SmartNews Valuation Echoes Dot-Com Bubble 08/13/2019

Rob I totally agree with you about creating your own content. However one exception that still rules is ad distribution. The companies who control the ad distribution also has a hand on the throat of the publishers. In many cases, the ad distributor's programmatic channel is what the publishers don't need. This was a major factor in the very wide evaluations of the publishers stock value.