AllThingsD Editors Unveil Technology-News Site Called Re/Code

Thursday, 02 Jan 2014 06:12 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Kara Swisher and Walt Mossberg, the former editors of News Corp.’s AllThingsD, unveiled a new site called Re/Code, taking on their old employer in technology news and conferences.

The move follows a deal with Comcast Corp.’s NBCUniversal to help fund the business, people familiar with the matter said last month. Swisher and Mossberg will have majority control of the venture, with NBCUniversal and another unnamed investor together taking about a third of the business, the people said.

Re/Code faces an increasingly competitive market for technology coverage, including a fresh site from News Corp.’s Wall Street Journal. News Corp. is replacing AllThingsD with WSJD, which will have a similar combination of news and conferences. WSJD plans to host a global conference in Laguna Beach, California, in October.

Editor’s Note: 5 Reasons Stocks Will Collapse . . .

“We made a strategic decision last year to invest heavily in technology coverage,” Wall Street Journal Editor-in-Chief Gerard Baker said in an online statement. “WSJD represents the first fruits of that investment. No topic is more important to our readers than tech.”

Swisher and Mossberg agreed to cut ties with News Corp. in September and sought investors for the new startup, which they valued at about $25 million to $35 million, two of the people said. The two editors couldn’t agree to terms with News Corp. to retain the AllThingsD brand, according to the people.

The startup will take most of the current AllThingsD staff, who will become employees of a new holding company, they said. That business will be called Revere Digital, named for the Revolutionary War hero Paul Revere, according to the people. Bloomberg LP, the parent of Bloomberg News, competes with News Corp. in providing financial news and information.


© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

SpaceX Launches Supplies Rocket to International Space Station

Friday, 18 Apr 2014 21:25 PM

The SpaceX company returned to orbit Friday, launching fresh supplies to the International Space Station after more than . . .

Cool Heels on Climate Change Actions, Skeptics Say

Friday, 18 Apr 2014 15:08 PM

A report from the Intergovernmental Panel on Climate Change has been seized upon by the Obama administration and environ . . .

New Technique to Grow Stem Cells Could Lead to Cloning

Friday, 18 Apr 2014 10:45 AM

Experts warned that a new technique allowing stem cells to be grown from the DNA of human adult males could lead to huma . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved