4.4 • 7.3K Ratings
🗓️ 19 October 2019
⏱️ 96 minutes
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0:00.0 | Major breaking news from last night, Verizon is seeking to sell the Huffington Post. |
0:05.7 | This is huge. |
0:06.9 | It may be the biggest news in the downfall of digital media that we've been seeing occur over |
0:11.3 | the past few years. Regardless of whether or not Verizon can actually sell the Huffington Post, |
0:16.5 | I think it's fair to say, we can expect layoffs. If they can't sell and they want to deprioritize, |
0:22.4 | they're going to cut costs. And if they do sell, the new buyer is going to want to streamline things. |
0:27.2 | But this is all occurring around another big story in the downfall of media. Vice just had |
0:33.7 | layoffs last month and there's a lot of news pertaining to vice news being cancelled, |
0:38.2 | the merger of vice news in vice land. And all of these are smaller stories that on their own |
0:43.0 | didn't warrant a bigger video, but now we can see the fuller picture. So the question I've asked |
0:47.8 | over and over again is, why are these media outlets failing? At the same time, conservative media is |
0:52.8 | doing particularly well, as well as moderate centrist and even to an extent liberal that's not |
0:59.5 | so ideologically intersectional, I would say. What is the cause? Well, I think I've just described |
1:05.0 | it for you. What I want to do is we'll go over the latest news and I want to talk about what I see |
1:11.1 | as somebody who is. I would still say to an extent I'm an insider with some of these organizations |
1:15.6 | because of the organizations I'm a member of and the people I regularly communicate with, but |
1:20.7 | admittedly I'm not as much of an insider in media as I used to be, but I could predict this. |
1:25.5 | Let me tell you, from the determination of splinter news, which just happened only a week or two ago, |
1:32.4 | that used to be called fusion. I worked there. I warned them this would happen. From vice, |
1:37.2 | I used to work there as well. I warned them that this would happen and now we are seeing these |
1:40.4 | companies take the big hit and I believe it has to do with their partisan ideological left-wing push. |
1:47.2 | Let's get started with the story from the Financial Times. Verizon seeks buyer for Huffington |
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