diff --git a/includes/class-core.php b/includes/class-core.php
index 8b99805..31f28e3 100644
--- a/includes/class-core.php
+++ b/includes/class-core.php
@@ -106,6 +106,15 @@ public static function init() {
 		self::create_shadow_relationship();
 	}
 
+	/**
+	 * Is the current post a sponsor?
+	 *
+	 * @return boolean True if a sponsor.
+	 */
+	public static function is_sponsor() {
+		return self::NEWSPACK_SPONSORS_CPT === get_post_type();
+	}
+
 	/**
 	 * Registers Sponsors custom post type.
 	 */
@@ -212,7 +221,6 @@ public static function register_meta() {
 			'post',
 			'newspack_sponsor_sponsorship_scope',
 			[
-				'object_subtype'    => self::NEWSPACK_SPONSORS_CPT,
 				'description'       => __( 'Scope of sponsorship this sponsor offers (native content vs. underwritten).', 'newspack-sponsors' ),
 				'type'              => 'string',
 				'sanitize_callback' => 'sanitize_text_field',
@@ -223,6 +231,66 @@ public static function register_meta() {
 				},
 			]
 		);
+		register_meta(
+			'post',
+			'newspack_sponsor_native_byline_display',
+			[
+				'description'       => __( 'Display the sponsorship only, the author byline only, or both.', 'newspack-sponsors' ),
+				'type'              => 'string',
+				'default'           => self::is_sponsor() ? 'sponsor' : 'inherit',
+				'sanitize_callback' => 'sanitize_text_field',
+				'single'            => true,
+				'show_in_rest'      => true,
+				'auth_callback'     => function() {
+					return current_user_can( 'edit_posts' );
+				},
+			]
+		);
+		register_meta(
+			'post',
+			'newspack_sponsor_native_category_display',
+			[
+				'description'       => __( 'Display the sponsor only, or display categories alongside the sponsor.', 'newspack-sponsors' ),
+				'type'              => 'string',
+				'default'           => self::is_sponsor() ? 'sponsor' : 'inherit',
+				'sanitize_callback' => 'sanitize_text_field',
+				'single'            => true,
+				'show_in_rest'      => true,
+				'auth_callback'     => function() {
+					return current_user_can( 'edit_posts' );
+				},
+			]
+		);
+		register_meta(
+			'post',
+			'newspack_sponsor_underwriter_style',
+			[
+				'description'       => __( 'Display the underwriter blurb in standard or simple-text format.', 'newspack-sponsors' ),
+				'type'              => 'string',
+				'default'           => self::is_sponsor() ? 'standard' : 'inherit',
+				'sanitize_callback' => 'sanitize_text_field',
+				'single'            => true,
+				'show_in_rest'      => true,
+				'auth_callback'     => function() {
+					return current_user_can( 'edit_posts' );
+				},
+			]
+		);
+		register_meta(
+			'post',
+			'newspack_sponsor_underwriter_placement',
+			[
+				'description'       => __( 'Display the underwriter blurb at the top or bottom of the post.', 'newspack-sponsors' ),
+				'type'              => 'string',
+				'default'           => self::is_sponsor() ? 'top' : 'inherit',
+				'sanitize_callback' => 'sanitize_text_field',
+				'single'            => true,
+				'show_in_rest'      => true,
+				'auth_callback'     => function() {
+					return current_user_can( 'edit_posts' );
+				},
+			]
+		);
 		register_meta(
 			'post',
 			'newspack_sponsor_only_direct',
@@ -268,6 +336,11 @@ public static function register_tax() {
 		];
 
 		$tax_args = [
+			'capabilities'  => [
+				'manage_terms' => '',
+				'edit_terms'   => '',
+				'delete_terms' => '',
+			],
 			'hierarchical'  => true,
 			'labels'        => $labels,
 			'public'        => true,
diff --git a/includes/class-editor.php b/includes/class-editor.php
index 2966094..727b1fa 100644
--- a/includes/class-editor.php
+++ b/includes/class-editor.php
@@ -68,18 +68,19 @@ public static function disable_yoast_primary_category_picker( $taxonomies, $post
 		return $taxonomies;
 	}
 
