Orphans and elephants: What earnings month told us about the coming media ownership dance
Welcome to the first Saturday morning edition of Unmade, timed at 10.10 am, just for old time’s sake. I’m still experimenting with the routine, so I can’t promise this will be the habit just yet.
Happy Newspaper Carrier Day. Deliverers of real estate advertising, pizza vouchers and occasionally news, I salute you.
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Today’s writing soundtrack: Lockdown Mix – July 2021 from Sudeep Gohil (strategist by day, dance DJ by night…) Thanks for the continuing lockdown tips – please do drop me a line with them at letters@unmade.media.
Unmade Substack
Even though Enero may not have much corporate memory from the bad old days of debt, do you think the market remembers? It’s top of my investing watchlist (well in truth S4 Capital is top but too expensive for me!), however as a former employee of a Photon company I’m undecided…
Thanks for the question, Josh. It strikes me that there is just about none of the old Photon Group culture in Enero (and that’s a good thing). I think it’s long enough ago that the market will treat it as a different organisation, even if it does remember. One of the smart things Matthew Melhuish did was to rebrand once the disaster was over.
Cheers,
Tim – Unmade