Mather Report with David Clinch
David Clinch
#MediaRevenue Consultant at MGP. VP Partnerships - Mather Economics. #MediaRevenue
Apologies for a delayed and brief version of our?#MediaRevenue?review of the week.
My father-in-law, Tom Hogan, passed away this week and I have been with family preparing for a funeral this weekend. There are many reasons that I loved this man, including his long life of service to others. Back in the 1960's in North Carolina and Virginia he insisted that everyone that his office of Human Services dealt with be referred to as "Mr." or "Mrs." in paperwork, regardless of their race or background.
I was also reminded this week that he was also a longtime subscriber to the Raleigh News and Observer, Time Magazine and a donor to NPR. His loyalty to reliable news sources was very important to him throughout his life. RIP Tom Hogan.
There have been a number of important media revenue stories this week and I have included a few below.
We also announced this week that Pete Doucette is joining our Mather Strategic Consultancy practice and I am very excited to work with Pete and our team to support news organizations of all kinds in the U.S. and around the world.
Always?let me know on Twitter?if you spot any?#MediaRevenue?stories I may have missed. If you have any questions or comments about these updates,?please get in touch.?
Here is this week's curated selection of?#MediaRevenue?news:
"Axios is selling at roughly five times its projected 2022 revenue of more than $100 million..."
"Axios CEO Jim VandeHei talked to?Vanity Fair?about expanding the site’s local-news footprint—beyond its current two-dozen cities—launching a high-end subscription business, and keeping the management team in place."
"Marketing Brew observed the mobile game directing traffic to major publishers’ websites using a practice called “rewarded inventory,” where players can earn in-game rewards for sitting through advertisements."
"Where Gannett has spread itself too thin, the Times has found overwhelming success with its longstanding digital-focused plan."
"A data scientist at the New York Times explains how the company is successfully using machine learning to make their paywall smarter."
"An activist investor is agitating for change at the New York Times."
"The News Corp unit that reported the fastest growth was Dow Jones, the publisher of the Wall Street Journal, Barron’s, and MarketWatch, which posted a 26% rise in revenue to $565 million."
"Amid increasing competition for upmarket, English-speaking global audiences, the Post has said the investment will allow it to “deepen and expand the coverage across a seven-day week.”
"Margaret Sullivan is retiring her media column and departing The Washington Post at the end of the month. She will be joining Duke University as the 2023 Pamela and Jack Egan Visiting Professor."
"The tongue-in-cheek feminist publisher Reductress has been acquired by Phenomenal Media, the multimedia enterprise created by Meena Harris."
"Overtime, the sports media company catered to Gen-Z/millennials, has raised a $100 million series D round."
"Mather Economics is pleased to announce Peter Doucette joined its executive team as Senior Managing Director. Pete’s role will be to lead the global strategic consulting practice at Mather, partnering with global clients around digital transformation and developing sustainable business models."