{"id":7028319,"date":"2026-08-05T09:29:06","date_gmt":"2026-08-05T09:29:06","guid":{"rendered":"https:\/\/peraltafinancing.com\/uncategorized\/dont-build-on-borrowed-land-times-internet-coo-on-building-and-monetising-reader-relationships\/"},"modified":"2026-08-05T09:29:06","modified_gmt":"2026-08-05T09:29:06","slug":"dont-build-on-borrowed-land-times-internet-coo-on-building-and-monetising-reader-relationships","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=7028319","title":{"rendered":"\u2018Don\u2019t build on borrowed land\u2019: Times Internet COO on building (and monetising) reader relationships"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Who is your most important reader segment? Publishers are likely to have different answers, but for too many of them, for too long, the honest answer to that would have been \u201cthe crawler.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That\u2019s the view of <\/span><a href=\"https:\/\/wan-ifra.org\/event_speakers\/puneet-gupt\/\"><span style=\"font-weight: 400;\">Puneet Gupt<\/span><\/a><span style=\"font-weight: 400;\">, COO of Times Internet, the digital arm of India\u2019s largest media company, The Times Group.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIt\u2019s the crawler for which we optimised our headlines. It\u2019s the crawler for which we wrote the meta tags, and changed the content length,\u201d he said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cAnd in doing that, we lost track of who our loyal readers were. We were busy building traffic. We were not building audiences.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With changing search algorithms and the rise of AI, he argued that this era is rapidly coming to an end, and that publishers\u2019 top priority should be realigning their businesses for this new reality.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Speaking at WAN-IFRA\u2019s <\/span><a href=\"https:\/\/wan-ifra.org\/events\/dmi2026\/?pagetype=programme\"><span style=\"font-weight: 400;\">Digital Media India<\/span><\/a><span style=\"font-weight: 400;\"> event in New Delhi, he said publishers are facing \u201ca structural shift\u201d with the traffic they get from third-party platforms:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThis is not an algorithm change. This is an ecosystem change. And how we respond to this determines how we will flourish,\u201d Gupt said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">His key message for publishers: \u201cDon\u2019t build on borrowed land.\u201d<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-118491 size-full\" src=\"https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03120019\/Puneet-Gupt-KH.png\" alt=\"\" width=\"1884\" height=\"962\" srcset=\"https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03120019\/Puneet-Gupt-KH.png 1884w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03120019\/Puneet-Gupt-KH-300x153.png 300w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03120019\/Puneet-Gupt-KH-1024x523.png 1024w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03120019\/Puneet-Gupt-KH-768x392.png 768w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03120019\/Puneet-Gupt-KH-1536x784.png 1536w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03120019\/Puneet-Gupt-KH-196x100.png 196w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03120019\/Puneet-Gupt-KH-250x128.png 250w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03120019\/Puneet-Gupt-KH-288x147.png 288w\" sizes=\"(max-width: 1884px) 100vw, 1884px\"\/><\/p>\n<p><em><strong>WAN-IFRA Members<\/strong> can access <a href=\"https:\/\/www.wan-ifraknowledgehub.org\/eventmedia\/navigating-the-ai-era\">Puneet Gupt\u2019s presentation<\/a> on our Knowledge Hub.<\/em><\/p>\n<h3><span style=\"font-weight: 400;\">AI-native CMS and operations<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Gupt outlined some elements of what he called a playbook to help publishers make this shift successfully.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He emphasised the need for quick action: \u201cThe runway is short,\u201d and so there is a need to make progress with all parts of the playbook simultaneously: \u201cThere is no time to do them one after the other. It has to be done all in real-time, parallel together.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The first area: building <\/span><b>AI-native operations<\/b><span style=\"font-weight: 400;\">. This means a deep rethink so that \u201cit\u2019s not just AI added over something that you are already doing. It\u2019s a complete redesign,\u201d Gupt said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A key part of that is having a CMS that \u201ccan do everything AI-natively,\u201d he said. For instance, Times Internet\u2019s CMS supports fluid workflows, going from trending keywords to content, and converting articles into videos and photo stories, all in multiple languages.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-118468 size-full lazyload\" src=\"https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03111954\/Puneet-Gupt-AI-native-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03111954\/Puneet-Gupt-AI-native-scaled.jpg 2560w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03111954\/Puneet-Gupt-AI-native-300x169.jpg 300w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03111954\/Puneet-Gupt-AI-native-1024x576.jpg 1024w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03111954\/Puneet-Gupt-AI-native-768x432.jpg 768w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03111954\/Puneet-Gupt-AI-native-1536x864.jpg 1536w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03111954\/Puneet-Gupt-AI-native-2048x1152.jpg 2048w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03111954\/Puneet-Gupt-AI-native-178x100.jpg 178w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03111954\/Puneet-Gupt-AI-native-250x141.jpg 250w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03111954\/Puneet-Gupt-AI-native-261x147.jpg 261w\" data-sizes=\"(max-width: 2560px) 100vw, 2560px\" style=\"--smush-placeholder-width: 2560px; --smush-placeholder-aspect-ratio: 2560\/1440;\"\/><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIt\u2019s not an afterthought, but the way the CMS has been rebuilt. It\u2019s a core part of what we do.