Publishers Pare Down Their Portfolios Following Pandemic M&A

Vox Media, Recurrent Ventures and G/O Media all trimmed titles in the last month

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You might not be alone if, flush with cash during the doldrums of the pandemic, you spent too much money on something you never actually needed—in the last month, several media companies have felt the same way.

On Wednesday, Vox Media announced it would spin off the social video publisher NowThis, which it acquired in December 2021 after buying Group Nine Media in an all-stock deal.

The news follows a similar announcement from Recurrent Ventures, which on Monday sold its food and beverage property Saveur back to its longtime editor after acquiring the title in 2020.

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