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Digiday
The Digiday Podcast is a weekly show on the big stories and issues that matter to brands, agencies and publishers as they transition to the digital age.
With the return of travel, Condé Nast Traveler puts its new global team to the test
The return to travel has come back in nearly full force and for a media brand like Condé Nast Traveler, that’s music to its editors’ ears.
Like any travel publication in March 2020, CNT needed to pivot its editorial output to include more news about travel restrictions and less about where in the world its readers should jet off to. Since then, however, the brand has been able to pivot back to a degree, only now it has two years' worth of organizational changes and international collaboration to add to its content.
As one of the brands under Condé Nast International that has reorganized to link all of its seven global editions under one editorial director, CNT has created a number of editorial packages and initiatives that include contributions from the writers and editors in the United States, the United Kingdom, Italy, Spain, the Middle East, China and India.
But the international collaboration has also changed how global editorial director Divia Thani, who is based in London, and deputy global editorial director Jesse Ashlock, who is based in New York City, run their teams and lead editorial direction across several time zones.
In the latest episode of the Digiday Podcast, Thani and Ashlock discuss how they’ve been tracking the return of travel and how they’ve expanded their editorial strategy to pull from the whole Condé Nast Traveler ecosystem after their international reorg.
54:1210/05/2022
With commerce at the center, how an Instagram influencer turned Amazon Live host
Influencers have developed a special knack for making a product go viral, selling it out seemingly overnight, and as more and more retailers and brands notice this, an opportunity has emerged for creators to take their talents (and followings) to new platforms to sell products in a more formalized manner.
Enter influencer Katie Sands, who has run her lifestyle and fashion blog — as well as her Instagram account @HonestlyKate since 2016. In early 2020, she joined Amazon Live as one of its first live stream hosts to test, recommend and curate products from the online marketplace that are not only in line with her personal brand but will appeal to her followers to click the buy button.
Sands has 332,000 followers on Instagram and she uses the social platform to give both fans of her blog and fans of her Amazon Live stream a look into her personal life, which is used to plan out the narratives and themes of each live stream. In the two-year period since acting as a host, she has accumulated anywhere from 1,000 to 20,000 active viewers per live stream.
Other brands — particularly in the beauty and fashion space — work with Sands in long-term capacities to increase their sales amongst her following, which is where she said the bulk of her income comes from.
In this final episode of the Digiday Podcast’s four-part creator series, Sands unpacks what it is like being an Instagram influencer in 2022 and why working across several platforms is necessary, as well as what it’s been like moving into the considerably newer role of live stream shopping influencer.
54:2603/05/2022
How Twitch streamer Blizzb3ar quit his job to become a full-time creator
The idea of an “overnight sensation” is often sensationalized when it comes to individual video creators. To accrue a sizable enough audience to become a full-time creator can require years of consistently posting videos and cultivating a community around them. But, thanks to adhering to a disciplined streaming schedule, Twitch streamer Blizzb3ar became a full-time creator in less than a year.
During the pandemic, Blizzb3ar started more seriously live-streaming on the Amazon-owned video platform while working a day job for military contractor British Aerospace Engineering Systems. He gained a following thanks to his niche as a self-described “cozy streamer,” broadcasting himself playing less intense video games as well as building Lego sets and generally offering a space on the streaming platform for people looking to hang out.
“Six, seven months in, I started trying out ‘just chatting’ content and just talking and seeing what it’s like to have a conversation with my community,” said Blizzb3ar in the latest episode of the Digiday Podcast. The Twitch streamer is the third guest in the Digiday Podcast’s four-part limited series spotlighting creators. The two previous episodes featured YouTubers Colin Rosenblum and Samir Chaudry and TikTok star Kris Collins.
Sometimes Blizzb3ar will set out to stream himself playing a game like “Stardew Valley,” he added, “and I will accidentally talk for eight hours and completely forget to open up the game.” Not that his audience minds. “They’ll be like, ‘It’s fine. We had fun for eight hours.”
Where Blizzb3ar was having less fun was at work. He would cry in his car after leaving work, and he noticed his day job taking a toll on the quality of his streams. “I was like, 'something has to give,’” he said. And so it did. “February 2, 2021, I quit my job at BAE Systems, and then three days later, I was offered a Twitch partnership. So it kind of felt like I closed one door and another door opened.
42:3726/04/2022
Why TikTok creator Kris Collins takes a scripted approach to content and doesn't rely on popular trends to gain followers
Kris Collins was working as a hairdresser at the onset of the pandemic in March 2020, and like so many others lost her job. But she soon found solace in posting content on TikTok that made her — and her fast-growing audience — laugh.
By July 1 that year, she hit 1 million followers on her TikTok page, @KallMeKris. Once that number quadrupled to 4 million, she decided to add YouTube into the mix to try and diversify her audience and give fans more long-form content.
“After that first million I thought it was going to stop [but] then it just kept going,” said Collins on the latest episode of the Digiday Podcast. “I think I was in a constant state of denial until I was over 10 million [followers] on TikTok.”
Now Collins has over 43 million followers on TikTok, 5.7 million subscribers on YouTube and almost 2 million followers on Instagram. Collins built her following without qualifying (as a Canadian) for TikTok's creator fund, which made it all that more pressing to have direct brand deals across all three platforms. Those deals have become Collins’ primary source of income though she didn't say how much she earns from brand deals, she discusses why she takes a calculated approach to which brands she works with and how many sponsored posts go up per week.
For the second episode in a limited series covering creators, Collins discussed how TikTok helped her rapid rise to stardom, how she’s been able to strategically balance brand deals with original content, and why jumping on TikTok trends isn’t the only means of building an audience.
49:3519/04/2022
How YouTube stars Colin and Samir went from nearly quitting to creating their own media company
Creator duo Colin Rosenblum and Samir Chaudry have a YouTube channel with more than 700,000 subscribers. But a little more than two years ago, they came close to calling it quits.
“I have our 2019 [profit and loss record], and we were $18,000 in the hole,” said Chaudry in the latest Digiday Podcast episode. While the pair was producing videos for their YouTube channel “Colin and Samir,” their primary source of income was elsewhere. “We were doing freelance production projects, getting paid very little to do them, and that’s what was funding the channel,” he said.
Then, in early 2020, Samsung offered Rosenblum and Chaudry an annual contract to become brand ambassadors. Securing that income provided the pair an opportunity to finally figure out the focus of their YouTube channel. The lack of content focus had been a strain since 2016 when they left Team Whistle — to which they had sold their previous company The Lacrosse Network — and struck out on their own as independent creators.
“We went through three to four years of struggling to find our identity, struggling to find out what our business was,” said Rosenblum.
Since then, their business has become the business of being a creator. Across their YouTube channel, their podcast and their newsletter The Publish Press, Rosenblum and Chaudry maintain a singular focus on covering the creator economy, which spans interviews with creators as well as analyses of creator trends and stories from their own experiences as creators.
That focus on the creator economy not only provides Rosenblum and Chaudry with their own bedrock, but also offers a solid foundation to kick off the Digiday Podcast’s new limited series that is similarly focused on creators. Over the course of four episodes, we will interview creators from top platforms Instagram, TikTok, Twitch and YouTube, starting with Rosenblum and Chaudry.
