NY Times “The Daily” crosses one-billion downloads; notches 2M per day

The New York Times issued a milestone brag today: Its flagship podcast, The Daily, has surpassed one-billion total downloads. “That’s billion with a b,” the company clarifies. In an exercise of imagination, arithmetic, and fudging the unknowns, we are led to imagine what “The Daily” is worth to the Times. Continue Reading

Mechanical Licensing Collective sets creation costs and first-year budget

Progress continues with the Mechanical Licensing Collective, the organization formed by the Music Modernization Act to administer the new blanket licenses. The MLC has said it will need $37.25 million to build the structure and set its first-year operating budget at $29 million. Continue Reading

NPR: Podcast sponsorship revenue will exceed broadcast sponsorships in 2020

NPR has long been a leader in podcasting, and now the organization is forecasting breakthrough financial returns on the audio format. Deborah Cowan, chief financial officer at NPR, said that the network has projected that corporate sponsorship revenue from podcasts will reach $55 million in the 2020 fiscal year. Continue Reading