Digital Publishers Come Together as Group Nine Media, Backed by $100 Million From Discovery

The digital media industry is facing an extremely competitive revenue landscape. In times like this, it's sometimes better to link arms with other, similar, companies, backed by an even bigger, more profitable company.Discovery Communications on Thursday announced a $100 million minority investment in a new entity that will merge three digital media companies -- Thrillist Media Group, NowThis Media, and The Dodo -- with two companies, Seeker and SourceFed Studios, that are already owned by Discovery.The digital media companies will maintain independent editorial operations, which seems to make the deal announced today more of a partnership than an outright merger or acquisition. But the new entity, Group Nine Media, will enjoy a larger consumer reach than any of its individual components, a fact that executives hope will attract advertisers. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2016-10-13 00:00:00 UTC ]
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Group Nine Media Raises $50 Million from Discovery, Axel Springer

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[ AdWeek | 2019-09-09 14:56:30 UTC ]
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The $100 million wall: Digital media’s scale struggles

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[ Digiday | 2017-03-27 00:00:00 UTC ]
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Livingly Media Sells to European Publishing Group for $25 Million

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[ Folio Magazine | 2015-02-19 00:00:00 UTC ]
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Google backs French digital publishing innovation initiative with €60 million incentive

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[ Engadget | 2013-02-02 00:00:00 UTC ]
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Mode Media raises $30 million for lifestyle media publishing platform

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[ Silicon Valley Business Journal | 2015-05-23 00:00:00 UTC ]
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Global Publishing Leaders 2016: China South Publishing & Media Group Co., Ltd

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[ Publishers Weekly | 2016-08-26 00:00:00 UTC ]
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Global Publishing Leaders 2016: Phoenix Publishing and Media Group

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Global Publishing Leaders 2015: China South Publishing & Media Group Co., Ltd.

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[ Publishers Weekly | 2015-06-26 00:00:00 UTC ]
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Global Publishing Leaders 2014: China South Publishing & Media Group Co., Ltd

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The 2019 Publishing Hot List: The Print and Digital Media Brands Paving a Way to Profitability

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Digital Publishing: To Stop Misinformation From Spreading, Journalists Shouldn’t Fall Down the Social Media Rabbit Hole

By this point, the phrase “fake news” has become as ubiquitous in newsrooms as “election night pizza.” It’s a term Continue reading at Editor & Publisher

[ Editor & Publisher | 2019-06-19 07:00:42 UTC ]
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Why this digital publisher refuses to blame Facebook for media's woes

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[ Advertising Age | 2019-02-28 00:00:00 UTC ]
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WarnerMedia shuts investment arm that backed Mic, Mashable and other digital media startups

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Bustle Digital Group Buys Mic for an Estimated $5 Million

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As Publishers Build Experiential Events, Bustle Digital Group’s Newest Acquisition Will Help It Compete

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Church Publishing Looks Back on 100 Years of Books

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