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Instagram Co-Founders Launch Twitter Alternative

“The company screens websites through a media bias and fact-checking process before approving them.”

Maddy Troy

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Instagram co-founders Kevin Systrom and Mike Krieger announce the launch of their self-funded, AI-driven news app called Artifact. The tech duo sold Instagram to Facebook for $1 billion in 2012, with Systrom and Krieger continuing to work for Facebook until 2018 when tensions over data privacy and big tech power came to a head with the Cambridge Analytica scandal. 

Systrom gave an interview to The Financial Times, outlining the way Artifact will work. The basic premise of the app is to leverage the latest advancements in AI to compile a curated interface for news, all of the content on the app will come from a pre-approved list of publications.

The Artifact co-founders are reportedly concerned with the prevalence of misinformation in the current social media space and want to expose users to vetted news sources.

“Artifact will remain a curated collection of approved sources rather than a fully social platform, as the co-founders want to ensure high-quality news and information,” The Financial Times reported. “The company screens websites through a media bias and fact-checking process before approving them. The algorithm will occasionally deliver content that a user may not agree with, however.”

The waiting list for use of the Artifact app opened on Tuesday. The transparency of Artifact’s source selection and fact-checking process remains to be seen.

Artifact’s relationship to Twitter is without question semi-competitive. There is a definite crossover in the news and lifestyle content provided by both platforms. The point of difference is in the style and strategy behind how content is delivered to the user.

Systrom seems to have respect for Elon Musk’s Twitter strategy. “Twitter is one of the most important social media properties in the world, and it deserves to have a leader who believes in it and wants to make it great. And that is all I have seen from Elon.”

Artifact’s entrance into the social marketplace may provide a space for folks who have been outraged by Twitter’s recent “wild west” revival. This shines a light on the bifurcation of curation preferences when it comes to how people consume news. Time will tell how people respond to this approach to news aggregation. 

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Media Business

Instreamatic Launches New AI Tool for Audio Ads

This includes details like the listener’s location, time of day, type of app or platform they are using, the type of activity engaged in while listening, and even the local weather.

Maddy Troy

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Instreamatic, a company providing audio advertising and marketing products powered by artificial intelligence, has launched a new AI product called Contextual Audio Ads.

By using generative AI, the tool creates a synthesized voice for use in the commercial production process. With the use of the existing ad, hundreds or even thousands of personalized variables can be generated and stitched into the copy.

This includes details like the listener’s location, time of day, type of app or platform they are using, the type of activity engaged in while listening, and even the local weather.

For example, a Contextual Audio Ad created for a particular listener could start with “Good morning, hope you’re enjoying your podcast on this rainy day in Chicago. I just wanted to let you know about an incredible sale happening today.”

This may feel like a breach of privacy for some listeners, but advertisers are eager to try the technology. Currently, the Contextual Audio Ad product is being tested with creative agencies in the U.S. and the UK, according to Podcast News Daily.

“Instreamatic’s Contextual Audio Ads are better at capturing listeners’ attention because they speak precisely to that listener’s context and needs in the moment,” said CEO of Instreamatic Stas Tushinskiy.

It is unclear if listeners are required to opt-in to the Contextual Audio Ad tool in order for brands to leverage their personal data in order to be served personalized ads created by the AI.

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Media Business

Franklin News Foundation Names Jerry Lyles VP of Syndication

“Our expansion of America’s Talking Network podcasts to terrestrial radio has also occurred ahead of schedule.”

Maddy Troy

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Jerry Lyles, an industry leader with experience spanning four decades has joined the Franklin News Foundation as the organization’s first vice president of syndication and distribution.

Lyles has spend is career helping newspapers, radio, TV, and news media sites grow and expand their print and digital offerings. Lyles is now responsible for expanding Franklin News Foundation’s partnerships with media partners.

Franklin News Foundation President Chris Krug said, “Franklin has experienced significant growth over the past three years… Our team has built dozens of relationships across all platforms, and we are certain that having Jerry in this role will ensure we are able to deliver the highest level of service to our existing and new partners.”

Lyles will have responsibility over external relations for The Center Square newswire, Illinois Radio Network, and America’s Talking Network, all of which are positioned for significant growth over the coming years. Lyles has gained experience through is work for various media outlets, including Publishing Group of America, Athlon Sports, Parade Magazine, Dobie Media, TownNews (now Blox Media), AHM Publishing, and most recently, The Daily Wire.

“I have admired the service-oriented approach that Jerry took when we worked together in the newspaper industry,” said Krug. “Our expansion of America’s Talking Network podcasts to terrestrial radio has also occurred ahead of schedule.”

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Media Business

The Messenger Shuts Down Grid News After Purchase

Maddy Troy

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Grid News, the D.C.-based digital news startup sold last week to Jimmy Finkelstein’s new media startup The Messenger, will shut down Monday afternoon.

Last week, The Messenger said it would acquire Grid, and as part of a deal with Abu Dhabi-based investment firm International Media Investments (IMI).

The acquisition follows co-founder and president/CEO Mark Bauman stepping down last year during a time of internal confusion over the direction of the business. His leadership role was never re-filled.

The Messenger is reportedly evaluating what to do with Grid’s products, it is likely that Grid’s branding will not live on, a source told Axios.

Grid’s roughly 50 employees were told last week that the site would be shut down, The Messenger’s team is now interviewing Grid staffers for roles at the company. While The Messenger plans to retain as much of Grid’s editorial staff as possible, it is still unclear whether Grid’s co-founder and executive editor Laura McGann will stay on. 

The Messenger plans to maintain Grid’s newsletters, but it’s not decided if its podcast, “Bad Takes,” will continue, a source told Axios.

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