How Business Insider was sold for $442 million

Allyson Shontell of Business Insider writes an insider story about how the business news website was sold earlier this fall to German company Axel Springer for $442 million. Shontell writes, “For Axel Springer, a year or two wasn’t enough. The company wanted Blodget and Hansen to commit to a much longer timeframe. Springer also wanted Blodget and Hansen […]

TheStreet CEO: We’re undervalued compared to competitors

Here are comments made by TheStreet chief executive officer Elisabeth DeMarse on its earnings conference call Wednesday: To sum up, I believe TheStreet is undervalued on its space today. The intrinsic value of the company is substantially higher than it was two years ago. Earlier I mentioned the recent high valuations for digital media company […]

Business Insider’s big expansion plans

Joe Pompeo of Politico writes about Business Insider‘s expansion plans. Pompeo writes, “There are now about 350 full-time employees in the joint, most of them in New York, others scattered between London, Chicago, San Francisco and a few random U.S. states here are there; 200 of those work in editorial. The plan is to add […]

Blodget: Business Insider’s goal is to get better every day

Politico Media interviewed Business Insider editor in chief Henry Blodget about the website and its recent sale. Here is an excerpt: POLITICO: Not surprisingly, Business Insider in 2015 looks a lot different than early iterations. There’s been a big increase in the amount of original reporting, and you’ve built an impressive roster of journalists. Do you […]

Business Insider to put paywall around some content

Business Insider is on course to be one of the first digital only news operations to erect a paywall around some of its content, writes Matthew Garrahan of the Financial Times. Garrahan writes, “Could a paywall work for Business Insider? Its mix of free, irreverent business news, slideshows and content pulled and repurposed from other […]

Business Insider expands its video team

Mike Shields of The Wall Street Journal writes about how Business Insider has boosted its video operation. Shields writes, “When he joined the company about two years ago, Business Insider had roughly five people on its video team. That number has swelled to 45. “That team is focus is on producing short clips that run […]

Tech Insider seeks design reporter

Tech Insider is hiring a reporter to cover the world of innovation and design. It will be your job to find the most interesting angles on what’s happening in the realms of architecture, design for the developing world, product design, urban design, and everything in between — and then report what you find to our […]

Why a Business Insider co-founder reluctantly sold

Christine Lagorio-Chafkin of Inc. magazine talked to Business Insider co-founder Kevin Ryan on the decision to sell an 88 percent stake in the business news site to Axel Springer for $343 million. Lagorio-Chafkin writes, “After getting to know the company better, Ryan says Springer execs called him in July and said, ‘listen, we’d like to […]

Can Business Insider make money?

Leonid Bershidsky of Bloomberg View explores whether Business Insider can make money for new owner Axel Springer. Bershidsky writes, “The deal sends a powerful message about Axel Springer’s ambitions. The company said Tuesday that the acquisition puts it in sixth place among international publishers by audience reach — a feat made possible by Business Insider’s 76 million […]

From Wall Street outcast to business journalism success story

Matthew Garrahan of The Financial Times writes about Business Insider co-founder and editor in chief Henry Blodget in the wake of the sale of a majority stake in the business news website to Axel Springer for $343 million. Garrahan writes, “The size of Mr Blodget’s stake is unclear yet as one of Business Insider’s three […]