Not that I’m managing this myself, but….

On Wednesday, HuffPost’s parent company, Verizon Media Group, and BuzzFeed both announced plans to lay off hundreds of staff. The news signalled a collision between the dream of an online media boom and the accountants’ harsher reality: questions over the long-term profitability of digital media companies, and, as a result, concerns over the future of online journalism itself.

“What if there is literally no profitable model for digital news? Or none that actually scales and endures without, say, the established readership base and brand of the New York Times?” asked the MSNBC presenter Chris Hayes, summarising a growing fear among media executives that the current model of paying for journalism on the internet is broken.

Well, yes.

Or perhaps this should be viewed from the other way around? Why not look at the revenue and think about what can be done with that?

Had a few contacts recently. Emails from people at HuffPo, FastCompany etc. Journos looking to write a story. And they’re using the American methods. Nothing is ever actually just said. It’s always “So and so told us that”. Which is time consuming and expensive, you’ve got to go look for the quotes which build the story the way you want it. Takes days to stitch together something this way. It’s also the American way of journalism.

The English has always been a bit more direct. And perhaps online needs it to be even simpler?

Another way to put this is if online revenues won’t support the American newsroom techniques why not go look for the techniques that will be supported by the revenues?

Entirely agreed I’m not doing it either but someone, somewhere, will.

Quite so, quite so

What may seem like poverty pay to a Guardian reader need not be so for a worker in Bangladesh (Revealed: the poverty pay behind the charity slogan, 21 January). A pound is worth roughly a hundred taka, so 35p is 35 taka. If someone works 40 hours a week, she would make £14 a week. The per capita income of Bangladesh is £1,400 (£3,650 in purchasing power parity). If she were employed for 50 weeks she would make up to half the per capita income – not rich, but not poor by local poverty standards.

Wages in Bangladesh are not determined by Comic Relief but by average productivity of labour. Bangladesh could use the employment provided by Comic Relief. If the “radical anger” of Guardian readers leads to cancellation of the contract, the Guardian readers may be happy, but not the Bangladeshi workers.

Wages in Bangladesh will take another 50 years to catch up with the UK. The economy is growing healthily. It can grow because its low wage attracts orders and helps exports. Leave it alone to grow.
Meghnad Desai
Labour, House of Lords

A glorious complaint don’t you think?

The entire website of Elon Musk’s private charitable foundation is shorter than many of the Tesla CEO’s contentious tweets. “Musk Foundation. Grants are made in support of: Renewable energy research and advocacy; Human space exploration research and advocacy; Pediatric research; Science and engineering education,” the site reads.

Documents obtained by the Guardian reveal how the foundation has put that vague mission statement into practice. Together, the documents show that many of the organization’s donations have gone far beyond its stated scope. Some have benefited the billionaire’s own initiatives and, indirectly, his family, while others have tackled his pet peeves – the foundation has given more money to artificial intelligence research than to any of the more traditional charities it says it supports.

Billionaire spends his charitable donations on things which he thinks important – that being what a peeve is.

How we get to hundreds

Exposed: the horror Zimbabwe is hiding behind a news blackout

I’d believe it, certainly.

Hundreds of people, including children as young as 10, have been killed

Really? Shit!

And then:

Hundreds of people, including children as young as 10, have been killed or beaten in Zimbabwe

Ah.

No, government killing people, government beating people, both wrong. And yet Blair Peach was not British government beats demonstrators to death was it? A demonstrator, possibly….

So, newspaper share tipping columns

Anyone know which papers carry them these days?

Lex in the FT, Questor in the Telegraph, both behind subscription walls.

Can’t seem to find on in the Times and Express, Guardian never ran one I think?

Found the Mail’s one, Midas?

Evening Standard used to have very good City pages but does it still when free?

The Sun? Mirror? Indy?

Any other sources? What I’m looking for are pieces which say “do something”. Buy, sell, hold, whatever. With reasoning given.

anyone know of good sources? Or even newspaper tip sheet columns I’ve not found?

Biased, partial or what?

