Sarah Silverman discusses how the business model of social media and cable TV is stoking American’s anger, outrage, and division, one person at a time. She does it on cable TV, of course.
She also accompanied Secretary of State Pompeo to Saudia Arabia for a grim discussion about the torture and murder of journalist Jamal Kashoggi, marking the solemn occasion by posting a grinning tourist self-portrait on Instagram.
Heather Nauert has been at the State Department for 19 months. That’s her first and only government experience.
“Ms. Nauert is one of numerous television personalities with roles in Mr. Trump’s as-seen-on-TV administration. Mr. Bolton was a Fox contributor, and Bill Shine, a former Fox co-president, serves as deputy chief of staff. Larry Kudlow, a longtime CNBC host, stars as the president’s chief economic adviser.”
— “Heather Nauert’s Pick as U.N. Envoy Hints at Reshaping of the Role,” Peter Baker and Michael M. Grynbaum, New York Times
More:
“Three Takeaways as Trump Picks Former Fox Anchor for UN Envoy Post,” John T. Bennett, Roll Call
“Who is Heather Nauert? The new UN ambassador with little experience,” Julian Borger, The Guardian
“What do most U.N. ambassadors have in common? Decades of experience.” Adam Taylor, Washington Post
“Heather Nauert Says Visit to ‘It’s a Small World’ Ride Qualifies Her For U.N. Job,” Andy Borowitz, The New Yorker
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Last week media and cable stocks slid and tumbled while Netflix stocks jumped 20%. CBS, Disney, Comcast, all down. Viacom dropped 41% over the last 3 months while Netflix is up 56% in the same quarter; during that time DISH Networks lost 81,000 paid subscribers. Time/Warner (HBO) stocks are at a 9-month low. 21st Century Fox stocks dropped 12%.
What’s a conventional paid-subscriber media business to do? If you can’t beat ’em, join ’em.
“’We’re in a mature-to-declining kind of linear TV business as we know it,’ said Dish Network Corp. Chief Executive Charlie Ergen on an earnings call Wednesday. ‘We think we’re at the beginning stages of [a streaming] business that’s going to grow and accelerate.’”
— “Media stocks clobbered as Netflix drives customers to dump cable,” Trey Williams, MarketWatch
More:
“Cracks in the cable business send media stocks tumbling,” Thad Moore, Washington Post
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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com
Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.
Cable TV’s Top Chef tour is parked at Capitol Hill’s Eastern Market this weekend, pitting Carla Hall, Ariane Duarte, and Spike Mendelsohn against each other. The real action is in the bus (above) where six prep chefs and three runners do the real work. On Saturday, two hundred people watched this spectacle, half of them standing in the hot sun. Amazing.