-	/**
-	 * Is editing a sponsor?
-	 */
-	public static function is_editing_sponsor() {
-		return Core::NEWSPACK_SPONSORS_CPT === get_post_type();
-	}
-
 	/**
 	 * Load up JS/CSS for editor.
 	 */
 	public static function enqueue_block_editor_assets() {
-		if ( ! self::is_editing_sponsor() && 'post' !== get_post_type() ) {
+		$allowed_post_types = apply_filters(
+			'newspack_sponsors_post_types',
+			[ 'post', 'page' ]
+		);
+
+		$allowed_post_types[] = Core::NEWSPACK_SPONSORS_CPT;
+
+		// Only enqueue assets for allowed post types.
+		if ( ! in_array( get_post_type(), $allowed_post_types, true ) ) {
 			return;
 		}
 
@@ -95,8 +96,11 @@ public static function enqueue_block_editor_assets() {
 			'newspack-sponsors-editor',
 			'newspack_sponsors_data',
 			[
-				'settings' => Settings::get_settings(),
-				'defaults' => Settings::get_default_settings(),
+				'post_type' => get_post_type(),
+				'settings'  => Settings::get_settings(),
+				'defaults'  => Settings::get_default_settings(),
+				'cpt'       => Core::NEWSPACK_SPONSORS_CPT,
+				'tax'       => Core::NEWSPACK_SPONSORS_TAX,
 			]
 		);
 
diff --git a/includes/theme-helpers.php b/includes/theme-helpers.php
index e3aebda..f9f585e 100644
--- a/includes/theme-helpers.php
+++ b/includes/theme-helpers.php
@@ -356,12 +356,16 @@ function convert_post_to_sponsor( $post, $type = 'direct', $logo_options = [] )
 
 	$sponsor_sitewide_settings = Settings::get_settings();
 
-	$sponsor_byline     = get_post_meta( $post->ID, 'newspack_sponsor_byline_prefix', true );
-	$sponsor_url        = get_post_meta( $post->ID, 'newspack_sponsor_url', true );
-	$sponsor_flag       = get_post_meta( $post->ID, 'newspack_sponsor_flag_override', true );
-	$sponsor_scope      = get_post_meta( $post->ID, 'newspack_sponsor_sponsorship_scope', true );
-	$sponsor_disclaimer = get_post_meta( $post->ID, 'newspack_sponsor_disclaimer_override', true );
-	$sponsor_logo       = get_logo_info( $post->ID, $logo_options );
+	$sponsor_byline                = get_post_meta( $post->ID, 'newspack_sponsor_byline_prefix', true );
+	$sponsor_url                   = get_post_meta( $post->ID, 'newspack_sponsor_url', true );
+	$sponsor_flag                  = get_post_meta( $post->ID, 'newspack_sponsor_flag_override', true );
+	$sponsor_scope                 = get_post_meta( $post->ID, 'newspack_sponsor_sponsorship_scope', true );
+	$sponsor_byline_display        = get_post_meta( $post->ID, 'newspack_sponsor_native_byline_display', true );
+	$sponsor_category_display      = get_post_meta( $post->ID, 'newspack_sponsor_native_category_display', true );
+	$sponsor_underwriter_style     = get_post_meta( $post->ID, 'newspack_sponsor_underwriter_style', true );
+	$sponsor_underwriter_placement = get_post_meta( $post->ID, 'newspack_sponsor_underwriter_placement', true );
+	$sponsor_disclaimer            = get_post_meta( $post->ID, 'newspack_sponsor_disclaimer_override', true );
+	$sponsor_logo                  = get_logo_info( $post->ID, $logo_options );
 
 	// Check for single-sponsor overrides, default to site-wide options.
 	if ( empty( $sponsor_byline ) ) {
@@ -374,7 +378,7 @@ function convert_post_to_sponsor( $post, $type = 'direct', $logo_options = [] )
 		$sponsor_disclaimer = str_replace( '[sponsor name]', $post->post_title, $sponsor_sitewide_settings['disclaimer'] );
 	}
 
