Vice President of Business Development, Business Insider
$165-200k
Plus bonus/commission
3 days a week in office
Online news platform
Job no longer available
Online news platform
1001+ employees
Job no longer available
$165-200k
Plus bonus/commission
3 days a week in office
1001+ employees
Company mission
To inform and inspire the digital generation and become the most influential and loved journalism brand in the world.
Role
Who you are
- We're looking for someone who is comfortable in a fast-paced environment, and will find new opportunities through extensive analysis and research
- Business development experience and a track record in the digital media arena
- Comprehensive understanding of digital business models and content licensing
- Proven skills in data analysis, planning, and forecasting
- Experience reviewing and redlining agreements, working autonomously with the legal team to close deals
- Superior research, organizational, time management, problem solving and communication skills
- Good understanding of UX, features, and reader behavior, with a product and reader mindset
What the job involves
- As Vice President, Business Development you will help drive the growth and evolution of one of the largest and fastest growing global digital media companies
- The primary responsibilities of the position will be to evaluate, define, recommend and close new revenue generating partnership deals and grow and manage some of our most critical existing partnerships
- As a key member of the business development team you will be influencing the future of Business Insider, working directly with executives and leaders to find business deals that drive growth and innovation and keep BI at the forefront of publishers
- The Vice President, Business Development reports directly to the Chief Business Development Officer and sits on the Business Development team
- This position is based in our New York City HQ with an in-office presence of at least 3 days per week
- Identify, source, structure, negotiate, and close new syndication/licensing deals, and other revenue generating partnerships
- Manage, optimize and grow current syndication/licensing partnerships
- Partner with the Video and Advertising teams to drive video distribution, inventory, and revenue growth
- Work with the editorial team on 3rd party procurement agreements and external vendor management
- Develop financial models to estimate the potential value of opportunities and the cost of resources required to execute and implement partnerships
- Work closely with a variety of teams in the company through all aspects of opportunity development, including idea generation, sourcing partner targets, the business case, product/technology requirements, financial modeling, and integration
Our take
Business Insider - that entered the market at roughly the same time as fellow digital news and media names Buzzfeed, Vice, and HuffPost - has steadily and solidly built itself into one of the most familiar digital platforms for business, current affairs, finance and tech news.
Business Insider was founded by well-known trader and entrepreneur Henry Blodget and sold to German giant Axel Springer in 2015, which signalled an uptick in its performance. This undoubtedly helped it to weather the storm of the pandemic, which hit advertisers hard, and saw many platforms like Insider's lose out on their major revenue stream.
It's also setting itself apart from the likes of Buzzfeed by staying focused on journalism, rather than moving sideways into entertainment, Business Insider's disciplined approach has paid off, and its subscriber numbers continue to steadily rise. Having established itself in the digital news space, at a time when more and more consumers are reading articles online, it can be assumed it will find further success in the future.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
31% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Jan 2015
$25m
SERIES F
Mar 2014
$12m
SERIES E
Total funding: $55.6m
Company benefits
- Premium medical, dental, and vision coverage with several plan options, including one fully funded plan. Pet insurance, too!
- Retirement savings plan with a company match.
- Equal parental leave for all parents, plus family planning and maternity support through Maven.
- Flexible vacation policy and 10 company holidays.
- Mental health benefits including membership to the Calm app.
- Offices stocked with snacks and drinks.
- Monthly lunches, breakfasts, and other in-person events at all of our offices.
- An employee referral bonus program.
- Our Editorial Fellowship Program gives early-career journalists an opportunity to make a big impact in a digital newsroom.
- Lunch and learns, panels where we learn from our colleagues, and outside speakers to help empower our employees to expand their skills and advance their careers.
- Eight dynamic Employee Resource Group (ERG) programs that help shape company events, influence policies, and ensure every employee's voice is heard.
Company HQ
Financial District, New York, NY
Leadership
Henry Blodget
(Co-Founder & CEO)Alongside Business Insider, Henry is the Founder, CEO and EIC at REGENERATOR and the co-founder and Chair at Spooler Media.
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