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Publishers used to live at the point of integration. The value of that integration, though, is gone with the Internet, which means value flows to suppliers and aggregators.

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Ben Thompson's “Stratechery”. Smart, but a little too much Kool

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The 2017 Stratechery Year in Review – Stratechery by Ben Thompson

Publishing is Back to the Future – Stratechery by Ben Thompson

Stratechery by Ben Thompson – Page 13 – On the business, strategy

Chips and Geopolitics – Stratechery by Ben Thompson

The Idea Adoption Curve – Stratechery by Ben Thompson

Lessons From Spotify – Stratechery by Ben Thompson

Stratechery by Ben Thompson – Page 4 – On the business, strategy

Publishers and the Smiling Curve – Stratechery by Ben Thompson