-	return [
+	$sponsor = [
 		'sponsor_type'       => $type,
 		'sponsor_id'         => $post->ID,
 		'sponsor_name'       => $post->post_title,
@@ -387,6 +391,16 @@ function convert_post_to_sponsor( $post, $type = 'direct', $logo_options = [] )
 		'sponsor_scope'      => ! empty( $sponsor_scope ) ? $sponsor_scope : 'native', // Default: native, not underwritten.
 		'sponsor_disclaimer' => $sponsor_disclaimer,
 	];
+
+	if ( 'native' === $sponsor['sponsor_scope'] ) {
+		$sponsor['sponsor_byline_display']   = $sponsor_byline_display;
+		$sponsor['sponsor_category_display'] = $sponsor_category_display;
+	} else {
+		$sponsor['sponsor_underwriter_style']     = $sponsor_underwriter_style;
+		$sponsor['sponsor_underwriter_placement'] = $sponsor_underwriter_placement;
+	}
+
+	return $sponsor;
 }
 
 /**
@@ -423,3 +437,69 @@ function get_logo_info( $sponsor_id, $logo_options = [] ) {
 
 	return $logo_info;
 }
+
+/**
+ * If at least one native sponsor is set to display both sponsors and authors, show the authors.
+ *
+ * @param array $sponsors Array of sponsors.
+ *
+ * @return boolean True if we should display both sponsors and categories, false if we should display only sponsors.
+ */
+function newspack_display_sponsors_and_authors( $sponsors ) {
+	if ( ! is_array( $sponsors ) ) {
+		return false;
+	}
+
+	// If the post is set to display author, show it.
+	$override = get_post_meta( get_the_ID(), 'newspack_sponsor_native_byline_display', true );
+	if ( 'author' === $override ) {
+		return true;
+	}
+	if ( 'sponsor' === $override ) {
+		return false;
+	}
+
+	return array_reduce(
+		$sponsors,
+		function( $acc, $sponsor ) {
+			if ( isset( $sponsor['sponsor_byline_display'] ) && 'author' === $sponsor['sponsor_byline_display'] ) {
+				$acc = true;
+			}
+			return $acc;
+		},
+		false
+	);
+}
+
+/**
+ * If at least one native sponsor is set to display both sponsors and categories, show the categories.
+ *
+ * @param array $sponsors Array of sponsors.
+ *
+ * @return boolean True if we should display both sponsors and categories, false if we should display only sponsors.
+ */
+function newspack_display_sponsors_and_categories( $sponsors ) {
+	if ( ! is_array( $sponsors ) ) {
+		return false;
+	}
+
+	// If the post is set to display categories, show them.
+	$override = get_post_meta( get_the_ID(), 'newspack_sponsor_native_category_display', true );
+	if ( 'category' === $override ) {
+		return true;
+	}
+	if ( 'sponsor' === $override ) {
+		return false;
+	}
+
+	return array_reduce(
+		$sponsors,
+		function( $acc, $sponsor ) {
+			if ( isset( $sponsor['sponsor_category_display'] ) && 'category' === $sponsor['sponsor_category_display'] ) {
+				$acc = true;
+			}
+			return $acc;
+		},
+		false
+	);
+}
diff --git a/src/editor/index.js b/src/editor/index.js
index 3b0513c..f420cdc 100644
--- a/src/editor/index.js
+++ b/src/editor/index.js
@@ -1,8 +1,10 @@
 /**
  * WordPress dependencies
  */
+import { __ } from '@wordpress/i18n';
 import { addFilter } from '@wordpress/hooks';
 import { registerPlugin } from '@wordpress/plugins';
+import { PluginDocumentSettingPanel } from '@wordpress/edit-post';
 
 /**
  * Internal dependencies
@@ -10,6 +12,8 @@ import { registerPlugin } from '@wordpress/plugins';
 import { Sidebar } from './sidebar';
 import { TaxonomyPanel } from './taxonomy-panel';
 
+const { post_type: postType, cpt } = window.newspack_sponsors_data;
+
 /**
  * Filter the PostTaxonomies component.
  */
@@ -17,8 +21,20 @@ addFilter( 'editor.PostTaxonomyType', 'newspack-sponsors-editor', TaxonomyPanel
 
