Sounds Profitable

This week: Why sports podcasts are a slam dunk for podcast advertisers, our quarterly earnings roundup, how the buy-side of advertising defines ‘premium’ content, how podcast advertisers are embracing Latino podcasting, and Netflix launches their ad-supported tier. Why sports podcasts could be a slam dunk for advertisers who know how to navigate the in-demand space Shreya: There’s no denying the synergy of sports and advertisers during regular game seasons, but a new article from MarketingBrew’s Alyssa Meyers highlights how podcasts can easily fill that gap the rest of the year.  “The sports podcast genre is among the top five most popular in the US, according to Edison Research, and the percentage share of ad revenue for that category more than doubled from 2020 to 2021, according to the Interactive Advertising Bureau.”  Several of Meyers’ sources stress that sports is one of the most in-demand podcast genres for ad buyers. Steven Abraham, president of the Oxford Road, said the agency’s biggest clients are interested in the space due to its reach with an active and engaged audience. “A good sports-podcast media plan includes both, according to Abraham. Major shows that cover entire leagues or sports news in general can provide the benefit of reach, but fan-led shows that focus on specific teams tend to be more targeted and affordable, he said.” Regardless of a show’s popularity, the CPM of a sports podcast has the benefit of flexibility even in the off season. Locked On Podcast Network CEO David Locke reports listenership spikes more during off-season times like trade deadlines than during important games during the normal season.  Traditional media has spent decades refining their infrastructure around courting sports fans when players are on the court. Podcasting has the flexibility and staying power to capitalize on sports fandom’s dedication for their favorite pastime and make sporting content a perennial avenue for advertisers.  Podcasting Companies Post Q3 Earnings Manuela: It’s time for what’s becoming a quarterly event here on The Download: quarterly earnings reports are here!  Most of what we’re reporting on today has been released in the past week, but in the interest of gathering everyone together, we’ll open with Spotify. As we covered back in October, Spotify shares dipped after their earnings call, in which CEO David Ek announced price increases coming in 2023.  In good news for Big Green: they report 456 million monthly active users, up 20% year over year, 195 million of which are paying subscribers, representing a 13% year over year jump.  iHeartMedia is up 7% year over year on revenue, with a Q3 total of $989 million. Their Digital Audio Group revenue hit a 23% year over year increase, with podcast revenue hitting $91 million dollars.  On Wednesday Veritone posted their Q3 financial report. $37.2 million in revenue with 64% year over year growth.  Audacy’s financial report shows total revenue down 3.8% year on year. Their Digital revenue, including podcasting, made $62 million in the quarter. As Podnews James Cridland reports, this is up 2% year on year but 10% down quarter on quarter. Cridland also said: “The company is threatened with stock market delisting; stock hit a record low of $0.27 yesterday.”  Acast’s Q3 has been positive with revenue up 21%, amounting to $29.8 million USD when converted from Krona. In their significant events recap they list the Podchaser acquisition, the partnership with Wondery to translate and record successful podcasts in Italian, and their agreement with rep The New York Times and sell UK ad space on NYT podcasts.  They also note Amazon functionally purchasing all ad space on Acast podcasts through the deal struck just after the reporting period so Amazon can run Acast shows ad-free for Amazon Music subscribers. How the buy-side of the ad industry is now defining ‘premium’ content  Shreya: On Wednesday Ronan Shields, writing for Digiday, published a piece covering how the buyer side of the market is defining premium ad content and the general mood of the industry in regards to the looming threat of recession. The piece quotes panels from multiple relevant conferences in New York City last week.  “Just about everyone in the industry is bracing themselves for a recession with swinging cuts to advertisers’ budgets expected, fellow panelists Jesse Fisher from Horizon Media and GroupM’s Esra Bacher offered insights into how marketers would make budgeting decisions. They both pointed out how priorities will delineate depending on whether they are an emerging or mature brand.”  Fischer predicts smaller brands will focus more on awareness campaigns instead of focusing on ROI. “But if you look at a more mature brand, you know that’s really well positioned… they might shift spend into more measurable channels and types of activations because they really want to make sure that if they’re spending a million dollars, they’re able to see $1.1 million in ROI.” Programmatic Investment Lead at GroupM Esra Bacher suggests marketers and media agencies have evolved enough to withstand the brunt of an anticipated economic downturn better than the 2008 recession that lead to sweeping cuts. While DSPs and premium publishers are using tools like The Trade Desk’s OpenPath to form direct relationships, media agencies are similarly getting together with supply-side platforms. An anonymous source at Brand Safety Week told Digiday:  “It’s not possible for us to talk to 10,000 publishers, but it is possible for us to talk to 50 SSPs. So, we might look to see how much we’re spending with, say, 10-15 publishers via DSPs, and then look to see which SSPs have unique supply, unique data… and transparency on things like show-level data…” Podcast listening by US Latinos is on the rise. Are ad dollars following suit? Manuela: Back in August the third annual Latino Podcast Listener Report from Edison Research was published, as dedicated listeners might remember from our coverage. The report delivered promising news, including the statistic that 59% of US Latino adults have listened to a podcast at least once.  This past Wednesday Alyssa Meyers, writing for MarketingBrew, covered both the highlights of the report and how the podcasting industry is adjusting to the rise in Latino audiences.  Latina Podcasters Network and Latino Pods CEO Rita Bautista says their stable of 40+ podcasts  broke six figures in ad revenue so far in 2022, working with brands like Ulta Beauty, Pfizer, and Gold Peak. The network does not run prerecorded ads, preferring host-read copy to ensure authenticity.  “There’s absolutely a lot of interest in the Hispanic opportunity by many advertisers,” said Jesus Lara, president of Univision Radio, including its Uforia Audio Network. “There’s other advertisers that will need a little more education.” Lara stressed that authenticity has to be paramount when building ad creative. Ad Results Media VP of media operations and analytics Lisa Jacobs says she advises brands to only write copy in another language if they have someone fluent around to work on the translation. Jacobs told MarketingBrew this might seem self-explanatory, but there have been situations in the past where someone used Google Translate to try and convert copy to another language.  Bautista says she’s seeing brands follow the advice of people like Jacobs, though there is room to grow.  “The needle is moving. It’s not moving as quickly as it needs to be, but…I do commend these companies that we've been working with for trying their best, and making sure that they are working on these efforts, and asking for feedback, and looking towards the right types of networks to advertise with in order to get this right.” Brands advertising on Netflix include Louis Vuitton, Subway, and Duracell Shreya: Previously we’ve covered Netflix’s moves into making its cheapest tier an ad-supported one. Last week the platform officially launched the tier, charging $6.99 for ‘Basic with Ads’ in the US, as well as eight other countries. MarketingBrew’s Kelsey Sutton reports the ad loads are capped at four to five minutes of advertising per hour and the formats are pre-roll and mid-roll.  Sutton and others from MarketingBre

