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Medium, the blogging service founded by Twitter co-founder Ev Williams, is adding audio versions of some of the content published on its platform. The catch: It's part of its paid subscription, for $5 a month, that the company unveiled in March.

Fixing the media industry: Medium's subscription service came after the company concluded that advertising isn't a sustainable model for a content business, so it wants people to pay for quality content. And adding audio versions of some content certainly makes sense as part of a paid product. Recording requires additional resources, and its a nice extra for those already willing to pay a monthly fee for good content.

But Medium should also be careful not to confuse the true value of paid content with cute features, something Silicon Valley often does when startups tackle various industries. The true hard work is in investigations, reporting, photography, crafting amazing writing—and that's where the subscribers' money should go. And that's the part Medium should work to improve.

Go deeper

Mark Meadows will stop cooperating with Jan. 6 panel, attorney says

Photo: Chris Kleponis/Polaris/Bloomberg via Getty Images

Former White House chief of staff Mark Meadows will no longer cooperate with the House select committee investigating the Jan. 6 Capitol insurrection, his attorney told Fox News Tuesday.

Why it matters: Meadows, who failed to appear before the panel last month, is believed to have insight into former President Trump's role in efforts to stop the certification of President Biden's election win.

Updated 4 hours ago - Economy & Business

The billionaire balloon

Data: World Inequality Report 2022; Chart: Axios Visuals

The super-rich are getting stupid rich: New data out today shows the share of global wealth held by the richest slice of humanity swelled by almost a full percentage point during the pandemic.

Driving the news: The top 0.01% of individuals now hold about 11% of the world's wealth, compared to just over 10% in 2020, according to the "World Inequality Report 2022," written by Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman.

Tina Reed, author of Vitals
4 hours ago - Health

Omicron gives a shot to boosters

Expand chart
Data: CDC; Chart: Will Chase/Axios

Vaccination rates have ticked higher since the discovery of the Omicron variant, CDC data shows.

By the numbers: The seven-day average for vaccinations in the U.S. reached about 1.8 million on Monday, up from an average of about 1.3 million a month ago.