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$DISCA said it will invest $100MM in Group Nine Media, a new media holding company consisting of Thrillist Media Group, NowThis Media, The Dodo and Discovery’s digital network Seeker. Axel Springer will maintain its investment as the second largest shareholder in the company. Ben Lerer, CEO of Thrillist, will become CEO of Group Nine Media.
$EXTR has been on an interesting uptrend, fundamentals kinda tricky but solid technical. Earnings 5th
Wow! $MCD scores again.