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.
How much social traffic did the top 50 web publishers attract in March? The results are in – and it is a mixed month.
Measuring by total visits, March was the second highest month on record for social traffic to the top publishers. The number of social (Facebook + Twitter) visits to the top 50 grew by 2.9% in March to 403 million.
Volume growth aside, social’s share of traffic to the top 50 dropped slightly, dipping by 0.3% in March. That’s because even while traffic from social grew, it didn’t grow as fast as traffic from other sources.
What gives? It’s possible that each and every one of the top publishers’ social media teams was distracted last month by March Madness and solar flares. It’s also possible that Facebook’s aggressive mobile push is putting downward pressure on this measurement (the comScore data we use for benchmarking overall site traffic doesn’t include mobile traffic, alas).
The solar flares must have been particularly distracting to one publisher’s social team: Us Magazine continued its downward slide, falling out of the top 5 entirely this time after dropping last month from 3rd to 5th.
NBC is on a roll, climbing up another rung (after jumping two spots ahead in February) to #2 on the leaderboard. NFL also ran the ball for an impressive number of yards, moving from #9 to #5.
Wetpaint Entertainment continued to hold a definitive lead, outperforming the closest rival by 9.3 percentage points. We’re able to maintain this lead by constantly improving our proprietary social analytics and distribution system through rapid experimentation and a deep understanding of our audience. The amazing thing is that our social growth has not come at the expense of search traffic. Indeed, our search traffic has been rising as a result of our social success, and total traffic has recently hit record highs of 10 million uniques and more.
And we’re not done yet – social users are the most valuable users, and we want more.
We’re back with the Media Industry Social Leaderboard, fresh off the presses with February results. For any newcomers, the Social Leaderboard is a ranking of the top 50 media publishers by their effectiveness at driving traffic from Facebook and Twitter.
From January to February, social traffic composition was flat, with the average staying at 7%. The gap between Facebook and Google traffic coming in to the Top 50, which had been rapidly closing since November, froze in February with Google holding on to its 30% lead for one more month.
Only four publishers in the top 10 improved their social traffic scores this month: NBC (+1.5%) took third place by trading places with Us Magazine (the biggest loser in the top 10 with -3%, now at #5). Break (+2%) and TMZ (+0.5%) leapfrogged the pack of MTV, NFL and MLB, pushing those three back to #8, 9 and 10.
But the biggest mover and shaker was Wetpaint Entertainment. Wetpaint took an even more decisive lead by adding 7% to social traffic composition since January, vaulting it into the elite group of publishers who, based on Compete data, receive more traffic from Facebook than from Google (in good company with People, Yahoo!, AOL, MSN, Fox Sports, and The Post Game).
With 29% of traffic coming from social, Wetpaint is outperforming its closest competitor by nearly 2x. Is this a data aberration? Some kind of leap year phenomenon?
Let me fill you in on the story behind the 29%: over the last two years, we took a gamble by building a new platform for social media distribution. It wasn’t a sure bet, and not many other publishers were doing it, but we had seen compelling evidence that social was the only way forward for the media industry.
We threw all of our time and talent at the problem, building up a fan base while developing and testing and refining new strategies for delivering content through social channels. We collected tons of data in real time about the preferences of our fans, and then we leveraged that insight to personalize and program their newsfeeds.
Today, the rest of the media industry is just starting to figure out the value of winning fans and courting likes. But because of our early investment, we’re already two steps ahead – we’re focusing on what to do with our 1.7 million fans. We’re delivering over 1,000 posts a week, each one targeted for the right fan with the right content at the right time.
And it’s starting to pay off.
It’s time again to check our horses and see who’s pulling ahead in the social publishing race! And the race is definitely on – 85% of the top 50 publishers increased their social traffic this month.
No looking back now
Until I started charting the incredible growth of social and its impact on the rest of the web, I wondered if it might be more hype than actual paradigm shift. But the evidence is mounting beyond reasonable doubt, and this month’s results point to the continuation of rapid growth.
