Additionally, the briefing covers other media industry updates, including Hearst CEO Steve Swartz's prediction of a challenging 2025 due to reduced political ad spending and cord-cutting impacts. The New York Times has approved the use of some internal AI tools for its staff, while The Guardian has signed a content licensing deal with OpenAI. Meanwhile, several legacy publishers have filed a lawsuit against AI startup Cohere for copyright infringement, accusing the company of using copyrighted works to train its language model.
Key takeaways:
- Podcasters are exploring various subscription models to boost recurring revenue, with The New York Times testing access rules for its shows to balance free and paid content.
- Recho Omondi's fashion podcast "The Cutting Room Floor" saw growth in Patreon subscribers and social media followers after introducing video podcasts.
- Balancing subscription and advertising revenue remains a challenge, with some podcasts moving premium content in front of the paywall for popular episodes.
- The Guardian signed a content licensing deal with OpenAI, while also participating in a lawsuit against AI company Cohere for copyright infringement.