Edition #83

Two big trend reports, plus HBO cancels Vice News show and Axel Springer eyes buyout.

Links 🔗

Mary Meeker’s Internet Trends 2019 presentation is here. Every year, Meeker (a veteran VC partner) releases a slide deck outlining the state of the internet as she sees it. Highlights from this year:

  • India has the second-biggest population of internet users, and is the market with the largest potential for growth (@jeremysliew)

  • Print is going away and never coming back (Nieman Lab)

  • 62% of all digital display revenue comes from programmatic ads, and that number is growing (Vox Recode)

  • 87% of all web traffic is encrypted, up from 53% in 2016 (Fast Company)

See the whole presentation here: Internet Trends 2019

Also, the Reuters Institute released their Digital News Report 2019. One especially worrying point for the recent trend in subscriber-focused growth: Most people globally only pay for one digital subscription. (Reuters Institute)

Related: The 5 essential charts from the Digital News Report 2019 (What’s New In Publishing)

A really interesting interview/profile of Bryan Goldberg, owner of Bustle/Gawker/Mic/Elite Daily. In a time when most of digital media seems to be stumbling around for a direction, Goldberg has a clear if worrying pitch: “His playbook is to buy struggling websites for cheap, cut their costs by using Bustle’s own engineers, offices, and ad sales team, and not raise large sums of money that would force his company to grow too quickly.” (Bloomberg)

HBO canceled Vice News Tonight. The show will continue to air until September, and Vice is actively looking for a new home for it. But Josh Tyrangiel, the exectuive behind the show, is leaving Vice at the end of June. (AdWeek)

More details emerge on Quibi, the forthcoming streaming app from Jeffrey Katzenberg. It will launch in April of 2020, with two tiers of pricing: $4.99 with ads, $7.99 without. The company has already raised TWO BILLION DOLLARS. And they plan to spend nearly a half billion on marketing over the next year, and will have about 7,000 short-form videos made in the first year. (The Verge)

German publishing giant Axel Springer is considering a private equity buyout. Private equity firm KKR & Co. is looking to buy out minority shareholders in Springer in a move that would value the company at $7.7 billion and take it off the public market. (Bloomberg)

Related: Springer also announced plans to combine two of it’s big U.S.-based subsidiaries: Insider Inc. and E-Marketer. What does this all mean for the model of VC-backed media companies? (Fast Company)

Watch 📺

The Craig Newmark J-School is offering free online video masterclasses in journalism, starting with David Fahrenthold talking about investigative journalism and Jennifer Brandel on people-powered journalism, with more coming soon! (Craig Newmark Graduate School Of Journalism)

Look for Tik Tok at the end: The most popular social media networks per year, based on monthly active users, animated. Is Tik Tok the fastest to reach half a billion ever? From the numbers here, it would seem so! (The Next Web)