Sara Fischer
Meta won't recommend political content on Threads
Meta will not "proactively recommend political content from accounts you don't follow" on Threads. The policies, which are the same it
News companies reverse course on hard subscriptions
News companies are reversing course on hard subscriptions—once seen as a safer alternative to the volatile ad market—in favor of flexible paywalls, membership programs and more ads. A strategy focused mainly on subscriptions requires upfront spending on premium content. That takes time to pay off—and many publishers don't have the cushion for that in the current ad slowdown. At the same time, many outlets have learned that simply throwing a paywall up over your previously free content doesn't work either. It throttles ad revenue without capturing enough new subscribers.
The news business faces a reckoning in 2024
A new report saying billionaire Patrick Soon-Shiong has sunk hundreds of millions of his own money into an unprofitable Los Angeles Times underscores how desperate the news industry is to chart a plan for survival in the digital era. If billionaire owners can't make the L.A. Times or the Washington Post profitable, then the news industry has to ask itself: What can?
One-third of US newspapers as of 2005 will be gone by 2024
The decline of local newspapers accelerated so rapidly in 2023 that analysts now believe the U.S. will have lost one-third of the newspapers it had as of 2005 by the end of next year — rather than in 2025, as originally predicted. Most communities that lose a local newspaper do not get a replacement, even online. Over the past two years, newspapers continued to vanish at an average rate of more than two per week, leaving 204 U.S. counties, or 6.4%, without any local news outlet.
Streamers launch first official trade group
The world's biggest streaming companies are coming together to launch the industry's first coalition, the Streaming Innovation Alliance (SIA). The streaming industry has faced few regulatory threats over the past decade, but that's changing as more television consumption moves to digital. The new group is led by two former policymakers acting as senior advisers: former Representative Fred Upton (R-MI) and former Democratic Federal Communications Commission Acting Chair Mignon Clyburn [a member of the Benton Institute for Broadband & Society Board of Directors].
Newsrooms grapple with rules for AI
Leading media organizations are issuing guidance on leveraging artificial intelligence in the newsroom at the same time they're making licensing deals to let AI firms use their content to train AI models.
Media heavyweights form new research group to support free press
A group of prominent media, tech and research executives have raised nearly $3 million to launch an independent policy research center focused on addressing global internet issues, such as disinformation, algorithmic accountability, and the economic health of the news industry. While the Center for News, Technology & Innovation (CNTI) is not designed to lobby or advocate on behalf of specific policy proposals, it does hope to influence future internet policy toward maintaining an open internet and an independent press.