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Tim Pool Daily News

Huffington Post Was Just Put On The Chopping Block, Layoffs Announced At Leftist Media

Tim Pool Daily News

Timcast Media

Politics, Society & Culture, News

4.47.3K Ratings

🗓️ 19 October 2019

⏱️ 96 minutes

🧾️ Download transcript

Summary

Huffington Post Was Just Put On The Chopping Block, Layoffs Announced At Leftist Media. Verizon has been seeking to sell off the Huffington Post, a move which will likely result in layoffs regardless of the result.The company is seeking to slim down its digital media business at a time when many media companies are facing shortfalls, budget cuts, and layoffs.CNN, VICE, Buzzfeed, Verizon, Disney and more have faced declining viewership, ratings, and revenues for the past few years and this is just another trend is the downfall of leftist and far left digital media. At the same time conservative media seems to be seeing a resurgence with Fox News doing particularly well in growth and ratings.This all follows a trend of companies basically following "get woke go broke" as a business plan. Vice for instance used to be edgey and taboo but now follows the establishment political orthodoxy. Not too long after getting woke they started to go broke.Vice News sadly has merged with Viceland after being canceled on HBO.The trend of collapsing leftist media will likely continue and with it the political push toward the far left. It could be possible that the exploitation of social justice narratives persists or that it fades with the passing of social justice digital media. Support the show (http://timcast.com/donate) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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