48:5012/04/2022
How Refinery29’s Simone Oliver is complementing content with commerce
As a publication specializing in fashion and beauty, Vice Media Group’s Refinery29 has its origins in commingling content and commerce. Now the outlet is looking to extend its expertise to live shoppable video.
“We’re going to start live testing [live shoppable video] in the spring. We’re considering YouTube as a our starting place, and we’re probably going to start with beauty because it’s a strong category for us,” said Refinery29 global editor-in-chief Simone Oliver in the latest episode of the Digiday Podcast, which was recorded in front of a live audience at the Digiday Publishing Summit on March 29.
With live shoppable video, Refinery29 expects to take a similar tact that it has adopted with its commerce content overall: Allowing its audience to experience products vicariously through its editorial staff. “We know for us creating that sense of community, having our editors out front, having their faces in front is really important,” Oliver said.As Oliver said of Refinery29’s overarching approach to commerce content, “we’re not gatekeepers. We’re here to experience the trends with you. Our audience is savvy as heck. They don’t need us to tell them the trends. What we do is we test-drive those trends for people. And that’s one of the ways we generate trust.”
34:5505/04/2022
‘Hell’s Kitchen’ producer Arthur Smith reflects on how production has and hasn’t changed since the pandemic
In his forty years of experience in TV production -- spanning shows including Fox’s “Hell’s Kitchen,” NBC’s “American Ninja Warrior” and Netflix’s “Floor is Lava” Arthur Smith has seen plenty of changes. Nothing like the past two years, though.
“There was a point between March and July [2020] where we were stuck in neutral. We couldn’t produce anything,” the chairman of A. Smith & Co. Productions said in the latest episode of the Digiday Podcast.
Effectively overnight, six of Smith’s shows that had been slated to go into production that spring were put on ice. “The day that the NBA canceled their season was the day that we were supposed to start shooting [the new season of “American Ninja Warrior”] in Los Angeles. We were all set up, all ready to go -- and we canceled it as well,” he said.
As quickly as the entire production industry came to a halt, though, projects soon began to return to production in the summer of 2020, albeit with significant adjustments. Two years later, there remain differences compared to pre-pandemic productions, but they are fewer.
“We’re making shows again, and we’re making shows at the level that we were making them in 2019. We just show two seasons of ‘Hell’s Kitchen,’” said Smith, whose company produced more than 200 hours of programming in the past year. He added, “the amount of production and the types of production [going on today], it is essentially back to normal.”
47:1529/03/2022
'DAOs are the new institutions': Why Blockworks is training its sales team to pitch to crypto groups
Crypto trade publication Blockworks is on track to earn $20 million in revenue this year, up from $13 million in 2021 and a large part of that strategy is targeting a new wave of wealth — DAOs.
Decentralized autonomous organizations (DAOs) are basically clubs for crypto enthusiasts, but they can be as organized and official as a company. Most typically operate under a shared goal and give each member an equal say in making decisions. As members have to buy into the DAO, they can potentially have more money than most clubs would ever know what to do with — sometimes billions of dollars worth of crypto, according to Jason Yanowitz, co-founder of Blockworks.
In the latest episode of the Digiday Podcast, Yanowitz and co-founder Michael Ippolito explain why they’re training their sales staff to pitch DAOs on advertising opportunities and how brutally honest yet helpful the feedback can be from thousands of DAO members. And as a blockchain native publication, Ippolito and Yanowitz dig into their NFT strategy and why they feel publishers need to take a different approach to sell non-fungible tokens compared to other brands or artists.
51:1222/03/2022
Why Overtime's Elite basketball league is using social audience interest to find a live TV rights buyer
One year ago, Overtime announced it was creating its own basketball league made up of 16- to 18-year- old players — a demographic representative of the sports’ publishers’ audience.
Called the Overtime Elite League (or OTE), the social media-first sports publisher used some of the $80 million raised last year in its series C to build a basketball arena, boarding school and dorm facility in Atlanta, and recruit 27 high school-aged athletes, all of whom are paid six-figure salaries, to get the league off the ground.
As the three-team league wraps its first official season, Overtime’s co-founder and president Zack Weiner came on the Digiday Podcast to talk about the advertiser-based business model his team has created around the Elite League. The ultimate goal for making the league profitable, however, is to sell the live game rights to a network or streaming platform, which is the money maker for professional leagues, like the NFL, NBA and MLB.
Currently, OTE’s games are not broadcast to Overtime’s audience, but Weiner said the off-the-court video series and game highlight reels are working to introduce viewers to these players and generate excitement around the league, which will hopefully get a buyer to purchase the live rights for a sizable sum.
43:5815/03/2022
How A+E Networks’ Mark Garner is managing the TV network group’s programming library in the streaming era
Mark Garner’s job would have been much simpler a decade ago. As evp of global content sales and business development at A+E Networks, he’s charged with doing deals to distribute the company’s own original programming.
“My job is to sell all the content that we have in our library and all of our upcoming content that we’re producing on a go-forward basis across a multitude of partners,” Garner said in the latest episode of the Digiday Podcast.
“Multitude” may not capture the magnitude of distribution outlets. In the past, the distribution would have been largely limited to selling the shows through storefronts, be they brick-and-mortar like Blockbuster or digital like Apple’s iTunes. But the scope of those deals now spans the spectrum of streaming services, from Netflix and Discovery+ to The Roku Channel and Crackle. And then there are A+E Networks’ own streaming properties, including its 24/7 channels running on free, ad-supported streaming TV services.
Setting up these deals isn’t so simple as selling to the highest bidder, though. Sometimes a near-term deal can cut into the long-term payday. “While there might be some really interesting check that could be written in the near term, they may, in fact, not take into account the opportunity cost of the long-term value, the lifetime value of this content,” Garner said.
The equation would likely only get even more complicated if A+E Networks were to decide to roll out a standalone streaming service a la Paramount’s Paramount+.
“Right now we’re very happy with where we sit in the ecosystem where we have the opportunity to distribute our content broadly across a number of different places,” said Garner.
44:3008/03/2022
Why Serotonin's CEO believes brands should be taking a 'Web2.5 approach'
While some brands are flocking to the blockchain by launching NFTs or establishing themselves in the metaverse, other companies are still on either side of the spectrum. From contemplating whether their customers are ready for a new virtual shopping reality, or if the crypto-native internet users will be receptive to their brand’s debut in Web3, not all companies are ready to embrace the blockchain.
But in these early stages of blockchain development, what a lot of brands aren’t realizing is that the move to Web3 doesn’t have to be an all-or-nothing transition and can be taken gradually and thoughtfully. That’s how Amanda Cassatt sees it, according to the latest episode of the Digiday Podcast.
Cassatt is a pioneer in Web3, having assisted in the launch of the Ethereum blockchain as well as co-founding two companies, Serotonin and its subsidiary Mojito, both of which work with companies to find their footing in the Web3 space. As CEO of marketing agency Serotonin, her team works on customer acquisition strategies that are directed to crypto-native audiences, and as president of Mojito, a NFT studio and tech platform company, clients like Sotheby’s have worked with her team to execute NFT drops and develop metaverse presence in some cases for the first time.
While there is a lot to understand about the blockchain, Cassatt said the strongest approach a brand can take to entering this space is to remain focused on the unique value proposition of a company.
49:3501/03/2022
In the age of ad tech mergers, IAS is prioritizing trust as it ads CTV sales to its business model
In 2021, Integral Ad Science (IAS) took the plunge into the connected TV space with the acquisition of Publica, a company that sells ad inventory for CTV publishers.
This was a departure for IAS as it primarily focused on measurement verification and brand safety standards, but CEO Lisa Utzschneider said that it was the right combination of skills, insights and data coming together that enabled the newly combined company to be a one-stop-shop for marketers transacting in the CTV space.
Of course, as consolidation in the advertising tech industry takes place, monitoring potential opportunities for conflict of interest will be necessary for the buyers operating in this space, but in the latest episode of the Digiday Podcast, Utzschneider said that IAS’s and Publica’s clients haven’t expressed concerns. That’s because the trust that both companies instilled in clients before the merger has carried through thanks to a deliberately long collaboration period prior to the point of sale, giving clients the chance to test the waters while the companies did not have shared finances.
In this episode, Utzschneider talks further about the acquisition of Publica, as well as the ongoing need for brand safety on platforms and why IAS is doubling down on its contextual data strategy in the face of the cookie apocalypse.
43:0322/02/2022
How ‘Close Up’ host Kelley Carter developed into a multi-hyphenate entertainment journalist
In the entertainment industry, there’s a term called “multi-hyphenate” that refers to people who may act, direct, write, produce, sing and/or perform other crafts. As an entertainment journalist at The Undefeated, Kelley Carter is familiar with this term. She also embodies it as a journalist.
Beyond her text-based reporting, Carter hosts podcasts — including ABC Audio’s recently debuted “Close Up” which features interviews with the who’s who of Hollywood and releases new episodes on Wednesdays — and is an Emmy-winning video journalist and co-runs a production company that is developing a TV show for Showtime.
“A lot of this became an accident. I wasn’t necessarily seeking out to do anything other than what I was doing, which at the time was a newspaper reporter,” Carter said.
Her experience at print newspapers also helped to familiarize Carter with the business side of journalism and the often tenuous terms of journalists’ employment statuses.
During her time at the Chicago Tribune, she saw other journalists being laid off for the first time. “Because we had some indication that layoffs would be coming to Chicago, ironically I was trying to figure out what my plan would be if I got laid off. I was like, ‘What do I want to do?’” said Carter. The apparent answer: Everything.
57:3115/02/2022
Why Lauren Williams left Vox to create news nonprofit Capital B
After the murder of George Floyd by a police officer in May 2020, many journalism outlets and journalists spent time reckoning with how the news industry could improve its coverage for Black people. Among those journalists was Lauren Williams, who was editor-in-chief and svp of Vox Media’s news property Vox.com at the time.
Williams and a former colleague Akoto Ofori-Atta — then-managing editor of non-profit news outlet The Trace — decided to leave their respective newsrooms to form their own, Capital B, a nonprofit news organization officially launched on Jan. 31 and focused on covering the news for Black people.
“I do really think that, if I had gone to Jim Bankoff — who’s the CEO of Vox Media — and said, ‘I really want to do something different,’ I think he would have heard me in that moment and would have been open to discussing something. But I didn’t do that,” Williams said in the latest episode of the Digiday Podcast.
One reason Williams and Ofori-Atta opted to set off on their own is because they believed the nonprofit route was the right path for what they had in mind. By primarily depending on donors for funding rather than advertisers or subscribers — each of which can be fickle financial sources, though Capital B does operate a paid membership program — Capital B would be able to prioritize covering important issues for a specific audience.
Minding Capital B’s business model is also meant to help the organization to augment its national coverage by standing up more local news outposts, as it already has with Capital B Atlanta with a second local news outlet expected to be added later this year.
“To spin up a new newsroom, we just have to hire the journalists. So in that way, we’re cutting cost enormously and just adding efficiency to the process where we can be really nimble about where we’re going next,” Williams said.
42:1508/02/2022
Vice Media Group’s Cory Haik aims for commerce, consumer to represent two-thirds of digital division’s revenue by 2024
Vice Media Group’s digital division, like many digital media outlets, currently generates the majority of its revenue from advertising. And like many media companies, VMG’s digital arm is on a revenue diversification kick.
“It is my goal to get into 2024 to have a third of revenue coming from ad-supported, a third [from] commerce and then a third [from] consumer,” VMG chief digital officer Cory Haik said in the latest episode of the Digiday Podcast.
She acknowledged the aim “is ambitious for us” but discussed how VMG’s digital division — which is profitable — is already chipping away at the undertaking. Last year the company debuted a new commerce vertical called Rec Room and also introduced a subscription product, Waypoint+, for its gaming publication Waypoint. During the interview, she discussed different ways in which VMG will be building on those initial moves, such as by rolling out affiliate content on new properties like fashion and culture vertical i-D and adding a reader donation option for its news content.
“Our revenue is primarily ad-supported, but we’re opening that up. And we’re very, very bullish on diversification and running hard at that,” Haik said.
50:2201/02/2022
How The Newsette’s founder earned $40M for the media company in 2021
Daniella Pierson founded the daily lifestyle- and business-focused newsletter, The Newsette, while on break during her sophomore year of college, and over seven years, has turned it into a $40 million business. That's thanks to, she said, a subscriber base of 500,000, that helped lead the company to end 2021 with a profit worth eight figures.
Now, the 26-year-old entrepreneur, who also serves as the CEO of the media company, is planning to invest millions of dollars throughout the company to grow the business this year, including the newly formed creative agency arm, called Newland.
On the latest episode of the Digiday Podcast, Pierson acknowledged that growth didn't come without challenges: “It really was touch and go until the last few years,” she said, and her team only recently doubled in size this year to 25 people. It’s “really important for young entrepreneurs to know that just because something isn't taking off and making millions of dollars a year or two, doesn't mean that it can't and year five.”
Pierson herself is also channeling her entrepreneurial spirit in new ways this year by working with co-founders Mandy Teefey and Selena Gomez to create Wondermind, a start-up centered on democratizing access to mental health care that operates a production studio, media arm and product business.
45:2625/01/2022
How Leaf Group transitioned to being a commerce-dominant media company
Over the past eight years, Leaf Group (formerly known as Demand Media until 2016) has transformed itself from a SEO-focused content farm to a commerce-driven media company that sold for $323 million to Graham Holdings last June.
Much of that transition was done at the hands of CEO Sean Moriarty, who wanted to build a portfolio of expert-led content that readers turn to when making purchases. And now the media side of the business earns about two-thirds of its revenue from its commerce business, Moriarty said on the latest episode of the Digiday Podcast.
Moriarty joined Leaf Group after the media company acquired online art marketplace Saatchi Art in August 2014, where he had served as CEO for a year.
The addition of the artwork marketplace (and Society6, another marketplace Leaf Group acquired in 2013 that turns its network of artists’ designs into buyable HomeGoods) has taught the media properties in the portfolio a lot about e-commerce, he said.
