President Trump’s inauguration was due to the earthquake in the news and entertainment business.
Trump and his peers are aiming for the Corporate America DEI program. He revived complaints against television networks, challenged public media funding, and blocked several news outlets from covering the event. His proposed tariffs have caused chaos in global markets, elevated the ghost of the recession, and threatened media and entertainment along with other business circles.
Let’s take a closer look at how Trump’s impact rattles media and entertainment.
News Outlets are facing new attacks
The Washington Post was shaken by a tumultuous change in staff after Bezos caused approval.
Andrew Harnik/Getty Images
Trump’s influence was felt long before he took office for the second time.
In particular, during the campaign, the Washington Post and the Los Angeles Times reversed long-standing practices in favor of presidential candidates. This raised concerns both inside and outside the paper that news outlets are self-censoring in fear of Trump’s retaliation. Post-owner Jeff Bezos said he made the decision because many people think the media is biased and that the president’s support would not help. Times owner Dr. Patrick Snaion said he wanted the rocky election year to not split much.
Then, early in Trump’s new term, Bezos rocked the opinion section of his dissertation.
The movement spurred repulsion. Post has seen a dramatic change in staff and a massive number of subscription cancellations, and some LA Times members have resigned.
Trump beats their credibility, but mainstream news outlets are rushing to reverse the long-term decline in audience trust by increasing transparency and deepening engagement. However, trust takes a long time to recover, and the digital shift has weakened the business models of many news outlets, making it difficult for them to fight back.
One exception is the New York Times. This is one of the biggest business successes among traditional news outlets. In a post-election memo, he promised that “boring” is “fair” in Trump’s reporting.
read: NYT, WSJ, NBC, etc.
Entertainment feels the crackdown on Day
Media and Entertainment conglomerates have joined the rest of the corporate America to address Trump’s DEI crackdown with corporate diversity, equity and inclusion efforts.
Disney’s move here was notable as CEO Bob Iger has criticised Trump’s policies in the past and defended liberal themes in Disney’s television shows and films. That said, even before Trump returned home, Iger kept saying Disney’s. The main mission is to entertain Rather than moving forward with the political agenda.
As large entertainment companies cut DEI business-wise, creatives and their staff say the liberal themes of programming were also cold.
A Hollywood insider told BI that Shift took the form of studio executives asking producers to tweak storylines and characters.
read: Trump has influenced Hollywood like the president
Tariffs threaten Hollywood’s recovery
The economic uncertainty that tariffs have been created could be reduced to attendance at Disney parks.
Todd Anderson/Getty Images
Many bankers and investors hoped Trump would return to the White House and lead an environment of a business environment that would benefit the transaction. This was particularly relevant to entertainment. The biggest deal on the crisis has been Skydance Media’s long-standing merger with plans to spin off most of Paramount Global and Comcast’s NBCuniversal Cable channels.
But hope for a simple climate quickly began to fade.
Trump attacked several news outlets, including Comcast’s NBC News. Before the election, he sued Paramount’s CBS, claiming that the “60 minutes” manipulated an interview with former vice president Kamala Harris in her favour. The suit is pending.
Trump then ordered tariffs that could easily traverse media and entertainment companies in terms of advertising and consumer revenue.
Media and Entertainment stocks fell to tariff news. Debt-held Warner Bros Discovery and Park-dependent Disney were the most hits, but Netflix, protected by its utility-like status, was the most affected.
Customs duties can cause Hollywood. Hollywood was already struggling to strike his historic workforce, pull back spending and recover from La Fire.
read: Meta and Amazon’s advertising business could be hit by Trump’s tariffs. Other media companies at risk include: