Mediagazer: Magellan AI: US podcast advertising rose 22% YoY in Q2 with the top 500 podcasts averaging $252K/month each; episode ad loads rose 5.95% YoY to 9.11% (Radio Ink)

9:40 AM ET, July 31, 2024

Top News:

NABJ faces backlash after announcing Trump will be interviewed at its convention by ABC News' Rachel Scott, Fox News' Harris Faulkner, and Semafor's Kadia Goba — - President Biden addressed a joint NABJ and NAHJ conference virtually in 2020. — Hillary Clinton spoke at a joint conference between …

Discussion: NABJ, @karenattiah, NPR, The Guardian, The TRiiBE, The Wrap, @jimtrotter_nfl, @karenattiah, @symonedsanders, ABC7, @ashnicolemoss, CBS News, Donald J. Trump …, @thewayoftheid, @corbinbolies, @hangleyjr, @andrewfeinberg, @djnyc1, @djnyc1, @oliverdarcy@threads.net, @broadcastbev, @onpointpress_, New York Post, @debholleync@threads.net, @rachelbitecofer, @curiousscout, @toure, @bgrueskin, Politico, @jalexander1079, @reichellaw, @rolandsmartin, @rolandsmartin, @naima, @naima, @sarafischer, CNN, @IveyJanette@mastodon.social, Page Six, @johnmcquaid@threads.net, Mediaite, Reuters, Mediaite, WTTW News, @kimberlyeatkins@threads.net, USA Today, @elmcitytree.bsky.social, The Daily Beast, @annatarkov.bsky.social, @heathercherone.bsky.social, @adr1600@threads.net, @keithboykin@threads.net, @heatherrosemarie_92 …, @crgibs.bsky.social, @joshuajfriedman.com, The Hill, New York Daily News, Deadline and The Hollywood Reporter

Yasemin Craggs Mersinoglu / Financial Times:

Ofcom: in 2023, 48% of UK 16- to 24-year-olds watched broadcast TV in an average week, a record low and down from 76% in 2018, as TikTok and YouTube dominate — Less than half of 16- to 24-year-olds are tuning in every week, Ofcom finds — Less than half of young audiences …

Discussion: Advanced Television, The Guardian and Press Gazette

Carly Thomas / The Hollywood Reporter:

A TikTok account leaks 12+ videos of HBO's House of the Dragon finale, filming the screen with another device; the season one finale also leaked in October 2022 — Several clips from the finale were uploaded on TikTok ahead of its debut on Aug. 4. — It happened again …

Discussion: Forbes, TVLine, Variety, ComingSoon.net, Dexerto, Comic Book, Metro.co.uk and The Wrap

Brian Steinberg / Variety:

Internal memo: Norah O'Donnell plans to step down as CBS Evening News' anchor after the 2024 US presidential election and become a senior correspondent — Norah O'Donnell will cede the reins of the venerable “CBS Evening News” after the 2024 presidential election in favor of a new role …

Radio Ink:

Magellan AI: US podcast advertising rose 22% YoY in Q2 with the top 500 podcasts averaging $252K/month each; episode ad loads rose 5.95% YoY to 9.11% — After an unsure 2023, podcasting is seeing an advertising boom, according to Magellan AI's latest analysis of podcast advertising trends.

Discussion: Podnews, Inside Radio and RADIO ONLINE

Matt Stevens / New York Times:

Court filings: in Fiona Harvey's defamation lawsuit, Richard Gadd, who created Netflix's Baby Reindeer, says the show is “emotionally true” but “fictionalized” — Richard Gadd, the show's creator, said in a court filing that Fiona Harvey, who is suing Netflix for defamation …

Discussion: GoldDerby, TV Insider, Entertainment Tonight, Business Insider, The Hollywood Reporter, PinkNews, ComingSoon.net, TVLine, Rolling Stone, Los Angeles Times, Dexerto, The Guardian, Deadline and Variety

Calum Jaspan / Sydney Morning Herald:

Australia's Nine publishing staff return to work after a five day strike and accept an improved pay offer of 11.5% over three years, an AI code, and more — Nine's publishing staff have accepted an improved pay offer from management, just hours after returning to work following the first strike across the newspapers since 2017.

Discussion: The Guardian

Noam Scheiber / New York Times:

Interviews with Hollywood sound and picture editors, artists, and others detail their fears of AI replacing much of their work, despite a new IATSE contract — Actors and writers won strict limits on artificial intelligence in last year's contract negotiations, but editors and artists face a growing challenge.

Discussion: @noamscheiber and @ichbinilya, more at Techmeme »

Ananya Bhattacharya / Rest of World:

A profile of Bengaluru-based Pocket FM, which has 2,000+ audio shows with 10- to 15-minute episodes and is working with ElevenLabs to convert scripts into audio — Pocket FM is teaming up with U.S. text-to-speech app ElevenLabs to produce more shows for less time and money. — • MUMBAI, INDIA

Discussion: The Information, more at Techmeme »

K.J. Yossman / Variety:

Former BBC News presenter Huw Edwards pled guilty to three charges of making indecent images of children in a court hearing; Edwards spent 40 years at the BBC — Huw Edwards has pled guilty during his first appearance in a U.K. criminal court on three charges of making indecent images of children.

