Julian Wyllie of Current had a great conversation with Evan Shapīro about why public media -- and by extension, all media -- needs to give more decision-making authority to a younger generation.
The whole thing is worth a read, but here's my favorite exchange:
Current: I also think of the New York Times as an example of a legacy media property transforming with the times. Can you think of others?
Shapiro: It’s hard to find another.
Current: Could you think of even two?
Shapiro: [Laughs].
Current: [Laughs]. I guess that’s your answer.
Translation: The New York Times has done a solid job transitioning to the digital age, but it's a unicorn.
The other media companies are all in trouble and, as Shapiro points out, too often they don't recognize who their real competition is:
"I don’t care who you are, if you’re in the media business — audio, video, gaming or social — your biggest competitor is YouTube. But no matter how much data I or other people put out there, most media companies still don’t understand that. Netflix doesn’t understand that. And if Netflix doesn’t understand that, it’s kind of excusable that PBS and its local affiliates might not yet understand that."
"[M]edia companies are not training themselves to compete with YouTube. They’re ultimately going to fall behind long-term because of how much of the audience is going to continue to be driven by [platforms like YouTube]. You know, the Mr. Beasts of the world and the Trixie Mattels of the world and the Logan and Jake Pauls of the world."
"[I]t’s a generational issue inside the upper echelons of the media industrial complex writ large. PBS is a symptom of that. But they are hardly, hardly alone."
"Global publishers in media tend to get to new technologies a little late. I don’t think PBS is necessarily lagging behind too much of the rest of corporate media. Just look at Warner Bros. Discovery and how much of a mess they are."
If local public media outlets want to compete with a global behemoth like YouTube, they must give their audiences something that YouTube can't.
https://lnkd.in/gTQWEXUP
EVP Managing Partner, Innovation & Performance Audio at Horizon Media | Cynopsis Top Women in Media 2020 | Adweek Media All Star
3moNatalie Henderson keep doing your thing and continue to shine! Proud of you 👏