The VC-backed media myth is combusting
Private equity is helping Axel Springer go private; Business Insider is merging with eMarketer. The myth of a scaling media company may be crumbling.
Business Insider is a large media operation and filled with many smart and talented business reporters, and so I imagine a recent headline sent shivers down some of their spines. CNN reported that Axel Springer, BI‘s parent company, is trying to go private, with private-equity firm KKR offering to purchase minority stakeholder shares.