The Equity team today chewed through a trio of media stories, each dealing with private companies and their successes. The Wall Street Journal recently reported that Axios was growing rapidly and near success. The paper likewise broke news that Early morning Brew might exit to Company Expert for a significant$75 million prospective payout. We covered the news that The Juggernaut raised$2 million for its paywalled publication focused on South Asian news. The conversation, as a result, was a nerdy and fairly indulgent affair. It’s constantly enjoyable to commemorate other reporters finding success in different methods, and today
felt like a moment for the media news landscape. Due to the fact that the topic is so near to our hearts, for better or worse, we’re fitting our more comprehensive thoughts into this post about the future of media. Our own Natasha Mascarenhas writes about how inequity in media and who gets to succeed, Danny Crichton has some pretty strong feelings about digital advertising and Alex Wilhelm discusses how the diverse approaches of recent media success are themselves heartening. So this weekend let’s pause for a minute to ruminate on the upstart media world, a place where frequently private capital and media economics have actually had a falling out. This week, it was announced that advertising may not
be a bad idea. Axios is apparently expected to become successful this year, and Early morning Brew, a totally free newsletter about company insights, could get obtained
for between $50 million to$75 million by Organization Insider. Both of these media companies make money off of newsletters. And if you end the story there, it’s clear that news isn’t just a basic aspect of our democracy– it earns money, too. The story shouldn’t end there. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.