Vox Media is raising $40 million in a round led by Silicon Valley venture firm Accel Partners, a huge sum of money for a new media company.
CNN will reportedly buy social media blog Mashable for more than $200 million, according to Reuters blogger Felix Salmon.
Nonstop handwringing over the supposed demise of old media has missed the real story — the huge amount of value that’s been created in new online content businesses, according to Henry Blodget, CEO and editor of The Business Insider, an online news startup.
Trailmeme is one of 70 companies chosen by VentureBeat to launch at the DEMO Fall 2010 event taking place this week in Silicon Valley. After our selection, the companies pay a fee to present. Our coverage of them remains objective.