Latest news with #Giancola
Canada News.Net
6 days ago
- Business
- Canada News.Net
Rupert Murdoch brings punchy Post-style news to California
LOS ANGELES, California: Rupert Murdoch's media empire is taking its tabloid formula west, with a new newspaper set to debut in California that blends brash headlines, celebrity gossip, and populist commentary, hallmarks of the New York Post. The new outlet, called the California Post, will be headquartered in Los Angeles and is scheduled to launch in early 2026, said Sean Giancola, CEO and publisher of the New York Post Media Group. It will be the company's largest U.S. daily newspaper launch in nearly 15 years. "We already reach three million people in the L.A. (market) and over seven million in California, so there is a base of audience there that already engages in our brand," Giancola said. He described the new paper's editorial mission as "common-sense journalism," paired with entertainment, celebrity, and sports coverage across platforms including print, mobile, audio, and social media. The California Post will enter a market where legacy media is struggling. The Los Angeles Times, the state's flagship paper, has been shedding subscribers and staff amid financial losses. The paper cut more than 20 percent of its newsroom in January 2024 and is preparing for an initial public offering. Owner Patrick Soon-Shiong has said he plans to bring in more conservative voices to provide what he calls "balance." A Los Angeles Times spokesperson did not immediately respond to requests for comment on the upcoming rival. The idea for the California Post received backing from Murdoch himself, said a source familiar with the plans. "You don't launch a newspaper without getting feedback from one of the best guys in the business," the source added. News Corp's last major U.S. newspaper experiment was The Daily, a digital-only publication for Apple's iPad launched in 2011. It folded after less than two years. Some industry veterans say the timing for a new kind of outlet might be right. "Maybe there is room for a sort of pugilistic, more right-wing, kind of sensationalist sort of approach," said Jonathan Weber, a longtime California news executive and former Reuters editor. Still, he noted the cultural contrast: "The New York Post is popular with readers who buy the tabloid at a newsstand before jumping on the subway, whereas Californians tend to drive to work." But Giancola pointed out that digital reach now far exceeds print: the Post's media brands, Page Six, Decider, and collectively drew 90 million unique monthly visitors in June. The group turned profitable in 2022, thanks to a lean newsroom and diversified revenue from podcasts, video, and e-commerce. Ken Doctor, CEO of community journalism group Lookout Local, said the new paper could either localize its editorial approach or rebrand the New York Post for California audiences. Either way, it may appeal to a sizable conservative minority in a state long perceived as solidly liberal. "There is a place for a culturally conservative publication," Doctor said, "and one that is populist and fits the populist times."
TimesLIVE
05-08-2025
- Business
- TimesLIVE
Rupert Murdoch's new tabloid to bring New York Post attitude to California
"Headless body in topless bar"-type headlines made famous by the iconic New York Post tabloid could soon greet Californians as Rupert Murdoch's News Corp prepares to expand to the West Coast with its biggest US daily newspaper launch in nearly 15 years. The California Post will be headquartered in Los Angeles and is set to launch in early 2026, said Sean Giancola, CEO and publisher of the New York Post Media Group, which will include the new publication. California news industry experts said the tabloid would seek to capitalise on the struggles of the incumbent Los Angeles Times, which has shed subscribers and staff. The California Post will offer a familiar mix of what it calls "common sense journalism", celebrity and entertainment news and sports reporting across many platforms, including mobile and desktop, audio, social media and print, Giancola said in an interview. "We reach 3-million people in the LA market and more than 7-million in California, so there is a base of audience there that engages in our brand," Giancola said. Murdoch, the company's chair emeritus, recognised California as a market opportunity and gave the venture his blessing, said one source with knowledge of the matter. "You don't launch a newspaper without getting feedback from one of the best guys in the business," the source added. The last daily newspaper launched in the US by News Corp, owner of the New York Post and Wall Street Journal, was the Daily, a digital newspaper for Apple's then-new iPad tablet in 2011. It folded the next year. A Los Angeles Times spokesperson did not respond immediately to a request for comment on the California Post. California news industry veteran Jonathan Weber said the state's newspapers adhere to a mainstream approach to journalism, which could present an opportunity for a different kind of voice that reflects this moment in the country's evolution. "Maybe there is room for a sort of pugilistic, more right-wing, kind