barriers to entry NYT Write-Up For the first time in years, investors have become pessimistic on the main drivers of NYT’s business model – its digital news subscriber potential & its digital news pricing power. This write-up examines base rates for both of these drivers.
Flywheel Featured Scale Economies Shared Scale Economies Shared businesses have a flywheel because their competitive advantages increase as the business grows larger, making it harder and harder for competitors to offer as much value to customers.
Investing Featured The Nature of Content: New York Times vs Netflix How does the nature of content impact long-term margins at media businesses? All else equal, the more durable your content, the less you need to continually spend on content creation. Let's explore that.
Investing When Fixed Costs Turn Variable What happens when a variable cost turns fixed? What happens when a fixed cost turns variable? Let's explore.
