The News Business Is Collapsing In Front Of Us

“Virtually every news organization in America has seen its audience decline (and in some cases crater) since the record numbers of last winter. Some blame the Google and Facebook algorithms (could real news getting caught up in the fight against the fake stuff?). Others speculate that readers and viewers are simply tiring of the 24/7 onslaught of crazy. Either way, declining audience equals declining advertising revenue, and we know what that means.”

Just How Many Damn Contemporary Art Museums Can Miami Take?

“More, more, more. Here, hardly a season goes by without the announcement of yet another new art museum or expansion – all fueled by the homegrown excitement and international attention surrounding the Art Basel Miami Beach fair each December, and all primarily focused on Basel-style contemporary art at the expense of virtually every other artistic milieu. Left behind is the math underlying this increasingly crowded landscape: Can Miami afford all of these art museums?”

$450M Leonardo ‘Salvator Mundi’ May Have Had ‘Double-Bind Guarantee’ (What’s That?)

“To minimise its risk, the auction house found a third party willing to ‘guarantee’ the work. In other words, the painting was pre-sold to an undisclosed buyer for an undisclosed sum.” That third party was, according to one rumor, the owners of another work on sale at the same auction, Warhol’s Sixty Last Suppers – which was, in turn, guaranteed by Dmitry Rybolovlev, seller of Salvator Mundi. Hence the “double-bind.”

Jim Nabors, TV’s Gomer Pyle, Dead At 87

“Gomer was a recognizable kind of American hero: a good-hearted, gentle, unsophisticated sort (not unlike Forrest Gump of a later era) who encounters a harder, more cynical modern world – in this case embodied by Southern California – and helps redeem it. … To fans who knew him only as Gomer, his full-throated, almost operatic baritone was surprisingly striking, if strangely incongruous.”

Welcome To The News Paywall 2.0

“The first time around, many paywalls simply did not work. But times have changed. The New York Times success in transforming itself into a company that is markedly less dependent on advertising than it has been in recent years has emboldened many other publishers. The Times now makes more than 20 percent of its revenue on digital-only subscriptions, a number which has been growing quickly. In absolute terms, last quarter, the Times made $85.7 million from these digital products. The question is: Can media organizations that are not huge like the Times or The Washington Post, or business focused like Financial Times or The Wall Street Journal, create meaningful businesses from their paywalls?”