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Reproduced from eMarketer; Chart: Axios Visuals

One strange takeaway from the pandemic has been that when forced to stay at home, users are more likely to abandon audio content for video.

The big picture: A lot of audio streaming occurs on daily commutes, where users don't have bandwidth to stare at screens. But commuting, of course, has been put off during the pandemic.

Between the lines: Pure music streaming via platforms like Spotify and Pandora seems to be taking a hit in favor of digital video and music video streaming, per eMarketer.

  • "These downward revisions to our forecasts come off the back of several years of strong growth in digital audio listener numbers for podcasts and music streaming.

Of note: In the beginning of the pandemic, podcast consumption was initially way down, but seems to have stabilized, per Podtrac.

Go deeper: Streaming spikes during coronavirus

Go deeper

New York Times digital revenue surpasses print revenue for first time

Data: NYT earnings reports; Chart: Axios Visuals

For the first time in its nearly 170-year history, the New York Times made more money from digital products than it did from its print newspaper during a three-month quarterly earnings period, the Times announced Wednesday.

Why it matters: It's a huge milestone for The Gray Lady, which six years ago published a digital "Innovation Report" that detailed the paper's shortcomings in adjusting its business to embrace the digital world.

Chauvin trial leaves cities, activists across America on edge

Illustration: Brendan Lynch/Axios

The impact of the Derek Chauvin trial is reverberating far beyond the walls of the downtown Minneapolis courtroom.

The state of play: With the trial set to enter its third week, activists across America are watching the proceedings unfold with heavy skepticism that what they perceive as justice will be served.

Felix Salmon, author of Capital
1 hour ago - Economy & Business

The dispiriting housing boom

Illustration: Sarah Grillo/Axios

It's a discouraging scene: Bidding wars, soaring prices, and fears that homeownership is becoming out of reach for millions of Americans. We're in a housing frenzy, driven by a massive shortage of inventory — and no one seems to be happy about it.

Why it matters: Not all bubbles burst. Real estate, in particular, tends to rise in value much more easily than it falls. Besides, says National Association of Realtors chief economist Lawrence Yun, this "is not a bubble. It is simply lack of supply."