After my first Twitter payout, is the X Premium programme worth it?

I admit I was a bit sceptical of Elon Musk’s claims about his Twitter/X Monetization programme (now called X Premium), but my curiosity got the better of me, so I signed up to Blue.

After my first payout, I think it is worth it, if you have a hobby account that’s popular – but you won’t get rich off it!

Is the X Premium scheme worth paying £10 a month for?

First of all, you need to do some basic maths to work out if it is worth the investment.

You have to be subscribed to Blue, or be a verified organisation as one of the qualifying criteria. Blue costs £9.60 a month, including taxes.

I’d also recommend checking your Twitter analytics before signing up. You need to have at least 15 million organic impressions on your cumulative posts in the last three months – that’s a lot for most people.

This rules out some of my hobby and personal accounts, apart from On This Day In WWE, which is dedicated to milestone anniversaries of events in wrestling, which has 50,000 followers. Having Blue has been helpful because I can post longer clips than 2’20”.

How do you qualify for the payouts from the X Premium scheme?

Looking at the last three months, which we believe to be the qualifying period (but we don’t know for certain), I was just over the threshold for impressions:

No alt text provided for this image
Twitter activity June 2023
Twitter activity July 2023

Twitter is hot on accounts using paid promotion, or bots or other ways to artificially boost your numbers.

The other qualifying criteria is that I needed to have at least 500 followers.

There are also caveats in the small print of X Ads Revenue Sharing terms – I had copyright claims for the footage I used from Sony India, which I successfully appealed, but that could count against you.

Are your Twitter/X posts interesting enough to make money?

Also buried in the small print is that the ad revenue sharing programme relates to the organic impressions of ads shown in replies from veriified users (ie fellow blue tickers) to the content you post.

So, if you’re generating a lot of replies to your content, great. That doesn’t mean you have to do clickbaity posts.

My wrestling content is aimed to stimulate reactions to memories – good or bad – about moments in wrestling history. Did you love a match – or hate a storyline? Optimising content to provoke genuine emotional reactions tends to do well.

And you are likely to need to post a lot to generate sufficient replies, unless something goes particularly viral.

Do you want to give Twitter/X your bank details?

The other consideration is that you need to have a Stripe account to receive payments. This requires using a bank account, which some people may be uncomfortable with.

Musk has talked about building financial services into Twitter, which has concerned some people – and you do connect your Stripe account with your Twitter account – but Stripe is a separate, and by all accounts, a secure organisation.

So how much did I make from X Monetization?

Drum roll… $202 – or £158.

Minus £30 of Twitter Blue payments, that’s £120. A nice amount for something I genuinely enjoy doing.

So if you’re hoping your meme account will make you millions…sorry.

Twitter/X Monetization first payout

But…

Again, Twitter makes clear in its terms that you have to have generated more than $50 (£40) to qualify for a payout.

And “X may modify or cancel the Program at any time in its sole discretion, including for business, financial, or legal reasons” – so this may be the peak in terms of payouts. They haven’t shown how they work out the amount they pay you.

Payouts are made “at a regular cadence” – it’s not clear how often.

So…

If you enjoy Twitter and posting what you do, and you get high levels of impressions, then it’s worth doing.

It’s more than any other social account is doing to help creators (unless you want to sell things through a shop on TikTok.)

Article updated to rename the Twitter Blue programme to X Premium

Read how Twitter’s changes to post headlines 

Ofcom Media Nations report: Live TV isn’t dead – our habits are evolving

I read some of the headlines and dramatic opinion pieces forecasting the death of live TV that followed the publication of the 2023 Ofcom Media Nations report, as if it had been a bolt out of the blue.

We still watch live, linear TV for the big moments, says Ofcom Media Nations report

Gone are the days of regular mass audience viewing, with a dramatic increase in the multitude of platforms and specialist shows now available to us to enjoy.

