Posted on 07/14/2020 2:03:21 PM PDT by dynachrome
Ok, so they can’t do restaurant reviews or concert reviews. I get that. But, again, they are an online business. What is keeping them from staying in business?
According to Wikipedia (for what it is worth), here is where they received their initial capital:
In December 2014, Vox Media raised a US$46.5 million round led by the growth equity firm General Atlantic, estimating the media company’s value at around $380 million. Participants in Vox Media’s previous rounds include Accel Partners, Comcast Ventures, and Khosla Ventures. Other funders are Allen & Company, Providence Equity Partners, and various angel investors, including Ted Leonsis, Dan Rosensweig, Jeff Weiner, and Brent Jones. According to sources, the Series C in May 2012, valued Vox Media at $140 million.[28] A Series D valued the company north of $200 million, raising an additional $40 million.
In August 2015, NBCUniversal made a $200 million equity investment in Vox Media, valuing the company at more than $1 billion. Comcast, which owns NBC, additionally already owned 14% of Vox through other subsidiaries.
Ad money.
Actually there’s more substantial outcomes from COVID....parents realizing the crap their kids were taught in school, some making a decision to homeschool and teleworking bring a real option for many government agencies and businesses allowing people to stay home.
Where shall so many talentless former Washington Post hacks find work? Perhaps a zoo somewhere needs someone to sweep cages.
Gotcha. Thank you.
Salon lost money for a very long time and some Rat donors would give them an annual injection of cash to keep them alive
They can always learn to code.
Lack of material, lack of advertisers/ad revenue.
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