?? Subscription Surge & AI's Media Shake-Up
Letterhead
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TOP NEWS
Publishers Double Down on Subscriptions as Challenges Mount Major publishers are increasingly focusing on subscription models as traditional revenue streams like advertising and commerce become more challenging. A survey by Toolkits found 17 out of 28 publishers have increased their focus on subscriptions over the past year. The shift is driven by declining traffic and the need for stable revenue sources. Toolkits
OpenAI Strikes a Deal to License News Corp Content News Corp has agreed to a multiyear deal with OpenAI, allowing the use of current and archived content from major outlets like The Wall Street Journal and The New York Post to train and service AI chatbots. NYTimes
Scoop: Google Threatens to Pause Google News Initiative Funding Google warns nonprofit newsrooms that a new California bill could jeopardize its investments in the U.S. news industry. This bill would tax Big Tech companies for digital ad transactions, potentially impacting hundreds of publishers. Axios
The Pizza Shop Lesson: Why News Media Needs to Offer More Than Ads Richard E. Brown discusses how newspapers can provide comprehensive services to businesses beyond traditional advertising, such as job boards, networking events, and market research, to create more value and sustain revenue. Editor & Publisher
Early Brand Winners and Losers of Google’s AI Overviews Google’s AI Overviews are changing how brand content appears in search results. While complex content and strong brands benefit, those relying on SEO-focused strategies and simple service content may see reduced traffic. Toolkits
AP Expands Local Content Partnerships Ahead of 2024 Election The Associated Press has signed new deals with five local newsrooms to share and distribute content ahead of the 2024 election, aiming to enhance local news coverage. Axios
MULTIMEDIA LONG "READS"
A curated selection of in-depth content including videos, podcasts, and articles to keep you informed and inspired.
Report for the World Launches a Roadmap for Revenue Diversification and Innovation in Journalism The International Press Institute and Report for the World have released a guidebook to help media leaders diversify revenue and innovate editorial strategies. The guide addresses sustainability challenges faced by independent media. Report for the World
The Pizza Shop Lesson: Why News Media Needs to Offer More Than Ads Richard E. Brown discusses how newspapers can provide comprehensive services to businesses beyond traditional advertising, such as job boards, networking events, and market research, to create more value and sustain revenue. Editor & Publisher
TOOLS AND RESOURCES
JournalismAI Academy for Small Newsrooms: A free online training program designed to help small newsrooms leverage AI in journalism. The 8-week course, starting in July 2024, is open to journalists and media professionals from small news organizations. JournalismAI
Anthropic’s AI Prompt Library: Enhance your AI interactions with Anthropic’s prompt library, offering a collection of example prompts and a prompt generator to help you craft better AI queries. Anthropic Prompt Library
Letterhead.ai: Tailored for publishers with complex product systems, Letterhead.ai offers powerful features like automation, content curation, and multi-newsletter management. Benefit from best-in-class pricing, seamless integrations, and robust revenue tools. Effortlessly manage and optimize your email campaigns, ensuring high engagement and streamlined operations. Enhance your publishing workflow and maximize your reach with Letterhead.ai’s comprehensive toolkit. Learn more about Letterhead.ai
Riverside.fm: Enhance your podcast and video recordings with Riverside’s comprehensive features. Record separate, high-quality video and audio tracks, use AI for transcription in over 100 languages, create Magic Clips for social media, and leverage AI Show Notes for summaries and chapters. The platform also offers tools like Magic Audio, captions, media board, and a teleprompter to streamline your workflow. Riverside.fm
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