Digital content

Group Nine Media raises $50 million from Discovery and Axel Springer

Photo: Group Nine

Group Nine Media, which includes digital lifestyle brands like The Dodo, NowThis, Thrillist and Seeker, has raised $50 million from Discovery Inc. and German publishing giant Axel Springer.

Why it matters: It's one of the biggest digital media investments in the past year. Investors have been mostly bearish on digital content companies because they are hard to scale and usually aren't very profitable.

YouTube says its new hate speech policies are working

Phone with YouTube logo
Photo illustration: Avishek Das/SOPA Images/LightRocket via Getty Images

YouTube says that changes it made to broaden its hate speech policies in June have resulted in a significant increase in problematic videos being removed from its platform.

Why it matters: The video giant says that usually it takes months for the company to ramp up enforcement of a new policy, but results from its latest quarterly report show that the June updates have quickly boosted the amount of content it's pulling off its platform.