What’s the episode about: If you’re a long time podcast listener, you’re probably familiar with promo codes. In this episode, we discuss how impactful they really are. And, is it possible that they could have even more impact for listeners, publishers, and advertisers? Tom Webster proposes an upgrade. Arielle Nissenblatt and Bryan Barletta are here to discuss with it with him. Listen to learn about: 

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This week, Tom continues his thoughts from last week about what Podcasting can learn from Radio’s worst mistakes. Credits:

Sounds Profitable: Narrated Articles is a production of Sounds Profitable. For more information, visit soundsprofitable.com.See omnystudio.com/listener for privacy information.

This week: Amazon Prime users get ad-free podcasts and music, Buzzsprout combats email spam, new ad placements at Apple cause brand safety issue, and a roundup of the three new podcast research studies. Amazon Music adds entire music catalog, ad-free podcasts.  Manuela: On Tuesday David Pierce, writing for The Verge, covered the changes coming to Amazon Prime subscribers.  Previously, Amazon Prime members had access to a limited batch of 2 million songs from Amazon Music’s extensive library. Now they have access to all 100 million songs in a limited shuffle-only capacity, similar to how a Spotify free account currently works.  The big change makes the Amazon Prime music offerings comparable to a free Spotify account. However, Amazon Prime members also get ad-free access to a fair few major podcasts. This includes podcasts produced by Amazon-owned companies like Wondery, as well as podcasts produced in partnership with outside companies, including NPR, ESPN, and the New York Times. “Amazon is also working on podcast discovery. It’s rolling out a new feature called Podcast Previews, which seems to be something like trailers for podcast episodes. You’ll be able to listen to “a short, digestible soundbite” before deciding to dive into an episode, which Amazon thinks could help discovery.” Pierce says the feature is billed as being “swipeable” and summarizes it as ‘Tinder for podcasts.’ Sounds Profitable asked several large publishers and hosting platforms for their percentage of downloads from Amazon Music. All were below 1% of monthly volume. Giving Amazon’s over 250 million Prime subscribers ad-free access to podcasts might bring that percentage up soon.  In addition to the Prime members, those who pay the $9 monthly subscription fee for Amazon Music Unlimited but do not have Prime get access to the ad-free podcast listening and Podcast Previews tool.  Buzzsprout ‘fighting back against email spam.’ Shreya: This Monday, Buzzsprout posted a short update announcing a significant update to how they’re distributing RSS feeds.  “Email spam has increasingly become an issue for podcasters. Spammers and bots routinely scrape RSS feeds to collect podcasters' email addresses and send them junk emails.”  The inclusion of a producer’s email in the RSS feed has been a mixed bag in recent years. As Buzzsprout says, making it easily available leaves the door open for companies scraping data to create massive databases of email addresses specifically to cold-call in hopes of selling something relevant to podcasters.  On the other hand, anyone who has produced a podcast knows the RSS email is an integral part of the process, with many platforms sending an email to that address with a verification link to prove the person claiming they own the RSS feed is legitimate.  Buzzsprout’s solution to that issue is simple: a new button has been added to the dashboard that puts the account owner’s email back into the RSS feed for 24 hours, enough time to verify the podcast  Barring any teething troubles with the 24 hour temporary email addition process, it seems like Buzzsprout has found an elegant solution to an inelegant problem.  Apple’s new ad placements immediately caused a brand safety crisis Manuela: As covered in past episodes of The Download, Apple has been interested in expanding advertising offerings on its platforms. This Monday Insider Intelligence’s Daniel Konstantinovic posted coverage of a brand safety speedbump Apple encountered when rolling out new ad locations on the App Store.   