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This may have more to do with the 20% stake that Penske Media Corporation (PMC) has in Vox Media [0] than with some kind of rational decision-making process? PM
by throwawayvoxpmc 3y ago
This may have more to do with the 20% stake that Penske Media Corporation (PMC) has in Vox Media [0] than with some kind of rational decision-making process? PMC is a major user of WordPress VIP. The Concert and Coral deals look more like a buyback than an earnest partnership.
[0] https://variety.com/2023/digital/news/pmc-acquires-vox-media-investment-stake-1235514761/ https://variety.com/2023/digital/news/pmc-acquires-vox-media...