Comment on Vox Media is cutting pay and furloughing 9% of employeesComments−MangoCoffee6ydidn't Vox got like $200 million from NBCUniversal? why not ask for another round of funding?−bearcobra6yThey did raise $200 million from NBCU in 2015. Now probably wouldn't be a great time to try to raise money given that their revenue streams (ads, events, etc.) are under extreme pressure.−madeofpalk6yWasn't that like 5 years ago and several spun-up media sites later?−nostromo6yBecause NBCUniversal is hemorrhaging money.
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didn't Vox got like $200 million from NBCUniversal? why not ask for another round of funding?
They did raise $200 million from NBCU in 2015. Now probably wouldn't be a great time to try to raise money given that their revenue streams (ads, events, etc.) are under extreme pressure.
Wasn't that like 5 years ago and several spun-up media sites later?
Because NBCUniversal is hemorrhaging money.