Sometimes it’s important to look beyond the headlines, seek the wider picture and consider the nuances. And this is especially true in the world of media finance, writes Ashley Norris, who spoke to mergers and acquisitions (M&A) guru Reed Phillips, CEO of Oaklins DeSilva+Phillips investment bank, at the recent Mx3 media event in Barcelona. Many stories have been written about the downfall of millennial darlings Vice Media and BuzzFeed, detailing how these media companies took huge chunks of investment money, created monster valuations, and then saw their businesses crash as revenues fell well short of expectations. Former editor-in-chief of BuzzFeed…