Mullin reports, “The terms the companies are discussing would value Morning Brew at over $75 million, including certain performance incentives, the people said. The companies haven’t completed a deal, and the talks could still fall apart.
“The sale of Morning Brew is a bright spot in a digital-media sector that has faced a number of challenges. The online-ad market was already under pressure before the coronavirus pandemic exacerbated the situation.
“Newsletters, including those operated by companies like Morning Brew, theSkimm and traditional media outlets, are viewed as attractive, partly because they can help companies expand the reach of their content and recruit new subscribers.”
Read more here.
Barron's editor in chief David Cho sent out the following on Tuesday: All, We're thrilled to announce…
Bloomberg Industry Group announced Tuesday that it will have nine summer interns in its newsroom.…
Aime Williams is returning to the trade beat for the Financial Times, and she will continue…
Bloomberg Industry Group has hired Zainab Mudallal as a senior digital editor. She has been senior operations…
The Chicago Tribune is looking for an agile and versatile reporter to cover transportation and…
Forbes magazine has won the Malcolm Forbes and Morton Frank Award, which recognizes the best…