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Recurrent Ventures

Recurrent Ventures, a venture equity-backed digital media company, is relaunching Popular Photography, a digital website that's dedicated to photography enthusiasts.

Why it matters: It's the third brand Recurrent has relaunched in the past few years, as it looks to grow its digital media footprint.

Details: The brand, previously a monthly print magazine, has mostly been dormant the last few years, as Recurrent looked to rebuild the website.

  • In a statement, the company said it has put in place a new editorial team, including a team of contributors and photographers. Some of the talent that will work on the brand also work with Popular Photography's sister publication Popular Science.
  • Moving forward, the site will focus more on making the new age of photography, which includes smartphone and social media, more accessible to the masses.
  • Coverage will include features on how-to’s for photography, cultural commentary and reviews of new and used cameras and gear.
  • The relaunch coincides with the revival of "The POP Awards," the company's annual review of the best photography gear.

Catch up quick: Recurrent has built a portfolio of digital media brands through targeted acquisitions over the past few years, starting with acquiring The Drive from Meredith in late 2018.

  • In 2020, it acquired several titles from Bonnier Corporation, including Popular Photography.
  • Recurrent was launched by private equity firm North Equity this summer as the operating business for its digital media portfolio. North is still Recurrent's investor and owns a proprietary ad tech platform that it uses to help niche publications scale.
  • Earlier this year, Recurrent relaunched Car Bibles, as well as MEL Magazine, the popular men's culture title it purchased from Dollar Shave Club.

What to watch: Recurrent Ventures raised $75 million in October to continue buying distressed assets, often in print, that it can revive as digital brands. More acquisitions are expected in 2022.

Go deeper

Jan 12, 2022 - Economy & Business

D.C. journalists launch media startup called "Grid"

Grid

A group of D.C.-based journalists on Wednesday launched a new media company called "Grid" that focuses on hard news analysis and investigative reporting.

Why it matters: Grid debuts amid a flurry of new media companies looking to reach a similar audience of wealthy, elite professionals.

Scoop: Stephanie Ruhle to replace Brian Williams on MSNBC

Photo: Nathan Congleton/NBCU Photo Bank/NBCUniversal via Getty Images via Getty Images

MSNBC will soon announce plans to move morning anchor Stephanie Ruhle to the 11 pm ET hour that Brian Williams turned into an elite destination, two sources familiar with the move tell Axios.

Details: The 9 am ET hour, currently hosted by Ruhle, will become part of MSNBC's flagship morning show, "Morning Joe," which currently runs from 6 am to 9 am ET.

Oath Keepers leader denied bail on Capitol riot sedition charge

Oath Keepers co-founder Elmer Stewart Rhodes. Photo: Susan Walsh/AP

A federal judge ordered Oath Keepers leader Stewart Rhodes to remain jailed Wednesday until trial on charges stemming from the Capitol riot.

Why it matters: The judge said the most prominent far-right figure charged in the Jan. 6, 2021, insurrection had access to weapons and his alleged "continued advocacy for violence against the federal government" gave credence to prosecutors' view that, if released, Rhodes could endanger others.