Wetpaint CEO Ben Elowitz on the Future of Digital Media
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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