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E-E-A-T It Google
This week we discuss: Whether Google is Slowly Killing Blogging, Media Asset Market Update , ‘Reddit Can Survive Without Search’, a $150M revenue content site
Hi there 👋,
Welcome to the sixth issue of Media Assets, brought to you by Chris Young and Richard Patey, keeping you up-to-date with the world of digital media assets.
In today’s issue, we discuss:
Is Spencer right that Google is Slowly Killing Blogging?
Media Asset Market Update
‘Reddit Can Survive Without Search’
A $150M revenue content site
Is Google Slowly Killing Blogging?
First up is a debate started by Spencer Haws of Niche Pursuits, who’s obviously feeling pretty annoyed at Google’s recent updates and (in his view) war against niche sites and blogging in general.
I sparked some outrage on Twitter yesterday.
So, I wrote it all up in a blog post. I guess you could say I created my own news!
I suppose this is what a blogger should do?
— Spencer Haws (@nichepursuits)
6:27 PM • Oct 25, 2023
We’re not sure that there’s an intent to kill smaller sites, just that they’re collateral damage in Google’s attempt to keep searchers on its site (by providing answers directly for example).
What is clear though is that small sites will find it harder and harder to attract organic search traffic, and so will need to find other ways to drive traffic. Newsletters for example…
Market Update
This week, Duuce reported 13 new digital media listings that came onto the marketplaces, spread evenly across the major platforms:
13 New listings in this week's Digital Media M&A:
👉2x on @duuce
👉1x on @odysglobal
👉2x @Motion_Invest
👉2x on @EmpireFlippers
👉2x on @acquiredotcom
👉2x @investorsclb
👉2x @micronsioPlus 2 media acquisition news!
— Duuce (@duuce)
11:18 PM • Oct 23, 2023
‘Reddit Can Survive Without Search’
Another war currently raging in online media is between content providers/forums such as Quora, and generative AI companies such as OpenAI.
The former accuses the latter of ‘stealing’ its content when its bots crawl content sites to feed its machine learning algorithms.
One potential measure being considered by Reddit is to close off its site to crawlers. But this would also have the effect of closing off Reddit to Bing and Google, both of which use crawlers to compile search results.
It seems (or at least they claim) that they are able to survive without search, presumably because users go straight to its site and their favourite subreddits.
Anyway, here’s more:
‘Nothing is changing’: Reddit flatly denies report that it might wall off its content
— The Verge (@verge)
5:57 PM • Oct 20, 2023
📰 Classifieds
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Beehiiv Done For You: Letter Operators, by Richard, is currently running a $199 offer to set up a new beehiiv account, helping you to quickly launch your newsletter (or switch from legacy platforms such as Convertkit). It even includes a copy of The Newsletter Is The Business. Check it out
$150M+ Revenue Content Site
Last week we highlighted Glen Allsopp featuring the UK’s NerdWallet equiavelent MoneySuperMarket with its Q3 revenues, and now is the turn for the US-based competitor itself:
NerdWallet, the online personal finance resource, posted revenue of $153M for Q3, up 7% year over year.
They averaged 24 million monthly unique users, up 22% YoY, thanks to record traffic to travel content and their personal loans section. 📈
Some quick stats:
- Over 70% of… twitter.com/i/web/status/1…
— Glen Allsopp 👾 (@ViperChill)
12:58 PM • Oct 27, 2023
70% of NerdWallet’s traffic is organic, and its monthly users are up 22% YoY due to its travel and loans content ranking better.
Google certainly isn’t killing huge sites.
Newsletter Shoutout of the Week
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Ok that’s it for this week, give us a reply if you have any suggestions or comments…
Cheers!