Mixed Signals from Semafor Media
Every Friday media reporter Max Tani and Semafor Editor-in-Chief Ben Smith pull back the curtain on the most important stories about media, revealing why you see and hear what you see and hear. Mixed Signals from Semafor Media is supported by Think with Google.
Episodes
February 13, 2026 • 60 mins
Gus Wenner, chairman of Rolling Stone and son of the magazine’s legendary founder, has spent years balancing the brand’s print heritage with its digital transformation. On this week’s Mixed Signals, Ben and Max talk with Wenner about his new holding company, Wenner Media Ventures, and why he thinks algorithms disrespect audiences. They also discuss the venture’s investment in the hit video series Track Star, his defense of Rolling...
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February 6, 2026 • 53 mins
When now-President Donald Trump decided to put on an apron and serve customers at a McDonald’s drive-thru on the 2024 campaign trail, it put Tariq Hassan, then McDonald’s chief marketer, in a tight spot. On this week’s Mixed Signals, Ben and Max sit down with the former Golden Arches CMO to discuss the Trump episode, why he thinks ad makers should engage with journalists, and what goes into a good celebrity Super Bowl ad.
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January 30, 2026 • 53 mins
A year into Hollywood’s heralded vibe shift, as major production companies in the US have increasingly catered to broader or more conservative tastes, a gay Canadian hockey romance was not an obvious choice to become a hit. On this week’s Mixed Signals, Ben and Max bring on Bell Media CEO Sean Cohan to unpack the success of Heated Rivalry and explain how it became an overnight cultural sensation. Cohan also talks about Bell’s strat...
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January 23, 2026 • 52 mins
Stephen Dubner has spent 20 years proving that things aren't what they seem—and now he's not so sure that's always true. The co-creator of Freakonomics and host of one of podcasting's most enduring shows joins Ben and Max to talk about why he never sold to Spotify, how The New York Times shifted from telling readers things to telling them what to think, and his new self-funded TV experiment that's "like laundering podcast money." A...
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January 16, 2026 • 52 mins
Sarah Rogers, the State Department’s undersecretary for public diplomacy, joins Mixed Signals for a wide-ranging conversation about free speech, tech regulation, and why she’s been rattling the patience of some European governments. Max and Ben press her on confronting Europe over X, the Digital Services Act, and online speech — including accusations that she’s carrying water for Elon Musk and the far right. Rogers traces her world...
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January 15, 2026 • 39 mins
Semafor CEO Justin Smith joins Mixed Signals for a candid discussion about why the digital media company raised $30 million late last year, and how it reached profitability in just three years.
Max asks Justin and Semafor editor-in-chief Ben Smith about the company’s $330 valuation, the company’s planned investment in the Gulf and East Asia, and what it takes to build a modern media company in 2026.
Justin and Ben reflect on less...
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January 9, 2026 • 54 mins
Media veteran Ryan Lizza joins Mixed Signals for a raw, sprawling conversation about why he chose to publish an eight-part (and counting) Substack series responding to the most personal and public crisis of his career. Max and Ben press him on whether this was ever just a breakup story, why he believes the real scandal involves RFK Jr. and journalistic failures, and how Substack gave him the only viable way to tell the story in the...
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January 2, 2026 • 44 mins
Shark Tank’s Kevin O’Leary joins Mixed Signals to talk about his buzzy turn as a ruthless tycoon in Marty Supreme — and how it felt playing a fictionalized version of himself. Max and Ben dig into what lessons he took from working with Josh Safdie and Timothee Chalamet, why Mark Cuban isn’t on Shark Tank anymore, and why he believes movie theaters aren’t going anywhere. They also talk about O’Leary’s media omnipresence, how his def...
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December 30, 2025 • 38 mins
What happens when TikTokers replace TV hosts and interviewers, and presidential candidates start begging to be on their shows?
Brian Reed sits down in a Brooklyn wine shop with four of the internet’s biggest creators: Caleb Simpson, who gets people on the street to take him up to their apartments; Julian Shapiro-Barnum who interviews kids on Recess Therapy; Anania Williams of the LGBTQ quiz show Gaydar; and Jack Coyne, host of th...
