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Medium announced a new $5 monthly "membership" model on Wednesday aimed at serving its core audience of influencers with high-level crowdsourced content and eventually, paid journalism. The key word here is "crowdsourced," meaning that consumers aren't paying for journalism exclusively; they're paying $5 a month for some journalism alongside insights/text from a large selection of influencers. That's half of what music lovers pay monthly on Spotify for crowdsourced playlists.

The move comes after a major restructuring in January, which included 50 layoffs. In a blog post at that time, Medium said it needed a "new model" for its business because it had only made "incremental improvements on the ad-driven publishing model, not the transformative model we were aiming for."

Why it matters: That ad-driven model is something most publishers are grappling with, because it inevitably rewards scale over loyalty, which is hard to monetize unless you are Google or Facebook. Should Medium's new approach work, it would be one the first to monetize crowdsourced news and insights, but only time will tell if consumers will find enough value in crowdsourced posts and if publishers will find enough value in a paywalled audience.

Go deeper

Miriam Kramer, author of Space
2 hours ago - Science

China makes history with successful Mars landing

A model of the Tianwen-1 Mars rover is displayed during an exhibition at the National Museum of China in Beijing. Photo: Wang Zhao/AFP via Getty Images

A Chinese lander carrying a rover successfully touched down on Mars for the first time, state media reports.

Why it matters: This is the first time China has landed a spacecraft on another planet, and it launches the nation into an elite club of only a few space agencies to successfully make it to the Martian surface.

2 hours ago - World

UN: 10,000 Palestinians displaced in Gaza as Israel-Hamas fighting escalates

A Palestinian woman walks after she collects her belongings inside her damaged house following an Israeli air in the northern Gaza Strip. Photo: Ahmed Zakot/SOPA Images/LightRocket via Getty Images)

The United Nations warned Friday that ongoing fighting between Israel and Hamas "has the potential to unleash an uncontainable security and humanitarian crisis," in not only the occupied Palestinian territories and Israel, but "the region as a whole."

The big picture: More than 125 Palestinians, including 31 children have been killed in Gaza since fighting began Monday, per the Palestinian Ministry of Health. Eight people, including two children, have been killed in Israel, Reuters reported, citing Israeli authorities.