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April 18, 2016 10:04 pm GMT

Verizon and Hearst team up to buy Complex Media

Screen Shot 2016-04-18 at 5.01.23 PMChalk this up as the latest major bet on the importance of mobile video for the future of digital media. Verizon Wireless and Hearst Corp. are set to jointly acquire Complex Media. The “video-first” lifestylesite, focused on pop-culture trends and general entertainment, will continue to operate independently, albeitwith Verizon and Hearst now each owning 50 percent stakes in… Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/qA9_cyMa38w/

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