A Historic Gold Announcement Is About to Rock Wall Street

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

Legacy news on its heels as second Trump era begins, but not abandoning mission

DAVID BAUDER
January 19, 2025

NEW YORK (AP) -- As Donald Trump prepares to assume the presidency for a second time, he faces a news establishment on its heels -- but not flat on its back.

Last year's presidential campaign suggested that many traditional outlets are not depended upon, or trusted, nearly as much as they used to be. Some face leadership transitions and financial problems. Incoming power brokers, and their supporters, seek and receive information on friendly turf.

Yet as with most times of transition, opportunities abound for new voices to emerge.

When Meta founder Mark Zuckerberg wanted to publicize Trump-friendly policy changes this month at the social media giant, the choice of outlets was telling. One was "Fox & Friends," the cable news program that was an agenda-setter during the president-elect's first term and poised to be again. Another was an interview with podcaster Joe Rogan.

The New York Times? The Washington Post? CBS News? CNN? Those legacy outlets had to follow other leaders.

"No old rules apply," said Robin Sproul, longtime former Washington bureau chief for ABC News. "Not just because of the anti-press approach of this (incoming) administration, but also because these business models are on fire."

There have been leadership changes at several legacy news outlets

Several prominent outlets have seen recent leadership changes. In November, The New York Times appointed Dick Stevenson as its new Washington bureau chief; in December, CNN elevated David Chalian to lead its bureau. Both men have deep experience covering the capital.

The Wall Street Journal's political and government has undergone a dramatic restructuring of its political and government coverage, and this month it announced Damian Paletta would be its Washington coverage chief.

The Washington Post, whose coverage of the first Trump term led to a surge in readership, has been in a free fall this past year. Publisher Will Lewis has sought to right the ship, but the hometown newspaper has bled money and subscribers, many angry that the Post backed off a presidential endorsement at the last minute. Recently, the Post has seen more than a half-dozen defections of its journalists to other outlets, including managing editor Matea Gold, who joined the Times.

MSNBC's president, Rashida Jones, announced this week she was leaving as that network undergoes a restructuring in corporate management. Politico said that its influential Playbook newsletter is getting a new author. C-SPAN has a new CEO in ex-CNN executive Sam Feist.

That's an unusual amount of flux, even given that the arrival of a new president is often a time for change at news outlets that cover Washington.

The most disruptive change, though, is news outlets coming to terms with their new place in the world.

With mistrust in traditional media so high, consumers have many different ways to seek out news, including newsletters, podcasts and partisan sites, said Jim VandeHei, a former political reporter at the Post who co-founded Politico and is now co-founder and CEO of Axios. Axios' lane is nonpartisan -- it doesn't do editorials -- and it seeks readers who value brevity and a clinical, non-emotional approach to covering Washington, he said.

"You can't just live on the fact that 'I work for the media' or 'I work for the Washington Post,'" VandeHei said. "You have to be able to tell people things that they need to know and they have to have the trust that you're trying to get them to the closest approximation to the truth so that you're useful to them."

Outlets with points of view -- he mentioned Bari Weiss' company, The Free Press, and the conservative media empire Ben Shapiro built after starting The Daily Wire in 2015 -- are important pieces of the puzzle now, too.

Time for some humility?

The mainstream media "needs to be humble enough to realize that you're no longer the most important player in the information landscape," Vandenhei said. "There are a lot of players. You can be a significant player. You're not going to be the dominant player. You're no longer going to shape the narrative."

Shortly after the election, Michael Tomasky, editor of The New Republic, argued that conservative-oriented media like Fox News, Newsmax, Sinclair Broadcasting, podcasts like Rogan's and Elon Musk's X now set the country's news agenda.

"This was the year in which it was obvious that right-wing media has more power than mainstream," Tomasky wrote. "It's not just that it's bigger. It's that it speaks with one voice, and that voice says Democrats and liberals are treasonous elitists who hate you, and Republicans and conservatives love God and country and (are) your last line of defense against your son coming home from school your daughter."

Trump may occasionally grumble about Fox News, but it's clearly the place he and his team most frequently choose to deliver their message. as they disparage legacy news.

There was a time that the triumvirate of ABC, CBS and NBC had great news power, but that has diminished with viewership. Exhibit A: President Biden didn't choose a broadcast anchor like David Muir or Lester Holt for his exit interview; he went to MSNBC's Lawrence O'Donnell.

CNN has struggled mightily to find a mix that appeals to television viewers, and has recorded historic low audience levels while new CEO Mark Thompson tries to pivot toward a more digital future.

"The old model of a panel of people arguing with each other is not appealing to people anymore," said Sproul, who led ABC's Washington bureau from 1993 to 2015. "You had that at your own dinner table at Thanksgiving. You don't need that on your TV."

One outlet that has been staffing up instead of retrenching on the eve of Trump's inauguration is The Atlantic. Among the online site and magazine's new hires recently were political writers Ashley Parker and Michael Scherer from the Post.

