What’s old is new again. Vox Media, the digital news company that owns Recode, Eater and SB Nation, has agreed to merge with New York magazine and its related web sites, the companies announced. The price was not disclosed although a report in the New York Times said the deal was all stock, which means New York magazine’s owner—the Wasserstein Family Trust, set up by the late investment...
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Problems Inside Facebook Gaming’s Black Creator Program; Meta Expects Revenue to Drop
On Monday, I reported that Meta Platforms has reduced the contracts it paid out to creators on its game-streaming service Facebook Gaming. As part of my reporting, I confirmed that Meta let its Black Gaming Creators Program, a $10 million fund, sunset at the end of last year. That brings up an important question of how successful this fund and others like it have been in supporting Black...
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