But this isn’t to say the country doesn’t still come together for the big moments: England losing in the quarter finals of the World Cup was the most-watched programme last year, followed by the Queen’s funeral and Platinum Jubilee.

Ofcom top 10 most watched programmes in the UK in 2022

There are more demands than ever for our attention, but when it matters, we still turn to the TV for a ”shared viewing experience”.

It’s just that the concept of ‘TV’ has evolved, driven by technological change. Despite all the drama, broadcasters maintained their share of video viewers (60%) due to the growth of on-demand platforms.

Interestingly, of all the viewing to BBC One’s broadcasting of the Platinum Jubilee, 12% was via iPlayer. And the 8th series of Love Island attracted 39% of its audience on what was then ITV Hub.

And it isn’t just a ‘young person’s thing’; for the first time, Ofcom recorded a big decline in broadcast TV viewing among over-64s.

What’s happened is that we’re offered more choice of content based on our specialised interests, now fitting around our hectic lifestyles – why shouldn’t we take advantage of that, rather than being chained to what time a programme starts on TV?

How radio has embraced the changes to listening

Global Player ad

Radio is experiencing changes too but seemingly adapting to them better.

Live radio is still the most popular form of audio, but we’re enjoying the different ways we can listen, be it on catch-up or streaming.

And online options have recently overtaken analogue in popularity, with smart speakers quickly catching up (DAB is still the most popular device.)

Despite the changes, the power of radio to connect the presenter with the listener remains very strong – in fact, commercial radio has never enjoyed such a high percentage share of listeners. The recent RAJARs show how we are increasingly seeking stations that fit our moods and interests – Greatest Hits Radio exploiting the gap in the market to appeal to disillusioned Radio 2 listeners, for example.

Radio stations and groups are embracing these changes, becoming multimedia powerhouses – diversifying into successful podcasts and social video like Global, or offering ad-free listens through their own apps, like Bauer, which allow them to gather better audience data and generate additional revenue.

 

‘News’ on social media can mean a lot of things

Ofcom: short social media videos watched by genre

The one area of the report that I would like further detail was on social media. It claims news is the second most popular type of social media video amongst the over 15s – but ‘news’ is a very broad category; it can range from Ukraine to the legal row over Lizzo and the latest Liverpool transfer gossip.

And video formats and content types vary wildly on different platforms – what we watch on TikTok is different to YouTube.

Users watch a lot of video on social media says Ofcom report

I question the notion that short-form content is best and most-watched. Concise and snackable may be fine for one type of topic, but longer videos and podcasts are popular too, if engaging enough. I recently saw how Times Radio recorded 1 million views on YouTube for an hour long discussion on Russia. And some podcasts, like Joe Rogan’s and some of my wrestling ones, go on for several hours.

 

Ofcom: time spent per day on social media platforms, by age

There’s a reminder again of the importance of YouTube, a neglected platform for some news publishers and businesses. We all are aware of the popularity of TikTok – still a thorny issue for politicians and the government, who feel paralysed to get involved in any form. I’ve been testing videos aimed at older generations (40 years since Knightrider started, for example) and there is clearly a growing older audience on there; it’s not just a ‘young person’s platform’.

 

@timtokgatt This is how Hoff met KITT… Iconic 80s programme – who didn’t want a talking car? And great theme tune too #knightrider #knightriderkitt #davidhasselhoff #michaelknight #80s #80sTV #TV #TVshow #1980s #USTV #ustvclips #ustvshow #tvclips #kitt #car #carsoftiktok ♬ original sound – TimTok Gatt

We shouldn’t forget about Snapchat, which is still very popular even though it’s fallen out of the spotlight – but no mention of Twitter as a video format, strangely.

How TV news needs to adapt to the changes in viewership

I watched a clip of Sky News’ report on this study (on Twitter), which claimed that TV news is still the place for big breaking stories. I’m not so sure. Twitter and TikTok are faster and quicker in terms of updates and video, albeit less reliable, on most stories. I agree for the huge moments, like the death of the Queen, we do switch on the TV but will still be on our phones too.