One of the new ad spots is in the “you might also like” section recommending similar apps, allowing advertisers to promote their own app. On the 25th when the ads went live, users began to notice inappropriate advertisements appearing on the platform. The chief example of this provided in the article is an ad for the game Jackpot World - Slot Machines on the page for RecoverMe, a gambling addiction management app.  “The influx of gambling ads led to an outcry from developers, who didn’t want their apps associated with such services, and prompted Apple to indefinitely pause ads in the gambling category.” Podcasting is no stranger to this kind of hiccup. Back in May, Spotify experienced an issue with their implementation of ads on podcast pages, leading to one Wild Turkey whiskey ad getting served to every podcast on the platform, including those about substance abuse and alcoholism, causing a small social media firestorm.  Growing pains happen with large platforms rolling out changes like this. In-depth rules and hands-on verification helps reduce issues when rolling out a new moving part, like ads on  every app listing. Apple is looking into expanding similar ads into Apple Podcasts.  It’s best to keep aware of how these changes happen and be comfortable reporting on them as they happen. Apple certainly doesn’t want their own version of Spotify’s whiskey snafu, but it doesn’t hurt to keep an eye out when ad changes debut on any platform.  Podcasting Research Roundup Shreya: Over the past week three new studies relevant to podcasting have been released, so before we close out with Quick Hits here’s a brief rundown of what has just hit the airwaves.  The IAB New Zealand has published The Evolution of Audio 2022, built with data collected from 95 survey respondents in late August and early September.  “Respondents are decision makers or influencers in the allocation of marketing spend across audio advertising including media buyers and publishers and sales Teams.”  The survey came back with promising data, including several metrics reflecting New Zealand ad buyers have used ads in broadcast streaming and podcasting more than their Australian counterparts.  Then there’s The Spoken Word 2022, from NPR and Edison Research. This edition comes with a special focus on younger demographics and how they interact with spoken word content. The study found a 214% increase in spoken word consumption in the 13 to 24 year old demographic compared to data from 2014.  According to The Spoken Word, an estimated 131 million people in the US over the age of 13 listen to spoken word content on a daily basis, an increase of 26 million over eight years. And finally, the Q3 version of Magellan AI’s Podcast advertising benchmark report is here. The report examined over 78,000 episodes of popular podcasts to get a snapshot of the state of podcast advertising.  Notable findings include 1,878 new brands or products advertised with podcasts for the first time this quarter, a 2.6% increase quarter over quarter in podcast ad ok spending, and 36% of ads were thirty seconds in length.  Quick Hits Shreya: Finally, it’s time for our semi-regular roundup of articles we’re calling Quick Hits. These are articles that didn’t quite make the cut for today’s episode, but are still worth including in your weekend reading. This week:  Audiences say advertisers shouldn’t avoid hard news, like war or COVID by Ryan Barwick for Marketing Brew. The results of a survey published by the Trustworthy Accountability Group and the Brand Safety Institute suggest audiences are of the opinion ads should be served on all high-quality journalism, regardless of story content.  TikTok developer ByteDance is hiring someone for Podcast Business Development. Two weeks ago we covered the breadcrumb trail of evidence showing TikTok is taking steps to get into podcasting in the near future. Recently, a job posting has appeared on the ByteDance website aiming to hire someone with at least five years of podcast licensing or podcast digital business development experience.  Market Enginuity Podcast Group becomes Soundrise, offering a “revenue-focused partner for values-aligned podcast partners.”  The Download is a production of Sounds Profitable. Today's episode was hosted by Shreya Sharma and Manuela Bedoya, and the script was written by Gavin Gaddis. Bryan Barletta and Tom Webster are the executive producers of The Download from Sounds Profitable.See omnystudio.com/listener for privacy information.

