Making Media
Episode 9 The Modern Media Landscape
Making Media

Episode 9: The Modern Media Landscape

Making Media

Episode 9

The Modern Media Landscape

Simon Owens is a longtime journalist, marketer, and PR professional. We cover the anatomy of a modern media company, how to best implement a subscription product, and the key to building defensibility as a media business.

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Show Notes

(00:02:20) - (First question) - Simons’ history in media and what he thinks is happening right now with new companies compared to previously successful ones

(00:05:20) - A case study for the archetypical 2023 media company 

(00:07:28) - A swing back towards advertising in media companies 

(00:08:59) - Thoughts on Substack and Puck and which model will emerge as the standard

(00:10:49) - What pulled him in the most to make the switch over to Substack 

(00:13:52) - Whether or not he’d stay on Substack if they changed their take rate 

(00:15:22) - Best practices for implementing subscription models

(00:20:34) - Lessons to take away from The Athletic experiment 

(00:22:58) - Whether or not there’s truth to the claim that investigative deep dive journalism is dying out

(00:24:51) - The narrative that every company wants to become a media company 

(00:26:59) - Ways where becoming a media company has worked well like Hubspot 

(00:28:23) - The push and pull between a company and their media arm 

(00:30:04) - Whether or not there will be dedicated mediums for multimedia brands 

(00:32:21) - Thoughts on YouTube shorts winning the short form video wars

(00:33:56) - How important events are for media companies and why they do them

(00:35:24) - Overall audience size and the shift in monetizing with advertising 

(00:39:09) - Different data points that can be collected from various platforms and the role they play in informing delivery writ large 

(00:40:39) - Whether or not the shift back towards email lists is here to stay or cyclical 

(00:43:14) - Cultivating community and where he stands on community building in media 

(00:45:19) - What creators and companies can do to build up their defensibility

(00:46:23) - Axios’ ten thousand dollar subscription product 

(00:49:17) - The one media business that’s likely to have a stronghold on the industry in ten years from now 

(00:51:35) - De-brief

The Modern Media Landscape

Introduction

Matt
For this week's Making Media, we sit down with long-time journalists and media man, Simon Owens. I've been reading Simon's work for several years now, and I appreciate all of his perspectives are rooted from actual experience. He started in newspapers. He's worked with large brands like U.S. News & World Report, PBS, The Atlantic, The New Yorker, ESPN. And now he writes independently on Substack.

But he's even shared why he moved from Medium to Substack. So he's a true practitioner in the industry he covers, which we love. This conversation covers a range of media topics. So please enjoy and stay tuned for our debrief to conclude the show. Thank you.

Today's Media Business

Matt
All right, Simon, excited for this conversation today. I have been following your work for a few years now. And one thing I've always appreciated is that you have this history in media. You've been a practitioner for a long time, way back to the newsletter days. You have this journalist background. And I think that helps just in terms of perspective for everything that's happening today, but also everything that happened in the past.

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