5:20 am - June 13, 2026
Former National World executives introduce Profenx, blending AI tools with creator-led content Company develops a platform to enhance digital content economics and expand through licensing and acquisitions Backed by Jaipur Capital, Profenx aims to reshape publishing with innovative models across global markets A group of former National World executives has…
Bloomberg journalism now accessible directly within CisionOne platform for corporate users Aims to streamline news monitoring and response strategies for communications teams Reflects a trend towards seamless integration of media content and analytics for enterprise agility Bloomberg Media has partnered with Cision to make Bloomberg’s journalism available within CisionOne, the…
Rainer Esser asserts AI will enhance journalism’s value by emphasising human connection Calls for news organisations to recognise their worth and partner confidently with tech giants Personal storytelling highlights irreplaceable human element in investigative journalism If you’re invited to speak at a conference, you really don’t want a slot at…
Simon Robinson, currently a Reuters executive, to lead ABC News in September First external hire for the role in decades amid leadership reshuffle Broadcaster seeks to rejuvenate its journalistic output amid ongoing transition Australia’s ABC has chosen Reuters executive Simon Robinson as its new director of news and current affairs, ending days of speculation after the broadcaster’s surprise leadership change. Robinson, currently deputy to Reuters’ editor-in-chief, will take up the post in September. The ABC said he would become its next Director of News and Current Affairs, and described the appointment as the first external hire for the role in…
CNN sues Perplexity AI over copyright violations OpenAI publishes governance framework aligned with new regulations State versus federal fights intensify over AI regulation jurisdiction Three developments last week underscored how fragmented AI governance has become: CNN sued Perplexity AI over alleged copying of its journalism; OpenAI published a governance framework tied to emerging EU and California rules; and the legal battle over state AI regulation in the US continued to intensify. The disputes show AI policy evolving on multiple fronts at once. Copyright enforcement, safety disclosure requirements and constitutional fights over state regulation are advancing separately, forcing AI companies to…
The Vatican’s encyclical calls for AI regulation based on law, oversight and human judgement Pope warns against autonomous weapons, worker displacement and AI-driven conflict Emphasises the importance of moral language in global AI governance debates Pope Leo XIV has thrust the Vatican into the centre of the global debate over artificial intelligence, using his first encyclical to argue that the technology must be governed by law, oversight and human judgement rather than left to market forces or military competition. Entitled Magnifica humanitas — “Magnificent Humanity” — the document presents AI as one of the defining moral questions of the age.…
Goalhanger, launched by Gary Lineker, expands into backing early-stage media companies Moves include investments in Invisible Media and Backyard Cricket to diversify portfolio Company shifts focus from advertising to subscriptions and live events, reaching over 250,000 subscribers Gary Lineker’s media company is expanding beyond podcast production after helping launch Goalhanger Ventures, a new investment arm aimed at backing creator-led media businesses. The move marks a broader shift for Goalhanger as it seeks to build influence across the wider creator economy, not just podcasting. The company has grown rapidly on the back of hit shows such as The Rest is Politics…
Bezos defends the profitability of journalism as a measure of relevance Changes in Google search algorithms threaten traditional news revenue To succeed, news organisations must focus on delivering value and distinctive reporting Jeff Bezos sometimes makes agreeing with him very difficult. This was the case earlier this week when he said in an interview with CNBC that President Donald Trump was “more mature” in his second term than his first and that Amazon’s commission of the Melania documentary was in no way whatsoever an attempt at “buying influence”. It is profoundly depressing that one of the features of this…
The Economist tests agent-readable content to adapt for AI intermediaries New formats aim to balance discoverability with brand control Internal AI adoption speeds product development and fosters ‘vibe coding’ culture The Economist is redesigning parts of its digital operation for a future in which AI assistants, rather than search engines…
The CMA approves the $3.7 billion acquisition with a sale of Shutterstock’s editorial arm The move aims to prevent market dominance in UK news imagery The deal highlights industry pressures from AI and digital content shifts Britain’s competition regulator has cleared Getty Images’ $3.7 billion takeover of Shutterstock, but only…
