2017 will almost certainly be a terrible year for the media industry, if you view industry-wide layoffs and cost-cutting to be a bad thing. There’s a case to be made that media companies are smart to be stripping down and trying to do more with less, considering that no one has yet figured out a business model that will work for a wide swath of the industry. The darlings of the biz — The New York Times, The Washington Post, BuzzFeed, etc. — should be fine, but I expect the companies in Tiers B through D to really suffer next year.
In particular, I expect a handful of VC-funded digital media companies to either sell low to bigger companies or implode. While most of these companies don’t want to be associated with Elite Daily, The Daily Mail’s recent decision to write down the value of its 2015 acquisition is bad news for this corner of the industry. Digital media just isn’t a great business right now, and the idea of “acquiring millennials” by buying up a site like Elite Daily has now proven to be at best very risky and at worst extremely dumb.
I imagine that a few companies will hit the brakes on producing branded content next year, since it’s expensive to make and there’s way too much of it flooding the market. It seems pretty clear at this point that branded content will not save the media industry. It won’t replace print advertising, and it won’t prop up digital companies that don’t make any consumer revenue and are relying on the promise of it to back up their lofty valuations.
I hope that we’ll actually start seeing some TV shows from the digital media companies — like BuzzFeed, Vox Media, and Mashable — that have been talking about TV for a while now. TV is hard to make, of course, but I’m ready to see whether there’d actually be an audience for a BuzzFeed show. (We’ll find out soon whether there’s an audience for a BuzzFeed movie, with the Brother Orange feature — starring the guy from Big Bang Theory — in development.) These companies are hoping that TV will provide a healthy new revenue stream, and something of a contingency plan if marketers lose interest in branded content.
In 2017, I sincerely, earnestly hope that journalists will stop fighting on Twitter over minor differences in opinion or style. Fighting on Twitter is fun but not productive. Besides, things are rocky right now, and we need to huddle together, not subtweet the shit out of each other for no reason. That being said, I reserve the right to publish snarky tweets about dumb headlines.
Jeremy Barr has covered the media industry for Politico and Ad Age.
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Alexis Lloyd Public trust for private realities
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Amie Ferris-Rotman Вслед за Россией
Andrea Silenzi Podcasts dive into breaking news analysis
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Sarah Marshall Focusing on the why of the click
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Maria Bustillos “It’s true — I saw it on Facebook”
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Joanne Lipman The year of the drone, really
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Tracie Powell Building reader relationships
Andrew Losowsky Building our own communities
Sam Ford The year we talk about our awful metrics
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Doris Truong Connecting with diverse perspectives
Matt Waite The people running the media are the problem
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Sarah Wolozin Virtual reality on the open web
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Gabriel Snyder The aberration of 20th-century journalism
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Andrew Ramsammy Rise of the rebel journalist
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Lam Thuy Vo The primary source in the age of mechanical multiplication
Mathew Ingram The Faustian Facebook dance continues
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Peter Sterne A dangerous anti-press mix
Vivian Schiller Tested like never before
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Steve Henn The next revolution is voice
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Michael Oreskes Reversing the erosion of democracy
Valérie Bélair-Gagnon Truthiness in private spaces
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Rachel Sklar Women are going to get loud
Jonathan Stray A boom in responsible conservative media
Matt Karolian AI improves publishing
Mary Meehan Feeling blue in a red state
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Jim Friedlich A banner year for venture philanthropy
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Tressie McMillan Cottom A path through the media’s coming legitimacy crisis
Molly de Aguiar Philanthropists galvanize around news
Annemarie Dooling UGC as a path out of the bubble
Libby Bawcombe Kids board the podcast train
David Weigel A test for online speech
Jonathan Hunt Measurement companies get with the times
Lee Glendinning A call for great editing
Sydette Harry Facing journalism’s history
Pablo Boczkowski Fake news and the future of journalism
Ken Schwencke Disaggregation and collection
Andy Rossback The year of the user
Ole Reißmann Un-faking the news
Helen Havlak Chasing mobile search results
Julia Beizer Building a coherent core identity
Keren Goldshlager Defining a focus, and then saying no
Dannagal G. Young The return of the gatekeepers
Mary Walter-Brown Getting comfortable asking for money
Megan H. Chan Cultural reporting goes mainstream
Umbreen Bhatti A sense of journalists’ humanity
Ashley C. Woods Local journalism will fight a new fight
Tim Herrera The safe space of service journalism
Melody Kramer Radically rethinking design
Asma Khalid The year of the newsy podcast
Emi Kolawole From empathy to community
Elizabeth Jensen Trust depends on the details
Ray Soto VR moves from experiments to immersion
Christopher Meighan Unlocking a deeper mobile experience
Mike Ragsdale A smarter information diet
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Liz Danzico The triumph of the small
Bill Keller A healthy skepticism about data
Samantha Barry Messaging apps go mainstream
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