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Netflix CEO Ted Sarandos Shares Disappointment With Pace Of Engagement Growth In 2026

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Netflix co-CEO Ted Sarandos says the streamer isn’t growing as fast as he wants. In fact, viewership rose just 2%in the first half of 2026.

What We Know: Sarandos spoke Wednesday at Bloomberg’s 2026 Screentime event. Unlike past years, 2026 brought slower engagement and a lost bid for Warner Bros. Meanwhile, Netflix spends about 5% of its $20 billion content budget on live programming, including NFL games. However, live generates only about 1% of viewership, though it drives signups, cuts churn and pleases advertisers. Sarandos said that while he’s not satisfied with the pace of growth, he says the business is still in good shape.

What They Said: (All quotes from Bloomberg):

Ted Sarando on engagement level on Netflix: “All engagement is not equal. First and foremost, we are growing engagement. We’re growing on 200,000,000,000 hours of watching. We grew 2% in our last announcement. Overall, we’re not growing as fast as I want us to, and we’re working on and making that move faster. We are, though, also doing things that create a lot of headwind of that number.”

Ted Sarandos on the business of engagement: “When I say we grew 2%, that’s an easy number to sneeze at. But it’s through all the growth of live. It’s through incredible headwinds from things like the World Cup and world sports and all those things that are going on too. So, we are growing the business. We want to keep growing it faster. This past quarter, we did double digit revenue growth in every region of the world. The businesses great and growing fine. If you ask me, when we were growing at 20%, I’d be telling you, I wish we were growing faster.”

What Remains Unclear: A judge has now approved the combination of Paramount Skydance and Warner Bros. Discovery. Yet Sarandos says it’s too early to measure the threat. Additionally, Netflix is courting YouTube creators, but he insists it isn’t entering the user-generated content business. Also unclear is whether live programming can reverse 2026’s engagement slowdown.

What It Means: Ultimately, Sarandos remains bullish on the business despite slower growth. Its pitch to creators rests on multiple revenue streams, unlike largely ad-funded YouTube. Still, Sarandos won’t risk undercutting the core product with a free, ad-supported tier. Instead, Netflix appears to be betting on live events and select creators to reignite growth.

Barrett Media produces daily content on the music, news, and sports media industries. Sign up for our newsletters to stay updated and get the latest information right in your inbox.

ESPN Reaches Multi-Year Extension To Carry TGL

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ESPN will remain TGL’s home for years to come. TMRW Sports has renewed its carriage deal for the tech-based indoor golf league, which starts its third season in December.

What We Know: According to a report by Sports Business Journal, TGL’s first two seasons aired across ESPN networks, including ABC. Similarly, that arrangement should continue under the new multiyear pact. Season 3 begins Sunday, December 27, and last year’s opener also aired on a Sunday afternoon on ABC.

What’s At Stake: Despite a 2% drop in viewership from year one to year two, the multi-year agreement was reached with hopes for a rebound in year three. The TGL events feature some of the most high-profile names in golf, and averaged 488,000 viewers across its 2026 season.

What Remains Unclear: TMRW hasn’t released a broadcast schedule, though the full Season 3 slate should arrive later this month. As a result, it’s unclear whether Brooks Koepka, Tiger Woods and others will return for another season. The star power of TGL is what led to increased viewership. For example, last year Woods’ presence drew the highest viewership ahead of the four-match playoff which averaged 618,000 viewers across ESPN and ESPN 2.

What It Means: Ultimately, ESPN locks in a property with late-season momentum from an impressive playoff viewership perspective. The league is driven off the unique way in which it presents the game. More arena and party over the quiet and prestige of the traditional game. Moreover, the renewal follows WTGL’s carriage deal with ESPN and Scripps Sports-owned ION.

Barrett Media produces daily content on the music, news, and sports media industries. Sign up for our newsletters to stay updated and get the latest information right in your inbox.

Why Pardon the Interruption’s Lack of Social Media, Promotion Is Both a Problem and a Strength

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Later this month, Pardon the Interruption turns 25 years old. The long-standing, format-defining sports debate television program has crafted a legacy that few shows on the network have been able to achieve. It’s a program that has stayed true to its roots regardless of the industry’s trends. Informed opinion. Timed discussion. The concept of keeping the audience in tune with what’s up for discussion now and what’s to come. Plus, two dynamic personalities who never had to manufacture chemistry on screen.

Despite its continued success as appointment television becomes increasingly extinct, Michael Wilbon told Jimmy Traina that he doesn’t pay attention to viewership figures. Instead, what he does pay attention to is what he doesn’t see from the network that employs him: promotion, social aggregation, and support in a digital economy.

While I understand Wilbon’s “rage,” as he called it, toward ESPN, he’s also not looking at the other side of the coin.

Appointment Television

The concept of appointment viewing in an on-demand world has become limited to very few programming options. Obviously, live sports sits at the top of the viewership pie. According to Nielsen’s year-end rankings, 96 of the 100 most-watched telecasts last year were games, with 92 of them coming from football.

Because of shifting habits in how people consume programming, clip culture and promotion are more vital for growth than ever. Viewers can experience moments from a program without making the effort to sit down and watch their favorite shows when they air live.

At ESPN, many of the network’s programs have embraced this approach. Everything from topical discussions to interviews to off-the-wall moments that never make it to air can be captured specifically for social media.

Pardon the Interruption hardly participates in the clip-culture party.

Every show includes anywhere from 10 to 20 different topics, with most discussions lasting two minutes or less. There’s also a five-minute guest interview most days focused on the most topical sports story of the afternoon. The interviewers are seasoned, professional journalists who do their homework and understand what makes for a good question for the viewing audience.

Getting Digital

You would think a show that carefully times out its content would be an easy operation from which to produce several, if not dozens, of clips for social and digital consumption. But it’s not.

In fact, most PTI shows barely have a clip posted to the official show X account on a daily basis. The show’s official Instagram page has gone extended periods without posting a clip. YouTube offers little additional support for the program.

“If anybody called me from the people who deal with clips or social media, they dare not find my number. My ears would be singed at this point. I’m not upset. I rage, and happy to rage,” Wilbon told Traina.

He’s not wrong.

Get Up, The Pat McAfee Show, First Take, The Rich Eisen Show, Big Day, and the programs produced by Omaha Productions receive the kind of digital attention that PTI simply doesn’t. But here’s why that might work to the show’s benefit.

Sticking To Your Roots

Since 2001, the show has established a foundation and never strayed far from it. It’s a program that defines an era of sports debate. Not because of the characters on screen, but because of the depth of perspective and chemistry that attracted an audience. Kornheiser and Wilbon have never shied away from bringing their columnist sensibilities to the desk to inform, entertain, and make people think.

For nearly 25 years, the ESPN audience has known that at 5:30 p.m., it’s time to tune in. So, why allow the program to give away its main attraction to an on-demand audience?

PTI has always chosen to be different from everything else on ESPN, dating back to the moment it first hit the airwaves. It has continued to resist changing its core formula despite trends within the industry and within the network itself. So, why change now?

The show’s continued audience is a testament to its staying power. PTI has remained one of ESPN’s established daily programs because viewers know where to find it and what they’re going to get when they arrive. That doesn’t mean ESPN shouldn’t promote it. In fact, that’s where I think Wilbon has a legitimate point.

Still, PTI’s resistance to the industry’s obsession with virality may also be part of what makes the show special. The show isn’t meant to go viral or be trendy. It’s Tony and Mike. Thirty minutes of your day. That’s all it ever needed to be, and that’s all it continues to be.

Twenty-five years is a long time. Longevity breeds familiarity and connection. Kornheiser and Wilbon are throwbacks. They’re not hot-take artists. They’re seasoned communicators whose experience, reporting, and perspective drive the conversation.

The formula is simple: Two respected voices. Intelligent conversation. Authentic chemistry. Thirty minutes. That’s why audiences still make time to watch.

Earned Audience

I can understand why Wilbon shared his “rage” regarding the promotion and lack of social engagement with the program. He’s seeing the headlines. He’s seeing the personalities who trend and the moments that go viral from time to time. But Pardon the Interruption never needed to become what other shows on the network are trying to become.

It planted its flag a long time ago and continues to earn an audience because of its resistance to change, not because of it. As much as I respect Wilbon and Kornheiser, that’s the other side of the coin. They should be celebrating the fact that they developed and reinforced a program that has found success primarily through the two personalities sitting behind that desk.

The chemistry, credibility, and consistency have carried PTI for nearly a quarter-century. Because sometimes the smartest programming decision isn’t finding the next big thing. It’s not adding another layer of promotion. It’s not even mining programs for moments or crafting segments specifically for social media.

Sometimes, it’s recognizing when you’ve already built something people refuse to abandon. That’s the legacy Pardon the Interruption has built at ESPN 25 years later.

Barrett Media produces daily content on the music, news, and sports media industries. Sign up for our newsletters to stay updated and get the latest information right in your inbox.

Joe Pags Explains How He Built a TikTok Following of 1.1 Million

He’s not a talk show host, a news anchor, or a content creator. If you ask KTSA’s Joe Pags, he will tell you, “I consider myself a broadcaster, and that covers every single medium I choose to jump into. Luckily, with hard work, I’ve been able to succeed at just about all of them.”

With 1.1 million followers on TikTok alone, and hundreds of thousands more on other platforms, the self-proclaimed “older conservative guy with gray hair” is proud that not all his social followers know about his other gig hosting radio. “I’m cool with that because they’re getting a product or a person or a thing that they now relate to and they want more of that thing.” Pags added, “It means that the tentacles and broadcasting for me have gone well beyond radio.”

From TV to radio and now social media, Pags is a master of all things broadcasting, but expanding his social media reach wasn’t on his radar until recently. “[Three years ago] I was spending a lot of time every single day putting stuff up on social media that wasn’t doing anything. I didn’t have a TikTok yet.”

Pags noted he wanted to “hunker down and figure out why I wasn’t succeeding.”

Cracking the Social Media Algorithm

Pags gave himself 3-6 months to figure it out and had a plan: “If it’s not successful, I’ll just ignore social media. Screw it. I’ll just do radio and my TV hits or whatever else I’m doing. But what I found was when I started doing really good hooks and started doing really interesting stories and started promising great video, then people started really getting what I was laying down.”

His larger-than-life personality, combined with his TV experience, made it easy for Pags to jump from mic to socials… once he figured out the algorithm. “I realized that you’ve got one to two seconds to make [the audience] not swipe; that’s when I started really honing in on that first one to two seconds to make them stay.”