Axios expands local reporting to 35 cities with plans for 100. AI tools like GPT assist in drafting and editing, reducing costs. The company balances automation with journalistic integrity amidst industry scepticism. Axios is betting that artificial intelligence can do something many publishers have struggled to achieve for years: make…
Byron Allen expresses continued interest in acquiring The Washington Post Set to control BuzzFeed and HuffPost through latest deal Envisions broader streaming strategy with BuzzFeed to rival established digital outlets Byron Allen has said he still wants to buy The Washington Post, even as he prepares to take control of…
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Examines the American focus on prestigious awards over reader needs Critiques the biased and inward-looking nature of the Pulitzers Argues that abolition could renew journalism’s relevance to the public The difference between American and British journalism is clear in what they choose to display in their newsrooms. Visit any…
Mediahuis and other major news organisations form SPUR to address AI content use Initiative aims to create standard licensing frameworks for AI and journalism Focus on transparency, traceability, and fair remuneration for news content Mediahuis, the acquisitive Belgian publisher with outlets across Europe, has become a founding member of SPUR,…
MIT Sloan Management Review to cease print publication in 2026 Transition to newsletters, videos, social media and podcasts A strategic response to changing management communication trends MIT’s decision to close MIT Sloan Management Review after 67 years marks the end of one of the most durable business school brand extensions…
Byron Allen’s family office to acquire a controlling stake in BuzzFeed for $120 million The deal includes a shift in leadership and a focus on AI and user-generated content BuzzFeed aims to reinvent itself amid declining revenues and a disrupted digital landscape BuzzFeed has struck a deal to hand control…
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Newsweek recovered from debt and declining readership through strategic alliances Key partnerships with Google Cloud and Statista drove significant growth in traffic and trust The revival exemplifies a shift towards collaborative models in legacy media success stories Newsweek’s turnaround under chief executive Dev Pragad has been driven less by internal restructuring than by a series of partnerships that helped rebuild the publisher’s audience, technology and commercial business. When Pragad took over, the company was carrying more than $25 million in debt and struggling with declining readership. Rather than rebuild every capability in-house, Newsweek focused on outside partnerships to supply technical…
The Washington Post begins rehiring staff after massive layoffs in February Some employees returned on a temporary basis to fill critical gaps The move raises questions about the paper’s strategic direction and workforce stability The Washington Post is attempting to stabilise its newsroom after February’s sweeping layoffs by quietly bringing back some of the journalists it had just let go, a sign of how quickly the impact of the cuts became apparent. According to reporting by the Columbia Journalism Review, editors began contacting dismissed reporters in March, asking some to return on what the union calls a “delayed layoff” basis.…
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A small decline in circulation is balanced by strong growth in its Espresso app. The latest circulation results from The Economist reveal a decline in both digital and print subscriptions. The publication reported a global digital circulation of 970,074, which marks a 2% decrease, alongside a print circulation that fell by 10% to 442,957. A spokesperson for The Economist said that the decline in subscriptions is partially attributed to the way the Audit Bureau of Circulations (ABC) accounts for bundle subscriptions. Specifically, the ABC counts these bundles as two subscriptions, so when bundles are cancelled, the overall decline in recorded…
As digital publishers cling to traffic numbers, the need for quality engagement metrics becomes increasingly vital for success and sustainability. I’ve dubbed this piece “the traffic jam,” and I can assure you it has nothing to do with the 405 in Los Angeles, the M25 in London or the Boulevard Périphérique in Paris at rush hour. Rather, it’s about how so many digital publishers still cling to the idea that sheer volume of clicks, views and page impressions is the be-all and end-all of success. For far too long at HBM Advisory, we have watched publishers treat traffic like…
