Hearst Media Posts

Hearst Has Around 800,000 Digital Subscribers Across Content Network

Hearst Corporation, the parent company of publications like Car & Driver, Cosmopolitan, Elle, and Car & Driver, claims to have around 800,000 paying digital subscribers.  These numbers were announced in a letter to employees at the company by Hearst President David Carey.  This figure includes monthly subscribers across all of their titles on iPads, Nooks, Androids, etc.  Mr. Carey claims that this figure is “the highest in the industry.”

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Viral Tracking Pop Culture Website BuzzFeed Raises $15.5 Million

BuzzFeed is one of my most favorite time-pass websites because they have interesting galleries and lists of pop culture. BuzzFeed has raised $15.5 million in Series C funding led by New Enterprise Associates. Other investors that participated include Lerer Ventures, Hearst Media, SoftBank, and RRE Capital. NEA General Partner Patrick Kerins will be joining the BuzzFeed board of directors. Ken Lerer, the Huffington Post co-founder and BuzzFeed board member, will become the BuzzFeed executive chairman.
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