Facebook traffic to the Top 50 grew 9% in January (after growing 17% in December). Not only that, but Facebook is closing the gap with Google: The gap between how much traffic Google sends and Facebook sends to the 50 largest publishers is down to just 30%, from 55% in November. At this rate, I expect Facebook to surpass Google traffic to publishers some time this year.
Note: This analysis includes portals (e.g. Yahoo), which receive more overall traffic but a smaller proportion of Google traffic than the average non-portal publisher, who might see a larger gap.
Favorites hold their lead
At the wire it’s Wetpaint Entertainment (with 22.2% of traffic coming from social) followed by People, followed by Us Magazine. Coming on strong on the outside is CBS, pulling ahead of NBC for 4th place by drawing 14.4% of their traffic from social (up from 11.7% in December).
Wetpaint Entertainment increased its lead this month, adding 1.4% to its social traffic and widening the gap with #2 People by an additional 0.5%. People and Us Magazine increased their social traffic composition by 0.8% and 0.6%, respectively – just slightly more than the Top 50 average of 0.5%. CBS was the biggest mover by far, adding 2.7% to its social traffic.
Ladies and gentleman, place your bets. It’s still anyone’s race, but one thing is for sure: if you’re spending all of your time on SEO and SEM, you’re backing the wrong horse.
Regular readers know that it’s only a matter of months before social becomes the most valuable source of traffic for most publishers.
And this month’s Media Industry Social Leaderboard is sure to make you even more convinced. So let me get straight to it: From November to December, the amount of traffic the top 50* publishers received from social grew by a whopping 17%.
And, when it comes to who is best benefiting from social, let’s just say I’m personally very proud to announce the new leader, which, for the sake of modesty, I’ll do lower down the page.
As noted previously, the major changes Facebook announced at September’s f8 event caused a significant blunt in traffic to publishers last fall. Well, the hangover has ended. With 385 million aggregate visits to the top 50 publishers in December, volumes have recovered to pre-f8 levels.
The average top 50 publisher is now receiving almost 8 million visits per month from Facebook and Twitter. And in December, 48 of the top 50 publishers saw increased social traffic levels over November, with these publishers averaging a 2.1 percentage point increase in their composition.
At the same time, Twitter has grown in its contribution to the traffic pie, increasing over the course of the fall months from 2.2% of total in September to 3.4% in December.

As you know from my prior columns, one of the reasons I’ve published this leaderboard is because we set a goal for Wetpaint to reach #1. What I didn’t tell you previously is the timing: our goal was to do so by the end of 2011. And there is nothing we get more proud of here at Wetpaint than meeting our goals.
In December, Wetpaint Entertainment social traffic benchmarked at 20.8% of visits, even as our total traffic was at near-record levels. (Our internal numbers show an even higher contribution.) This outranks all of the top 50 web publishers, besting the number-two by nearly five points.
Allow me a moment to kvell: I could not be more proud of the entire Wetpaint team who have achieved this goal. Beyond the amazing results, they have built an amazing social distribution system and playbook that leads the industry. With the virtuous cycle the team has built, we are getting significantly better every month.
How did the other leaders from prior months do? People, the previous leader, improved with 16.1% of traffic from social, increasing by 3.9 percentage points even as it fell to the #2 position.
In third place now, US Magazine vaulted all the way up from position 19, improving from an average 3.9% to achieve 14.3% of their traffic from social. If you have any idea what drove their results, let me know.
As for places #4 and #5, CBS and NBC traded their two slots, with NBC gaining by 4.2 percentage points while CBS gained by only 3.5 points. And all of that activity pushed MTV down to #6, gaining far slower than the others. All the details are, as usual, in the table below.
Publishers are clearly benefiting as Facebook delivers on its potential to be not just a network but a social operating system for the internet. In December, we saw the best increases go to the most social publishers (top 10 on this leaderboard), who saw a 4.5 percentage point increase in social traffic composition month to month.
