The inevitable next step in the downfall of Sports Illustrated just happened. I don’t know if it was inevitable but selling to Minute Media made it clear that it was going to die. They were never going to be a good steward of a legitimate asset.
@airgups23 The deadly combination of strategizing yourself into a corner and having no functioning oversight (his BOD has a 45% vacancy rate and another member just quit her job) means that Jeff can just keep repeating the same nonsense forever. Nobody will hold him accountable.
@BradAT TDD isn’t properly describing to the world why OpenAds makes things better. They are saying that it will make pubs more money but recent news has made it clear that self-preferencing is a well-tested strategy for them. How does this make the ecosystem better?
@jdonovan42@ANTHONY57760832@SimonJHarris Q4 2024 was the biggest non-Covid miss in their history. That was the comp that they just grew 13% against. This ain’t the stock to invest in. Entire industry aligned against them.
@jdonovan42@ANTHONY57760832@SimonJHarris Go back and look at beg of 2025 forecasts and where they ended up. <15% growth was not in the cards at the beg of year. Amazon not the only comp pressure. Every agency (and SSP) is essentially a competitor; they compete for the margins each takes. This article all about that.
@jdonovan42@ANTHONY57760832@SimonJHarris Shorter answer…. Their business is in trouble. No path to the growth needed to maintain their valuation. $5 more likely than $75
@aripap@ChrisHarihar There’s so much money out there, someone might just reassemble 60Min elsewhere. McKenzie Scott and Laurene Jobs could probably do it by themselves.