Gossels: Managing Directo, Head of Internet and Digital Media
Russo: Managing Director, Head of Sports Practice
While some think the overall media business is at a plateau, Russo says sports media are on a tear from consumer willingness to pay for subscriptions and newly approved sports gambling, which spawns fresh revenue streams. “There’s a buoyancy in sports right now,” Russo says. Meanwhile, Gossels finds digital media companies rapidly diversifying “to reduce their dependency on Google, Facebook and digital advertising.” Gossels says that means pushing into branded content, subscription, e-commerce and events. With a background in mergers & acquisitions and raising growth equity capital, Gossels advised onliner Whistle Sports nabbing strategic funding, music streamer Slacker Radio in its sale and raises capital for digital entertainment. Russo advised Time Inc. selling its Sports Illustrated Play youth business, reps Meredith divesting Sports Illustrated magazine, and assists sports teams in selling stakes and other transactions. Earlier, Russo worked at the National Football League, New Line Television and NBC Television.