Much has been written about artificial intelligence (AI) killing traffic to media sites, but it is becoming clearer that the fight for attention is shifting to information cited most prominently in an AI summary, Pete Pachal writes in Fast Company. AI presence may not be a substitute for website traffic, but it is “the new proxy for relevance and authority.”

Veteran markets reporter Matt Phillips is returning to Axios and will co-author the Axios Markets newsletter with Emily Peck, Talking Biz News reports. Phillips had been serving as senior markets correspondent at Sherwood News. Prior to his first turn at Axios, he covered financial markets for The New York Times, The Wall Street Journal,Vice and Quartz. “We’re thrilled to bring Matt back to Axios,” says Kate Marino, executive editor, in a statement. “His distinctive reporting will further establish Axios as essential reading on the most important trends shaping business and financial markets.”

Versant Media Group is leaning into sports media rights and digital as its traditional TV exposure is shrinking, SimplyWallSt reports. The company’s profit margins are under pressure and funding for new sports rights could tighten, but the move into sports could help mitigate the softness in legacy pay TV in time. 

As CBS Radio News goes silent today after almost a century on the air, a parallel development is that the U.S. has stopped demanding that media serve the public interest, historian Matthew Jordan writes in an article that appeared in Nieman Lab. “Principles that once had broad public support — producing public interest news as a quid pro quo for licensing, limits on foreign ownership and fairness rules that required stations to give equal time to both sides of an issue — faded away,” Jordan adds in recounting the history of CBS Radio News.

Netflix will increase its live programming by adding “The Breakfast” Club, the morning radio show co-hosted by Charlamagne tha God, working with iHeartMedia, The Wall Street Journal reports. The show will appear on Netflix starting on June 1. Netflix has focused on sports in its live programming up to now. 

Viant Technology Inc. and Ad Fontes Media have formed a partnership that will enable Viant to deliver reliable news targeting within inventory on connected TV, TVTechnology reports.  The Ad Fontes Media Reliability and Bias framework will be integrated into the Viant advertising platform, making Viant the only DSP to enable news targeting based on reliability. "This partnership with Viant gives advertisers a consistent, data-driven way to evaluate content quality,” says Vanessa Otero, founder and CEO of Ad Fontes Media.

Barbara Peng is stepping down as CEO of Business Insider by the end of June, Reuters reports. Peng says she is leaving to pursue new opportunities created by technological change. She will be replaced on an interim basis by Christian Baesler, who is a senior advisor to German publisher Axel Springer, the owner. This follows the layoff of under 5% of Business Insider’s global newsroom staff. "We're at a moment where there's massive change driven by technology, which also means massive opportunity,” Peng said. 

Vox Media’s remaining assets after the $300 million sale of the Vox Media Podcast Network and New York magazine  to James Murdoch’s Lupa Systems may be followed by the sale of the remaining Vox assets, AdWeek writes. Jay Penske, who owns 20% of Vox Media’s stock at Penske Media, is likely to acquire one or more of the remaining brands, sources speculate. Known internally as Remain Co., these assets include Eater, The Verge, SB Nation, Popsugar and The Dodo. 

Reuters has been accused of unfair labor practices by the NewsGuild of New York after it allegedly cut ties with podcast producer Evan Jacoby over comments he made questioning Reuters’ purported contracts with ICE and DHS, Talking Biz News reports.  “We believe Guild members and all Reuters employees should not be afraid to question the practices of Reuters or any other organization,” said Scott DiSavino, unit chair of ReutersGuild.

Automotive advertising will represent less than 10% of ad category spend, the first time this has happened in tracking the sector, Guideline reports, according to Inside Radio. The sector is suffering from spending cuts by established automakers and slower electric vehicle growth. Historically, automotive accounted for 10% to 12% of ad spending.