[concinds]

It has to be some kind of money laundering scam, or other fraud, right?

Surely, no matter how out of touch they are, these old investors understand that not a single teen and college studens actually watches Ted Talks every day, reads Vox, listens to the NYT Daily on their way to classes, and has the Open Society Foundations RSS feed on their phone, right? They understand no one actually gives a F** about "media companies that challenge the status quo, shake things up, and go deep on the issues that matter most". Come on! The most "media" they watch is Linus Media Group, the Daily Show, and John Oliver. Only slightly exaggerating. It's impossible for them to be this out of touch!

[wolverine876]

Is there any data to back this up? IIRC, the NYT is performing very well in the 20-something demographic.

Also, IME generally people start reading more seriously, such as the NY Times, etc., when they're older; we need data on how such a media company performs in markets relative to some standard for realistic expectations. I'm sure the NY Times has few readers among high schoolers, but that doesn't indicate future problems