New Media Hit Stumbling Block, Scaring Away Some Investors

Posted Friday, December 14, 2018 11:59 am

Renae Merle and Thomas Heath | Washington Post

As legacy news companies suffered tremors over the past decade, money from venture capitalists poured into upstarts that promised to leverage a keener understanding of online reading habits to create a giant-killing class of new media ventures.

Today, the money is starting to dry up. Big ambitions have been downsized.

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New Media Hit Stumbling Block, Scaring Away Some Investors

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