The Briefing Room
General Category => National/Breaking News => Topic started by: rangerrebew on December 14, 2018, 05:47:36 pm
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Anti-Trump News Source Shutting Down
2018-12-14 Source: TTN by: TTN Staff
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Anti-Trump News Source Shutting Down
By Gage Skidmore from Peoria, AZ, United States of America (Bill Kristol) [CC BY-SA 2.0
The Weekly Standard a conservative news source that has been extremely anti-Trump has announced that it will close.
According to The Daily Wire:
The rumors were everyone around Washington in recent days, but now it's official: Bill Kristol’s magazine The Weekly Standard will shut down.
The magazine, founded in 1995, will shut down after its final issue is published Monday. "Ryan McKibben the CEO of the magazine’s parent company Clarity Media told staffers in an all-hands meeting on Friday morning," The Wrap reported.
http://trumptrainnews.com/articles/anti-trump-news-source-shutting-down (http://trumptrainnews.com/articles/anti-trump-news-source-shutting-down)
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The Weekly Standard, a conservative magazine critical of Trump, to shutter after 23 years
By Oliver Darcy, CNN Business
Updated 2:29 PM ET, Fri December 14, 2018
New York (CNN Business)The Weekly Standard, the magazine that espouses traditional conservatism and which has remained deeply critical of President Donald Trump, will shutter after 23 years, its owner Clarity Media Group announced Friday morning. The magazine will publish its final issue on December 17.
The announcement came after the magazine's editor-in-chief, Stephen Hayes, met privately with Ryan McKibben, the chief executive and chairman of Clarity Media Group, a media holding company owned by billionaire Philip Anschutz.
"For more than twenty years The Weekly Standard has provided a valued and important perspective on political, literary and cultural issues of the day," McKibben said in a press release. "The magazine has been home to some of the industry's most dedicated and talented staff and I thank them for their hard work and contributions, not just to the publication, but the field of journalism."
Employees were told at an all staff meeting, which CNN obtained an audio recording of, that they would be paid through the end of the year, and that afterward they would receive severance which would range in scale depending on factors like seniority. To receive severance, however, employees would need to sign a strict non-disclosure and non-disparagement agreement.
"I know it's an emotional day, but I want to tell you don't get on social media and attack anybody because it will put your severance in jeopardy," McKibben told employees in the meeting.
more
https://www.cnn.com/2018/12/14/media/weekly-standard-end/index.html (https://www.cnn.com/2018/12/14/media/weekly-standard-end/index.html)
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I had a trial subscription years ago. Sometimes they had decent content. Mostly, it was wonky and boring.
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Owner Philip Anschutz, is a very, very wealthy man. A conservative Christian one.
His financial stake in WS, is little more than a pimple of little Billy ristol's backside. My guess is he grew weary of pumping more money into a bottomless media pit, while media, news, internet age change.
The fact no buyer could be found, tells me the opinion organ is basicly worthless.
If Anschutz, himself, agreed with the Anti-Trump editorial mission adopted, that had to be a factor.
But during recent years, many businesses, have failed to adapt to the Internet Era.
Watch for Billy Kristol to appear with Flake, Sasse, Corker and other "conservatives" on Sunday mornings.
After Perot, after Buchanan, after the Tea Party, the GOP establishment has reason for confidence they can defeat Trump, too.
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I would like to think that weasel Chrystal would be broke and homeless,but he will probably just go to work for CNN for more money.
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(https://pics.me.me/well-bye-28028501.png)
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Absolutely idiotic to have continued the NT syndrome well past the election.
Pelosi could have not done better. The difference is Pelosi is expected to behave that way and makes money off her husband's business dealings.
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The fact no buyer could be found, tells me the opinion organ is basicly worthless.
Actually, at first Standard editor Stephen Hayes was allowed to hunt for a buyer . . . until Clarity Media Group's MediaDC (the Standard's official publisher) pulled the plug and told Hayes they no longer wanted to sell the magazine.
John Podhoretz, the Standard's film critic, wrote this about the magazine's demise (https://www.commentarymagazine.com/politics-ideas/murder-weekly-standard/) (its murder, he wrote . . . ):
There would at least be a larger meaning to the Standard’s end if it were being killed because it was hostile to Donald Trump. But I do not believe that is the case. Rather, I believe the fissures in the conservative movement and the Republican party that have opened up since Trump’s rise provided the company man with a convenient argument to make to the corporation’s owner, Philip Anschutz, that the company could perhaps harvest the Standard’s subscriber-base riches and then be done with it.
That this is an entirely hostile act is proved by the fact that he and Anschutz have refused to sell the Standard because they want to claim its circulation for another property of theirs. This is without precedent in my experience in publishing, and I’ve been a family observer of and active participant in the magazine business for half a century.
. . . To be sure, it has never made money. Magazines like it never make money. But its circulation has always been extraordinarily healthy in opinion-journal terms. And within the giant corporations run by the wealthy men who started the Standard and then bought it—Rupert Murdoch and then Anschutz—its annual losses were a rounding error, akin to the budget for the catering on one of their blockbuster movie productions. But if Anschutz had been motivated by an unwillingness to bear the cost any longer, he could have sold the Standard. He chose not to. He chose to kill it.
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I had a trial subscription years ago. Sometimes they had decent content. Mostly, it was wonky and boring.
One less "would you like to subscribe magazine letter" in my mailbox.
I thought about subscribing once and went to the library and read a couple
of their issues. Nah. Not for me.
The anti Trump stance sealed the deal.
A bankruptcy is a learning experience. Hope they learn something.
:)
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I had a trial subscription years ago. Sometimes they had decent content. Mostly, it was wonky and boring.
As far as long-reads go, I do enjoy Gregg Easterbrook and his Tuesday Morning Quarterback column every once in a while; I've read it since high school. That one will probably find a new home as it has quite a few times before.
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As far as the magazine as a whole:
There are basically four sellable assets that the Standard has: the subscriber base, the trademark, the Web site, and the archives. Anschutz wants the subscriber base, and if they really want it that bad, they can probably keep it. However, keep in mind that the magazine was not originally published by Anschutz: it was actually part of the Fox empire, but spun off when they bought the Wall Street Journal. Now that Fox has a few billion kicking around from the sale of its entertainment division, I wonder if they might be willing to buy back the trademark and the Web site, perhaps use it for something higher-brow than their Fox News content.
Maybe I'm just fantasizing.
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The Weekly Standard obviously made a wrong business decision when they mirrored the MSM in its quest to bring down the President.
Ya think they'd have learned/studied from Chick-fil-A or Field and Stream's example of marketing strategies.