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Peter Kafka

8 quotesMusician · Germany · Male

All Media Cliff Notes (5)Media Acquisitions (3)Elite Daily (2)Jon Steinberg (2)Digital media (2)Daily Mail (2)The Present Of Media (2)New Yorker (1)Google (1)Bustle Digital (1)Vogue (1)The Outline (1)Facebook (1)Media (1)Condé Nast (1)

From “No joke: Demand Media sells Cracked.com to E.W. Scripps for $39 million”

Demand Media is selling humor site Cracked to E.W. Scripps for $39 million... It has 40 employees, and generated $11 million in revenue last year.In January, comScore said the site attracted eight million U.S. visitors.

Media Acquisitions Demand Media

From “Two years after buying Elite Daily, the Daily Mail says the Facebook publisher is worthless”

The owner of the Daily Mail, the publisher that bought Elite Daily in January 2015, says the New York-based startup has been a bust, and has written down all of its investment in the money-losing company, citing ‘poor performance.’ It is taking a $31 million loss in the process.

Media Acquisitions The Present Of Media Elite Daily Daily Mail Jon Steinberg

Reports at the time of Elite Daily’s sale pegged the price at $40 million to $50 million. But a financial report from the Daily Mail and General Trust says the company paid 17.6 million pounds for the company — about $26 million dollars at 2015 exchange rates. It’s possible that retention bonuses or…

Media Acquisitions The Present Of Media Elite Daily Daily Mail Jon Steinberg

From “Google and Facebook can’t help publishers because they’re built to defeat publishers”

Here’s the problem: No matter how hard Google and Facebook try to help publishers, they will do more to hurt them, because that’s the way they’re supposed to work. They’re built to eviscerate publishers.

Media Cliff Notes Facebook Google Digital media

From “Bustle Digital, the company that bought Gawker and Mic, has acquired the Outline”

And yes, Topolsky says, he didn’t expect to end up working with Goldberg, either.

Bustle Digital The Outline Media Cliff Notes Digital media

From “The company that owns the New Yorker and Vogue is bleeding money”

Conde Nast is the company behind some of the world’s most glamorous and influential magazines, including Vogue, the New Yorker, and Vanity Fair. It is also a company in decline, because the magazine business is in decline.

Vogue Condé Nast New Yorker Media Cliff Notes Media

From “Why Vox Media says it bought New York Media”

Bankoff has pledged not to cut any editorial jobs when the two companies combine, which leaves open the very real possibility that Vox will consolidate other parts of the business, like tech or sales operations. He told me the deal is not premised on cost-cutting, but that’s different from saying he…

Media Cliff Notes

From “Spotify is buying Bill Simmons’s The Ringer to boost its podcast business”

Spotify is making yet another big budget purchase aimed at getting a lead in the growing podcast industry: The streaming music company has agreed to a deal to purchase The Ringer, the podcast-centric media company run and owned by Bill Simmons.

Media Cliff Notes

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