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All the Exciting Media Outlets Are Dying. What the Hell Comes Next?

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Afew months ago, I was invited to give a lecture to students in a publishing and editing program. My proposed talk was about digital media: the churn and instability of it and how an editor can steer through those currents. I planned to be realistic but forward looking about the challenges facing contemporary journalism—I wasn’t going to stand up there and tell the students they should quit before they even started trying.

Then, weeks before the lecture, the digital magazine I’d been working for was shuttered. I still delivered the talk as planned, albeit with the uncanny sense of attending my own wake. During the Q&A, the first student to raise their hand didn’t ask about the future of media or sustainable funding models or pitching advice. They asked: “So what are you doing for money now?”

I mean, fair. That probably should be the first question you ask when you’re paying five figures for a very specialized degree while watching the bridge to the professional world crumble in front of you. Rather than spend their program preparing for a future in media, these students were studying its erosion in real time. Can you imagine how demoralizing that must be? As if that weren’t enough, now the magazine professional who’d been invited to give their annual lecture didn’t even have a magazine job anymore. This is why I tried to be sympathetic to the more prurient-seeming questions, like when another student asked whether I’d have taken the position if I’d known how the story would end or, if at this point, I simply considered mass layoffs “par for the course.”

Those students’ chilling questions—and the generation of aspiring journalists they speak for—were on my mind when two prominent outlets announced significant reductions in their workforce on the same day in April: BuzzFeed shut down its Pulitzer Prize–winning news desk, and Insider announced it would cut its staff by 10 percent. Not two weeks later, Vice fired a portion of its staff and was reportedly preparing to file for bankruptcy (at the time of writing, they’re looking for a buyer). Then, on May 9th, 25 percent of employees were let go across Showtime, Paramount Media Networks, and MTV Entertainment Studios, a move that included the shutdown of MTV News. Every round of layoffs is a travesty, but the BuzzFeed News news—and everything that’s followed—feels particularly upsetting. The generation of online publications that were once heralded as the future of media is vanishing at a terrifying rate despite having set the tone in which much of traditional media now speaks. These closures represent a tremendous loss not only of talent but also of critical onramps into the industry: places that aren’t cordoned off by house voices and legacy branding and where writers can pursue their hobby horses, land a first byline, or break bad on social media. Where being subversive or pioneering or niche is the point. The thinning conversation means readers lose out too. It feels like there are almost no places online to have fun anymore, let alone get a job.

BuzzFeed News joins a growing number of outlets that have gone under in the past year, many of which prioritized essays, cultural criticism, and books coverage—common inroads for emerging writers. Aside from its award-winning investigative work, the BuzzFeed News culture desk took pop culture and criticism seriously. It was the place where I landed one of my earliest and most consequential bylines, and where I had space to think through ideas nobody else was talking about but that blossomed into a robust social media conversation and helped shift the tenor of my career. (My first shot at writing for The Walrus came about in part because I could point to credits I’d already accumulated in outlets—American ones, notably—like BuzzFeed News and Vice). These are the kinds of opportunities being made scarce by the closures—along with, of course, stable employment.

Though the problem is accelerating, it isn’t new. In 2018, the year I finished grad school (not in journalism) and entered the job market, Pew Research Center reported that 14 percent of the biggest digital-native news outlets went through layoffs—as well as about 25 percent of US newspapers. BuzzFeed alone has undergone a near-annual sequence of “shifts,” “pivots,” and “restructures” that culminated in last month’s decision. I used to worry that I’d tried to sneak into the industry too late, after the venture capital–backed media boom had slowed and the personal essay had supposedly died and the scam of “pivot to video” had curtailed the opportunities even further. Those hurdles are nothing compared to what aspiring journalists are facing now.

As the ice floe keeps shrinking, watching the cycle play out feels increasingly grim. Online, writers and editors trade condolences, often in lieu of being able to offer one another anything more concrete, like work opportunities. In the past, “when people would get laid off everyone would be like ‘hire them!’” tweeted writer Sarah Hagi after the BuzzFeed announcement. “[N]ow nobody does that bc there are no jobs.” There are also fewer places to pitch. Sonia Weiser, a writer who collects submissions calls in the newsletter Opportunities of the Week, announced on Twitter that there were no longer “enough freelance opportunities to warrant sending out the newsletter twice per week.” I, too, have had a taste of this sudden chill. A couple times in the past month, in response to pitches I sent out, I’ve gotten back that old editorial chestnut: Best of luck placing this elsewhere. What used to scan as pro forma politeness has soured into something like sadism. Because there isn’t much elsewhere left.

