Wetpaint CEO Ben Elowitz on the Future of Digital Media
While top publishers pull 5% of traffic from social, Wetpaint breaks a record at 38%
I was pretty excited in December when Wetpaint Entertainment became the #1 social publisher on the web, but this month’s Social Leaderboard chart is like that rare but spectacular sunny day in Seattle. For the sake of modesty, I’ll explain further down the page.
Unfortunately, the sun isn’t shining on everyone. Total social traffic to the Top 50 publishers fell by 13% in April. As for social traffic as a percent of overall traffic, the average publisher lost 1.5 percentage points. In fact, 48 of the Top 50 publishers lost ground on social traffic composition this month.
Facebook’s April experiments and changes to the EdgeRank algorithm are likely to blame. Publishers who put Facebook at the center of their distribution strategy were able to rebound quickly, while others fell behind.
MTV made good on its reputation as one of the most social-savvy TV brands by breaking into the Top Five (and bumping CBS down to #7). People reclaimed the #2 spot that it ceded to NBC in March.
Three new players showed up in the Top Ten this month: welcome, The Guardian, Patch, and Yahoo!! The Guardian gets the “most improved” award for advancing from 14th place all the way up to #6.
Of course, as in The Hunger Games, we can’t all be winners on the Social Leaderboard. MLB, Break, and Us Magazine – three publishers who have consistently been in the Top Ten since January – were washed downstream in April. Us Magazine in particular is all wet: after slipping slowly from #3 to #5 to #6 over the last few months, it plummeted to #18 in April. Ouch.
Not only is Wetpaint Entertainment the #1 social publisher for the fifth month in a row, but we’re now getting 38% (a Leaderboard record) of our traffic from social. That’s more than 3x the social traffic of the second-best social performer (People), and almost 8x the average publisher (Top 50 average = 5%). All in a month where we had record reach, as well (more on that soon).
Thanks to the team for working so hard to build and execute a best-in-class social distribution strategy that’s a cut (or two or three) above the rest.