“Both Vox and Curbed value storytelling and as a result have attracted
the otherwise hard to reach young, affluent, social consumers. We think this combined expanded platform will clearly
attract premium advertisers.” -Jim Bankoff ,CEO Vox Media
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| Curbed founder Lockhart Steele laughing all the way to the bank |
Curbed.com founder Lockhart Steele is cashing out and will now have a boss. Vox Media which recently got a fresh injection of cash is buying the Curbed Network of sites in an expansion push. After the deal closes, Curbed founder Lockhart Steele won't be taking the money and driving off into the sunset. He will stay on and continue to oversee Curbed until he eventually departs and launches something new we're sure. Wonder what Gawker boss Nick Denton's cut will be? He injected $1.5 million into Curbed back in 2011.
source:
AllthingsD