The phrase “end of an era” has been thrown around a lot in the past few weeks as an imprecise descriptor of media companies downsizing and shuttering. It’s been used to proclaim various deaths, from the relationship between news and social media to the idea that digital-first outlets like BuzzFeed News and Vice represented a legitimate challenge to fusty old legacy media. But what’s truly ended is something more fundamental. It goes down to the bedrock of journalism as a career—even as an idea or desire. What are journalists, both would-be and employed, supposed to aspire to now? Of course, there will always be people who luck into the rare staid post and can stagnate there for decades. But the unbroken arc of a career seems more and more like an outdated model, especially when you look back on your resume and realize it’s all a bunch of sunken ships and dead links. “There will always be stories that need assigning,” I told the students in my lecture, “always be an audience who needs something to read.” I still believe that’s true. But with the industry being what it is, career seems like the wrong framework—it’s more like a monetized hobby.

It’s a bleak situation that serves neither readers nor writers. I was just about to get in touch with the BuzzFeed News culture desk too. I’d been thinking about pitching them a new idea—one of their editors had sent me a kind note a couple months back, right after I lost my job.

Tajja Isen is the author of Some of My Best Friends: Essays on Lip Service and a contributing writer for The Walrus. She has edited for Catapult, The Walrus, and Electric Literature.

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Sutherland House Experts Book Publishing Launches To Empower Quiet Experts

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Sutherland House Experts is Empowering Quiet Experts through
Compelling Nonfiction in a Changing Ideas Landscape

TORONTO, ON — Almost one year after its launch, Sutherland House Experts is reshaping the publishing industry with its innovative co-publishing model for “quiet experts.” This approach, where expert authors share both costs and profits with the publisher, is bridging the gap between expertise and public discourse. Helping to drive this transformation is Neil Seeman, a renowned author, educator, and entrepreneur.

“The book publishing world is evolving rapidly,” publisher Neil Seeman explains. “There’s a growing hunger for expert voices in public dialogue, but traditional channels often fall short. Sutherland House Experts provides a platform for ‘quiet experts’ to share their knowledge with the broader book-reading audience.”

The company’s roster boasts respected thought leaders whose books are already gaining major traction:

• V. Kumar Murty, a world-renowned mathematician, and past Fields Institute director, just published “The Science of Human Possibilities” under the new press. The book has been declared a 2024 “must-read” by The Next Big Ideas Club and is receiving widespread media attention across North America.

• Eldon Sprickerhoff, co-founder of cybersecurity firm eSentire, is seeing strong pre-orders for his upcoming book, “Committed: Startup Survival Tips and Uncommon Sense for First-Time Tech Founders.”

• Dr. Tony Sanfilippo, a respected cardiologist and professor of medicine at Queen’s University, is generating significant media interest with his forthcoming book, “The Doctors We Need: Imagining a New Path for Physician Recruitment, Training, and Support.”

Seeman, whose recent and acclaimed book, “Accelerated Minds,” explores the entrepreneurial mindset, brings a unique perspective to publishing. His experience as a Senior Fellow at the University of Toronto’s Institute of Health Policy, Management and Evaluation, and academic affiliations with The Fields Institute and Massey College, give him deep insight into the challenges faced by people he calls “quiet experts.”

“Our goal is to empower quiet, expert authors to become entrepreneurs of actionable ideas the world needs to hear,” Seeman states. “We are blending scholarly insight with market savvy to create accessible, impactful narratives for a global readership. Quiet experts are people with decades of experience in one or more fields who seek to translate their insights into compelling non-fiction for the world,” says Seeman.

This fall, Seeman is taking his insights to the classroom. He will teach the new course, “The Writer as Entrepreneur,” at the University of Toronto, offering aspiring authors practical tools to navigate the evolving book publishing landscape. To enroll in this new weekly night course starting Tuesday, October 1st, visit:
https://learn.utoronto.ca/programs-courses/courses/4121-writer-entrepreneur

“The entrepreneurial ideas industry is changing rapidly,” Seeman notes. “Authors need new skills to thrive in this dynamic environment. My course and our publishing model provide those tools.”

About Neil Seeman:
Neil Seeman is co-founder and publisher of Sutherland House Experts, an author, educator, entrepreneur, and mental health advocate. He holds appointments at the University of Toronto, The Fields Institute, and Massey College. His work spans entrepreneurship, public health, and innovative publishing models.

Follow Neil Seeman:
https://www.neilseeman.com/
https://www.linkedin.com/in/seeman/

Follow Sutherland House Experts:

https://sutherlandhouseexperts.com/
https://www.instagram.com/sutherlandhouseexperts/

Media Inquiries:
Sasha Stoltz | Sasha@sashastoltzpublicity.com | 416.579.4804
https://www.sashastoltzpublicity.com

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What to stream this weekend: ‘Civil War,’ Snow Patrol, ‘How to Die Alone,’ ‘Tulsa King’ and ‘Uglies’

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Hallmark launching a streaming service with two new original series, and Bill Skarsgård out for revenge in “Boy Kills World” are some of the new television, films, music and games headed to a device near you.