 /**
  * Register plugin editor settings.
+ * For sponsor posts, this is a separate sidebar panel.
+ * For all other post types, it is pre-pended to the Sponsors sidebar panel.
  */
-registerPlugin( 'newspack-sponsors-editor', {
-	render: Sidebar,
-	icon: null,
-} );
+if ( cpt === postType ) {
+	registerPlugin( 'newspack-sponsors-editor', {
+		render: () => (
+			<PluginDocumentSettingPanel
+				className="newspack-sponsors"
+				name="newspack-sponsors"
+				title={ __( 'Sponsor Settings', 'newspack-sponsors' ) }
+			>
+				<Sidebar />
+			</PluginDocumentSettingPanel>
+		),
+		icon: null,
+	} );
+}
diff --git a/src/editor/sidebar/index.js b/src/editor/sidebar/index.js
index 5533141..23265c4 100644
--- a/src/editor/sidebar/index.js
+++ b/src/editor/sidebar/index.js
@@ -5,7 +5,6 @@ import { __ } from '@wordpress/i18n';
 import { SelectControl, TextareaControl, TextControl, ToggleControl } from '@wordpress/components';
 import { compose } from '@wordpress/compose';
 import { withDispatch, withSelect } from '@wordpress/data';
-import { PluginDocumentSettingPanel } from '@wordpress/edit-post';
 
 /**
  * Internal dependencies
@@ -13,110 +12,211 @@ import { PluginDocumentSettingPanel } from '@wordpress/edit-post';
 import './style.scss';
 
 const SidebarComponent = props => {
-	if ( props.postType !== 'newspack_spnsrs_cpt' ) {
-		return null;
-	}
-
 	const { meta, title, updateMetaValue } = props;
 	const {
 		newspack_sponsor_url,
 		newspack_sponsor_flag_override,
 		newspack_sponsor_byline_prefix,
 		newspack_sponsor_sponsorship_scope,
+		newspack_sponsor_native_byline_display,
+		newspack_sponsor_native_category_display,
+		newspack_sponsor_underwriter_style,
+		newspack_sponsor_underwriter_placement,
 		newspack_sponsor_only_direct,
 		newspack_sponsor_disclaimer_override,
 	} = meta;
-	const { settings, defaults } = window.newspack_sponsors_data;
+	const { settings, defaults, post_type: postType, cpt } = window.newspack_sponsors_data;
+	const isSponsor = cpt === postType; // True if the post being edited is a sponsor, false if a post type that can be sponsored.
+
+	// If the post is not a sponsor but a post that can be sponsored, add default options to inherit values from the sponsor.
+	const scopeDefault = isSponsor ? 'native' : '';
+	const scopeOptions = [
+		{ value: 'native', label: __( 'Native content', 'newspack-sponsors' ) },
+		{ value: 'underwritten', label: __( 'Underwritten content', 'newspack-sponsors' ) },
+	];
+	const bylineDefault = isSponsor ? 'sponsor' : 'inherit';
+	const bylineOptions = [
+		{ value: 'sponsor', label: __( 'Sponsor only', 'newspack-sponsors' ) },
+		{ value: 'author', label: __( 'Both sponsor and author byline', 'newspack-sponsors' ) },
+	];
+	const categoryDefault = isSponsor ? 'sponsor' : 'inherit';
+	const categoryOptions = [
+		{ value: 'sponsor', label: __( 'Sponsor only', 'newspack-sponsors' ) },
+		{ value: 'category', label: __( 'Sponsor and categories', 'newspack-sponsors' ) },
+	];
+	const underwriterStyleDefault = isSponsor ? 'standard' : 'inherit';
+	const underwriterStyleOptions = [
+		{ value: 'standard', label: __( 'Standard', 'newspack-sponsors' ) },
+		{ value: 'simple', label: __( 'Simple', 'newspack-sponsors' ) },
+	];
+	const underwriterPlacementDefault = isSponsor ? 'top' : 'inherit';
+	const underwriterPlacementOptions = [
+		{ value: 'top', label: __( 'Top', 'newspack-sponsors' ) },
+		{ value: 'bottom', label: __( 'Bottom', 'newspack-sponsors' ) },
+	];
+	if ( ! isSponsor ) {
+		const defaultOption = {
+			value: 'inherit',
+			label: __( 'Inherit from sponsor', 'newspack-sponsors' ),
+		};
+		scopeOptions.unshift( defaultOption );
+		bylineOptions.unshift( defaultOption );
+		categoryOptions.unshift( defaultOption );
+		underwriterStyleOptions.unshift( defaultOption );
+		underwriterPlacementOptions.unshift( defaultOption );
+	}
 
