Join us Dec. 1-3 in New Orleans for the Digiday Programmatic Marketing Summit
There’s no shortage of doom-and-gloom talk when it comes to the future of media in a digital world of abundance. The “content-is-free” crowd doesn’t offer a very appealing business model for professional content creators. Andrew Weissman, a venture capitalist at Union Square Ventures, thinks it’s time media companies get back to standing for something. His thinking goes that in a world of so much information and content, media companies can recapture their mojo by having a point of view and a sense of taste.
If we strip out distribution, promotion and marketing as core competencies, the role of the media company might be, quite simply: curated products chosen by a small group of people who just have better taste than everyone else. In other words, users need to rely on someone or something for taste. Which is hugely valuable. And branded tastemakers make perfect sense. Because taste matters. This is also how it used to work in the past.
Read Weissman’s full post on his blog. Follow him on Twitter at @aweissman.
More in Media
Before AI can think for Immediate Media, it needs clean data to think with
All the will in the world won’t make an AI strategy work without clean, structured data to back it up.
People Inc. strikes Microsoft AI licensing deal as Google’s AI Overviews hit programmatic ad revenue
People Inc. has struck an AI licensing deal with Microsoft to be part of the tech giant’s pay-per-usage AI content marketplace.
How The Times is using AI to model synthetic focus groups from human audiences
The British news publisher has worked with Electric Twin to create a synthetic audience research panel based on The Times’ human reader panel.