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, Gupt was clear that infusing the CMS with AI features is only one step, and that this alone is not enough for the whole organisation to achieve AI-driven efficiencies and other benefits.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cYou have to leverage AI in everything that you do. That\u2019s going to increase revenue, reduce costs, shorten time to market, grow the efficiency of teams and safeguard the business.\u201d<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Building closer audience relations<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The second part of the playbook concerns building <\/span><b>direct reader relationships<\/b><span style=\"font-weight: 400;\">, something that he said many publishers have neglected for too long \u2013 especially those with ad-driven revenue models.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many publishers are now in a position where they need to build a new \u201cmuscle memory\u201d:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cHow do you make money through relationships? How do you make money through trust? How do you make money by investing in the readers and through attention, and not distraction?\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Times Internet has been expanding its portfolio in this area, having created new offerings such as ETPrime, the premium (paywalled) part of its Economic Times brand, and niche publications such as Times Health+ (focusing on wellness) and TOI Homes (a real-estate brokerage).<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-118472 size-full lazyload\" src=\"https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112030\/Puneet-Gupt-Times-Internet-reader-revenue-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112030\/Puneet-Gupt-Times-Internet-reader-revenue-scaled.jpg 2560w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112030\/Puneet-Gupt-Times-Internet-reader-revenue-300x169.jpg 300w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112030\/Puneet-Gupt-Times-Internet-reader-revenue-1024x576.jpg 1024w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112030\/Puneet-Gupt-Times-Internet-reader-revenue-768x432.jpg 768w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112030\/Puneet-Gupt-Times-Internet-reader-revenue-1536x864.jpg 1536w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112030\/Puneet-Gupt-Times-Internet-reader-revenue-2048x1152.jpg 2048w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112030\/Puneet-Gupt-Times-Internet-reader-revenue-178x100.jpg 178w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112030\/Puneet-Gupt-Times-Internet-reader-revenue-250x141.jpg 250w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112030\/Puneet-Gupt-Times-Internet-reader-revenue-261x147.jpg 261w\" data-sizes=\"(max-width: 2560px) 100vw, 2560px\" style=\"--smush-placeholder-width: 2560px; --smush-placeholder-aspect-ratio: 2560\/1440;\"\/><\/p>\n<p><span style=\"font-weight: 400;\">Gupt said these are just examples, and each publisher needs to reassess the types of audience-driven products that make sense for their particular identities: \u201cThese came naturally to us. Some other relationship-based businesses will come naturally to you and your organisation.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIt\u2019s not about the same set of businesses. The idea is, what can you build on the back of a trusted relationship where you respect your customers, you have consent-based data, and then you create a product which is very high value.\u201d<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">\u2018Trust is a conversion multiplier\u2019<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Finally, the third pillar of the playbook builds on the previous point by focusing on creating <\/span><b>trust-led revenue<\/b><span style=\"font-weight: 400;\">, which aims to monetise the closer relationship with the audience instead of maximising traffic.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-118476 size-full lazyload\" src=\"https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112104\/Puneet-Gupt-Trust-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112104\/Puneet-Gupt-Trust-scaled.jpg 2560w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112104\/Puneet-Gupt-Trust-300x169.jpg 300w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112104\/Puneet-Gupt-Trust-1024x576.jpg 1024w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112104\/Puneet-Gupt-Trust-768x432.jpg 768w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112104\/Puneet-Gupt-Trust-1536x864.jpg 1536w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112104\/Puneet-Gupt-Trust-2048x1152.jpg 2048w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112104\/Puneet-Gupt-Trust-178x100.jpg 178w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112104\/Puneet-Gupt-Trust-250x141.jpg 250w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112104\/Puneet-Gupt-Trust-261x147.jpg 261w\" data-sizes=\"(max-width: 2560px) 100vw, 2560px\" style=\"--smush-placeholder-width: 2560px; --smush-placeholder-aspect-ratio: 2560\/1440;\"\/><\/p>\n<p><span style=\"font-weight: 400;\">Optimising for trust is indeed a business strategy, working as an accelerator of the audience-focused approach, Gupt said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cI keep telling my team: \u2018Trust will always convert better than any conversion funnel, any traffic-based conversion that you see,\u2019\u201d he said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cTrust is a conversion multiplier in whatever product you create.