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The social media age for news is over. Former BuzzFeed News editor Ben Smith on what’s next

Decoder with Nilay Patel · with Ben Smith · May 2, 2023 · 71 min

Summary

In a post-social media era for news, Ben Smith, former BuzzFeed News editor and founder of Semafor, discusses how digital journalism is adapting. This episode explores the decline of social platforms as primary news drivers, the hunt for new traffic sources, and strategies for building sustainable news organizations focused on audience engagement over viral chasing. It's a critical listen for media professionals navigating the evolving digital landscape.

Key takeaways

Themes

brand & contentfounder & leadershiporganic & seo

Topics covered

future of digital mediaaudience engagement strategiesnews distribution modelsmedia monetizationbrand building for journalistssocial media decline for newsnewsletter strategyevents for audience building

Episode description

Ben Smith is the former and founding editor-in-chief of Buzzfeed News, the founder and editor-in-chief of Semafor, and the author of a new book called Traffic: Genius, Rivalry, and Delusion in the Billion-Dollar Race to Go Viral, which is about the rise and fall of the social platform age in media, through the lens of Gawker Media and Buzzfeed and, in particular, their founders, Nick Denton and Jonah Peretti. I say the fall of the social platform age pretty literally: just before we spoke, Buzzfeed actually shut down Buzzfeed News, saying it just wasn’t making enough money, Facebook and the rest are all in on vertical video, and the chaos at Twitter means a lot of baseline media industry assumptions are now up for grabs. Ben and I talked about a lot – where do journalists build their brands now? Where does traffic even come from anymore? What’s next? Of course, we talked about Semafor as well. Ben and his co-founder, Justin Smith, raised $25 million and launched a news website, newsletters, and events covering the US and sub-Saharan Africa, with plans to expand into other regions. I wanted to know what lessons from Buzzfeed Ben brought into Semafor and, honestly, how he’s thinking about building an audience instead of just trying to get traffic. This is a good one. The book’s great, too. Transcript: https://www.theverge.com/e/23470662 Links: Traffic by Ben Smith What Colors Are This Dress? TikTok - The Verge Is Substack Notes a ‘Twitter clone’? We asked CEO Chris Best - The Verge MyPillow CEO’s free speech social network will ban posts that take the Lord’s name in vain - The Verge Former Facebook Workers: We Routinely Suppressed Conservative News Cambridge Analytica: understanding Facebook’s data privacy scandal - The Verge 28 Signs You Were Raised By Persian Parents In America Here's The Powerful Letter The Stanford Victim Read To Her Attacker More Than 180 Women Have Reported Sexual Assaults At Massage Envy Macedonia’s Pro-Trump Fake News Industry Had Ameri

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Frequently asked about this episode

What does this episode say about brand & content?
Social media platforms are no longer reliable primary traffic drivers for news organizations; diversify distribution channels.
What does this episode say about founder & leadership?
Focus on building a dedicated audience through direct relationships (e.g., newsletters, events) rather than solely chasing viral traffic.
What does this episode say about organic & seo?
Journalists and news organizations need to actively cultivate their own brands and distribution independent of social media algorithms.
What does this episode say about brand & content?
Monetization strategies must evolve beyond advertising, considering subscriptions, events, and other direct audience support.
What does this episode say about brand & content?
Investigate new content formats and platforms (e.g., vertical video, niche communities) to reach audiences where they are, while maintaining editorial integrity.

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