The massive communications conglomerate, Verizon is reportedly scrambling to unload HuffPost, the liberal news entity that was once seen as being on the cutting edge of the digital news landscape before waning substantially in recent years.
AOL bought HuffPost back in 2011 for $315 million, and then Verizon gained control over the leftist news site after they acquired AOL in 2015 for a stunning $4.4 billion. They are now looking to dump it as the public grows weary of fake news, particularly the site’s biased and deceptive coverage against President Donald Trump.
Verizon should expect to get nowhere near the $315 million that AOL paid for the site back when investors believed that leftist media entities had value. The correction in the marketplace has been sharp, and Verizon is learning that the hard way. They had to unload the leftist-dominated social media site, Tumblr for under $20 million in August after inheriting it following the purchase of Yahoo for $4.7 billion in 2017. Yahoo had paid a whopping $1.1 billion for Tumblr in 2013.
The news comes after industry-wide layoffs have shaken the fake news industry, with HuffPost being one of many digital media entities to take a massive hit. BuzzFeed and Vice are two other outlets that have had to downsize substantially this year:
According to The Hollywood Reporter, Vice is expected to cut 10 percent of its workforce.
“Around 250 jobs are expected to be cut, a company spokeswoman tells The Hollywood Reporter, as the 2,500-person Vice reduces redundancies internationally and reorients to focus on growth areas like film and television production and branded content. All departments at every level are expected to have layoffs, from IT to finance to television,” the report said.
The layoffs come just a week after BuzzFeed and HuffPost announced cuts to their own staffs. All in all, it’s a tough time to be in the leftist fake news business…
Fortunately for the victims of the recent press layoffs, there are other ways in which they can contribute to society. For example, they can learn to code here.
ThinkProgress, the once-influential liberal media organ founded by the Center for American Progress, was forced to close its doors completely last month:
ThinkProgress, the beleaguered left-wing propaganda outlet, is officially closing its doors today after undergoing serious financial trouble over the past several years.
A project of the Center for American Progress (CAP) – a Washington D.C. think-tank founded by Clinton insider and suspected pizza partier John Podesta – it will close as they were unable to find a publisher to run the site or a donor willing to pony up the funds to keep it operational despite its growing revenue losses.
“Given that we could find no new publisher, we have no other real option but to fold the ThinkProgress website back into CAP’s broader online presence with a focus on analysis of policy, politics, and news events through the lens of existing CAP and CAP Action staff experts,” said Navin Nayak, who works as executive director for the Center for American Progress Action Fund.
President Trump is winning his war on the fake news, as these entities that regularly produce propaganda against him are finding that the market is drying up for their less-than-credible content.
OWNED: ‘The Federalist’ Employees Slam Never Trump Hack David Frum for Insinuation of Conservative Gender Bias
Frum is a disingenuous virtue signaler.
Disgraced former Bush speechwriter David Frum, who abandoned the GOP to become a Never Trumper and Democrat operative, made a complete idiot of himself on social media on Thursday.
Frum posted a bizarre conspiracy theory, naming people such as left-wing journalists Matt Taibbi and Glenn Greenwald, Fox News host Tucker Carlson, podcast host Joe Rogan, the writers at The Federalist, and Donald Trump Jr. as part of a new milieu centered around a mutual disdain for U.S. power, or something.
“Wanted: smart, non-polemical assessment of emergence of Tucker Carlson, Joe Rogan, Glenn Greenwald, Donald Trump Jr., Matt Taibbi, the Federalist group of writers etc. as a coherent and cohesive faction in American politics. They share more than just the same dislikes,” Frum wrote in a tweet.
He started a Twitter thread to justify selling out his party and his country while hurling accusations at various political enemies who he arbitrarily grouped together.
“Trump put racism, misogyny, cruelty, corruption, authoritarianism on a giant billboard and forced us all to look. Could we accept? Those who said No found themselves in tandem with others who said No,” Frum wrote.
“Trump pushed Never Trump Republicans into partnership with moderate Democrats – and prodded even formerly conservative minded people – to see power in ideas like Me Too and Black Lives Matter,” he added.
