Awful Announcing
Minute Media CEO Asaf Peled said the new funding "will help us invest in our technology platform and enable us to look at new digital brands as acquisition targets."
The asking price resembles what Spotify paid for Gimlet Media last year.
Spotify has acquired a number of podcasting-focused companies recently, and The Ringer may be the next in their sites.
Minute Media, known for sites like 90min.com and 12up, and for buying The Big Lead in March, is in exclusive talks to acquire The Players' Tribune.
"The agreement with Disney offers Sinclair an opportunity to charge consumers more by packaging their cable and broadcast programs."
"Apollo's talks with James' multimedia platform have focused on a strategic partnership deal that could see James contributing and advising on content for the networks."
If SI is sold to Meredith, it might mean big changes for the magazine.
ESPN results have been a noted drag on parent corporation Disney’s stock price for most of the last...
