Flynn and Fischer report, “It’s the latest in a series of major leadership changes, layoffs and strategic shifts since Insider acquired the digital media startup in 2020.
“Catch up quick: Insider is owned by Axel Springer. The German media giant has been expanding more into the U.S., acquiring Politico in 2021 and in turn making Morning Brew a smaller part of its growing portfolio.
“Morning Brew was founded in 2015 when Alex Lieberman and Austin Rief were at the University of Michigan. It expanded from one business-focused newsletter to more newsletters, podcasts, video series and other products. Insider’s deal valued the company at around $75 million.”
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