52:0818/01/2022
In depth: How Digiday reporters are mapping the metaverse
To many, the metaverse might feel like an obscure, perhaps mysterious, part of the internet that’s exclusive to gamers, NFT collectors and over zealous tech CEOs.
However, as the metaverse develops, the truth is that it has the potential to reshape the entirety of the online world in ways a lot of people don’t expect. The metaverse could be the solution to universal ID, a way to better connect scattered workforces and provide a new e-commerce strategy for brands and retailers looking to reach younger consumers.
“Really the most important thing when people say the word metaverse is that they're just talking about a version of the internet, where when you go to Reddit or you go to Facebook or you go to Instagram, you are the same person,” said Digiday esports and gaming reporter Alexander Lee during the latest episode of the Digiday Podcast. “You don't have different profiles or identities across those platforms. You are just yourself moving around in virtual space.
”But to get to that point, there is still much to be built and executed on, in order to achieve the idyllic version and the truest form of the metaverse, Lee said. During this episode, Lee provides a detailed discussion of one of the fastest growing parts of the internet and that stands to reason will be a big topic for 2022.
23:0711/01/2022
Minute Media’s Rich Routman explains how B2B tech is becoming a bigger part of the media company’s overall business
In its tenth year of being in business and after a string of publisher purchases — which have included The Players’ Tribune and FanSided — Minute Media made its first tech-centric acquisition in 2021 with the pickup of publishing tech platform Wazimo in November. The acquisition reflects how tech is becoming a bigger component of Minute Media’s overall business and how its B2B tech revenue is becoming interwoven with its advertising revenue
“The B2B side of our business, it’ll end up [in 2021 having accounted for] 60-ish percent of our revenue. It’s a big part of that business. We’re as much of a tech company as we are a publishing business,” Minute Media president Rich Routman said in the latest episode of the Digiday Podcast.
The lines between Minute Media’s tech and publishing businesses are even blurrier than that. That percentage of overall revenue represented by B2B actually includes advertising revenue. While Minute Media does some deals in which it licenses its technology to companies for a fee, it also structures deals to include an advertising revenue-share component, which can also result in Minute Media selling ads for its tech clients.
“As we become more flexible in our business model, the B2B revenues have grown significantly on the back of being B2B deals on a rev-share basis supported by advertising or B2B revenues on a license-fee basis. But the B2B business as a whole is larger than the [owned-and-operated] brands,” Routman said.
45:5204/01/2022
Opportunity waits for publishers and marketers as cookie apocalypse looms: Digiday's top trends for 2022
This year was not a quiet one for the industries that Digiday covers and the reporters who have had their ears close to the ground joined the Digiday Podcast to talk about the challenges and trends that they’ve been covering on their beats as well as what we’ll continue to closely watch in 2022, including cookie apocalypse preparedness, mitigating platforms’ influence on media buying, and how the return to office is an ever looming presence.
01:09:0928/12/2021
BET’s Scott Mills shares plans for BET+ in 2022 and why the network has formed its own studio
BET actually entered the streaming wars before Disney and Apple. Two months before the debuts of Disney+ and Apple TV+, the ViacomCBS-owned TV network rolled out its own subscription-based streamer BET+. Now, as the current streaming era enters its third year, BET is preparing some updates to its streaming strategy in 2022, including testing an ad-supported tier and selling a subscription bundle with sibling streamer Paramount+.
“We are very excited about the premium positioning that we’ve established with BET+, and so we’re working through what is the approach to a premium service with an ad-supported model. What I think our audience will see in 2022 is us kind of experimenting with different pricing models to see what their response is to those,” said BET CEO Scott Mills in the latest episode of the Digiday Podcast.
Having overseen the launch of BET+ in 2019 while serving as president of BET, Mills was named CEO of the TV network owner in November 2019. But, as he explained in the interview, that was mainly a change in title and he had already been serving in the role stewarding BET, which like every other TV network is sorting out how to balance its business between traditional TV and streaming.
“The offering we have in BET+ is not identical to our linear offering. There are some services where the offerings are identical. But the BET linear offering actually is different than the BET+ offering, and so we do position them as different offerings,” Mills said.
44:5721/12/2021
Why Yang Adija gamified NFTs to encourage Turner Sports’ audience to embrace the blockchain
Turner Sports has been one of the faster moving media companies in the blockchain space, having made its first concerted effort in launching an NFT project in 2018.
For a sports media company, this made sense in a lot of ways. Sports fans have a fair amount of characteristics that would lend to them also being interested in cryptocurrencies, NFT collection and playing in the metaverse. For example, a large number of people participate in fantasy sports, while a number of others like to collect rare trading cards or signed baseballs, and many more will support their teams by buying season tickets or jerseys for decent chunks of money.
All of these things can be translated to the blockchain, which gave Turner Sports a leg up when launching its Blockletes game, an online golf game that uses NFTs to add real world value.
When Yang Adija, Turner Sports’ svp of digital league business operations, growth and innovation, started thinking about applying the blockchain to his company, he saw an opportunity to bridge the gap between gaming and collecting, thus launching Blockletes — or “Blockchain Athletes.”
In the latest episode of the Digiday Podcast, Adija discussed creating the NFT game, which is set to launch on mobile this month, and why gamifying a new and unknown concept like NFTs helps onboard non-crypto native audiences.
44:3714/12/2021
‘It’s too early to sell’: Why Axios is set on investing in internal growth, versus pursuing M&A in 2022
It’s been a busy and well-publicized year for Axios, which has made a ton of headlines given the newsletter publisher — known for its trademarked “Smart Brevity” style — is only five years old.
In December 2020, the company acquired the Charlotte Agenda to get its local news arm into gear. In February, Axios launched its new software-as-a-service business, Axios HQ, which made over $1.5 million in under a year. And in the spring and summer of this year, rumors circulated the media space about whether Axios would merge with The Athletic or be acquired by Axel Springer.
Those rumblings have since quieted down and Axios’s president and co-founder Roy Schwartz said that “It’s too early at this point to sell the business or to merge it with something that would be larger than we are.”
But either thanks to or in spite of the headlines, Axios is set to hit $86 million in revenue this year, replicating the 40% year-over-year growth the company saw in the year prior — all while maintaining profitability for three years running.
55:0107/12/2021
'Becoming a direct-to-consumer company': How Condé Nast's Pamela Drucker Mann is focusing on innovation in 2022 after the best revenue year in a decade
For Condé Nast, 2021 was the best year the company has had in the past decade, according to global chief revenue officer Pamela Drucker Mann. And after a tumultuous 2020, that outcome was neither a guaranteed nor expected.
As of mid November, the media company’s total global commercial revenue -- including print -- was up 20%, Drucker Mann said on the latest episode of the Digiday podcast. Specifically on the digital side of the business, revenue rose nearly 40% year over year, which she attributed much of to its new e-commerce business (up 46%), investing further into digital video, and shifting focus from audience targeting to contextual targeting in ad campaigns.
And thanks to all of that growth this year, Condé Nast is using 2022 to invest in "legitimately becoming the best, most refined, most sophisticated, direct-to-consumer company -- not just an advertising company," Drucker Mann said. This includes getting experimental with new businesses and projects, including NFTs, hosting events in the metaverse, and diving deep into live shopping.