Innovation is attracting large audiences on Facebook. In particular, the four publishers driving traffic via social readers have increased their share of Facebook traffic to the Top 50 web publishers by 70%. Yahoo (not included in the 4 just described) has also begun experimenting with social reader tools across select sites and is seeing strong early results as well. In just two months, Yahoo! News US has reportedly seen a 300% increase in Facebook traffic, driven by 1 million “reads” shared daily.
We are clearly in the land grab phase on the social web. Those who are investing early in social as a top objective stand to gain the most – while others may be left behind.
But as my discussions with other media companies show, social is not a simple check-box initiative. It requires complete buy-in from the CEO to transform the organization with social distribution technology and expertise.
It can be done, as our own experience at Wetpaint as shown: In less than two years, we have launched a new property and already outranked all of the top 50 publishers on the web. Now we want more. And I hope you do too.
Details for all 50 top publishers:
|
MONTHLY RANKINGS |
PUBLISHER |
|
|
||||
|
Dec |
Nov |
Oct |
Name of Publisher (Owner) |
URL |
Monthly Uniques |
% from Social |
Change |
|
1 |
2 |
3 |
Wetpaint Entertainment |
WETPAINT.COM |
3,076,202 |
20.8% |
10.1% |
|
2 |
1 |
1 |
People |
PEOPLE.COM |
13,203,882 |
16.1% |
3.9% |
|
3 |
21 |
19 |
US Weekly |
USMAGAZINE.COM |
9,339,801 |
14.3% |
10.4% |
|
4 |
5 |
5 |
NBC Universal |
NBC.COM |
6,972,501 |
12.3% |
4.2% |
|
5 |
4 |
4 |
CBS |
CBS.COM |
7,367,642 |
11.7% |
3.5% |
|
6 |
3 |
2 |
MTV |
MTV.COM |
9,920,294 |
10.7% |
2.1% |
|
7 |
6 |
7 |
TMZ |
TMZ.COM |
13,208,667 |
9.6% |
2.2% |
|
8 |
13 |
16 |
Break Media |
BREAK.COM |
8,603,649 |
9.4% |
4.2% |
|
9 |
8 |
6 |
Major League Baseball |
MLB.COM |
6,653,288 |
9.3% |
2.3% |
|
10 |
9 |
11 |
Patch (Aol) |
PATCH.COM |
9,917,563 |
8.7% |
2.2% |
|
11 |
14 |
12 |
Discovery Channel |
DISCOVERY.COM |
12,769,340 |
8.5% |
3.4% |
|
12 |
7 |
9 |
Yahoo! |
YAHOO.COM |
167,257,797 |
7.6% |
0.5% |
|
13 |
10 |
10 |
Aol |
AOL.COM |
50,093,953 |
7.4% |
1.1% |
|
14 |
15 |
15 |
CNN |
CNN.COM |
45,650,334 |
7.1% |
2.1% |
|
15 |
12 |
13 |
IGN (News Corp) |
IGN.COM |
10,263,828 |
6.7% |
1.4% |
|
16 |
23 |
25 |
MailOnline |
DAILYMAIL.CO.UK |
16,656,093 |
6.4% |
2.8% |
|
17 |
25 |
22 |
TIME |
TIME.COM |
9,256,468 |
6.3% |
2.7% |
|
18 |
16 |
14 |
TV Guide |
TVGUIDE.COM |
7,546,763 |
6.0% |
1.3% |
|
19 |
11 |
8 |
The Guardian |
GUARDIAN.CO.UK |
8,495,543 |
6.0% |
0.0% |
|
20 |
19 |
18 |
FOX News (News Corp) |
FOXNEWS.COM |
24,444,163 |
5.9% |
1.3% |
|
21 |
29 |
23 |
CBS News |
