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by nopriorarrests
2697 days ago
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No, they are drying up quite quickly. Consider this: ---cut--- For the media industry, with the investment group shutting down, one of the biggest backers of digital media companies over the past decade has backed out. “What are the bets being made in publishing and content companies and ad tech right now?” said a former executive at a company that was invested in by Time Warner Investments. “There’s zero. It’s just not happening.” [1] ---cut--- And it makes sense, tbh. Most of such investment failed - mashable, mic, buzzfeed, huffpost. Problem is, it seems that media just does not produce unicorns which will allow you to pay for failed investments. [1] https://digiday.com/media/warnermedia-shuts-investment-arm-t... |
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