Morning Brew Daily Vice Media Bankruptcy, Meet the New AI Datebot & Eurovision is Big Business
May 15, 2023
Kyle Heggie returns to share insights on Vice Media's bankruptcy and its implications for the news industry. He discusses the dramatic rise and fall of Vice, linked to social media and venture capital dynamics. The conversation shifts to Eurovision as a booming cultural event, alongside Turkey's presidential election. They also explore the emergence of AI companionship with CarynAI, highlighting ethical implications and the potential for personal connection. Finally, the excitement around the growing sport of paddle adds a light-hearted note to the discussion.
AI Snips
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Transcript
Episode notes
Commencement Speakers
- Neal and Kyle discussed their college graduation speakers.
- Neal had Cal Ripken Jr., while Kyle had Josh Gad (Olaf from Frozen).
Vice Media Bankruptcy
- Vice Media, once valued at billions, filed for bankruptcy after declining ad revenue.
- Their over-reliance on social media and expensive video content contributed to their downfall.
Media Company Advice
- Media companies should prioritize focus and a sustainable business model.
- Overexpansion without monetization can lead to failure, even with great content.