This week we kick off a two part series on the lessons that podcasting can take from radio's struggles.  Credits:

Sounds Profitable: Narrated Articles is a production of Sounds Profitable. For more information, visit soundsprofitable.com.See omnystudio.com/listener for privacy information.

This week: A birds-eye view of how podcasting is doing political ads this year, Spotify stock drops after announcing price increase, podcast companies discuss diversity at Advertising Week and the IAB Upfront, and a massive new Nielsen study shows podcast ads universally boost brand metrics. How podcast networks are making their own rules for political advertising—and how they differ from one another. Manuela: Midterm elections are approaching fast in the United States and that means political ads are on the rise. This Wednesday MarketingBrew’s Alyssa Meyers published https://www.marketingbrew.com/stories/2022/10/26/how-podcast-networks-are-making-their-own-rules-for-political-advertising?mid=4afb33bb7ffe284d840660fb3604ff60. “Political advertisers, including candidates and advocacy groups, have expressed interest in podcasts, according to several network execs, but not all networks want to play ball. And because the FCC doesn’t regulate political ads in podcasting, the rules are left entirely up to platforms and networks.” iHeart, Wondery, and Vox declined to comment on Meyer’s story, but those that did gave a wide variety of responses and opinions. Cadence13 has always been open to political ads, for instance. That said, the decision on whether or not to run any particular cause or campaign is left to the individual hosts of Cadence13 original podcasts. Spotify has flipped the switch to allow political ads again, having banned them after accusations of spreading disinformation during the 2020 presidential election. Curiously, both Apple Podcasts and Google Podcasts do not directly mention political advertising in their ad policies.  Due to government regulations, NPR cannot run political ads on terrestrial radio. CEO Gina Garrubbo told MarketingBrew NPR chooses not to run political ads on other platforms. Meyers continues: “Execs from other podcast networks told us they’re starting to see increasing interest from political candidates and issue-based organizations, and though they’re open to these opportunities, some don’t have formal policies in place yet.” Shira Atkins, co-founder and CRO of Wonder Media Network, has taken the approach of allowing political ads but only as part of sponsored content or via baked-in host-read. She says the network has gotten pitches from PACs and candidates, but some have blanched at the idea of handing over creative control to a host instead of running an ad produced by the campaign.  “While political ad dollars aren’t flooding the podcast space the way they are CTV, as the industry continues to grow, its political ad policies will likely continue to evolve and solidify, even if they differ across networks.”  If there’s one clear consensus in the world of political advertising on podcasts, it’s that there currently is no consensus.  Spotify Shares Slip 10% After CEO Says Price Hikes Coming Next Year  Shreya: On Wednesday Denny Jacob, writing for The Wall Street Journal and reposted to MarketWatch,https://www.marketwatch.com/story/spotify-shares-slip-10-after-ceo-says-price-hikes-coming-next-year-271666801839The results were a mixed bag for Spotify. “For its third quarter, Spotify reported 456 million monthly active users, up 20% from a year earlier and above the company's guidance. Paying subscribers, Spotify's most lucrative type of customer, climbed 13% to 195 million, also exceeding the company's expectations, thanks to promotions and household plans.” That said, Spotify also posted a Q3 loss of 195 million dollars. Spotify Premium has cost $9.99 since the service launched in 2011, but CEO Daniel Ek says that’ll change some time next year. Spotify shares fell 10% after the announcement.  Podcast companies want to increase diverse content—but say they need better ad budgets to do so Manuela: Time for another article from MarketingBrew’s Alyssa Meyers, this one published on Monday. In it, she covers conversations about the podcasting industry stemming from https://www.marketingbrew.com/stories/2022/10/24/podcast-companies-want-to-increase-diverse-content-but-say-they-need-better-ad-budgets-to-do-so?mid=4afb33bb7ffe284d840660fb3604ff60 last week.  “Part of the push for more diversity in podcasting is about getting creators from different backgrounds behind the mic in the first place. Conal Byrne, CEO of the iHeartMedia Digital Audio Group, said that podcasting, like other mediums, has a problem with representation, but that there are efforts underway to “course-correct.” Meyers cites the Edison Research’s 2022 Infinite Dial to demonstrate that the average makeup of the regular US podcast listeners - 53% men and 59% white, has declined in recent years. She also notes the diverse makeup of podcast hosts is outpacing wider US population statistics, using statistics from https://soundsprofitable.com/article/the-creators-us-2022 on June 28th.  Conversations about diversification also raise questions about brand safety.  “During Acast’s panel, global head of ad innovation Elli Dimitroulakos said that brand-safety tech can be imperfect as well, because it “has been built by people with preconceived notions or biases.”  Dimitrioulakos provides the example of a retailer avoiding any instance of the word ‘bomb’ in an attempt to distance themselves from any content to do with war, but in the process unrelated content like discussions of bomber jackets are caught in the crossfire.  “Or “if I say ‘a bomb lipstick,’ I’m not talking about a weapon,” added Brooke DeVard Ozaydinli, host of the Naked Beauty podcast.” Tenderfoot TV co-founder and president Donald Albright says advertisers should be prepared to invest in the industry and support the diversity they want to see in the industry. “Black content is what creates the culture, all culture, so invest in that,” he said. “Put the money in it, and also pay a premium on it. Don’t just pay the normal rate, pay extra, because you’re reaching a very targeted market that’s going to set the trends. That should be more valuable.” New massive Nielsen study finds podcast ads universally boost brand metrics, long ads work. Shreya: On Wednesday Gillian Follett, writing for AdAge, covered https://adage.com/article/digital-marketing-ad-tech-news/nielsen-study-shows-podcast-ads-universally-boost-brand-metrics/2445491 “The study, titled “Podcast Ad Effectiveness: Best Practices for Key Industries,” consolidates the findings of 610 separate studies conducted by Nielsen to measure how ads inserted into podcast episodes affected several performance metrics, including brand familiarity, brand affinity and brand awareness. It also measured consumers’ intent to search for more information about the brand; purchase something from the brand; or recommend the brand to others.”  The individual studies cover a period of four years and involved over 147,000 respondents, leading to the claim this is the largest ever study of podcasting advertising effectiveness. This claim was made by study commissioner Magna, an investment and intelligence unit of IPG Mediabrands. One notable bit of data is the finding that ads longer than 35 seconds drive better results than shorter creatives. Magna executive VP and managing director of audience intelligence and strategy Brian Hughes suggests this is due in part to the tendency for longer creatives to be tailor-made for podcasting. Shorter ads have a higher likelihood of being repurposed from another medium - such as radio - while longer ads likely have been built with podcasting in mind.  “Additionally, podcast ads largely had the same impact whether they were read by the podcast host or they came from the brand. In fact, custom ads—which typically involve the host sharing their personal experience with the brand, according to Hughes—were generally less effective than those that didn’t feature the podcast host. The report points out that “custom content may not be worth the price of creation given it lags in performance.”” It’s also worth noting with both the results we’ve covered and the rest in the article that Nielsen’s methodology actually suppresses positive results, in a way. Respondents aren’t actually listeners of the podcasts they’re being tested with. It then stands to reason that if a result comes back positive in this study, the results are likely even better with an individual podcast’s actual audience.  Quick Hits Manuela: Finally, it’s time for our semi-regular roundup of articles we’ve named Quick Hits. These are articles that didn’t quite make the cut for today’s episode, but are still worth including in your weekend reading. This week:  https://blog.pocketcasts.com/2022/10/19/pocket-casts-mobile-apps-are-now-open-source/?utm_source=Hot+Pod&utm_campaign=7d7517d609-EMAIL_CAMPAIGN_2022_10_20_06_31&utm_medium=email&utm_term=0_f85dcd1354-7d7517d609-92412891 by Yael Rubinstein for Pocket Casts. This one does what it says on the tin: podcast listening service Pocket Casts announces their decision to make both the iOS and Android versions of their mobile apps open source.

