As VC Industry Shrinks, First-Time Investments Plummet
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Sara Fischer / Axios:
The Arena Group, formerly Maven, will buy AMG/Parade, owner of Parade Magazine, for $16M and expects to report $180M in 2021 revenue, ~60% from subscriptions
Justin Baragona / The Daily Beast:
Ex-New York Post digital EIC Michelle Gotthelf sues News Corp and the New York Post, claiming she was fired for revealing ex-EIC Col Allan sexually harassed her
Brian Stelter / CNN:
NewsGuard, which rates the reliability of news sources, expects to be profitable in every quarter of 2022 thanks to licensing deals with advertisers and others
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