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Top related persons:
Alex Vargas - 1 Andrew Perlman - 1 Perlman - 1 MEL - 1 Conde Nast - 1 Alex - 1 I'm - 1 I've - 1
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Popular Science - 1 Axios - 1 GM - 1 Service - 1 Corporate - 1 Commerce - 1 GMs - 1

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2 mentions found


☆ Layoffs hit Recurrent Ventures as the company shifts resources toward video and 'new formats.' Read a leaked memo outlining its future plans.
  + stars: | 2023-11-13 | by ( Dan Whateley | Sydney Bradley | ) www.businessinsider.com   time to read: +6 min
Recurrent Ventures, a private-equity-backed digital media company, is letting go of staff across several editorial brands, a company spokesperson confirmed to Insider. The company operates publications that cover topics like science, outdoor living, and automobiles, including Popular Science, Field & Stream, The Drive, and Dwell. Among Recurrent's brands, Popular Science, a legacy science and technology magazine, was heavily impacted by Monday's cuts. "As consumer trends shift it's important we prioritize investment in new formats," the Recurrent spokesperson told Insider. "Like most media companies, Recurrent is adapting to the evolving landscape of its audience," the spokesperson said.
Persons: Alex Vargas, Andrew Perlman, Perlman, MEL, Conde Nast, Alex, I'm, I've Organizations: Popular Science, Axios, GM, Service, Corporate, Commerce, GMs
☆ How Recurrent Ventures went from media darling to another publisher hit by layoffs and struggles
  + stars: | 2022-11-15 | by ( Steven Perlberg | ) www.businessinsider.com   time to read: +14 min
Recurrent Ventures made a digital-media splash with acquisitions like The Drive and Popular Science. In May of last year, Recurrent Ventures announced its flashiest deal yet: a $300 million fundraising round led by the private-equity giant Blackstone. To make a more appealing parent brand to house a growing fleet of media properties, they eventually created a new entity called Recurrent Ventures. Recurrent Ventures expanded as it acquired well-known publishers like the 150-year-old Popular Science. Recurrent Ventures shut down MEL Magazine, the men's lifestyle publication it once planned to make the centerpiece of a new lifestyle vertical of sites.
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