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December 26, 2025 • 35 mins
The Ankler’s Janice Min and FeedMe founder Emily Sundberg join Mixed Signals for a candid roundtable lookback at a disorienting year in media. They sound off on everything from YouTube’s domination, to the Charlie Kirk saga, and the increasingly niche areas of coverage for newsletters. Max and Ben also ask about Substack’s evolution, creator economics, and what media moments might be top of mind for 2026.
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December 19, 2025 • 44 mins
Head of Instagram Adam Mosseri joins Mixed Signals to talk about what Instagram actually is in 2025, and what it isn't. Max and Ben ask about the platform’s new move onto TV screens, the dominance of Reels and DMs, and whether “everything is becoming television.” Mosseri also explains how the company is competing with TikTok and YouTube, and whether "AI slop" is a legitimate concern for social media feeds.
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December 12, 2025 • 42 mins
Comedy veteran and longtime Conan O’Brien sidekick Andy Richter joins Mixed Signals for an existentially funny conversation about surviving three decades in entertainment. Max and Ben ask Andy about how he became late night’s most adaptable performer, whether he ever worried about becoming “the next Ed McMahon,” and why acting work has become so elusive in Hollywood. Andy also talks about the decline of late night as a cultural for...
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December 5, 2025 • 44 mins
The New Yorker’s longtime editor-in-chief David Remnick joins Mixed Signals for a candid conversation about a new Netflix documentary about the magazine, and the New Yorker’s past, present, and uncertain future. Max and Ben ask Remnick how a century-old institution adapts to the digital age, and about what he’s learned from nearly three decades on the job. Remnick also reflects on magazine subscriptions models, Max's reporting abou...
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November 28, 2025 • 35 mins
Paula Kerger, the chief executive of America’s public broadcaster, joins Mixed Signals at a moment when public broadcasting is facing its most existential threat in decades. Max and Ben ask her about the political onslaught from the Trump administration and Congress, and what losing federal support will mean for hundreds of local stations. Kerger makes the case for kids’ programming, and spars with Ben about the relevance of broadc...
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November 21, 2025 • 39 mins
New York Times investigative reporter Jodi Kantor joins Mixed Signals to explain how she’s revealed the secrets of internal deliberations behind the ceremony and black robes of the US Supreme Court. Max and Ben ask whether the court is actually leaking more, how newer justices are reshaping its public face, and what Kantor has learned about the culture of secrecy and power inside a long-impenetrable institution. She also reflects o...
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November 14, 2025 • 51 mins
Is television the final form of all media? Derek Thompson, the co-author of Abundance, podcaster, and Atlantic writer joins Mixed Signals to explain what he sees as the forces behind what Ben and Max keep observing: The way in which podcasts and other forms of journalism appear to be getting their largest audience in an endless, passive feed of videos first observed by analysts of 20th century television. Derek discusses all that a...
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November 7, 2025 • 44 mins
Will Welch is the global editorial director of GQ, and has been the editor-in-chief of its US operation since 2019. On this week’s Mixed Signals, Welch talks to Ben and Max about how the magazine plans to address men amid the prominence of the manosphere, the value in covering niche subcultures, and how the parties thrown by the magazine operate as content creation mechanisms. Welch also talks about how he works with celebrities, p...
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October 31, 2025 • 44 mins
Ken Burns has been telling the story of America through his entire career with genre-defining documentaries on the Civil War, the Vietnam War, and now the American Revolution. This week, Ben and Max bring on the renowned documentarian to talk about his latest series, the parallels he sees between America’s founding moment and today’s media environment, and what we can learn from our history. They also discuss what he makes of the T...
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October 24, 2025 • 42 mins
American Eagle’s summer campaign with Sydney Sweeney blew up in ways no one could’ve imagined – but chief marketing officer, Craig Brommers, knew they were going to hit a cultural nerve. This week, Ben and Max bring on the AE CMO to give us an inside look into the “Great Jeans” campaign, what he made of the controversy that surrounded it, and how Donald Trump and JD Vance boosted their sales. They also discuss how marketing today i...
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October 17, 2025 • 49 mins
Chicago is either a war zone quickly spiraling out of control, or a peaceful city under siege by an overreaching federal government. It all depends on who you ask — and which channel they watch. This week, Ben and Max bring on Illinois Governor JB Pritzker to talk about how he’s navigating a communications crisis and a messaging battle against the Trump White House in the new media landscape. They also talk about how conservative m...
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