Also among the streaming offerings worth your time as selected by The Associated Press’ entertainment journalists: Alex Garland’s “Civil War” starring Kirsten Dunst, Natasha Rothwell’s heartfelt comedy for Hulu called “How to Die Alone” and Sylvester Stallone’s second season of “Tulsa King” debuts.

NEW MOVIES TO STREAM SEPT. 9-15

Alex Garland’s “Civil War” is finally making its debut on MAX on Friday. The film stars Kirsten Dunst as a veteran photojournalist covering a violent war that’s divided America; She reluctantly allows an aspiring photographer, played by Cailee Spaeny, to tag along as she, an editor (Stephen McKinley Henderson) and a reporter (Wagner Moura) make the dangerous journey to Washington, D.C., to interview the president (Nick Offerman), a blustery, rising despot who has given himself a third term, taken to attacking his citizens and shut himself off from the press. In my review, I called it a bellowing and haunting experience; Smart and thought-provoking with great performances. It’s well worth a watch.

— Joey King stars in Netflix’s adaptation of Scott Westerfeld’s “Uglies,” about a future society in which everyone is required to have beautifying cosmetic surgery at age 16. Streaming on Friday, McG directed the film, in which King’s character inadvertently finds herself in the midst of an uprising against the status quo. “Outer Banks” star Chase Stokes plays King’s best friend.

— Bill Skarsgård is out for revenge against the woman (Famke Janssen) who killed his family in “Boy Kills World,” coming to Hulu on Friday. Moritz Mohr directed the ultra-violent film, of which Variety critic Owen Gleiberman wrote: “It’s a depraved vision, yet I got caught up in its kick-ass revenge-horror pizzazz, its disreputable commitment to what it was doing.”

AP Film Writer Lindsey Bahr

NEW MUSIC TO STREAM SEPT. 9-15

— The year was 2006. Snow Patrol, the Northern Irish-Scottish alternative rock band, released an album, “Eyes Open,” producing the biggest hit of their career: “Chasing Cars.” A lot has happened in the time since — three, soon to be four quality full-length albums, to be exact. On Friday, the band will release “The Forest Is the Path,” their first new album in seven years. Anthemic pop-rock is the name of the game across songs of love and loss, like “All,”“The Beginning” and “This Is the Sound Of Your Voice.”

— For fans of raucous guitar music, Jordan Peele’s 2022 sci-fi thriller, “NOPE,” provided a surprising, if tiny, thrill. One of the leads, Emerald “Em” Haywood portrayed by Keke Palmer, rocks a Jesus Lizard shirt. (Also featured through the film: Rage Against the Machine, Wipers, Mr Bungle, Butthole Surfers and Earth band shirts.) The Austin noise rock band are a less than obvious pick, having been signed to the legendary Touch and Go Records and having stopped releasing new albums in 1998. That changes on Friday the 13th, when “Rack” arrives. And for those curious: The Jesus Lizard’s intensity never went away.

AP Music Writer Maria Sherman

NEW SHOWS TO STREAM SEPT. 9-15

— Hallmark launched a streaming service called Hallmark+ on Tuesday with two new original series, the scripted drama “The Chicken Sisters” and unscripted series “Celebrations with Lacey Chabert.” If you’re a Hallmark holiday movies fan, you know Chabert. She’s starred in more than 30 of their films and many are holiday themed. Off camera, Chabert has a passion for throwing parties and entertaining. In “Celebrations,” deserving people are surprised with a bash in their honor — planned with Chabert’s help. “The Chicken Sisters” stars Schuyler Fisk, Wendie Malick and Lea Thompson in a show about employees at rival chicken restaurants in a small town. The eight-episode series is based on a novel of the same name.

Natasha Rothwell of “Insecure” and “The White Lotus” fame created and stars in a new heartfelt comedy for Hulu called “How to Die Alone.” She plays Mel, a broke, go-along-to-get-along, single, airport employee who, after a near-death experience, makes the conscious decision to take risks and pursue her dreams. Rothwell has been working on the series for the past eight years and described it to The AP as “the most vulnerable piece of art I’ve ever put into the world.” Like Mel, Rothwell had to learn to bet on herself to make the show she wanted to make. “In the Venn diagram of me and Mel, there’s significant overlap,” said Rothwell. It premieres Friday on Hulu.

— Shailene Woodley, DeWanda Wise and Betty Gilpin star in a new drama for Starz called “Three Women,” about entrepreneur Sloane, homemaker Lina and student Maggie who are each stepping into their power and making life-changing decisions. They’re interviewed by a writer named Gia (Woodley.) The series is based on a 2019 best-selling book of the same name by Lisa Taddeo. “Three Women” premieres Friday on Starz.

