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Mode Media Collapses After Its Biggest Investor Removes The Cash IV


Mode Media, once known as Glam Media has packed it in and called it quits after plowing through $225 million in investment funds. The company's lead investor Hubert Burda Media decided to stop injecting cash into the company probably due to a collapse in traffic this year.
“The real takeaway is that the general-purpose ad network where you could represent 50 sites — even if it is targeted to a specific demographic — is obsolete,” said Joe Mohen, an industry executive and former CEO of Nylon Media.
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Mode Media Collapses After Its Biggest Investor Removes The Cash IV Reviewed by Editor on Friday, September 16, 2016 Rating: 5
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