“And that’s what we’re seeing in this fusion of the pro-Trump right with factions of the far left. Both are mistrustful of US power as a force for good. Both recoil from “centrism.” And both have heard quite enough from women and minorities, thank you very much,” Frum concluded.
While Frum’s rant is obviously meritless drivel, he really stepped into it when he made a drive-by comment to virtue signal to his left-wing, anti-male “Resistance” followers.
I don't think it's a coincidence that this group includes no women. https://t.co/bAnVzHCE6w
— David Frum (@davidfrum) October 29, 2020
Writers for The Federalist, the conservative media outlet that employs many female reporters, and other like-minded conservatives have spent the entire day dunking on Frum for his idiotic and humiliating comment.
The Federalist staff is majority female, but OK. https://t.co/1doGpzh4L3
— Mark Hemingway (@Heminator) October 29, 2020
I and the majority of our staff are women, my dude. https://t.co/jOXmegrtWk
— Mollie (@MZHemingway) October 29, 2020
— Mollie (@MZHemingway) October 29, 2020
"Do you hear that noise? What is that? Is that a mouse?" – David whenever a woman speaks https://t.co/iP7Ndq0DsX
— Kate Hyde (@KateHydeNY) October 29, 2020
We have more women writers and editorial representation than any other major publication, period. And I have more babies than every other woman editor in the entire world. 😊 https://t.co/lKeIs3vvCV
— Joy Pullmann (@JoyPullmann) October 29, 2020
I imagine @MZHemingway, @emilyjashinsky, @InezFeltscher, @JoyPullmann, @madelineorr, et al. would object to your attempted (misogynist?) erasure of their significant body of work at @FDRLST. https://t.co/k4vZi5boKy
— Spencer Brown (@itsSpencerBrown) October 29, 2020
Two things are true at @FDRLST:
1. We believe men and women are different.
2. We employ a majority of the latter. https://t.co/tMFjS4VOy3
— Kylee Zempel (@kyleezempel) October 29, 2020
— Jordan Davidson (@jordangdavidson) October 29, 2020
Big League Politics has been hammering Frum for years as he has emerged as perhaps the most dishonest charlatan among the “Never Trump” defectors:
Former George W. Bush speechwriter David Frum, a face of the NeverTrump “Republican” establishment, lost the Munk debate in Toronto to Steve Bannon, populist-nationalist CEO of the President Trump 2016 campaign and original Trump White House chief strategist.
Frum is one of the few media-friendly so-called conservatives still clinging to newsprint in the age of Trump by throwing spitballs at the wildly successful Commander in Chief. (He also wrote a book on W. Bush entitled “The Right Man,” lest we forget).
Bannon fans were looking forward to the confrontation…
Perhaps during term two, President Donald Trump could have Frum arrested for his role in devising and selling the public on the Iraq War.
Tech4 days ago
Twitter Censors Audio of Detroit Poll Workers Being Trained to Lie to Voters, Destroy Ballots, Stop Challengers
Campaign 20203 days ago
George Soros is Desperately Throwing Money at Minority Voters to Get them to Vote Democrat
Sex Crime3 days ago
Joe Rogan Confirms “Conspiracy Theorist” Alex Jones Was The First One Warning About Jeffrey Epstein
Tech3 days ago
Mailchimp Issues New Terms of Service Banning All ‘Misleading’ Content ‘in Their Sole Discretion’
Campaign 20204 days ago
SEVEN THOUSAND Donald Trump Supporters Take to the Streets of Peoria, Arizona in MAGA Parade
Congress2 days ago
WOW: Twitter CEO Jack Dorsey Caught LYING UNDER OATH about Censorship in Senate Testimony
Campaign 20203 days ago
“You All Think I’m Kidding, Don’t You?”: Joe Biden Calls Himself Kamala Harris’ RUNNING MATE
Campaign 20202 days ago
SUCCESS: Michigan Voter Integrity Lawsuit Results in New Directive Empowering Poll Challengers