This article came out in April, but since there’s been some discussion in the comments wondering why ‘liberal media’ doesn’t have any billionaires willing to subsidize our point of view… Paul Farhi, at the Atlantic — “Right-Wing Media Are in Trouble”: [gift link]
As you may have heard, mainstream news organizations are facing a financial crisis. Many liberal publications have taken an even more severe beating. But the most dramatic declines over the past few years belong to conservative and right-wing sites. The flow of traffic to Donald Trump’s most loyal digital-media boosters isn’t just slowing, as in the rest of the industry; it’s utterly collapsing.
This past February, readership of the 10 largest conservative websites was down 40 percent compared with the same month in 2020, according to The Righting, a newsletter that uses monthly data from Comscore—essentially the Nielsen ratings of the internet—to track right-wing media. (February is the most recent month with available Comscore data.) Some of the bigger names in the field have been pummeled the hardest: The Daily Caller lost 57 percent of its audience; Drudge Report, the granddaddy of conservative aggregation, was down 81 percent; and The Federalist, founded just over a decade ago, lost a staggering 91 percent. (The site’s CEO and co-founder, Sean Davis, called that figure “laughably inaccurate” in an email but offered no further explanation.) FoxNews.com, by far the most popular conservative-news site, has fared better, losing “only” 22 percent of traffic, which translates to 23 million fewer monthly site visitors compared with four years ago…
What’s going on? The obvious culprit is Facebook. For years, Facebook’s mysterious algorithms served up links to news and commentary articles, sending droves of traffic to their publishers. But those days are gone. Amid criticism from elected officials and academics who said the social-media giant was spreading hate speech and harmful misinformation, including Russian propaganda, before the 2016 election, Facebook apparently came to question the value of featuring news on its platform. In early 2018, it began deemphasizing news content, giving greater priority to content posted by friends and family members. In 2021, it tightened the tap a little further. This past February, it announced that it would do the same on Instagram and Threads. All of this monkeying with the internet’s plumbing drastically reduced the referral traffic flowing to news and commentary sites. The changes have affected everyone involved in digital media, including some liberal-leaning sites—such as Slate (which saw a 42 percent traffic drop), the Daily Beast (41 percent), and Vox (62 percent, after losing its two most prominent writers)—but the impact appears to have been the worst, on average, for conservative media. (Referral traffic from Google has also declined over the past few years, but far less sharply.)…
For conservative media publishers, the financial consequences of such a steep decline in readership are hard to know for certain. None of the best-known names publicly reports revenue figures, and many are supported by rich patrons who may not be in it for the money. But the situation can’t be good. Digital media still rely on advertising, and advertising still goes to places with more, not fewer, people paying attention. Traffic also drives subscriptions.
More broadly, the loss of readership can’t be helpful to the ideological cause. Top-drawing sites like the conspiratorial Gateway Pundit and Infowars help keep the MAGA faithful faithful by recirculating, amplifying, and sometimes creating the culture-war memes and talking points that dominate right and far-right opinion. Less traffic means less influence…
The trouble is that there are now alternatives to the alternatives. The Righting’s proprietor, Howard Polskin, pointed out to me that the websites that dominated the field in 2016—Fox News, Breitbart, The Washington Times, and so on—are no longer the only players in MAGA world. The marketplace has expanded and fragmented since then, splintering the audience seeking conservative or even extremist perspectives among podcasts, YouTube videos, Substack newsletters, and boutique platforms like Rumble. “There’s a lot of choice,” Polskin said. “Even if [the big] sites went out of business tomorrow, there are a lot of voices still out there.”…
The precipitous decline in traffic to conservative publications raises a larger and possibly unanswerable question: Did these operations ever really hold the political and cultural clout that critics ascribed to them at their peak? Recall the liberal anger in 2020 when Ben Shapiro was routinely dominating Facebook’s most-engaged content list, generating accusations that Facebook’s algorithm was favoring right-wing posts and pushing voters toward Trump. Yet Joe Biden went on to win the election easily, and Democrats overperformed in the 2022 midterms. Now, as conservatives cry that Big Tech has crushed their traffic, Trump is running neck and neck with Biden in the polls, even with a legal cloud hanging over him and shortfalls of campaign cash. Maybe who wins the traffic contest doesn’t matter as much as it once appeared.
Holy shit the Federalist is down to 9/10 of a guy pic.twitter.com/gXZEkd0mXN
— Andrew Fleischman (@ASFleischman) June 12, 2024
I am thrilled you have managed to get most of your parents to subscribe
— Andrew Fleischman (@ASFleischman) June 13, 2024
She was like "everyone who reads the federalist respond!" and I was swarmed with 12 replies https://t.co/wcbG9ooqPN
— Andrew Fleischman (@ASFleischman) June 13, 2024