Marketing School | Digital Marketing | Online Marketing

In episode #2454, we talk about what BuzzFeed and Vice's declines tell you about media businesses. Once valued at nearly $6 billion, Vice is reportedly preparing to file for bankruptcy, becoming the latest in a string of media empires to collapse with dwindling interest and revenue. The decline of Vice follows shortly after BuzzFeed News announced its closure in April, a move that brings a pioneering era of digital journalism to a close. What happened? And what can you learn from it? Join us as we discuss why this is happening, what we think these companies could have done differently, and more! TIME-STAMPED SHOW NOTES: [00:00] Today’s topic: What BuzzFeed and Vice's Declines Tell You About Media Businesses. [00:55] Reasons that digital media companies are declining. [01:53] Why do we recommend monetizing a product or service, not media? [03:05] How Logan Paul’s PRIME illustrates the value of leveraging your distribution. [04:29] Ways to increase profit margins using equity. [04:57] Why it’s the s