This week we hear from Jeff Kofman, founder and CEO of Trint, about the dark abyss of transcription, whether Google and Facebook are serious about funding journalism and the good the bad and the ugly of social media.

In the news roundup the team discusses a bad week for UK media companies including Johnston Press going into administration, Esquire cutting back its print offering, and Shortlist going digital-only. The team go Thanksgiving mad (not in a good way).