The 11th Hour Dispatch – Tuesday, March 20, 2018

| March 21, 2018

Subscribe to The 11th Hour Dispatch, Karma’s new anti-newsletter newsletter.

BINGE WATCH

Cheddar has announced the launch of its second news network after closing a $22 million Series D funding round. Cheddar Big News will hit the internet in April and serve up national news “with the style of a local broadcast.” The channel will include politics, business, sports, and weather, but partisan pundits typical of 24-hour news networks are not welcome. It will also unfortunately not cover any cheese-specific content, which is a really big loss in my opinion. The Cheeseheads will also roll out a Snapchat Discover channel alongside the network. The company claims a viewership of 10% of U.S. millennials, and 58% of its overall audience has a net worth of more than $250,000.

YOUNG MONEY

Amazon has officially surpassed Alphabet in market value. Amazon is currently worth $763.27 billion while Alphabet is valued at a cute $762.98 billion. Amazon’s stock is up nearly 29% since early January. Alphabet’s first quarter has been a little more tumultuous as Amazon continues to soar and take over every aspect of our lives. Even though this all sounds great, the other A is still the biggest company by market capitalization. Yup, you guessed it. Apple. 

BIG BUSINESS

Google is committing $300 million to fighting fake news. Today, the company launched Google News Initiative, a program that brings new tools and partnerships to newsrooms to help “strengthen quality journalism.” The most notable of these new tools is Subscribe with Google, a feature that allows people to sign up for subscriptions to news outlets with the previously used billing information Google already has on file. This will make it easier for users to subscribe to quality news and also help the publications drive subscription revenue as Facebook and Google continue to make it harder for publishers to make ad revenue. 

NOTHIN’ BUT ‘NET

Shia LaBeouf is playing his dad in a film about himself because of course he is.

Want more news like this? Subscribe to The 11th Hour Dispatch to get the newsletter you want, need, and deserve in your inbox every night.