|Company||Bustle Digital Group|
Bustle is an online American women's magazine founded in August 2013 by Bryan Goldberg. It positions news and politics alongside articles about beauty, celebrities, and fashion trends. By September 2016, the website had 50 million monthly readers.
Bustle was founded by Bryan Goldberg in 2013. Previously, Goldberg co-founded the website Bleacher Report with a single million-dollar investment. He claimed that "women in their 20s have nothing to read on the Internet." Bustle was launched with $6.5 million in backing from Seed and Series A funding rounds.
It surpassed 10 million monthly unique visitors in July 2014, placing it ahead of rival women-oriented sites such as Refinery29, Rookie and xoJane; it had the second greatest number of unique visitors after Gawker's Jezebel. Bustle's increasing popularity among young women is partly attributed to its young writing staff. The writers are advised to write about stories that interest them; this can range from topics about beauty products to international affairs and politics.
By 2015, Bustle had 46 full-time editorial staff and launched the parenting sister site Romper. In September 2016, Bustle launched a redesign using the company's $11.5 million series D funding round. At that time, the site had over 70 full-time editors and 250 contract contributors who posted over 200 articles daily.
Bustle Digital Group
Sales and acquisitions
Goldberg said that the acquisition was done in part to increase Bustle's original video content, which generated an average of 10 million monthly views, compared to Elite Daily's average of 60 million monthly views.
Bustle Digital Group purchased the inactive website Gawker in July 2018. Bustle Digital Group bought the events website Flavorpill, owner of Flavorwire, in August 2018. Bustle Digital Group purchased Mic on November 28, 2018 after it laid off the majority of Mic's staff.
In March 2019, Bustle Digital Group purchased The Outline, followed by The Zoe Report in May 2019. They also purchased Nylon in June 2019, with the intention to publish print magazines under the Nylon brand name. Rather than monthly publications, the magazines will be published around large cultural events, like the Coachella music festival. In July, Bustle Digital acquired Inverse, a science and culture site.
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- Amanda Hess. "The Bro Whisperer of Bustle". Archived from the original on 2015-08-11. Retrieved 2015-08-16.
- "The Women Behind The New Bustle On Reinventing "Women's Media"". Archived from the original on 2018-03-25. Retrieved 2018-03-24.
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- Goldberg, Bryan (13 August 2013). "I've raised $6.5 million to build and grow my new company, Bustle". Pando. Archived from the original on 10 September 2015. Retrieved 12 October 2015.
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- Shontell, Alyson. "2-year-old Bustle hits 45 million monthly uniques, flirts with profitability, and launches a new website for millennial moms, Romper". Business Insider. Archived from the original on 2019-07-06. Retrieved 2019-07-06.
- Kelly, Keith J. (2019-06-05). "Bustle raids Elle for new editor-in-chief". New York Post. Archived from the original on 2019-06-18. Retrieved 2019-11-14.
- Shontell, Alyson. "Bustle acquires Elite Daily from Daily Mail and rebrands as Bustle Digital Group". Business Insider. Archived from the original on 2019-11-11. Retrieved 2019-11-14.
- "Bustle Digital Group purchases Elite Daily from DMGT". Archived from the original on 2017-05-17. Retrieved 2018-01-08.
- "Elite Daily lost a ton of money, but Bustle just bought it from the Daily Mail anyway". Nieman Lab. Archived from the original on 2017-04-21. Retrieved 2017-04-22.
- Kludt, Tom; Darcy, Oliver (2018-07-12). "Gawker.com sold to Bleacher Report co-founder Bryan Goldberg in bankruptcy auction". CNN. Archived from the original on 2018-07-12. Retrieved 2018-07-12.
- "As Publishers Build Experiential Events, Bustle Digital Group's Newest Acquisition Will Help It Compete". Archived from the original on 2019-07-06. Retrieved 2019-07-06.
- "Pivoting to nowhere: How Mic ran out of radical makeovers". Digiday. 2018-11-30. Archived from the original on 2018-12-01. Retrieved 2018-11-30.
- "Bustle Digital Group Buys Nylon Magazine, Plans to Relaunch Print". Folio. 2019-06-27. Archived from the original on 2019-12-24. Retrieved 2019-11-14.
- Kafka, Peter (March 27, 2019). "Bustle Digital, the company that bought Gawker and Mic, has acquired the Outline". Recode. Archived from the original on March 30, 2019. Retrieved March 31, 2019.
- Bloomgarden-Smoke, Kara (2018-03-26). "Bustle Digital Group Acquires The Zoe Report". WWD. Archived from the original on 2019-07-06. Retrieved 2019-07-06.
- Spangler, Todd (2019-06-27). "Bustle Digital Group Buys Nylon, Plans to Relaunch Print Edition of Fashion and Culture Mag (EXCLUSIVE)". Variety. Archived from the original on 2019-11-08. Retrieved 2019-11-14.
- Spangler, Todd (2019-07-23). "Bustle Digital Buys Digital-Media Startup Inverse, Its Eighth Acquisition to Date". Variety. Archived from the original on 2019-12-31. Retrieved 2019-12-31.