#media-acquisition

#media-acquisition

And there's the end of Nike's famous imperative, "Just Do It," which will change to "Why Do It?" One could ask the same question of Nike's decision. But "it's not just a slogan," says Nike CMO Nicole Graham. "It's really a mindset and almost kind of a spiritual thing. It's like meditation or yoga. It's something that has so much reverence and beauty, but it's your job to continue to contemporize it and channel it in new dimensions."

Vox Media sold Outsports, which covers LGBTQ+ athletes, to Q.Digital last March in an "acqui-hire" deal (a non-cash transaction where Q.Digital took over Outsports' operations and revenue costs while keeping the team intact). It was part of Vox Media's reorganization to focus on its core brands last year. Under its new owners - which have other LGBTQ+ focused titles like Queerty and Gay Cities in its portfolio - Outsports has grown revenue by about 50% year over year,

Alden Global Capital expressed surprise at the rejection of its $16.50 offer for The Dallas Morning News, particularly since it wasn’t even considered for discussion.

The government legislation allowing foreign states to own up to 15% in British newspapers survived a potentially fatal vote in the House of Lords, ensuring RedBird Capital's purchase of the Telegraph can proceed.

"There was an increasing demand from clients to have a full-funnel approach," said Gilbert. "So we started looking around at the various agencies in the market, and when we came across Exverus, it was like a light went [on]."

Early discussions are taking place between Skydance founder David Ellison and journalist Bari Weiss about acquiring her online publication, The Free Press, although a deal remains uncertain.