Mashable, pioneer in covering the social media scene and resulting Internet culture, is working with LionTree Advisors to explore strategic options.
The current focus, according to a statement from Mashable, is raising capital, rather than the sale of the company.
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Bloomberg reports that Mashable needs funds to bankroll its expanding video portfolio, which generates 1.6B views a month.
Pete Cashmore, who founded Mashable in 2005, held sale talks with CNN five years ago.
Time Warner, CNN’s parent company, invested $15M in Mashable in 2016 and its Turner Broadcasting unit established a advertising and content partnership with Mashable.
AT&T is acquiring Time Warner in an $85B deal that is currently before federal regulators.
Lauren Skowronski, director of communications at Snap Inc., has been named senior VP-communications at CNBC.
Trust in the news media has continued to decline among Americans, with skepticism especially growing among younger audiences, according to a recent study.
Amazon may be coming to TikTok’s rescue in the nick of time as the app faces an April 5 deadline to cut ties with its Chinese owner or face a ban in the US, according to the New York Times... Vanity Fair editor Radhika Jones is heading out the door at the Condé Nast title she has headed up since 2017... Newspapers have dodged the bullet as regards the proposed tariffs on newsprint—for now.
Financial Times group chief executive John Ridding is stepping down after close to 20 years in the position... MSNBC hires Scott Matthews as SVP of newsgathering, effective March 17, as the network prepares for life after its connection to NBC News... Gallup has released a report showing that two-thirds of Americans either do not trust the media very much (31 percent) or do not trust it all (36 percent). 
Last week, Jeff Bezos just did something rare in today’s media landscape: he embraced common sense.
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