Group Nine's Lerer Sees Reckoning in Digital Media, Will Use Funding for Acquisitions

The speaker begins by mentioning personal plans to visit Disney World, then shifts to discussing the purpose of raising money, emphasizing that it is not meant to be spent immediately. The speaker highlights disciplined investment strategies over the past few years. The discussion then moves to the current state of digital media, noting a coming reckoning and the division between successful and struggling brands. Finally, the speaker touches on market dynamics and the success of certain brands.

What does the text suggest about the current state of digital media?

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What does the term 'haves and have nots' refer to in the context of the text?

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