50:5630/11/2021
How 2021 taught Gallery Media to quickly adapt its TikTok playbook
TikTok has transformed the way that consumers and brands interact with each other online over the course of just a couple of years. But the past year in particular has given those brands, and the media companies they partner with, more confidence in their approach to creating content for the platform.
The biggest helper in decoding the secrets to TikTok success from a brand perspective is having the scale and regular posting cadence to quickly identify hits, as well as learn when to change course.
That’s at least been the case for Gallery Media, publisher of PureWow and One37pm. The digitally native media company, owned by Gary Vaynerchuk’s creative media agency VaynerX, has the unique advantage of having both its roster of 25 owned-and-operated editorial TikTok channels and the creative control of more than 10 brand partners’ channels to get a good sense of the type of content that organically thrives on this highly creative social media platform.
So over the past year, regularly posting on those 35-plus pages has illuminated some of the bigger TikTok trends of the year for Gallery Media, which led to gaining views, followers and even dollars from brands looking to CEO Ryan Harwood’s team to implement those learnings into their own social media strategies.
In the latest episode of the Digiday Podcast, Harwood discusses creating a team of creatives who could quickly adapt the company’s playbook for the ever evolving platform, as well as how the editorial successes inform the brand campaigns posted to TikTok, and vice versa.
44:5523/11/2021
How Vice Media Group’s Daisy Auger-Dominguez has put DE&I plans into practice
Shortly after Daisy Auger-Dominguez joined Vice Media Group as its chief people officer in May 2020, the murder of George Floyd spurred companies across the media industry to pledge improvements to their organizations’ levels of diversity, equity and inclusion. VMG then took the further step of uploading its DE&I initiatives into a dashboard for all employees to see the company’s plans and track its progress.
“Think of it as a project management app,” said Auger-Dominguez in the latest episode of the Digiday Podcast.
VMG’s DE&I dashboard features an entry for each active DE&I project, including links to corresponding documents, updated information about its performance metrics and progress toward those goals as well as the name of the employee responsible for overseeing that project.
“It not only creates transparency around accountability, but it also creates connectivity that can galvanize other employees that are interested in any of those particular projects [to see], ‘Oh, here’s the person I should be talking to,’” Auger-Dominguez said.
In keeping with the dashboard’s purpose of keeping employees up to date on VMG’s DE&I efforts, the company removes completed projects and adds new projects as its overall efforts evolve. Heading into 2022, some of those newer projects will likely concern VMG’s return to the office and the part DE&I plays in an in-person workplace. However, Auger-Dominguez is cognizant of not categorizing every initiative under DE&I, which can have the effect of putting it in a silo.
“I don’t want to start adding everything to DE&I, so everyone’s just like, ‘Oh, is that a DE&I initiative?’ No, actually it’s the other way around: Everything has a DE&I lens, but not everything is a DE&I initiative,” Auger-Dominguez said.
39:3316/11/2021
AMC Networks’ Kim Kelleher says the TV ad market is still speeding up
Everything has accelerated since the pandemic, including the historically slow-moving TV ad market. Not only did this year’s upfront cycle blow by, but early talks ahead of next year’s upfronts are already underway.
“We’re having earlier conversations,” said Kim Kelleher, president of commercial revenue and partnerships at AMC Networks, in the latest episode of the Digiday Podcast. “Maybe it’s because I come from digital media and publishing, which were always-on mediums, that television is starting to feel a lot more like the always-on world that I came from. We’re having conversations already about next year.”
To be clear, Kelleher described those conversations as “preemptive” planning discussions. “Certainly not negotiating,” she said. Still, the fact that conversations about next’s upfronts are taking place a month after this year’s deals took effect indicates how the overall TV ad market is changing as the dividing line between linear and digital blurs and advertisers reevaluate their options for reaching audiences.
“There’s a level of thoughtfulness that needs to go into the media mix and the distributions you’re going to choose to tell and market your stories with,” Kelleher said. “It’s never too soon to start.”
39:5109/11/2021
The Verge’s Nilay Patel talks about how Vox Media’s tech publication has and hasn’t changed after 10 years
Ten years after its debut, Vox Media’s technology news publication The Verge hasn’t necessarily changed all that much — at least not compared to its ambitions from the outset. Rather than changing course over the past decade, the outlet has followed through on its original trajectory.
“The biggest difference between The Verge now and The Verge 10 years ago is that we have the staff and the capability to actually do all the things we wanted to do,” said The Verge editor-in-chief Nilay Patel in the latest episode of the Digiday Podcast.
That being said, The Verge does seem to be in upgrade mode. Not only is the outlet preparing a site redesign for sometime in the next year, but within the past two months, it has opened up new product lines and revenue sources. In September, Vox Media acquired podcast newsletter Hot Pod, which has become part of The Verge and which operates a subscription business that has become the publication’s first paid product. A month later, The Verge debuted a connected TV app and hosted its first live event.
The Verge hadn’t exactly planned to be making these leaps to coincide with its 10-year anniversary. “We thought 2020 would be our growth year,” Patel said. The pandemic postponed the publication’s plans by a year.
“All of that energy was pent up, and it is all coming out at once because we’re turning 10. We’re excited. We want to take the next step of our evolution,” said Patel.
41:4402/11/2021
Kill Your Algorithm Episode Two: The Vault of Power
When the Biden administration named antitrust reform scholar Lina Khan as chair of the FTC, it didn't take long before Amazon and Facebook asked for her recusal in cases related to the two companies. But even as lawmakers call for regulators to rein in big tech algorithms, some have pushed against giving a Khan-led FTC any more money or power to help do it. And some who recall the 1980s-era episode that led congress to drastically diminish the FTC's authority warn against the risks of enacting rules or changing policy without consensus.
44:4728/10/2021
How Agnes Chu and Helen Estabrook are breaking Condé Nast Entertainment further into Hollywood
Condé Nast Entertainment is not a new player in the TV and film industry. Formed in 2011, the magazine publisher’s entertainment division has had a hand in adapting Condé Nast’s content into shows and movies, including an article by GQ that was made into Netflix documentary series “Last Chance U” and a short story from The New Yorker into Robert Redford-starring film “The Old Man and the Gun.” But now CNE is looking to play an even bigger role in Hollywood.
“What we’re doing in film and television is a real, deliberate and intentional lean into our brands in a way that we haven’t done before,” said Agnes Chu, the former Disney+ executive who took the reins of CNE as president in September 2020.
Under Chu, CNE has hired a roster of experienced Hollywood heads to help raise the magazine publisher’s profile in Tinseltown. That includes Helen Estabrook, an Oscar-nominated producer who joined CNE in March 2021 as global head of film and TV and joined Chu on the latest episode of the Digiday Podcast.
Estabrook’s charge has been to have Condé Nast’s entertainment arm working more closely with its publications to identify articles, short stories as well as podcasts that can be developed and adapted into film and TV projects.
“We’re creating new systems of working so that we can work with them in the ways that they have all individual systems for how they work, for how they find stories or how they tell those stories,” said Estabrook. “It is one great production company, but in some ways, it’s several different production companies because it’s GQ Studios and The New Yorker Studios and Vanity Fair Studios.”
