Tag: billionaires

by Jefferson Yen

Could billionaires become the grand patrons who save traditional media from self-destruction? That was the thinking when Facebook co-founder Chris Hughes bought the New Republic, Amazon founder Jeff Bezos bought the Washington Post and eBay founder Pierre Omidyar started First Look Media. But these grand patrons have found that the media world doesn’t come easy. […] more »

by Mark Glaser

This was a year of great consternation and great exuberance, marked indelibly by the revelations about wide and unregulated surveillance by the NSA, brought by Edward Snowden. And the exuberance came in a return to heady dot-com days with the Twitter IPO, an amazing “look ma, no profits!” way of raising billions of dollars from […] more »

by Mark Glaser

A few years ago, many legacy news organizations were cutting investigative staffs to the bone, trying to cut costs as revenues were dropping. And everyone knows that investigative journalism costs a lot of money and isn’t always the most “monetizable” content. But things have truly shifted recently, with online-native newsrooms such as Huffington Post and […] more »