MediaAcquisition

BuzzFeed Sells "Hot Ones" Owner for $82.5 Million: A New Era Begins

9 days ago

In a significant move within the media landscape, BuzzFeed Inc. has announced the sale of its subsidiary, Complex Networks, to an affiliate of the Soros Fund Management for an impressive $82.5 million. The transaction underscores the shifting dynamics in content creation and distribution, as media companies adapt to evolving audience preferences and economic realities.

Guardian Media Group Announces Sale of Observer to Tortoise Media for $25 Million

15 days ago

In a significant move within the media landscape, the Guardian Media Group has revealed its decision to sell the renowned Sunday newspaper, the Observer, to Tortoise Media for a hefty $25 million investment. This acquisition marks a new chapter for both organizations as they navigate the ever-evolving world of journalism.

Soros-Backed Group Wins Crucial FCC Approval to Take Over US Radio Stations

3 months ago

The FCC has approved a high-profile buyout led by a group spearheaded by billionaire philanthropist George Soros in a deal that had become extremely significant. This marked a decision that could change the face of US radio broadcasting forever.