of sensationalist sort of approach," said Weber, a former Reuters editor and serial entrepreneur who founded the San Francisco Standard and the tech business-focused Industry Standard. "There might be an opening for that." However, he said the California Post also faces challenges. The New York Post is popular with readers who buy the tabloid at a newsstand before jumping on the subway, whereas Californians tend to drive to work, Weber said. Giancola said the New York Post Media Group has a much broader reach online than through its print edition via a trio of digital brands including celebrity-focused Page Six, an entertainment and pop culture guide, the Decider and its main website. The sites attracted a combined 90-million monthly unique visitors in June, the company said. The Post achieved profitability in 2022 by monetising the audiences and running a "lean" news operation, Giancola said. It also has expanded into new formats, including podcasts, video and e-commerce. "LA and California, like a lot of geographical areas in the country, are news deserts," said Giancola. "We think we can come into LA with the same formula and cover California in a bespoke way." Ken Doctor, the California-based CEO of Lookout Local, a community journalism organisation, said the New York Post could simply rebrand the tabloid for California and boost its readership and advertising. It could also fill a void for a niche set of readers in a state dominated by left-wing politicians but where 38% voted for President Donald Trump in the last election. "There is a place for a culturally conservative publication, and one that is populist and fits the populist times," said Doctor. Los Angeles Times owner Patrick Soon-Shiong has said he plans to bring in more conservative voices as he seeks "balance" to correct what he perceives as a left-leaning bias ahead of an initial public offering of the publication within the next year. The loss-making 143-year-old newspaper laid off more than 20% of its newsroom staff in January 2024.
The Star
05-08-2025
- Business
- The Star
Rupert Murdoch's new tabloid to bring New York Post attitude to California
LOS ANGELES (Reuters) -"Headless body in topless bar"-type headlines made famous by the iconic New York Post tabloid could soon greet Californians as Rupert Murdoch's News Corp prepares to expand to the West Coast with its biggest U.S. daily newspaper launch in nearly 15 years. The California Post, to be headquartered in Los Angeles and set to launch in early 2026, said Sean Giancola, CEO and publisher of the New York Post Media Group, which will include the new publication. California news industryexperts say the tabloid would seek to capitalize on the struggles of the incumbent Los Angeles Times, which has shed subscribers and staff. The California Post will offer a familiar mix of what it calls "common-sense journalism," celebrity and entertainment news and sports reporting across multiple platforms, including mobile and desktop, audio, social media and print," Giancola said in an interview. "We already reach 3 million people in the L.A.(market) and over 7 million in California, so there is a base of audience there that already engages in our brand," Giancola said in an interview. Murdoch, the company's chairman emeritus, recognized California as a market opportunity and gave the venture his blessing, said one source with knowledge of the matter. "You don't launch a newspaper without getting feedback from one of the best guys in the business," the source added. The last daily newspaper launched in the U.S. by News Corp, owner of the New York Post and the Wall Street Journal, was the Daily, a digital newspaper for Apple's then-new iPad tablet, in 2011. It folded the following year. A Los Angeles Times spokesperson did not respond immediately to a request for comment on the California Post. POPULIST APPROACH California news industry veteran Jonathan Weber said the state's newspapers adhereto a mainstream approach to journalism, which could present an opportunity for a different kind of voice that reflects this moment in the country's evolution. "Maybe there is room for a sort of pugilistic, more right-wing, kind of sensationalist sort of approach," said Weber, a former Reuters editor and serial entrepreneur who founded the San Francisco Standard and the tech business-focused Industry Standard. "There might be an opening for that." But he said the California Post also faces challenges. The New York Post is popular with readers who buy the tabloid at a newsstandbefore jumping on the subway, whereas Californians tend to drive to work, Weber said. Giancola said the New York Post Media Group has a much broader reach online than through its print edition, via a trio of digital brands including celebrity-focused Page Six, an entertainment -and pop-culture guide, the Decider and its main website. These sites attracted a combined 90 million monthly unique visitors in June, the company said. The Post achieved profitability in 2022 by monetizing these audiences, and running a "lean" news operation, Giancola also has expanded into new formats, including podcasts, video and e-commerce. "L.A. and California - like a lot of