Streaming services and cable news need cheaper content. Podcasts, which are essentially TV shows with a lower-cost production model, provide the perfect solution. Repurposing popular podcasts for television offers a huge arbitrage opportunity, allowing networks to fill airtime at a fraction of the traditional cost.

While often viewed as separate media, YouTube is the #1 platform for both podcast consumption and TV viewership in the US. This dual dominance forces competitors like Netflix and Spotify to react by acquiring podcast video rights, revealing the battle for attention is converging on a single platform.

Despite mobile's dominance, platforms like YouTube and Instagram are focusing on TV apps. The larger screen commands higher-value "prestige" advertising, making the living room the most valuable real estate in media, even for podcasts, because that's where the most lucrative ad dollars are spent.

Host-read podcast advertisements can command a premium CPM (cost per thousand listeners) of around $45. This higher price is justified because the host's personal endorsement feels more authentic to the audience. This authenticity makes listeners less likely to skip the ad and more likely to trust the product recommendation.

Focus on deep engagement metrics like total listening time over easily manipulated vanity metrics like downloads. A smaller, highly engaged audience that spends hours with your content is more valuable than a large, fleeting one that listens for only seconds.

Blockworks is focusing its distribution on podcasts and newsletters to cultivate an "owned" audience with high loyalty. This is a strategic pivot away from relying on news-driven website visits, which constitute a less predictable "rented" audience that is harder to monetize for new data products.

The primary driver for podcasts adopting video isn't just for social media virality. It's an economic arbitrage play against traditional television. They deliver a comparable product experience with drastically lower production costs, making them a more sustainable and profitable media model.

The pursuit of a massive, Joe Rogan-sized audience is a limiting factor in podcasting. The real opportunity lies in niche topics where hosts with deep passion and expertise can cultivate a sustainable audience of 25k-50k listeners, which is sufficient to support an ad-based model.

New research shows that podcast listening is highest between 10 a.m. and 2 p.m., surpassing the traditional morning commute time slot. This indicates that the primary use case for podcasts is often a workday break, suggesting that content and advertising strategies should be adapted for mid-day consumption.