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Nobody needs newsrooms anymore
Mediahuis’s investment in Kessel is a welcome bet on European publishing infrastructure and on content production and monetization that increasingly…
Oct 15
•
Peter Erdelyi
4
3
Journalism just lost a billion it never had
The new Irish proposal would cut the entire EU budget by 8% but the funding envelope for journalism programs would likely lose a lot more.
Oct 12
•
Peter Erdelyi
1
2
Protect the information ecosystem, not every organisation
The case for consolidation, AI’s dependence on the people it displaces, $3m in reader revenue in Memphis, a Capital Stacks session for partners, and 22…
Oct 8
•
Peter Erdelyi
and
María Paula Ángel Benavides
1
1
The most lucrative piece of journalism ever published
And six other stories about building viable European journalism businesses.
Oct 1
•
Peter Erdelyi
9
1
September 2026
We launched Capital Stacks of Journalism
Journalism still matters, businesses can be built to produce it and what can be built can be invested in.
Sep 29
•
Peter Erdelyi
and
Milo Tesselaar
6
2
The AI influencers would like to see your newsroom’s budget
OpenAI’s interest in creators, the hard work of publishing less, Capital Stacks of Journalism is in print, local newsrooms profitability story and 28…
Sep 24
•
Peter Erdelyi
and
María Paula Ángel Benavides
1
The tedious economics of sudden press freedom
We built a dashboard tracking where Hungarian taxpayers sent their 1%. For independent media, this may have been the high-water mark.
Sep 17
•
Peter Erdelyi
1
2
Nobody understands user needs like the person robbing you
What an airport scam taught me about user needs, why Substack is paying journalists’ legal bills, and someone actually buying our EU Funding tool. Plus…
Sep 10
•
Peter Erdelyi
and
María Paula Ángel Benavides
3
2
We built a tool to navigate European media funding
Mapped out €850+ million in funding to help you create better proposals.
Sep 3
•
Peter Erdelyi
4
1
August 2026
US government money is back. Europe will not like what it funds.
Three million dollars to drive the EU crazy, no questions allowed from creators, our big and beautiful new website, scaling local news and 33 active…
Aug 27
•
Peter Erdelyi
and
María Paula Ángel Benavides
4
2
Five things to read while not reading newsletters
This week’s active calls, a short August break and some of our better work from 2026.
Aug 13
•
Peter Erdelyi
and
María Paula Ángel Benavides
2
The exploding supply of misinformation is not the main problem
Google briefly made fake satellite images easier to produce, which is not great, but the economics of bad information still begins with demand.
Aug 6
•
Peter Erdelyi
1
1
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