— Sylvester Stallone’s second season of “Tulsa King” debuts Sunday on Paramount+. Stallone plays Dwight Manfredi, a mafia boss who was recently released from prison after serving 25 years. He’s sent to Tulsa to set up a new crime syndicate. The series is created by Taylor Sheridan of “Yellowstone” fame.

Alicia Rancilio

NEW VIDEO GAMES TO PLAY

— One thing about the title of Focus Entertainment’s Warhammer 40,000: Space Marine 2 — you know exactly what you’re in for. You are Demetrian Titus, a genetically enhanced brute sent into battle against the Tyranids, an insectoid species with an insatiable craving for human flesh. You have a rocket-powered suit of armor and an arsenal of ridiculous weapons like the “Chainsword,” the “Thunderhammer” and the “Melta Rifle,” so what could go wrong? Besides the squishy single-player mode, there are cooperative missions and six-vs.-six free-for-alls. You can suit up now on PlayStation 5, Xbox X/S or PC.

— Likewise, Wild Bastards isn’t exactly the kind of title that’s going to attract fans of, say, Animal Crossing. It’s another sci-fi shooter, but the protagonists are a gang of 13 varmints — aliens and androids included — who are on the run from the law. Each outlaw has a distinctive set of weapons and special powers: Sarge, for example, is a robot with horse genes, while Billy the Squid is … well, you get the idea. Australian studio Blue Manchu developed the 2019 cult hit Void Bastards, and this Wild-West-in-space spinoff has the same snarky humor and vibrant, neon-drenched cartoon look. Saddle up on PlayStation 5, Xbox X/S, Nintendo Switch or PC.

Lou Kesten

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Trump could cash out his DJT stock within weeks. Here’s what happens if he sells

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Former President Donald Trump is on the brink of a significant financial decision that could have far-reaching implications for both his personal wealth and the future of his fledgling social media company, Trump Media & Technology Group (TMTG). As the lockup period on his shares in TMTG, which owns Truth Social, nears its end, Trump could soon be free to sell his substantial stake in the company. However, the potential payday, which makes up a large portion of his net worth, comes with considerable risks for Trump and his supporters.

Trump’s stake in TMTG comprises nearly 59% of the company, amounting to 114,750,000 shares. As of now, this holding is valued at approximately $2.6 billion. These shares are currently under a lockup agreement, a common feature of initial public offerings (IPOs), designed to prevent company insiders from immediately selling their shares and potentially destabilizing the stock. The lockup, which began after TMTG’s merger with a special purpose acquisition company (SPAC), is set to expire on September 25, though it could end earlier if certain conditions are met.

Should Trump decide to sell his shares after the lockup expires, the market could respond in unpredictable ways. The sale of a substantial number of shares by a major stakeholder like Trump could flood the market, potentially driving down the stock price. Daniel Bradley, a finance professor at the University of South Florida, suggests that the market might react negatively to such a large sale, particularly if there aren’t enough buyers to absorb the supply. This could lead to a sharp decline in the stock’s value, impacting both Trump’s personal wealth and the company’s market standing.

Moreover, Trump’s involvement in Truth Social has been a key driver of investor interest. The platform, marketed as a free speech alternative to mainstream social media, has attracted a loyal user base largely due to Trump’s presence. If Trump were to sell his stake, it might signal a lack of confidence in the company, potentially shaking investor confidence and further depressing the stock price.

Trump’s decision is also influenced by his ongoing legal battles, which have already cost him over $100 million in legal fees. Selling his shares could provide a significant financial boost, helping him cover these mounting expenses. However, this move could also have political ramifications, especially as he continues his bid for the Republican nomination in the 2024 presidential race.

Trump Media’s success is closely tied to Trump’s political fortunes. The company’s stock has shown volatility in response to developments in the presidential race, with Trump’s chances of winning having a direct impact on the stock’s value. If Trump sells his stake, it could be interpreted as a lack of confidence in his own political future, potentially undermining both his campaign and the company’s prospects.

Truth Social, the flagship product of TMTG, has faced challenges in generating traffic and advertising revenue, especially compared to established social media giants like X (formerly Twitter) and Facebook. Despite this, the company’s valuation has remained high, fueled by investor speculation on Trump’s political future. If Trump remains in the race and manages to secure the presidency, the value of his shares could increase. Conversely, any missteps on the campaign trail could have the opposite effect, further destabilizing the stock.

As the lockup period comes to an end, Trump faces a critical decision that could shape the future of both his personal finances and Truth Social. Whether he chooses to hold onto his shares or cash out, the outcome will likely have significant consequences for the company, its investors, and Trump’s political aspirations.

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