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“#Gawker quietly relaunches, asks readers for an ‘open mind and heart’” Gawker — the snarky gossip site that went bankrupt five years ago because of a lawsuit over a Hulk Hogan sex tape — quietly relaunched on Wednesday, begging readers to have an “open mind and an open heart.” Picked up at a bankruptcy auction three…
“#Buzzfeed looks to raise $200M to buy Complex Networks: report” BuzzFeed is in talks to raise about $200 million in convertible bonds in order to make an offer to buy lifestyle publisher Complex Networks, according to a new report. The $200 million raise would come as BuzzFeed is trying to go public via a special…
“#Sotheby’s to auction world’s first known NFT” Sotheby’s will auction off the world’s first known NFT this week — and is pulling out all the stops as it attempts to give historical weight to the red-hot digital art craze. Kevin McCoy’s “Quantum” — a simple red, blue and pink image which was created in May…
“#Vice Media’s value reportedly halved to less than $3B in SPAC deal” Vice’s sky-high market valuation of nearly $6 billion reportedly has been cut in half as the millennial-focused new media company prepares to go public later this year. Founded by gonzo journalist Shane Smith, the Brooklyn-based firm is eyeing an initial public offering through…
“#Firebrand writer tapped to bring Gawker back from the dead” Bustle Digital Group has hired a firebrand writer from Gawker’s past to lead its third effort at resurrecting the snarky gossip site it picked up at a bankruptcy auction nearly three years ago. Bustle had little to say on the effort except to confirm it…
“#Amazon will present for the first time at major digital advertising event” Amazon is looking to expand its burgeoning advertising business and its next stop is the digital media’s biggest show. The Jeff Bezos-led company said Thursday that it will join the likes of Twitter, Snap and Google’s YouTube in pitching advertisers at the Interactive…
“#News Corp. agrees to three-year deal with Facebook in Australia” News Corp. on Monday said it has reached a new three-year deal with Facebook in Australia — one of the first major deals announced since that country last month passed a law effectively forcing tech titans to pay for news content they link to on…
“#What are NFTs, and why are people paying millions of dollars for them?” A couple of days ago, the musician Grimes sold some animations she made with her brother Mac on a website called Nifty Gateway. Some were one-offs, while others were limited editions of a few hundred – and all were snapped up in…
“#There’s a secret message on the new White House website” With a new guy in the Oval Office, there’s going to be a lot of changes around here — the White House website among them. Climate change policy, plans for racial equity and swift action on COVID-19 are among the topics being discussed on WhiteHouse.gov….
“#Digital-media coronavirus survivors’ urge to merge” Digital-media companies that survived the pandemic are now rushing to join forces as they scramble to battle the tech giants for ad dollars. The most recent example is a bit complex as it involves an esoteric — but wildly popular — financial vehicle known as a Special Purpose Acquisition…