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Stock impact report

The legacy media is dead. Long live the legacy media [Fortune]

Stagwell Inc. - Class A (STGW) 
Company Research Source: Fortune
“If half the country thought Donald Trump is qualified to be president, that means they're not reading any of this media,” said an anonymous TV executive, as quoted on X by Brian Stelter. “This is the podcast election” said Scott Galloway , on his podcast. “You are the media now,” Elon Musk has tweeted to his 206 million followers. Well, yes and no. The legacy news media are in a phase of managed decline, but probably not towards extinction. In some form, they will likely take their place alongside other institutions preserved by philanthropy, endowments, and subscriptions. The New York Times of the future may be like the Metropolitan Opera of the present, not irrelevant, but never again what it was in the days of its mass appeal. For anybody despondent Read more
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