#dinomedia  / #newmedia  food for thought:

"...It is clear *there has been a rapid migration of capital and interest toward news coverage and analysis, which had been the odd man out for much of the tech boom.* Is there a big and lasting business being built or simply a lot of to-ing and fro-ing by entrepreneurs and investors taking advantage of suddenly fast and loose cash?

The spectacular rise of Vice Media is partly what has turned heads. Vice, which began life in 1994 as a bawdy lifestyle magazine by a couple of guys out of Montreal, sold a 5 percent interest in August to 21st Century Fox for $70 million. That gave a value of $1.4 billion for the company, which produces a lot of news and entertainment and has content agreements with HBO, along with a growing online video business and an in-house advertising agency.

Now everybody wants to be Vice or be Vice-like, or have a piece of Vice. For the longest time, the founder, Shane Smith, talked about Vice becoming the next CNN, which sounded outrageous. Now that it is valued at five times what The Washington Post recently sold for, it doesn’t seem quite so silly.

[ Yup. More on the WaPo firesale here:
plus.google.com/+alexschleber/posts/bem2w19i4SM
and here:
plus.google.com/+alexschleber/posts/7LxZj6XvJDT
]

Michael Moritz has worked in legacy media — at Time magazine — and now serves as chairman at Sequoia Capital, a Silicon Valley financing stop of first resort. He said he believed that both a build-out and a shakeout are underway.

“It’s a generational changing of the guard happening with greater speed than at any time before,” he wrote. “Afternoon and morning newspapers, TV and cable network news shows, monthly and weekly newsmagazines all had times when they reigned supreme. These days the reigns are briefer than ever because the march of technology has quickened to a trot.”

[ Note that this is also a generational  #branding  issue: Older, well-worn brands are just not as familiar/important anymore to 1.5 generations now raised on the Web... late Gen-X, all of Gen-Y.]
...
Kevin Ryan, one of the founders of Business Insider, said that the site has had nine consecutive quarters where the revenue per page was rising.

“This is not a bubble,” he told me. “There are fundamental secular trends behind it — ad growth, mobile growth, page-view growth — that suggest the large media companies of tomorrow are being created right in front of us, right now.”
"---

Related/relevant:
"The Mother Of All Disruptions"
plus.google.com/112964117318166648677/posts/VmqS8vE8Z5F

And on Dinomedia complicity with the current Western status quo:
plus.google.com/112964117318166648677/posts/CgudvnbwmKA

/cc +Gregory Esau +Brian Titus +John Kellden +Cindy Brown +Alexander Becker +Max Huijgen +David Wood 
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