Is the Gannet GateHouse merger good or bad news for local journalism?
It's probably bad. So it's the two biggest newspaper chains in the U.S. combining. They're going to own 1 in 6 newspapers in America. The problem is we're not seeing much of a strategy here, it's really mostly a financial deal and an expensive one at that with a lot of pressure to cut costs. They're looking to save about $300 million annually. That means layoffs. That means centralizing some functions like ad sales or design editing, consolidating regionally possibly selling off newspapers, selling off real estate. The problem is a lot of these things have already happened to American newspapers and more than once. So you're really getting blood out of a stone at this point. It's not good news for the communities they cover or the people who work there.
What does the CBS Viacom merger mean for consumers?
Ultimately, it's going to further divide up the content that you love across multiple platforms. The streaming war is on! CBS and Viacom felt they had to merge in order to stand up to the bigger players in the game like Disney, Netflix, Amazon. Viacom was so far quite happy to put their content on whatever platform would have them That's probably going to change. For you, it means you have to get more subscriptions and pay more to see all of the shows that you love especially the Star Trek franchise, in this case. So unfortunately, just more expensive bills just like back in the days of cable.
That's it for this week. It's a special episode of Media in 60. It's the last one produced by the wonderful Adam Pourahmadi, who's moving on to bigger and better things. Thank you, Adam. You were a joy to work with. Godspeed. We'll take a short break and we'll be back in September with more Media in 60 Seconds.