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Stock impact report

BuzzFeed Is Going Public. Now What for Vox Media, Group Nine and Vice? [The New York Times]

New York Times Company (The) (NYT) 
Last new york times company (the) earnings: 2/6 07:00 am Check Earnings Report
Not so long ago, when newspapers and magazines were going out of business all across the country, BuzzFeed and a few other fast-growing web publications seemed like the future of the news business.Investors poured billions into Vox Media, Vice Media, Group Nine and other upstart companies that employed writers fully at ease with the new digital culture and the increased velocity of online journalism. Valuations shot skyward, and the companies’ founders did victory laps with each round of funding.The exuberance was based on what seemed like a surefire business model: Give readers web-native content free of charge and watch the money roll in from advertisers eager to connect with a young audience.Now things have turned upside down.The Washington Post, The New York Times and The Wall Street Journal have flourished, thanks to an emphasis on digital journalism and a strategy of charging readers for online access. A number of leading web journalists havedecampedIn an effort to regain their Show less Read more
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