Scale up, including through the acquisition of Tumblr. amid much fanfare in 2018, divested its entire magazine-media portfolio to Dotdash. And just weeks ago, Meredith, which acquired Time Inc. For example, Verizon threw in the towel on Verizon Media, its bid for media scale with the combination of

Or, put another way, it has produced some of the biggest flame-outs of the last 20 years. But scale for scale’s sake rarely works in media. Will bring together some of the most popular brands, premium content and creative and business talent in the world,” Lerer stated. “This combination will not only create unparalleled scale and revenue diversification, it

Like nearly all media-industry mergers, the objective is scale. 6 at $10.95, and increasing briefly to $14.28, the BuzzFeed stock ended its first week at $6.07 and was trading on Tuesday But in the intervening days since it began trading on Nasdaq, the market Vox Media folds Group Nine media brands into its editorial offer Vox Media Vox Media acquires Cafe Studios as it expands its podcast network. BuzzFeed’s performance is viewed as a bellwether for other digital media companies. The Vox-Group Nine transaction comes just days after BuzzFeed went public in an IPO last week, while acquiring the mediaĬompany Complex Networks. media company by audience, according toĬomScore, with nearly 350 million social media followers, 6 billion monthly video views, and an advertising marketplace that reaches hundreds of millions of people each month.Īcquisition, Vox Media will extend its leadership into new categories, formats and distribution platforms by welcoming more beloved properties into our portfolio,” Vox Media CEO Jim Bankoff said in a press statement. Combined company is expected to generate more than $700 million in revenue in 2022 and more than $100 million in profit, according to the WSJ, which makes it substantially larger thanīuzzFeed, which generated $421 in 2020 revenue and had earlier indicated that it will exceed $500 million this year.

Vox media group