Paul Ross, president of The Economist, joined Digiday editor-in-chief Brian Morrissey for a discussion at Digiday Publishing Summit Japan in February. Some highlights:
For The Economist, the election of Donald Trump has been good for its subscription business. The Economist saw its daily subscription rate go up five times.
“We might not agree with the content coming out of Washington, but it’s a fantastic time to be writing.”
Rossi is a staunch believer in being clear-eyed with it comes to platforms like Facebook. For the Economist, Facebook and Google are a way to drive subscriptions, often through providing samples of their content to a new audience.
“If [platforms] are an extension of your advertising business, then beware because that’s not in my mind a long-term, viable position.”
“These platforms have no moral obligation to support good media. They don’t care.”
Reality check for content studios. Publishers are getting into content studios, but they’re finding that the margins for the agency business are not as good as media.
“What we’re seeing is media businesses are winning business based on the quality of their idea, not on their audience. Ultimately with programmatic and data, you can find audiences wherever they are.”
More in Media
Assessing the fallout of Google’s ad tech antitrust trial
Parsing the probable, possible, and plain absurd, including what a divested entity may look like.
Digiday+ Research: How programmatic shook out for publishers in 2024
Programmatic ads have remained a significant source of revenue for publishers throughout 2024, but it’s possible that in 2025 they could pull back from their focus on programmatic.
What publishers can be thankful for this year
In honor of the Thanksgiving holiday, here are some things the media industry can be thankful for.