Since the Election Day on Tuesday, Newspaper earnings and their stocks traded have experienced impressive growth as increasing number of people have turned towards the esteemed journalistic companies to register their response to the shock Trump Victory, which was by all means not going to happen as reported by the same media and news houses.
Newspapers like the WSJ and N.Y Times could not predict the correct election results and missed the Trump landslide support among American diaspora in its entirety in the days when Trump ran his monumental campaign. People in the U.S are now turning to these same new houses to support authentic journalism and more so after John Oliver in his show on HBO took to the phenomena of fake news that allegedly helped in large part in Trump’s victory.
He called on Americans to show support towards journalism that was authentic and backed by verifiable resources. N.Y Times has received nearly 4 times the daily subscription requests since Election Day. On the other hand, WSJ looked puzzled as it received nearly 300 percent more traffic on its subscription avenues just the next day after elections.
Trump had a battle to win not only on the election ground but also in the journalism arena where things did not go quite his way as he was alleged of sexual misconduct and his remarks on immigration were the topic of some serious hot debate on news channels and print media where he was mostly looked on and presented as controversial in large part.
The retaliation from Trump came in the form of repeatedly discrediting the stories from the media as being made up and barring media reporters from most of his electoral campaign rallies that had an adverse effect on the credibility of the media as Trump rhetoric registered more resoundingly in the mind of the voters and the general public.
Gannet & Co registered an 18% increase in traded volume, a hefty start for the largest publisher since elections which are signs that the general public in an almost knee-jerk reaction is turning to media houses as a response in terms of fulfilling their civic duty of keeping authentic journalism alive and bustling.