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Posts Tagged ‘government shutdown’

Morning Media Newsfeed: Obama Talks Shutdown | New Editor at Deadline? | NewsRoom on The Market


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President Obama Met Off The Record With Conservative Journalists (HuffPost)
President Obama met Tuesday afternoon with a small group of conservative reporters, columnists and commentators for an off-the-record discussion. The group, according to a source familiar with the meeting, included Wall Street Journal editorial page editor Paul Gigot, National Review Washington editor Robert Costa, Washington Examiner columnist Byron York, syndicated columnists Kathleen Parker and Washington Post columnist and Fox News contributor Charles Krauthammer. Obama and the journalists talked for about 90 minutes in the Roosevelt room. TheWrap President Obama blamed Republicans in Congress for putting the country on the brink of financial disaster in a Tuesday press conference about the government shutdown that clocked in at more than an hour — but that wasn’t enough time for the president to take questions from TV reporters. Obama answered questions from reporters with the AP, Bloomberg, Huffington Post, Reuters, NPR, New York Times, Financial Times, Roll Call, Agence France-Presse, CBS News (though that was Mark Knoller, who is primarily a CBS Radio reporter) and Real Clear Politics. Slate / Weigel Would the press conference have been improved by some Obamacare questions? Probably. (Having given a bunch of interviews about the topic since mid-September, he was probably ready with a robotic answer.) Is the White House press corps, generally, too inclined to let the president ramble about some existential issue? Sure. Doesn’t change the fact that the shutdown blew the exchanges, and immigration reform, and basically everything else out of the news — and some conservatives predicted that would happen. TVNewser The news conference ended without any of the major broadcast TV network correspondents being called on.

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Morning Media Newsfeed: Twitter Files IPO | GOP Senators’ Hot Mic | RFK Photographer Dead


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Twitter Files to Raise $1 Billion, Company Not Profitable, Will Trade Under TWTR (GigaOM)
Twitter had revenue of $253 million in the first six months of 2013 but it was not profitable, according to its S-1 prospectus, which was made public late Thursday. The company filed the official IPO documents several weeks ago under the new JOBS Act, which allows companies with a market value of less than $1 billion to keep their filing hidden from public view for at least three weeks. The company said it plans to raise a maximum of $1 billion in the offering. NYT / Bits The company’s revenue, according to its newly filed prospectus, jumped to $317 million in 2012, almost triple its 2011 revenue of $106 million and more than 11 times its 2010 revenue of $28 million. Twitter narrowed its loss to $79 million last year, from $128 million in 2011. In 2010 it lost $67 million. About 85 percent of the company’s revenue comes from advertising, with the remainder coming from data licensing. AllThingsD Its symbol will be TWTR, but Twitter did not say where its stock would be traded. BuzzFeed / FWD Based on figures from the S-1, we calculated Twitter’s revenue per employee to see how the fledgling company compares with its peers. As it stands, it’s got a long way to go. Twitter makes less than $160K per employee. By comparison, Google makes more than $1 million. Twitter’s average revenue per employee is also less than Facebook, Yahoo!, and Zynga. TechCrunch Twitter lists a number of risk factors in the filing, noting that the business could be harmed if “influential users, such as world leaders, government officials, celebrities, athletes, journalists, sports teams, media outlets and brands or certain age demographics” conclude that an alternative product or service is more relevant; it is unable to convince potential new users of the value and usefulness of its products and services; or it is unable to combat spam or other hostile or inappropriate usage on the platform. AllThingsD Twitter has a growth problem. The company reported more than 215 million monthly active users in its S-1 Filing on Thursday. At the bare minimum, that means that as of June 30, the company has added on average only 15 million monthly active users since the company hit more than 200 million late last year. GalleyCat In the IPO, the company counted “one million third-party” websites that share tweets (including our GalleyCat feed in the lower right hand corner).

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Morning Media Newsfeed: Reuters Cutting Staff | Tom Clancy Dead at 66 | Ronan Going to MSNBC?


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Reuters Will Cut Around 5 Percent Across Editorial (NY Observer)
Stephen Adler, the president and editor-in-chief of Reuters, announced during a staff conference call Wednesday morning that the news service will be cutting around 5 percent across the board in editorial. Politico / Dylan Byers on Media The announcement comes in the wake of weeks of high-level staff departures from the organization and the announcement the company was canning its ambitious new digital product Reuters Next. Despite cancelling Next, Adler told staff improving the current website is still a priority. FishbowlNY Adler said that staffers (and some managers) were being notified as soon as possible, and the reductions would impact Reuters offices across the world. TheWrap “To simplify and strengthen the Reuters news operation, we are making changes that will result in a slightly smaller editorial staff,” said spokeswoman Barb Burg. “One that is more strategically positioned and better equipped to help Reuters report and deliver the news that matters most to our customers and society as a whole.”

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Morning Media Newsfeed: Gov’t Shuts Down | Hillary Projects Canned | Another Paywall Drops


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Shutdown Begins: Stalemate Forces First U.S. Government Closure in 17 Years (The Washington Post)
The U.S. government began to shut down for the first time in 17 years early Tuesday, after a Congress bitterly divided over President Obama’s signature health care initiative failed to reach agreement to fund federal agencies. Hours before a midnight deadline, the Republican House passed its third proposal in two weeks to fund the government for a matter of weeks. Like the previous plans, the new one sought to undermine the Affordable Care Act, this time by delaying enforcement of the “individual mandate,” a cornerstone of the law that requires all Americans to obtain health insurance. TVNewser President Obama gave a brief statement Monday afternoon as the threat of a government shutdown loomed over Washington. He began by listing off what agencies would continue to operate and which would not. “I think it is important for everyone to understand that the federal government is the country’s largest employer,” Obama said. “A shutdown will have a very real economic impact on real people, right away.” HuffPost With the government hurtling toward a shutdown, the media dug in for some round-the-clock coverage on Monday. From the competing countdown clocks to the continuing stream of elected representatives appearing on camera, cable news was in its element: circling around and around the same few pieces of news, getting hosts and guests to argue with each other, speculating, postulating and predicting over and over again. Reuters The U.S. Agriculture Department’s public face, the usda.gov website, will “go dark” and be linked to an informational page in the event of a shutdown, allowing no access to USDA data banks, a spokeswoman said on Monday. WSJ / Washington Wire Washingtonians have remained stoic, even dismissive of news that a government shutdown could halt garbage pickup, street cleaning, and pothole-repair come Tuesday. But when the National Zoo announced Monday that continued congressional impasse would shutter the zoo and its Panda Cam, the sole window onto the zoo’s newborn cub, fans traveled the stages of grief, from rage to bargaining and grim acceptance. “This just got real,” wrote several contributors to the zoo’s Twitter feed.

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