Multiple companies turned a profit last year.Jan 21, 2020 - Economy & Business
Social media makes it easy for campaigns to buy ads targeted to different age groups.Dec 14, 2019 - Economy & Business
Broadcast networks were shut out of Golden Globe nominations.Dec 10, 2019 - Economy & Business
Charges against Benjamin Netanyahu highlight the trendNov 26, 2019 - Economy & Business
The topics we say we want covered more aren't the topics we actually read, according to an Axios analysis.Jun 11, 2019 - Economy & Business
Politics finds a home on Facebook, Twitter and Reddit.May 7, 2019 - Economy & Business
Facebook said Friday that political candidates, campaigns and groups can use paid branded content across its platforms, a clarification prompted by a move from Michael Bloomberg's campaign to pay top Instagram influencers to post memes on its behalf.
The big picture: Its policy didn't explicitly state that it was OK for candidates to use branded content posts, but after hearing from various campaigns about the issue, Facebook moved to clarify its stance.
McClatchy announced Thursday that it voluntarily filed for bankruptcy to allow the company to restructure its debt and pension obligations.
Why it matters: The bankruptcy ends family control of one of the largest newspaper publishers in the country. It will also hand the company to creditors, who "have expressed support for independent journalism," McClatchy DC writes.
Spotify disclosed in an SEC filing Wednesday that it is paying up to $196 million for The Ringer, a sports media company founded by former ESPN personality Bill Simmons.
Why it matters: It's a solid payout for The Ringer, which was created just four years ago. The Ringer's podcast revenues surpassed $15 million in 2018, and the company says it's profitable.
Skydance Media, a Hollywood film studio whose franchises include Mission Impossible and Terminator, raised $275 million in new equity funding at around a $2.3 billion valuation. RedBird Capital Partners led, and was joined by South Korea's CJ Entertainment and return backer Tencent.
Why it matters: This comes just days after CJ Entertainment's Parasite became the first foreign-language film to win the Academy Award for best picture, and could help Skydance access a deep library of IP that hasn't yet been introduced to U.S. audiences.
The week of President Trump's impeachment acquittal was Fox News' fifth most-watched week and its highest since the weeks surrounding the 2016 election and the president's inauguration, AP reports.
Why it matters: Fox News averaged 4.27 million viewers in prime time last week. The basic cable network was bested only by major networks ABC, which televised the Academy Awards, and CBS.
There were over 646,000 shows available in the U.S. across linear and streaming services last year, according to Nielsen's latest Total Audience report, a 10% increase from all of 2018.
Why it matters: As more streaming platforms emerge to compete for consumers' attention and budgets, the burden is falling on consumers to navigate an overwhelming number of content choices.
Almost all major media companies are teaming up with sportsbooks to juice their content offerings.
Why it matters: The partnerships allow media organizations to increase engagement while sportsbooks can acquire more customers.
Luminary is expanding its service to three new countries, New Zealand, South Africa, and Ireland, sources tell Axios.
Why it matters: Its subscription podcast offering is bolstered by offering dozens of podcasts to users exclusively on its platform. Most Americans subscribe to multiple video services, but not multiple audio services, according to Nielsen. But that could soon change if more podcasts begin to be offered exclusively on certain platforms.
The Young Turks (TYT), one of the largest progressive digital publishers on YouTube, is receiving funding from Google-owned YouTube to launch an online course called TYT Academy that focuses on the creation of digital-first local news. Sources say the investment is in the mid-six-figures range.
Marketers that for years funneled billions of dollars into platforms using sketchy third-party data, cookies and reckless privacy practices are beginning to come to terms with a new reality.
Driving the news: Speaking at the Interactive Advertising Bureau (IAB) annual leadership meeting in Palm Springs this week, executives confessed that new privacy regulation and industry changes are forcing them to finally be on their best behavior, after years or reckless spending.