Sara Fischer
Sara Fischer
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The Atlantic lays off almost 20% of staff

The Atlantic lays off almost 20% of staff

Photo: Robert Alexander/Getty ImagesThe Atlantic is laying off nearly 20% of staff, according to an internal note from David Bradley, the publication's chairman, that was obtained by Axios.Why it matters: It's the latest media company that's been been forced to take drastic measures to survive the economic fallout from the coronavirus pandemic.The state of play: The 68 staff cuts are mostly attributable to the collapse of the company's events business, which was one of its strongest pillars for many years. Between the lines: The Atlantic's new majority ownership stake from Emerson...

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Sara Fischer
5d ago
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The Economist Group lays off 90

The Economist Group lays off 90

Illustration: Sarah Grillo/AxiosThe Economist Group is laying off 90 roles from its staff of 1,300, sources tell Axios. Its life and culture print publication, , will move to a digital-only publication. Sources say that the company's editorial team hasn't been impacted. Why it matters: It's the latest media company that's been been forced to take drastic measures to survive the economic fallout of the coronavirus.Details: The areas of the business affected by the cuts include events, client solutions business, and the company's marketing communications agency TVC.What they're saying: "We...

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Sara Fischer
May 15
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GOP's small-dollar fundraising platform raises $60M in April

GOP's small-dollar fundraising platform raises $60M in April

Illustration: Sarah Grillo/AxiosRepublicans raised nearly $60 million on their new digital fundraising platform "WinRed" in April, sources tell Axios, its largest single-month fundraising haul ever. Why it matters: The GOP is on pace to bring in roughly $400 million from small-dollar donations via WinRed in its first year of operations. Republicans have for years trailed Democrats in soliciting small-dollar donations online prior to launching WinRed.Details: In April, WinRed brought in $59.755 million across more than 1.6 million small-dollar donations. The average donation amount was $37....

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Sara Fischer
May 15
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The "plandemic" conspiracy theory is the latest in a series of myths around the coronavirus

The "plandemic" conspiracy theory is the latest in a series of myths around the coronavirus

The coronavirus conspiracy news cycle has grown more powerful off of audiences that were already susceptible to misinformation about other health care myths, like anti-vaccination conspiracies. Driving the news: The latest conspiracy theory — that the virus is a "plandemic" engineered to increase vaccination rates — stems from a documentary-style video featuring a discredited medical researcher that has gone viral. Flashback: Mentions of “Plandemic” were fairly low in March and early April, and were really only picked up a handful of times in conversations that also referenced other...

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Sara Fischer
May 12
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New York Times reports record new subscriptions, warns of major ad losses

New York Times reports record new subscriptions, warns of major ad losses

The New York Times said during its earnings report on Wednesday that it saw more than a half-million new subscribers — roughly double the amount of net new subscriptions that it typically sees in any given quarter.Why it matters: Despite the fact that more , news companies like The Times are struggling to bring in ad revenue during the coronavirus pandemic. What they're saying: “The Times’s business model, with its growing focus on digital subscription growth and diminishing reliance on advertising, is very well positioned to ride out this storm and thrive in a post-pandemic world," CEO...

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Sara Fischer
May 6
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Activist investor Elliott Management funds patent lawsuit against Quibi's flagship technology

Activist investor Elliott Management funds patent lawsuit against Quibi's flagship technology

Photo: Igor Golovniov/SOPA Images/LightRocket via Getty Images Elliott Management, one of the most feared , is financing a patent lawsuit on behalf of a small interactive video company against the splashy new mobile streaming company Quibi, a person familiar with the lawsuit tells Axios.Why it matters: Elliott Management's involvement escalates the months-long battle over who owns the video technology that powers Quibi's entire business. Quibi in April, and has struggled to stick to its amid the coronavirus pandemic. Details: The lawsuit alleges that Quibi's flagship technology, which...

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Sara Fischer
May 4
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Coronavirus sends local news into crisis

Coronavirus sends local news into crisis

Illustration: Sarah Grillo/AxiosDozens of local newsrooms began laying people off this week out of fear that the economic hit of the coronavirus could severely impact their ad revenue.Why it matters: Local news was already facing in the United States. The coronavirus and a pending recession could push the industry into near collapse at a time when people need access to local news and information more than ever before. Driving the news: Despite the fact that local outlets are experiencing higher levels of traffic and viewership in years, many have wasted no time trying to get ahead of what...

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Sara Fischer
Mar 21
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Most-Shared Links During Debate Were Pro-Trump Tweets Pushed by Bots

Most-Shared Links During Debate Were Pro-Trump Tweets Pushed by Bots

More than 1,000 accounts across several different social media platforms with suspicious, bot-like characteristics helped push quote tweets, a tweet that is retweeted but additional text is added, from Donald Trump campaign accounts during the third primary debate, according to an analysis provided to Axios by social media intelligence company Storyful. Those tweets accounted for the top 3 most-shared links across several social media platforms, including Facebook, Reddit, etc., during the debate. Why it matters: Despite attempts by social media companies to weed out malicious behavior...

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Sara Fischer
Sep 14
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New Google Rules Aim to Boost Original Reporting in Search Results

New Google Rules Aim to Boost Original Reporting in Search Results

Google said Thursday that it has recently adjusted its algorithms and the guidelines used by the people that rate its search results to elevate original reporting. Why it matters: The moves aim to provide an incentive for news organizations to focus on fresh reporting as opposed to quick aggregation of other news reports. Details: Google has rolled out 2 updates over the past few months. The company has adjusted its algorithms to ensure that original reporting stays near the top of search results longer. It has updated the guidelines that people use to evaluate search ratings to help...

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Sara Fischer
Sep 12
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Andrew Yang Gets Media Cold Shoulder

Andrew Yang Gets Media Cold Shoulder

Despite polling in the top 6 of the Democratic primary and getting plenty of online attention, businessman Andrew Yang is being treated by the media like a bottom-tier candidate. Why it matters: The discrepancy between demonstrated voter support and the level of media coverage — both on cable and in the online world — shows that the press is in unfamiliar territory in covering a candidate from outside the political world who keeps a low profile. Driving the news: Last week, Yang supporters complained of a #YangMediaBlackout after CNN left their candidate off on-screen polling graphics of...

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Neal Rothschild
Sep 3
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