https://rainnews.com/soundexchange-wins-9-7-million-judgment-from-slacker-liveone/

What’s the episode about: Arielle Nissenblatt chats with Sounds Profitable partners Bryan Barletta and Tom Webster about the two year anniversary of Sounds Profitable. Learn about our content initiatives, our research, our partnership opportunities, and how you can get involved at every stage. Listen to learn about: 

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What does it mean that several podcasts paid to have their podcasts downloaded in a mobile app? Let’s break down the issue at hand, where things went wrong, and what we as an industry can do to solve it. Credits:

Sounds Profitable: Narrated Articles is a production of Sounds Profitable. For more information, visit soundsprofitable.com.See omnystudio.com/listener for privacy information.

This week: TikTok spotted scraping podcast feeds, YouTube launches audio ads and host-read ad service, Internet radio platform Live365 to distribute through TuneIn On Air, the Spoken Word Audio Report debuts next week, and Digiday research shows publishers are warming more to programmatic. Evidence suggests TikTok to explore podcasts. Manuela: TikTok is coming to podcasting, or at least it looks to be that way from the breadcrumb trail of hints the company has left behind over the past year. Most recently, in Monday’s edition of Podnews, James Cridland reported podcast hosting company Audiomeans has spotted a

“new bot that is scraping our feeds, starting October 11th.”

The host also provided Podnews with details about the bot scraping their feeds that ties it back to TikTok.

Back in May the social media giant registered a trademark for a new service titled TikTok Music, which happened to include a provision for podcast content. Further back still, in the last week of December 2021 all TikTok users got a notification prompting them to take the ‘TikTok Podcast experience survey’ that collected listener-focused data, as well as audience metrics if the person filling it out identified as a producer.

With questions like “if TikTok is going to launch a podcast feature, which of the following do you think will lead to a positive podcasting experience?,” it’s no surprise we’re seeing signs they’re building something podcasting related almost a year later.  YouTube launches audio advertisements, service for host-read podcast spots. Arielle: This Monday YouTube announced a launch of audio-only ads, including ways to allow advertisers to specifically target podcasts, music, and those using connected TVs. This feature was beta-tested in 2020 but has now gone live globally. Sheila Dang covered the announcement for Reuters.

“The streaming video platform said it will expand audio advertising globally to allow brands to market to people who use YouTube to listen to music or podcasts.”  It should be noted, as of this writing the YouTube podcasts homepage is still unavailable outside the US, though the announcement of global audio ads suggests this will change soon.

Then on Tuesday MarketingBrew’s Alyssa Meyers covered further development on the story as YouTube brought host-read ads into the mix. “YouTube BrandConnect, its branded-content platform that connects creators with advertisers, is piloting a program that offers video ads read by podcasters, signaling YouTube’s continued interest in expanding its footprint in the podcast world.”  The BrandConnect system will allow brands testing the program to op into 60 or 90 second host-read ad segments that exclusively appear on the YouTube version of the podcast. The spots will either include video of the host reading the copy or a custom title card with audio overlay. BrandConnect managing director Lori Sobel mentioned skincare company Neutrogena has implemented the tool to run a campaign on the The Financial Confessions.

In the future BrandConnect has intentions of using audience insights to pair brands with creators.  Live365 signs TuneIn On Air distribution deal.

