1 big thing: No Vox exit plan
Vox Media isn’t looking for an exit, CEO Jim Bankoff told me on stage in an interview this morning.
“We are a successful, growing, sustainable company. And so the short answer is … we’re not [looking],” he said when asked about eyeing potential investors, buyers or acquisition partners.
Why it matters: Two years ago, Vox Media looked like it was in trouble. Today, it’s one of the few privately owned digital media giants from the 2010s that hasn’t collapsed or been broken up. It also continues to invest in journalism.
Related Knowledge Center: State of the business model
The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.