Discovery Communications

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 TV hikes prices after inking Discovery deal

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YouTube TV announced Wednesday it is increasing its prices to $50 per month after striking a major multi-year distribution agreement with Discovery Communications to provide channels like HGTV, Food Network, TLC, Animal Planet, Travel Channel, and more.

Why it matters: This is the latest in a series of price hikes for digital TV packages called "skinny bundles." The price hikes, which are occurring as the skinny bundle packages add more channels, show that it's difficult for smaller digital TV packages to compete with the bloated and expensive Pay-TV packages that they sought to displace.