Manuela: Last Wednesday Soundstack’s Live365 platform announced a distribution agreement with TuneIn. Broadcasters on Live365 premium subscriptions now have access to the TuneIn On Air, opening up access to the platform’s 30 million US-based people using the TuneIn mobile app on over 200 connected devices, including integrations with automotive systems by Tesla and Volvo. A quote from TuneIn CEO Richard Stern:

“This partnership with Live365 fits perfectly within our mission to reinvent radio for a connected world and democratize access to radio for broadcasters large and small. We believe great conversations are driven by the power of the human voice and we know our listeners rely on us to stay connected to the issues that matter to them most via our content catalog. We're thrilled to help more broadcasters reach TuneIn's expansive audience."

This partnership comes at a time when traditional radio listenership is dropping. Last month Tom Webster, in an article for Sounds Profitable, wrote about the most recent Edison Research Share of Ear study. In recent years there has been a slow decline in Americans 13 and up listening to audio on AM/FM radios, while listening time on mobile devices has grown in almost direct correlation. 

“I am certainly not the only person to write about this, but radio has as much of a hardware problem as it does a “software” issue. Other than your car, it is getting harder and harder to even buy a broadcast radio receiver. Some mobile phones do offer radio tuners, but Apple has famously rebuffed all attempts by radio lobbyists to include one in the iPhone. And so, as you might guess, AM/FM’s Share of Ear on mobile devices is comparatively quite small, indeed--in fact, today that share is markedly smaller than the share allocated to podcast listening on mobile devices.”

Bringing radio to those mobile devices eliminates the issue of limited access to hardware. TuneIn is a standout example of a service modernizing the radio listening experience and making it accessible from mobile devices. Thanks to their roster of connected devices including automotive systems like Tesla and Volvo, their version of portable radio even can take over one of the last bastions of AM/FM hardware.  The Spoken Word Audio Report 2022 Launches Next Week Arielle: Mark your calendars, NPR and Edison Research are set to release the 2022 version of the Spoken Word Audio Report on October 27th. The study will explore:

“specific types of spoken word content, various spoken-word platforms, and devices used to consume spoken word content. With young people in the U.S. listening to spoken word audio more than ever, this year’s study includes a special focus on Gen Z consumption.” Vice President of Edison Research Megan Lazovick and Lamar Johnson, VP of Sponsorship Marketing at National Public Media , will present the study via webinar at 2pm Eastern Standard Time. Registration for the webinar is live and a link is available on the Edison Research blog post announcing the event. Digiday+ Research: Direct-sold ads lose favor with publishers, while programmatic ads make gains

Manuela: The tide appears to be shifting more in favor of programmatic advertising. This Monday, Digiday deputy managing editor Julia Tabisz covered a survey of 200 publisher professionals conducted by Digiday+ Research over the first and third quarters of 2022. Their findings show a growing difference between money made from direct-sold ads and programmatic.  “While programmatic ads still make up a smaller portion of publishers’ revenues on the whole than direct-sold ads, publishers see potential in programmatic, Digiday’s survey found, which could affect how publishers prioritize their businesses through the end of this year and into next. For instance, the percentage of publishers who said they will put a large or very large focus on building the programmatic part of their business in the next six months has risen from fewer than a third (32%) in Q1 to 43% in Q3.” The survey found the percentage of publishers who self-identified as getting a large or very large portion of their ad revenue from direct-sold ads fell from 59% in Q1 to 45% in Q3. On the flip side, publishers who got a large portion of ad revenue from programmatic ads only shrank from 32% to 30% from Q1 to Q2.  “Digging a bit deeper into how publishers manage their programmatic ads business, it turns out that the open market is the biggest source of publishers’ programmatic revenue — and it’s growing.”  Longtime listeners of The Download have heard this before: programmatic isn’t a dirty word, and an excellent tool when used properly, and we love to see wider industries embracing it.  Quick Hits: Recommended Weekend Reading Arielle: Finally, it’s time for our semi-regular roundup of articles we’re calling Quick Hits. These are articles that didn’t quite make the cut for today’s episode, but are still worth including in your weekend reading. This week:

5 Reasons Brands Shouldn’t Sleep on Co-Listening by Melissa Paris for SXMMedia. SiriusXM, in collaboration with Carat and Edison Research, has published their second co-listening report as a f

There are around four million podcasts in the world today - but how many are you actually competing with? The answer is much smaller than you might think. Credits:

Sounds Profitable: Narrated Articles is a production of Sounds Profitable. For more information, visit soundsprofitable.com.See omnystudio.com/listener for privacy information.