 	return (
-		<PluginDocumentSettingPanel
-			className="newspack-sponsors"
-			name="newspack-sponsors"
-			title={ __( 'Sponsor Settings', 'newspack-sponsors' ) }
-		>
+		<>
+			{ ! isSponsor && (
+				<>
+					<h2>{ __( 'Sponsor Display Overrides', 'newspack-sponsors' ) }</h2>
+					<p>
+						<em>
+							{ __(
+								'The following settings optionally override the settings of assigned sponsors.',
+								'newspack-sponsors'
+							) }
+						</em>
+					</p>
+				</>
+			) }
 			<SelectControl
 				className="newspack-sponsors__select-control"
 				label={ __( 'Sponsorship Scope', 'newspack-sponsors' ) }
-				value={ newspack_sponsor_sponsorship_scope || 'native' }
-				options={ [
-					{ value: 'native', label: __( 'Native content', 'newspack-sponsors' ) },
-					{ value: 'underwritten', label: __( 'Underwritten content', 'newspack-sponsors' ) },
-				] }
+				value={ newspack_sponsor_sponsorship_scope || scopeDefault }
+				options={ scopeOptions }
 				onChange={ value => updateMetaValue( 'newspack_sponsor_sponsorship_scope', value ) }
 				help={ __(
 					'Generally, native content is authored by the sponsor, while underwritten content is authored by editorial staff but supported by the sponsor. This option allows you to select a different visual treatment for native vs. underwitten content.',
 					'newspack-sponsors'
 				) }
 			/>
-			<TextControl
-				className="newspack-sponsors__text-control"
-				label={ __( 'Sponsor URL', 'newspack-sponsors' ) }
-				placeholder={ __( 'URL to link to for this sponsor', 'newspack-sponsors' ) }
-				help={ __(
-					'Required if you want to link the sponsor logo to an external URL.',
-					'newspack-sponsors'
-				) }
-				type="url"
-				value={ newspack_sponsor_url }
-				onChange={ value => updateMetaValue( 'newspack_sponsor_url', value ) }
-			/>
-			<TextControl
-				className="newspack-sponsors__text-control"
-				label={ __( 'Sponsor Flag Override (Optional)', 'newspack-sponsors' ) }
-				placeholder={ settings.flag || defaults.flag }
-				help={ __(
-					'The label for the flag that appears in lieu of category flags. If not empty, this field will override the site-wide setting.',
-					'newspack-sponsors'
-				) }
-				type="url"
-				value={ newspack_sponsor_flag_override }
-				onChange={ value => updateMetaValue( 'newspack_sponsor_flag_override', value ) }
-			/>
-			<TextareaControl
-				className="newspack-sponsors__textarea-control"
-				label={ __( 'Sponsor Disclaimer Override (Optional)', 'newspack-sponsors' ) }
-				placeholder={ ( settings.disclaimer || defaults.disclaimer ).replace(
-					'[sponsor name]',
-					title
-				) }
-				help={ __(
-					'Text shown to explain sponsorship by this sponsor. If not empty, this field will override the site-wide setting.',
-					'newspack-sponsors'
-				) }
-				value={ newspack_sponsor_disclaimer_override }
-				onChange={ value => updateMetaValue( 'newspack_sponsor_disclaimer_override', value ) }
-			/>
-			<TextControl
-				className="newspack-sponsors__text-control"
-				label={ __( 'Sponsor Byline Prefix (Optional)', 'newspack-sponsors' ) }
-				help={ __(
-					'The prefix for the sponsor attribution that appears in lieu of author byline. If not empty, this field will override the site-wide setting.',
-					'newspack-sponsors'
-				) }
-				placeholder={ settings.byline || defaults.byline }
-				type="url"
-				value={ newspack_sponsor_byline_prefix }
-				onChange={ value => updateMetaValue( 'newspack_sponsor_byline_prefix', value ) }
-			/>
-			<ToggleControl
-				className="newspack-sponsors__toggle-control"
-				label={ __( 'Show on posts only if a direct sponsor?', 'newspack-newsletters' ) }
-				help={ __(
-					'If this option is enabled, this sponsor will only be shown on single posts if assigned as a direct sponsor. It will still appear on category and tag archive pages, if applicable.'
-				) }
-				checked={ newspack_sponsor_only_direct }
-				onChange={ value => updateMetaValue( 'newspack_sponsor_only_direct', value ) }
-			/>
-		</PluginDocumentSettingPanel>
+			{ ( 'native' === newspack_sponsor_sponsorship_scope ||
+				( isSponsor && ! newspack_sponsor_sponsorship_scope ) ||
+				! isSponsor ) && (
+				<>
+					<SelectControl
+						className="newspack-sponsors__select-control"
+						label={ __( 'Sponsorship Byline Display', 'newspack-sponsors' ) }
+						value={ newspack_sponsor_native_byline_display || bylineDefault }
+						options={ bylineOptions }
+						onChange={ value => updateMetaValue( 'newspack_sponsor_native_byline_display', value ) }
