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#1203 Ben Smith | Famous Journalist Reveals Media Secrets
The Pomp Podcast
How to Fund a Media Business
I think one thing is when we were about to feed, we had this idea that I talked about earlier on cable that this could be a huge business that could return massively. And actually had we sold to Disney for $600 million in 2014, I suppose it would have to those early investors who were venture capitalists. Media is like media certainly not news in particular is not a business that is going to 10x in three years and give you a sort of venture like return. But if you are good experienced operators and work incredibly hard, can be a pretty good business with a good return.
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