CBSNEWS.COM |
12,064,240 |
5.7% |
2.6% |
|
22 |
24 |
26 |
CBS Local |
CBSLOCAL.COM |
9,574,168 |
5.7% |
2.1% |
|
23 |
20 |
27 |
The Washington Post |
WASHINGTONPOST.COM |
18,671,039 |
5.5% |
1.4% |
|
24 |
18 |
17 |
MSN |
MSN.COM |
111,990,691 |
5.3% |
0.7% |
|
25 |
30 |
32 |
New York Daily News |
NYDAILYNEWS.COM |
9,585,617 |
5.1% |
2.1% |
|
26 |
17 |
20 |
BBC News |
BBC.CO.UK |
14,480,236 |
5.1% |
0.4% |
|
27 |
41 |
36 |
FORBES |
FORBES.COM |
12,232,929 |
5.0% |
3.0% |
|
28 |
26 |
31 |
The Huffington Post (Aol) |
HUFFINGTONPOST.COM |
36,196,784 |
5.0% |
1.6% |
|
29 |
31 |
28 |
New York Post |
NYPOST.COM |
8,085,270 |
4.8% |
1.8% |
|
30 |
37 |
41 |
Bleacher Report |
BLEACHERREPORT.COM |
9,178,003 |
4.7% |
2.4% |
|
31 |
22 |
21 |
New York Times |
NYTIMES.COM |
30,575,839 |
4.6% |
0.8% |
|
32 |
34 |
29 |
Cartoon Network (Turner) |
CARTOONNETWORK.COM |
10,600,092 |
4.5% |
1.7% |
|
33 |
33 |
30 |
Nickelodeon (MTV Networks) |
NICK.COM |
9,752,977 |
4.5% |
1.5% |
|
34 |
27 |
24 |
IMDB (Amazon.com) |
IMDB.COM |
38,220,405 |
4.3% |
0.9% |
|
35 |
32 |
35 |
Los Angeles Times (Tribune) |
LATIMES.COM |
17,080,642 |
4.2% |
1.2% |
|
36 |
40 |
39 |
FOX Sports (News Corp) |
FOXSPORTS.COM |
22,401,409 |
4.2% |
2.0% |
|
37 |
36 |
34 |
Food Network (Scripps) |
FOODNETWORK.COM |
19,614,352 |
3.8% |
1.2% |
|
38 |
39 |
37 |
Wall Street Journal (News Corp) |
WSJ.COM |
12,521,560 |
3.6% |
1.4% |
|
39 |
35 |
33 |
Allrecipes (Readers Digest) |
ALLRECIPES.COM |
25,288,480 |
3.5% |
0.8% |
|
40 |
45 |
42 |
CNET (CBS Interactive) |
CNET.COM |
28,948,963 |
3.1% |
1.5% |
|
41 |
38 |
38 |
Reuters |
REUTERS.COM |
11,692,493 |
3.0% |
0.7% |
|
42 |
44 |
45 |
CNBC |
CNBC.COM |
5,674,719 |
3.0% |
1.3% |
|
43 |
43 |
44 |
Bloomberg |
BLOOMBERG.COM |
7,515,601 |
2.8% |
1.1% |
|
44 |
46 |
47 |
Businessweek (Bloomberg) |
BUSINESSWEEK.COM |
7,964,543 |
2.6% |
1.0% |
|
45 |
28 |
43 |
USA Today (Gannet) |
USATODAY.COM |
17,222,775 |
2.6% |
-0.6% |
|
46 |
42 |
40 |
WebMD |
WEBMD.COM |
11,901,016 |
2.5% |
0.5% |
|
47 |
47 |
46 |
LIVESTRONG (Demand Media) |
LIVESTRONG.COM |
9,464,669 |
1.8% |
0.5% |
|
48 |
48 |
48 |
About.com (NY Times) |
ABOUT.COM |
58,684,194 |
1.6% |
0.6% |
|
49 |
50 |
50 |
eHow (Demand Media) |
EHOW.COM |
45,015,977 |
1.5% |
0.8% |
|
50 |
51 |
51 |
ThePostGame (Yahoo) |
THEPOSTGAME.COM |
18,321,581 |
1.4% |
0.8% |
|
51 |
49 |
49 |
Mayo Clinic |
MAYOCLINIC.COM |
9,198,317 |
1.4% |
0.5% |
* The publishers included in the Media Industry Social Leaderboard are the top 50, as ranked by comScore-reported uniques, whose primary business is web publishing. Once they are selected, data from Compete.com is used to estimate the amount of traffic referred to each by Facebook and Twitter.
