Yahoo sells TechCrunch to investment firm Regent
Yahoo on Friday said it has struck a deal to sell TechCrunch, the 20-year-old tech journalism site, to Regent, a media investment firm.
Why it matters: Yahoo’s business centers mostly on aggregation. Journalism isn’t its core focus.
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.