OLD Media Moves

Tech news site Futurism has been acquired

Recurrent Ventures is set to announce later on Monday that it has purchased Futurism, the tech and culture-focused news site previously owned by Singularity University, a Google and Deloitte-backed technology business, reports Maxwell Tani and Lachlan Cartwright of The Daily Beast.

Tani and Cartwright report, “The purchase of Futurism marks the latest acquisition for Recurrent Ventures, which has quickly assembled a portfolio of well-liked but small, primarily digital media brands. Over the past several years, the venture equity-backed company has purchased 18 media brands including Popular ScienceSaveurOutdoor LifeField & Stream, and The Drive, among others.

“Last month, Recurrent raised its profile by announcing it had acquired MEL, the men’s lifestyle publication previously backed by Dollar Shave Club that had become a cult favorite for its irreverent culture and lifestyle writing. A number of media organizations were interested in acquiring the site when Dollar Shave Club announced it would wind down its funding of MEL. In an interview with Axios last month, MEL’s editor-in-chief Josh Schollmeyer said he was impressed by the collaboration between the site’s leaders and the venture capital firm, noting that editors from other Recurrent-owned publications encouraged the company to buy MEL.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

Recent Posts

Pacific Business News hires Meierdiercks as editor in chief

The Pacific Business News, an American City Business Journals publication, has hired Janis Magin Meierdiercks  as…

15 hours ago

Sifted reporter Nowshin departs

Sadia Nowshin, a reporter at European startup news site Sifted, is leaving to join literary…

15 hours ago

Variety promotes Shanfeld to TV reporter

Variety has promoted Ethan Shanfeld to TV reporter. William Earl of Variety writes, "Shanfeld joins the entertainment…

15 hours ago

Klimasinska named Bloomberg’s DC breaking news team leader

Kasia Klimasinska is the new team leader for DC breaking news at Bloomberg News. She…

17 hours ago

NYC event to honor Ledbetter is next week

  Paul Smalera has organized a gathering of James Ledbetter's friends and colleagues—open to all…

18 hours ago

CoStar hires Scheier to cover San Francisco market

Real estate news service CoStar News has hired Rachel Scheier to cover the San Francisco commercial market.…

19 hours ago