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Ep 119: Building a Global Media Empire | Justin Byam Shaw (Chairman, ESI Media - Evening Standard & the Independent; Founder, Felix Project)

Ep 119: Building a Global Media Empire | Justin Byam Shaw (Chairman, ESI Media - Evening Standard & the Independent; Founder, Felix Project)

FromSo This Is My Why


Ep 119: Building a Global Media Empire | Justin Byam Shaw (Chairman, ESI Media - Evening Standard & the Independent; Founder, Felix Project)

FromSo This Is My Why

ratings:
Length:
67 minutes
Released:
May 21, 2023
Format:
Podcast episode

Description

Entrepreneurs must be ruthless, obsessive and willing to cut corners.Something that Justin Byam Shaw, Chairman of ESI Media, would know.He co-owns (alongside Evgeny Lebedev) the Evening Standard & the Independent, and also co-founded the Felix Project - one of the biggest food redistribution charities in the UK!If you've ever been in London, you'll notice the Evening Standard lying around Tube stations. It's a 100% free quality newspaper and I'd always wondered - what does it take to run it? How do you manage to keep a newspaper free on such a scale?Well today, Justin shares it all.He takes us through his decision to:? Study classics at Oxford University - even when everyone told him it was good for nothing!? Pivot from advertising - when he realised he was terrible at it? Drop out of British Telecom within 1 week of finding a market gap to launch his own startup - at a time when it wasn't the "cool thing" to be a founder? Buy both the Evening Standard & the Independent (alongside the Lebedevs)And also his thoughts on:? How George Osborne faired as Editor of the Evening Standard? How to turn around failing media companies? Launching the The i newspaper (within 7 months of acquiring the Independent!)? The rise of superstar journalists turned media personalities? The media publication he'd be most interested in taking over & what he'd do differently!Highlights:4.44 Studying "good for nothing" Classics at Oxford?!7:18 Being bad at advertising9:27 Moving to British Telecom when it'd just privatised11:34 The talent show that kickstarted Justin's entrepreneurial journey12:38 Remortgaging his apartment?!15:32 Expanding to 12+ countries19:39 The tipping point20:54 Life after acquisition22:34 Arrogance26:59 Being ruthless29:00 Buying the Evening Standard33:41 Launching The i in 7 months?!36:38 Not going digital with the Evening Standard38:58 Internal resistance40:27 Appointing George Osborne as editor45:14 What do media owners expect from their editors?49:23 Journalists become media superstar personalities51:59 Buzzfeed53:05 If Justin could buy any newspaper publication, it'd be...55:14 The Felix Project?Show notes: https://www.sothisismywhy.com/119? Weekly STIMY Newsletter that deconstructs how you build a portfolio career to prepare yourself for the future of work: https://sothisismywhy.ck.page/acd5bd1062✍? Leave a review on STIMY: https://podcasts.apple.com/gb/podcast/so-this-is-my-why/id1521191442
Released:
May 21, 2023
Format:
Podcast episode

Titles in the series (100)

A podcast featuring inspiring people about their journey to discovering and living their "WHY" or purpose in life. With your host & producer, Ling Yah, we deep dive into everything from finances to dealing with doubts and setbacks, and how to forge an unconventional career from ground zero! Expect to hear from entrepreneurs, artists, journalists, musicians, Hollywood actresses, VC founders and more. Visit www.sothisismywhy.com for more details!