They still have a couple of decent writers. But CN’s business model is buy publications with lots of eyeballs and increase the revenue per eyeball while decreasing the total number of eyeballs per publication but firm-wide across all properties eyeballs are on an upward trajectory. It’ll last as long as it does then there will be nothing but crap. Like SciFi turning into the wrestling channel at scale.
>But CN’s business model is buy publications with lots of eyeballs and increase the revenue per eyeball while decreasing the total number of eyeballs per publication but firm-wide across all properties eyeballs are on an upward trajectory
According to Wikipedia, their last acquisition was Pitchfork in 2015. That's almost 10 years ago. Prior to that, the last popular property appears to be Ars in 2008 and reddit, in 2006. They don't actually seem to be buying many properties...
Probably correct. The top contributors were some internet.nerds that were top notch on the tech side and rose on merit and the trust they built with their audience. Splitting $25m among the 5-7 of them probably seemed like winning the lottery.