Blackstone's IDG nears deal to sell Foundry to Regent
Blackstone-backed IDG is nearing a deal to sell Foundry, its division that runs publications like PCWorld and Macworld, to private equity firm Regent, Axios has learned.
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.