The ways in which publishers solved their 2020 problems vary, but Bustle Digital Group’s approach included reestablishing longterm relationships with advertisers in a variety of categories and leaning on retail partners like Amazon to bring in incremental commerce revenue.
During the first quarter of 2020, Bustle Digital Group was projected to be up 40% in revenue over 2019 by the end of the year, according to Jason Wagenheim, BDG’s president and chief revenue officer. But by March, reality of what the year would hold had set in and that projection was thrown out the window.
« We had the darkest 72 hours in our company’s history where literally tens of millions of dollars just cancelled within a three day time period, » said Wagenheim in the latest episode of the Digiday Podcast. « There was a lot of panic at the start of the pandemic. »
Ultimately, BDG ended the year about 5% up from 2019, thanks to its position in a myriad of advertising categories. Wagenheim did not provide exact revenue figures. « It’s the importance of being able to satisfy retail as much as tech as much as auto as much as fashion, » he said.