Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
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Adam Neumann was flying high. Literally. His office-rental giant WeWork was months away from being valued at $47 billion. Revenue was doubling annually. And Mr. Neumann was zipping across the Atlantic Ocean in a Gulfstream G650 private jet with friends last summer, smoking marijuana. After the group landed in Israel and left the plane, the flight crew…
Private-equity firm Great Hill Partners has agreed to acquire Gizmodo Media Group from Univision Communications Inc., the companies said, ending the Spanish-language broadcaster’s foray into English-language digital media. James Spanfeller, the former chief executive of Forbes.com and president of consumer magazines at digital publisher Ziff Davis, will become chief executive of G/O Media Inc., a…
Talks continued over the weekend to avert a programming blackout that would affect more than 24 million customers of AT&T’s DirecTV, U-verse and WatchTV services. Photo: Patrick T. Fallon/Bloomberg News Updated March 24, 2019 2:29 p.m. ET Carriage deals between pay-TV distributors and programmers typically hinge on price. In the negotiations between AT&T Inc. T…
A hedge-fund-backed media group known for buying up struggling local papers and cutting costs is planning to make an offer for USA Today publisher Gannett Co. GCI 0.52% , according to people familiar with the matter. MNG Enterprises Inc., one of the largest newspaper chains in the country, has quietly built a 7.5% position…
Digital publisher Mic Network Inc. has agreed to sell itself to women-focused publisher Bustle Digital Group for about $5 million, according to a person familiar with the matter—a fraction of Mic’s valuation less than two years ago. Mic laid off almost all of its employees ahead of the sale, another person familiar with the matter…
Stock investors are welcoming money-losing companies into the public markets this year with open arms. About 83% of U.S.-listed initial public offerings in 2018’s first three quarters involve companies that lost money in the 12 months leading up to their debut, according to data compiled by University of Florida finance professor Jay Ritter. That is…
The U.S. digital ad market grew by nearly $12 billion last year, with Google and Facebook collecting 77 cents of each new dollar spent, according to eMarketer. Peter and Maria Hoey June 19, 2017 5:30 a.m. ET Facebook Inc. FB -2.59% and Alphabet Inc.’s GOOGL -0.02% Google tower so far above the rest of the…
Dec. 15, 2017 7:59 a.m. ET Good morning. Advertising company holiday e-greeting cards usually make me cringe, so I will admit I was limbering up for a face-stretching grimace when MediaMath’s holiday message landed in my inbox. This year, MediaMath offered up an amusing holiday meditation. “There is no fraud. Your life is not being…
Advisers who represent what remains of Gawker Media Group in bankruptcy are exploring whether they can bring a viable lawsuit against Peter Thiel, the Silicon Valley billionaire who helped finance Hulk Hogan’s successful legal battle against the publisher. Gawker on Tuesday asked a bankruptcy judge for permission to subpoena Mr. Thiel to obtain information upon…
This October, when Ido Alexander saw photos a young man had posted on social media, he thought he had hit the bankruptcy jackpot. Mr. Alexander, a Florida lawyer working for a court-appointed trustee, dispatched an appraiser to the man’s home to inspect the expensive-looking gold chains and other jewelry he had been posing in, which he hadn’t…