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Politico sells, Forbes SPACs, and Vice cuts

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The Fairness crew felt that there was sufficient media information out just lately that we merely had no selection however to fireside up a Twitter House and have a chat. The above episode is a dialogue of some issues, in a unfastened and relaxed method, so don’t take any of the Verizon jokes too severely, Verizon, as we nonetheless give you the results you want. For a number of extra days.

Regardless, right here’s what Danny and Alex bought into:

  • Politico sells for $1 billion: Its new dad or mum firm Axel Springer additionally shopping for the remainder of Politico Europe and all of Protocol on the identical time. This deal exploded everybody’s Twitter feed because of its scale, and the truth that it was one heck of an exit for a media firm. One billion {dollars}? For media? On this financial system? Sure!
  • Forbes goes public through a SPAC: Yep, the venerable Forbes magazing and its monumental digital arm are taking the blank-check path to the general public markets, which implies that we bought its numbers and time to walk by them. Our take is that Forbes has achieved huge work to take its IRL model and prolong it into the digital world. The corporate has huge plans as well, and can be value greater than $800 million when it combines.
  • Layoffs hit Vice: As Vice turns its focus to video content material — you’ve heard this story earlier than — it’s shedding a few of its editorial employees. The layoffs have been a stinkbomb on Media Twitter after the opposite information of the week, however have been sadly not an enormous shock. The corporate’s union decried them as one thing of a yearly recurrance. Not good, not good in any respect.

And there’s extra media information to return. Our dad or mum firm Verizon Media is predicted to shut its sale to Apollo on September 1 or someday quickly after, which implies we’ll both be internet hosting Fairness often as at all times, or we’ll be internet hosting the RUDE (Not too long ago Unemployed As a consequence of (Non-public) Fairness) podcast.

Fairness drops each Monday at 7:00 a.m. PDT, Wednesday, and Friday morning at 7:00 a.m. PDT, so subscribe to us on Apple PodcastsOvercastSpotify and all of the casts.

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