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Photo: Justin Sullivan/Getty Images

Bloomberg, Vanity Fair, Wired, Business Insider and The Atlantic have launched new paywalls within the past year — and legacy institutions like The New York Times, The Wall Street Journal, The Washington Post and The Boston Globe have all tightened their paywalls over the past few years.

Why it matters: There are many factors contributing to a rise in paywalled news, like tech's ad dominance, and a piqued interest in all things Trump. But on-demand access to information and entertainment has also become a consumer trend that is likely helping news outlets get consumers cash in.

What's next? There's an ongoing debate about whether one day news organizations would bundle their subscription services with other popular on-demand media subscriptions, like Spotify, which once came with a NYT All Access subscription.

  • Food for thought: Via @alexweprin: "As an aside, I think this becomes even more likely if/when Apple launches their Apple Music/Apple TV shows/Apple News bundle."
"No one except the Wall Street Journal, The New York Times and now probably the Washington Post has come up with a digital product that really in any significant way will replace the revenue that is being lost as print newspapers lose both circulation and advertising ... It is very difficult to see — with a lack of success in terms of important dollars rising from digital — it’s difficult to see how the print product survives over time.”
Warren Buffett at Berkshire Hathaway's annual meeting

Gut check: Local media executives have been saying for months that their biggest competition for subscriptions and eyeballs is large national newspapers.

Some perspective: Berkshire Hathaway owns more than 30 newspapers, including Buffett's hometown paper, the Omaha World-Herald. One of Buffett's earliest jobs was delivering newspapers door-to-door, which is why he hosts an annual newspaper-throwing contest.

Go deeper

Reddit traders look to pummel Wall Street's old guard

Illustration: Sarah Grillo/Axios

Reddit traders are taking on Wall Street pros at their own game with this basic mantra: Stocks will always go up.

Why it matters: Their trades — egged on in Reddit threads — have played a role in historic market activity in recent days.

The week the Trump show ended

Data: NewsWhip; Chart: Andrew Witherspoon/Axios

Donald Trump was eclipsed in media attention last week by President Biden for the first time since Trump took office, according to viewership data on the internet, on social media and on cable news.

Why it matters: After Trump crowded out nearly every other news figure and topic for five years, momentum of the new administration took hold last week and the former president retreated, partly by choice and partly by being forced off the big platforms.

Pay TV's bleak post-pandemic outlook

Data: eMarketer; Chart: Axios Visuals

The pandemic has taken a huge toll on the Pay-TV industry, and with the near-term future of live sports in question, there are no signs of it getting better in 2021.

Why it matters: The fraught Pay-TV landscape is forcing some smaller, niche cable channels out of business altogether.