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.
cohort retention curves Featured Unit Economics & Cohort Retention Curves Churn cannot be reduced to a single number because customer retention is a curve, not a constant.
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 Network Health Network Health is a way of thinking about the edges of a network and trying to understand what is the health of those nodes in terms of (a) the positive/negative feelings those nodes experience & (b) the positive/negative experiences that those nodes create for other nodes.