Back by popular demand is an updated ranking of the Media Industry Social Leaderboard. As a reminder, my company and I are obsessively focused on data about the social web – so much so, that we decided to track and publish not only our own results, but those of the top 50 media companies. This is all captured in the chart below which profiles the top 50 web publishers’ effectiveness at driving traffic from social media.
For the inquisitive among us, you’ll note that we determine the top 50 relevant web publishers; then, using data from Compete.com, we determine and chart how much of their traffic is from Facebook and Twitter.
One important note is that Facebook’s changes in its algorithms launched at F8 impacted nearly all publishers in this ranking – more on that in a moment.
But first, let’s get to the results:
Facebook Traffic Down by 13%.
The first thing you’ll notice is that the bars are lower this month. In fact, over 90% of the top 50 web publishers saw a decreased percentage of their visits coming from Facebook and Twitter in October, with the bars shortening on average by 50 basis points.
In terms of aggregate performance, if you sum the total Facebook visits for all properties, they’re down 7.1% October vs. September, and 12.8% comparing October vs. the pre-F8 August highs. We believe this trend is the direct result of the F8 algorithm changes made in mid-September. Savvy social publishers (ourselves included) have been battling to reclaim previous highs since the F8 changes; but by October few had recovered. The chart below highlights the reduction in referrals from Facebook to publishers over the course of their algorithmic change.
Winners and Losers: CBS down; People, MTV, Wetpaint up
CBS has continued to fall in social traffic composition (-3.7% September-over-August, -5.5% Octocber-over-September), moving from the top rank on the Media Industry Social Leaderboard to number 4. Unclear what has caused this decline although one hypothesis could be an increase in either SEO or paid audience acquisition. If you have any insight here, shoot me a note.
Closer to home, People, MTV, and Wetpaint maintained their relative rankings and have moved to the top 3 spots. At Wetpaint, we credit our climb up the ladder to our relentless A/B testing that has allowed us to understand what our audience desires in a deep way, and inform our editors with this insight. The result is that we are creating, packaging, and distributing the right content, at the right time and our audience has voted with clicks, likes, and shares.
Viacom this week told Hulu that it is pulling its content out of the video site because they couldn’t reach economic terms that value The Daily Show and Steven Colbert to Viacom’s satisfaction. Brian Stelter reported the story for the New York Times this week, quoting me with reference to the ‘game of chicken’ that Viacom has been playing with Hulu. This game plays to chairman Sumner Redstone’s strengths, as he’s already presided over the protracted “off-again, off-again” conversations by which Viacom’s sister-company CBS has held out from Hulu.
But these negotiations over how to divide the pie miss the opportunity altogether. Against all odds, Hulu has surprisingly created a successful consumer destination. With a great consumer experience, Hulu has become *the* destination for “official” TV video. While media executives fret the impending decline of television, the future has already begun to gel at the site with an audience of 30 million, advertiser demand, and premium monetization.
The shame is that Hulu CEO Jason Kilar and his team have their efforts drained by brinkmanship negotiations with the industry. What a waste of time! Instead, what would benefit all parties — Hulu, its equity partners, and the industry at large — is for Hulu to spend time on improving the consumer experience, enticing audiences, and monetizing. Further, Hulu may be in the best position of any media venture to command premium and subscription pricing from consumers — so additional content and scale could help make digital video more profitable. Unlike the drain of the power games that Viacom is playing, these constructive investments would have the prospect of lifting the fortunes of the media industry for everyone’s benefit.
While Hulu offers hope for the industry, Viacom crushes it.
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