The short answer
A media buy is the purchase of paid placement on a specific platform or channel: an ad, a sponsored post, a guaranteed amount of impressions. It differs from organic content in one fundamental way. A media buy purchases a guaranteed amount of exposure directly, while organic reach is never guaranteed, however good the content is.
Why the distinction matters for planning
Because a media buy's exposure is purchased directly, it is a more predictable lever for a time-bound goal like a launch date or a fixed campaign window. Organic reach depends on the algorithm and audience behavior, both outside direct control. Most reasonable strategies combine the two: consistent organic content building a durable audience relationship over time, with media buys deployed around specific, urgent goals.
A media buy still needs the content itself to work
Purchasing placement guarantees exposure, not engagement. An ad or sponsored post that isn't worth someone's attention will underperform even with guaranteed reach behind it. A media buy amplifies content; it does not substitute for content worth the attention it is buying.