https://mediamatters.org/blog/2017/...baugh-problem-advertisers-despise-hate/215707
Capitalism in action. Why don't we let the "free market" decide this one, folks?
So its official: Breitbart now has a Glenn Beck and a Rush Limbaugh problem. Its unapologetically offensive content has driven away hundreds and hundreds of advertisers, according to a tally kept by the group Sleeping Giants. And based on Beck and Limbaughs previous boycott struggles, its probably safe to predict those advertisers are never coming back.
Previously, companies and ad agencies made sure their programmatic ads didnt appear on porn sites, for instance. But they hadnt made provisions to keep their ads off race-baiting, homophobic, "alt-right" sites like Breitbart.
For lots of companies, the decision to ditch Breitbart was apparently an easy one. We determined that the site violates our hate speech prohibition, an AppNexus spokesman told The Los Angeles Times.
Heres the bottom line: Breitbarts online traffic has undeniably surged as the site has ridden the right-wing Trump wave, but that traffic isnt being monetized. Breitbarts recent rise in popularity is not only not attracting more advertisers, its running concurrent with a mass exodus of advertisers.
Note that Breitbart recently surpassed ESPN.com in terms of reader traffic. But does anyone think Breitbart, facing a reported 1,200-company ad boycott, is banking more ad revenue that ESPN.com? I certainly dont. And Im not alone.
[P]eople inside the publication say the divergence between its web traffic and its ad revenues is fairly significant, according to Fox Business.
Today, the larger question for Breitbart is, how much does this matter? Because heres the truth about Breitbart: It behaves more like an "alt-right" think tank, or a super PAC, than a news organization. And like lots of purely partisan conservative entities, Breitbart is privately funded by rich ideologues, with a mission to drive a political agenda, not to publish journalism.
Robert Mercer has reportedly given Breitbart at least $10 million. Mercer is a billionaire hedge fund manager, and he and his familys foundation (which is headed by his daughter Rebekah) have emerged as key Trump allies who have given millions of dollars to far-right causes in recent years, causes like the Heritage Foundation, Citizens United, the Media Research Center, and the Cato Institute. Note that there's no record of the Mercers doling out millions of dollars to nonpartisan journalism enterprises. They dole out millions to purely partisan, right-wing political operations.
Like Breitbart.
In truth, theres little indication that without rich donors Breitbart could survive in the marketplace as an advertising-driven entity. Like the New York Post and other conservative outlets with failed business models, Breitbart needs the support of deep-pocketed ideologues to stay afloat.
So for now, Breitbart relies on people like Mercer to pay the bills, while more than a thousand advertisers insist they want nothing to do with the "alt-right" site.
Capitalism in action. Why don't we let the "free market" decide this one, folks?