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Groups of internet websites are forming in clusters so that they can share resources and leverage their collective size to negotiate better deals with digital content distributors and offer better advertising solutions.

The latest: Bustle Digital Group announced yesterday that it is acquiring The Zoe Report from Rachel Zoe, Inc., a popular fashion and lifesytle brand for young women. Bustle CEO Bryan Goldberg says they are planning more acquisitions in the future.

Why it matters: The holding groups in some ways mimic the way cable channels joined together decades ago to create mega-networks (Turner, Viacom, etc.) that could be used to negotiate more powerful distribution deals with TV content distributors, like cable and satellite companies.

Some of the new digital networks that have formed over the last few years:

Some networks, like CBS and NBCUniversal, also own and/or invest in a handful of digital media sites. CBS owns sites like CNET and TV Guide. NBCUniversal has partnered with Refinery29 on content and invested in sites like BuzzFeed, Vox Media and Axios.

Go deeper: TV boss warns that some consolidation could kill good content

Editor's note: This piece has been corrected to show that NBCUniversal has partnered with Refinery29 on content, not invested in the brand.

Go deeper

Biden says $1,400 stimulus payments can start going out this month

Photo: Samuel Corum/Getty Images

President Biden said Saturday that the Senate passage of his $1.9 trillion COVID relief package means the $1,400 direct payments for most Americans can begin going out later this month.

Driving the news: The Senate voted 50-49 Saturday to approve the sweeping legislation. The House is expected to pass the Senate's version of the bill next week before it heads to Biden's desk for his signature.

7 hours ago - Health

COVID-19 drives smell loss awareness, research

A health worker carries out an olfactory test outside Buenos Aires. Photo: Alejandro Pagni/AFP via Getty Images

The pandemic has thrust a relatively unknown ailment, anosmia — or smell loss — into the international spotlight.

Why it matters: Researchers hope smell testing becomes as standard as the annual flu shot, helping to detect early signs of neurodegenerative diseases like Alzheimer’s and Parkinson’s.