A couple of weeks ago, the Chicago Public Media board approved the merger with the Chicago Sun-Times, now the union between the two is complete.
Under terms of the deal, the newspaper now becomes a subsidiary of the radio station. In a statement shared by Inside Radio, Chicago Public Media did not disclose the price for the Sun-Times.
Nonetheless, the radio station states that it received pledges of $61 million from nearly a dozen philanthropies and donors who “share a belief in journalism’s critical role in informing the public, strengthening local communities, and safeguarding democracy.”
“We are excited about what lies ahead for this unique model of nonprofit news and raising the bar for supporting, preserving, and strengthening local journalism,” Chicago Sun-Times CEO Nykia Wright said.
According to the Chicago Public Media, the merger will create one of the nation’s largest local nonprofit news organizations. Furthermore, the radio station and newspaper will reach more than two million people a week in the Chicago area across broadcast, print, and digital channels.
When it comes to the funding, Chicago Public Media says it’s “mostly pledged over a five-year period,” which is directed towards keeping and building the Sun-Times’ print and digital products. Also, the company will use it to cover the finances needed to support collaboration between the two newsrooms.
“The response from the philanthropic community has been tremendous,” Chicago Public Media CEO Matt Moog stated.
“With their support, our talented team will tell the stories that matter and serve more people than ever before with human-centered, solutions-oriented journalism. We aim to connect Chicagoans more deeply to each other, to their communities, and to the issues and solutions that shape their lives.”
Futuri Creates Program that Turns User Content into Video
The platform is reportedly gaining popularity among television broadcasters following the release of a new version tailored to their needs.
Audience engagement company Futuri has created a new program called POST. The platform allows its users to upload audio, add texts and images and turn the content into video.
The platform is reportedly gaining popularity among television broadcasters following the release of a new version tailored to their needs. According to Inside Radio, more television companies look to capitalize on the growing audio medium to reach their audiences.
“Today’s audiences don’t think of media brands only in terms of ‘TV’ or ‘radio’. Quality content, be it video or audio, is what gets consumers engaged,” said Futuri CEO Daniel Anstandig.
POST comes equipped with scheduling tools, video tools, and search engine optimization. In addition to ingesting and automatically editing a TV newscast’s audio feed, Futuri says the TV version of POST will also swap out the television commercials with programmatic ad markers.
“The way we’ve customized the POST podcasting systems for the unique needs of television broadcasters will help them quickly capture the audience and revenue growth opportunities that the explosive growth of audio has created,” added Anstandig.
Washington Post Tells Staff to “Comply Now” with Work Policy
The Post has put an ultimatum to its staffers who are not showing up to the offices for the three days they require or face the consequences.
The Washington Post has put an ultimatum to its staffers who are not showing up to the offices for the three days they require; they can either come back or face “disciplinary action.”
In an email sent throughout the company, Post chief human resources officer Wayne Connell called on staff to “comply now” with the newspaper’s work policy.
After re-opening its offices on March 15, the publication demands that its staff be in the office “at least three days per week.”
“If you haven’t complied with our 3/2 policy since our March return, or you haven’t complied consistently, we’d like to underscore the need to comply now,” the statement read, per Mediaite.
“Beginning this Monday, June 27, please ensure that you are in the office at least three days per week, assuming you are not on approved days off such as vacation time, sick time, etc. Failure to comply with this policy may result in disciplinary action.”
Connell adds that the Post is being fair with its demands to have their staff come in three times a week, striking the right balance by allowing employees to work from home and having the office experience that a Zoom meeting can’t replicate.
“We believe this companywide policy strikes the right balance, allowing both in-office collaboration and greater levels of flexibility than before the pandemic, and it’s only fair that we enforce this policy consistently,” the statement concluded.
“We continue to evaluate the effectiveness of the 3/2 model and reserve the right to make changes in the future. In the meantime, please do your part in helping us meet these expectations.”
The Obamas Agree to Content Deal with Audible
The exclusive, worldwide, multi-project, multi-year first-look production deal will see the collaboration supporting Higher Ground’s commitment to audio.
Former President Barack Obama and First Lady Michelle Obama left Spotify in April. It didn’t take them long to find a new home for their content as the Obamas’ media company, Higher Ground, and Audible have reached a multi-year deal.
A press release announced the exclusive, worldwide, multi-project, multi-year first-look production deal will see the collaboration supporting Higher Ground’s commitment to audio.
“At Higher Ground, we have always sought to lift up voices that deserve to be heard — and Audible is invested in realizing that vision alongside us. I’m looking forward to partnering with them to tell stories that not only entertain but also inspire,” President Obama said.
“We are so proud of the stories we have been able to tell at Higher Ground, and there’s no one we’d rather write our next chapter with than Audible. Together, we will keep striving to tell compelling, provocative, and soulful stories—while doing everything we can to make sure they reach the folks who need to hear them,” Michelle Obama said.
The slate of Audible programs will reflect the companies’ shared task to convey meaningful and entertaining stories that promote diverse voices and backgrounds.
“We have long recognized President and Mrs. Obama’s historic capacity to captivate,” Don Katz, Audible’s Founder and Executive Chairman, stated.
“We are thrilled to welcome two of the most profound voices of moral and intellectual leadership of our times into the Audible fold, and to be able to elevate President and Mrs. Obama’s singular ability to provide hope and uplifting guidance—needed now more than ever—through their voices.”