Friday, 21 August 2015
A busy summer
A lot happened in media this summer. First, the world has really woken up to the fact that streming is going to kick a real dent into the TV/Cable business. As a result many large media conglomerates owning TV or Cable assets saw a drop in their share price. Another interesting news is that News is back in vogue! Pearson has sold the FT to Nikkei for a nice price and The Economist has also been sold at a price comparable to that of Buzzfeed, the hot new media startup in which Comcast made an important investment. Who would have thought a couple of years ago that news (printed news) will still be alive in 2015? A lot happened on the new media/tech side as well. Google reorganized to become Alphabet to become more transparent about its diverse ventures. The bulk of the revenues still come from Google of course.... Facebook surged ahead of other social networks, LinkedIn and Twitter, in particular. It is becoming clear that the scale now matters more than what teens find sexy on social media. We will have an interesting Fall!