
Publishers should briefly pause for a second in their rush to have a presence on every platform.
Bloomberg CEO Justin B. Smith said that as publishers pump content directly to Facebook, Snapchat and other platforms, they “need to consider what’s really happening there.” Speaking at the Digiday Publishing Summit in Vail, Colorado yesterday, Smith urged caution.
“It’s not that it’s pure doomsday scenario, but rather a call for caution and really sensible, data-driven and logic-based analysis about where this is all going to lead,” he said.
Bloomberg is “fortunate enough,” he said, not to feel compelled to jump into every trend because its core business is selling data to clients through its terminals, and financial news doesn’t typically resonate well on social networks. Smith also questioned the ultimate wisdom of the distributed model over keeping content in a space where publishers can fully control ad revenue.
“When the tide goes out, it’s going to be an interesting situation,” he said.
More in Media

The Rundown: What Google and the DOJ are proposing for ad tech antitrust remedies
The proposals were outlined in filings yesterday, with a likely trial scheduled for September.

LinkedIn emerges as a serious player in the creator economy
The majority of brands currently spending on LinkedIn influencer marketing are B2B advertisers focused on business uses or professional development, such as Hubspot and Notion.

At Possible, generative AI shifts from shiny object to useful tool, but with a long way to go
At the Possible conference, some asked how AI can be applied to ease the challenges advertisers face due to the fragmented digital landscape.