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Will the media be able to resist citizen Donald Trump?

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The media has always had a soft spot for Donald Trump.

All journalists are biased towards extremes: big characters, outrageous statements and unprecedented events. We don't write about the millions of successful airplane landings every year; we write about the handful that crash.

Trump ran for president despite having no political experience and a mixed business track record (at best). But the media showered him with attention – millions of dollars in free advertising – because they knew his inflammatory remarks would attract viewers, readers and listeners. He was the most compelling character, if not the most qualified candidate.

Many of these news outlets thought the Trump campaign would crash and burn, and wanted to milk the drama for as long as they could. But it turns out millions of Americans were drawn to his message, and he rode the free publicity to a victory in the election.

Now, Trump has been voted out of office, so it's time to ask how the media will treat him when he is once again a private citizen.

The last two presidents receded from the spotlight after they left the presidency. Bush was widely reviled due to the economic crisis and two unpopular wars, while Obama, though popular, was tired of the spotlight. Obama didn't disappear to the same extent that Bush did, but he didn't seek attention either.

Trump has never tired of the spotlight. Well before he was president, he built his persona and his myth using the media. He was a fixture of the New York tabloids, and starred in a certain prime time show on NBC.

It is not crazy to think that Trump will spend much of his post-presidency attempting to remain the center of attention, whether that's campaigning to run in 2024, launching his own news network or reclaiming his seat atop the Trump Organization.

A former president criticizing his predecessor and making outlandish statements will be catnip for the press; whether it's newsworthy is less obvious.

TV producers and social media networks justified incessant coverage of Trump's every fulmination by pointing to his office. Trump is the president and just about anything the president says is newsworthy. Social networks couldn't take down his statements because it was in the public interest to know what the president said.

That policy softened this week when Trump made unsubstantiated claims about voter fraud and alleged in a national address that he'd won the election. While Fox News carried the speech in its entirety, MSNBC and three broadcast networks cut away. Facebook and Twitter spent much of the week labeling Trump's posts to ensure people knew they were providing misleading information about the election.

There are a couple ways of reading this. Either these companies and networks knew they were under unprecedented scrutiny because of the election, or they no longer felt the need to cater to the whims of Trump now that he was losing power. 

By this logic, TV networks and social media organizations should be less willing to give Trump unfettered air time than they did the last time he was a private citizen. Trump will no longer be able to violate Twitter's rules with impunity when he leaves the Oval Office.

But the media also obsessed over Trump because he made them money. As disgraced media baron Les Moonves once said, Trump may not be good for America, but he's good for CBS.

Even if Trump leaves the stage, the media will be hungry for conflict, outrage and anything that keeps you tuned in. The New York Times has thrived during the Trump presidency. So have Fox News, MSNBC and the Washington Post.

But in this instance, the viewer holds the ultimate Trump card. You can always change the channel. – Lucas Shaw

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The second breakup of AT&T

Illustration: Joseph P. Kelly.

Illustration: Joseph P. Kelly.

AT&T was the dominant phone company for much of the 20th century, but it got so big that the government forced it to break up. Those businesses then reconsolidated -- again under the name AT&T -- and then went on a shopping spree, buying DirecTV, Time Warner and a bunch of smaller transactions.

Once again, AT&T is too big, writes Scott Moritz. Only this time, management and investors are clamoring for the company to shrink. CEO John Stankey "says his plan of attack is to focus on three key growth areas: wireless — particularly 5G — where there's hope for new consumer and business applications; fiber-optic network connections to accommodate surging data traffic; and HBO Max, the online streaming future of AT&T's video ambitions."

AT&T may unload all or part of the following businesses:

  • DirecTV, the incredible shrinking satellite TV company. 
  • Vrio, DirecTV's Latin American business.
  • Warner Bros. Interactive Entertainment, its video game business.
  • Crunchyroll, the anime video service.
  • CNN.
  • Xandr, its online ad business.
  • Regional Sports Networks.

Apple, Sony Music explore buying Wondery

Apple Inc. and Sony Music Entertainment have each held talks about potentially acquiring Wondery, the producer of "Dirty John" and "Dr. Death," setting the stage for the biggest deal yet in the booming podcasting market.

Wondery is seeking $300 million to $400 million in a possible sale. Apple and Sony are two of at least four companies that have discussed a deal with Wondery.

Advertising is leaving TV for the internet

Stop me if you've heard this before. Here's a snapshot of the advertising climate from third quarter numbers:

  • YouTube advertising sales climbed 34% to more than $5 billion.
  • Roku "platform" sales, much of which is advertising, grew 78%.
  • AMC Networks' advertising sales fell 15%. Fox Corp.'s ad sales fell 7%. Viacom CBS Inc.'s ad sales fell 6 %.

So TV bad, internet good. The TV companies will note the ad sales didn't drop as much as they did in the previous quarter, and that's true. But Fox and ViacomCBS reported lower ad sales than last year in an election year! That's not supposed to happen.

ESPN slims down

Speaking of the struggles of TV companies… the world's largest sports media company fired 300 staffers and said it would not fill 200 vacant positions, reducing its overall headcount by 500. Connor Schell, one of the company's top executives, is also leaving, though it appears to be his decision.

The company blamed the cuts on "tremendous disruption in how fans consume sports," and said it is planning for the future. ESPN was once the most profitable division at Disney, but that changed as the number of people who paid for a cable or satellite subscription plummeted.

Spotify's misinformation problems

Spotify took down an episode of Steven Bannon's podcast in which the former Trump advisor called for the beheading of Dr. Anthony Fauci and FBI director Christopher Wray. Spotify employees wanted the app to take down an episode of Joe Rogan's podcast in which he talked to conspiracy theorist Alex Jones.

So is Spotify the next technology platform to struggle with stemming the flow of misinformation? Nick Quah has a good breakdown of the issue in the latest issue of his newsletter. Spotify says no, but most tech reporters think yes.

Top of the pops

  • NFL ratings are down 7% so far this year, per Front Office Sports. We should soon see what role the election played.
  • Luke Combs's album returned to the No. 1 spot on the Billboard charts thanks to a new deluxe version. Ariana Grande is about to take that top spot.

Weekly playlist

Rhye has a new song called "Black Rain," but you should really listen to whatever music puts a big smile on your face.

Columbia's Business of Entertainment
 

 

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