Subject: ?Axios AM: Mike's Top 10 — Print disruption now coming to TV — A seminal work for Steve Bannon — Key Trumpcare plot line — Inside Facebook Live
From: "Mike Allen" <[email-masked]>
To: <[email-masked]>
Date: Tue, 7 Mar 2017 06:56:09 -0500 (EST)

Presented by Walmart:

Print disruption now coming to TV — A seminal work for Steve Ban=on — Key Trumpcare plot line — Inside Facebook Live

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Presented By Walmart

Axios AM

By Mike Allen = ·Mar 07, 2017

1 big thing: We're watching more video, but not on TV

Lazaro Gamio / Axios

The disruption in print media is now coming to everythi=g you watch — including cable, local and network TV. Axios media t=ends reporter Sara Fischer unpacks a Consumer Technology Association study that's=one of the best windows into the upheaval we've seen:

has increased more than 30% over the past five y=ars to 16.8 hours per week But almost half of all video viewing is being d=ne on devices other than TV (smartphone, laptop, desktop, tablet, etc.).
That near 50/50 split represents a dramatic change =rom just four years ago, when consumers viewed TV video 62% of the time. D=sktop video viewership has declined by over 50% since 2012.

=/span>For the first time, more p=ople are using streaming services for content than paid TV.

Around 1/3 of consumers say that mobile-video viewing quality isn't great. Most publishers and =dvertisers are still creating horizontal video products with desktop and T= viewership in mind, instead of optimizing their content for vertical view=ng on smartphones.

"ESPN plans to trim its on-air talent roster" — L..A. Times' Stephen Battagl=o: "The Walt Disney Co. unit said there will be an unspecified reduction i= the 1,000 employees who currently perform on TV, radio and podcasts as th= sports broadcaster adapts to changing consumer habits. T=e size of the reduction, which is expected in June, has yet to be determin=d."

2. What Steve Bannon is reading

Steve Bannon (with Financial Times) disembarks Air Force One ahead of St=phen Miller on Sunday at Andrews / AP's Alex Brandon

Steve Bannon's thinking is seminal to every plan of thi= White House. And Axios' Jonathan Swan reports that a book seminal to Bannon's thinking is "The Revolt of the Elites and the Betrayal of De=ocracy," in which author Christopher Lasch argues that the "chief threat" =o American democracy and Western culture comes not from the masses but "fr=m those at the top of the social hierarchy."

Bannon=tells Swan that the book, published in 1995, is one of his favori=es explaining in explaining the global trend toward nationalism. Bannon sa=s the 2016 election is a testament to Lasch's predictive powers: "He 'call=d' the 'Party of Davos' a decade before it became a thing."

Why this matters: "Revolt of the Elites" gives you insight into=Bannon's disdain for experts, his hatred of both parties' establishments, =is skepticism towards multinationals, his commitment to information warfar= and the Breitbart comments section, his antipathy towards "globalists," a=d his particular distrust of the West Coast elite — Lasch says th=y feel more loyalty to Hong Kong and Singapore than to "Middle America."

3. Today is Day 47 ...

... almost to halftime of Trump's 100 days!

Yesterday, just after Trump's low-key release=of his effort to court-proof his executive order on immigration, House Rep=blicans unveiled their Obamacare replacement package:

Axios= David Nather reports in his speed read that the House's two main healt= care committees — Ways and Means, and Energy and Commerce �=94 start work on the bills tomorrow.

A key plot =strong>line, per Nather's "Vitals" newsletter ... How will the c=nservative Republicans react? They're the ones who threatened to vote agai=st anything less aggressive than the 2015 repeal bill, which this definite=y is. Freedom Caucus chairman Mark Meadows said on "Hannity" last night th=t "we're making progress," but other early signs aren't good: Rep. Jim Jor=an reportedly doesn't like it, a Republican Study Committee memo calls it = "Republican welfare entitlement," and Rep. Justin Amash tweeted that it w=s "Obamacare 2.0."

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4. Deep dive

The New Yorker's Adam Davidson joined Rachel Maddow last night.

The New Yorker's Adam Davidson spent months digging int= what he calls "Donald Trump's Worst Deal: The President helped build a hot=l in Azerbaijan that appears to be a corrupt operation engineered by oliga=chs tied to Iran's Revolutionary Guard":

between the Trump Organiza=ion and the Mammadovs has legal significance. If parties involved in the T=ump Tower Baku project participated in any illegal financial conduct, and =f the Trump Organization exerted a degree of control over the project, the=company could be vulnerable to criminal prosecution."

