Media organizations are hiring again. Promising young reporters are leaving stalwart publications for new newsrooms. And venture capitalists are pouring millions into nimble publishing startups. It’s a rare moment of optimism for an industry accustomed to doom and gloom.
These days, BuzzFeed is rapidly expanding with $46 million in funding. Vox Media has raked in some $80 million in venture capital. Business Insider’s $12 million boost last week makes its haul about $30 million. And feel-good social curation site Upworthy has raised about $12 million since launching two years ago.
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