40:0726/10/2021
Kill Your Algorithm Episode One: Shocking Data Stories
When the FTC alleged that period tracking app maker Flo Health shared people's private health information with Facebook and Google without permission, its settlement with the company required some changes in how it gathers and uses people's data. But some believed it was just another example of a feeble approach to enforcing the agency's authority. The settlement soon led to a controversial enforcement policy update that could affect countless health and fitness app makers. And that was just one sign that the FTC is getting tougher on tech firms. It's already forced two companies to destroy their algorithms.
36:1521/10/2021
NBCUniversal News Group’s Chris Berend explains how streaming has become the centerpiece of the organization’s video strategy
TV news networks are swarming streaming, and NBCUniversal News Group is no exception. The Comcast-owned news organization already operates three standalone news streaming outlets — NBC News Now, Today All Day and MSNBC’s The Choice — and is stepping up its streaming operations.
NBCUniversal “is becoming a streaming company in large ways, in addition to parks and other things. And so streaming is clearly a priority for our company, with Peacock and the success that we’ve seen there. And by association with that, streaming is part of the competency that we’re building for the news group,” said Chris Berend, evp of digital for NBCUniversal News Group, in the latest episode of the Digiday Podcast.
As part of building that streaming competency, NBCUniversal News Group’s digital organization has hired around 100 people in the past few months -- roughly doubling its headcount -- with the bulk of its new hires working on streaming, according to Berend. It is also adding more programming across its streaming properties, such as a nightly news show hosted by Tom Llamas that premiered on NBC News Now in September.
“Right now what we’re investing in is our primetime lineup. We’ve got original hours in the morning and in the afternoon. We’re looking at prime now. We’ll be looking at weekends as well and seeing what the smart thing to do there is,” Berend said.
In general, the smart thing to do seems to be plugging its streaming properties with more original programming. Viewers are spending, in aggregate, 20 million hours or more per month streaming NBC News Now, and that watch time grows in proportion to the programming. “We see the hours go up when we invest in original programming,” said Berend.
39:0619/10/2021
How Well+Good is using its newsroom's knowledge to steer its commerce business
Wellness and self care became two top categories for online shopping in 2020 — perhaps second only to online grocery and toilet paper — thanks to people managing stress levels and tending to personal care from their homes, rather than seeking out those services elsewhere.
For Leaf Group’s digital wellness brand Well+Good, that surge in interest was a boon to its e-commerce business, something it’s been honing for the past four years. Year-to-date, commerce revenue has increased by 129% and gross transaction value has increased by 112% from 2020 to 2021.
But the brand has been trying to move away from its reliance on traditional affiliate commerce content and launched its own online wellness marketplace last year that gave its readers a one-stop shop for editorially vetted and recommended products. The idea is that shoppers will remain on the Well+Good website and buy a variety of products from different brands all at one location.
43:5212/10/2021
HuffPost’s Danielle Belton sees the editor-in-chief role as being ‘newsroom therapist’
When Danielle Belton started as HuffPost’s editor-in-chief in April, she stepped into a newsroom that had spent a year in tumult. In addition to the trials of covering and living through the pandemic, the news outlet’s staff had gone through a sale from Verizon Media to BuzzFeed that eventually led to 70 HuffPost employees being laid off. And all the while, the newsroom had been without a leader.
“They went so long without an editor-in-chief. The fact that there was going to be one put into place and that they were going to have their own leader independent of BuzzFeed and BuzzFeed News meant a lot. I felt like the reaction I got was actually more warm than anything else. And one of relief,” Belton said in the latest episode of the Digiday Podcast, which was recorded live during the Digiday Publishing Summit on Sept. 27 in Miami.
Of course, Belton’s appointment alone wouldn’t instantaneously alleviate all stress and anxiety among HuffPost’s staff. That’s why the former editor-in-chief of G/O Media’s The Root sees her role as being the outlet’s “newsroom therapist.” It’s a role she has found herself playing since she started working in journalism and spent time roaming newsrooms where she has worked to check in with other staffers.
“I used to tell my bosses, ‘You guys should just pay me to be the newsroom therapist. I can just talk to everybody all day and listen to their problems and help them figure out how to solve them and help them with their stories. And that’s basically what I’m doing now. I’m the newsroom therapist,” Belton said.
This episode is the final in a four-part series for the Digiday Podcast called “The Modern Newsroom Leader,” featuring editors-in-chief as they navigate new industry challenges including staffers dealing with burnout, unsteady financial businesses and prioritizing diversity, equity and inclusion in hiring practices. Previous episodes featured The Cut's Lindsay Peoples Wagner and Vox's Swati Sharma, Houston Chronicle's Maria Reeve and Gawker's Leah Finnegan.
40:5205/10/2021
‘It’s not going to be nice’: Leah Finnegan is rebuilding Gawker with her editorial vision front and center
When the bankrupt Gawker shut its doors in 2016, it seemed unlikely that the site known for snarky opinions, celebrity gossip and haughty critiques would return. But rumblings of the site’s return — and its snippy attitude — came in July 2018 when BDG CEO Bryan Goldberg paid just under $1.5 million for the defunct website.
Three years later, Gawker is back up and running (after an initial false start with a different cast of characters) under editor-in-chief Leah Finnegan.
Her work is cut out for her: “[Gawker is] such a loaded place and the time I was there was so dramatic and tumultuous. It was an earlier iteration of the way digital media worked and I didn’t want to go back to that Gawker,” said Finnegan.
This is the third episode of a four-part series called “The Modern Newsroom Leader,” which features newly appointed editors-in-chief as they navigate industry challenges including staffers dealing with burnout, unsteady financial businesses and prioritizing diversity, equity and inclusion in hiring practices.
37:2728/09/2021
‘A perfect time for someone like me to be in this role’: Maria Reeve is breaking barriers at the Houston Chronicle
Maria Reeve didn’t set out to become the first person of color to oversee the newsroom of a major metropolis’s flagship news organization. For much of her career, the executive editor of the Houston Chronicle didn’t even have her eyes on editor roles altogether.
“I really liked the process, the work of reporting in journalism. And as I became a manager, I really liked the process of helping people do their work and discover their own goals and desires in that. And just in the last few years did I begin to think about, What would that look like for me to lead a newsroom? What would I bring to this?” Reeve said in the latest episode of the Digiday Podcast.
Among the things that Reeve is bringing to the role since being named executive editor in July 2021 is a desire to build up the Houston Chronicle’s coverage of underrepresented groups. That includes the creation of a culture desk. It also involves finding ways to support the people of color in her newsroom as well as to find ways to bring in more people who are members of underrepresented communities.
“When you say, ‘Oh, we have an executive editor who’s a person of color. What does that look like? What is different about that?’ I think what’s different about that is just the recognition that I bring -- having been in this industry for 25-plus years -- what I’ve seen and what I’ve experienced and how I might like to make change around those areas,” said Reeve.
This episode is the second in a four-part series for the Digiday Podcast called “The Modern Newsroom Leader,” featuring editors-in-chief as they navigate new industry challenges including staffers dealing with burnout, unsteady financial businesses and prioritizing diversity, equity and inclusion in hiring practices.
