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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| Equality and Opportunity | | | | Sixteen former and current Digital Trends staffers dating all the way back to 2012 shared with Digiday the patterns of racism, sexism, sexual harassment, homophobia and unethical business practices that they bore witness to at their respective times with the company. | | |
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howdy! | Equality and Opportunity | | | | As agencies and companies across the nation take the day off, Black employees and execs say that the recognition of the day is a good first step but that agencies and companies will have to commit to doing more than taking one day off. | | |
| Sponsored by Verizon | | | | Connected TV, programmatic audio and digital out-of-home advertising are three emerging digital channels that will allow marketers to deliver a truly omnichannel experience during and beyond the current crisis. | | |
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howdy! | Equality and Opportunity | | | | Media companies will be tested in their resolve and whether they’ll do the hard work needed to enact lasting change in an industry where too long progressive words haven’t matched up with retrograde practices. | | |
| Sponsored by IAS | | | | Join IAS, Roku, Digiday, and Dentsu as we explore the state of connected TV and how the current global coronavirus pandemic is shaping consumer behaviors, digital trends, and the future of cross-screen advertising. | | |
howdy! | DIGIDAY+ MEMBER EXCLUSIVE | | | | For digitally-native brands, Soho has often been the first place for digitally-native startups to open stores. Now, it’s a ghost town, and is indicative of the challenges DTC brands will face going forward in plotting out their physical retail strategies. | | |
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| Sponsored by Zeotap | | | | Marketers are grappling with linking together numerous customer identities — crucial for deeper insights and better brand experiences. Now, some are calling for innovation around universal IDs, hoping for a better marketing toolbox. | | |
howdy! | DIGIDAY+ MEMBER EXCLUSIVE | | | | A new Digiday survey found that for a quarter of publishers, payments are delayed under two weeks, while for 17%, delays are between two weeks and 30 days. For 20% of publishers, delays stretch past 30 days. | | |
howdy! | DIGIDAY+ MEMBER EXCLUSIVE | | | | In recent years, agencies have touted D&I initiatives, with some hiring chief diversity officers to not only help improve the diversity of their agencies but to better the culture to be more equal and inclusive for agencies. | | |
| Subscriptions | | | | 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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