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Dallas Cowboys. Photo: Ronald Martinez via Getty Images

SB Nation, the sports network from Vox Media, is launching 32 new podcasts, one dedicated to each NFL team. It’s also working to create localized podcasts for all teams within big sports markets around the country. 

Why it matters: Vox Media is investing heavily in its podcast and television studio businesses to grow its revenue and audiences. The company is slated to triple its podcast revenue this year from 2017, according to Marty Moe, President of Vox Media, Inc.

  • “In 2019, we see the podcast business going well into the nine figure numbers," Moe said.

Details:  SB Nation began testing the local push in Philadelphia in September, launching podcasts dedicated to each major Philly sports team. 

  • The goal is to create a local podcast network that will service fans whose only alternative to local sports coverage in audio right now is local radio. 
  • “Over time, SB Nation will become as much of an audio experience as it is a text and video written experience,” says Moe. 

Between the lines: If successful, SB Nation’s local podcast push could help Vox Media lay a framework for a larger, more localized podcast network that it could use to drive revenue and market other products and services. 

  • Moe believes that SB Nation’s audience of roughly 40 million unique visitors per month, per Comscore, gives the brand enough scale to experiment with localized audio content. 

The big picture: Vox Media has reportedly struggled to drive revenue amid a digital advertising drought that's plaguing the entire online publishing industry. In September, The Wall Street Journal reported that the media holding group was on pace to miss its revenue target this year by roughly 15%. 

Go deeper

Justice Department drops insider trading inquiry against Sen. Richard Burr

Sen. Richard Burr (R-N.C.) walking through the Senate Subway in the U.S. Capitol in December 2020. Photo: Stefani Reynolds/Getty Images

The Department of Justice told Sen. Richard Burr (R-N.C.) on Tuesday that it will not move forward with insider trading charges against him.

Why it matters: The decision, first reported by the New York Times, effectively ends the DOJ's investigation into the senator's stock sell-off that occurred after multiple lawmakers were briefed about the coronavirus' potential economic toll. Burr subsequently stepped down as chair of the Senate Intelligence Committee.

Netflix tops 200 million global subscribers

Illustration: Rebecca Zisser/Axios

Netflix said that it added another 8.5 million global subscribers last quarter, bringing its total number of paid subscribers globally to more than 200 million.

The big picture: Positive fourth-quarter results show Netflix's resiliency, despite increased competition and pandemic-related production headwinds.

Janet Yellen plays down debt, tax hike concerns in confirmation hearing

Treasury Secretary nominee Janet Yellen at an event in December. Photo: Alex Wong via Getty Images

Janet Yellen, Biden's pick to lead the Treasury Department, pushed back against two key concerns from Republican senators at her confirmation hearing on Tuesday: the country's debt and the incoming administration's plans to eventually raise taxes.

Driving the news: Yellen — who's expected to win confirmation — said spending big now will prevent the U.S. from having to dig out of a deeper hole later. She also said the Biden administration's priority right now is coronavirus relief, not raising taxes.