The equity crew This week a trio of media reports chewed through, each dealing with private companies and their successes. The Wall Street Journal recently reported that Axios was growing rapidly and almost profitably. The newspaper also carried news that Morning Brew could switch to Business Insider for a whopping $ 75 million payout. Meanwhile, we covered the news that The Juggernaut has raised $ 2 million for its paywall release, which is focused on South Asian news.
The conversation, therefore, was a rather indulgent and nerdy business. It's always fun to celebrate other journalists who have achieved success in different ways, and this week was a moment for the media news landscape. Because the topic is so close to our hearts, good or bad, we fit our broader thoughts into this post on the future of the media.
Our own Natasha Mascarenhas writes about how media inequality and who can succeed, Danny Crichton has some pretty strong feelings about digital advertising, and Alex Wilhelm writes about how encouraging the various methods of recent media success are themselves.
This weekend, let's pause for a minute to reflect on the emerging media world, a place where too often private capital and the media economy have come into conflict.
It was announced this week that advertising might not be a bad idea after all. Axios is set to be profitable this year, and Morning Brew, A free business intelligence newsletter could be purchased from Business Insider for $ 50 million to $ 75 million. Both media companies earn money with newsletters. And by the time you end the story there, it's clear that news is not only a fundamental aspect of our democracy, it makes money too.
But the story shouldn't end there.