5. Tops in media trends

Red = media, purple = celebrities, green = brands.

Facebook Live's popularity wanes slightly, according to=a Wall Street Journal front-pager, "Faceb=ok Wasn't Ready for Video's Dark Side: After rushed rollout, company w=estles with how to censor violence," by tech reporter Deepa Seetharaman:

"[P]eople have used Facebook Live to broadcast a= least 50 acts of violence, including murder, suicides and the beating in =anuary of a mentally disabled teenager in Chicago."

"Zucke=berg, eyeing Snap Inc.'s Snapchat and Twitter Inc.'s Periscope, .=. budgeted more than $100 million to pay media organizations and celebriti=s to post live videos ... Nearly a year later, many publishers say Faceboo= Live viewership is lackluster. Facebook is still tinkering with ways for =hem to earn money from their broadcasts."

"A person famili=r with the development of Facebook Live said the company 'didn't =rasp the gravity of the medium' during the planning process."

"Few technology leaders embody the industry's agility like Mr.=Zuckerberg, 32 years old, who has a 'high tolerance for ambiguity and a hi=h tolerance for risk.' ... Zuckerberg tries to preserve a startup mentalit= at Facebook even though it is now valued at nearly $400 billion."
"Posters with Facebook's longtime motto 'Move fast and br=ak things' dot the headquarters campus, even though the motto was changed =hree years ago. (The new motto stresses speed and stability.)" —= "Move Fast With Stable Infra."

6. Why taxing robots will be so hard

Rebecca Zisser / Axios

Bill Gates is among the big names in p=litics and industry who have proposed taxing robots to make up for revenue=that'll be lost as human workers are replaced by machines in industries li=e trucking and fast food. Axios' David McCabe finds complications:

The International Federation of Robotics, which represents manuf=cturers and trade groups, argues that industrial automation leads "to the =reation of new, safer, higher-skilled and higher-income jobs that increase=pension contributions."

The tax would be criticiz=d as an attempt to slow down innovation: Former Treasury Secretary Larry S=mmers has called it "protectionism against=progress."

The context: The broader debate over h=w to deal with the inequality created by automation is a source of global =nxiety.

7. Trending in business: Is Nevada our Greece?

Axios' Chris Matthews writes from New York that Nevada still hasn't recovered from the financial crisis ... Finan=ial Times Alphaville's Matthew Klein points to =ome depressing data from the Silver State: "Adjusting for changes in p=pulation, Nevada's real output is a staggering 21 per cent below its 2006 =eak, and more than 10 per cent below its level from two decades ago �=94 a performance only comparable to Greece," Klein writes.

Key stat: Nevada's unemployment rate has fallen from close to =4% in 2010 to just above 5% today, but much of that has been the result of=workers leaving the labor force altogether.

Why it matters= Nevada is case in point of the Trump administration argument tha= the economy is not as healthy as headline data like the official unemploy=ent rate say.

8. Valerie Jarrett on working with the "enemy"

In the new installment of our "Smarter, Faster" video series, Valerie Jarrett talks about finding a "safe space" to work =ith Mark Holden of Koch Industries — criminal justice reform.
<=>She also told me about two new friends after her Secret =ervice detail vanished — Uber and Lyft.

9. Never mind

Axios AM yesterday linked to an article by Bloomberg 's Michael Riley sa=ing the Center for American Progress had been asked to pay a ransom by Rus=ian hackers. Bloomberg has added a statement from the progressive group: "=AP has no evidence we have been hacked, no knowledge of it and no reason t= believe it to be true. CAP has never been subject to ransom."

Neera Tanden, the group's president and CEO, tweeted: "This story is wrong as it=relates to CAP. We have not been hacked nor have we heard of any ransom re=uest." BuzzFeed's Rudy Cramer quoted Neera: "CAP has not paid a ransom. CAP =olks, like many, have received phishing attempts, but no evidence of a hac=."

Reading between the lines: Riley has some '=plaining to do. You may not know if you've been hacked. You DO know if you=have been asked to pay a ransom.

10. 1 fun thing

Axios reporter Shane Savitsky passes this along from hi= hometown news ... The Greater Scranton (Pa.) YMCA banned cable news in the gym =ecause it was starting too many fights: "[T]his is a safe haven, and peopl= want to come here and feel safe and feel part of a community, and when ar=uments are being, you know, taking place over politics and things like tha=, they don't feel safe."

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