42:1221/09/2021
'Journalism can only be as good as our newsroom culture': Vox Media's new editors-in-chief are redefining the roles
The role of editor-in-chief looks a lot different than what it did 20 years ago — or even two years ago.
For digital-first media companies, the nuances of what it takes to run a successful newsroom, particularly during a pandemic, are more complicated than ever before. For Vox Media, it meant having two new top editors for its brands Vox and The Cut, who have fresh perspectives on what the job means.
At the beginning of this year, Swati Sharma and Lindsay Peoples Wagner took the reins of Vox and The Cut, respectively. Both are still early in their careers -- when they were appointed, Sharma was 34 and Peoples Wagner was 30 -- but they have already accomplished a goal that for many is the ultimate sign of success in the journalism career path. This is Sharma's first time leading a newsroom as the top editor Peoples Wagner previously was the editor-in-chief at Teen Vogue but is familiar with The Cut having previously been its fashion market editor from 2015 until 2018. Now both are leaning on those past experiences, and each other, to achieve success.
This episode is the first in a four-part series for the Digiday Podcast called “The Modern Newsroom Leader" featuring editors-in-chief as they navigate new industry challenges including staffers dealing with burnout, unsteady financial businesses and prioritizing diversity, equity and inclusion in hiring practices.
45:3714/09/2021
Women of Color Unite’s Cheryl L. Bedford is fighting ‘exclusion by familiarity’ in entertainment
In February 2018, Cheryl L. Bedford threw a party. The invite called for women of color to unite, and the event spawned Women of Color Unite, the nonprofit organization Bedford oversees that supports women of color in the entertainment industry.
“We basically built Women of Color Unite on the idea of exclusion by familiarity and ending it,” Bedford said in the latest episode of the Digiday Podcast
In the fight against people hiring people whose identities and experiences are most similar to their own, Women of Color Unite operates two programs that are aimed to help women of color get in the door and move up the Hollywood ranks. The JTC List is a database of 4,500 women of color that not only provides a free tool for companies to find cinematographers, line producers, screenwriters and others, but also provides Women of Color Unite a means of analyzing the issues underpinning the challenges for women of color in entertainment.
Then there is #StartWith8. This program originated after the murder of George Floyd in May 2020 and gets established people in Hollywood to commit to giving their time and energy to support eight women of color apiece. For example, Win Rosenfeld — a writer/producer and president of Jordan Peele’s production company Monkeypaw Productions — committed to meet with eight women of color, read their scripts and provide them with notes. “That means a lot to somebody, to understand what people want in this industry, to understand what kind of things get green-lit,” said Bedford.
52:2807/09/2021
LinkedIn’s Imani Dunbar is helping to build more equitable workplaces across industries
The compensation gap is closing, albeit slowly and unevenly. In the effort to create balanced workplaces, LinkedIn occupies the position of potential catalyst. The Microsoft-owned business-centric social network not only provides a platform with tools through which hiring practices can be made more meritocratic but also offers an example of an equitable organization. It even has an executive charged with overseeing equity strategy.
“I don’t know that any companies have started to unify all their efforts around ... a single role and actually set up a team that’s meant to focus on this,” said LinkedIn’s head of equity strategy Imani Dunbar in the latest episode of the Digiday Podcast.
LinkedIn’s focus on equity spans inside and outside its own walls. Internally, LinkedIn has achieved a notable level of compensatory fairness among its employees. Employees of color in the U.S. earn $1 for every $1 earned by white employees, and female employees earn $0.998 for every $1 earned by male employees. But the work is far from finished.
“We’ve been on our equity journey for a while. It’s also our forever work. It’s not something that’s like a six-month or couple-year project,” Dunbar said.
43:1531/08/2021
Jubilee Media’s Jason Y. Lee and investor Mike Su want to build the ‘Disney for empathy’
Many media companies have set out to be the Disney of X. But Jubilee Media seems to have carved out a niche for itself by aiming to become the “Disney for empathy,” according to the media company’s founder and CEO Jason Y. Lee. Empathy is a pretty unusual content category, though, of which Jubilee Media is well aware.
“A lot of people have trouble putting us into a particular category or box. And we see that as a tremendous whitespace that we want to kind of own and grow into,” Lee said in the latest episode of the Digiday Podcast..
Jubilee’s empathetic bailiwick also seems to present a timely opportunity for the media company to attract audiences in search of some positivity amid all the day-to-day gloom and doom.
“It’s no coincidence that Jubilee really starts picking up momentum because people are hungry [for empathetic content]. That’s what we need, right? We want to connect with each other,” said Mike Su, director of Snap’s accelerator program Yellow and an individual investor in Jubilee Media, who joined Lee in the episode.
52:2024/08/2021
The delta of it all: Digiday’s top trends of 2021 so far
The media and marketing industries seem to be approaching another inflection point. The delta variant is beginning to put the brakes on the return to normal that had been underway since the start of the year. That makes mid-August — already a typically slower part of the year — an opportune time to catch up on the top trends of the ever-changing moment.
In this week’s Digiday Podcast, co-hosts Kayleigh Barber and Tim Peterson talk about the delta that marketers and media companies are finding themselves in. Spring’s stability has given way to a summer of uncertainty, cracking open the question of how businesses will fare in the fall. Fortunately, the swings of the past year and a half has positioned companies well for this state of flux.
The conversation spans the status of companies’ plans to return to the office and host in-person events, the advertising rebound that businesses have experienced this year, how companies continue to build up their commerce businesses, publishers’ shifting subscription strategies as retention becomes the priority and the latest wave of media consolidation.
33:4317/08/2021
Atlas Obscura redefines ‘exploration’ after pandemic upturned coverage areas
Travel, to no surprise, was one of the largest industries impacted by the pandemic and publishers like Atlas Obscura that cover exploration, wanderlust and gastronomy had to quickly adapt and figure out both what content output and brand deals would like in this new reality.
Luckily for Atlas Obscura, the concept of exploration meant more than its tourism and trip-planning business, which accounted for about half of the company’s revenue in 2019. In the latest episode of the Digiday Podcast, CEO Warren Webster talked about how his team adapted exploration to mean everything from learning about new subjects or trying out new skills from experts online in a new courses business, as well as leaning into the road trip model for discovering a new place.
And while some travel-related advertisers had to pull back on spending, others in the auto and food categories filled the gaps and Atlas Obscura walked away from 2020 in a strong position, Webster said, though he did not provide exact figures. Now as travel is slowly returning, the company is bringing back some of its paused 2019 revenue streams and adding its successful 2020 innovations to build toward a successful year.
Of course, some hesitations still loom around the coronavirus variants, but Webster said that both his team and advertisers are optimistic and eager to get back into in-person experiential events and programming.
49:0210/08/2021
Hearst UK wants all of its brands to have Good Housekeeping's authority in product testing
Good Housekeeping set a standard at Hearst UK that the rest of the portfolio wants to replicate.
For nearly 100 years, the homelife magazine has cultivated a following of readers who trust its product recommendations, reviews and seals of approval enough to spend their money on those tried and tested items. Now, the Good Housekeeping Institute has expanded into the Hearst Institute, enabling the rest of the UK-based titles to use the same resources, experts and testing facility that has strengthened the GH brand's trust with readers.
