Attention Capital CEO Joe Marchese. Photo: Jerod Harris/Getty Images for PTTOW!

Attention Capital, the new media and technology investment firm, is adding Gary Newman, former CEO and chairman Fox Networks Group, and Lisa Gersh, former CEO of Alexander Wang, as executive partners.

Details: Newman and Gersh will work with founders across the companies that Attention Capital is investing in. They will advise Attention Capital's three founders — former Snapchat head of content Nick Bell, former SVP of Commercial Growth & Business Strategy at Palantir Ashlyn Gentry, and former president of advertising revenue for Fox Networks Group Joe Marchese — on deals and transactions.

  • They will also source deal flow for the investment side of the business and consult on business operations for portfolio companies.

The big picture: The goal of Attention Capital is to buy, build, and scale brands and technologies that shape the attention economy.

  • The company is looking to raise nearly $500 million to invest in everything from measurement companies to news brands and entertainment upstarts, sources tell Axios.
  • This past summer, Attention Capital joined forces with Lupa Systems, the venture company led James Murdoch, to acquire a majority stake in Tribeca Enterprises, the company that produces the Tribeca Film Festival.

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Why it matters: Fauci made the comments the same day the U.S. hit its highest daily COVID-19 case count since the pandemic began.

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Why it matters: The U.S. saw a significant decline in African-American voter turnout between 2012 and 2016, reaching its lowest point since 2000. Higher turnout among Black Americans this year could tip the balance in favor of Democrats in key battleground states, including Georgia.

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Illustration: Aïda Amer/Axios

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