Katie Robertson and Benjamin Mullin of The New York Times examine some startup news organizations that are thriving.
Robertson and Mullin write, “The Ankler, a paid newsletter focused on Hollywood, is anchored by Richard Rushfield, an entertainment journalist who has emerged as Hollywood’s unsparing gadfly, narrating the industry’s unending chaos and skewering the actors, agents and executives responsible for creating it.
“Ankler Media has raised $1.3 million at a valuation of $20 million and has been profitable for more than a year, said Janice Min, the company’s chief executive and founder, who previously helmed The Hollywood Reporter and Us Weekly. The Ankler now has seven employees and publishes several newsletters, including Wake Up, a Hollywood news digest.
“‘If we want to make a Hollywood analogy, it’s like these growing franchises are multiverses,’ Ms. Min said. ‘People like what we do and see our newsletters as an extension of the voice that might have drawn them in in the beginning.'”
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