It's about ethics in journalism, with Ben Smith
Aug 17, 2026 · 1h 7m
Summary
Neal Patel interviews Ben Smith, editor-in-chief of Semaphore, about his shift from chasing viral traffic to building an "anti-scale" profitable news business. They discuss Semaphore’s hybrid model, which splits revenue between journalism and high-profile events like "Silicon Valley in the World." The conversation covers ethical challenges, such as maintaining independence while hosting tech leaders on advisory boards, and the evolution of their unique "Semiform" writing style.
Topics discussed
Introduction: Ben Smith and the rise of Semaphore
The failure of the traffic-based media model
Platform dynamics and the atomization of creators
Monetizing news through events and convening
Global expansion and undercovered markets
The Semaphore format and journalistic voice
Semaphore's growth and hiring strategy
Elite capture of traditional media outlets
Ethics of advisory boards and access journalism
The rise of news influencers and tough questions
Performance journalism and the clip economy
Native advertising and transparency in media
Perception of corruption and political influencer marketing
Policy by tweet and the role of journalism
Data centers, local communities, and Gulf relations
AI in the newsroom and audio editing ethics
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