Hearst Corp. has acquired a minority stake in Complex, via a $21 million investment. Complex publishes a bi-monthly magazine and owns several other sites, including PigeonsandPlanes.com, FourPins.com and FirstWeFeast.com.
“This is an important investment for us and one we view as a crucial strategic play,” said Complex CEO Rich Antoniello, in a statement. “As we look towards further expansion in digital and linear entertainment, Complex will have access to the extensive expertise, scale and partnerships that only a global media company like Hearst could offer.”
Hearst Entertainment
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in