Sep 24, 2019

The Information and Bloomberg discuss a bundled subscription

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New financial media company targets high-end individual investors

Atom Finance

Atom Finance, a new media and financial technology company, has raised $10.6 million in a Series A round, executives tell Axios. The company had previously raised $1.9 million in an unreported seed round in February.

The big picture: The news and analysis market for high-end individual investors has been difficult to corner. While there are pricey solutions for big enterprise companies, like the Bloomberg Terminal, and free solutions for casual investors, like Google Finance, Atom execs argue that there isn't one company that truly owns the middle.

Go deeperArrowOct 1, 2019

Vox Media acquires New York Magazine parent company

Vox Media

Vox Media, the D.C.-based digital media company that's home to several popular internet brands, like Polygon, Eater, SB Nation and others, agreed to acquire New York Media, the parent company to New York Magazine, on Tuesday in an all-stock transaction. Deal terms were not disclosed.

Why it matters: New York Media has been in the hands of a private family trust for years. Its sale underscores a growing trend of media companies consolidating either for stability, survival or growth.

Go deeperArrowSep 25, 2019

Farewell, iTunes

Photo: Lionel Bonaventure/AFP/Getty Images

iTunes is off to the big app farm in the sky, with the latest Mac update officially shuttering the program, AP reports.

The big picture: iTunes revolutionized the way users consume music, promoting the sales of songs at often 99ยข a piece and allowing individuals to easily organize playlists on their media devices. But as music subscription services like Spotify and Apple Music crept in, iTunes began to lose its following.

Go deeperArrowOct 7, 2019