Largest US Newspaper Chain to Hire Taylor Swift and Beyoncé Writers

US singer-songwriter Taylor Swift greets fans during the MTV Video Music Awards at the Prudential Center in Newark, New Jersey, on September 12, 2023. (Photo by TIMOTHY A. CLARY / AFP)
US singer-songwriter Taylor Swift greets fans during the MTV Video Music Awards at the Prudential Center in Newark, New Jersey, on September 12, 2023. (Photo by TIMOTHY A. CLARY / AFP)
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Largest US Newspaper Chain to Hire Taylor Swift and Beyoncé Writers

US singer-songwriter Taylor Swift greets fans during the MTV Video Music Awards at the Prudential Center in Newark, New Jersey, on September 12, 2023. (Photo by TIMOTHY A. CLARY / AFP)
US singer-songwriter Taylor Swift greets fans during the MTV Video Music Awards at the Prudential Center in Newark, New Jersey, on September 12, 2023. (Photo by TIMOTHY A. CLARY / AFP)

This week the United States’ biggest newspaper chain posted to its site two unusual job listings: a Taylor Swift reporter and a Beyoncé Knowles-Carter reporter.
Gannett, which owns more than 200 daily papers, will employ these new hires through USA Today and The Tennessean, the company's Nashville-based newspaper. The chain is looking for “modern storytellers” adept in print, audio and visual journalism, said Michael Anastasi, the Tennessean's editor and Gannett's vice president for local news.
“Seeing both the facts and the fury, the Taylor Swift reporter will identify why the pop star’s influence only expands, what her fanbase stands for in pop culture, and the effect she has across the music and business worlds,” The Associated Press quoted the company as saying in its job description.
Similarly, the company wants a journalist who can capture Beyoncé Knowles-Carter's effect on society and the industries in which she operates.
Anastasi said the Tennessean already has a three-person music team and “I put our sophisticated coverage up against anybody.” Gannett is always looking for opportunities to make itself essential for paying customers, he said.
Critics of the new roles cited layoffs at Gannett, where the workforce has shrunk 47% in the last three years due to layoffs and attrition, according to the NewsGuild. At some newspapers, the union said the headcount has fallen by as much as 90%. Last year alone, Gannett cut about 6% of its roughly 3,440-person US media division.
Some journalists said that while hiring these massively popular artist-specific roles reflect their influence in pop culture, they do fail to invest in local journalism at a company known for its local dailies.
“At a time when so much serious news and local reporting is being cut, it’s a decision to raise some questions about,” Rick Edmonds, an expert at the journalism think tank Poynter Institute, said of the new positions.
Said Anastasi: “We're not hiring a Taylor Swift reporter at the expense of other reporters.”
Some journalists criticized the job listings for presenting superfan behavior as a full-time journalism job. Music writer Jeremy Gordon said on social media that it “doesn't feel great to see ‘full-time stan’ go out as an actual journalism job.” Stan is slang for “superfan.”
If the hire acts more like a fan than a journalist, the decision could backfire on Gannett. But if the job is done well, and the reporters can penetrate tightly-controlled operations to glean insights, they can establish themselves as national authorities on important cultural figures.



Netflix Beats Subscriber Targets, Cautions on Ad Growth

FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, US July 16, 2018. REUTERS/Lucy Nicholson/File Photo
FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, US July 16, 2018. REUTERS/Lucy Nicholson/File Photo
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Netflix Beats Subscriber Targets, Cautions on Ad Growth

FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, US July 16, 2018. REUTERS/Lucy Nicholson/File Photo
FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, US July 16, 2018. REUTERS/Lucy Nicholson/File Photo

Netflix said on Thursday it added more than 8 million subscribers in its second quarter as the streaming service benefited from a password-sharing crackdown and the popularity of such titles as "Bridgerton," "Baby Reindeer" and "The Roast of Tom Brady."
While the subscriber gains topped analyst predictions of 5 million, Netflix issued cautious guidance for the third quarter and said its advertising business would not become a primary driver of revenue growth until at least 2026, said Reuters.
Netflix shares reversed initial losses after it reported results to trade up 1% in after-hours trading. The stock has surged nearly a third so far this year.
"Netflix is still the best and most profitable streaming company out there, but with technology stocks generally retreating over the last several days, some investors may sell on the generally good news and taking profits now while waiting for a possible better re-entry point for the stock," said Michael Ashley Schulman, chief investment officer at Running Point Capital.
The streaming video pioneer is facing saturation in the United States and plans to stop regularly reporting new subscriber additions next year. Investors have been zeroing in on the company's relatively new advertising business as a potential source of growth.
On Thursday, Netflix said third-quarter subscriber gains would be lower than the comparable period in 2023 when it had just started the password clamp-down.
The company also said its vice president of ad sales, Peter Naylor, was departing.
Third Bridge analyst Jamie Lumley said Netflix's advertising business "has yet to prove itself from a revenue standpoint."
"Our experts highlight that Amazon has made a much bigger splash in the ad market and Netflix needs to continue working on scale in this segment if it wants to be a major player," Lumley said.
For April through June, Netflix posted diluted per-share earnings of $4.88, compared with consensus forecasts of $4.74 a share, according to LSEG. Revenue for the quarter reached $9.56 billion, in line with estimates.
At the end of June, the new sign-ups brought the total number of global Netflix subscribers to more than 277 million.
Netflix said its ad tier membership grew 34% from the prior quarter, but it did not say how many subscribers chose that option.
"Our ad business is growing nicely and is becoming a more meaningful contributor to our business," Netflix said in a letter to investors. "But building a business from scratch takes time - and coupled with the large size of our subscription revenue - we don't expect advertising to be a primary driver of our revenue growth in 2024 or 2025."
On a post-earnings video, Netflix Chief Financial Officer Spencer Neumann said the company's advertising business is "growing nicely," but it is building off a small base.
"It's a meaningful contributor," Neumann said. "And then we get (to) '26 and beyond, it can be even more meaningful, and hopefully comes to the point where it's a primary contributor."
The company said it expects third-quarter revenue growth of 14% compared with a year ago.
Three years into its videogame initiative, Netflix said it planned to release a multiplayer game based on "Squid Game" later this year when it debuts Season Two of the dystopian Korean series. It also plans games tied to "Emily in Paris" and "Selling Sunset."