Former Hollywood Reporter editorial director Matthew Belloni has joined a enterprise capital-backed digital media startup as a founding companion.
Alex Weprin of The Reporter experiences, “The still-unnamed digital media startup is co-founded by former Vainness Honest editor Jon Kelly, Vox Media and Luminary veteran Joe Purzycki, The Athletic alum Max Tcheya, and Conde Nast veteran Liz Gough, and counts TPG and 40 North Media amongst its buyers. It has raised $7 million up to now in Collection A financing.
“The startup plans to focus its editorial protection on the nexus of energy and affect in a number of key sectors: Finance, expertise, politics, and leisure. Belloni will assist launch its protection of leisure, beginning with an invite-only e-mail e-newsletter. The New York Occasions beforehand reported that the startup was in talks with former Washington Put up reporter Wesley Lowery a few position overlaying politics.
“The corporate is presently targeted on constructing out a subscription-based enterprise, constructed round newsletters, premium content material, podcasts, and occasions, although it additionally mentioned to be pursuing some premium sponsorships.”
To learn extra, go right here.