geographical areas in the country - are news deserts," said Giancola. "We think we can come into L.A. with the same formula and really cover California in a bespoke way." Ken Doctor, the California-based CEO of Lookout Local, a community journalism organization, said the New York Post could simply rebrand the tabloid for California and boost its readership and advertising. It could also fill a void for a niche set of readers in a state that is dominated by left-wing politicians but where 38% voted for President Donald Trump in the last election. "There is a place for a culturally conservative publication, and one that is populist and fits the populist times," said Doctor. Los Angeles Times owner Patrick Soon-Shiong has said he plans to bring in more conservative voices as he seeks "balance" to correct what he perceives as a left-leaning bias ahead of an initial public offering of the publication within the next year. The loss-making 143-year-old newspaper laid off more than 20% of its newsroom staff in January 2024. (Reporting by Dawn Chmielewski in Los Angeles and Juby Babu in Mexico; Editing by Ken Li and Jamie Freed)
Straits Times
05-08-2025
- Business
- Straits Times
Rupert Murdoch's new tabloid to bring New York Post attitude to California
Sign up now: Get ST's newsletters delivered to your inbox LOS ANGELES - "Headless body in topless bar"-type headlines made famous by the iconic New York Post tabloid could soon greet Californians as Rupert Murdoch's News Corp prepares to expand to the West Coast with its biggest U.S. daily newspaper launch in nearly 15 years. The California Post, to be headquartered in Los Angeles and set to launch in early 2026, said Sean Giancola, CEO and publisher of the New York Post Media Group, which will include the new publication. California news industry experts say the tabloid would seek to capitalize on the struggles of the incumbent Los Angeles Times, which has shed subscribers and staff. The California Post will offer a familiar mix of what it calls "common-sense journalism," celebrity and entertainment news and sports reporting across multiple platforms, including mobile and desktop, audio, social media and print," Giancola said in an interview. "We already reach 3 million people in the L.A.(market) and over 7 million in California, so there is a base of audience there that already engages in our brand," Giancola said in an interview. Murdoch, the company's chairman emeritus, recognized California as a market opportunity and gave the venture his blessing, said one source with knowledge of the matter. "You don't launch a newspaper without getting feedback from one of the best guys in the business," the source added. The last daily newspaper launched in the U.S. by News Corp, owner of the New York Post and the Wall Street Journal, was the Daily, a digital newspaper for Apple's then-new iPad tablet, in 2011. It folded the following year. A Los Angeles Times spokesperson did not respond immediately to a request for comment on the California Post. POPULIST APPROACH California news industry veteran Jonathan Weber said the state's newspapers adhere to a mainstream approach to journalism, which could present an opportunity for a different kind of voice that reflects this moment in the country's evolution. "Maybe there is room for a sort of pugilistic, more right-wing, kind of sensationalist sort of approach," said Weber, a former Reuters editor and serial entrepreneur who founded the San Francisco Standard and the tech business-focused Industry Standard. "There might be an opening for that." But he said the California Post also faces challenges. The New York Post is popular with readers who buy the tabloid at a newsstand before jumping on the subway, whereas Californians tend to drive to work, Weber said. Giancola said the New York Post Media Group has a much broader reach online than through its print edition, via a trio of digital brands including celebrity-focused Page Six, an entertainment -and pop-culture guide, the Decider and its main website. These sites attracted a combined 90 million monthly unique visitors in June, the company said. The Post achieved profitability in 2022 by monetizing these audiences, and running a "lean" news operation, Giancola said. It also has expanded into new formats, including podcasts, video and e-commerce. "L.A. and California - like a lot of geographical areas in the country - are news deserts," said Giancola. "We think we can come into L.A. with the same formula and really cover California in a bespoke way." Ken Doctor, the California-based CEO of Lookout Local, a community journalism organization, said the New York Post could simply rebrand the tabloid for California and boost its readership and advertising. It could also fill a void for a niche set of readers in a state that is dominated by left-wing politicians but where 38% voted for President Donald Trump in the last election. "There is a place for a culturally conservative publication, and one that is populist and fits the populist times," said Doctor. Los Angeles Times owner Patrick Soon-Shiong has said he plans to bring in more conservative voices as he seeks "balance" to correct what he perceives as a left-leaning bias ahead of an initial public offering of the publication within the next year. The loss-making 143-year-old newspaper laid off more than 20% of its newsroom staff in January 2024. REUTERS