+						help={ __( 'Show the sponsor, the author byline, or both.', 'newspack-sponsors' ) }
+					/>
+					<SelectControl
+						className="newspack-sponsors__select-control"
+						label={ __( 'Sponsorship Category Display', 'newspack-sponsors' ) }
+						value={ newspack_sponsor_native_category_display || categoryDefault }
+						options={ categoryOptions }
+						onChange={ value =>
+							updateMetaValue( 'newspack_sponsor_native_category_display', value )
+						}
+						help={ __(
+							'Show the sponsor only, or the post’s categories alongside the "sponsored" flag.',
+							'newspack-sponsors'
+						) }
+					/>
+				</>
+			) }
+			{ ( 'underwritten' === newspack_sponsor_sponsorship_scope || ! isSponsor ) && (
+				<>
+					<SelectControl
+						className="newspack-sponsors__select-control"
+						label={ __( 'Underwriter blurb style', 'newspack-sponsors' ) }
+						value={ newspack_sponsor_underwriter_style || underwriterStyleDefault }
+						options={ underwriterStyleOptions }
+						onChange={ value => updateMetaValue( 'newspack_sponsor_underwriter_style', value ) }
+						help={ __(
+							'Show the underwriter blurb in a standard or simplified style.',
+							'newspack-sponsors'
+						) }
+					/>
+					<SelectControl
+						className="newspack-sponsors__select-control"
+						label={ __( 'Underwriter placement', 'newspack-sponsors' ) }
+						value={ newspack_sponsor_underwriter_placement || underwriterPlacementDefault }
+						options={ underwriterPlacementOptions }
+						onChange={ value => updateMetaValue( 'newspack_sponsor_underwriter_placement', value ) }
+						help={ __(
+							'Show the underwriter blurb at the top or bottom of the post.',
+							'newspack-sponsors'
+						) }
+					/>
+				</>
+			) }
+			{ isSponsor && (
+				<>
+					<TextControl
+						className="newspack-sponsors__text-control"
+						label={ __( 'Sponsor URL', 'newspack-sponsors' ) }
+						placeholder={ __( 'URL to link to for this sponsor', 'newspack-sponsors' ) }
+						help={ __(
+							'Required if you want to show a link to an external URL.',
+							'newspack-sponsors'
+						) }
+						type="url"
+						value={ newspack_sponsor_url }
+						onChange={ value => updateMetaValue( 'newspack_sponsor_url', value ) }
+					/>
+					<TextControl
+						className="newspack-sponsors__text-control"
+						label={ __( 'Sponsor Flag Override (Optional)', 'newspack-sponsors' ) }
+						placeholder={ settings.flag || defaults.flag }
+						help={ __(
+							'The label for the flag that appears in lieu of category flags. If not empty, this field will override the site-wide setting.',
+							'newspack-sponsors'
+						) }
+						type="url"
+						value={ newspack_sponsor_flag_override }
+						onChange={ value => updateMetaValue( 'newspack_sponsor_flag_override', value ) }
+					/>
+					<TextareaControl
+						className="newspack-sponsors__textarea-control"
+						label={ __( 'Sponsor Disclaimer Override (Optional)', 'newspack-sponsors' ) }
+						placeholder={ ( settings.disclaimer || defaults.disclaimer ).replace(
+							'[sponsor name]',
+							title
+						) }
+						help={ __(
+							'Text shown to explain sponsorship by this sponsor. If not empty, this field will override the site-wide setting.',
+							'newspack-sponsors'
+						) }
+						value={ newspack_sponsor_disclaimer_override }
+						onChange={ value => updateMetaValue( 'newspack_sponsor_disclaimer_override', value ) }
+					/>
+					<TextControl
+						className="newspack-sponsors__text-control"
+						label={ __( 'Sponsor Byline Prefix (Optional)', 'newspack-sponsors' ) }
+						help={ __(
+							'The prefix for the sponsor attribution that appears in lieu of author byline. If not empty, this field will override the site-wide setting.',
+							'newspack-sponsors'
+						) }
+						placeholder={ settings.byline || defaults.byline }
+						type="url"
+						value={ newspack_sponsor_byline_prefix }
+						onChange={ value => updateMetaValue( 'newspack_sponsor_byline_prefix', value ) }
+					/>
+					<ToggleControl
+						className="newspack-sponsors__toggle-control"
+						label={ __( 'Show on posts only if a direct sponsor?', 'newspack-newsletters' ) }
+						help={ __(
+							'If this option is enabled, this sponsor will only be shown on single posts if assigned as a direct sponsor. It will still appear on category and tag archive pages, if applicable.'
+						) }
+						checked={ newspack_sponsor_only_direct }
+						onChange={ value => updateMetaValue( 'newspack_sponsor_only_direct', value ) }
+					/>
+				</>
+			) }
+		</>
 	);
 };
 