The challenge for rolling news channels and other content providers is how to adapt how they do things to the ever-changing environment; my old boss John Ryley used to talk about the need for constant change:

It’s not the cleverest or biggest news organisation that succeeds but the one most adaptable to change.

It’s no surprise that GB News is rivalling them in the evenings with strong opinionated current affairs programmes, when it’s just competing against a re-run of news reports. Being bold and shaking things up in how TV news is done, taking in some of the storytelling and production elements of social media, could boost viewership – and I don’t mean just in terms of linear viewing.

What does this mean for us trying to connect with audiences? It means that more so now than ever, a ‘one size fit all’ approach very rarely works. You need to segment who you are trying to target and engage them with different forms of content and messaging, adapted to the platform they’re watching or listening on.

Grabbing their attention is key – be it the visuals, the captions or the post copy, And always think of the person you’re trying to attract – why would they stop scrolling or flicking around and watch, read or listen to your content?

And like these Ofcom findings – be informed by the data but also trust your judgment and experience.

The 2023 Ofcom Media Nations report is here.

You may be interested in 7 practical takeaways from Ofcom’s Online Nation report

5 things you need to know from Ofcom’s news consumption report

Reassuringly for once, a new report doesn’t signal the need for a dramatic shift in the way we must communicate with audiences on social media.

But the new Ofcom news consumption report does confirm that it’s a complicated media landscape, with a strategic and sophisticated approach needed if you’re trying to engage a broad range of people.

Here’s the five things you need to know:

1. One in 10 of us use TikTok as a ‘news’ source

 Ofcom news consumption report 2023: One in 10 of us use TikTok as a 'news' source

The continued rise of TikTok is perhaps most interesting.

One in every 10 adults (10%) are using it to keep up with the news – more so than BBC Radio 1 and Channel 5.

It’s the fastest growing platform, as even social media rivals slow down or plateau.

Of course, the definition of ‘news’ is broad: emotive human interest stories and showbiz and entertainment news tend to perform well.

It’s not that they’re turning to TikTok for every cut and thrust of the latest Westminster row, but these stats are an issue for the government, who hasn’t been on the platform since last summer.

What is fascinating about TikTok, and what challenges the presumed theory about the platform, is that basic, raw, non-vertical video can perform well on there, as long as it’s at least one of these three things:

  1. New or important news or information
  2. Visually appealing, either in the text caption, or the pictures
  3. Generates some form of emotion, positive or negative

 

2. The popularity of iPlayer and ITVX for news

This same chart from the Ofcom news consumption report has recorded broadcast on demand (BVoD) for the first time, and it shows pleasing results for the BBC’s iPlayer and the revamped ITVX.

This is despite news not being featured too prominently (you have to scroll down quite a few rows or ‘rails’ as the insiders call them) – unless there is a huge story.

This is likely to rise as more of us get smart TVs (I still use an Amazon Fire stick, but I’m not a big TV watcher.)

I’m curious as to whether Channel 4 and Sky News’ stats are all linear TV or a mixture of on-demand too.

 

3. There’s been no dramatic changes in what media we mainly use for news, apart from papers

Ofcom news consumption report: TV is still the main platform for news

Interestingly, we’ve been generally been using the same forms of media for news that we’ve been accustomed to for the past five years, as new technology offers more flexible and personalised ways to continue to enjoy them.

Print continues to decline, saved by their online operations. The decline in linear TV has been countered by the rise in on-demand options through your remote. Audio options have flourished, from podcasts to catch-up to ad-free subscription services.

Hidden from this table I think is the role of passive forms of news consumption, especially radio, with record numbers listening to commercial radio and listening to a bulletin between their songs.

 

4. Kids are complicated

Ofcom news consumption report: family, TV and social media are the biggest sources of news for 12-15 year olds

A lot is talked about the need for news organisations conquering TikTok to attract young people, but for 16-24 year olds, Instagram is still by far the biggest platform.

