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Discovery Deepens Digital Presence With Investment In Group Nine Media

Discovery Communications just raised its bet on digital media with an agreement to pay $100 million for a minority stake in a new holding company — Group Nine Media — that it says will be Facebook’s top video news publisher and among the five largest U.S.-based “digital first” media companies.
Its properties include Thrillist Media Group, NowThis Media, The Dodo and Discovery’s Seeker digital network plus its SourceFed Studios production operation.
Discovery will have an…

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