All Media stories

Dollars flow to live audio as moderation problems loom

Illustration: Rebecca Zisser / Axios

The social audio craze that exploded during pandemic-driven lockdowns looks like it is here to stay, thanks to big investments from Silicon Valley.

Driving the news: Clubhouse said Sunday it closed a new Series C funding, valuing the buzzy live audio app at $4 billion, sources tell Axios. That's an astonishing number for an app that's still in beta and has no revenue.

Apr 16, 2021 - Economy & Business

Local news moves to the inbox

Illustration: Annelise Capossela/Axios

A slew of new companies are launching platforms for local newsletters, a shift that could help finally bring the local news industry into the digital era.

Driving the news: Substack, the email publishing platform for independent journalists, on Thursday announced a new local news platform.

Apr 15, 2021 - Economy & Business

Neeraj Khemlani, Wendy McMahon named co-heads of CBS News, CBS TV stations

Photo: GREGG NEWTON / Getty Images

ViacomCBS on Thursday named Neeraj Khemlani and Wendy McMahon president and co-heads of a unit that will oversee both CBS News and CBS television stations.

Why it matters: The roles were announced one day after former CBS News executive Kimberly Godwin was named president of ABC News.

Apr 15, 2021 - Economy & Business

Women rise to the top at major media companies

Illustration: Aïda Amer/Axios

Several women have been tapped to lead some of the country's largest newsrooms over the past year — a promising sign of progress for an industry that's typically been slow to accept change and embrace diversity.

Driving the news: CBS News executive Kimberly Godwin was named president of ABC News on Wednesday. Godwin will be the first Black woman to lead a major broadcast news division when she takes the helm in May.

Apr 14, 2021 - Economy & Business

Scoop: Media startup banks on charging for buzzy business news

Illustration: Eniola Odetunde/Axios

Three digital media veterans are launching a new paid subscription media company with a multi-million dollar Series A funding round led by 40 North Media, a related investment business of Standard Industries, and private equity giant TPG Growth, Axios has learned.

Driving the news: The co-founders of the new company are Joe Purzycki, co-founder of the podcast company Luminary, Jon Kelly, a former New York Times editor and founder of Vanity Fair’s "The Hive," and longtime digital media executive and early Athletic employee Max Tcheyan.

Apr 14, 2021 - Economy & Business

Mexican media giant Televisa to merge content business with Univision

Illustration: Rebecca Zisser/Axios

Grupo Televisa S.A.B ("Televisa"), one of the largest media companies in Latin America, on Tuesday agreed to merge its content assets with Univision Communications, the largest Spanish-language broadcaster in the U.S.

Why it matters: The deal will create one of the biggest Spanish-language media companies in the world, and will help deliver more Spanish-language streaming content opportunities.

Apr 13, 2021 - Technology

Microsoft looks to leapfrog Big Tech competitors with major acquisitions

Data: CB Insights; Chart: Andrew Witherspoon/Axios

Microsoft is trying to leapfrog competitors like Google and Amazon as they face record antitrust scrutiny.

The big picture: The deals Microsoft has been eyeing are larger than its usual targets and bigger than those of its competitors.

Apr 13, 2021 - Economy & Business

Graydon Carter's Air Mail outlines ambitious growth plans

Photo by John Shearer/Getty Images

Former Vanity Fair editor Graydon Carter's new media venture, Air Mail, expects to employ 40 people by year's end, up from 30 today and 10 at launch in 2019, Axios has learned. It currently has over 75 editorial contributors.

Why it matters: While some have criticized the outlet as a nostalgic attempt to recreate print online, its strategy has helped the company seamlessly transition into new revenue streams like e-commerce, where brand authority is important.

Updated Apr 13, 2021 - Economy & Business

Scoop: DraftKings readies major media push

Illustration: Sarah Grillo/Axios

DraftKings has hired Brian Angiolet, former senior vice president and chief business officer at Verizon, as the company’s first-ever chief media officer.

Details: Angiolet will lead a team responsible for evaluating potential media acquisitions and content efforts, sources tell Axios. The team will help vet future deals and content partnerships that the company will use to help drive customer referrals to its sportsbook.

Apr 13, 2021 - Economy & Business

Ad industry expected to make a major COVID comeback

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Data: GroupM; Chart: Will Chase/Axios

The advertising industry, plagued last year by pandemic-driven budget cuts, is poised to return stronger than ever in 2021 and beyond, according to several new forecasts.

Be smart: The quick turnaround means that the ad market is recovering faster than it did following the 2008 recession.