![]() ![]() And Comcast’s other rival Viacom has also long been in the news business through its CBS subsidiary, which owns a stable of news and tech sites as well as Simon & Schuster, a book publisher. This is actually Comcast’s second investment in Vox Media, which counts Comcast’s venture capital arm as one of its investors. Vox Media also has investments from General Atlantic, Accel Partners, and Khosla Ventures.Ĭomcast’s rival telecom Verizon has also gotten into the news business with a recent purchase of AOL, which owns the TechCrunch, Engadget, The Huffington Post, and others. The Buzzfeed deal isn’t going to be announced until later this week, but the Vox Media acquisition was officially announced today. (NBCU owner Comcast had previously invested in Vox Media, via its investment arm Comcast Ventures.)īuzzFeed, meanwhile, is expected to be worth $1.5 billion after its NBCU investment, which multiple sources say is also $200 million. Which is another way of saying Vox Media is now worth more than $1 billion, after raising around $300 million altogether. The headline for now: The media giant is investing $200 million in Vox Media, at a pre-money valuation of $850 million, according to several sources. NBCU and Vox Media are announcing their deal today. FAIR noted that Vox also covered a major investment in Snapchat by Comcast without disclosing its financial stake in Vox. were primarily related to NBCUniversals investments in Vox Media, Inc. Cond Nast brings its industry-leading data capabilities Spire and digital audiences to partner with Vox Media and NBCUniversal’s Concert advertising platform, which will reach over 200 million consumers and 99 of millennials in the U.S. Re/Code reports that Comcast-owned NBC Universal has sunk $200 million into Vox Media and Buzzfeed: Comcast Corporation Financial Statements and Supplementary Data. Cond Nast, NBCUniversal and Vox Media today announced a new partnership to deliver an unprecedented, unified offering to advertisers. Those two-week-old rumors that Comcast was interested in buying into online media companies came true today. Comcast / Apple Apple TV Plus rolls out to Comcast’s X1 platform with up to three months of free trials / Xfinity users can try some of its content next week without signing up By Richard. Comcast s ( CMCSA -0. Vox Media CEO Jim Bankoff did not respond to a request for comment.Comcast Makes $200 Million Investments in Vox Media, BuzzFeed Streaming is the future of media, but Peacock may not have a seat at the table. In general, Vox is known for pursuing a well-educated, wealthy “premium” audience rather than focusing on high-volume pageviews.Ĭomcast did not respond to a request for comment. The company was founded in 2003 as SportsBlogs, and later renamed itself after expanding into several other areas of editorial focus. Its most recent round was a $46.5 million raise last fall at a reported valuation of $380 million. Other investors include Accel Partners, Allen & Company, General Atlantic, Khosla Ventures and Ted Leonsis. Washington, D.C.-based Vox has raised over $100 million in venture capital funding, including from Comcast Ventures. (Disclosure: Comcast is an investor in The Verge’s parent company, Vox Media.) At Comcast NBCUniversal, we are competing in this dynamic environment the way we always have by continuing. Now, however, it appears that Comcast is planning to withdraw its Time Warner Cable bid, making it well-positioned to go on an acquisition spree for smaller companies. ![]() For the past year, Comcast has been wary of acquisitions while the Department of Justice scrutinized its mega-buyout for antitrust concerns, putting the tech giant on the M&A sidelines. One trouble spot? Comcast’s (CMCSA) proposed $45.2 billion takeover of Time Warner Cable (TWC). ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |