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An app for aggregating news is considered more valuable than most individual publications it aggregates from. mediagazer/751488737599582209
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The entirety of WaPo sold for half or less than the valuation of SmartNews. This is more than 25% the value of the NYT.
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The SmartNews app for aggregating news is worth 1/3rd the total valuation of BuzzFeed.
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All of Tronc, which owns the paper listed in the SmartNews preview image, has a market cap of $431.40M, $70-170 million less than this app.
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The LA Times, which is being used in the SmartNews preview, is a mere fraction of a total company which is still worth less than this app.
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I just downloaded the app & opened it. First story is from The Huffington Post. HuffPo was sold for ~$200M less than this app is valued for.
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Exactly what value is it adding to these publishers? Speed? Less advertising? Suggestions?
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The building that once was filled with Tribune Media is worth more than Gawker. kelseymsutton/770744253949550597
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But also that huge building still isn't worth half-as-much as the valuation for a company that aggregates news from other companies.
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Good time to note that Gawker was sold for about 1/5th the value of a SmartNews, an app that does little but aggregate Gawker and others.