Insight certainty 4/5 debate potential 2/5

VandeHei: Media is the most cost-effective way to build a brand

Jim VandeHei · The 4th Estate: How Media is Changing in Washington, D.C. · Feb 6, 2023 · at 3:10

Axios cofounder Jim VandeHei explains the primary strategic advantage of media companies during an a16z panel on media business models.

0:00 / 0:10exact quote · 10.3s
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“One of the upsides of media is that it's one of the easiest and most cost effective way to build a brand that has real meaning and real resonance with a big swath of people.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Jim VandeHei

Insight
VandeHei: Venture investors seeking 10x returns should avoid media
“If you're an adventure guy or woman, and you're trying to get a 10 X, Get the hell out of media. Go to healthcare, or go to energy, or technology places that you're much more likely to get that kind of return.”
Jim VandeHei Feb 6, 2023 ▶ 2:34 The 4th Estate: How Media is Changing in Washington, D.C.
Opinion
VandeHei: Twitter ruined mainstream journalism by exposing reporter political bias
“In my personal view on Twitter, in terms of its effect on journalism, is it, ah, I think it ruined a lot of mainstream journalism because a lot of the habits that people thought And suspected about reporters in terms of their bias and their ideology, they were…”
Jim VandeHei Feb 6, 2023 ▶ 6:50 The 4th Estate: How Media is Changing in Washington, D.C.
Assertion Not checkable as stated
VandeHei: Only four or five internet media companies reached durable profitability
“If you look at the history of the internet, there's only arguably four or five successful media companies that have either sold or have gotten to a place of durable profitability, so it's a really hard space.”
Jim VandeHei Feb 6, 2023 ▶ 2:20 The 4th Estate: How Media is Changing in Washington, D.C.
Assertion Supported
VandeHei: Axios bans opinion pages and reporter political posts
“We don't have an opinion page. We ask our reporters to stay off of Twitter and social media platforms expressing their personal opinions.”
Jim VandeHei Feb 6, 2023 ▶ 10:16 The 4th Estate: How Media is Changing in Washington, D.C.
Prediction Not checkable as stated
VandeHei: Most local TV stations and newspapers will die within ten years
“I think most local television stations that you watch today are dead. Most newspapers that exist today in cities and towns, either dead or a tiny shell of them, former selves.”
Jim VandeHei Feb 6, 2023 ▶ 23:42 The 4th Estate: How Media is Changing in Washington, D.C.
Prediction Not checkable as stated
VandeHei: Performative social media dynamics will continue deterring qualified political candidates
“And I don't see that changing. And now, because of that performative dimension, it gets harder and harder to get the people that you know in your life that you think should run for office, that you want to run for office, that you pray run for office, no sane …”
Jim VandeHei Feb 6, 2023 ▶ 16:45 The 4th Estate: How Media is Changing in Washington, D.C.
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