Elon Musk is making expansive claims for the latest version of his AI model. This week xAI, the artificial intelligence startup founded by Elon Musk, revealed the latest iteration of its language model, Grok, branding it as the “smartest” and “maximally truth-seeking” AI available. The announcement was made during a livestreamed demonstration on X, Musk’s social media platform. Musk claimed that Grok-3, which has been trained with ten times more computing power than its predecessor, surpasses competing models, including OpenAI’s GPT-4o and DeepSeek’s V3, in key performance metrics such as mathematics, expert reasoning and coding abilities. A significant feature of…
The funding will support the development of AI tools at the University of Maryland and Arizona State University. The Scripps Howard Foundation has allocated $2 million in funding to the Howard Centers for Investigative Journalism at the University of Maryland and Arizona State University, aiming to enhance journalistic practices through AI tools. Over three years, this investment is intended to develop and pilot various AI applications which will bolster local news reporting. The foundation originally established the Howard Centers in 2018 in honour of Roy W. Howard, the former chairman of the Scripps-Howard newspaper chain. The centres focus on nurturing…
At the On Air Fest in Brooklyn, podcast executives discuss innovative subscription strategies to diversify income amid changing market dynamics. Podcast executives described how they are exploring a range of subscription models to increase recurring revenue at the On Air Fest podcast event, held this week in Brooklyn, New York. These efforts are seen as both complementary and sometimes as alternatives to traditional advertising models, as the industry focuses on diversifying income streams amid evolving market conditions. A prominent example of this trend can be seen with The New York Times, which has taken steps to monetise its audio content.…
Ruadhán Mac Cormaic reflects on two decades of change in journalism at the University of Galway’s annual lecture. Irish Times editor Ruadhán Mac Cormaic delivered the annual John Cunningham Memorial Lecture at the University of Galway last week, highlighting the seismic shifts in journalism over the last two decades. The event pays tribute to the late John Cunningham, who served as the editor of the Connacht Tribune and was a long-time journalism lecturer. In his address, Mac Cormaic, who started his career as a journalist in 2007 — the same year the iPhone was launched — elaborated on the evolving…
Despite $13 billion in revenue in 2024, Steve Swartz signals a challenging journey ahead due to shifts in the media landscape. Hearst Corp achieved record revenue and profits in 2024, but its CEO, Steve Swartz, has warned of a challenging landscape ahead for 2025. In his annual letter to Hearst employees, Swartz revealed that the company reached $13 billion in revenue last year. The primary contributors to this financial success were the credit rating agency Fitch and the company’s local television stations, which both saw improved performance. Swartz said that these two divisions helped to offset the difficulties faced by…
The NZ Herald is restructuring its newsroom to enhance audience engagement and reducing its workforce by about 30 roles. The NZ Herald has announced significant operational changes aimed at reshaping its newsroom, including a greater emphasis on video content and a reduction in staff, effective by mid-March. The editor-in-chief, Murray Kirkness, expressed support for the proposed video initiatives, which include the launch of a new daily video stream dubbed Herald Now. He noted that embracing video could create new audience engagement and revenue opportunities for the publication. “It would be folly to ignore it,” Kirkness said. As part of the…
Despite economic challenges in Sweden, the broadsheet has achieved a significant increase in profits. Dagens Nyheter (DN) has reported a robust financial performance for the year, achieving a profit of 245 million kronor ($20.5 million), up from 220 million kronor in 2023, despite a challenging economic environment in Sweden. This result highlighted DN’s resilience and the ongoing reader demand for quality journalism, according to Bonnier News CEO Anders Eriksson. The media industry in Sweden has faced difficulties stemming from a weak economy and fundamental shifts in the advertising market. Schibsted, a media group that owns major newspapers such as Aftonbladet…
Amazon Prime Video’s new blockbuster is a high-stakes reality competition that is redefining video and TV. Amazon Prime Video’s new reality competition series, Beast Games, hosted by popular YouTuber MrBeast, is attracting significant attention, despite a range of criticisms regarding its production quality. The series, which debuted recently, features 1,000 contestants, all competing for a whopping $5 million cash prize — a sum that MrBeast, whose real name is Jimmy Donaldson, frequently highlights as the largest in entertainment history. Set against extravagant backdrops including a bespoke city and a private island, the series draws inspiration from the Netflix dystopian hit,…
