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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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