik, and why there (really) aren’t enough polls. (Scoop count: 6)
Rivals scramble to react to Washington Post endorsement crisis |
| | Max Tani |
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Jeff Bezos at a fashion show in January. (Reuters/Alessandro Garofalo) The Washington Post’s competitors moved quickly to fill the space it vacated when it shifted from being a bulwark against Trump to canceling a planned endorsement of Kamala Harris. Guardian US editor Betsy Reed sent out an email to readers touting her publication’s endorsement of Harris earlier this month and soliciting membership support. The callout to readers of the American version of the British newspaper worked: They pledged more than $1.1 million between Reed’s email going out on Friday and Saturday evening, the biggest single fundraising day for the Guardian’s US operation. “A Guardian editorial strongly endorsed Kamala Harris for president earlier this week — and we are unafraid of any potential consequences,” Reed wrote, calling it “an abdication of our duty as journalists to sit out this election out of self-interest.” |
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Inside the Wall Street Journal, recriminations over Gershkovich’s arrest |
| | Max Tani |
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Evan Gershkovich in Russian court in June. (Reuters/Evgenia Novozhenina) The Wall Street Journal’s triumphant, relieved coverage of Evan Gershkovich’s release this August includes a riveting 8,000-word account of the negotiations that freed him. Like most of the Journal’s extensive coverage, the narrative begins with his arrest on March 29, 2023. Absent is any mention of the Journal’s internal process for approving Gershkovich’s assignment, the details of its security operation, or any of the decisions that led to an ambitious young reporter’s risky trips to the heart of the Russian military-industrial complex in wartime. Since Gershkovich was grabbed by Russian security agents at a steakhouse in Yekaterinburg, the Journal has been silent on a debate festering among its own staff and the community of journalists who cover Russia: how much a complicated if mundane management mess in Moscow and security decisions in New York may have put him at risk.
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The ‘Nate Silver effect’ drives a media poll shortage |
An early voting sign in Georgia. (Reuters/Megan Varner) Poll-obsessed Americans have been disappointed, in the final weeks of the 2024 election, by how few polls media companies are releasing. Part of the blame lies, paradoxically, with the good advice given by the analyst Nate Silver, whose “ biggest influence may be teaching most news junkies to turn to curated averages of polls rather than fret over each one,” Benjy Sarlin writes. The problem now is that media companies and others who pay for expensive surveys in order to drive attention have realized there’s little point in paying for a poll that will just get tossed into an average. “It does become a problem when there are as many aggregators as pollsters,” the Cook Political Report forecaster Dave Wasserman told Benjy. “As the aggregators gain prominence, the pollsters lose some prominence, and the incentives for polling decline.” |
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Business Insider told staff that it is cautiously optimistic about its performance this year, despite a few revenue areas that continue to lag slightly behind the publication’s goals. In a presentation to staff last week, the digital publication, which is in the midst of a yearslong editorial rebrand and pivot, said that its advertising and online commerce businesses were on track to meet their targets this year. However, the publication’s leadership said its subscription and syndication numbers were running “slightly behind” where it hoped they would be at this point in the year. The presentation noted that the publication’s subscriptions were growing, powered by a new “smart paywall,” and that they could be boosted by an upcoming site redesign, but that overall web traffic has continued to dip. “Business Insider sets ambitious targets because we believe in the importance of sustainable journalism — our results show that our strategy to orient around being the go-to destination for business, tech and innovation coverage is working,” a spokesperson said in an email. This comes as BI rolls out an AI onsite search tool that will generate bullet points from content from the site. “We must continue to be bold and brave and evolve, and as we continue on our journey to engage our most loyal audience,” CEO Barbara Peng said in an email. And: G/O Media is continuing to sell off its remaining media properties. As Semafor first reported last week, the digital media company sold auto site Jalopnik to Static Media. G/O, which is involved in a series of costly public legal battles, also quietly laid off several business and tech staffers last week, two people familiar with the situation told Semafor. — Max Tani |
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Unsplash/Max Grafite New York Magazine amused the media world last week with an issue full of black-and-white headshots of the jabbering, gesticulating Media Elite that made everyone look like ’30s screwball comedy characters. They were shot by photographer Paul Kooiker, unusually, on an iPhone. Was this a stealth Apple promotion, we asked New York’s Lauren Starke? “The photographer always works on an iPhone, and for this shoot we used some borrowed from Apple given that we had many remote shoots. We agreed to mention the fact that he shot on iPhones both to acknowledge Apple and because we thought it would be interesting to readers,” she responded. |
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