But for the younger 12-15 year olds, TikTok is most important social platform, followed closely by YouTube and Instagram – but they’re not interested in news unless it’s very big (understandably). And TV still plays a bigger role than social media.

But what I think is still underplayed in these Ofcom news consumption surveys is the influence of friends and family – and messaging apps.

We may not consciously realise, but we tend to share a lot of news and information in things like WhatsApp chats – which due to their encrypted nature are impossible to track unless someone selects to share it there by tapping a button on a different platform.

5. The importance of the BBC

BBC News logo

Despite all the ups and downs of the BBC as an organisation in the media, this report confirms what a vital role it continues to play in how we access news through media, whatever age we are.

Ofcom says, “BBC news output across all its platforms reaches 73% of all UK adults” and it’s still the most important source of information for 12-15 year olds.

The importance of a suitably funded and supported Beeb in providing trusted and impartial news is clear.

But…

The challenge for media organisations is how you make revenue out of this situation. But that’s a different story for a different article.

You can read the Ofcom report here – it’s well-produced and an easy read.

You may be also interested in:

What young people think of as ‘news’ on Instagram

Tread carefully with Meta’s Threads

There’s been a lot of hype and excitement about Meta’s Threads, especially from those disillusioned with Twitter, but I wouldn’t be rushing to ditch the tweets.

Despite a record number of sign-ups in a short period of time, and popular brands and Insta celebrities piling on with ‘banter’, pseudo-philosophical statements and inane questions, there still hasn’t been one big ‘moment’ on there that has been shared with the mainstream on Twitter, TV or other traditional media. Where’s the new Binley Mega Chippy? The Ed Balls moment? The major breaking news announced by a public figure or celebrity?

Or as Ryan Broderick shoutily, but accurately, described it:

I DO THINK IT’S PRETTY INTERESTING HOW THERE ARE 100 MILLION SUPPOSED USERS ON THE APP AND IT HAS YET TO GENERATE EVEN ONE INTERESTING STORY OR MEME!!!

Whether it was wise to rush a basic minimal viable product to market in the wake of the latest backlash against Elon Musk, with no playbook or training for key influencers, will soon be seen.

I wouldn’t be advising clients to rush into Threads – sure, set up an account, but spend time observing. Testing and learning is the key theme. Posting links to news stories and sharing the same memes as Twitter and Instagram are unlikely to work.

It’ll need to find its own grammar, ways of working and seeing success – but it needs to happen soon or users will get bored (which reminds me – I need to switch off the BeReal notification sound.) Even MrBeast hasn’t posted in 4 days.

I’ve been testing the platform out on different accounts: my personal one but with no Insta friends migrated over; a nostalgic wrestling-themed channel; and one that reviews alcohol-free beers. As the days progress, the home feed has got a lot better and intuitive, but I still get a thread from US viral publisher Pubity every three posts – on all accounts. Followers have built as Instagram connections find my accounts, but engagement remains low. It’s hard to find your friends and followers.

I’ve noticed after switching accounts that the home feed is a mess, with accounts linked to other profiles appearing in the feed (as well as Pubity repeatedly, of course) and recommendations as random as on Facebook (no, I’m not interested in Westlife fan pages). It’s not an enjoyable experience still.

Threads: example of post with Nikki Graeme

You can’t even post GIFs to see Nikki in full flow, sadly

Some people hark back to the glory days of London 2012 – Threads is a bit like going back to Twitter in 2012, but less user-friendly and reliable.

So what could work? With no native analytics tool, it’s trial and error based on likes and reposts. Focusing on common and relatable themes and interests could work, and it is what I’ll be testing for the foreseeable future.

But news and politics have a steep hill to climb, especially with seemingly little support from Meta. I checked on the Huw Edwards breaking story tonight, and it was very hard to see anything in my home feed about it.

