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The awkward media economics of regime change in Hungary
What the end of Fidesz's rule would mean for advertising, audience revenue, institutional funding, and the talent market.
9 hrs ago
•
Peter Erdelyi
1
1
We gave up on advertising too soon
A new policy brief on fixing the online advertising ecosystem, two initiatives to get AI companies to pay publishers, Meta courting creators, local…
Mar 26
•
María Paula Ángel Benavides
and
Peter Erdelyi
1
Why Europe should buy Substack
Digital sovereignty is either a policy goal or a conference theme. Here's how to tell the difference.
Mar 19
•
Milo Tesselaar
and
Peter Erdelyi
13
4
Pluralism needs a business model
A foresight exercise in Bruges, scary new Google patents, micropayments still debated, a successful local newsletter, AgoraEU updates and 24 active…
Mar 13
•
Peter Erdelyi
and
María Paula Ángel Benavides
3
1
The problem at the heart of Europe's journalism funding debate
The EU is about to make its biggest investment in journalism. The Commission's own data suggests it may not be enough.
Mar 5
•
Peter Erdelyi
and
David Kardos
11
3
February 2026
Journalism is the OG distillation attack
Terminological gymnastics from Anthropic and OpenAI, $3.4 billion in ChatGPT revenue, two Pew studies that say the same thing, and quarterly results…
Feb 26
•
Peter Erdelyi
and
María Paula Ángel Benavides
1
Denník N invests hundreds of thousands euros and takes over EUobserver
The first European media acquisition facilitated, in part, by this newsletter. No, really.
Feb 17
•
Peter Erdelyi
7
3
All the money in the world, and it's still not enough to save you
On the collapse of the Washington Post and three entirely realistic strategies for the survival of journalism.
Feb 12
•
Peter Erdelyi
3
1
When big tech is saving democracy and the fourth estate
Accountability journalism in Minnesota, prediction markets funding newsrooms and fueling disinformation, Chat GPT replacing local news and 21 active…
Feb 5
•
Peter Erdelyi
and
María Paula Ángel Benavides
1
1
January 2026
Here is how the Council would change the EU's most important journalism funding program
The first leaks from MFF negotiations are in. Four amendments that worry us, one that doesn't, and what comes next.
Jan 29
•
Peter Erdelyi
and
David Kardos
6
2
The information ecosystem cosplaying 1989 in Davos
Honesty and copium at the World Economic Forum, Google being straight about publisher compensation, outside money helping creators, a community outlet…
Jan 22
•
Peter Erdelyi
and
María Paula Ángel Benavides
3
2
The same day the US banned anti-disinformation activists, Meta quietly extended contracts for fact-checkers
Meta's Third-Party Fact-Checking program was supposed to end. Instead, it got one more year, everywhere except the United States.
Jan 15
•
Peter Erdelyi
3
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