While NCAA upsets may have busted your bracket, it’s good news for some. Time reports, “By becoming the first No. 16 seed to beat a No. 1, the Retrievers made about $1.7 million for the America East Conference. Loyola-Chicago’s buzzer-beating run to the Sweet 16 will be worth double that to the Missouri Valley Conference. Nevada’s consecutive comebacks were also worth about $3.4 million for the Mountain West. The MVC and Mountain West will pocket at least as much from NCAA Tournament units as the Pac-12, which had three teams in the field, all bounced after one game each.
“Units are what the NCAA calls its revenue distributions from the basketball performance fund, which rewards teams for tournament performance. The NCAA Tournament generates more than $700 million in revenue for the association and its schools, the vast majority from its media rights deal with CBS and Turner.”
IN THE MEDIA
Technology skills are not just something that are reported on – they’re also increasingly necessary within the newsroom. Columbia Journalism Review reports, “A new study from the Tow Center for Digital Journalism examines the career trajectories of New York City journalists to better understand how technical skills have developed in newsrooms since 2010. To do so, we collected the employment histories for 6,116 newsroom staffers and freelancers for newspaper, broadcast, and digital-first companies in the New York City metropolitan area. The 24,598 jobs worked by those individuals were manually aggregated from LinkedIn and verified using other sources, then coded for analysis.
“We find that data, analytic, and platform-based (DAP) jobs have grown substantially in newspaper and online media companies, now accounting for an estimated 9 percent of all jobs in those companies, while the share of traditional, non-DAP jobs decreased 8 percent in online media (9 percent in newspapers and 5 percent in broadcast). These skills have quickly become critical to the day-to-day functioning of newsrooms.”
IN THE ADMINISTRATION
Reuters reports, “U.S. President Donald Trump said on Friday that a comprehensive trade deal with South Korea was close to being done, and his Commerce Department chief said a deal could be formally announced next week.” Cleveland.com adds, “President Donald Trump will visit Richfield, Ohio on Thursday, March 29 to discuss his infrastructure initiatives, White House officials said Friday.”
ON THE HILL
The House and Senate are both out this week and next.