Vox Revenue



Vox Revenue

Vox has launched a program to help keep our explainers and every facet of our journalism free during a time when everyone needs and deserves access to the most important information of the day. Thank you to those of you who have asked for a way to financially support Vox’s journalism. Our mission — to empower our audience through understanding — has never been more clear, and we are so honored that you want to play an important role in it.

Vox Media General Information Description. Operator of an online media publishing agency intended to support sustainable editorial and business practices and lead the responsible direction of the industry. Vox Media, which suffered a revenue drop-off with the COVID pandemic, laid off 7% of its staff this summer. In addition to Vox, the New York-based company’s brands include New York Magazine, SB. Vox is a general interest news site for the 21st century. Its mission is simple: Explain the news. Politics, public policy, world affairs, pop culture, science, business, food, sports,.

How is Vox diversifying its revenue beyond advertising? Commerce is definitely a core growth area for us, especially with The Strategist, which is the New York Magazine shopping site we got after the merger with New York Media. Our ecommerce revenue is up mid-double digits today from a year ago as a result of the ongoing pandemic. Vox Media laid off about 6% employees on Thursday, citing the pandemic's impact on revenue resulting from the economic downturn.

Revenue

Of course, we couldn’t launch this initiative without first … explaining it. So here’s everything you need to know about Vox’s new contribution program.

Why has Vox launched a contribution program?

Vox began reporting on this pandemic on January 6, 2020, and since then, the demand for our explanatory journalism has grown. Audiences are finding our style of breaking down complicated information into clear, concise explainers essential to understanding this evolving story.

On March 10, before social distancing was as widely enforced across the US, Vox published a piece that exemplifies our expertise in taking scientific information and formatting it in a way that is accessible and clear. How canceled events and self-quarantines save lives, in one chart has been viewed more than 9.4 million times (twoposts from former President Barack Obama didn’t hurt). Our subsequent video on the same topic has been viewed more than 6.2 million times on YouTube and translated by our audience into more than 75 languages; both the Italian state police and the Department of Health in the Philippines made their own version of the video to inform their public.

It’s clear to us, and millions of you, that this work is important. We want to keep providing you with free articles, videos, and podcasts at the quality and volume that this moment requires.

Doesn’t Vox make more money when more people read, watch, and listen to it?


Video: The Path Forward: Employee Mental Health (The Washington Post)

It’s true, after the pandemic hit, more people turned to Vox than at any other time in our six-year existence.

Vox provides all of its content free — and we are committed to keeping it that way. Vox Media has a very diversified business, but without a subscription product or a paywall at Vox, advertising is still a major revenue source for our network.

But we can’t rely on advertising dollars alone as the public need for our service grows. That’s why we are turning to you, our loyal audience, for support.

How will contributions be used?

Your support will enable our staff to offer free articles, videos, and podcasts where we’ll continue to cover the ins and outs of this crisis. Here are a few examples of what your contribution could help us do:

  • Continue to produce science explainers that clarify this moment and enable you to keep yourself and your family safe. So much is still being discovered about this virus and how it impacts people. And whether it is an explainer on how the virus spreads, what symptoms to look for, why testing has lagged, how soap works, or how to safely social distance, we will be here for you with key information you need now.
  • Explain the biggest obstacles America faces battling this deadly pandemic and the key lessons the US should learn from health care systems around the world. We have all seen the ways coronavirus has tested the American health care system. Vox has always been known for our deep, wonky expertise on health care policy. We are uniquely suited to explain the biggest obstacles America faces battling this deadly pandemic and the key lessons the US should learn from health care systems around the world.
  • Create distinctive coverage with altruistic values at the core. Our Future Perfect vertical is highlighting the ethical rules of social distancing, why sending Americans checks is a good idea, how to use mindfulness in a pandemic, and how you can help AI predict the spread of coronavirus. We are covering this pandemic with a global perspective, and will ask the important questions of how we can all act to reduce the most suffering in the world right now.
  • Produce compelling content for audiences on the platforms where people — especially young people — spend their time. It’s important to combat misinformation with high-quality journalism. Vox’s video team is best in class at answering big questions about the issues that matter most. With our YouTube-native journalism and our sharp news explainers on Facebook, we are able to reach a much younger demographic. On YouTube, where 40 percent of our subscribers are under 25, we’re seeing the incredible reach of our videos on how soap kills the coronavirus, how coronavirus is worse than the flu, and what it means to “flatten the curve.” These three videos alone have been viewed more than 20 million times on YouTube. We’re in a unique position to spread valuable, trustworthy information to a crucial audience on platforms where disinformation often thrives.

Your financial contribution will support all of our work across our website, YouTube, and podcasts.

Is this contribution tax-deductible?

No, your contribution is not tax-deductible. This is not a charitable donation. Even though there is no tax break, there is the benefit of knowing you’re stepping up to do your part to make sure the public is informed. Thank you.

How does someone make a financial contribution to Vox?

Glad you asked. Click here to contribute. And thank you so much.

July 16, 2020 | By Evan DeSimone – Independent Journalist@Media_Evan

The coronavirus pandemic has disrupted every sector of the global economy, and digital publishing is no exception. The virus and the resulting lockdowns have depressed ad spend and changed consumer behavior. It has also forced publishers to rethink foundational aspects of a business model that was already under pressure. For many publishers, the pandemic has increased these pressures and accelerated trends that were already on the horizon. In particular, it has hastened the need to shift to a greater reliance on subscription revenue.