Yahoo
07-07-2025
- Business
- Yahoo
5 Best First Steps for New Investors, According to Self-Taught Pros
Everyone knows that the best way to start something is to start something. Still, we are cautious to begin a process when we aren't sure what we're doing and what the outcome will be. When it comes to investing, beginners tend to overthink things because of the value people place on money and the stigma attached losing it. As the host of 'The Personal Finance Podcast,' Andrew Giancola invited self-taught pros Dave Ahern and Andrew Sather — the team behind the popular 'Investing for Beginners' podcast and website — to his podcast to talk about trading basics and the psychology behind investing. Read Next: Learn More: Here are five best first steps for a beginner investor, as discussed by Sather, Ahearn and Giancola, and what simple actions you can take along the way to gain experience. 'First of all, you need to have your ducks in a row … You basically have to have your foundation set,' Ahern said. Only a fool should start investing with too much debt and too little saved in an emergency fund. An emergency fund acts as a buffer against unexpected expenses like job loss, medical emergencies, or unexpected home, car or travel expenses. Three to six months' worth of savings is the rule of thumb, but it will depend on your lifestyle, monthly costs, income and dependents, per Wells Fargo. It suggested storing the funds in a bank account that earns interest. If you're living paycheck to paycheck, save what you can until you feel comfortable jumping into investing. Check Out: When starting out, you need to decide how much time you want to devote to investing and how interested you are in the learning process. Do you want to be a hands-on stock picker or passively invest via index funding or exchange-traded fund investing? Or, if you have sufficient funds but don't care to be actively participating, would you rather let someone invest for you? Deciding your commitment level will help control your emotional investment, according to Ahern. Sather described investing as a 'lifelong journey,' but many beginner investors get frustrated with tracking short-term inconsistencies and their effort not paying off in results. 'If you can set the right type of goals in place, that helps shift your mindset and put things in perspective so you don't get discouraged too much when you don't feel like you're making progress,' he said. If you're constantly looking at progress charts on your phone, Giancola suggested turning your device horizontally, so you can see a longer timeline and the upward trajectory most stocks will show. If you concentrate too much on the ups and downs every day, you'll drive yourself mad. And if you end up panic-selling during a down time, you could even lose money. According to Forbes, panic-selling can cause investors to lock in losses and miss the market's highest days. New investors can be forgiven for watching their brokerage accounts every day; however, at some point, you're going to have to conquer the fear or greed that's making you be so attentive. You're not going to win on every single investment you make, so the quicker you can learn to have an investor's patient mind, the better. Ahern suggested removing financial apps or stock tickers from your phone completely. Doing so causes 'a speedbump,' he said. 'It makes it harder for you to sit down at your computer, log in to your account, and, you know, make a decision to buy or sell something.' It's a good way to control your emotions. You can't learn everything right off the bat, so don't beat yourself up over something like losing a few dollar on a wonky stock pick. The abundance of information and opinions available to the newcomer is overwhelming, but patience and predictability will serve your long-term investment strategy well. People equate 'predictable' with 'boring,' but when it comes to growing your money, being predictable means that you're starting good saving and investing habits. 'At the end of the day, it's how much money can you save and invest and put in,' Sather said. 'So, that means spending less than you make and setting habits like dollar-cost averaging to put money to work for you.' Once you've established some of these first steps, experiential learning will dictate what tweaks and risks you'll can take moving forward. 'You don't have to pick the next Google or the next Amazon to be successful in the stock market,' Ahern explained. 'I think you just need to really understand that it's not going to be a fast game. If you're looking to get rich quick, the stock market is not the place to do it.' More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard Mark Cuban Tells Americans To Stock Up on Consumables as Trump's Tariffs Hit -- Here's What To Buy 6 Big Shakeups Coming to Social Security in 2025 This article originally appeared on 5 Best First Steps for New Investors, According to Self-Taught Pros Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
