New York (April2015) – Breaking Media—the leading digital-first B2B media company in law, finance, energy, defense, government, healthcare and fashion—today announced the successful completion of a $1.5 million fundraising. The round was 100 percent subscribed by selected new outside investors and existing shareholders with deep experience in both digital media and principal investing.
A privately held media company, Breaking Media produces must-read websites, events, newsletters, research and mobile products for industry insiders. The funds raised will be used to accelerate growth in its current verticals and to target new verticals for future expansion.
“As capital is being infused into digital media brands, we’re thankful to have investors who believe in our vision, and an audience who keeps coming back for more,” said John Lerner CEO, Breaking Media. “This funding will help us accelerate our growth and look to expand into new verticals to remain the leading destination for industry insiders who want not only to be informed but entertained. We will also develop new and inventive methods of connecting our communities and advertising partners in ways that are mutually beneficial.”
By building deep vertical communities, Breaking Media is able to penetrate the markets it serves and to offer its advertiser partners a highly engaged, influential and targeted audience. Traffic to Breaking Media’s sites has increased to over 5 million unique visitors since it launched in 2006, and is poised for continued growth and profitability this year.
This is the latest in a series of strategic growth efforts from the publisher, who earlier this year acquired MedCity Media to break into the growing healthcare market. In 2013, the company purchased Breaking Defense, Breaking Energy and Breaking Gov from AOL.
About Breaking Media
Breaking Media runs a network of next-generation business-to-business media brands targeting influential professionals: Above the Law, Dealbreaker, Fashionista, MedCity News, Breaking Defense, Breaking Energy and Breaking Gov. Because of its authentic, inside-the-industry content, Breaking Media reaches over 5 million affluent, decision-making professionals per month and connects brands with this deeply targeted, engaged and influential audience through innovative content integration, custom research products, event marketing and more. Headquartered in Manhattan, the company was founded in 2006.