Brazil Is About To Show The World How A Modern Democracy Collapses
Far-right president Jair Bolsonaro is a threat to Brazilian democracy — and a model for authoritarianism that leaders around the world will follow.
By Travis Waldron
01/01/2019 08:00 am ET

Right wing bloke takes power, chunter, chunter, chunter.

Meanwhile the country next door, Venezuela, actually has collapsed as a country, economy and democracy. But that’s different because reasons.

Wisdom

How did old people become political enemies of the young?
Ashton Applewhite
Attempts to pit younger voters against older people are hateful and prejudiced – we need a New Generational Compact

From our ever popular series, Guardian headlines we can answer.

As The Guardian finds out, this capitalism stuff is tough

The Guardian delays pay rises in struggle to break even

Hmm.

The Guardian is attempting to avoid the full impact of staff pay rises this year as managers struggle to meet their pledge to end a long run of heavy losses.

The news publisher is in the final year of a three-year turnaround plan and chief executive David Pemsel and editor Katharine Viner are aiming for its operations to break even for the first time in two decades.

But of course all employers should be providing good jobs, at good pay, the capitalists and their profits be damned, no?

Where’s my cut?

Inside China’s audacious plan for global media dominance

Beijing is buying up media outlets and training scores of foreign journalists to ‘tell China’s story well’ – as part of a worldwide propaganda campaign of astonishing scope and ambition.

I’m always dubious about these people buying up journalists stories. Simply because I’m part of – even if a minor part of – the target market. And on one ever does offer to send me these sorts of cheques. Maybe I’m too minor but…..

It’s like the great climate change cover up. So, where’s my cash?

Dear God these people are idiots

An analysis released this week by the property firm Savills spelled out just one of the reasons why. A property downturn could, it estimated, reduce the number of affordable homes being built by a quarter. When prices fall, developers’ profits shrink and they retreat from the market. And when developers stop building, promises to stop future buyers being locked out of the market by building 300,000 new homes a year aren’t worth the manifestos they were written on.

If every home in the country has just become 30, 50% more affordable, why worry about how many affordable houses are being built?

Nice to see The Guardian reverting to form

Lyft, which launched in 2012 as Zimride before changing its name a year later, is a car service similar to Uber, which operates in about 300 US cities and expanded to Canada (thought so far just in one province, Ontario) last year. Ever week, it sends its drivers a personalised “Weekly Feedback Summary”.

Two typos in two sentences. We’ll have Teh Grauniad back in no time.

Guess I’ll not chase those outstanding invoices then

The newspaper publisher Johnston Press has confirmed it is ending its debt crisis by entering administration and handing control to its lenders, as revealed by The Telegraph.

The embattled publisher of The Scotsman, The Yorkshire Post and the i newspaper is applying for court approval to appoint administrators and execute a pre-packaged sale to a new holding company controlled by the New York hedge fund GoldenTree Asset Management.

I’ve a couple of different times written for the company, widely separated in years. This latest was, umm, three pieces I think, earlier in the year. They’ve managed to keep up their perfect record of not paying me …….

Their underlying idea, buy up those failing newspapers and profit from running them down had merit. It’s rather what the Barclays have done at the Telegraph, sweat out the final years of an assets life. Little to no maintenance, no investment, just such the positive cash flow out.

Hey, it works, or at least can do. Perfectly respectable strategy. Thing is though, you’ve got to buy everything cheap enough for the sweat from those assets to pay for it. Not what they did….

Well, yes Polly, here’s what this means

This austerity has seen cuts “unprecedented” in our history, says Johnson. But much worse is to come unless we change our ways. Assuming we want to keep present standards – not improve them but just maintain them – then on Office for Budget Responsibility reckonings, by 2068 nearly a quarter of our spending will be on the NHS, pensions and social care. This isn’t a guess, because the people who will need that care and those pensions are alive already. That means everything else will have to be severely cut back – or tax must rise to pay for it. Borrowing more is certainly possible, especially for investment. But paying more tax for services is the irreducible choice no politician dare put to the people.

That is, on the taxes we pay we cannot afford the welfare state we’ve already promised ourselves.

That’s pretty much what the right has been saying all these decades, isn’t it? Meaning that the right was right, nu?