The document discusses 5 ways to think about media in 2021. Niche media is thriving by focusing on underserved communities. Mass media has been unbundled with digital-first brands born in the last 10 years thriving by being small, agile, and adaptable. Successful media ventures start with small passionate communities. Anyone with a real audience can be considered media. While social media is a great discovery channel, platforms own the space and creators should develop their own intellectual property and platforms to directly serve their audiences and diversify revenue beyond advertising.