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“Daily Beast CEO scrambling after rumors of potential sale leaked” Daily Beast’s boss scrambled Friday to tamp down fears the news site will be sold after a report that a deal was in the works, The Post has learned. CEO Heather Dietrick fired off a message to jittery staff, saying “there is no deal and…
“Forbes scraps plan to go public via SPAC merger” Forbes Global Media, the publisher of Forbes magazine, said it’s doing an about-face on its plans to go public through a merger with a blank-check acquisition firm. The deal, which was announced in August, would have taken the 104-year-old magazine and digital publisher public at a $630…
“Vice Media hires financial advisor for sale: report” Vice Media, the Brooklyn-based digital media company founded by Shane Smith, has hired bankers to put the company up for sale, according to a report. Several buyers have expressed “preliminary interest” in buying Vice outright, CNBC reported late Monday. Vice, which is saddled with outstanding debt and…
“#Universal Music aims to make money in metaverse with artist NFTs” Universal Music Group has struck a partnership with NFT platform Curio to develop non-fungible token (NFT) collections for its record labels and artists, the companies said on Thursday. The deal is a major move into a potentially new revenue stream by the world’s largest music company, which, like its…
“#Publisher trade group backs bills targeting Apple, Google monopolies” A group representing major news publishers is backing two bills aimed at reining in app stores owned by Apple and Alphabet’s Google, according to a new report. The group, called Digital Content Next, wrote to US Senate Judiciary Committee Chairman Dick Durbin (D-Ill.) and Sen. Chuck…
“#Jay Penske and Janice Min find ‘resolution’ over key editorial hire” An unusual tug-of-war between a pair of media moguls over a Hollywood journalist has given way to an equally unusual compromise. Tatiana Siegel — executive film editor at The Hollywood Reporter — said on Twitter Wednesday that she will move to “Rolling Stone,” where…
“#Vox Media agrees to buy Group Nine Media in all-stock deal” Vox Media, owner of New York magazine, the Verge and Vox, has inked a deal to buy Group Nine, home to Thrillist, The Dodo and NowThis, creating a new digital media juggernaut. Terms of the all-stock deal were not disclosed late Monday. Vox Media…
“#Marie Claire quietly ends US print edition after 27 years” Women’s magazine Marie Claire is ending its US print edition after 27 years, The Post has learned. The magazine, which was sold by Hearst to British publisher Future Media in May, quietly informed its subscribers via a letter that its Summer 2021 issue would be…
“#Vice begins a new round of layoffs as company shifts to video” Vice Media quietly enacted a new round of layoffs Thursday, as the Brooklyn-based gonzo news company continued to shift its focus toward video content. A memo from Vice’s chief digital officer Cory Haik that was peppered with corporate-speak heralded the “growth period” of…
“#Forbes to become public company through $630M SPAC merger” Forbes Global Media, the publisher of Forbes magazine, said Thursday that it will go public through a merger with a blank-check acquisition firm in a deal that values the combined entity at $630 million. The company said it will merge with special purpose acquisition company Magnum…