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The Onion adds a new layer, buying Alex Jones’ Infowars and turning it into a parody of itself
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What We’re Reading
We keep an eye out for the most interesting stories about Labby subjects: digital media, startups, the web, journalism, strategy, and more. Here’s some of what we’ve seen lately.
Financial Times / Anna Nicolaou / Apr 3, 2023
“With Wall Street cheering them on, America’s largest studios threw tens of billions of dollars towards producing new shows and movies in a land-grab for streaming subscribers. It was halcyon days for any half-decent script idea, and allowed consumers to enjoy more television than ever before at a fraction of the costs of traditional TV. That extravagance came to an abrupt stop last year, seemingly in lockstep with the beginning of the US Federal Reserve bank’s most aggressive streak of rate rises in decades.”
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