He went from a handful of views to hundreds of thousands. His top viral video hit nearly 12.1 million views. “My most viral video to date is a video that I did on Kamala Harris when she was running for president. She sat down with the Philadelphia ABC affiliate and she kept on saying that she’s from a middle-class neighborhood or she grew up in a middle-class household. She just kept repeating herself, almost ignoring what the questions were coming from the guy.”

A Simple Formula That Works

The structure of Pags’ videos is simple, and no crazy edits are needed. “Generally speaking, I’ll come out. I’ll set the hook. I’ll show the piece of video with me, you know, making faces, watching it. And then at the end, I’ll do sort of a close. And that one went absolutely nuts.”

There is more to it than just a few edits and his opinion. Pags admits, “The platform decides ultimately who sees my stuff and gives them a chance to like it or not like it. The platform wants the people who are on it to stay on it and if people see my video and they stay for a minute or two minutes instead of for two seconds, the platform wins through advertising and through everything else.”

Pags affirmed, “Once I started really understanding that that first one to two seconds is what makes them stay, then I was able to just sort of churn it out and do it like an assembly line.”

Embracing an Audience That Doesn’t Know Him

Today, some of his favorite messages from followers are “You should think about doing radio. You’ve got a great voice.” With nearly 40 years in the business, it’s both humbling and funny to Pags that his newer, younger audience “have no idea who I am.”

The radio legend put a lot of thought into people not knowing him and decided, “This person doesn’t know what I do, and that is so great because now there’s an opportunity for me to make this person seek out other stuff that I do and hopefully subscribe here or tune in every day.”

Pags went on to say the typical “knee-jerk reaction in the business is to debate the person: ‘Why don’t you know who I am?’ But at the end of the day, I’m glad that they don’t have any clue who I am. It’s a real benefit.”

Advice for Radio Broadcasters

It’s a benefit because he can now bring people from social media to tune in to his show or his YouTube channel. It also allows him to have a wider reach than the market he touches, a positive for anyone in the industry.

“I think anything that for anybody who’s in radio, anybody who’s in one broadcast outlet that isn’t doing social media, here’s a little advice. Be a broadcaster. Don’t be a one-trick pony. Don’t act like that audience is beneath you or above you or too technically savvy for you.”

He believes he is the greatest example of this mentality because “I’m a 60-year-old conservative guy and I’m doing very, very well on social media because there is an appetite for what it is that we do.”

He elaborated, “When you pigeonhole yourself and decide this is what I do three hours a day, I do nothing outside of that, you’re going to wake up in 5, 10 years and realize you’re behind the eight ball. And catching up is going to be very hard.”

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The Mens Room: KISW’s Listener-First Show Makes Callers the Star

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The Mens Room was born out of a firing, a noncompete, and a lot of patience.

Miles Montgomery lost his Baltimore morning show job when his station flipped formats overnight. Meanwhile, Steve “The Thrill” Hill was building a show at the city’s sports station with Ted Smith, a former intern he simply thought was funny. Their boss, Bill Pasha, wanted all three together — he just had to wait out Miles’s noncompete first.

When the trio finally met, it was at a bar. Steve laid his cards on the table right away, and Miles didn’t flinch. “That was 21 years ago,” Steve said. “And we’re like, ‘Cool.'”

In 2005, the show headed west to Seattle. Now, more than two decades later, The Mens Room remains an afternoon institution on 99.9 KISW.

Listen to all three talk about how they got there, though, and one thing becomes obvious. The show isn’t really about them. It’s about whoever is on the other end of the phone.

The Caller Is the Star

Ask Miles to explain The Mens Room, and he doesn’t start with the hosts. He starts with the audience.

“The caller is really the star of our show,” he said. “The people are the star, and we set them up that way. That’s the whole idea.”

For Miles, that philosophy means the show is always out in the community, even when the hosts never leave the building.

“We incorporate the listener into our show so much that we’re on the street even when we’re not,” he said. “We’re talking to everybody all the time about whatever it is we’re talking about, which I think is the best part.”

“Sometimes it works, sometimes it doesn’t,” Miles said. “Sometimes you get callers, you’re like, ‘What is this?’ And other times you just get absolutely incredible stories from people who have had great life experiences.”

Steve added the other half. “Or really f***ed up life experiences,” he said. “But it still translates to a great story to listen to.”

Getting Off the Highway

So how do you turn a random caller into compelling radio? Miles described it like a road trip. The topic of the day is the highway. The listener’s story is the exit ramp.

“A caller might call up with whatever the topic is, but if they veer off a little bit on a really interesting thing, f*** it, we’re getting off the highway,” he said. “You were deployed six times, or whatever the deal is. Now that is something we want to talk about. Then we’ll get back on the highway with the next caller.”

That, Steve argued, is interviewing — just without the celebrity.

“It actually hones your interview skills,” he said. “They always talk about getting interviews, and Miles always says it: that’s all we f***ing do. It’s just not with people you’ve heard of before. So when you can take someone no one’s heard of, by the end of that phone call everyone’s now interested in this person because you just asked them the right questions based on the info they’re giving you.”

“The typical statement is radio interviews don’t work. People don’t like interviews,” Miles said. “We interview people for two and a half hours every day. That’s what we do.”

Steve boiled it down even further. “Don’t ask the same dumb f***ing questions, and you get better answers out of people.”

Nothing to Lose

That freedom started with uncertainty. The Mens Room arrived in Seattle on a short deal, landing on an all-male-targeted station following Tom Leykis, who dominated the market at the time. Nobody knew if a Baltimore show would translate.

Steve said that uncertainty became an advantage.

“It almost makes it nice,” he said. “Look, guys, we don’t know how people are going to accept us, and I don’t care who you are, you can never predict that. So let’s just do what we want to do. We’ve got nothing to lose. We don’t figure we’re going to be here long, and then it turns out people really liked it.”

It wasn’t instant. When the show moved to KISW, Ted admitted the first six months were brutal, with longtime rock listeners grumbling that the station had become “the talk of Seattle, not the rock of Seattle.”

Stupid Works

Early on, the guys learned their audience would follow them almost anywhere.

A few months after arriving, they announced a mustache-growing challenge — years before Movember — and invited listeners to an Irish pub in Fremont. They expected a handful of people. They got a line around the corner and a clear lesson.

“Once we did that, we were like, ‘All right, we’re onto something,'” Steve said. “There was no discount on the beer. But the fact that that many people showed up, it’s like, okay, stupid works, and we’re really good at stupid.”

For years, the show barely needed official events at all. “We would just say, ‘Hey, we’re going to so-and-so bar after the show,'” Steve said. “Five hundred people would show up.”

Today, those gatherings are more likely to be live broadcasts tied to a new Mens Room beer from Black Raven Brewing. The point hasn’t changed: put the listeners front and center.

“We Are Social Media”

Steve doesn’t sugarcoat the show’s approach to digital outreach. Their bosses have told them they do “the worst social media ever.” He doesn’t lose sleep over it.

“My thought is always: if what we do does not generate new listeners, then what’s the point of doing it?” he said.

Miles took it a step further. Social media, he believes, should always point back to the show.

“No one gives a f*** if I’m at a concert,” he said. “But if it’s a clip from the show, if it brings you back to the show, then to me that’s the ultimate use of social media and radio. It all comes back to center. If we don’t have listeners, we don’t have a show.”

Then he made his case for the medium itself. “We are social media. That’s what radio is,” Miles said. “You interact with us, we interact with you. We like your comment, we think it sucks — either way, it’s social media.”

A Beer for a Good Cause

That relationship with listeners extends to the show’s charity work. Proceeds from Mens Room beer, sausage, and salsa benefit the Fisher House, which provides housing for military families during medical treatment.

The partnership started with a simple question. Ted’s father was a Bronze Star-winning Vietnam veteran, so when the show needed a charity, Miles told him to ask his dad.

“He goes, ‘This Fisher House is really good. They give all the money back,'” Ted said. “But you don’t have to run a 5K. Just go down to Black Raven and drink a beer. Part of that’s going to the Fisher House. It’s much easier for the fans to be involved and help vets.”

Steve, naturally, had his own endorsement. “You hurt yourself in a way that you enjoy hurting yourself,” he said. “The hangover beats being sore.”

Radio’s Fine

As for where radio is headed, Miles isn’t worried. “The sky’s been falling since we got it,” he said.

Steve kept it even simpler. “Radio’s fine,” he said. “Just entertain people.”

After 21 years in Seattle, that’s The Mens Room’s formula in a sentence. Put the listener at the center. Ask better questions. And trust the audience to show up.

They always have.

Barrett Media produces daily content on the music, news, and sports media industries. Sign up for our newsletters to stay updated and get the latest information right in your inbox.

How John Canzano Saw Sports Media Changing and Built Something Different

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The journey from traditional to independent is different for anyone who’s made the trek during their sports media career. Some choose to enter the arena hoping the brand they’ve built will appeal to an audience, while others are forced into independence through corporate cost-cutting. John Canzano’s journey began with an inquisitive eye and an ability to recognize the trends shaping the industry. Cuts were always coming, but the appetite for content remained just as strong.

“The content itself is what drives this industry,” says Canzano. “What I saw was my brand was increasing and having deeper penetration with readers and listeners. All while I was watching the industry struggle to connect, because in a lot of ways, the consumer was saying, ‘I don’t have time to consume everything I want from all these outlets. I just want to follow a person.'”

For more than two decades, Canzano was a commanding voice for sports in the Pacific Northwest. As the lead sports columnist for The Oregonian, Canzano fueled sports conversation and built a following through the printed word. In 2006, Canzano took his written voice to the radio, beginning as host of The Bald Faced Truth sports radio program with Alpha Media’s 750 The Game.

For years, Canzano balanced both roles, utilizing each medium to build his brand around in-depth analysis and opinion surrounding collegiate sports. But with time came signs of consolidation in both industries, beginning with his departure from The Oregonian in 2022.

“I knew I was in a good place, but the place I went to work for 20 years earlier was gone. But my content was more important than ever. So, I told my editor I no longer need you. She agreed,” said Canzano. “It was that moment when it became obvious that I needed to go on my own.”

The Path Of Independence

Canzano departed The Oregonian in search of independence and a platform that could house his brand. With his radio show remaining, he began figuring out how the connection between reader and writer could continue to be served.

After several conversations and some investigation, Canzano launched his branded The Bald Faced Truth on Substack in March 2022. While he was unsure at the time what the response would be, the immediate reaction made his decision instantly worth it.

“The immediate affirmation came when so many people subscribed on day one. My eyes became glassy because people understood what I was trying to do,” notes Canzano. “The messaging so often was people read you because you’re in the newspaper. Now, we know differently from the success of independent media. That’s not exactly true. We know the audience is dedicated to the content creator.”

The emotions of those first steps, Canzano says, matched what his conversations with small-business owners had told him they would be: a mix of terror and happiness. It was a roller coaster of ups and downs, with support from longtime readers and former editors who cheered on Canzano’s success from afar.

“There’s a lot of elements you have to learn about driving an audience toward your content. But ultimately, if you give people the goods, they will keep coming back. They will trust you and support your entrepreneurial spirit,” said Canzano. “There’s so much mistrust of media lately. More people are being discerning about what media they want and trust. You have to have a dedicated audience, but I had a 20-year head start with growing an audience while being on radio.”

Because of his efforts, The Bald Faced Truth with John Canzano is currently the No. 1-ranked Substack in the sports category. The outlet continues to provide the same high level of coverage Canzano brought to his readership at The Oregonian while also providing an opportunity for readers to interact with him directly.

Adapting The Process

After finding success by evolving his written content, Canzano began wondering if the same approach could apply to his sports radio program.

“I was entering the last year of my contract, and I sort of made my mind up,” explained Canzano. “Could I do this in radio? Could I duplicate what I did with my written work with my radio program?”

With his experience in the newspaper industry, Canzano saw the same signs of consolidation on the wall in radio. When Connoisseur Media completed its purchase of Alpha Media in September of last year, Canzano says the new ownership group was never interested in keeping his services.

“Alpha had a very different feel. It was built by people that wanted to go live and local. I wouldn’t have stayed 20 years with Alpha if they weren’t good people who were trying to win,” said Canzano. “But when Connoisseur came in, it was about the bottom line. They never talked to me. So, it was evident to me they didn’t know what they were buying.”

Despite his contract running through the end of June 2026, Canzano says he reached an agreement with Connoisseur Media to leave his radio program in December of last year.

“They knew I wasn’t extending. They didn’t want to extend me. I didn’t want to be there. I probably would have ridden that out until June out of loyalty to my audience. But they told me I was free to go, but I couldn’t do radio until July 1. That gave me six months to plan, and it was a real blessing,” explained Canzano.

Creating Syndication

During that six-month period, Canzano took the same approach he used to create his highly successful Substack. Eventually, he launched a YouTube show and secured sponsorships through relationships he had built with several clients, including ADIDAS. But this time, YouTube wasn’t enough for Canzano when it came to distributing his audio content.

“I studied what Dan Patrick did. I looked at what other syndicators did and talked with syndication companies like iHeart and Audacy. Any time I heard the same sort of thinking, I shut down. I didn’t want to go down the syndication route unless it was different and new,” explained Canzano.

Through conversations and bouncing ideas off peers he respects, Canzano developed a content concept that offers benefits for both talent and affiliates.

“I’m not interested in bartering or splitting commercial breaks. I want these stations to be successful and win because I need them to win. So, they keep all the commercial time to sell themselves, except I get to sell into my own content,” explains Canzano. “That way, I’m monetizing the show itself. The stations aren’t paying a fee or splitting commercial breaks. And they get unique content for their dedicated audience with a show that stands on its own.”

Because of this arrangement, Canzano found an avenue to pare down his radio show to a one-hour program for affiliates throughout the Pacific Northwest. He then applied that same concept to television by licensing his YouTube program to the NBC affiliate in Portland. In less than a year, Canzano took the principles he developed while building a Substack and applied them to find success and a second act in both television and syndicated radio.

The result is a trusted name delivering relevant content for audiences, even when that content is personalized for specific markets.

“The feedback I got has been my show isn’t a typical syndicated show for anyone. This show sounds like it’s for us. That’s where the connection is different and goes a long way to connecting the audience,” said Canzano. “I’m fairly early in this. But you have to continually evolve, thinking about what’s next. For now, it’s working for me and all the affiliates, and they want to continue taking it.”

Thinking Different For Yourself

Instead of focusing on the challenges facing the industries where he worked, he chose to think differently. He embraced the idea of being bold, considering every possibility to strengthen his connection with an audience whose consumption habits continue to evolve.

“We often think about beating the guy across the street, but there’s a lot of fear within the walls. They’re afraid for their jobs and change. A lot of the people making decisions are thinking about retirement. So, they’re not thinking about the next 15 years; they’re thinking about the next 15 weeks,” explained Canzano. “This industry is in a race to die slowly. We have to stop thinking that way and start reinventing.”

For Canzano, independence was never about walking away from sports media. It was about refusing to let a changing business model dictate how he connected with his audience.

The newspaper changed. Radio changed. The economics of both industries changed. Rather than waiting for the next corporate decision to determine what came next, Canzano took control of the one thing he could control — his relationship with the audience.

That approach has allowed him to turn a two-decade career built inside traditional media into something that exists beyond any single newspaper, radio station or television network. The platforms may continue to evolve, but the connection remains the constant.

The future of sports media isn’t necessarily about preserving what worked in the past. It’s about recognizing where the audience is going, finding a way to meet them there and having the courage to build something different.

For Canzano, the next chapter isn’t about waiting to see what happens to the industry. He’s building his own path through it.

Barrett Media produces daily content on the music, news, and sports media industries. Sign up for our newsletters to stay updated and get the latest information right in your inbox.

Is Spotify’s Muse Agent the New Music Director?

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Back in the early ’90s, I sat in the office at 99X in Atlanta. There, I watched record labels filter in to pitch whatever songs they had. Back then, it was pretty simple. In other words, music discovery meant getting your song on a radio station and exposing it to thousands of people.

Since then, music discovery has changed a lot, and it continues to change as we move forward. But here’s what’s real: there’s far more new music out there than ever before. As a result, cutting through is only going to get harder. That doesn’t make radio obsolete. In fact, it makes it even more valuable. Still, with Spotify now working with Meta’s new Muse agent, it’ll be interesting to see where this takes us.

Muse Is Programming Dayparts

For starters, Muse can play music on Spotify, save songs to your library, and build and name playlists. It can also help you find new artists, podcasts and audiobooks — all through a conversation. On top of that, it can schedule your listening. Heading out for a 7 a.m. run? Muse starts your workout playlist. Got an hour blocked on your calendar for focused work? Then it cues up your focus playlist. Planning a road trip? In that case, it builds a playlist inspired by your destination and starts it when you hit the road.

Once again, it’s the argument I’ve made before: the DSPs are becoming more and more like radio stations. Come on — this is just another example of dayparting.

Now, instead of a program director or music director, an AI agent like Muse helps you discover music. That seems a little cold to me, but we’ll have to see.

Discovery on Autopilot

Back at 99X, music director Sean Demery and I would periodically head to the local mall and the record store. Once there, we’d dig around and see what they were doing. I’d also spend time listening to WRAS, Georgia State’s radio station and my old college station. With any luck, I’d fish something out. Every so often, we’d find something. When we did, we’d bring it back to the music meeting. From there, everybody could discover it and decide whether we were going to play it.

So it wasn’t all record labels feeding us what to play next. Instead, we were getting adventurous and looking for new music.

So here’s the question. Without a record store or college radio station to fish in, where is Muse digging for something new? And how does this all work? It seems like a bot that knows me but probably greatly underestimates the weird stuff I listen to. Then again, technology has a way of figuring that out, too. Frankly, it’s all a little bit terrifying.

Who Do You Pitch Now?

Clearly, you can see the gradual evolution here. At first, the gatekeeper was a radio station. Then it became playlist curators and editors. Now it’s becoming Muse. So the question is, how do you influence Muse? For now, we’re going to have to see how this all plays out.

Just Another Venue

That said, I don’t think this is the cataclysmic end of music discovery. Rather, it’s just another venue. You can still see a band open for another band and get turned on to them. Likewise, your friend down the street who’s a music head might turn you on to something. Of course, radio is professionally curated by somebody who, hopefully, listens to a lot of music. That’s not true of every brand, so pick your flavor. But there are still plenty of radio stations out there that can bring the noise. After all, it’s not all homogenized. Or there may be some other source you grab tunes from. Either way, this certainly opens a new pathway to influence your decisions.

These are truly uncharted waters, and we’re going to have to dive in. Admittedly, knowing that Meta, the 800-pound gorilla, has teamed up with Spotify can be a bit daunting. But this is music discovery in the modern age. We can’t deny it. Instead, we just need to embrace it and understand it on a professional level. On a personal level, however, that’s up to you.

Barrett Media produces daily content on the music, news, and sports media industries. Sign up for our newsletters to stay updated and get the latest information right in your inbox.

News/Talk Radio vs. Social Media: Why We Have to Win the Race to Breaking News

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Social media is killing news/talk radio on immediacy, and there are several factors leading to this. I am going to give you some old-man takes, some modern conundrums, and ways to address them.

One of my goals in these little columns is to identify problems that we all experience in news/talk radio and try to find some solutions for our challenges. My ideas may not be perfect, but hopefully these thought starters will allow you to build and innovate.

You get a call at the station about a shooting at a gas station outside of town. You can’t go on the air with that anonymous information. But there is likely a social media account in your community that is going with the story.

Your station’s news anchor on duty calls the cop shop, and you are informed that the public information officer will call you back tomorrow. This is a real scenario. Now, is that social media account correct? Sometimes yes, but oftentimes the answer is no. What are we doing as an industry? Does the anchor prerecord the next newscast and drive to the alleged site of the shooting?

Depending on the distance, that may be a bad idea. Do you run with the social media reports of that shooting? No matter what you do, it is a no-win for your station’s credibility. TV is suffering through this problem as well.

We live in an on-demand world. People expect immediate information, and with their cell phones, they can get it. So, I have attempted to do some things with limited success. If you speak with your local and state officials, they constantly bitch about independent journalists.

Government Communications Can’t Keep Up

Sadly, the rise of independent journalists has several indicting factors that no one seems to want to address. Most government communications people with media experience come from newspapers or TV. The newspaper people took decades to adjust to an online world, and the former scribes working for our government institutions are not living in the reality of the public’s expectations of immediate information. The TV people are a little better, but their DNA is focused on 5, 6 and 10, or 11 if you are in the Eastern time zone.

It’s about immediacy. I have gone out of my way to meet with local officials privately. These meetings have been totally off the record. Every government official I have met hates these faux journalists, yet they don’t want to address the issue.

One of the communities that one of my stations covers has bulked up its communications department. 30 people are now in the business of letting the public know what is going on. Since this commitment to information began, my radio station has received the same level of service.

Now, I met with the communications leader for lunch, and he thought that in-the-moment communications from the city were unrealistic. The last time there was severe weather or a community emergency, did you tell your boss that it was unrealistic to come into the office to broadcast the latest information? Hell, I run into the office on those occasions, and you probably do as well.

Public Safety Is Built on Immediacy

So, public safety is built on immediacy. If there is a crime scene, an evacuation of a mall, a big accident, or a road shutdown due to a fire, the public needs to be informed quickly. Working off calls from listeners is fine, but we recently had a huge accident on a main interstate. We could not confirm it on state cameras, so my news anchor called the highway patrol at 7:15 in the morning. He was informed that only the public information officer can share that information and that the individual would be in at 8:30.

So, we were trying to broadcast accurate information, and we were stuck with listener accounts. We kept asking about mile markers and received several different locations for the same accident. The morning drive news anchors on my stations have decades of experience in their communities and continually run into roadblocks like this.

The social media people don’t have the ethics that we do our level best to follow. This is a huge problem.

A Better Approach for Public Information Officers

Perhaps you have a smarter tactic than I do. I have found that a large number of public information officers want to share complete information. This is great, but if there is a disturbance downtown with a report of shots fired, immediate information is key. The statement from the police department is easy enough to share.

The PIO can release a statement like this: “Several reports of potential shots fired around 9th and Walnut. Officers are at the scene, and information will be released as it is collected and confirmed. Please avoid the 9th and Walnut area for the next three hours.”

This is much better than releasing a statement nine hours later, with misinformation flooding the market from social media in real time.

Radio Is Essential When Everything Else Fails

One of the expectations that we have in news/talk radio is being connected to our communities. News/talk radio is expected to be connected to the latest information in our city, state, nation and world. Obviously, we can’t be everywhere all the time. I am big on building commonalities. I try to find the things that connect us to each other. Speaking with policymakers makes a lot of sense. This is a job for the program director or news director, depending on your situation. Explain the problem and offer your platform to help the city and state. We do this all the time.

Considering the speed of email and texts, we should have the information in real time. Technically, our broadcast license mandates that we serve the public. I was in New York City during Superstorm Sandy. There was limited cell phone availability, and the internet ran into issues. Radio was it. The simple transistor radio was key.

I am guessing that during recent natural disasters in North Carolina and the fires in Malibu and the Palisades, radio was the only option as well. We are essential. Radio’s connection with our leaders is so important.

Barrett Media produces daily content on the music, news, and sports media industries. Sign up for our newsletters to stay updated and get the latest information right in your inbox.

Today’s Position in the Bitcoin Cycle 2026 and What Comes Next

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The Bitcoin price cycle continues to be one of the most referenced notions in long-term market analysis. As interest in BTC changes before and after each halving event, awareness of where Bitcoin is currently positioned within its four-year arc is critical for seasoned and recent traders alike. 

With an increasing number of people looking to find out how to buy Bitcoin, cycle analysis is a valuable tool for gauging market direction and uncertainty. This article analyzes the four-year cycle structure of Bitcoin, compares historical data, examines previous cycles, and reviews the current situation, with a look at the next cycle post-2026.

What Is the Bitcoin 4-Year Cycle?

The four-year Bitcoin cycle is a market model that recurs and is consistent with Bitcoin’s supply. At heart, it is the halving event that happens approximately every four years, thus limiting the number of new coins that will circulate in the market. This periodic supply shock is one that, historically, accompanies periods of expansion, rapid growth, and eventual market corrections. Although the cycle is not an accurate prediction framework to look at, phases and their trends also enable traders and investors to forecast how a market will behave in the long run and identify where opportunities lie at the time of accumulation or expansion.

The Halving Phase

The halving phase marks the beginning of a new market cycle. As a result, Bitcoin’s block reward is halved during this event, decreasing the opportunity to create new coins and introducing supply pressure. This has historically helped push changes in market sentiments and launch bullish trends in the long term. Readers who wish to delve deeper into this mechanism should find the Paybis guide on what Bitcoin halving is to be an amazing resource. After every halving, Bitcoin typically goes through some stability followed by expansion.

The Expansion Phase

After halving, Bitcoin generally enters a gradual expansion phase. The demand grows, trading activity rises, sentiment improves, and initial bullish activity develops. It is at this point that institutional interest generally goes up again, and prices tend to rise alongside the overall confidence in the market. The expansion phase is typically seen as the beginning of a bull market.

The Euphoria Phase

The peak of the cycle comes during the euphoria phase, a time when prices accelerate, retail activity is high, and FOMO (fear of missing out) is at a high pitch. The media gives Bitcoin more attention, new investors pour into the market, and prices often hit record highs. But this phase usually doesn’t last that long and tends to be followed by rapid and sharp corrections.

The Correction & Accumulation Phase

Bitcoin tends to undergo a correction once it reaches a peak level and can thus accumulate over a long period of time. During this time, prices decline and consolidate as the market resets again. That’s a time that many long-term investors use to build up BTC at more favorable prices. This stage lays the groundwork for the next four-year cycle.

Historical Overview of Bitcoin Cycles (2012-2024)

Historical data on Bitcoin cycles helps us get insights into existing market trends. A similar rise-peak-correction pattern is observed in all cycles, but macroeconomic environment, regulation, and new inventions also influenced each period. Up to now, we’ve seen four complete Bitcoin cycles, driven by halvings in 2012, 2016, 2020, and 2024, which we will review below. 

2012 Halving (2021-2016)

The price of Bitcoin soared after the 2012 halving, hitting a new high during 2013 before going through a major correction throughout 2014. That lasted until 2015-2016, when the market started to consolidate in advance of the next halving.

Python code for the graph design was partially generated and refined with assistance from a large language model, Gemini (Flash 2.5) by Google.

2016 Halving (2016-2020)

This cycle was buoyed by rising retail interest and global media attention. After the 2016 halving, Bitcoin moved into an aggressive period of expansion and reached its best high on record in 2017, peaking at about $20,000. This surge was partially a result of the blockchain’s increasing retail adoption. Then, the market spent much of 2018 and 2019 refining and consolidating. 

Python code for the graph design was partially generated and refined with assistance from a large language model, Gemini (Flash 2.5) by Google.

2020 Halving (2020-2024)

The next cycle was shaped by macroeconomic uncertainty, pandemic-related economic policy responses and financial measures, as well as institutional investment. After the 2020 halving, Bitcoin hit the peak (ATH) in 2021 and fell sharply through 2022-2023. Market stability and interest returned in the second half of the cycle. 

Python code for the graph design was partially generated and refined with assistance from a large language model, Gemini (Flash 2.5) by Google.

Where We Are in the Bitcoin Cycle in 2026

In 2026, there are some signals that Bitcoin may be moving from the early expansion phase toward a broader growth stage in the cycle. There is a higher price structure in the lows and strengthening of long-term support. On-chain indicators, accumulation of long-term holders, and declining exchange balances signal diminished selling pressure. 

While cautious, market sentiment has gradually risen as institutional activity expands and the international appetite for digital assets continues to grow. Traders’ forecasts of Bitcoin’s future are changing; the traditional cycle in Bitcoin is becoming less reliable with maturity in the market and a greater role for macroeconomic influence. The four-year cycle remains a useful model, but few see it as a rule and more as a guide.

Long-Term Outlook Beyond 2026

Current information suggests that as long as demand for Bitcoin is strong and supply remains constrained, the potential for continued upward momentum is warranted. Long-run growth could also be boosted by institutional participation, regulatory clarity, and broader adoption of blockchain technologies. 

On the other hand, policy changes, economic shifts, and risk-off environments might mean lengthy consolidation timelines. Predictions, while not certain, seem to show a tendency for the value of Bitcoin to rise in the long run, even if it is highly fluctuating.

Final Thoughts

For Bitcoin, 2025 has been a period of transition, shaped by historical trends and new dynamics that continue transforming the cryptocurrency ecosystem. Investors can better identify what might influence Bitcoin’s next main market movement by looking at halving events as well as expansion stages, previous ups and downs, and corrections. 

Though no model is ideal, the Bitcoin cycle is a valuable resource in analyzing long-term trends and making informed decisions. For readers who are looking to break into the market, Paybis and similar providers offer accessible options for buying Bitcoin while keeping you informed through educational content and transparent pricing.

Ynon Kreiz Named Co-CEO of Combined Paramount Skydance, Warner Bros. Discovery

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Ynon Kreiz will join the combined Paramount Skydance and Warner Bros. Discovery as co-CEO on October 5th. David Ellison will remain Chairman and CEO as Kreiz takes on the new leadership role.

What We Know: Kreiz will become co-CEO when the Paramount Skydance and Warner Bros. Discovery combination closes. Meanwhile, Ellison will retain his Chairman and CEO title, with the two executives splitting responsibilities across the new company. Kreiz joins after serving as Mattel’s Chairman and CEO since 2018. Before taking over Mattel, he served as Chairman and CEO of Maker Studios and Endemol Group.

What They Said: “Bringing together Paramount and Warner Bros. Discovery to create a next-generation global media company is a transformational moment for our industry. Leading it takes a rare combination of strategic vision, operational depth and experience running a public company at the highest levels of media. Ynon brings all three.

“In Ynon, I’m adding a partner with strong leadership and the operating firepower this integration demands. It’s a division of labor built on our complementary strengths, with clear reporting lines and it lets me focus where I can contribute most: long-term strategy, the company’s overall creative direction, talent relationships, strategic partnerships, technology and capital allocation. We’re like-minded, we see this business the same way and there’s no one I’d rather partner with. Together we’ll build one integrated company that is creator-first, tech-forward and built to scale globally.” -David Ellison

“I’m excited to partner with David to build the next-generation media and entertainment company — bringing together premium content and iconic brands at the highest quality and scale, serving global audiences across every entertainment vertical and distribution platform. David is a unique talent and executive: a rare blend of business acumen, creative instinct, and clear vision. I very much share that vision, and I’m inspired by what we can accomplish together.

“The industry is at an inflection point, demanding evolution, investment, and a willingness to rethink business models. I look forward to working with the leadership team to build a cohesive global entertainment platform — one that stands out with best-in-class operations and execution powered by technology, with unparalleled creative relationships, production capabilities, and global reach. We will continue empowering creators, make this company a greenfield for innovation and storytelling, and collaborate with key partners to reach and engage fans worldwide.” -Ynon Kreiz

What Remains Unclear: The new company’s name hasn’t been announced. Additionally, the precise division of responsibilities between Ellison and Kreiz will become clearer as the combined company takes shape.

What It Means: Kreiz brings extensive experience across media, entertainment, digital content and consumer brands to the combined company. His appointment also adds an executive with experience overseeing a major public company as Paramount Skydance prepares to integrate Warner Bros. Discovery’s assets and operations.

Barrett Media produces daily content on the music, news, and sports media industries. Sign up for our newsletters to stay updated and get the latest information right in your inbox.