In recent years, publishers have worked to diversify their revenue streams. However, the pandemic has challenged this revenue remix as advertising rates have fallen precipitously and live events remain off the table for the foreseeable future. At the same time, media companies have seen spikes in traffic as consumers seek out information about the virus or new content to pass the time in lockdown.

We spoke to two leading digital publishers that have been successfully navigating this period of change. We discussed how the pandemic has impacted their subscription programs, their strategies for converting new readers into paying subscribers, and how they plan to maximize retention.

Vox Media Revenue 2020

Two reader revenue models

Corinne Osnos manages Audience Strategy at Vox Media. The digital publisher operates a portfolio of properties across multiple verticals and has not historically relied on reader revenue. Vox Media maintains a diversified revenue model across its portfolio that includes advertising, branded content, and commerce across print, digital, audio, and video content.

Last year, however, Vox acquired New York Media, which is heavily grounded in reader revenue from subscriptions. New York Magazine and its related digital properties – like Vulture, The Cut, and Intelligencer – use a metered paywall through which they allow readers to sample a limited amount of content before prompting them to subscribe. In April, Vox Media rolled out a reader contribution model on Vox.com to better leverage reader revenue for the network.

Vox revenue model

Emilie Harkin is Executive Director of Customer Growth at The Atlantic, a news, politics, and culture media brand. Launched as a print magazine in 1857, The Atlantic has extensive experience with reader revenue having relied primarily on subscriptions along with live events to support itself for over 160 years. In September of 2019, it rolled out a pay model for its digital property for the first time. Like New York Magazine, The Atlantic uses a metered paywall that gives readers a chance to try before they buy.

How they’re gaining

Vox Telecom Revenue

Both publications have seen significant traffic and subscriber growth since the start of the pandemic. According to Harkin, The Atlantic has seen subscriptions rise steadily since March, with growth outpacing pre-pandemic projections. She attributes this additional growth to the decision the magazine made in March to exempt its coronavirus content from the metered paywall. They provided readers with unlimited access to The Atlantic’s in-depth reporting on the virus.

Vox Revenue

“We felt really strongly that ungating our Coronavirus coverage was a public good,” Harkin said of the move. For now, The Atlantic plans to keep essential COVID coverage ungated indefinitely, replacing its paywall meter with hyperlinks that direct readers to a hub that aggregates all the magazine’s coronavirus coverage. Despite the decision to steer this new audience toward more free content, Harkin still credits The Atlantic’s pandemic journalism with driving growth across the magazine.

People “wanted to see what The Atlantic had published about the Coronavirus. But we also saw that people did move from the Covid coverage to other areas of the site.”

New York Magazine is also seeing substantial subscriber growth in the time of Coronavirus. When asked to compare subscriber gains during the pandemic to pre-pandemic projections for 2020, Osnos points to April, during which the magazine saw its single largest month of subscriber growth on record. They added roughly three times as many subscribers as compared with the same period in 2019.

Vox Media is also leaning into member-only virtual events and community building to drive growth during the pandemic. “This week, we announced the launch of “Inside New York.” The new subscriber-only event series gives our readers an unfiltered behind-the-scenes look at our magazine. “We also launched Pivot Schooled, a first-of-its-kind virtual event series bringing New York’s award-winning Pivot podcast to life,” said Osnos.

Vox Nutrition Revenue

“As we scale for a larger audience, we’ve remarketed our Vulture membership program to foster a digital community. Best auto clicker for mac reddit. We’re utilizing the program to deepen brand appreciation and grow paid subscriptions.”

How they are maintaining

While growth remains steady, both publishers are taking steps to ensure that they retain these new audiences post-pandemic. The unusual circumstances driving the growth mean that it’s difficult to predict what will happen when life starts returning to normal. Osnos and Harkin aren’t leaving anything to chance. Both are rolling out new email marketing and reader communication strategies to cement their connection with readers.

Vox Media Revenue 2019

“We’ve been working on deepening our subscribers’ relationship to our brands through onboarding and engagement campaigns. But we’ve not seen churn definitively tied to economic or editorial reasons thus far,” said Osnos. “Our largest successes for mitigating churn are often the direct results of improvements to our billing and renewal communication series. We find that transparency with matters of account and expanding our subscriber benefits with events, supplemental content, and other benefits have provided the greatest results when retaining subscribers.”

According to Harkin, The Atlantic will also emphasize communication and reader connection. “We really value the relationship with our readers. We’re constantly evolving and developing our retention plans through email welcome series and onsite experiences as well as how we talk to people throughout their life with email marketing and on social media.”

A new normal

It is unclear how long Covid-19 will be with us and which of the changes to daily life and reader habits will persist once the virus is contained. What is clear is that, in the near-term, publishers’ reliance on reader revenue will be greater than at any other time in the digital era. The work publishers do to grow subscriptions today, and to retain those subscribers as the situation evolves, will determine how well-positioned they are to survive and thrive.

Vox Media Revenue

As for Osnos and Harkin, both expressed the belief that the success of their efforts ultimately rests not in the hands of marketing or revenue teams, but with the quality journalism of their respective publications. As Harkin puts it, “What people ultimately subscribe to is your journalism. So, as long as the quality of your journalism is there, and the quality of your marketing reader relationships match the quality the journalism that you’re producing, you’ll have a pretty winning combination.”

Vox Mobile Revenue

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