Liz Gannes

Recent Posts by Liz Gannes

Israeli Publisher Tools Vendor Conduit Valued at $1.3 Billion

Conduit, the Israeli provider of toolbars and other “engagement” products for publishers, got a big number attached to its name today: A valuation of $1.3 billion. As had been rumored (but for double the price), early Conduit investor Yozma Venture Capital sold off its stake. J.P. Morgan’s Digital Growth Fund bought 7 percent of the company for $100 million, with Conduit’s founders maintaining their controlling stake.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald