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“The industry needs to move beyond a binary subscription-or-advertising model,” said Enders Analysis senior analyst Abi Watson. “Programs like this let publishers monetize their most valuable users in more sophisticated ways.”

“[The Leadership Institute] delivers two things for the Journal: a reputational halo effect and increased customer lock-in, especially for corporate subscriptions,” Watson said. “It creates more predictable annual cash flow while deepening ties with influential business audiences.”

“It’s not completely uncontroversial to say that referral traffic will decline more [as a result of Google AI overviews and AI engines], it’s a question of how much,” said Douglas McCabe, CEO of media analysis firm Enders Analysis. 

McCabe believes publishers are slowly and reluctantly accepting that the incentives of the tech platforms — building people’s habitual use of answer engines, and providing the kind of utility that keeps them within the engines as long as possible — do not align with ensuring publishers get referral traffic. Website monetization itself, he believes, is under threat.

All Points Fibre has built out its network to 568,000 homes at the end of March, according to estimates from Enders Analysis, the research company. The company reported a pre-tax loss of £35.2 million for 2023.

Karen Egan, at Enders Analysis, said that Cityfibre’s wholesale model means it benefits from well-known brands such as TalkTalk and, shortly, Sky, placing customers onto its network, which “gives it a credible path to towards much higher network take-up rates than those enjoyed by retail-focused altnets”.

Broadsheet was cited as a case study in a new report for the PPA by Enders Analysis called "Rewriting the media playbook".

The report says: “Broadsheet has identified London as the most culturally exciting city in the world right now. There is a litany of small publishers and influencers who cover different elements of the city to different degrees, but Broadsheet believes there is no single dedicated resource focused purely on culture in London

“They aim to appeal to a large target audience of cultural and relatively affluent city dwellers, in addition to a large Australian community for in-built brand recognition.”

Video views across the business are up 152% while minutes viewed are up 78%, according to an Enders Analysis report commissioned for the PPA Festival.