Blog
New-Media Powers Say They'll Be Profitable Soon. Don't Ask About That Facebook Plan
New media titans have shown they can attract investors’ money, raking in millions in venture capital funding, but they have not answered clearly whether they can show a profit.
At South by Southwest, marketing chiefs for three heavily-funded digital publishers said they can do that too, or can soon, anyway.
Asked whether Refinery29 was profitable, its exec VP-marketing and strategy, Patrick Yee, said yes: “On a scale of not at all to very, I would say ‘quite.'”
New media titans have shown they can attract investors’ money, raking in millions in venture capital funding, but they have not answered clearly whether they can show a profit.
At South by Southwest, marketing chiefs for three heavily-funded digital publishers said they can do that too, or can soon, anyway.
Asked whether Refinery29 was profitable, its exec VP-marketing and strategy, Patrick Yee, said yes: “On a scale of not at all to very, I would say ‘quite.'”
Source: AdAge
