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Podcasting in 2023: More Stability and Growth, Less Hype

Maddy Troy

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https://www.pexels.com/search/news%20media/

Podcasting is no longer the renegade audio medium it once was. It is settling into a rhythm of its own and it’s certainly not all about the “hype” anymore.

Aron Kressner of Forbes released a piece today featuring a quote from Edison Research, noting a consistent increase in overall listenership in the U.S., with no hint of a drop-off.

“As of our most recent data, Q3 2022, podcasts now reach 18% of those age 13+ in the U.S. — a 20% increase in the past year (Q3 2021), and over three times the reach of 2014.”

Kressner also noted a compelling stat he came across while researching; “Perhaps the most interesting figure is the voracity: the average podcast listener consumes 8 episodes per week.”

Another indication of podcasting’s promising future in the Ad space is the recent partnership made by Nielsen and Edison Research’s Share of Ear® .

Edison Research made the announcement of the deal on its website on January 31.

“Nielsen, a global leader in audience measurement, data, and analytics, announced today that it will market Edison Research’s Share of Ear and Edison Podcast Metrics services to advertising agencies.”

This type of partnership is something to keep an eye on. It shows that global leaders in the audio world are paying attention to the fact that the relationship created between podcast hosts and listeners is something incredibly unique.

The establishment of any form of media takes time to fully integrate into the daily lives of people. Podcasting has not only introduced a new medium into our lives, but it also has introduced a new tone and a new sense of honesty in communication.

Now that people have a taste for that, there is no going back to fully scripted, 2-minute interviews. The players in podcasting may be changing, but the long game is on as podcast host reads consistently outperform almost all other forms of advertising.

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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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