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Being a trusted brand is also essential in building the kinds of business relationships with your audience where you become a key part of their important life decisions. These can vary from health and education to career and real-estate decisions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Again, the business impact is real: Gupt said that ARPU multiplies significantly when members of Times Internet\u2019s audience move from ad-supported platforms to other parts of the ecosystem.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-118481 size-full lazyload\" src=\"https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112133\/Puneet-Gupt-ARPU-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112133\/Puneet-Gupt-ARPU-scaled.jpg 2560w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112133\/Puneet-Gupt-ARPU-300x169.jpg 300w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112133\/Puneet-Gupt-ARPU-1024x576.jpg 1024w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112133\/Puneet-Gupt-ARPU-768x432.jpg 768w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112133\/Puneet-Gupt-ARPU-1536x864.jpg 1536w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112133\/Puneet-Gupt-ARPU-2048x1152.jpg 2048w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112133\/Puneet-Gupt-ARPU-178x100.jpg 178w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112133\/Puneet-Gupt-ARPU-250x141.jpg 250w, https:\/\/cdn.wan-ifra.org\/wp-content\/uploads\/2026\/08\/03112133\/Puneet-Gupt-ARPU-261x147.jpg 261w\" data-sizes=\"(max-width: 2560px) 100vw, 2560px\" style=\"--smush-placeholder-width: 2560px; --smush-placeholder-aspect-ratio: 2560\/1440;\"\/><\/p>\n<p><span style=\"font-weight: 400;\">Gupt concluded by underlining the urgent need for publishers to act quickly: \u201cWe all know that time is limited. Traffic is declining, and we have to move fast.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is where smart AI use can accelerate old development cycles. Building a new feature may have taken three months in the past, but it\u2019s a luxury publishers can\u2019t afford anymore, he said: \u201cIt\u2019s no more three months. Features are one week. Products are two weeks.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThere is a need to move fast as the window will close. You can see it sliding already.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe ad click era is over. The algorithm era is over. I think we are at the dawn of the relationship era, and we need to connect to our customers, know our customers.\u201d<\/span><\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Who is your most important reader segment? Publishers are likely to have different answers, but for too many of them, for too long, the honest answer to that would have been \u201cthe crawler.\u201d That\u2019s the view of Puneet Gupt, COO of Times Internet, the digital arm of India\u2019s largest media company, The Times Group. \u201cIt\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7028320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96697,108,192168,83,130454,192171,192172,106402],"tags":[11165,13085,192173,154603,5293,2539,28980,4629,15575,4132,192176,192174,3773,7613,4319,192175,1313],"dealstore":[],"offerexpiration":[],"class_list":["post-7028319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai","category-artificial-intelligence","category-audience-first","category-business","category-digital-media","category-puneet-gupt","category-times-internet","category-trust","tag-ai","tag-artificial-intelligence","tag-audience-first","tag-borrowed","tag-build","tag-building","tag-coo","tag-dont","tag-internet","tag-land","tag-monetising","tag-puneet-gupt","tag-reader","tag-relationships","tag-times","tag-times-internet","tag-trust"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u2018Don\u2019t build on borrowed land\u2019: Times Internet COO on building (and monetising) reader relationships - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=7028319\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Don\u2019t build on borrowed land\u2019: Times Internet COO on building (and monetising) reader relationships - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Who is your most important reader segment? Publishers are likely to have different answers, but for too many of them, for too long, the honest answer to that would have been \u201cthe crawler.\u201d That\u2019s the view of Puneet Gupt, COO of Times Internet, the digital arm of India\u2019s largest media company, The Times Group. \u201cIt\u2019s [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fivemor.com\/?p=7028319\" \/>\n<meta property=\"og:site_name\" content=\"Som2ny Network\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-05T09:29:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/08\/Puneet-Gupt-crop-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1598\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/fivemor.com\/?p=7028319#article\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/?p=7028319\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\"},\"headline\":\"\u2018Don\u2019t build on borrowed land\u2019: Times Internet COO on building (and monetising) reader relationships\",\"datePublished\":\"2026-08-05T09:29:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=7028319\"},\"wordCount\":951,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/?p=7028319#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/08\/Puneet-Gupt-crop-scaled.jpg\",\"keywords\":[\"AI\",\"artificial intelligence\",\"audience first\",\"Borrowed\",\"Build\",\"Building\",\"COO\",\"Dont\",\"Internet\",\"Land\",\"monetising\",\"Puneet Gupt\",\"Reader\",\"relationships\",\"Times\",\"Times Internet\",\"Trust\"],\"articleSection\":[\"AI\",\"Artificial Intelligence\",\"audience first\",\"Business\",\"Digital Media\",\"Puneet Gupt\",\"Times Internet\",\"Trust\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/fivemor.com\/?p=7028319#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fivemor.com\/?p=7028319\",\"url\":\"https:\/\/fivemor.com\/?p=7028319\",\"name\":\"\u2018Don\u2019t build on borrowed land\u2019: Times Internet COO on building (and monetising) reader relationships - 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