Tags: NBCUniversal | Vox Media | news | digital

NBCUniversal Invests $200 Million in Digital News Outlet Vox

Wednesday, 12 Aug 2015 05:14 PM

NBCUniversal says it is investing $200 million in digital media company Vox Media, which owns popular sites such as food blog Eater, the sports-focused SB Nation and the tech blog Re/code.

NBCUniversal, which is owned by Comcast Corp., said Wednesday that it hopes to build a partnership with Vox that involves collaborating on editorial content, advertising and technology. NBCUniversal did not say what its stake will be in Vox and a representative could not immediately be reached for comment.

A person familiar with the matter who was not authorized to comment publicly confirmed that the investment values Vox at $1 billion.

Comcast already has a separate investment in Vox through its venture arm, Comcast Ventures.

The investment comes amid the growing popularity of digital media brands, especially among younger people.

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NBCUniversal says it is investing $200 million in digital media company Vox Media, which owns popular sites such as food blog Eater, the sports-focused SB Nation and the tech blog Re/code.
NBCUniversal, Vox Media, news, digital
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2015-14-12
Wednesday, 12 Aug 2015 05:14 PM
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