• D.C.
  • BXL
  • Lagos
  • Riyadh
  • Beijing
  • SG
  • D.C.
  • BXL
  • Lagos
Semafor Logo
  • Riyadh
  • Beijing
  • SG


In this edition: How conservative media’s book publishing plans fail to take off͏‌  ͏‌  ͏‌  ͏‌  ͏‌  ͏‌ 
 
sunny New York
sunny London
sunny Rehoboth Beach
rotating globe
August 12, 2024
semafor

Media

media
Sign up for our free email briefings
 
Max Tani
Max Tani

Welcome back to Semafor Media, where the news doesn’t care about your summer vacation.

The political news cycle — and the politicians — have finally caught up with a decade of radical shifts in media.

The new faces in presidential politics, JD Vance and Tim Walz, are far closer to this generation’s news media. Vance, to his political benefit and detriment, is very online. His media fluency helped propel him to conservative stardom, but could be a political risk among a wider audience. Walz is a folksy master of the cable TV cycle, but also a guy who spent a lot of time with reporters on Capitol Hill, and his addition to the ticket was partially the result of a concerted campaign by his team to raise his profile over the last two years.

All of it amounts to a fascinating and, let’s be honest here, exciting moment for a political news media that has been pretty parched over the past few years. And as the presidential cycles swallows the news over the next few months, it’s one we’ll be navigating here — please respond to this email if you’ve got story ideas, or other ways we could make this product better.

Also: This week, I used Ben’s absence as an opportunity to write about a thesis he didn’t get quite right during the Biden era: the struggles of independent conservative publishers, which have benefited less than they hoped from the Biden years. Plus Nancy Pelosi’s book tour, a wrinkle for Smartmatic, and more British media news in America. (Scoop count: 5)

Max Tani

Conservative indie publishing boom turns to bust

Gage Skidmore/Flickr

It’s hardly a surprise that Ben Shapiro is working on another book. Publishing remains one of the most lucrative elements of a successful media career on the right, and the Daily Wire co-founder is at the top of the list of in-demand voices. The new book will be a payday for the commentator, already a multiple-time New York Times bestselling author.

But Shapiro would apparently rather be the author of the book than its publisher.

Just three years after its splashy launch, the Daily Wire’s publishing arm has largely wound down its operations. Alyssa Cordova, who was brought on to lead the imprint when it launched in 2021, is now a communications person for the media company. Plans for books by Candace Owens never materialized after she flamed out and parted ways with the company. And when Shapiro publishes his next book, it will likely be with a major publisher, not his own imprint.

“Daily Wire was actually quite successful with the books we did publish by industry standards, but traditional book publishing is high effort and low margin and doesn’t make sense for the pace of our business right now,” Cordova told Semafor in an email. “We are still positioned to publish books in-house that make sense for us (for example, specialty books like Johnny the Walrus by Matt Walsh — which has sold over 150,000 copies — and kids’ books tied with our children’s entertainment content) but, for now, current events nonfiction books by our hosts make more sense to outsource.”

The Daily Wire’s pivot reflects a broader realization on the right, as publishers have struggled to recreate the book sales of the conservative imprints at major publishing houses.

People close to Donald Trump launched Winning Team Publishing in 2021 with the goal of circumventing major publishers and self-publishing books by the former president and members of his political coalition. But the company hasn’t had much luck selling books beyond those written by its signature author.

It’s difficult to tell how many books Winning Team has sold because the publisher sells many of the titles directly to customers, meaning its sales don’t show up in BookScan, which tallies sales from Amazon, Barnes & Noble, and other retailers. But Fox News host Judge Jeanine Pirro, whose last book with Hachette sold 75,000 copies, published a book via Winning Team in 2023 that sold 18,000, according to BookScan. Turning Point USA founder Charlie Kirk’s 2022 book with the Trump family publisher sold just more than 15,500 copies, while his latest book released in June has sold just 6,000. When Kirk released his 2020 book with HarperCollins, it sold nearly 60,000 copies. Still, others did worse: Rep. Marjorie Taylor Greene’s Winning Team-published book sold just under 4,000 copies in major retailers, per BookScan.

The publisher has brought in some real revenue selling high-priced Trump books as, essentially, collectors’ items. BookScan said it sold nearly 47,000 copies at $99 each, and 42,000 copies of Trump’s Our Journey Together at $74.99 per book. That’s a lot of money for a self-publisher, though it is nowhere close to the sales numbers of other recent presidential memoirs; Barack Obama’s post-White House memoir sold several million copies, while Michelle Obama’s book did even better.

Steve Bannon’s War Room Books imprint hasn’t fared much better. Conservative internet personality and conspiracy theorist Jack Posobiec — though currently a New York Times bestseller — has sold 23,000 copies of his book Unhumans: The Secret History of Communist Revolutions (and How to Crush Them) since it was released last month. But other books, like a biography of Trump attorney Roy Cohn, have sold just a few hundred copies in major online and physical retailers, according to BookScan.

The numbers stand in stark contrast to sales by the major imprints, which have been much higher over the same period.

Mark Levin’s book, published by Simon & Schuster’s Threshold Editions late last year, has sold more than 310,000 copies. Philip C. McGraw, better known as Dr. Phil, has sold 100,000 copies of his anti-cancel culture book this year, while Kellyanne Conway’s book is nearing 80,000 copies sold. Fox News personalities Harris Faulkner and Shannon Bream published books over the last two years that cleared 369,000 and 325,000 copies, respectively, as did Pete Hegseth, who has sold more than 300,000 copies of his last two books (all three published with HarperCollins’ imprint Broadside).

Other conservative upstarts have found that the nonfiction book publishing business is thorny and can occasionally be complicated by real-life events.

All Seasons Press, started by former executives from Simon & Schuster and Hachette, has been embroiled in a series of lawsuits with some of its own authors, including former Trump chief of staff Mark Meadows. The publisher has spent the last year trying to claw back its $350,000 book advance, saying that Meadows violated his contract with the publisher by telling U.S. special prosecutor Jack Smith that he never believed Trump’s election fraud claims, a contradiction of what he wrote in his 2021 book. The publisher was recently acquired by Skyhorse, another independent publisher that over the last several months has hoovered up conservative publishers, including Regnery.

PostEmail
Global Journalism

Inside the biggest stories transforming the Arabian Peninsula and the world. Introducing Semafor Gulf — your go-to source for understanding the rising influence of Saudi Arabia, the UAE, and Qatar. Three times a week, the Semafor Gulf newsroom will bring you original reporting that examines how the region’s financial, business, and geopolitical decisions shape the world — from culture and investment to infrastructure, climate, and technology. Navigate the region’s capital, influence, and power with Semafor Gulf — subscribe for free here.

PostEmail
One Good Text

Bret Baier is a Fox News Channel anchor and Executive Editor of Special Report.

PostEmail
Intel

Publishing

Speaking tour: Nancy Pelosi could not have timed the release of her new book better. The former House Speaker has been on a media tour this week promoting her new book The Art of Power amid intense media interest in the former speaker, who helped play a role in pressuring Joe Biden to step aside and advocating for Vice President Kamala Harris to select Minnesota Gov. Tim Walz as her running mate.

It hasn’t gone unnoticed by Pelosi’s allies, who have privately congratulated her on helping put together a Democratic ticket that seems poised to compete with Trump in November. During one of her media stops earlier this week in New York, a Semafor tipster could overhear Pelosi on the phone with a close confidante who congratulated the former speaker, telling her: “This is your ticket. You created this.”

⁛ News

Photo finish: Will we ever see the photos taken of Joe Biden and his family as he mulled over whether to drop out of the race? In late June, The New York Times reported that much of the Biden family had gathered in Rehoboth Beach, Delaware to be photographed by Annie Leibovitz. It was remarkable timing for the iconic American portrait photographer, who is responsible for some of the most memorable images of American presidents. It turns out the photos may not be seen for a while. According to one person familiar with the photoshoot, it was not for a Conde Nast publication (where she publishes the majority of her news-focused portraiture) but rather a personal project for the family.

Voguing: JFK’s viral grandson Jack Schlossberg, newly a campaign correspondent for Vogue, is proving that even in the era of fragmentation, members of the news media can still be celebrities on the campaign trail.

⁌ TV

British Invasion: The BBC is bringing on Ben Goldberger as GM and GM & Executive Director of Editorial Content at BBC Studios to head up the company’s editorial strategy outside the United States. Goldberger, who joins the organization in September, is currently an executive with Time. It’s the latest move for the British news organization which has increasingly looked to grow its US news presence. Last year, the company expanded its Washington, D.C. primetime evening programming, launched a daily podcast aimed at North American audiences, debuted its first ever brand campaign outside the UK, and relaunched its North America website.

“I’m delighted Ben is joining BBC Studios. He is a rare, brilliant talent, combining editorial excellence with commercial experience. He has a track record of digital innovation and will be a huge asset to the business,” Deborah Turness, CEO of BBC News and Current Affairs, said in a statement first shared with Semafor. “I look forward to partnering with him to grow our international news offer - particularly in the US market. This is a hugely consequential time in the US with the countdown to November’s election, and the BBC is the most trusted brand that rises above America’s polarised politics to deliver facts, not opinion.”

Dept. of Reputational Harm: Ben and Semafor’s Shelby Talcott got the scoop, back before we launched, about an federal investigation into allegations that the voting machine company Smartmatic corrupty obtained a contract in the Philippines. Now two executives at the company have been indicted — a move greeted with relief at Fox Corp,, which faces a defamation lawsuit similar to the one that it paid $787 million to Dominion Voting Systems to settle in 2023. Smartmatic lawyer Erik Connolly told Semafor, however that while the company takes the charges “seriously,” they “should not impact” the case: “The recent development does not change the fact that these defendants lied about the 2020 election, the lie injured Smartmatic, and they need to answer for the consequences of their actions.”

It’s on: Trump reversed course this week, agreeing to an ABC News-hosted debate with Harris after backing out late Saturday evening. But as we wrote last week, while ABC has the only confirmed debate, NBC News is in discussions with both campaigns about a potential additional contest.

Olympic jump: This year’s summer Olympic broadcasts have been a major bounceback for NBC from a disappointing 2021 Tokyo broadcast. NBC averaged 32.2 million viewers across its TV and streaming platforms, a 76% increase from 2021, and accounted for 8 of the top 10 most streamed days on Peacock.

☊ Audio

Sports talk: Vox Media is continuing to build out its high-level sports podcast business. We reported earlier this week that Pittsburgh Steelers defensive tackle Cam Heyward was bringing his podcast to Vox Media (it was previously distributed by ESPN), the second sports podcast it has signed in three months following the relaunch of Megan Rapinoe and Sue Bird’s show. While ESPN remains by far the biggest game in town, some more outspoken athletes have found that dealing with a media partner who doesn’t have broadcast rights can be an appealing offer for more editorial freedom.

Setting things straight: After a union walkout this week, Crooked Media and its employee union settled their labor dispute, releasing a joint statement saying they were “ready to channel the immense talent, passion, and creativity into calling JD Vance a creepy weirdo.”

✰ Hollywood

Othello in the Desert: Our colleague Liz Hoffman reported recently on Daniel Craig and Bond producer Barbara Broccoli’s quest to find money — and perhaps a location — in Qatar to finance a passion product of Craig’s, a version of Othello set in an American barracks in Iraq. Now the project seems to have some momentum: A Bond fan tipped us off to a British filing by Broccoli’s Eon Productions, registering a new Othello Film Company Limited. Craig and Broccoli, along with director Sam Gold, are — a person familiar with conversations told us —are hoping to bring the 2016 limited run of the show, which got rave reviews, to the screen. The filings are silent on another question: Whether the Qataris could use the talks to get Broccoli to set part of a bond film in Doha.

Novel idea: Bad earnings reports from Warner Brothers Discovery and Paramount last week were a reminder that the cable news business continues to be a bad one. At Business Insider, Peter Kafka makes the case for why Apple should use WBD’s cable woes as an opportunity to buy the company at a discounted price, potentially spinning off the declining assets and keeping the studio and streaming service.

⁜ Tech

Prorated: The Atlantic, Time magazine, the Financial Times, and other publishers have struck deals with the AI company ProRata, which is launching its own chatbot/search engine that will identify content generated by AI.

✦ Marketing

Right on target: DotDash Meredith is touting its cookieless ad targeting tool, saying it was responsible for its second straight quarter of double digit ad revenue growth.

PostEmail
Plug

What do the social media teams at Netflix, Apple, and Disney have in common? They read Geekout – the newsletter that delivers thoughtful analysis on the current state of social media. Penned by Matt Navarra and trusted by 33,000 marketers, it’s insightful, engaging, and keeps you “in the know” before things go viral. Get Geekout in your inbox every Friday – subscribe for free.

PostEmail
Hot on Semafor
PostEmail