Social Justice Media Companies Are Falling Apart
Timcast News
Timcast Media
4.6 • 7.4K Ratings
🗓️ 8 July 2018
⏱️ 15 minutes
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Transcript
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| 0:00.0 | The news for Univision and the Fusion Media Group is going from bad to worse. |
| 0:05.4 | There's a saying that goes around in the anti-social justice circles called GetWoke Go Broke, |
| 0:10.7 | and the idea is that when companies try to push into political correctness, |
| 0:14.6 | they see problems, they lose money. Now, full disclosure, I worked at Fusion, the Univision |
| 0:19.3 | subsidiary for two years, and I personally witnessed a lot of these problems. The news today |
| 0:24.8 | is that Univision is trying to sell the Fusion Media Group. And what's really interesting about |
| 0:29.4 | this is that Fusion Media Group includes the Gizmodo Media Group, which is remnants of gocker.com. |
| 0:36.5 | It would seem that trying to purchase up these woke brands didn't actually work, |
| 0:41.7 | and as resulting in layoffs and buyouts. So let's explore this idea of GetWoke Go Broke. |
| 0:48.4 | And the question that I want to ask is why is the Fusion Media Group doing poorly? What caused |
| 0:55.6 | them to fail? And I'm going to give you my personal experience on this one. |
| 1:01.9 | But before we get started, please head over to patreon.com, |
| 1:05.1 | forward slash Timcast to become a patron in order to support my work. This is what I do for living. |
| 1:10.1 | I produce videos, I do on the ground reporting. So if you like these videos and you do want to see |
| 1:15.2 | more on the ground reporting when big breaking news happens, please consider becoming a patron at |
| 1:20.3 | whatever level you feel comfortable today. Our first story is from Variety.com, Univision looking |
| 1:26.2 | to sell Fusion Media Group. Univision Communications now wants to unload Fusion Media Group, |
| 1:31.2 | coming two years after it bought a half dozen websites from gocker media, |
| 1:35.2 | and a bid to boost its reach among younger audiences. The Hispanic Media Giant is exploring |
| 1:40.2 | a sale of Fusion Media Group The Wall Street Journal reported. Univision declined to comment. |
| 1:45.0 | The strategic aboutface comes after Univision cancelled its initial public offering plans earlier |
| 1:50.0 | this year and has seen broad turnover among its senior executive ranks. Univision last year tried |
... |
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