Discussion: Press Gazette, Reuters, The Mirror, BBC, Fox News, TVNewsCheck, The Guardian, The Hollywood Reporter, Deadline, PinkNews, Financial Times, The Daily Beast, Newser, New York Times and New York Post

Charlotte Tobitt / Press Gazette:

Reach reports overall H1 revenue down 5.2% YoY to £265M, print revenue of £204M, digital revenue of £60M, and adjusted operating profit up 23.1% YoY to £44.5M — On digital programmatic ad revenue it is “too early to call this a recovery, but the early indicators are positive”.

Discussion: The Guardian

Bron Maher / Press Gazette:

The Guardian Political Media Editor Jim Waterson and several other journalists plan to leave the Guardian after accepting voluntary redundancy packages — Guardian had been targeting cost savings of 4-5% this year. — The Guardian is to lose several prominent editorial staffers as it closes …

Discussion: @jackcarterbenjamin …, @alexschristian and @mrianleslie

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More News:

ProPublica:
A look at Trump Media and Technology Group's potential conflict of interest involving a deal with a little-known streaming TV company tied to a big GOP donor

Discussion: @justinelliott, @justinelliott, @justinelliott, @justinelliott, @justinelliott, @justinelliott, @justinelliott, @justinelliott, @justinelliott, Trump Media & Technology Group and @annmlipton@esq.social

Alex Weprin / The Hollywood Reporter:
Netflix files to raise $1.8B in a new debt offering, its first since the company was elevated to investment-grade status by Moody's and S&P Global in 2023

Discussion: Variety, Yahoo Finance, Bloomberg and Deadline, more at Techmeme »

Wall Street Journal:
How Elon Musk and X's division of labor stymied some of Linda Yaccarino's plans, like a Visa deal; internal figures show X had 250.8M DAUs in Q2, up 1.56% YoY

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Kate Knibbs / Wired:
Alt-weeklies Village Voice, LA Weekly, and Riverfront Times are running seemingly AI-generated listicles about OnlyFans performers; OF says it's not involved

Discussion: Ali Shahriyari on LinkedIn

Brian Steinberg / Variety:
Comcast's NBCU expects to surpass $1.25B in ad sales tied to the Paris Olympics and Paralympics, setting a record in the history of the games

Discussion: Advanced Television, Front Office Sports, @bristei, MediaPost, The Wrap, Deadline, Adweek, Next TV and The Hollywood Reporter

Kate Bartlett / Nieman Lab:
A look at South African investigative nonprofit amaBhungane, which helped oust the country's ex-president in 2018, and its efforts in a hostile media landscape

Discussion: @humanityunited, @gijnafrica, @gijn, Semafor, UPI and @niemanlab@mastodon.social

Earlier Picks:

The Information:
Meta scraps its celebrity AI chatbot feature less than a year after launch and now expects people to use Meta's new AI Studio to customize their own AI avatars

Discussion: @kennysmith@mstdn.social, The Verge, Kaya Yurieff on LinkedIn, Engadget, TechCrunch and Bloomberg, more at Techmeme »

Rachel Cooke / The Guardian:
A profile of Joshi Herrmann and his outlet Mill Media, which publishes local longform journalism in four UK cities via newsletters with 100K subscribers overall

Discussion: The Mill, @michael@newsmast.social, @magstaylorish, @charliemoloney and @dhayes_news

Financial Times:
A look at Amazon Prime Video's appeal for advertisers, who say its ads are cheaper than Netflix's; Antenna says <10% of Prime subscribers paid for no ads in May

Discussion: Next TV and Ian Whittaker on LinkedIn

Bloomberg:
The K-pop industry is betting on an internationalized business model to expand its appeal; ~50% of the K-pop songs released in 2024 had majority English lyrics

Discussion: @soheefication, @cecianasta, @nicola_news, @lucas_shaw, Anthony Langone on LinkedIn and Sohee Kim on LinkedIn

Kylie Robison / The Verge:
Perplexity is launching a program to share ad revenue with partners such as Time, Der Spiegel, Fortune, and WordPress.com, after weeks of plagiarism accusations

From Techmeme:

Mark Gurman / Bloomberg:
Thoughts on Apple TV's history and future; sources: Apple postponed a larger-than-usual number of iOS 19 features to spring 2026, when iOS 19.4 is set to debut

Wall Street Journal:
Sources: in the past year, Cantor Fitzgerald agreed to invest as much as $600M in Tether for about a 5% stake; Cantor holds most of Tether's $134B in assets

New York Times:
Sources: Intel, the biggest recipient of money under the CHIPS Act, will see its funding drop to less than $8B from the $8.5B that was announced earlier in 2024

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