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Spotify is Only Getting Bigger

The company has spent roughly a billion dollars to acquire podcast production companies and talent like Joe Rogan who hosts The Joe Rogan Experience.

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Audio streaming service Spotify has experienced tremendous growth since  changing its business model nearly two years ago.

The company has spent roughly a billion dollars to acquire podcast production companies and talent like Joe Rogan who hosts The Joe Rogan Experience.

Spotify is actively trying to build on the momentum of Rogan’s show by targeting audiences in multiple languages and experimenting with different formats. Other shows on Spotify with a huge fan base include The Michelle Obama Podcast with the former first lady talking to celebrities, family, and friends and The Journal which features a behind-the-scenes look at the Wall Street Journal’s newsroom.

Spotify founder Daniel Ek continues to promote Joe Rogan as a solution to the never-ending question of how to take ad revenue from radio which generated nearly $14 billion two years ago.

In 2019, the company spent $340 million to acquire Gimlet Media Inc. and Anchor to solidify the production and distribution of its podcasts.

Ek said that his vision for Spotify includes more listeners consuming nonmusic content. “The number of podcasts on the service climbed from 185,000 at the end of 2018 to 700,000 at the end of 2019, and more than 40 million users were listening to them.”

Spotify went public in 2018 and has seen tremendous growth in the past 20 months with its stock price doubling, boosting its overall value to $60 billion.

With the company still struggling with the question of how to monetize podcasting, one thing is certain – the number of people consuming podcasts has steadily increased. According to Bloomberg Businessweek, the number of people in the U.S. listening to podcasts monthly had grown from 32 million in 2010 to 73 million in 2018.

News Print & Digital

Twitter Introduces Crisis Misinformation Policy

“In times of crisis, misleading information can undermine public trust and cause further harm to already vulnerable communities,” Twitter said in a statement.

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When major developing news occurs, such as the Buffalo Mass Shooting last weekend, many jump on Twitter to get the latest information. However, as the details come out, some disinformation surfaces on the platform. 

In an attempt to help combat any incorrect details in real-time, the social media platform is introducing a crisis misinformation policy. This global guideline will steer Twitter’s efforts to boost credible information when a crisis moment. 

“In times of crisis, misleading information can undermine public trust and cause further harm to already vulnerable communities,” Twitter said in a statement.

“Alongside our existing work to make reliable information more accessible during crisis events, this new approach will help to slow the spread by us of the most visible, misleading content, particularly that which could lead to severe harms.”

Twitter stated that the policy has been under development since last year and will “determine whether claims are misleading, we require verification from multiple credible, publicly available sources.”

Some instances of Tweets that the company may add a warning notification to include: 

  • False coverage or event reporting, or information that mischaracterizes conditions on the ground as a conflict evolves;
  • False allegations regarding use of force, incursions on territorial sovereignty, or around the use of weapons;
  • Demonstrably false or misleading allegations of war crimes or mass atrocities against specific populations;
  • False information regarding international community response, sanctions, defensive actions, or humanitarian operations.

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News Print & Digital

NY Times Puts Hold on Entire Staff Return to Their Offices

Times prepared to have its entire staff return to the office on June 6th a few days a week, a date which the newspaper had previously moved back as well.

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The New York Times staffers were scheduled to return to their offices on June 6th; however, the rise in Covid-19 cases in New York City have caused the newspaper to pause on a return to their offices. 

“Based on the city’s guidance and the advice of our health experts, we are pausing the start of our Expected Phase of return to office until conditions improve,” wrote Jacqueline Welch, Chief Human Resources Officer, in a memo.

The Times prepared to have its entire staff return to the office on June 6th a few days a week, a date which the newspaper had previously moved back as well.

Furthermore, the company’s notification to their staff coincided with New York City increasing its Covid-19 alert level to “High” on Tuesday as daily cases in the U.S. have grown near 100,000 per day, a boost from 73,000 new cases daily average last week.

Employees who need to be in the building are encouraged to wear masks in public spaces while in its offices, including elevators, meeting rooms, and restrooms.

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FOX Nation to Debut Veteran-Themed Shows Later This Month

FOX Nation will also be extending its “Grateful Nation initiative,” offering all active military members and veterans a free one-year subscription to FOX Nation.

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FOX Nation is set to debut its veteran-themed programming Sunday, May 22nd. In a release, the network said it will air the 38th annual “America’s Top Ranger.” The competition pits some of America’s elite Army Rangers against one another in a grueling 70-mile obstacle course.

On Thursday, May 26th, the network will debut “The Unauthorized History of the Vietnam War” hosted by Bret Baier. The show will document how the Vietnam War left an indelible mark on a generation of Americans and changed the course of human events across the globe.

On Saturday, May 28th, “Heroes Honor Festival” will air from Daytona Beach, Florida. Country star Toby Keith will headline the event along with other musical artists.

On Sunday, May 29th, Bret Baier is back with a look at the most iconic ships of World War II in “Lost Ships of WWII.” The eight-part special will spotlight the director of undersea operations at Vulcan Inc. Rob Kraft and his team aboard the research vessel Petrel.

On Monday, May 30th, “The Story’s” Martha MacCallum dives into a series of stories and heroes you never knew from World War II in “Secret History of WWII.” The special will document America’s “Ghost Army”, Pearl Harbor and Japan’s code

FOX Nation will also be extending its “Grateful Nation initiative,” offering all active military members and veterans a free one-year subscription to FOX Nation.

Fox Nation’s Memorial Day Schedule: 

• America’s Top Ranger – Release Date: May 22nd

• The Unauthorized History of the Vietnam War – Release Date: May 26th

• Heroes Honor Festival – Event Date: May 28th

• Lost Ships of WWII – Release Date: May 29th

• Secret History of WWII –  Release Date: May 30th

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