 const mapStateToProps = select => {
-	const { getCurrentPostType, getEditedPostAttribute } = select( 'core/editor' );
+	const { getEditedPostAttribute } = select( 'core/editor' );
 
 	return {
 		meta: getEditedPostAttribute( 'meta' ),
-		postType: getCurrentPostType(),
 		title: getEditedPostAttribute( 'title' ),
 	};
 };
diff --git a/src/editor/taxonomy-panel/index.js b/src/editor/taxonomy-panel/index.js
index 737b1c1..23095cb 100644
--- a/src/editor/taxonomy-panel/index.js
+++ b/src/editor/taxonomy-panel/index.js
@@ -1,9 +1,13 @@
 /**
- * WordPress dependencies
+ * WordPress dependencies.
  */
 import { __, sprintf } from '@wordpress/i18n';
-import { select } from '@wordpress/data';
-import { Fragment } from '@wordpress/element';
+import { useSelect } from '@wordpress/data';
+
+/**
+ * Internal dependencies.
+ */
+import { Sidebar } from '../sidebar';
 
 /**
  * Filters the PostTaxonomies component to add explanations unique to Newspack Sponsor posts.
@@ -14,13 +18,30 @@ import { Fragment } from '@wordpress/element';
  */
 export const TaxonomyPanel = PostTaxonomies => {
 	const OriginalComponent = props => {
-		const postType = select( 'core/editor' ).getCurrentPostType();
+		const { post_type: postType, cpt, tax } = window.newspack_sponsors_data;
+		const { slug } = props;
+		const isSponsorsTax = tax === slug;
+		const hasAssignedSponsors = useSelect( select => {
+			const sponsors = select( 'core/editor' ).getEditedPostAttribute( tax );
+			return Array.isArray( sponsors ) && 0 < sponsors.length;
+		} );
 
-		if ( 'newspack_spnsrs_cpt' !== postType && 'post' !== postType ) {
+		// Only filter compoent for sponsors, tax, categories, and tags.
+		if ( 'category' !== slug && 'post_tag' !== slug && ! isSponsorsTax ) {
 			return <PostTaxonomies { ...props } />;
 		}
 
-		const { slug } = props;
+		// Append sponsor settings panel to Sponsors taxonomy panel.
+		if ( isSponsorsTax ) {
+			return (
+				<>
+					<p>{ __( 'Select one or more sponsors:', 'newspack-sponsors' ) }</p>
+					<PostTaxonomies { ...props } />
+					{ hasAssignedSponsors && <Sidebar /> }
+				</>
+			);
+		}
+
 		const hierarchical = 'category' === slug;
 		const label =
 			'category' === slug
@@ -39,18 +60,14 @@ export const TaxonomyPanel = PostTaxonomies => {
 		);
 
 		return (
-			<Fragment>
-				{ 'newspack_spnsrs_cpt' === postType && ( slug === 'category' || slug === 'post_tag' ) && (
+			<>
+				{ cpt === postType && ( slug === 'category' || slug === 'post_tag' ) && (
 					<p>
 						<em>{ message }</em>
 					</p>
 				) }
-				<PostTaxonomies
-					{ ...props }
-					// Remove "Add new sponsors" link since sponsor terms are shadow terms of sponsor posts.
-					hasCreateAction={ 'newspack_spnsrs_tax' !== slug }
-				/>
-			</Fragment>
+				<PostTaxonomies { ...props } />
+			</>
 		);
 	};