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Athletic, Axios talking merger?

Discussion in 'Journalism topics only' started by FileNotFound, Mar 26, 2021.

Page 20 of 37
  1. cjericho

    cjericho Well-Known Member

    Is substack bigger than wenalway?
     
    cjericho, Aug 4, 2021
    #229
    Hermes, 2muchcoffeeman, JC and 2 others like this.
  2. playthrough

    playthrough Moderator Staff Member

    I have one Substack subscription and I have considered offering my editing services to the writer in exchange for a sub, or just some swag from his corner of the sports world. Everyone needs a copy editor.
     
    playthrough, Aug 4, 2021
    #230
    2muchcoffeeman and wicked like this.
  3. TheSportsPredictor

    TheSportsPredictor Well-Known Member

    I have subscribed to maybe a half-dozen Substack or other newsletters. They generally clutter up my Gmail account. They write too often for me to keep up.
     
    TheSportsPredictor, Aug 4, 2021
    #231
  4. Pilot

    Pilot Well-Known Member

    Ah I see your mistake. Gotta listen on at least 1.75x and probably 2x. Pro tip: bump it up to 3x, then back down and 2x sounds intelligible all of the sudden .
     
    Pilot, Aug 5, 2021
    #232
  5. SixToe

    SixToe Well-Known Member

    So you're saying after five or six artisinal Old Fashioneds and an Athletic-worthy deep dive into the Natty Lights, Substack and Parler would fight at Thanksgiving dinner?
     
    SixToe, Aug 5, 2021
    #233
  6. Songbird

    Songbird Well-Known Member

    You lose a lot of context, inflection, nervous tics and natural pauses, and the other little things that come with normal conversation. Listening at any speed other than normal doesn't sound fun, entertaining, or informational. There's something about listening to people talk about things they've formulated and workshopped, or trying to formulate, in real time.
     
    Songbird, Aug 5, 2021
    #234
  7. Twirling Time

    Twirling Time Well-Known Member

    The difference is in the pivoting.
     
    Twirling Time, Aug 6, 2021
    #235
    cjericho likes this.
  8. matt_garth

    matt_garth Well-Known Member

    matt_garth, Sep 22, 2021
    #236
  9. Sports Barf

    Sports Barf Well-Known Member

    All that shit talking about “we want to bankrupt newspapers” and looks like they’re gonna end up being the ones left holding the bag. Boy you hate to see it
     
    Sports Barf, Sep 23, 2021
    #237
    HanSenSE and justgladtobehere like this.
  10. The Big Ragu

    The Big Ragu Moderator Staff Member

    They are actively trying to sell themselves for $750 million ($250 million more than the company was being valued during its last capital raise just 20 months ago) on a business they started from scratch 6 years ago. I have no idea if LionTree will be able to make that happen (or if it will be able to raise more capital for them if it can't), but. ... What is the bag you are talking about, and who is holding it?
     
    The Big Ragu, Sep 23, 2021
    #238
    clintrichardson likes this.
  11. Alma

    Alma Well-Known Member

    The business was not started from scratch so that it could be sold in six years. It was supposed to flourish so quickly and so deeply that it sustained itself.

    when it is sold - if it is sold - it is likely that hundreds of people will be laid off and the site will become a strip mall of ads.
     
    Alma, Sep 23, 2021
    #239
  12. The Big Ragu

    The Big Ragu Moderator Staff Member

    The business may or may not ultimately be viable, let alone justify the kind of valuation some people have already invested at.

    But anyone who is willing to pay 3/4 of a billion dollars for it (or half a billion, if it even gets its last funding round valuation), on the kind of revenue it is reportedly generating, is NOT going to buy it and then do massive layoffs and radically change the strategy the way you suggested (it is a subscription model, not ads). You don't spend that kind of money and then shit all over the purchase. This isn't a heavily-indebted, dying newspaper, selling itself for pennies to a vulture investor trying to wring whatever it can out of it.

    Anyone who gets into this will be doing it because they see a growth opportunity (whether they are ultimately right or not), and they will be investing at a premium valuation. They will see a supposed 50 percent increase in revenue year over year and be thinking this has legs and is just getting started.

    They may not find that buyer -- they may have waited too long with the valuation they are now at -- but there is still A LOT of newly-created money sloshing around and throwing itself at much dumber things than this. So it's certainly possible. It's one thing to float merger stories without any details, like the NY Times rumor that was out there. It's another to hire an investment bank, which is a real expenditure.
     
    The Big Ragu, Sep 23, 2021
    #240
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