"Our mission right now is to do accountability reporting and it's our role to apply ourselves as aggressively as possible to whatever is going to happen when Trump takes office," said Jeffrey Goldberg, editor-in-chief of the Atlantic.

The Atlantic is positioning itself as a home for reporting, not Trump resistance. "I tell my journalists all the time that if Trump does something that shows his judgment is good or is effective, I want you to report that," he said. At a fraught time for news organizations, he and his colleagues plan to put their heads down and work, and consumers will sort out where it all stands.

"I think we're in a moment where the burden really does fall on the individual," VandeHei said. "There is an embarrassment of riches of free, easily accessible content right now. But you have to know where to find it."

___

David Bauder writes about media for the AP. Follow him at http://x.com/dbauder and https://bsky.app/profile/dbauder.bsky.social

Continue Reading...

Popular

Cathie Wood's Alpha Surge: $250 Million Circle Windfall, Big AMD Buys

Cathie Wood, founder and CEO of ARK Invest, has recently been on a hot streak of successful and high-profile trades through her flagship ARK ETFs. 

Trump's Exec Order #14154 Could Be a "Millionaire-Maker" - Ad

Trump's next move could cement his legacy--and trigger a historic wealth boom. Ex-presidential advisor Jim Rickards reveals how it could hand millions a shot at true financial freedom. Watch the urgent interview while it's still free.

BigBear.ai, AMD, QuantumScape, Coinbase, Tesla: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks ended the day on a high note, with the Nasdaq gaining over 1.4% on Tuesday to 19,912.53. The Dow also traded up 1.2% to 43,089.02, while the S&P 500 rose by 1.1% to 6,092.18. These are the top stocks that gained the attention of retail traders and investors throughout the day:

AI Bloodbath Coming on June 1st? - Ad

If you're invested in AI stocks, you need to see Elon Musk's new invention. A $2.2 trillion shakeup could hit as soon as June 1--crashing giants like Nvidia. Former hedge fund manager Enrique Abeyta reveals how to prepare.

Trump's Crypto Ventures, Draper And Cathie Wood's Bitcoin Predictions, MSTR Estimates, And More: This Week In Crypto

The past week in the world of cryptocurrency was nothing short of eventful. From legislative moves aimed at curbing alleged corruption in cryptocurrency ventures to bold predictions about Bitcoin’s dominance, the week was filled with intriguing developments. Here’s a quick recap of the top stories that made headlines.

Crypto Genius: This Could Crush Bitcoin in 2025 - Ad

On June 30th, two powerful "Wealth Drivers" ignite what could be a 2025 super bull run-backed by Trump. One investmentThe altcoin market as a whole has already soared 132,721% over the past ten years and could surge again. A $900 stake could turn into $108K over 12 months. This is The Great Gain of 2025.

BigBear.ai (BBAI) Stock Soars 21%: What's Going On?

Shares of BigBear.ai are trading sharply higher Tuesday afternoon. The rally comes without any new company-specific announcements.

Mystery Seller Behind $105 Million Plot Next to Jeff Bezos Estate Finally Revealed

A plot of land neighboring Jeff Bezos' property in Miami was sold for a staggering $105 million. The undeveloped lot was sold by German investor Mikhail Peleg.

A 64% Dividend From Gold? - Ad

Gold is soaring. But here's what no one's talking about: a way to earn a 64% dividend-paid in real cash every 30 days. No trading. No risky mining stocks. Just one simple move in your brokerage account... and you could start collecting monthly income almost instantly.

Elon Musk Has A New Problem: BYD Beats Tesla In Global EV Sales Amid Europe Expansion

BYD has surpassed Tesla in global sales for the first time according to the International Council on Clean Transportation.

Bernie Sanders Shares First Thing He Would Do As President — And It Could Be A Jab At Elon Musk

Bernie Sanders lost the 2016 and 2020 presidential races. In a recent interview, Sanders shared what he would do first if he were president.

If You Missed Tesla, Here's Your "Second Chance"... - Ad

If you missed your shot at turning $1,000 into more than $18,000 when I recommended Tesla, you'll want to pay close attention. I'm 100% convinced Elon's "Agenda X" could make early investors rich. But you need to hurry, because Elon and Visa are moments away from launching.

T-Mobile Stock (TMUS) Plunges After SoftBank's $4.8B Share Sale: Report

T-Mobile stock is down over 4% after SoftBank reportedly sold $4.8 billion in shares at a discount. This major share sale by a key investor is contributing significantly to the stock's decline Tuesday.

Asia shares climb after China and the US say they have a framework for seeking a trade deal

TOKYO (AP) — Asian shares mostly rose Wednesday after . said they had reached agreement on a framework for following up on the trade truce reached last month in Geneva.

Wall Street Says BUY GOLD, But... - Ad

While markets wobble, gold keeps smashing records-and banks say it's just beginning. Goldman urges "buy gold" to hedge trade wars; JPMorgan plans $6,000 an ounce and just took delivery of $4 billion in bullion. Yet past bull runs saw 13x-1,000x bigger gains without buying more gold.

