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Wednesday, 16 November 2016

Business Booms at N.Y. Times, WSJ as Showdown With Trump Looms

The nonprofit news organization ProPublica typically receives about 10 donations a day. On Monday, its website was deluged with about three every minute.

ProPublica is one of several outlets, including the New York Times and Wall Street Journal, witnessing a swell in donations or subscriptions since Donald Trump’s victory in the Nov. 8 election. ProPublica, the Times and the Washington Post got a boost Sunday from HBO comic John Oliver, who lamented “fake facts” that circulated on social media during the campaign and urged viewers to “support actual journalism.”

“A lot of people after the election feel compelled to respond in one civic way or another, and journalism is an important part of that,” said Richard Tofel, ProPublica’s president.
The support is a hopeful sign for an industry looking to answer how so many journalists missed the Trump surge. Hurt by the loss of readers and advertisers over many years, newspaper publishers have had to cut their staffs and pare their coverage. The Wall Street Journal cut at least 50 positions this month.

At the Times, new print and digital subscriptions have risen at four times their normal rate since election day, according to spokeswoman Eileen Murphy. The company saw record traffic on its website Nov. 8 through Nov. 10, the newspaper said in a statement Monday.
In a Nov. 13 letter to readers, New York Times Co. Chairman and Publisher Arthur Sulzberger Jr. and Executive Editor Dean Baquet vowed to “rededicate” the newspaper “to the fundamental mission of Times journalism.”

While the two said they believed their coverage of both presidential candidates was fair, they also asked, “Did Donald Trump’s sheer unconventionality lead us and other news outlets to underestimate his support among American voters?” Baquet also said separately in a Times story that journalists have “to do a much better job of being on the road, out in the country, talking to different kinds of people than the people we talk to.”



 From Bloomberg, read it HERE

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