Episode 7: Cable News Shake-Ups and WaPo

We discuss the potential prime-time shake-ups at cable news outlets, the Bezos purchase of the Washington Post, CNN’s reach for relevance, and when to use inside information. Listen Here.

Facebook Protest Event. 

BEZOS BUYS THE WASHINGTON POST

Amazon.com founder Jeff Bezos purchased the Washington Post for $250 million.

LINK: http://www.washingtonpost.com/national/washington-post-to-be-sold-to-jeff-bezos/2013/08/05/ca537c9e-fe0c-11e2-9711-3708310f6f4d_story.html?hpid=z1

Does this purchase signal a change in direction for the newspaper industry as Bloomberg suggests?

“The patrons underwrite a relatively small cadre of professionals, while the amateurs use other sources of income to subsidize their work.”

LINK: http://www.bloomberg.com/news/2013-08-06/billionaire-barons-back-in-the-newspaper-game.html

2nd take from the Post: http://www.washingtonpost.com/business/bezoss-impending-buy-harks-back-to-days-of-the-wealthy-at-newspapers-helms/2013/08/05/0f5f6070-fe29-11e2-9711-3708310f6f4d_story.html

Is this another massive technology change that will alter the way we consume news forever?

LINK: http://techcrunch.com/2013/08/05/bezos-not-bozos/

Is the purchase a win for Libertarians?

LINK: http://www.slate.com/blogs/weigel/2013/08/05/jeff_bezos_inscrutable_libertarian_democrat.html

The Guardian sees the purchase as a sign of the times, out with old minded and in with the innovators. The most likely play for Bezos is to use the WaPo as a content vertical with some interesting Kindle delivery apps. Agree?

FROM THE ARTICLE: “This is a new business. Realizing that, and understanding that they can’t possibly compete, old owners will now rush to the exit, with even less hope of getting anything than they had before. New potential owners, conscious that a historical transformation is finally in progress, and that a power shift is occurring, are going to look to stake their ground.”

LINK: http://www.theguardian.com/commentisfree/2013/aug/06/washington-post-rekindled-jeff-bezos

CNN RESURGENCE

We talked last week about Jake Tapper reporting on Benghazi. During a recent The Situation Room broadcast, Arwa Damon conducted an interview with a suspect in the Benghazi attacks. Following that interview, Drew Griffin reported that more than 30 CIA agents were on the ground in Libya during the attacks and that they are under pressure not to talk to the media or Congress.

Now Erin Burnett on Out Front went after Jay Carney and his perpetual deflection machine, and the inability of the administration to give a straight answer on anything other than food.

MEDIA ACCESS TO POWER 

CNN’s new found willingness to report on stories that could be troublesome for the Obama administration have some reporters worried that their access to the President and members of his administration could be in jeopardy. Is access granted and revoked based on the contents of the stories being told? Are “loyal” reporters rewarded with exclusives and sanctioned leaks?

FROM THE ARTICLE: “Access is a very serious consideration when it comes to stories that could adversely impact a show, correspondent, or network’s relationship with the administration, a campaign, or any political leader,” one source with insider information told Mediaite.

LINK:  http://www.mediaite.com/tv/the-other-benghazi-scandal-journalists-worry-covering-the-attack-threatens-white-house-access/

JAY CARNEY SAID WHAT!?!!?

CLOSING

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