Business Insider, Vox, BuzzFeed, Medium: What’s Driving Digital Media’s New Investment Craze

Posted Wednesday, September 30, 2015 10:03 am

Jordan Chariton | The Wrap

As the new media landscape continues to threaten traditional media, digital sites are cashing in like never before.

On Tuesday, German media company Axel Springer announced plans to purchase 88 percent of Business Insider for $343 million, valuing the site at a stunning $390 million. The deal increases Axel Springer’s stake in Business Insider to 97 percent.

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Business Insider, Vox, BuzzFeed, Medium: What’s Driving Digital Media’s New Investment Craze

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