“If I was invested in one of
these businesses, I would want to exit in 2016.” I do not agree with this
statement from Seth Alpert, of AdMedia Partners. The opportunity to be
successful usually arises when many are failing. Ricardo Bilton of Digiday is
correct when he explains that there is an overabundance of media publishers who
do not make the cut. The reason many media publishers do not make it is because
their business models do not have sources of competencies
that differs from their competition.
Buzzfeed, BI, Mashable all
provide value to a specific target market. They are all able to generate
revenue. However, they cannot sustain a competitive advantage for the long
term because they fail to innovate how their content is created and leave the
fate of their distribution to social networks.
Cha explains that in
order to sustain a competitive position for the long term firms must have
unique resources, marketing, and resource leveraging. New media publishers have
the same access to the old resources, marketing tactics, and leverage on
social media that Facebook provides to its most viewed media publishers.
In order to increase unique viewership, popular media outlets must begin to create
their own marketing campaigns and leverage
other platforms. Buzzfeed's extension into Snapchat and other
social media outlets is a great example of this.
http://www.techinsider.io/buzzfeed-gets-21-of-its-traffic-from-snapchat-2015-9
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