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Digital-only organizations are searching for successful revenue models, just like legacy organizations

Nieman Lab

Digital-only organizations are facing some of the same problems as legacy organizations, Ken Doctor writes. Digital-only publications are still trying to find sustainable business models, but it’s not really a “cratering” of the digital news business. Doctor writes: “[What we’re seeing is] a significant recalibration. If people expect these companies to have figured out how to replace the legacy news companies and navigate this new world, they’ve got to think again. There is no secret sauce in news publishing.”

+ BuzzFeed’s reported revenue shortfall is alarming, but it doesn’t necessarily signal a “doomsday scenario” for digital media: A $250 million annual revenue target is an ambitious one for a young media company, Vivian Schiller says, but the hype surrounding BuzzFeed became so large that it was inevitable that it would fall short at some point (Poynter)

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