Welcome to Semafor Media, where we break the news behind the news.
The biggest stories in media usually follow the money. Today, Max looks at one of the biggest shifts in the business of media: The capture of most sports media by the online gambling industries.
We’ve also got news about an experimental downtown New York newspaper, the transformation of the Washington Post’s opinion section into something like an experimental downtown New York newspaper, and a truly inspiring story of survival in the independent Russian media.
And: My old boss, BuzzFeed CEO Jonah Peretti, texts about Elon Musk’s strategy.
The team at Semafor Principals in Washington have been hitting their stride, breaking big news, cutting through the noise, and reading all the other newsletters so you don’t have to. Sign up for it here.