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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Media Decoder Blog: Tina Brown on 'Scaremongering' and Newsweek

The editor of Newsweek Daily Beast wrote to reassure staff members after comments by Barry Diller about the future of a print version of the magazine. Continue reading at The New York Times

[ The New York Times | 2012-07-26 00:00:00 UTC ]
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Headline to publish erotic ebook series

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[ The Bookseller | 2012-07-24 00:00:00 UTC ]
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[ The Bookseller | 2012-07-24 00:00:00 UTC ]
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Travel publishing 'at crossroads'

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[ The Bookseller | 2012-07-24 00:00:00 UTC ]
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[ The Bookseller | 2012-07-23 00:00:00 UTC ]
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Headline to publish Texts From Dog

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[ The Bookseller | 2012-07-23 00:00:00 UTC ]
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Self-publishing Goes Big Time

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[ Publishers Weekly | 2012-07-20 00:00:00 UTC ]
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Senator Schumer sides with Apple and publishers in ebook price fixing case

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[ Betanews | 2012-07-20 00:00:00 UTC ]
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[ BBC News | 2012-07-20 00:00:00 UTC ]
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[ Editor & Publisher | 2012-07-20 00:00:00 UTC ]
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[ The Bookseller | 2012-07-20 00:00:00 UTC ]
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[ The New York Times | 2012-07-18 00:00:00 UTC ]
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[ The Bookseller | 2012-07-18 00:00:00 UTC ]
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[ The New York Times | 2012-07-18 00:00:00 UTC ]
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Curtis Brown and Foyles team up for author 'Discovery Day'

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[ The Bookseller | 2012-07-17 00:00:00 UTC ]
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[ The Bookseller | 2012-07-16 00:00:00 UTC ]
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[ Publishers Weekly | 2012-07-13 00:00:00 UTC ]
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[ The Bookseller | 2012-07-13 00:00:00 UTC ]
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