Kevin Spacey Popped The "House Of Cards"-Bubble In Baltimore, Wiping Out Over 2000 Jobs

Last Tuesday, Media Right Capital and distributor Netflix announced the suspension of the American thriller, House of Cards, days after Anthony Rapp alleged Kevin Spacey, the executive producer and star had made ‘sexual advances’ towards him in the 1980’s, when he was 14-years old.

Then last Thursday, Netflix cut ties with Spacey, a day after CNN published an article circulating new allegations of sexual misconduct from several current and former members of “House of Cards”.

Since then, a long impressive list of actors, bartenders, a military advisor, and mostly men, 13 in total, are accusing Spacey of sexual misconduct from the 1980’s to present day.

Unbeknownst to many, House of Cards was predominantly filmed in Baltimore, Maryland for all five seasons making it Maryland’s largest film production. In season 4 alone, almost 2,700 cast, crew, and other support teams were hired from the Greater Baltimore region, and the production alone used local services from more than 2,000 Maryland vendors.  Maryland as a whole proudly flaunts itself as the home of the production, which earned more than $128 million in 2015 from season 4’s production.

According to The Baltimore Sun, more than a half billion dollars flowed into the local economy through many businesses during the production of ‘House of Cards’…

Caterers and fast-food restaurants, carpet and furniture outlets, music and antique stores, warehouses, auto parts dealers and paint suppliers - all are included among the show’s hundreds of Maryland vendors during more than five years of filming, often in and around Baltimore, at locations including the Peabody Institute of the Johns Hopkins University, the Baltimore Museum of Art and The Baltimore Sun.

With the firing of Spacey and the entire production in limbo. There is major doubt the production will continue and could create a headache for Baltimore’s local economy.

Already, local vendors are “already feeling the loss of a deep-pocketed customer and the cachet of being associated with a hit series”, as the suspension of the production inches towards its first full-week.

Meanwhile, the crew is still getting paid says The Baltimore Sun, but many are casting doubts the production will continue.

The 4-5 year economic boom in Baltimore from a big-budget production has likely popped. The economic ripple through the community and many small businesses could be devastating, especially for the state, who has welcomed the the production with enamors tax credits over the years.

Jena Richardson,28, a crew member on House of Cards, said “if the show leaves, that means that a lot of my friends who have become my set family will have to leave to find work as well. So if we can keep the work here, then everybody can stay here and provide for themselves and their families throughout the holidays.”

Another crew member, Roger Voter,27, a tech assistant, said the loss of  the show would be a “huge detriment. Having Baltimore locals being trained in these jobs under the masters of LA is great for their careers”, but as we point out Kevin Spacey has popped the filming bubble in Baltimore and it could mean newly created film techs will have to revert back to the bartending life or even return to their parent’s basements.

Bottomline: with the House of Cards bubble popped, Under Armour meltdown, and a homicide rate doubled Chicago’s. Baltimore’s outlook heading into 2018 is bleak.

Rebellion At The NYTimes: Newsroom To Walk Out After "Decrying Direction Of Paper"

Exhausted and demoralized after repeated buyouts and cutbacks in the newsroom, it seems the downtrodden journalists at the New York Times have finally had enough: In a pair of letters delivered to executive editor Dean Baquet and managing editor Joseph Kahn, the News Guild of New York said the New York Times editorial staff will leave the newsroom on Thursday as a demonstration of solidarity as management threatens jobs, according to MarketWatch.

Unlike the employee rebellion at the Wall Street Journal last year, when staffers confronted management about unequal pay practices and a paucity of female reporters and editors in leadership roles, the uproar at the times is centered around the repeated paycuts and cutbacks, which have left the newsroom feeling “demoralized.” One letter was sent by the organization"s copy editors, who are facing dramatic staffing cuts, while the second letter was sent by reporters in an expression of solidarity with the editing staff. Both detailed frustrations with the repeated rounds of buyouts, and the lack of transparency surrounding management’s decisionmaking.

“In the copy editors’ letter to Baquet and Kahn, they say they feel betrayed and disrespected in the newsroom, and ask that management reconsider staffing cuts that are expected as the paper plans to restructure.

“Cutting us down to 50 to 55 editors from more than 100, and expecting the same level of quality in the report, is dumbfoundingly unrealistic,” the letter reads. “You often speak about the importance of engaging readers, of valuing, investing and giving a voice to readers. Dean and Joe: We are your readers, and you have turned your backs on us.”

“Editors — and yes, that especially means copy editors — save reporters and the Times every day from countless errors, large and small,” they say in the letter. “Requiring them to dance for their supper sends a clear message to them, and to us, that the respect we have shown the Times will not be reciprocated.”

The editorial staff is accusing Times management of being too opaque in its efforts to restructure the news operation, which includes consolidating two separate groups of editors into one group and asking copy editors to resubmit applications for roles in the newsroom.

Indeed, morale is so low at the NYT that its reporters and editors said they actually feel more respected by readers than by management. The letters referenced an internal report in which the copy editors were compared to dogs urinating on fire hydrants.

That’s quite the claim  - considering President Donald Trump’s relentless bashing of the “failing” news organization has turned public sentiment squarely against it.

“And that is why it feels like such a profound waste that morale is low throughout the newsroom, and that many of us, from editors to reporters to photo editors to support staff, are angry, embittered and scared of losing our jobs,” the letter reads.

The rebellion comes at a time when advertising revenues for print – formerly a powerhouse of the media industry that has been precipitously eroded by the rise of free news on the internet – continue to shrink, and gains in digital advertising are failing to make up the difference.

In the first quarter, print ads declined by 18% while digital ad revenue increased by nearly 19% and accounted for more than 38% of the company’s total ad revenue. Still, the paper’s stock remains buoyant; shares have risen more than 35% year-to-date, compared with a 9% gain in the S&P 500.