Occidental Petroleum, Exxon Mobil, Chevron Surge In Monday Pre-Market: What's Going On?

Occidental Petroleum Corp (NYSE: OXY), Exxon Mobil Corp (NYSE: XOM) and Chevron Corp (NYSE: CVX) climbed 1.95%, 1.53% and 1.31% during Monday pre-market trading session after oil prices have skyrocketed to their highest point since January, sparking concerns about potential supply disruptions.

The Missing Ingredient for Big Tech's $3T Recipe? - Ad

Big Tech doesn't build everything; they buy what's next. And only Emteq's tech offers real behavior insights for smart glasses, key to unlocking the $3T XR market. Their patented sensors track live facial muscle movements. With health-focused smart glasses in demand, only Emteq has this tech.

Steve Jobs Took Secrecy To Fight Club Levels For This Critical Mission At Apple — 'People Thought They Knew…But Nobody Knew'

Apple's original iPhone team, under Steve Jobs, operated with intense secrecy, likening their work to "Fight Club," with no one outside the core group knowing the device's design until its 2007 debut.

Critical minerals give China an edge in trade negotiations

GANZHOU, China (AP) — China’s dominance over critical minerals in global supply chains was a powerful bargaining chip in trade talks between Beijing and Washington that concluded with both sides saying they to pursue a deal.

Crypto Genius: These 5 Altcoins Could Crush Bitcoin in 2025 - Ad

On June 30th, two powerful "Wealth Drivers" ignite what could be a 2025 super bull run-backed by Trump. One investmentThe altcoin market as a whole has already soared 132,721% over the past ten years and could surge again. A $900 stake could turn into $108K over 12 months. This is The Great Gain of 2025.

Trump says he’s terminating trade talks with Canada over tax on technology firms

WASHINGTON (AP) — President Donald Trump said he’s immediately suspending over its plans to continue with its tax on technology firms, which he called “a direct and blatant attack on our country.”

Bye Bye Birdie: Twitter Blue Bird Logo Blown Up To Promote Online Marketplace Company

Elon Musk bought Twitter for $44 billion and rebranded it to X, auctioning off old memorabilia like the iconic blue bird logo. Ditchit, the buyer of the logo, recently blew it up in a promotional stunt.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Barrick's Top Gold Mine Placed Under State Control

Mali's Bamako Commercial Court put Barrick Mining's Loulo-Gounkoto gold complex under state control for 6 months after a prolonged standoff over taxation.

GOP tax bill would cost poor Americans $1,600 a year and boost highest earners by $12,000, CBO says

WASHINGTON (AP) — The Republican tax bill would cost the poorest Americans roughly $1,600 a year while increasing the income of the wealthiest households by an average of $12,000 annually, according to a Thursday by the Congressional Budget Office.

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

Senate Republicans move to slash CFPB funding by half, risking hundreds of job cuts

NEW YORK (AP) — Senate Republicans have moved to cut the funding of the Consumer Financial Protection Bureau by roughly half, as part of President Trump’s “Big Beautiful Bill,” which is likely to lead to hundreds of job cuts at the nation’s financial watchdog agency.

California energy regulator recommends pause on plan to penalize excess oil profits

SACRAMENTO, Calif. (AP) — California should pause Gov. Gavin Newsom's plan to penalize oil companies if their profits climb too high, a top energy regulator said Friday while unveiling proposals aimed at addressing high gas prices.

Trump's Exec Order #14154 Could Be a "Millionaire-Maker" - Ad

Trump's next move could cement his legacy--and trigger a historic wealth boom. Ex-presidential advisor Jim Rickards reveals how it could hand millions a shot at true financial freedom. Watch the urgent interview while it's still free.

How to manage ADHD at work and turn it into a strength

NEW YORK (AP) — Jeremy Didier had taken her son to a psychologist for a when she spotted an article about women with the condition. As she read it in the waiting room, she thought to herself: They're describing me.

The Latest: Death toll grows as Israel and Iran trade attacks for third day

The death toll is growing as exchanged missile attacks for a third consecutive day on Sunday, and Israel is warning that worse is to come.

AI Bloodbath Coming on June 1st? - Ad

If you're invested in AI stocks, you need to see Elon Musk's new invention. A $2.2 trillion shakeup could hit as soon as June 1--crashing giants like Nvidia. Former hedge fund manager Enrique Abeyta reveals how to prepare.

Crypto Genius: This Could Crush Bitcoin in 2025 - Ad

On June 30th, two powerful "Wealth Drivers" ignite what could be a 2025 super bull run-backed by Trump. One investmentThe altcoin market as a whole has already soared 132,721% over the past ten years and could surge again. A $900 stake could turn into $108K over 12 months. This is The Great Gain of 2025.

US-Iran Nuclear Deal In 2025? Crypto Bettors On Polymarket See Strong Chance After Trump's Ceasefire Announcement

Cryptocurrency bettors sharply raised their odds on Monday that the United States and Iran would strike a nuclear deal in 2025 after President Donald Trump confirmed a ceasefire in the ongoing Middle East conflict.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service