
Business Breakdowns Media M&A - [Business Breakdowns, EP.230]
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Oct 9, 2025 In this engaging discussion, Blake Saunders, a media investment banking expert with two decades of experience, dives into the shifting landscape of media M&A. He explores how the internet has transformed media ownership and the rise of VC-driven models. Blake highlights the importance of monetization strategies on platforms like YouTube and the value of premium IP. He also discusses the significance of live sports as appointment-viewing content and the impact of AI on the media industry, predicting that independent creators will thrive in this new environment.
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What Media Actually Means
- Media equals content monetized by subscriptions or advertising and has evolved through many formats.
- Value accrues when you either get paid directly or deliver customers to advertisers.
Internet Changed Owner Incentives
- The internet made distribution free and shifted incentives toward rapid scale and selling rather than long-term stewardship.
- Platforms like Google and Facebook captured advertiser value and disrupted legacy media economics.
Adapt Sell Processes For Media Deals
- Traditional auction sell-side processes no longer fit many media deals; use custom, hands-on processes instead.
- Build advisory platforms that tailor outreach and diligence for fewer, more strategic buyers.
