It's easy to think media is a shit business if you only read about Buzzfeed and Vice. However, there are so many savvy operators out there who've build HUGE companies in the space. A few are:
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There are dozens more. The things I've noticed: -These businesses can last for 50+ years, minting billions in profits over the years. -They can take a long time to make (but can last for decades). -You need people to make them (vs businesses that can get huge with few employees
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- They tend to be b2b but can also have b2c titles - They're sold for relatively cheap right now (but I think that will change) - They tend to have multiple brands - They can have super-niche audiences What else am I missing?
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How cheap is cheap?
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In some cases, 1x revenue.
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@barstoolsports is the conical exampleThanks. Twitter will use this to make your timeline better. UndoUndo
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