ITV News' Paul Brand on Threads

I also feel turned off by link posts that just look the same as on Twitter. Native posting could work, but how does giving your content away for free generate revenue?

So I’m sticking to Twitter for now. I like my followers and occasionally dipping into the bizarro-world of the For You page. Until there is a greater shift of public figures, influencers and organisations off there, it will still be important and agenda-setting.

You may be interested in: Here’s what young people think of as ‘news’ on Instagram.

This Reuters digital news report can help to change your social media approach

Today’s Reuters Institute for the Study of Journalism digital news report provides some much needed-momentum to some media organisations, businesses and brands alike to rethink how they use digital and social media.

The report talks about how we face “a continual transformation of digital”. But far from being something that should terrify us, it’s a really exciting time to change things, become more insight-driven, experiment and innovate – and reap the benefits.

The old way of just posting the same series of article links on Twitter and Facebook, or the same video with the same post copy, isn’t as effective as it once was.

I’ve pulled out some of the most relevant findings and how they can be useful to your business.

Where do people get their news or information from?

Reuters Institute for the Study of Journalism digital news report 2023: where people get the news from on social media

The report notes that social is growing as the main way people get their news, and it claims there has been a steady decline in people accessing websites and apps directly.

Despite some of the headlines, Facebook is still the most important platform to share news – although this will likely decline as Meta shifts away from prioritising and investing in it. One of the country’s biggest digital publishers, LadBible, still enjoy huge success on there, using performance data to inform them what posts to put on there.

Twitter can still work for big events, newsworthy moments and particularly to appeal to those working or interested in the media, politics and finance. But I’m sure a lot of you have seen how news is not driving engagement as much, generally.

It’s interesting to see how ITV News has cut back on posting and being more focused on what they share, redirecting efforts to other platforms (more of which later.)

The report also shows increases in YouTube and WhatsApp, both of which generally have untapped potential for many organisations.

Getting your news into the WhatsApp ecosystem is key – that’s where people mostly talk, share their thoughts and forward on things to group chats of like-minded individuals, rather than be criticised or put down on public forums.

Think about how you use WhatsApp – personally, I use it the most of any channel to share and read stories that I exchange with family, mates and colleagues. I think there’s real opportunity there, especially with the community group function, for organisations.

YouTube is still generally underutilised, particularly by brands, who still see it as a dumping ground for TV ads and don’t maintain and grow it. Though it has proven fruitful, there is so much more opportunity than just putting clips of your output on there – smaller, digitally-savvy operations have been making some great and popular bespoke shows and content – some slick, others just two experts chatting about topics and answering viewers’ questions. The chance to monetise is probably the best of the platforms, too.

I’ve seen a lot of chatter today about the stats showing an increase in TikTok usage for news – but Instagram is still twice as big a source, including among 18-24 year olds. The visual element is crucial, but put effort into the post copy too – tell the story there. How many times have you really bothered to go to the link in the bio unless you’re really motivated?

Surprisingly, there was no mention of LinkedIn, which has increasingly become influential and a powerful tool to promote your work, engage and connect with people.

What I also felt was missing from the report was the importance of your own platforms (a view Thomas Baekdal is a big advocate of.) Social publishers can change your business model overnight and seriously affect your distribution. We’ve seen how BBC News under Naja Nielsen and ITV News under Stephen Hull and Matt Williams are investing in iPlayer and Sounds and ITVX, and it has paid off. And Global are providing news content from LBC in their app, which houses The News Agents. Live tweeting has been replaced by liveblogs on news sites – something ITV News was doing a decade ago, under Julian March and before that, Andrew Sparrow at the Guardian.

Reuters Institute for the Study of Journalism digital news report 2023: people prefer to read news than watch or listen

Also, and this seems to have been overlooked, all audiences – including 18-24 year olds – prefer to read text-based versions of news than listen or watch something. Future online news habits will evolve, with more audio and visual formats, but investing in your website is still a sensible move.

