To mitigate the risk of investing in a single personality, Wenner's strategy is to acquire a creator-led company with the goal of turning it into a brand umbrella, like a "new MTV." This involves building a stable of talent under that brand, transforming a personal show into a scalable media company.
As media companies scale, they are increasingly run by finance or legal executives who prioritize pulling business levers over creative vision. This shift creates a market opportunity for smaller, passion-driven companies led by actual creators who are less focused on pure optimization.
Big Cabal Media intentionally cultivates on-air talent from within, identifying junior employees who resonate with the audience and investing in their growth. They find it more effective than trying to hire established creators, who often prefer to remain independent. This approach turns the media company into a talent incubator, building loyalty and brand-specific stars.
The current media landscape allows a single personality to build a multi-million dollar business empire. This 'Individual Empire' leverages a personal brand to launch diverse ventures like CPG products (Logan Paul's Prime), media companies, and major IP, representing the final chapter of the creator economy.
Instead of creating everything from scratch, Klue's Compete Network began by aggregating content and partnering with existing thought leaders. They provided the production 'plumbing,' allowing creators to focus on their expertise, which accelerated the network's growth and value.
The next evolution of the creator economy involves creators building their own vertically integrated studios, complete with production, marketing, CPG, and supply chain infrastructure. They are no longer just talent for hire but self-sufficient media and commerce companies controlling their own IP.
Gus Wenner views personality-driven creators as the modern embodiment of legendary journalists like Hunter S. Thompson. This talent-first approach, once central to iconic media brands, has been lost by many traditional publishers but is key to winning in the current landscape where personalities build the brand.
The acquisition of Weed Week, a one-person newsletter, reveals a smart M&A strategy. The parent company buys brands with excellent core content and audience trust, then leverages its own infrastructure to build a full media stack (events, ads, memberships) around that strong foundation.
For influencer-led brands like Dough Guy, the founder's personality and content are the primary assets. Trying to scale the brand by removing the founder too early is a mistake. The founder must remain the central figure until the brand has its own standalone gravity and loyal community.
A key opportunity exists in pairing successful creators, who have audience and cultural relevance but lack business infrastructure, with media companies that possess monetization engines but have lost touch with talent-driven content. This symbiotic relationship forms the basis for a modern media M&A strategy.
A solo creator can build a larger agency by using their personal brand to generate initial profits. These profits should then be reinvested into hiring key operational employees—specifically an account person first—to handle client management, freeing the creator to focus on strategy and growth.