Jan 7, 2020

Scoop: Emerson Collective initial launch partner for new NowThis division

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A true digital media publishing breakthrough

Illustration: Sarah Grillo/Axios

Digital publishing is doing something it hasn't done en masse since the dawn of the Internet: make money. 

Why it matters: Business Insider, Vox Media, The Information, Axios and Politico all turned profits in 2019, in several cases for the first time ever, sources tell Axios. Others, like The Athletic, BuzzFeed and Vice, say they are expecting to do so this year.

Exclusive: The Athletic raises $50 million

Adam Hansmann (left) and Alex Mather (right), co-founders of The Athletic. Photo: Steph Gray, courtesy of The Athletic

The Athletic, a subscription-based digital sports media company, has raised $50 million in a Series D funding round, executives tell Axios.

  • With this investment, the company has raised a total of $139.5 million since its launch in 2016 and is valued at roughly $500 million after the new raise, according to sources familiar with the deal.
Go deeperArrowJan 21, 2020

Twitter sets high bar for taking down deepfakes

Photo illustration: Omar Marques/SOPA Images/LightRocket via Getty Images

Twitter on Tuesday announced a new policy aimed at discouraging the spread of deepfakes and other manipulated media, but the service will only ban content that threatens people's safety, rights or privacy.

Why it matters: Tech platforms are under pressure to stanch the flow of political misinformation, including faked videos and imagery. Twitter's approach, which covers a wide range of material but sets narrow criteria for deletion, is unlikely to satisfy critics or politicians like Joe Biden and Nancy Pelosi — who have both slammed platforms for allowing manipulated videos of them to spread.