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OWtakeover

South China Morning Post CEO Gary Liu on navigating a perilous time for Hong Kong

By digiday, media, OWtakeover

Alibaba bought the South China Morning Post in 2015, and brought the Hong Kong newspaper’s paywall down shortly after.

For SCMP CEO Gary Liu, who came on in 2017, that allowed the media property to have “far exceeded” the scale they’d set out to meet. The English-language paper went from 4 million monthly active users, when the paywall came down, to more than 50 million, according to Liu.

Now, said Liu, “it’s about when do we believe we have the right product for us to ask some audiences around the world to start paying for the South China Morning Post again?”

The post South China Morning Post CEO Gary Liu on navigating a perilous time for Hong Kong appeared first on Digiday.

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‘Significant growth’: Bloomberg Media Group CEO Justin Smith on the accelerated shift to subscriptions

By digiday, media, OWtakeover, podcasts

Bloomberg Media Group CEO Justin Smith doesn’t see the advertising business collapsing due to the pandemic. “We’ve historically been an advertising-led business media company,” Smith said at the Digiday Publishing Summit. But his outlook for future revenue lies in subscriptions and live events.

The post ‘Significant growth’: Bloomberg Media Group CEO Justin Smith on the accelerated shift to subscriptions appeared first on Digiday.

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