The average payment terms in the digital media space is 59 days, up from 49 days last year.
| The Digiday Daily will not go out tomorrow due to the company's observance of Juneteenth or “Freedom Day” as an act of solidarity with the Black community. A trend even before coronavirus, payment terms are stretching longer and late payments are becoming more prevalent in the digital media industry as the pandemic wears on. The average payment terms in the digital media space is 59 days, up from 49 days last year. For companies without deep cash reserves — as can often be the case in the digital media industry — late payments can seriously hinder their ability to operate, pay out their own overheads and forecast for the months ahead. Read more below. So far in 2020, invoices are paid nine days late, on average. While nine days doesn’t seem too egregious on the face of things, that’s a substantial increase from the three days average in 2019. For the New York Times, expanding reach into international audiences is key and the company is doing that starting with its portfolio of digital events. TikTok is betting that videos of people demonstrating and teaching new skills will add to its growth and play a bigger part in its future. On top of the daily work load, the constant overhead gloom of the global pandemic and protests aimed at social justice have naturally been at the top of mind for news media staffers. Wanting to combat this stress, publishers have been adding new benefits and extra perks for their entire workforce. Other things to know about Next week: We’ll go deep on everything from why diversified revenue saved the media industry to the death of the third-party cookie at the Digiday Publishing Summit LIVE. Reserve your spot today to join us for an interactive discussion with leaders from Dotdash, The Washington Post, Bloomberg Media and others. The Foundry @ Meredith and Digiday present an open virtual forum, free to attend, on the future of content marketing. With sweeping change as the baseline, join Digiday’s editors and The Foundry’s panel of experts as they highlight topics including remote collaboration, thought leadership in an upended marketplace and staying creative in a time of disruption. | | |
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| Subscriptions | | ‘We don’t need your clicks’: The Dispatch co-founder Steve Hayes on bucking the attention economy | | Subscribe: Apple Podcasts | Stitcher | Google Play | Spotify The attention economy hasn’t just proven to be a losing proposition for media businesses financially. It also encourages quick, outrage-based political coverage that thrives off of (and feeds) poor governance, according to Steve Hayes, CEO and co-founder of the Dispatch. “Everything we’re seeing in our politics has an emphasis on performance,” Hayes […] |
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