Who do people get their news and information from?

Animal from the Muppets hitting 'like'

Mainstream outlets and journalists still are ahead on Twitter and Facebook, but that’s not so clear cut on other platforms where smaller and more niche media, and especially more personalities and ordinary people, are influential.So, it’s not just thinking about what your reporter or chief executive posts, but how you encourage people with an engaged following on a niche subject you’re talking about to share/post about what you are doing.

Unless it’s genuinely useful and informative to that audience, will trigger an emotional reaction, or is visually attractive enough for them to stop scrolling, it’ll be hard to get your followers to read the post, tap on the link – and you’ll be lucky to get them to share or like it.

Rather than pump out posts, think about why someone would want to share it: as Jeff Jarvis acutely observed a decade ago, primarily we share things as it reflects how we want to be seen by others, or a reflection of our beliefs.

Think before you post: what do I want someone to feel about this post? How can I encourage them to read/watch or share/like it?

Think about the messenger too – it’s often better to show the beneficiary or human side to the story, than a dry corporate voice. ‘Ordinary people’ as the Reuters Institute call them, can deliver your messages with greater success.

For ITV News, taking a ‘people like me’ approach to The Rundown series on Instagram, Snapchat and TikTok has really paid off, with a regular set of younger multiskilled producer/presenters selecting, presenting and editing the stories.

I’ve been doing a lot of experimentation with communities on Twitter and Facebook, setting up accounts on niche interests and cultivating and engaging a following on subjects from ‘on this day’ memories of WWF wrestling to non-alcoholic beer. If you share something that appeals to that audience, and appear genuine and credible in that sphere, it can fly. Think about how you can do that, or how you can tap into that community as a welcome addition, not an awkward outsider just pushing your links.

It’s been pleasing to see the evolution of how these groups are treated. Once dismissed as “echo chambers”, now they’re talked about more as “communities”, with a range of views on like-minded subjects.

 

Who chooses what news and information you see?

Reuters Institute for the Study of Journalism digital news report 2023: how people get their news

I was a bit surprised in the presentation of the report’s findings that the authors jokingly said: “Don’t worry, we won’t talk about AI!” Thanks to Dataminr’s Kirsten Dewar for raising it in the Q&A. Yes, there’s been a lot of attention on it recently, not helped by some alarmist or misleading stories, but it has the potential to be a gamechanger in terms of production and promotion.

TikTok has enjoyed huge popularity with its AI-backed For You Page, but many don’t regard it as machine-based as it is so accurate so quickly with identifying your interests. It’s notable that of the options given to people in the survey, they preferred the idea of having stories automatically selected based on what they’ve previously consumed, rather than by an editor, as they have been for decades in broadcasting, print and on websites.

Experimenting with AI, with human oversight, is not a new phenomenon. I read many years ago how PA news agency were experimenting with machines writing fact-based articles, including election results. With limited resources, focusing on the content that really serves your audience with machine-based pieces for the more low-level news could be the way forward.

But please, always check it with a human editor…

 

In his excellent newsletter, James Ball talked about how at BuzzFeed he wrote four different headlines and after 15 minutes’ performance, the computer selected the one that was doing the best.

And LadBible revealed their ruthlessness when it comes to poor-performing content – if a post is not doing well within the first hour, it can be reworked – or removed completely.

I also wonder what the difference is between AI overseen by a person and data-based decision-making? I’ve had many experiences where senior figures want to go with their instinct of how to present or promote a story – but looking at what audiences actually have engaged with previously on the topic should play an equally strong role in informing what stories to cover.

The Telegraph, for example, has done a very good job in building their subscription business, serving stories that appeal to their audiences through their STARS audience metrics, which provide a far more sophisticated way of measuring success than the ‘most read’ stats. Dan Silver has talked about this in great depth.

Who recommends news to you goes back to my earlier point on influencers – not necessarily celebrities, but those with engaged audiences on specific topics. Those less trusting of the media are more likely to engage with stories shared by individuals they respect.