In the latest episode of the Digiday Podcast, Laura Cohen, Hearst UK’s head of accreditation, talks about what the expansion means for both the physical operations of the Hearst Institute as well as its ability to drive revenue from working with more brands and producing more content that can be monetized through affiliate commerce.
49:0503/08/2021
How Yahoo is experimenting with platforms and partnerships to grow its audience
Yahoo is on a mission to drive brand affinity across its portfolio by turning casual readers into fanatics who are willing to spend money with the media company.
That strategy has led the company to experiment with new mediums and types of content, as well as new innovative partnerships, said Joanna Lambert, head of consumer at Yahoo. In the latest episode of the Digiday Podcast, she said she wants to reach 900 million monthly, paying users by further enticing them with shoppable videos, online sports betting partnerships, cross-brand content offerings, and more.
Lambert and her team now has more to work with: in May, Verizon Media was sold to private equity firm Apollo for $5 billion, in a deal that would make the suite of brands — including the Yahoo portfolio, Techcrunch, Engadget, In The Know and others — renamed to Yahoo. This deal has yet to close, so Lambert did not speak much about it, but did say that as a remaining 10% stakeholder in the new media company, Verizon will remain a partner on 5G projects, which has been a large focus for innovation, she said.
47:4227/07/2021
How Rich Kleiman and NBA star Kevin Durant are building The Boardroom into a media business
Many athletes have made moves into the media business, from Derek Jeter with The Players’ Tribune to LeBron James with Uninterrupted and SpringHill Entertainment to Alex Morgan, Sue Bird, Chloe Kim and Simone Manuel with TOGETHXR. That list also includes Kevin Durant.
Through their company Thirty Five Ventures, the NBA star and his business partner Rich Kleiman have been building a media business that has evolved from a channel on YouTube and show on ESPN+ into a media company called The Boardroom.
“Boardroom was an evolution of us wanting to have a voice, knowing we had a voice but wanting to have our take and our point of view on the sports world and on what was happening in the culture around the sports world,” Kleiman said in the latest episode of the Digiday Podcast.
41:2620/07/2021
How 100-year-old Architectural Digest is becoming a brand for a younger and more diverse audience
Architectural Digest’s global editorial director Amy Astley does not want the 100-year-old magazine to feel stuck in a legacy mindset.
While print subscriptions are still an increasing area of the business, she said, the brand’s digital presence and social media content have become significant ways for AD to grow a much younger and more diverse audience. Enter global digital director David Kaufman, who was brought on last year as a way to further the publication’s international expansion and global integration.
Now Astley and Kaufman are working together to create a larger audience, using all of the channels in their arsenal, including YouTube and Instagram, to fill the funnel of new viewers who have the potential to become subscribers, or become online shoppers as AD continues to build out its shoppable video and content.
In the latest episode of the Digiday Podcast, the pair discusses why the pandemic led to new opportunities for experimentation, like launching new content verticals and building out its commerce business and leaning further into platforms frequented by Gen Z and millennials.
54:1413/07/2021
‘Meet the Press’ host Chuck Todd reports from the frontlines of TV news’s shift to streaming
NBC News’s “Meet the Press” is the longest-running show on TV. For the program to remain relevant in the streaming era, it needs to appeal to people who are not tuning in to traditional TV. This notion is not lost on the show’s host Chuck Todd, who also anchors “Meet the Press Reports,” a streaming-only series that debuted on NBCUniversal’s Peacock in September.
However, Todd also saw an opportunity to seize streaming as a means of stretching beyond the limitations of a linear time slot and doing deeper coverage of topics like voting rights and climate change.
“It’s not as if we didn’t have a desire to [cover those topics more in-depth]. We just run out of linear bandwidth,” Todd said in the latest episode of the Digiday Podcast.
“Meet the Press Reports” is part of a larger trend at NBC News — as well as other TV news organizations — to make streaming more of a centerpiece in their strategies, rather than a supplement to traditional TV.
“When Peacock consolidated everything, they don’t have someone separate trying to find TV shows for the broadcast [network] and then TV shows for Peacock, right? It’s the same. We’ve got all these platforms, but it’s one entity. The news division is now moving in that direction,” Todd said.
38:5106/07/2021
Jonah Peretti and Rich Antoniello explain why BuzzFeed is buying Complex Networks
The wave of media consolidation is cresting again. The latest example is BuzzFeed’s acquisition of Complex Networks. BuzzFeed CEO Jonah Peretti and Complex Networks CEO Rich Antoniello joined the Digiday Podcast to talk about the deal.
The conversation with Peretti and Antoniello ranged from how Complex Networks will fit inside BuzzFeed to how BuzzFeed’s brands could cross over into Complex’s properties like ComplexCon and vice versa. What came through in the interview is how the two executives see their respective companies as being in a better position together rather than going it alone in an industry dominated by giant tech platforms and other major media companies that continue to merge.
“In this day and age, how difficult it is being an independent publisher, I think it’s only gotten more and more difficult and the pandemic heightened that,” Antoniello said.
Becoming a media conglomerate comes with complexities, though.
“You can tell in companies that merge everything together and have some chief content officer who makes every piece of content the same -- I mean, it just doesn’t work,” said Peretti. “You need editorial independence and that flows through even to the business and to the partnerships you do and brand licensing deals and native advertising and branded content.”
45:0529/06/2021
IPG’s Arun Kumar says the time has passed for the ad industry to regulate itself
As the chief data and technology officer at IPG, Arun Kumar has plenty on his plate at the moment. Apple is limiting tracking on iPhones and iPads. In less than a year, Google’s Chrome browser is supposed to cut off third-party cookies. And both Apple and Google are threatening the advertising industry’s adoption of the IP address as a cross-platform identifier.
“’Stress’ is the middle name of my title right now,” Kumar said in the latest episode of the Digiday Podcast.
What is stressing out the agency executive, in particular, is the question of how companies can connect with current and potential customers and keep a pulse on people’s interests when their traditional means of doing so are being taken off the table. In addition to the technology providers’ tracking crackdowns, government regulators and privacy advocates increasingly see the tracking that underpins much of digital advertising as a form of involuntary surveillance. And Kumar acknowledged that the advertising industry has not done enough to convince people of the trade-offs of tracking.
“Is the industry doing a good enough job of explaining it? No, it’s not,” Kumar said.
47:1022/06/2021
How the Betches founders turned a blog into a multi-platform media company for young audiences
A decade ago, Cornell students Jordana Abraham, Aleen Dreksler and Samantha Sage created a satirical blog called Betches to share their observations of student life. Now in 2021, the blog has become a multi-platform media company for millennial women that reaches a monthly audience —they tout — of 43 million.
The blog grew with its audience, said Dreksler on the latest episode of the Digiday Podcast, allowing major life events for their audience to dictate new content verticals, podcast subjects and video series, including Betches Moms and Betches Brides. But above all, entertainment and humor led the company’s content strategy. As such, social media has become a key growth platform for the media company over the years.
Like many media companies, Betches has had a lot to consider over the past year, including what its role would be on emerging platforms, how to continue serving its audience who was spending significantly more time online and how to create content for the ever-growing Gen Z demographic.
40:1615/06/2021