And Axios, a news site based in Washington that started in 2017, has had talks with the German publishing giant Axel Springer about a possible merger, according to three people with knowledge of the negotiations.ĭigital publishers see this once-arcane Wall Street maneuver as a way to raise money at valuations that could match funding rounds in more buoyant conditions. Vox Media is considering several offers that would take it public through a SPAC, two people familiar with the business said. Vice Media, previously on the hook for big payments to one of its investors, the private equity giant TPG, is circling a plan to go public, according to three people with knowledge of Vice Media. BuzzFeed bought HuffPost and said it would acquire another publisher, Complex, as part of its plan to go public through a SPAC transaction of its own. Group Nine added PopSugar to a stable that included The Dodo and Thrillist and created a special purpose acquisition company (or SPAC) with the aim of going public. Vox Media bought New York Media, the parent company of New York magazine and its clutch of websites. In an effort to regain their stature and compete against the much larger Facebook and Google, which take huge chunks of online ad revenue, BuzzFeed, Vox Media, Vice Media and Group Nine have gotten bigger in recent years through mergers and acquisitions. A number of leading web journalists have decamped for these century-old institutions, while investors are demanding returns on the money they plowed into the digital companies when they were all the rage. 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. 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. Valuations shot skyward, and the companies’ founders did victory laps with each round of funding. 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. How is VOX intercom supposed to work? (Yes, both my friend and I have VOX intercom enabled)įinally, it seems that VOX phone and VOX intercom can be enabled at the same time.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. But it doesn't seem that the connection ever went fully quiet during the "nothing to say" moments. I can barely hear my friend's engine and wind noise, and, using side tone, I'm sure I'm equally noise-free when not speaking. On a recent 300+ mile ride, we chatted as usual, and also rode for a while without talking. At least that how I expect VOX intercom to work. When the talking stops, the intercom should go quiet. With VOX intercom, I expect the pair with another rider as usual and when one of us speaks, the intercom goes hot and I hear my friend and vice versa. Talking into the mic doesn't get a response from my phone. If I'm riding on my own, I enable vox phone and disable vox intercom. What I don't understand is how VOX Phone and VOX Intercom work. I understand the idea behind VOX: speak and something happens without pushing buttons.
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