Online blogs are going through IPOs now? Somebody call David Carr, journalism’s saved!
Glam Media runs over 4,000 content sites, including Glam (for makeup!) and Foodie (for food!), and has previously raised more than $150 million in funding; the company is currently valued at around $750 million.
The company is a bit of a pioneer in sponsored content — don’t expect any hard-hitting “inside fashion” exposés from their blog network. Glam has also had a few management problems as of late; over a third of its websites have lost traffic in the past year, according to AdWeek. All told, though, between this and Bryan Goldberg’s $6.5 million fund for Bustle — a new female-focused media property — it’s shaping up to be a heck of a year for newsies.