The SF Minute will officially relaunch as Axios San Francisco in the next few months.
Proceeds from the financing will be used to improve existing product capabilities and explore new verticals.
The group, which owns eight daily papers clustered mostly in the southwestern part of the state, said it will hire 13 new staff, including 11 journalists.
The 'Banner' might be the best-funded nonprofit local-media startup ever, launched by billionaire Stewart Bainum Jr. "to create a news outlet that strengthens the community."
Acquired companies are WhatCulture, a social-first brand focused on the gaming and entertainment market, and social data-insight company Waive.
BuzzFeed is reducing the size of its award-winning but money-losing news division under pressure from investors, which puts the company at an existential crossroads.
The move was condemned by newspaper-industry observers and local media alike as likely to create broad news deserts in eastern Massachusetts.
Some eye-opening findings: Twitter is the most valued social network for journalistic work, with 77% of respondents citing it.
Applied XL develops "event-detection algorithms that replicate the rigorous research process of biotech journalists in order to surface important signals," says CEO.
Trust.txt will help help validate media companies based on their membership in trusted organizations and associations.