Internet Has Changed The Media Business Model

 Advertising media is a broken business model.

Internet publishing platform Medium is laying off 50 employees, closing two offices and changing its business model from free-to-read, ad-supported content, founder and CEO Evan Williams announced in a recent post on their site.

The company is axing about one-third of its workforce, mostly on the sales and business side, as it moves away from monetising itself through Internet ads. Medium is also shuttering its New York City and Washington, DC offices.

In the post, Williams touted Medium’s growth in readers and published posts, which were both up threefold year-over-year, but despite that engagement and the onboarding of numerous commercial publishers to Medium’s platform, the company wasn’t able to make enough money for its content creators (those who didn’t have subscription memberships) solely through its reliance on Internet advertising.

“In building out this model, we realised we didn’t yet have the right solution to the big question of driving payment for quality content. We had started scaling up the teams to sell and support products that were, at best, incremental improvements on the ad-driven publishing model, not the transformative model we were aiming for,” Williams wrote.

“To continue on this trajectory put us at risk , even if we were successful business-wise , of becoming an extension of a broken system.”

Williams said ad-driven media in itself is that “broken system,” and said the company would take a different tack as it moves forward with its business model.

TheWrap

 

« 2017: Cybersecurity At A Turning Point
Are You Ready For State-Sponsored Cyber Attack? »

Infosecurity Europe
CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

Jooble

Jooble

Jooble is a job search aggregator operating in 71 countries worldwide. We simplify the job search process by displaying active job ads from major job boards and career sites across the internet.

North Infosec Testing (North IT)

North Infosec Testing (North IT)

North IT (North Infosec Testing) are an award-winning provider of web, software, and application penetration testing.

ManageEngine

ManageEngine

As the IT management division of Zoho Corporation, ManageEngine prioritizes flexible solutions that work for all businesses, regardless of size or budget.

Clayden Law

Clayden Law

Clayden Law advise global businesses that buy and sell technology products and services. We are experts in information technology, data privacy and cybersecurity law.

Alvacomm

Alvacomm

Alvacomm offers holistic VIP cybersecurity services, providing comprehensive protection against cyber threats. Our solutions include risk assessment, threat detection, incident response.

ComSec LLC

ComSec LLC

ComSec perform threat assessments to identify vulnerabilities and help protect businesses against corporate espionage via electronic eavesdropping.

Conix

Conix

Conix offerings include Governance and Risk Management, Auditing and Penetration Testing, Digital Forensics, Managed Security Operations Centre (SOC).

Cyber8Lab

Cyber8Lab

Cyber8Lab provides cybersecurity training programmes simulating real world cybersecurity incidents such as web defacement, malware, phishing, digital forensics analysis and wireless intrusion.

ISGroup (Information Security Group)

ISGroup (Information Security Group)

ISGroup services include network penetration testing, Web application penetration testing, ethical hacking, vulnerability assessments, code review and associated training.

Lacework

Lacework

Lacework brings speed, scale, and automation to cloud security and allows security and DevOps teams to collaborate on keeping data and applications safe.

972VC

972VC

972VC was created to help entrepreneurs find potential funding for their startups. Your guide to the Israeli startup funding ecosystem.

Inspira Enterprise

Inspira Enterprise

Inspira Enterprise is a leading digital transformation company with expertise in Cyber Security, Internet of Things (IOT), Blockchain, Big Data & Analytics, Intelligent Automation and Cloud Computing.

NexGenT

NexGenT

NexGenT have combined military-style training with decades of network engineering and cyber security experience into an immersive program to get people into cyber security fast and effectively.

MainNerve

MainNerve

MainNerve helps secure networks, applications, people, and facilities… enabling businesses to reduce risk and increase their cybersecurity posture.

Nextgen Group

Nextgen Group

Nextgen Group is a pioneering technology services group with innovative and unique services across enterprise software, cloud, data management, and cybersecurity solutions.

DigitalPlatforms

DigitalPlatforms

DigitalPlatforms SpA is an Italian group with the mission of providing end-to-end solutions and Internet of Things and Cyber technologies to companies that manage critical infrastructures.

ANY.RUN

ANY.RUN

ANY.RUN is an interactive online malware analysis service created for dynamic as well as static research of multiple types of cyber threats.

Cybercentry

Cybercentry

Cybercentry is a specialist information security, data protection and cyber security consultancy.

Code First Girls

Code First Girls

Code First Girls are on a mission to close the gender gap in the tech industry by providing employment through free education.

Aspiron Search

Aspiron Search

Aspiron Search is a niche-focused Cybersecurity search firm that works exclusively with venture-backed Cybersecurity firms.

Secher Security

Secher Security

Secher Security is a professional and secure partner with a high level of professional expertise in simplifying and optimizing complex IT infrastructures.