As the old order gives way, the contours of the new media world are coming into view: video and audio are eating text, performance and participation are mandatory, individuals matter more than formats, and being a brand is better than being a publisher.We get into the Washington Post’s third-newsroom experiment, the rise of Pablo Torre's performance investigative journalism, and why Colbert was AOL-dead long before the cancellation. Also: TikTok talent flight, the return of conspiracy as entertainment, and why most magazine brands are now running some version of the Forbes playbook.

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