The Race For Digital Media: New York Times, Verizon, News Corp In A Rush To Grab Media Startups
Summary
And funding and deal count from private market transactions involving these corporates have been growing every year since 2012. While acquisitions are nothing new to the industry, averaging 20 per year since 2012, media companies are now planting their flag in emerging tech areas such as VR/AR and diversifying into adjacent areas such as information and software, as Hearst did with its recent acquisition of aviation software company CAMP Systems. As new content distribution platforms debut and niche offerings such as The Wirecutter carve out audience share, companies such as News Corp and Verizon are betting on tech startups to spur innovation and revenue opportunities. In addition, telecommunications companies have moved aggressively into media creation and distribution while continuing to make acquisitions and investments that cut across services and devices. This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:If you aren’t already a client, sign up for a free trial to learn more about our platform.
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