For example, at the Department for Education, we had great success with getting high-profile individuals to share our content, despite their regular criticism of the government, because it was designed to resonate with them on an issue they cared about.

Are you turning people off your stories?

Reuters Institute digital news report 2023 presentation by Nic Newman

Who hasn’t got a news alert that startles you – only to find out it’s of no interest to you at all?

A one-sized approach to the news and audiences is in the past – appoint reinforced by the report’s findings. At least the BBC, to their credit, are testing the ability to personalise text alerts.

This quote from the report’s lead author Nic Newman stood out to me:

“It is clear that many websites and apps are optimised for those that are super-engaged with every twist and turn of today’s news (and politics) agenda. But these approaches also seem to be turning large sections of the public away – with potential long-term implications for civic and democratic engagement.”

It’s no surprise that national politics is one of the biggest news turn-offs for the less news-obsessed. Focusing on the beneficiaries of government policies, or those disadvantaged by them – real people – has been a far more effective way to tell these stories where needed.

And it’s not surprising that interest in news has sharply declined in recent years – I sometimes feel bombarded by content, posts that are not relevant to me. This goes back to my earlier points on insight-based decisions on what to cover and what to post.

Thankfully we’ve seen a decline in clickbait and more sensationalised social posts, reinforced by changes to Google’s search rankings system, and there’s been a flourish of new “varied ways of connecting with audiences”, as Kamal Ahmed put it: personality-led posts and content, explainers, data journalism, fact-checking.

This is an approach that companies can utilise too. There’s no one magic solution – it’s having a range of storytelling techniques and using your previous experience of these formats to judge which is the best one to use in that instance.

Talking of which, I really enjoyed BBC News’ TikTok explainers of key political and economic topics, like this chat with Faisal Islam, made by Jan Bruck

@bbcnews

No gobbledygook allowed. #dragraceuk #bagachipz #rupaulsdragrace #inflation #bbcnews

♬ original sound – BBC News

A quick word on podcasts – a hugely popular format, but one that still has a long way to go in news, with only 8% listening monthly. Looking at the top 10 suggests more creative ways to talk about the news (and please, less of a focus on Westminster!) Certainly making video versions and promoting clips on social can help drive traffic.

That’s all well and good, but how do you make money?

This has been the big dilemma for news organisations. I’m still surprised to hear some news chiefs talk about social media being a source of income – I think gone are the days of large financial support from platforms to do news on there. And apart from YouTube, monetisation is poor.

Publishers talk about a mixture of income revenues – for example, LadBible and The News Movement are tempting brands and businesses with their knowledge of audience insight, data and social storytelling.

That best data comes from owning your own platforms. As Naja pointed out, data from social channels is “a marketing ploy” – it’s not the same as your own stats.

I was editor on The Sun’s website during a difficult time as we were working out how best to work with a paywall. I was an advocate then – even if I didn’t have all the answers – and seeing how other news providers have successfully done so, I still believe it’s the only way forward now.

It will be a difficult conversation for audiences – the UK was the lowest of 20 major countries for paying for news – but declining ad revenue isn’t going to save your business. Portraying these reader revenue models as having greater benefits beyond just news could be one solution. The Telegraph has established an award-winning games and puzzles section, for example, along with high quality, distinctive journalism.

More and more of us supporting individuals and smaller teams on Patreon because we enjoy their podcasts, and to a lesser extent Substacks. What can we learn from those successes for more established outlets?

If you want to hear the news slightly differently…

Hannah Vaughan Jones and I have been experimenting with putting some of these ideas into action with a show called Sorry You Went Viral: all about the stories that people are sharing and enjoying on social media – and the human side of what it’s like to go viral.

Check the show out on YouTube and podcasting platforms – or search for the show name on your social platforms.

I’d love to know with you about what you’re finding is working successfully for you or your organisation, or if you want to chat about how you can put some of these changes in place.