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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.

Ryan Hedrick

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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

CNN Media Editor An Phung Latest to Depart From Network

The changes at CNN continue as the network’s Senior Editor of Media, An Phung, announced on Wednesday via Twitter that she would leave her position.

Eduardo Razo

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The changes at CNN continue as the network’s Senior Editor of Media, An Phung, announced on Wednesday via Twitter that she would leave her position. 

Phung has spent the last five and a half years on the media desk, working closely with reporter Oliver Darcy, managing editor Alex Koppelman, and former “Reliable Sources” host Brian Stelter. 

“I am sad to announce that I will be leaving CNN,” Phung tweeted. There isn’t enough room here to praise all the people who made it a great place to work. 

“And there are so many people to thank for helping me tell good and important stories about the threats against journalism and democracy.”

She didn’t reveal when her last day at CNN will be; however, Phung is “spending my remaining time at CNN expressing my gratitude to them.” During her time at the media desk, Phung has credited Darcy, Koppelman, and Stelter for making her a stronger editor. 

Phung didn’t disclose what’s next for her career and, for now, is reflecting on her time at CNN, considering having a background as a refugee. 

“For a kid born on a refugee boat, a prestigious job at CNN was never a given,” Phung tweeted. “Then to be able to work with some of the most brilliant journalists in the industry—this job has just exceeded my biggest and boldest childhood dreams. I am living proof of what is possible.”

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Fox Nation Announces Debut Date for ‘Cops’

FOX Nation announced that it is expanding its library of “COPS” shows with new episodes starting next week after it was initially canceled by Paramount Network.

Ryan Hedrick

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FOX Nation announced that it is expanding its library of “COPS” shows with new episodes starting next week.

In a release, the network said the new season will premiere with the first three 20-minute episodes dropping on September 30th, followed by a new offering debuting every Friday at 6 PM/ET throughout the fall.

“It has been nearly one year since we greenlit COPS and the reaction has been positively overwhelming,” said Jason Klarman, president of the streaming service.

FOX Nation will continue to offer a free, one-year subscription to all first responders, including police officers, firefighters, emergency medical technicians and paramedics (EMS personnel).
 
“Our subscribers continue to flock to the series, and we’re excited to provide our engaged audience with more of the exclusive content they have come to rely on from FOX Nation,” added Klarman.

Last year, the Paramount Network canceled “COPS” following the murder of George Floyd. In reviving the series, Fox Nation has also picked up an additional 15 episodes from the 32nd season.

FOX Nation is available at foxnation.com

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Cenk Uygur Defends Having Dennis Prager on ‘The Young Turks’

“Because we’re not afraid of right-wingers and we don’t view media as an a**-kissing exercise, like traditional media does,” Uygur tweeted.

Eduardo Razo

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Cenk Uygur, the host of “The Young Turks,” is defending his decision to have radio host Dennis Prager on his Thursday show. 

When pressed about having Prager, Uygur stated that their program isn’t afraid to have an alternative view which is what the traditional media does in his eyes. 

“Because we’re not afraid of right-wingers and we don’t view media as an a**-kissing exercise, like traditional media does,” Uygur tweeted.

“If you think afterward we didn’t sufficiently challenge him, then rip us. But you assume we’re not going to challenge him because you’re used to soft media.”

The episode with Prager goes live at 6 p.m. ET on Thursday and Uygur didn’t reveal what they’ll discuss with the radio host, but he did state that the show “should be a dynamic conversation, to say the least!”

Whatever they discuss, there are plenty of ongoing situations in the country to debate, whether it’s the immigration issue with governors facing backlash for political stunts to the upcoming midterm elections that are right around the corner.

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